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. 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. Due to the segmented market that demands for biomedical refrigerators and freezers, these storage facilities have been typed according to its market use, 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. The market growth for biomedical freezers and refrigerators is challenged recently by the upsurge of cheaply-made storage units that are available in the market at a much lower price. 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. 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.