United States Biomedical Refrigerators and Freezers Market Size, Share, and COVID-19 Impact Analysis, By Product (Lab Refrigerators, Shock Freezers, Plasma Freezers, Blood Bank Refrigerators, Ultra-Low Temperature Freezers, and Lab Freezers), By End-User (Hospitals, Blood Banks, Diagnostic Centers, Research Labs, Pharmacies, and Others), and US Biomedical Refrigerators and Freezers Market Insights, Industry Trend, Forecasts to 2035

USA Biomedical Refrigerators and Freezers Market Insights Forecasts to 2035

• The US Biomedical Refrigerators and Freezers Market Size was Estimated at USD 1.474 Billion in 2024
• The Market Size is Expected to Grow at a CAGR of around 5.25% from 2025 to 2035
• The USA Biomedical Refrigerators and Freezers Market Size is Expected to Reach USD 2.587 Billion by 2035

According to a research report published by Spherical Insights & Consulting, the US Biomedical Refrigerators and Freezers Market Size is Anticipated to Reach USD 2.587 Billion by 2035, Growing at a CAGR of 5.25% from 2025 to 2035. The market growth is attributed to the rising need for sophisticated refrigerators in the healthcare and pharmaceutical sectors for the storage of injectables, vaccines, and blood products.

Market Overview

The production and marketing of specialized refrigerators for the storage of biological samples, drugs, and vaccines in pharmaceutical and healthcare facilities is the primary objective of the USA biomedical refrigerators and freezers market. In hospitals, epidemic prevention stations, universities, scientific research institutes, the electronic chemical industry, and other enterprise laboratories, biomedical refrigerators and freezers are essential components of medical equipment that are utilized for the storage and preservation of biological materials, including drugs, blood, vaccines, enzymes, reagents, and DNA. Features like extended battery backup, digital displays, power failure alerts, reduced noise levels, and low energy consumption are all provided by these gadgets. The need to preserve biomedical samples and the rise in diseases have led to a surge in demand for biomedical freezers and refrigerators. It is anticipated that more biomedical refrigerators and freezers will be used as research and academic institutions increase their funding for R&D projects. In these devices, healthcare organizations commonly store a variety of biomedical products as the need for precise storage conditions expands. These benefits will help the biomedical refrigerator and freezer market during the forecasting period. The market will expand as a result of companies emphasis on creating innovative devices, and the economy will grow more quickly owing to government funding for these products.

The increasing prevalence of chronic diseases, including cancer, diabetes, and heart diseases, among the United States population escalates the need for medications and injectables like vaccine, which requires temperature maintenance and control systems such as biomedical refrigerators which resulting in the increasing need for biomedical refrigerators and freezers and leading to market growth. For instance, according to the North American Association of Central Registries and the data published in the American Cancer Society Journal states that cancer is a significant global health issue and the second leading cause of death in the United States, with 1,918,030 new cases and 609,360 deaths projected in 2022, with lung cancer being the leading cause, with approximately 350 daily deaths.

Report Coverage

This research report categorizes the market for the US biomedical refrigerators and freezers market based on various segments and regions and forecasts revenue growth and analyzes trends in each submarket. The report analyses the key growth drivers, opportunities, and challenges influencing the US biomedical refrigerators and freezers market. Recent market developments and competitive strategies such as expansion, product launch, development, partnership, merger, and acquisition have been included to draw the competitive landscape in the market. The report strategically identifies and profiles the key market players and analyses their core competencies in each sub-segment of the US biomedical refrigerators and freezers market.

Driving Factors

Growing investments in research and development:

Increased investment in research and development is anticipated to drive up demand for contemporary biomedical refrigerators in the healthcare sector. The emphasis on novel treatment methods and rising expenditures in clinical trials, biopharmaceutical research, and healthcare infrastructure are anticipated to propel the market's growth in United States. Low-temperature supplies, such as medications and laboratory equipment, and biological samples must be stored as healthcare facilities expand and life sciences develop.

