Infinium Global Research Biomedical Refrigerators and Freezers Market | Page 3

Biomedical Refrigerators and Freezers Market: Trends and Forecast -2024
Furthermore, awareness about the harms of greenhouse gases emitted from
conventional refrigeration systems and strict emissions norms to the environment
will force product manufacturers to design greener products .This in turn is
anticipated to have positive impact for the growth of the biomedical refrigerators
and freezers market. Moreover, advances in regenerative medicines ,drug
discovery and bio-banking techniques coupled with research activities in the field of
biomedical science is expected to provide various growth opportunities for the key
players in the global biomedical refrigerators and freezers market over the
upcoming years.
Among the geographies, North America accounted for the largest share in the
global biomedical refrigerators and freezers market followed by Asia Pacific
regions. Additionally, the growth of North American regional market can be
attributed to the development of bio banks and giome engineering .However,
increasing geriatric population towards the technological developments in the
healthcare is anticipated to lead vast growth opportunities for the biomedical
refrigerators and freezers market in the Asia Pacific regions over the years to come.
On the other hand, US is the most important sector and has captured majority of
the market share in the North American regions .Moreover, high economic
development in the countries such as India and china are boosting their
expenditure in the healthcare infrastructure and medical services.
Some of the prominent players in the global biomedical refrigerator and freezers
market are Aegis Scientific, Eppendorf, Haier Biomedical, Philipp Kirsch, Helmer
Scientific, Leibherr Group and Panasonic Healthcare. Moreover, owing to the
presence of several large and small manufacturers the market share is highly
uneven. However, increased government research and development funding in
pharmaceutical sector and expansion of research facilities is rising the rate of
adoption of the biomedical refrigerators and freezers market size. According to the
Europe Medical Device Directive, a legislation has been passed in order to design,
manufacture, and test biomedical refrigerators and freezers with essential safety
and performance.
Segment Covered
The report on global biomedical refrigerators and freezers market covers segments
such as, product type and end-user. Based on