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.
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. The demand for biomedical freezers and refrigerators are due to these factors noted in the market, such as an increase of blood transfusions, creation of new vaccines, increase demand for cellular therapies, specialized medicines, and more research and development activities being established lately. 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.