Biomedical freezers and refrigerators are special storage equipment that is used for storing special kinds of medicines, biological samples, flammable chemicals, set at extreme temperature conditions, unlike the ordinary freezer and refrigerator, for prolonged storage use. Precise temperature conditions are required for prolonged storage of these biological samples and a reason why commercially available biomedical freezers and refrigerators are manufactured purposely to serve this temperature requirement, for instance, DNA and RNA samples must be stored at a temperature range within -70 to -80 degrees Centigrade, plasma products, blood and vaccines are effectively stored between -30 to -40 degrees Centigrade.
Blood banks, hospitals, pharmacies, diagnostic clinics, research laboratories, university laboratories, etc. are usually the main users of these biomedical refrigerators and freezers, with the blood bank sector as having the largest market share for these types of storage equipment. Because of the varied applications of biomedical freezers and refrigerators, these storage facilities are typed according to its market, such as blood bank refrigerators, laboratory refrigerators, plasma freezers, ultra low freezers, laboratory freezers, shock freezers, cryogenic refrigeration or storage system. Furthermore, factors that greatly demand for the need of biomedical freezers and refrigerators are due to the rise of need for blood transfusions, development of new vaccines, introduction of cellular therapies, custom-made medicines, rising establishment of research and development activities. The market growth of biomedical freezers and refrigerators is rapidly rising due to other visible factors that have also contributed to its market growth, such as the expansion of the healthcare industry which has included the medical-tourism sector, which, in effect, has escalated on the technological and infrastructural establishment of specialized hospitals and clinics. With the presence in the market of substandard biomedical freezers and refrigerators at a cheaper price offered by market players in other countries, this have impacted a slowdown in the growth of these storage facilities. It is important to take note that the presence in the market of cheaply-made biomedical freezers and refrigerators may contribute and affect the storage quality of highly sensitive to temperature conditions which are blood and biological samples. In order to regulate and satisfy the market for quality biomedical freezers and refrigerators, governments of each country, especially in the US, are now stepping up legislations and quality control to serve as standard requirements and basis for designing, manufacturing, testing and marketing of these types of storage facilities, putting in mind safety and performance, such that a quality certification, as part of the regulatory requirements, is required. Since there is an evident demand for these storage equipment, but how to maintain or increase its demand in the market will be greatly influenced by these factors: quality and technological aspect, competitive pricing, and effective distribution network.