Unlike the simple freezer and refrigerator, biomedical freezers and refrigerators are specifically designed to store special kinds of medicines, biological samples (such as biological reagents, blood and blood derivatives, vaccines DNA), flammable chemicals, at farthest temperature conditions below freezing point for a long period of time. The commercial applications of biomedical freezers and refrigerators are purposely varied in order to effectively store biological samples for long periods, examples of which are plasma products, blood and vaccines must be stored at temperature conditions between-30 to -40 degrees Centigrade, DNA and RNA samples must be stored at a temperature range within -70 to -80 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. 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. The danger of these kinds of substandard biomedical freezers and refrigerators is that it may contribute to the risk of improper storage of blood samples and other important biological samples due to the fact that the quality of storage temperature conditions may not be properly maintained. 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. For these storage facilities to maintain its demand, if not further grow, in the market, the following factors are noted to be the prime reasons for its success – quality and technological factor, product pricing with its competitors, and effective distribution network.