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U.S. Biomedical Refrigerators and Freezers Market 2020 By Revenue, Top Trend & Regional Growth Forecast

Author : Ronak Bora | Published Date : 2020-09-07 

U.S. Biomedical Refrigerators and Freezers Market report offers in-depth analysis of the industry size, share, major segments, and different geographic regions, forecast for the next five years, key market players, and premium industry trends. It also focuses on the key drivers, restraints, opportunities and industry challenges.

Growing adoption of biomedical refrigerators in hospitals, pharmaceutical companies, and research labs for safe storage of biological specimens is likely to drive U.S. biomedical refrigerators and freezers market outlook.

Technological advancements in biomedical refrigeration along with growing investments in R&D activities and clinical studies may also support industry expansion. Increasing new drug development has prompted research labs to invest in biomedical refrigerators and freezers for biological sample storage. As per the American Red Cross Society estimates, more than 35,000 units of RBCs are utilized in the United States every year, owing to growing disease burden.

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Rapid advancement in healthcare infrastructure in the U.S. will also stimulate industry growth over the coming years. U.S. biomedical refrigerators and freezers market size is forecast to cross the USD 1.4 billion mark by 2026.

Biomedical refrigerator plays a significant role in pharmacies owing to its ability to offer efficient storage for vaccines, compound sterile preparations, and pharmaceuticals. Over the years, the segment accounted for a major section of market’s revenue share and is set to register a compound annual growth rate of 2.6% within the predicted timeframe. Medical-grade refrigerators are commonly found in retail establishments, community pharmacies, and hospitals.

Meanwhile, ongoing investments across diagnostic centers to develop new and advanced drugs could massively benefit the biomedical refrigerators and freezers market growth. Studies suggest that diagnostic centers are expected to control a substantial revenue share of the U.S. biomedical refrigerators and freezers market by 2026. These facilities heavily rely on biomedical freezers as they are supremely reliable and offer tremendous storage for biological specimens.

Rapid technological developments across medical-grade refrigeration systems could strengthen the business outlook of biomedical refrigerators and freezer suppliers. As a result, numerous manufacturers are concentrating on integrating advanced technological solutions into their refrigeration devices to enhance customer experience and make them suitable for a number of diverse biomedical applications.

Industry players are also implementing various expansion strategies to enhance their geographical presence. Taking May 2018 for instance, Liebherr Group’s domestic appliances division strengthened its footholds in Asia by opening a new facility in India. Reportedly, the new facility would help the company to ramp up the production of high-quality freezers and refrigerators for the Indian market. 

Browse full table of contents (TOC) of this report @ https://www.gminsights.com/toc/detail/us-biomedical-refrigerators-and-freezers-market

Partial Chapter of the Table of Content 

Chapter 4. U.S. Biomedical Refrigerators and Freezers Market, By Product

4.1. Key segment trends

4.2. Plasma freezers

4.2.1.    Market size, 2015 - 2026

4.3. Blood bank refrigerators

4.3.1.    Market size, 2015 - 2026

4.4. Lab refrigerators

4.4.1.    Market size, 2015 - 2026

4.5. Lab freezers

4.5.1.    Market size, 2015 - 2026

4.6. Ultra-low temperature freezers

4.6.1.    Market size, 2015 - 2026

4.7. Shock freezers

4.7.1.    Market size, 2015 - 2026

Chapter 5. U.S. Biomedical Refrigerators and Freezers Market, By End-use

5.1. Key segment trend

5.2. Blood banks

5.2.1.    Market size, 2015 - 2026

5.3. Pharmacies

5.3.1.    Market size, 2015 - 2026

5.4. Hospitals

5.4.1.    Market size, 2015 - 2026

5.5. Research labs

5.5.1.    Market size, 2015 - 2026

5.6. Diagnostic centers

5.6.1.    Market size, 2015 - 2026

5.7. Others

5.7.1.    Market size, 2015 - 2026

About Author

Ronak Bora

Ronak Bora

A graduate in Electronics Engineering, Ronak writes for fractovia and carries a rich experience in digital marketing, exploring how the online world works from a technical and marketing perspective. His other areas of interest include reading, music, and sport. [email protected] | https://twitter.com/RonakBora26

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