Biomedical Refrigerator and Freezer Market by End-user, Product, and Geography - Forecast and Analysis 2022-2026

Published: Sep 2022 Pages: 153 SKU: IRTNTR74499

The biomedical refrigerator and freezer market share is expected to increase by USD 1.27 billion from 2021 to 2026, and the market’s growth momentum will accelerate at a CAGR of 6.04%.

This biomedical refrigerator and freezer market research report provides valuable insights on the post-COVID-19 impact on the market, which will help companies evaluate their business approaches. Furthermore, this report extensively covers the biomedical refrigerator and freezer market segmentation by end-user (blood banks, healthcare sector, pharmaceutical sector, research laboratories, and others), product (blood bank freezers and plasma freezers, lab refrigerators and freezers, ultra-low temperature freezers, and others), and geography (North America, Europe, Asia, and the Rest of the World (ROW)). The biomedical refrigerator and freezer market report also offers information on several market vendors, including Aegis Scientific, Angelantoni Industrie Srl, ARCTIKO AS, BINDER GmbH, Biomedical Solutions Inc., Bionics Scientific Technologies Pvt. Ltd., C.F. di Ciro Fiocchetti and C. s.n.c., Desmon SpA, DSI DANTECH AS, Eppendorf AG, EVERmed Srl, Haier Biomedical, Helmer Scientific Inc., Liebherr International Deutschland GmbH, Philipp Kirsch GmbH, Porkka Finland Oy, Standex International Corp., Terumo Corp., Thermo Fisher Scientific Inc., and ZHONGKE MEILING CRYOGENICS CO. LTD. among others.

What will the Biomedical Refrigerator and Freezer Market Size be During the Forecast Period?

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Biomedical Refrigerator and Freezer Market: Key Drivers, Trends, and Challenges

The presence of value-added software and hardware products is notably driving the biomedical refrigerator and freezer market growth, although factors such as compliance with medical guidelines and the declining number of blood donors may impede the market growth. Our research analysts have studied the historical data and deduced the key market drivers and the COVID-19 pandemic's impact on the biomedical refrigerator and freezer industry. The holistic analysis of the drivers will help in deducing end goals and refining marketing strategies to gain a competitive edge.

Key Biomedical Refrigerator and Freezer Market Driver

The presence of value-added software and hardware products is one of the factors driving the biomedical refrigerator and freezer market growth. Vendors in the market are striving hard to garner larger shares by offering additional software and hardware products to end-users. Moreover, the presence of software and hardware components makes it possible to cater to specific customer requirements and ensures the complete and safe documentation of temperature-related data, thus leading to the increased adoption of advanced biomedical refrigerators and freezers. Biomedical refrigerators and freezers work well in conjunction with these products, thereby pushing up their sales. Therefore, to make better and more efficient use of biomedical refrigerators and freezers, end-users will turn to software and hardware products. This, in turn, will drive market growth during the forecast period.

Key Biomedical Refrigerator and Freezer Market Trend

Emphasis on energy-efficient refrigerators is one of the key biomedical refrigerator and freezer market trends fueling the market growth. The environmental challenges for manufacturers of biomedical refrigerators and freezers have always been to minimize energy consumption while maintaining a low global warming potential. Refrigerants that are currently used need to have an ozone-depleting potential of zero, a minimum global warming potential, and be non-toxic as well as inflammable. It is extremely difficult to meet all these requirements while still maintaining stable temperature control. In view of this, manufacturers are looking for technologies that allow them to maximize efficiency, reliability, and temperature uniformity and, at the same time, minimize released heat and energy consumption. The use of secondary compressors for cascading compressor configuration is one of the methods recently introduced to meet this goal.

Key Biomedical Refrigerator and Freezer Market Challenge

Compliance with medical guidelines and a declining number of blood donors are one of the key factors challenging the biomedical refrigerator and freezer market growth. Patients receiving treatment for blood disorders, leukemia, and undergoing organ transplants and heart surgeries depend on the availability of blood and platelets to a large extent. However, sometimes, the blood donated by existing donors does not match the blood transfusion requirements because of the need for compliance with medical guidelines. Moreover, regular donations are crucial to improving and saving the lives of people with blood disorders. However, factors such as the lack of interest, inadequate knowledge regarding the benefits of blood donation, blood drive locations and schedules, and time constraints related to work are leading to a decrease in the number of blood donations. These factors are expected to hinder blood banks, a key end-user segment in the market, from opting for biomedical refrigerators and freezers and thereby hamper the market growth during the forecast period.

