(PharmaNewsWire.Com, January 09, 2018 ) The Middle East and Africa Laboratory Freezers Market is worth USD 0.22 billion in 2016 and estimated to grow at a CAGR of 4%, to reach USD .27 billion by 2021. The Middle East and Africa Laboratory Freezers market is developing at a remarkably quick speed.
Laboratory Freezers are restorative hardware, utilized for putting away different organic samples, for example, natural reagents, blood, blood subordinates, medications, immunizations, deoxyribonucleic corrosive (DNA), ribonucleic corrosive (RNA), and combustible chemicals. Tests with organic starting point require exact conditions for compelling stockpiling. Compared to household fridges and coolers, Laboratory Freezers give ideal conditions to effective capacity of tests with natural starting point. Laboratory Freezers are broadly utilized as a part of blood donation centers, clinics, analytic focuses, explore research centers, instructive foundations.
The significant drivers for Laboratory Freezers market are rising geriatric population, technical augmentation, infrastructural upgradation in healthcare facilities and research laboratories, and rise in medical tourism will drive the global biomedical refrigerators and freezers market size. Developments in regenerative medication, drug discovery and bio-banking techniques coupled with increasing research activities in the field of biomedical sciences should boost the development of advanced products. Existence of big number of local players providing cheaper refurbished equipment, maintenance costs and energy costs of biomedical refrigerators and freezers limit this industry.
The Middle East and Africa market for Laboratory Freezers is segmented on the basis of Product, end user and region. Based on product, the market is segmented into Ultra-Low Freezer, Blood Bank Refrigerator, Pharmacy Refrigerator, Cryopreservation, Plasma Freezer, Explosion-Proof Freezer, Enzyme Freezer, and Chromatography Refrigerator. Based on end user, the market is segmented into hospitals, medical laboratories, pharmacies, blood banks, academic & research institutes, and pharmaceutical and biotechnology companies. Blood bank refrigerators were most valued in 2016, because of rising government expenditure, growing number of surgical procedures and rising demand for blood bank refrigerators in scientific, medical and research sectors. Laboratory refrigerators, freezers and ultra-low temperature freezers are also expected to witness substantial growth during the forecast period.
Geographically, market is further segmented into Middle East and Africa. Middle East and Africa has an untapped market and key players are slowly expanding to this region which is the main reason for the growth of market in this region.
VWR Corporation (U.S.), ARCTIKO A/S (Europe), Biomedical Solutions Inc. (U.S.), EVERmed S.R.L. (Italy), Philipp Kirsch GmbH (Germany), Thermo Fisher Scientific Inc. (U.S.), Haier Biomedical (China), Eppendorf AG (Germany), Helmer Scientific (U.S.), and Panasonic Healthcare Co., Ltd. (Japan).are the leaders in the Middle East and Africa Laboratory Freezers market.
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