LONDON--(EON: Enhanced Online News)--Technavio’s latest report on the global plasma freezer market provides an analysis on the most important trends expected to impact the market outlook from 2017-2021. Technavio defines an emerging trend as a factor that has the potential to significantly impact the market and contribute to its growth or decline.
“The rising demand for customization and versatility has given rise to modular freezers and accessories. These devices allow for independent temperature control within the same equipment while making it easier to maintain and replace internal components”
The research study by Technavio on the global plasma freezer market for 2017-2021 provides detailed industry analysis based on end-users (standalone blood banks, hospitals, and research laboratories and institutions) and geography (the Americas, EMEA, and APAC).
Plasma freezers are designed to store blood and plasma at temperatures as low as-80ºC. Technavio analysts forecast the global plasma freezers market to grow to USD 991.2 million by 2021, at a CAGR of almost 4% over the forecast period. Standalone blood banks catering to the high demand for blood for blood transfusions are the leading end-users of plasma freezers.
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The top three emerging trends driving the global plasma freezer market according to Technavio research analysts are:
- Increase in public and private funding to establish blood banks
- Emphasis on energy efficient plasma freezers
- Choice of customization and features
Increase in public and private funding to establish blood banks
“Public-private partnerships help the blood banks with the high upfront capital investments required. The establishment of blood banks requires advanced blood screening analyzers, plasma freezers and refrigerators, reagents, handling of these products, and proper storage,” says Amber Chourasia, a lead analyst at Technavio for lab equipment research.
Public-private fund programs also provide the added benefit to the governments by reducing their economic burden. For instance, the Precious Cells and Croydon Health Services NHS Trust provides training to the staff of Croydon Health Services NHS Trust to handle the cord blood products from the new-born babies born there.
Emphasis on energy efficient plasma freezers
Plasma freezer manufacturers are always focusing on minimizing their energy consumption while maintaining a low global warming potential. The current plasma freezers are mandated to have minimum global warming potential, an ozone depleting potential of zero, and be non-toxic as well as inflammable. Manufacturers are developing technologies to maximize reliability, temperature uniformity, and efficiency, while minimizing the released heat and energy consumption. The introduction of environmentally friendly plasma freezers is expected to create new demand in the market.
Choice of customization and features
“The rising demand for customization and versatility has given rise to modular freezers and accessories. These devices allow for independent temperature control within the same equipment while making it easier to maintain and replace internal components,” says Amber.
The increased level of customization allows customers to choose the layout and the number of trays within the chamber, while still maintaining the overall exterior design and performance of the freezer. Users can also include rollout baskets, solid stainless steel drawers, and full-size shelves which are very attractive to prospective buyers.
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Technavio analysts employ primary as well as secondary research techniques to ascertain the size and vendor landscape in a range of markets. Analysts obtain information using a combination of bottom-up and top-down approaches, besides using in-house market modeling tools and proprietary databases. They corroborate this data with the data obtained from various market participants and stakeholders across the value chain, including vendors, service providers, distributors, resellers, and end-users.
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