This biomedical refrigerator and freezer market analysis report also provides detailed information on other upcoming trends and challenges that will have a far-reaching effect on the market growth. The actionable insights on the trends and challenges will help companies evaluate and develop growth strategies for 2022-2026.

Parent Market Analysis

Technavio categorizes the global biomedical refrigerator and freezer market as a part of the global life science tools and services market. Our research report has extensively covered external factors influencing the parent market growth potential in the coming years, which will determine the levels of growth of the biomedical refrigerator and freezer market during the forecast period.

Who are the Major Biomedical Refrigerator and Freezer Market Vendors?

The report analyzes the market’s competitive landscape and offers information on several market vendors, including:

 

  • Aegis Scientific
  • Angelantoni Industrie Srl
  • ARCTIKO AS
  • BINDER GmbH
  • Biomedical Solutions Inc.
  • Bionics Scientific Technologies Pvt. Ltd.
  • C.F. di Ciro Fiocchetti and C. s.n.c.
  • Desmon SpA
  • DSI DANTECH AS
  • Eppendorf AG
  • EVERmed Srl
  • Haier Biomedical
  • Helmer Scientific Inc.
  • Liebherr International Deutschland GmbH
  • Philipp Kirsch GmbH
  • Porkka Finland Oy
  • Standex International Corp.
  • Terumo Corp.
  • Thermo Fisher Scientific Inc.
  • ZHONGKE MEILING CRYOGENICS CO. LTD.

 

This statistical study of the biomedical refrigerator and freezer market encompasses successful business strategies deployed by the key vendors. The biomedical refrigerator and freezer market is fragmented, and the vendors are deploying growth strategies such as design, quality, pricing, and product differentiation to compete in the market.

Product Insights and News

  • thermofisher.com - The company offers biomedical refrigerators and freezers such as TSG Series refrigerators and the high-performance FMS Series of refrigerators.

To make the most of the opportunities and recover from the post-COVID-19 impact, market vendors should focus more on the growth prospects in the fast-growing segments while maintaining their positions in the slow-growing segments.

The vendor profiles are designed to help clients improve their market position and information on production and sustainability along with this the report provides a detailed analysis of several leading Companies.

Biomedical Refrigerator and Freezer Market Value Chain Analysis

Our In-house experts produce extensive information on the value chain and parent market of the biomedical refrigerator and freezer market, which vendors can leverage to gain a competitive advantage during the forecast period. The Value Chain information provides an end-to-end understanding of product insight and profit and also optimization and evaluation of business strategies The players across the value chain includes selective data and analysis from entire research findings as per the scope of the report.

Which are the Key Regions for Biomedical Refrigerator and Freezer Market?

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42% of the market’s growth will originate from North America during the forecast period. The US is the key market for the biomedical refrigerator and freezer market in North America. Market growth in this region will be faster than the growth of the market in Europe.

The increasing focus of manufacturers on providing a complete portfolio of refrigerator solutions, including biomedical refrigerators and freezers, to hospitals and diagnostic centers will facilitate the biomedical refrigerator and freezer market's growth in North America over the forecast period. This market research report entails detailed information on the competitive intelligence, marketing gaps, and regional opportunities in store for vendors, which will assist in creating efficient business plans.

COVID-19 Impact and Recovery Analysis

The outbreak of COVID-19 had a negative impact on the regional market. However, in April 2020, the US FDA issued guidelines for immediate implementation to address the urgent need for blood and blood components. This increased the number of blood donation drives, which are a crucial part of maintaining overall public health, and, in turn, will drive the growth of the market during the forecast period.

What are the Revenue-generating End-user Segments in the Biomedical Refrigerator and Freezer Market?

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The biomedical refrigerator and freezer market share growth in the blood banks segment will be significant during the forecast period. Blood bank refrigerators are critical for the efficient storage and management of blood and blood products. Over the last few years, blood bank refrigerators have evolved in terms of their construction, safety, storage requirements, and performance. They are available in several sizes, depending on the energy use, and are designed so that they can provide services even in remote locations with a limited power supply. These factors will boost the segment's growth in the near future.