Rising proportion of the geriatric population:

The biomedical refrigerators and freezers market in the United States is expanding owing to the aging population and the growing need for temperature-sensitive storage options for biological samples, vaccines, and pharmaceuticals. Increased demand for biopharmaceuticals, the rise in organ transplantation and regenerative medicine, government and healthcare investments, improvements in medical research, and the growing incidence of chronic diseases are some of the major factors propelling growth. Diabetes, cancer, Alzheimer's, osteoarthritis, and cardiovascular diseases are more common in older adults, making biomedical refrigeration necessary for long-term medical treatments. The growth of biomedical refrigeration solutions is also aided by investments from the government and the healthcare industry. Another factor driving up demand for laboratory freezers and refrigerators is the growth of personalized medicine and diagnostic testing for age-related illnesses.

Restraining Factors

The United States biomedical refrigeration and freezer market faces challenges such as high initial costs, strict regulatory compliance, supply chain disruptions, and energy consumption concerns, which may impede growth of the market.

Market Segmentation

The USA biomedical refrigerators and freezers market share is classified into product and end-user.

• The lab refrigerators segment held the largest share in 2024 and is expected to grow at a significant CAGR during the forecast period.

The US biomedical refrigerators and freezers market is segmented by product into lab refrigerators, shock freezers, plasma freezers, blood bank refrigerators, ultra-low temperature freezers, and lab freezers. Among these, the lab refrigerators segment held the largest share in 2024 and is expected to grow at a significant CAGR during the forecast period. The segment growth is attributed to technological development and innovations, increasing need for refrigeration systems in the laboratories, rising proportion of biomedical research, and growing research and development activities.

• The diagnostic centers segment accounted for the largest share in 2024 and is expected to grow at a significant CAGR during the forecast period.

The US biomedical refrigerators and freezers market is segmented by end-user into hospitals, blood banks, diagnostic centers, research labs, pharmacies, and others. Among these, the diagnostic centers segment accounted for the largest share in 2024 and is expected to grow at a significant CAGR during the forecast period. The segmental expansion is ascribed to the extensive usage of the biomedical refrigerators and freezers in diagnostic centers, flexibility in use, and use for the storage of diagnostic agents and storage materials. 

Competitive Analysis:

The report offers the appropriate analysis of the key organizations/companies involved within the US biomedical refrigerators and freezers market, along with a comparative evaluation primarily based on their product offering, business overviews, geographic presence, enterprise strategies, segment market share, and SWOT analysis. The report also provides an elaborative analysis focusing on the current news and developments of the companies, which includes product development, innovations, joint ventures, partnerships, mergers & acquisitions, strategic alliances, and others. This allows for the evaluation of the overall competition within the market.

List of Key Companies

• PHC Corporation
• Lab Research Products
• Migali Scientific
• BINDER GmbH
• Helmer Scientific Inc.
• ThermoFisher Scientific Inc.
• Follett products
• Aegis Scientific, Inc.
• NuAire, Inc.
• Powers Scientific, Inc.
• Stirling Ultracod
• Others

Recent Developments:

• In March 2025, Haier Biomedical installed 100 smart vaccine refrigerators, 10 smart refrigerators, and 10 vaccine scanning cabinets in 10 hospitals and township clinics in Nakhchivan, Azerbaijan. The IoT-enabled initiative aims to create a connected ecosystem, integrating people, equipment, and vaccines to build a smart vaccine city network. The innovative compartmentalized storage system prevents temperature fluctuations from affecting vaccine quality.

Key Target Audience

• Market Players
• Investors
• End-users
• Government Authorities 
• Consulting and Research Firm
• Venture capitalists
• Value-Added Resellers (VARs)

Market Segment

This study forecasts revenue at the United States, regional, and country levels from 2020 to 2035. Spherical Insights has segmented the US biomedical refrigerators and freezers market based on the below-mentioned segments:

US Biomedical Refrigerators and Freezers Market, By Product

• Lab Refrigerators
• Shock Freezers
• Plasma Freezers
• Blood Bank Refrigerators
• Ultra-Low Temperature Freezers
• Lab Freezers

US Biomedical Refrigerators and Freezers Market, By End-User

• Hospitals
• Blood Banks
• Diagnostic Centers
• Research Labs
• Pharmacies
• Others