Plasma freezers are designed to maintain temperatures in the range of -30°C to -40°C. These freezers are used in blood banks, research institutes, pharmacies, and hospital plasma freezers for the storage of plasma products, whole blood, vaccines, and test samples. The plasma freezers market is anticipated to dominate the biomedical freezers industry during the forecast period. This is primarily attributed to the increase in number of apheresis procedures and rise in demand for the storage of fresh frozen plasma (FFP). According to the American Society for Apheresis (ASFA), plasma exchange is the most common apheresis procedure in the U.S. In addition, many key players are offering varieties of plasma freezers to customers. For example, Labcold offers various certified plasma freezers (in accordance with European Union Directive 93/42/EEC) such as Bench Top RVPF0234MD, Floor Standing RVPF0734MD, Freestanding RVPF1334MD, and Free Standing RVPF2134MD. This is expected to boost use of plasma freezers by end-users such as blood banks and hospitals, driving the plasma freezers market.
Technological advancements have brought about a paradigm shift from the usage of traditional equipment to advanced technology-based equipment that offer efficient energy consumption. Plasma freezers with new technologies effectively reduce energy consumption, prevent crystallization, and minimize uneven temperature distribution. Companies such as Thermo Fisher Scientific, Eppendorf AG, Philipp Kirsch GmbH, and Panasonic Biomedical are engaged in the development of technologically advanced biomedical refrigerators and freezers. For example, in September 2013, Panasonic Biomedical introduced new cost-efficient -30?C freezers featuring inverter technology. This new technology helps in reducing energy consumption and enhances temperature stability within the chamber. Introduction of these new technologies is expected to result in high adoption rates, which, in turn, is anticipated to drive the market during the forecast period. Manufacturers are now channelizing their funds into research and development in order to introduce cost-effective and sophisticated refrigerators and freezers. For instance, in 2013, Thermo Fisher Scientific invested around US$ 396 Mn (up US$ 20 Mn as compared to 2012) in research and development to introduce innovative products. Increase in research and development activities by key companies is likely to lead to the introduction of new technologies in the near future. These factors are likely to increase acceptance and adoption of biomedical refrigerators and freezers, thereby driving the expansion of the plasma freezers market.
The global plasma freezers market can be segmented based on type, end-user, and geography. Based on type, the plasma freezers market can be divided into upright, built-in, and chest plasma freezers. In terms of end-user, the plasma freezers market can be categorized into hospitals, research laboratories, pharmacies, diagnostic centers, blood banks, and others. Laboratory refrigerators and laboratory freezers are widely used in hospital settings to preserve pharmaceutical drugs, medical supplies, and biological samples. This is projected to propel the global plasma freezers market.
In terms of geography, the plasma freezers market can be segmented into North America, Europe, Asia Pacific, Latin America, and Middle East & Africa. North America and Europe are expected to hold a major share of the global plasma freezers market during the forecast period owing to highly developed health care infrastructure, presence of a large number of R&D institutes, and high adoption rate of advanced technologies. The market in Asia Pacific and Latin America is are expected to expand in the future due to rise in health care spending and improving health care infrastructure. Major players in the global plasma freezers market include Thermo Fisher Scientific Inc., Panasonic Healthcare Co. Ltd., Eppendorf AG, Philipp Kirsch GmbH, Haier Biomedical, and Helmer Scientificetc.
This study by TMR is all-encompassing framework of the dynamics of the market. It mainly comprises critical assessment of consumers' or customers' journeys, current and emerging avenues, and strategic framework to enable CXOs take effective decisions.
Our key underpinning is the 4-Quadrant Framework EIRS that offers detailed visualization of four elements:
- Customer Experience Maps
- Insights and Tools based on data-driven research
- Actionable Results to meet all the business priorities
- Strategic Frameworks to boost the growth journey
The study strives to evaluate the current and future growth prospects, untapped avenues, factors shaping their revenue potential, and demand and consumption patterns in the global market by breaking it into region-wise assessment.
The following regional segments are covered comprehensively:
- North America
- Asia Pacific
- Latin America
- The Middle East and Africa
The EIRS quadrant framework in the report sums up our wide spectrum of data-driven research and advisory for CXOs to help them make better decisions for their businesses and stay as leaders.
Below is a snapshot of these quadrants.
1. Customer Experience Map
The study offers an in-depth assessment of various customers’ journeys pertinent to the market and its segments. It offers various customer impressions about the products and service use. The analysis takes a closer look at their pain points and fears across various customer touchpoints. The consultation and business intelligence solutions will help interested stakeholders, including CXOs, define customer experience maps tailored to their needs. This will help them aim at boosting customer engagement with their brands.
2. Insights and Tools
The various insights in the study are based on elaborate cycles of primary and secondary research the analysts engage with during the course of research. The analysts and expert advisors at TMR adopt industry-wide, quantitative customer insights tools and market projection methodologies to arrive at results, which makes them reliable. The study not just offers estimations and projections, but also an uncluttered evaluation of these figures on the market dynamics. These insights merge data-driven research framework with qualitative consultations for business owners, CXOs, policy makers, and investors. The insights will also help their customers overcome their fears.
3. Actionable Results
The findings presented in this study by TMR are an indispensable guide for meeting all business priorities, including mission-critical ones. The results when implemented have shown tangible benefits to business stakeholders and industry entities to boost their performance. The results are tailored to fit the individual strategic framework. The study also illustrates some of the recent case studies on solving various problems by companies they faced in their consolidation journey.
4. Strategic Frameworks
The study equips businesses and anyone interested in the market to frame broad strategic frameworks. This has become more important than ever, given the current uncertainty due to COVID-19. The study deliberates on consultations to overcome various such past disruptions and foresees new ones to boost the preparedness. The frameworks help businesses plan their strategic alignments for recovery from such disruptive trends. Further, analysts at TMR helps you break down the complex scenario and bring resiliency in uncertain times.
The report sheds light on various aspects and answers pertinent questions on the market. Some of the important ones are:
1. What can be the best investment choices for venturing into new product and service lines?
2. What value propositions should businesses aim at while making new research and development funding?
3. Which regulations will be most helpful for stakeholders to boost their supply chain network?
4. Which regions might see the demand maturing in certain segments in near future?
5. What are the some of the best cost optimization strategies with vendors that some well-entrenched players have gained success with?
6. Which are the key perspectives that the C-suite are leveraging to move businesses to new growth trajectory?
7. Which government regulations might challenge the status of key regional markets?
8. How will the emerging political and economic scenario affect opportunities in key growth areas?
9. What are some of the value-grab opportunities in various segments?
10. What will be the barrier to entry for new players in the market?
Note: Although care has been taken to maintain the highest levels of accuracy in TMR’s reports, recent market/vendor-specific changes may take time to reflect in the analysis.