This report provides an accurate prediction of the contribution of all the segments to the growth of the biomedical refrigerator and freezer market size and actionable market insights on the post-COVID-19 impact on each segment.

 

Biomedical Refrigerator and Freezer Market Scope

Report Coverage

Details

Page number

120

Base year

2021

Forecast period

2022-2026

Growth momentum & CAGR

Accelerate at a CAGR of 6.04%

Market growth 2022-2026

$1.27 billion

Market structure

Fragmented

YoY growth (%)

5.58

Regional analysis

North America, Europe, Asia, and the Rest of the World (ROW)

Performing market contribution

North America at 42%

Key consumer countries

US, Germany, UK, France, and China

Competitive landscape

Leading companies, Competitive Strategies, Consumer engagement scope

Key companies profiled

Aegis Scientific, Angelantoni Industrie Srl, ARCTIKO AS, BINDER GmbH, Biomedical Solutions Inc., Bionics Scientific Technologies Pvt. Ltd., C.F. di Ciro Fiocchetti and C. s.n.c., Desmon SpA, DSI DANTECH AS, Eppendorf AG, EVERmed Srl, Haier Biomedical, Helmer Scientific Inc., Liebherr International Deutschland GmbH, Philipp Kirsch GmbH, Porkka Finland Oy, Standex International Corp., Terumo Corp., Thermo Fisher Scientific Inc., and ZHONGKE MEILING CRYOGENICS CO. LTD.

Market dynamics

Parent market analysis, Market growth inducers and obstacles, Fast-growing and slow-growing segment analysis, COVID-19 impact and recovery analysis and future consumer dynamics, and Market condition analysis for the forecast period.

Customization purview

If our report has not included the data that you are looking for, you can reach out to our analysts and get segments customized.

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What are the Key Data Covered in this Biomedical Refrigerator and Freezer Market Report?

  • CAGR of the market during the forecast period 2022-2026
  • Detailed information on factors that will drive biomedical refrigerator and freezer market growth during the next five years
  • Precise estimation of the biomedical refrigerator and freezer market size and its contribution to the parent market
  • Accurate predictions on upcoming trends and changes in consumer behavior
  • The growth of the biomedical refrigerator and freezer industry across North America, Europe, Asia, and the Rest of the World (ROW)
  • A thorough analysis of the market’s competitive landscape and detailed information on vendors
  • Comprehensive details of factors that will challenge the growth of biomedical refrigerator and freezer market vendors

We can help! Our analysts can customize this report to meet your requirements. Get in touch

1 Executive Summary

  • 1.1 Market overview
    • Exhibit 01: Executive Summary – Chart on Market Overview
    • Exhibit 02: Executive Summary – Data Table on Market Overview
    • Exhibit 03: Executive Summary – Chart on Global Market Characteristics
    • Exhibit 04: Executive Summary – Chart on Market by Geography
    • Exhibit 05: Executive Summary – Chart on Market Segmentation by End-user
    • Exhibit 06: Executive Summary – Chart on Market Segmentation by Product
    • Exhibit 07: Executive Summary – Chart on Incremental Growth
    • Exhibit 08: Executive Summary – Data Table on Incremental Growth
    • Exhibit 09: Executive Summary – Chart on Vendor Market Positioning

2 Market Landscape

  • 2.1 Market ecosystem
    • Exhibit 10: Parent market
    • Exhibit 11: Market Characteristics

3 Market Sizing

  • 3.1 Market definition
    • Exhibit 12: Offerings of vendors included in the market definition
  • 3.2 Market segment analysis
    • Exhibit 13: Market segments
  • 3.3 Market size 2021
    • 3.4 Market outlook: Forecast for 2021-2026
      • Exhibit 14: Chart on Global - Market size and forecast 2021-2026 ($ million)
      • Exhibit 15: Data Table on Global - Market size and forecast 2021-2026 ($ million)
      • Exhibit 16: Chart on Global Market: Year-over-year growth 2021-2026 (%)
      • Exhibit 17: Data Table on Global Market: Year-over-year growth 2021-2026 (%)

