The global biomedical refrigerators and freezers market is predicted to amount to nearly 5 billion USD by 2026.
The reason why the pharma cold chain is a billion-dollar industry is simple: pharmaceutical and healthcare industries are required to deliver high-quality products. For that, they need state-of-the-art cold storage solutions to preserve biological samples and maintain their intended efficacy.
Pharmaceutical products require controlled storage to prevent drug degradation and contamination. Failure to store RNA, DNA, protein, PCR, and sequencing nucleotides, enzymes, antibodies, blood samples, etc. within specified environmental conditions can compromise quality and potency. Factors like temperature, light, air quality, and humidity can have a significant impact on the final product.
Additionally, failure to record and monitor these temperatures accurately can lead to inaccurate conclusions about the potential effects of medicines, putting their recipients in harm’s way.