North American Biomedical Refrigerators & Freezers Market size to reach $1.98 Bn by 2028

Published Date: 2022-08-22

Request a sample

North American Biomedical Refrigerators & Freezers Market size is predicted to cross USD 1.98 billion by 2028, according to a latest forecast report by Graphical Research.

Rising demand for biopharmaceuticals to make vaccines and allergenics will augment the use of biomedical refrigerators and freezers across hospitals and research laboratories. Increased need for organ transplants is driving the market trends. The growing medical requirements of the geriatric population is influencing the healthcare sector in the region.

Canada has a well-established network of blood banks, facilitating easy collection of platelet, plasma, and blood donations throughout the country. According to the Canadian Blood Services, there are over 35 permanent donor centers, coupled with more than 4,000 mobile donor centers across the nation. The U.S. government has recorded a declining number of blood donors in recent times.

The blood bank refrigerator segment will surpass USD 540 million by 2028. Several regional hospitals and other healthcare organizations have been providing free baseball and movie tickets to attract more donors. The U.S. Blood Supply Facts published by the American Red Cross states that over 29,000 units of red blood cells, as well as 6,500 units of plasma are required across the U.S. on a day-to-day basis. With the number of sickle cell patients growing across the region, the need for blood transfusion has surged by a significant degree over the last few years.

Browse detailed statistical insights from the report, “North America Biomedical Refrigerators and Freezers Market Forecast 2028 By Product (Plasma Freezers, Blood Bank Refrigerators, Lab Refrigerators, Lab Freezers, Ultra Low Temperature Freezers, Shock Freezers), By End-use (Blood Banks, Pharmacies, Hospitals, Research Labs, Diagnostic Centers), Research Report, Country Outlook (U.S, Canada), COVID-19 Impact Statistics, Price Trends, Historic Data, Growth Prospects, Competitive Industry Share” along with the table of contents (ToC) @

The blood bank end-user segment will witness 5% CAGR through 2028. Over the last few years, the number of road accidents and pedestrian mishaps have highlighted the importance of blood to cater to the increase in trauma surgeries. A surge in public initiatives to boost blood collection for address the increased chronic disease prevalence will expand the need for equipment across blood banks and hospital storage facilities.

Rising number of vaccine approvals across the U.S. is driving the ultra-low temperature freezers market in North America. These products are deployed across hospitals, diagnostic laboratories, and research facilities for storing tissue samples, biological materials, enzymes, and drugs. Operating at temperatures ranging from -40° to -90°, these units form a crucial part of scientific research process. Since the beginning of the COVID-19 emergency, the remarkable uptick in research activities has added significantly to the sales of fresh frozen plasma freezers.

The North American biomedical refrigerators & freezers market research report includes in-depth coverage of the industry with estimates & forecast in terms of volume in Kilotons & revenue in USD Million from 2017 to 2028, for the following segments:

North America Market, By Product

  • Plasma Freezers
  • Blood Bank Refrigerators
  • Lab Refrigerators
  • Lab Freezers
  • Ultra-Low Temperature Freezers
  • Shock Freezers

North America Market, By End-use

  • Blood Bank
  • Research Labs
  • Pharmacies
  • Hospitals
  • Diagnostic Centers
  • Others

The above information has been provided for the following countries:

  • North America
    • U.S.
    • Canada