    4 Five Forces Analysis

    • 4.1 Five forces summary
      • Exhibit 18: Five forces analysis - Comparison between 2021 and 2026
    • 4.2 Bargaining power of buyers
      • Exhibit 19: Chart on Bargaining power of buyers – Impact of key factors 2021 and 2026
    • 4.3 Bargaining power of suppliers
      • Exhibit 20: Bargaining power of suppliers – Impact of key factors in 2021 and 2026
    • 4.4 Threat of new entrants
      • Exhibit 21: Threat of new entrants – Impact of key factors in 2021 and 2026
    • 4.5 Threat of substitutes
      • Exhibit 22: Threat of substitutes – Impact of key factors in 2021 and 2026
    • 4.6 Threat of rivalry
      • Exhibit 23: Threat of rivalry – Impact of key factors in 2021 and 2026
    • 4.7 Market condition
      • Exhibit 24: Chart on Market condition - Five forces 2021 and 2026

    5 Market Segmentation by End-user

    • 5.1 Market segments
      • Exhibit 25: Chart on End-user - Market share 2021-2026 (%)
      • Exhibit 26: Data Table on End-user - Market share 2021-2026 (%)
    • 5.2 Comparison by End-user
      • Exhibit 27: Chart on Comparison by End-user
      • Exhibit 28: Data Table on Comparison by End-user
    • 5.3 Blood banks - Market size and forecast 2021-2026
      • Exhibit 29: Chart on Blood banks - Market size and forecast 2021-2026 ($ million)
      • Exhibit 30: Data Table on Blood banks - Market size and forecast 2021-2026 ($ million)
      • Exhibit 31: Chart on Blood banks - Year-over-year growth 2021-2026 (%)
      • Exhibit 32: Data Table on Blood banks - Year-over-year growth 2021-2026 (%)
    • 5.4 Healthcare sector - Market size and forecast 2021-2026
      • Exhibit 33: Chart on Healthcare sector - Market size and forecast 2021-2026 ($ million)
      • Exhibit 34: Data Table on Healthcare sector - Market size and forecast 2021-2026 ($ million)
      • Exhibit 35: Chart on Healthcare sector - Year-over-year growth 2021-2026 (%)
      • Exhibit 36: Data Table on Healthcare sector - Year-over-year growth 2021-2026 (%)
    • 5.5 Pharmaceutical sector - Market size and forecast 2021-2026
      • Exhibit 37: Chart on Pharmaceutical sector - Market size and forecast 2021-2026 ($ million)
      • Exhibit 38: Data Table on Pharmaceutical sector - Market size and forecast 2021-2026 ($ million)
      • Exhibit 39: Chart on Pharmaceutical sector - Year-over-year growth 2021-2026 (%)
      • Exhibit 40: Data Table on Pharmaceutical sector - Year-over-year growth 2021-2026 (%)
    • 5.6 Research laboratories - Market size and forecast 2021-2026
      • Exhibit 41: Chart on Research laboratories - Market size and forecast 2021-2026 ($ million)
      • Exhibit 42: Data Table on Research laboratories - Market size and forecast 2021-2026 ($ million)
      • Exhibit 43: Chart on Research laboratories - Year-over-year growth 2021-2026 (%)
      • Exhibit 44: Data Table on Research laboratories - Year-over-year growth 2021-2026 (%)
    • 5.7 Others - Market size and forecast 2021-2026
      • Exhibit 45: Chart on Others - Market size and forecast 2021-2026 ($ million)
      • Exhibit 46: Data Table on Others - Market size and forecast 2021-2026 ($ million)
      • Exhibit 47: Chart on Others - Year-over-year growth 2021-2026 (%)
      • Exhibit 48: Data Table on Others - Year-over-year growth 2021-2026 (%)
    • 5.8 Market opportunity by End-user
      • Exhibit 49: Market opportunity by End-user ($ million)

