Pharmacy Refrigerators Market Scope
In order to keep and store temperature-sensitive biomedical components that are regularly employed in healthcare operations, temperature precision and monitoring are critical features of medical research. Pharmacy refrigerators and freezers are one type of medical equipment that is used to store and preserve biomedical items such as pharmaceuticals, blood cells, vaccines, enzymes and reagents, DNA (deoxyribose nucleic acid), and others. Biomedical refrigerators that are technologically advanced have features such as reduced energy consumption and low noise levels. Other features include a power failure alert, a longer-lasting battery backup, and a digital display. The market expansion of these pharmaceutical refrigerators and freezers is supported by several technical advantages of the system, such as reduced time, low consumption, and standardized outcomes. These systems also offer a user interface that is simple to use and provide better traceability in their approach. Furthermore, owing of the mismanagement of the refrigerators, various technical issues related with pharmaceutical refrigerators and freezers are frequently noticed. The employment of superior systems is also encouraged by traditional pharmaceutical refrigerators and freezers procedures.
The Pharmacy Refrigerators market study is segmented by Type (Blood Bank Refrigerators & Plasma Freezers, Laboratory Refrigerators & Freezers, Pharmacy Refrigerators & Freezers, Chromatography Refrigerators & Freezers and Others) and major geographies with country level break-up.
The companies are exploring the market by adopting mergers & acquisitions, expansions, investments, new service launches and collaborations as their preferred strategies. The players are exploring new geographies through expansions and acquisitions to avail a competitive advantage through combined synergies. Research Analyst at AMA estimates that United States Players will contribute to the maximum growth of Global Pharmacy Refrigerators market throughout the predicted period.
Thermo Fisher Scientific Inc. (United States), Moderna, Inc (United States), Blue Star Limited (India), Helmer Scientific (United States), Felix Storch, Inc. (United States), Philipp Kirsch GmbH (Germany), Haier Biomedical (China), Follett LLC (United States), PHC Holdings Corporation (Japan) and LEC Medical (United Kingdom) are some of the key players that are part of study coverage. Additionally, the Players which are also part of the research are ZhongkeMeiling Cryogenics Company Limited (China) and Vestfrost Solutions (Denmark).
The research aims to propose a patent-based approach in searching for potential technology partners as a supporting tool for enabling open innovation. The study also proposes a systematic searching process of technology partners as a
preliminary step to select the emerging and key players that are involved in implementing market estimations. While patent analysis is employed to overcome the aforementioned data- and process-related limitations, as expenses occurred in that technology allows us to estimate the market size by evolving segments as target market from total available market.
AMA Research has segmented the market of Global Pharmacy Refrigerators market by Type, Application and Region.
On the basis of geography, the market of Pharmacy Refrigerators has been segmented into South America (Brazil, Argentina, Rest of South America), Asia Pacific (China, Japan, India, South Korea, Taiwan, Australia, Rest of Asia-Pacific), Europe (Germany, France, Italy, United Kingdom, Netherlands, Rest of Europe), MEA (Middle East, Africa), North America (United States, Canada, Mexico).
November 2020 – Moderna, Inc. a biotechnology company pioneering messenger RNA (mRNA) therapeutics and vaccines to create a new generation of transformative medicines for patients, announced new data showing that mRNA-1273, its COVID-19 vaccine candidate, remains stable at 2° to 8°C (36° to 46°F), the temperature of a standard home or medical refrigerator, for 30 days.
- Increasing Demand for Blood Storage Centers and Blood Banks
- Technological Advancements in Medical Refrigerators
- Increasing Research & Development Investments in Medical Science
- Stringent Regulatory Factors
- Lack of Awareness About Medical Equipment
- Use of Refurbished Devices
Frequently Asked Questions (FAQ):
1. Is it possible to have certain customization in the study?
The Study can be customized to meet your requirements. Please connect with our representative, who will ensure you get a study that suits your business objectives.
2. How big is the Pharmacy Refrigerators Market?
Yes, the study does represent market size by key business segment, application/end users and major geographies forecasted till 2026.