Biomedical Plasma Freezers Market Size, Share, Growth and Industry Growth by Type (Manual Defrost, Automatic Defrost) by Application (Hospital, Laboratory, and Others) Regional Forecast From 2024 To 2031

Updated On: 29 April 2024

Biomedical Plasma Freezers Market Report Overview

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The global biomedical plasma freezers market size expanded rapidly in 2022. As per our research, the market is expected to generate substantial revenue by 2031, a robust CAGR during the forecast period.

The global COVID-19 pandemic has been unprecedented and staggering, with the biomedical plasma freezers market experiencing lower-than-anticipated demand across all regions compared to pre-pandemic levels. The sudden rise in CAGR is attributable to the market's growth and demand returning to pre-pandemic levels once the pandemic is over.

The biomedical plasma freezers, also known as chest-type freezer or shelf-type freezer. Biomedical plasma freezer is designed to meet the needs of blood banks, hospitals, pharmaceutical companies, biomedical research centres, laboratory and universities. It is used to store plasma, a component of blood that contains various proteins and clotting factors. They are also designed to maintain the temperature of the stored plasma at ultra-low temperatures, typically -30 degree C TO -80 degree C, to prevent degradation and ensure its long-term preservation.

The biomedical plasma freezers market has grown rapidly in recent years, increasing demand for plasma-based therapies, advancements in biomedical research, growing biobank industry, and technological advancements in freezer design have led to the development of highly efficient and effective biomedical plasma freezers. These freezers are designed to maintain ultra-low temperature with minimal energy consumption and provide features such as remote monitoring and automated data logging, which make them easier to use and maintain. Growing demand for consumer machinery equipment and sales through online e-commerce channels is anticipated to drive market growth during the forecast period. Presence of leading manufacturers of biomedical plasma freezers will boost the market growth.   

COVID-19 Impact: Halt on Biobanking Industry to Impede Market Growth

The effects of the COVID-19 pandemic are already being felt on a global level, the global actuator connector market was significantly influenced. The outbreak of COVID-19 had a negative impact on several markets. Various countries went into lockdown. With sudden pandemic, all kinds of businesses observed disruptions. The pandemic had a significant impact on the biobanking industry as there was closure on the sale of machines. Halt on the production in the manufacturing plants led to affecting of demand for machinery and simultaneous product. Recovery of the market is expected due to increase in demand for plasma-based therapies and need for increased storage capacity which is increasing the demand and biomedical plasma freezers market growth.

LATEST TRENDS

"Increased demand for plasma-based therapies to boost market growth "

One of the major biomedical plasma freezers market trends driving the market's growth is the increasing demand for plasma-based therapies usage. Plasma -based therapies have been a critical part of the treatment of covid-19 patients, particularly those with severe symptoms. As, a result there has been an increased demand for plasma donations and plasma-derived therapies. Biomedical plasma freezers play a critical role in ensuring that donated plasma is stored and maintained at the appropriate temperature to preserve its quality and efficiency.

The covid 19 pandemic has also led to surge in demand for biobanking and other sample storage facilities. This product is a critical component of biobanks allowing for the long-term storage of biological samples.

Biomedical Plasma Freezers Market Segmentation

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• By Type

Based on type, the market is divided into manual defrost and automatic defrost.

• By Application

Based on application, the market is divided into hospital, laboratory and others.

DRIVING FACTORS

"Growing biobanking industry to facilitate market development"

The market is motivated by an upsurge in biobanking industry as it has become a new market trend. Biobanks are facilities that store biological samples for research and medical purposes. The biobanking industry has been growing rapidly in recent years, driven by an increasing need for high-quality research samples. Biomedical plasma freezers are a critical component of biobanks, allowing for the long- term storage of biological samples.

"Advancement in biomedical research to boost market growth "

The market is growing positively due to advancement in biomedical research. Biomedical research continues to make important breakthroughs in the development of new treatments and therapies. Many of these breakthroughs rely on the availability of high-quality biological plasma freezers play a critical role in ensuring that these materials are stored and maintained at the appropriate temperature.  Overall, advancement in biomedical research have been a driving force in improving human health and extending life expectancy. These advancements have led to the development of new treatments, therapies, and preventive measures that have transformed the way we treat and manage diseases.

RESTRAINING FACTORS

"High costs associated with the industry to be a restraining factor "

The main restraining factors of biomedical plasma freezers are, they are expensive compared to regular refrigerators due to their specialized design and low temperature requirements. This product are dependent on a continuous supply of electricity to maintain the low temperatures required for plasma storge. This can be a problem in the areas where power outages are common or in emergency situations where power may be not be available. Maintenance and calibration is required to ensure optimal performance. Failure to property maintain the freezer or calibrate can cause fluctuations in temperature and damage to the stored samples. 

Biomedical Plasma Freezers Market Regional Insights

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"Presence of advancements in biotechnology and pharmaceutical sectors to Propel Market Progress in North America"

North America is expected to dominate the biomedical plasma freezers market share. Biomedical    plasma freezers market is expected to grow high in North America due to rising research and development spending as well as advancements in the biotechnology and pharmaceutical sectors. With a high population, North America has high demand for blood products, vaccines, and other biological materials that require storage at ultra-low temperatures.  

Additionally, the growing use of biomedical refrigerators and freezers in combination with the increased incidence of cancer in the United States will boost sales growth. Investment in healthcare by United States both from the government and private sector. This has led to the development of advanced healthcare facilities and a high demand for biomedical plasma freezers market.

KEY INDUSTRY PLAYERS

"Market Players to Boost Market Growth"

The report delivers information about the list of market players and their operations in the industry. The information is collected and reported with proper research, technological developments, acquisitions, mergers, expanding production lines, and partnerships. Other aspects examined for this market include companies producing and introducing new products, regions they conduct their operations in, automation, technology adoption, generating the most revenue, and making a difference with their products.

• PHC Corporation (Japan)
• Tritec (North America)
• Fiocchetti (Italy)
• B Medical Systems (Europe)
• Biobase (Germany)
• Flli Della Marca (Italy)
• Thermo Scientific (United States)
• Angelantoni Life Science (Italy)
• Telstar (France)
• Helmer Scientific (United States)
• Philipp Kirsch (Germany)
• Norlake (United States)
• EVERmed (New York)
• Desmon Scientific (Italy)
• Arrowsmith and Grant Refrigeration (Australia)

REPORT COVERAGE

This research profiles a report with extensive studies that take into description of the firms that exist in the market affecting the forecasting period. With detailed studies done, it also offers a comprehensive analysis by inspecting the factors like segmentation, opportunities, industrial developments, trends, growth, size, share, restraints, and others. This analysis is subject to alteration if the key players and probable analysis of market dynamics changes.