    6 Market Segmentation by Product

    • 6.1 Market segments
      • Exhibit 50: Chart on Product - Market share 2021-2026 (%)
      • Exhibit 51: Data Table on Product - Market share 2021-2026 (%)
    • 6.2 Comparison by Product
      • Exhibit 52: Chart on Comparison by Product
      • Exhibit 53: Data Table on Comparison by Product
    • 6.3 Blood bank freezers and plasma freezers - Market size and forecast 2021-2026
      • Exhibit 54: Chart on Blood bank freezers and plasma freezers - Market size and forecast 2021-2026 ($ million)
      • Exhibit 55: Data Table on Blood bank freezers and plasma freezers - Market size and forecast 2021-2026 ($ million)
      • Exhibit 56: Chart on Blood bank freezers and plasma freezers - Year-over-year growth 2021-2026 (%)
      • Exhibit 57: Data Table on Blood bank freezers and plasma freezers - Year-over-year growth 2021-2026 (%)
    • 6.4 Lab refrigerators and freezers - Market size and forecast 2021-2026
      • Exhibit 58: Chart on Lab refrigerators and freezers - Market size and forecast 2021-2026 ($ million)
      • Exhibit 59: Data Table on Lab refrigerators and freezers - Market size and forecast 2021-2026 ($ million)
      • Exhibit 60: Chart on Lab refrigerators and freezers - Year-over-year growth 2021-2026 (%)
      • Exhibit 61: Data Table on Lab refrigerators and freezers - Year-over-year growth 2021-2026 (%)
    • 6.5 Ultra low temperature freezers - Market size and forecast 2021-2026
      • Exhibit 62: Chart on Ultra low temperature freezers - Market size and forecast 2021-2026 ($ million)
      • Exhibit 63: Data Table on Ultra low temperature freezers - Market size and forecast 2021-2026 ($ million)
      • Exhibit 64: Chart on Ultra low temperature freezers - Year-over-year growth 2021-2026 (%)
      • Exhibit 65: Data Table on Ultra low temperature freezers - Year-over-year growth 2021-2026 (%)
    • 6.6 Others - Market size and forecast 2021-2026
      • Exhibit 66: Chart on Others - Market size and forecast 2021-2026 ($ million)
      • Exhibit 67: Data Table on Others - Market size and forecast 2021-2026 ($ million)
      • Exhibit 68: Chart on Others - Year-over-year growth 2021-2026 (%)
      • Exhibit 69: Data Table on Others - Year-over-year growth 2021-2026 (%)
    • 6.7 Market opportunity by Product
      • Exhibit 70: Market opportunity by Product ($ million)

    7 Customer Landscape

    • 7.1 Customer landscape overview
      • Exhibit 71: Analysis of price sensitivity, lifecycle, customer purchase basket, adoption rates, and purchase criteria

    8 Geographic Landscape

    • 8.1 Geographic segmentation
      • Exhibit 72: Chart on Market share by geography 2021-2026 (%)
      • Exhibit 73: Data Table on Market share by geography 2021-2026 (%)
    • 8.2 Geographic comparison
      • Exhibit 74: Chart on Geographic comparison
      • Exhibit 75: Data Table on Geographic comparison
    • 8.3 North America - Market size and forecast 2021-2026
      • Exhibit 76: Chart on North America - Market size and forecast 2021-2026 ($ million)
      • Exhibit 77: Data Table on North America - Market size and forecast 2021-2026 ($ million)
      • Exhibit 78: Chart on North America - Year-over-year growth 2021-2026 (%)
