Biomedical Refrigerator Market Trends
In July 2024, the newly renovated Guba Community Hospital in Cebu City was unveiled, with funding from the Department of Health (DOH). As part of the renovation, the DOH also donated biomedical refrigerators to the hospital to safely store various biological samples.
In February 2024, PHC Corporation of North America launched a new model of its PHCbi brand VIP ECO SMART ultra-low temperature freezers, designed for medical institutions, universities, and pharmaceutical companies. This new series aims to reduce power consumption while still offering reliable preservation capabilities.
In August 2022, Azenta, Inc. acquired B Medical Systems, a global leader in medical refrigeration, including ultra-low freezers. This acquisition enhances Azenta’s cold chain solutions, providing more advanced options for the safe and traceable transportation of temperature-sensitive biological samples.
Rising Demand for Cell and Gene Therapy: A Growing Opportunity for the Biomedical Refrigerator Market
Cell and gene therapy products, including stem cells, cancer vaccines, RNA, DNA, and other biological therapies, require strict cold storage conditions. For example, stem cells need temperatures between -80°C and -196°C, while RNA and DNA must be stored at -70°C to -80°C. As the demand for these therapies increases, especially with more regulatory approvals, the need for biomedical refrigerators in research and clinical settings is growing. In 2023 alone, cell and gene therapy developers raised $3.5 billion across 65 deals, highlighting the sector’s rapid expansion. This growth in research and the number of clinical trials is fueling demand for biomedical refrigerators.
High Upfront Costs: A Challenge for the Biomedical Refrigerator Market
A significant challenge for the biomedical refrigerator market is the high upfront cost. New biomedical refrigerators typically range from $2,000 to $15,000, depending on the size, capacity, and features of the unit. Advanced models, such as those with ultra-low temperature capabilities or explosion-proof designs, can be even more expensive. This high cost can limit access to these units, especially for smaller businesses or institutions with tighter budgets.
Top Companies in the Biomedical Refrigerator Market
- Angelantoni Life Sciences
- Arctiko
- B Medical Systems
- Biomedical Solutions, Inc.
- Eppendorf AG
- Haier Biomedical
- NuAire
- PHC Holdings Corporation
- Philips Kirsch GmBH
- SKSurgitech
- Terumo Corporation
- Vestfrost Solutions
Discover our detailed Table of Contents (TOC) for the Industry, providing a thorough examination of market segments, material, emerging technologies and key trends. Our TOC offers a structured analysis of market dynamics, emerging innovations, and regional dynamics to guide your strategic decisions in this rapidly evolving healthcare field – https://www.towardshealthcare.com/table-of-content/biomedical-refrigerator-market-sizing
To own our research study instantly, Click here @ https://www.towardshealthcare.com/price/5281
You can place an order or ask any questions, please feel free to contact us at sales@towardshealthcare.com
About Us
Towards Healthcare is a leading global provider of technological solutions, clinical research services, and advanced analytics to the healthcare sector, committed to forming creative connections that result in actionable insights and creative innovations. We are a global strategy consulting firm that assists business leaders in gaining a competitive edge and accelerating growth. We are a provider of technological solutions, clinical research services, and advanced analytics to the healthcare sector, committed to forming creative connections that result in actionable insights and creative innovations.
Visit Dental Specifics: https://www.towardsdental.com
Explore the comprehensive statistics and insights on healthcare industry data and its associated segmentation: Get a Subscription
For Latest Update Follow Us: https://www.linkedin.com/company/towards-healthcare