There are biological samples such as biological reagents, blood and blood derivatives, vaccines DNA, special medicines, and even flammable chemicals that cannot be adequately stored in ordinary refrigerators and freezers due to their extreme temperature condition requirements for these substances to be of use at their optimum condition; therefore, biomedical freezers and refrigerators have been designed to meet this specific need. For effective storage, commercial biomedical freezers and refrigerators are produced according to where they are to be applied, like, 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.
The market for biomedical freezers and refrigerators are so varied such that they are in demand in the following areas: blood banks, hospitals, pharmacies, diagnostic clinics, research laboratories, university laboratories, etc., and, among these, the blood banks have a greater market share of need for these storage facilities. Due to the segmented market that demands for biomedical refrigerators and freezers, these storage facilities have been typed according to its market use, such as blood bank refrigerators, laboratory refrigerators, plasma freezers, ultra low freezers, laboratory freezers, shock freezers, cryogenic refrigeration or storage system. There are significant factors playing up in the market which have caused for more production of biomedical freezers and refrigerators and they are – increase demand for blood transfusions, creation of new vaccines, increase demand for cellular therapies, specialized medicines, and more research and development activities being established lately. In addition to the mentioned factors, in a general overview, the business market for biomedical freezers and refrigerators has taken on an upsurge growth due to the expansion of the healthcare industry which has included the medical-tourism sector, and which has prompted for the the technological and infrastructural establishment of specialized hospitals and clinics. On the other hand, the presence of cheaply-made biomedical freezers and refrigerators offered by market players in other countries at a cheaper price may have contributed a constraint in its steady growth. 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. Stringent legislations are now being established to serve as standards in the designing, manufacturing, testing, and marketing of these types of biomedical freezers and refrigerators with emphasis on safety and performance, thus requiring quality certification of these products. 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.