      • Exhibit 79: Data Table on North America - Year-over-year growth 2021-2026 (%)
    • 8.4 Europe - Market size and forecast 2021-2026
      • Exhibit 80: Chart on Europe - Market size and forecast 2021-2026 ($ million)
      • Exhibit 81: Data Table on Europe - Market size and forecast 2021-2026 ($ million)
      • Exhibit 82: Chart on Europe - Year-over-year growth 2021-2026 (%)
      • Exhibit 83: Data Table on Europe - Year-over-year growth 2021-2026 (%)
    • 8.5 Asia - Market size and forecast 2021-2026
      • Exhibit 84: Chart on Asia - Market size and forecast 2021-2026 ($ million)
      • Exhibit 85: Data Table on Asia - Market size and forecast 2021-2026 ($ million)
      • Exhibit 86: Chart on Asia - Year-over-year growth 2021-2026 (%)
      • Exhibit 87: Data Table on Asia - Year-over-year growth 2021-2026 (%)
    • 8.6 Rest of World (ROW) - Market size and forecast 2021-2026
      • Exhibit 88: Chart on Rest of World (ROW) - Market size and forecast 2021-2026 ($ million)
      • Exhibit 89: Data Table on Rest of World (ROW) - Market size and forecast 2021-2026 ($ million)
      • Exhibit 90: Chart on Rest of World (ROW) - Year-over-year growth 2021-2026 (%)
      • Exhibit 91: Data Table on Rest of World (ROW) - Year-over-year growth 2021-2026 (%)
    • 8.7 US - Market size and forecast 2021-2026
      • Exhibit 92: Chart on US - Market size and forecast 2021-2026 ($ million)
      • Exhibit 93: Data Table on US - Market size and forecast 2021-2026 ($ million)
      • Exhibit 94: Chart on US - Year-over-year growth 2021-2026 (%)
      • Exhibit 95: Data Table on US - Year-over-year growth 2021-2026 (%)
    • 8.8 China - Market size and forecast 2021-2026
      • Exhibit 96: Chart on China - Market size and forecast 2021-2026 ($ million)
      • Exhibit 97: Data Table on China - Market size and forecast 2021-2026 ($ million)
      • Exhibit 98: Chart on China - Year-over-year growth 2021-2026 (%)
      • Exhibit 99: Data Table on China - Year-over-year growth 2021-2026 (%)
    • 8.9 Germany - Market size and forecast 2021-2026
      • Exhibit 100: Chart on Germany - Market size and forecast 2021-2026 ($ million)
      • Exhibit 101: Data Table on Germany - Market size and forecast 2021-2026 ($ million)
      • Exhibit 102: Chart on Germany - Year-over-year growth 2021-2026 (%)
      • Exhibit 103: Data Table on Germany - Year-over-year growth 2021-2026 (%)
    • 8.10 UK - Market size and forecast 2021-2026
      • Exhibit 104: Chart on UK - Market size and forecast 2021-2026 ($ million)
      • Exhibit 105: Data Table on UK - Market size and forecast 2021-2026 ($ million)
      • Exhibit 106: Chart on UK - Year-over-year growth 2021-2026 (%)
      • Exhibit 107: Data Table on UK - Year-over-year growth 2021-2026 (%)
    • 8.11 France - Market size and forecast 2021-2026
      • Exhibit 108: Chart on France - Market size and forecast 2021-2026 ($ million)
      • Exhibit 109: Data Table on France - Market size and forecast 2021-2026 ($ million)
      • Exhibit 110: Chart on France - Year-over-year growth 2021-2026 (%)
      • Exhibit 111: Data Table on France - Year-over-year growth 2021-2026 (%)
    • 8.12 Market opportunity by geography
      • Exhibit 112: Market opportunity by geography ($ million)

