Global Plasma Freezer Market 2017-2021

Overview of the global plasma freezer market

Technavio’s market research analyst predicts the global plasma freezer market to grow steadily at a CAGR of around 4% by 2021. One of the primary drivers for this market is the rapidly growing demand for the blood banks. With the evolution of modern healthcare systems, increase in life expectancy, and a higher incidence of diseases, the need for whole blood and blood derivatives is growing. On a daily basis, blood banks witness a huge inflow of blood units from blood donations and outflow of blood units to hospitals and others, necessitating the proper need for cold storage solutions such as plasma freezers. Also, the evolution of medical practices and increased sophistication of surgical and medical procedures have intensified the need for the availability of blood on standby. This has increased the demand for blood transfusions and blood products. This increase in demand, will, in turn, propel growth in the global plasma freezer market during the forecast period.

One of the latest trends gaining traction in this market is the rising emphasis on energy efficient plasma freezers. The environmental challenge for plasma freezer manufacturers has always been to minimize energy consumption while maintaining a low global warming potential. Freezers used currently are required to have minimum global warming potential, an ozone depleting potential of zero, and be non-toxic as well as inflammable. This has compelled the manufacturers to develop technologies to maximize reliability, temperature uniformity and efficiency while minimizing the released heat and energy consumption. This high adoption of environment friendly plasma freezers will propel the growth of the global plasma freezer market during the forecast period. 

Competitive landscape and key vendors

The global plasma freezer market is moderately consolidated by the presence of large and small-sized players. To gain a competitive advantage, players are entering into strategic alliances and mergers. International players increase their footprint in the market with their huge infrastructure and R&D support; this has made it difficult for regional vendors to compete in terms of quality, technology, and pricing.  

Leading vendors in the market are –

• Helmer Scientific
• Biomedical Solutions
• Thermo Fisher Scientific
• Haier Biomedical
• Eppendorf

Other prominent vendors in the plasma freezer market include ARCTIKO, EVERmed, Panasonic Healthcare, and Philipp Kirsch.

Segmentation by end-users and analysis of the plasma freezer market

• Research laboratories and institutions
• Hospitals
• Stand-alone blood banks

During 2016, the stand-alone blood banks dominated the plasma freezer market and accounted for a major part of the overall market share. Increasing requirement of blood transfusion in surgeries for accidents and diseases is the key contributor to the dominance of this segment in the plasma freezer market. Blood banks store and monitor the bloodstock until its consumption requirement arises at diagnostic centers and hospitals.

Geographical segmentation and analysis of the plasma freezer market

• Americas
• APAC
• EMEA

In this market study, analysts have estimated the Americas to dominate the plasma freezer market during the forecast period. The presence of well-established hospitals and blood centers, enabling people affected with diseases to access advanced treatments easily has played a crucial role in the growth of the plasma freezer market in the Americas.

Key questions answered in the report include

• What will the market size and the growth rate be in 2021?
• What are the key factors driving the global plasma freezer market?
• What are the key market trends impacting the growth of the global plasma freezer market?
• What are the challenges to market growth?
• Who are the key vendors in the global plasma freezer market?
• What are the market opportunities and threats faced by the vendors in the global plasma freezer market?
• Trending factors influencing the market shares of the Americas, APAC, and EMEA.
• What are the key outcomes of the five forces analysis of the global plasma freezer market?

Technavio also offers customization on reports based on specific client requirement.

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