According to the research report titled ‘U.S. Biomedical Refrigerators and Freezers Market Size By Product, By End-use, Industry Analysis Report, Application Potential, Competitive Market Share & Forecast, 2020 - 2026‘, available with Market Study Report, U.S. biomedical refrigerators and freezers market is expected to witness substantial growth during 2020-2026.
 

Biomedical refrigerators and freezers provide suitable conditions for storage of biological samples. Extensive deployment of the product across blood banks, hospitals, pharmacies, research labs, and diagnostic centers is expected to drive the growth of biomedical refrigerators and freezers market in the U.S. over forecast period.
 

Request sample copy of this Report: https://www.marketstudyreport.com/request-a-sample/2525414/
 

The product finds usage in healthcare facilities for the storage of chemicals and biological samples like vaccines, blood, medicines, flammable chemicals, ribonucleic acid (RBA), deoxyribonucleic acid (DNA), and biological reagents. Constant growth of healthcare sector coupled with surging cases of various health disorders, and implementation of advanced medical technology will contribute to the expansion of U.S. biomedical refrigerators and freezers market.
 

Based on the product terrain, U.S. biomedical refrigerators and freezers market is segmented into lab refrigerators, plasma freezers, blood bank refrigerators, lab freezers, shock freezers, and ultra-low temperature freezers. Among these, plasma freezers segment was valued at USD 315 million in 2019 and is expected to grow exponentially over the forecast time. Incorporation of plasma freezers for efficient & safe storage of vaccines, whole blood, and plasma products is propelling the segmental growth.
 

The report cites that lab freezers segment is anticipated to witness huge demand in forthcoming years. Major use of these freezers is to store & cool samples and specimens for preservation. Lab freezers consists of refrigeration units for the storage of blood plasma and other blood derivatives, along with vaccines, pharmaceuticals, and other medical supplies.
 

With regards to end-user landscape, the industry is classified into research labs, diagnostic centers, hospitals, pharmacies, and blood banks. Market share from pharmacy segment is estimated to record a growth rate of 2.6% through 2026. The growth can be attributed to extensive application of medical-grade refrigerators in retail establishments, hospitals, and community pharmacies for efficient storage of vaccines, compound sterile preparations, and pharmaceuticals.
 

Parallelly, diagnostic centers segment is slated to generate revenues in the subsequent years. Inflowing investment towards new drug development is fostering the demand for biomedical refrigerators & freezers from diagnostic centers.
 

Key players in U.S. biomedical refrigerators and freezers market include Stirling Ultracold, Global Cooling Inc., So-Low Environmental Equipment Co. Inc., Thermo Fisher Scientific, Powers Scientific Inc., Panasonic Healthcare Corporation of North America, Lab Research Products, Migali Scientific, NuAire Inc., Helmer Scientific, Follett LLC, Continental Scientific, Compact Alliance, and Aegis Scientific Inc.