    9 Drivers, Challenges, and Trends

    • 9.1 Market drivers
      • 9.2 Market challenges
        • 9.3 Impact of drivers and challenges
          • Exhibit 113: Impact of drivers and challenges in 2021 and 2026
        • 9.4 Market trends

          10 Vendor Landscape

          • 10.1 Overview
            • 10.2 Vendor landscape
              • Exhibit 114: Overview on Criticality of inputs and Factors of differentiation
            • 10.3 Landscape disruption
              • Exhibit 115: Overview on factors of disruption
            • 10.4 Industry risks
              • Exhibit 116: Impact of key risks on business

            11 Vendor Analysis

            • 11.1 Vendors covered
              • Exhibit 117: Vendors covered
            • 11.2 Market positioning of vendors
              • Exhibit 118: Matrix on vendor position and classification
            • 11.3 Aegis Scientific
              • Exhibit 119: Aegis Scientific - Overview
              • Exhibit 120: Aegis Scientific - Product / Service
              • Exhibit 121: Aegis Scientific - Key offerings
            • 11.4 Angelantoni Industrie Srl
              • Exhibit 122: Angelantoni Industrie Srl - Overview
              • Exhibit 123: Angelantoni Industrie Srl - Product / Service
              • Exhibit 124: Angelantoni Industrie Srl - Key offerings
            • 11.5 Biomedical Solutions Inc.
              • Exhibit 125: Biomedical Solutions Inc. - Overview
              • Exhibit 126: Biomedical Solutions Inc. - Product / Service
              • Exhibit 127: Biomedical Solutions Inc. - Key offerings
            • 11.6 Bionics Scientific Technologies Pvt. Ltd.
              • Exhibit 128: Bionics Scientific Technologies Pvt. Ltd. - Overview
              • Exhibit 129: Bionics Scientific Technologies Pvt. Ltd. - Product / Service
              • Exhibit 130: Bionics Scientific Technologies Pvt. Ltd. - Key offerings
            • 11.7 Desmon SpA
              • Exhibit 131: Desmon SpA - Overview
              • Exhibit 132: Desmon SpA - Product / Service
              • Exhibit 133: Desmon SpA - Key offerings
            • 11.8 Eppendorf AG
              • Exhibit 134: Eppendorf AG - Overview
              • Exhibit 135: Eppendorf AG - Product / Service
              • Exhibit 136: Eppendorf AG - Key news
              • Exhibit 137: Eppendorf AG - Key offerings
            • 11.9 Haier Biomedical
              • Exhibit 138: Haier Biomedical - Overview
              • Exhibit 139: Haier Biomedical - Product / Service
              • Exhibit 140: Haier Biomedical - Key offerings
            • 11.10 Helmer Scientific Inc.
              • Exhibit 141: Helmer Scientific Inc. - Overview
              • Exhibit 142: Helmer Scientific Inc. - Product / Service
              • Exhibit 143: Helmer Scientific Inc. - Key offerings
            • 11.11 Philipp Kirsch GmbH
              • Exhibit 144: Philipp Kirsch GmbH - Overview
              • Exhibit 145: Philipp Kirsch GmbH - Product / Service
              • Exhibit 146: Philipp Kirsch GmbH - Key offerings
            • 11.12 Thermo Fisher Scientific Inc.
              • Exhibit 147: Thermo Fisher Scientific Inc. - Overview
              • Exhibit 148: Thermo Fisher Scientific Inc. - Business segments
              • Exhibit 149: Thermo Fisher Scientific Inc. - Key news
              • Exhibit 150: Thermo Fisher Scientific Inc. - Key offerings
              • Exhibit 151: Thermo Fisher Scientific Inc. - Segment focus

            12 Appendix

            • 12.1 Scope of the report
              • 12.2 Inclusions and exclusions checklist
                • Exhibit 152: Inclusions checklist
                • Exhibit 153: Exclusions checklist
              • 12.3 Currency conversion rates for US$
                • Exhibit 154: Currency conversion rates for US$
              • 12.4 Research methodology
                • Exhibit 155: Research methodology
                • Exhibit 156: Validation techniques employed for market sizing
                • Exhibit 157: Information sources
              • 12.5 List of abbreviations
                • Exhibit 158: List of abbreviations
              • growth due to the increasing number of tests for infectious and chronic diseases: The incidence of infectious and chronic diseases has increased over the past decade. The outbreak of the COVID-19 pandemic in 2020 has increased the demand for laboratory testing for COVID-19 across the world. An increase in demand for laboratory testing for infectious diseases, such as COVID-19 and chronic diseases, will be a driver for the life sciences tools and services industry in the future. The growth of the tools and services industry will continue to be strong in emerging markets such as China and India. Developed economies such as Japan and the EU will exhibit moderate growth rates.
                • product development to decrease prices: As the pricing pressure increases, life sciences tools manufacturers will have to rethink product development processes. A value first product design philosophy can help control costs and deliver what customers value the most.

                  Research Framework

                  Technavio presents a detailed picture of the market by way of study, synthesis, and summation of data from multiple sources. The analysts have presented the various facets of the market with a particular focus on identifying the key industry influencers. The data thus presented is comprehensive, reliable, and the result of extensive research, both primary and secondary.

                  INFORMATION SOURCES

                  Primary sources

                  • Manufacturers and suppliers
                  • Channel partners
                  • Industry experts
                  • Strategic decision makers

                  Secondary sources

                  • Industry journals and periodicals
                  • Government data
                  • Financial reports of key industry players
                  • Historical data
                  • Press releases

                  DATA ANALYSIS

                  Data Synthesis

                  • Collation of data
                  • Estimation of key figures
                  • Analysis of derived insights

                  Data Validation

                  • Triangulation with data models
                  • Reference against proprietary databases
                  • Corroboration with industry experts

                  REPORT WRITING

                  Qualitative

                  • Market drivers
                  • Market challenges
                  • Market trends
                  • Five forces analysis

                  Quantitative

                  • Market size and forecast
                  • Market segmentation
                  • Geographical insights
                  • Competitive landscape

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                  Key Questions Answered

                  • What are the key global market and the regional market share?
                  • What are the revenue-generating key market segments?
                  • What are the key factors driving and challenging this market’s growth?
                  • Who are the key market vendors and their growth strategies?
                  • What are the latest trends influencing the growth of this market?
                  • What are the variables influencing the market growth in the primary regions?
                  • What are the factors influencing the growth of the parent market?

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