Medical Refrigerators Market

Medical Refrigerators - Global Market Outlook (2018-2027)

4.3 (66 reviews)
Published: September 2019 ID: SMRC18555
4.3 (66 reviews)
Published: September 2019 ID: SMRC18555

This report covers the impact of COVID-19 on this global market

According to Stratistics MRC, the Global Medical Refrigerators Market is accounted for $3.07 billion in 2018 and is expected to reach $5.75 billion by 2027 growing at a CAGR of 7.2% during the forecast period. Some of the key factors influencing the market growth include surging demand for the safe storage of blood and blood derivatives from hospitals, pharmacies, clinics, and diagnostic centers, increasing demand for medical refrigerators from end-users. However, use of refurbished devices is restraining the market growth.

Medical refrigerators are heavy-duty refrigerators and freezers of various sizes designed to meet specific demands, and to maintain medical equipment/vaccines/specimens at a constant temperature. They are used by medical professionals in Hospital, research laboratories, crime labs, surgery centers and other medical facilities.

Based on the end user, the blood banks segment is likely to have a huge demand due to increasing prevalence of haematological diseases and a rise in the number of accidents have raised the demand for plasma for use in plasma fractionation procedures. This demand has, in turn, resulted in the hike in demand for blood bank refrigerators & plasma freezers. These factors are driving the growth of the blood banks segment of the medical refrigerators market across the globe.

By Geography, The North America is estimated to have a lucrative growth due to the rising research activities for the treatment of diseases, increasing occurrence of chronic & infectious diseases, and the replacement of older medical refrigerators with newer & more advanced energy-efficient cold storage devices are driving the growth of the medical refrigerators market in this region.

Some of the key players in global Medical Refrigerators market are Thermo Fisher Scientific Inc., Philipp Kirsch GmbH, Godrej, Helmer Scientific, Haier Biomedical, Blue Star Limited, Vestfrost Solutions, PHC Holdings Corporation, Felix Storch, Inc., Panasonic, Zhongke Meiling Cryogenics Company Limited, Follett LLC, Standex, LEC Medical, PHC Holdings Corporation, and Arctiko.

Door Types Covered:
• Double Door
• Single Door

Design Types Covered:
• Explosion-Proof Refrigerator
• Undercounter Medical Refrigerator
• Countertop Medical Refrigerator
• Flammable Material Storage Refrigerator

Product Types Covered:
• Laboratory Refrigerators & Freezers
• Chromatography Refrigerators & Freezers
• Ultra-Low-Temperature Freezers
• Blood Bank Refrigerators & Plasma Freezers
• Cryogenic Storage Systems
• Pharmacy Refrigerators & Freezers
• Enzyme Refrigerators & Freezers
• Hospital Refrigerators & Freezers
• Shock Freezers
• Other Product Types

Temperature Control Ranges Covered:
• Under -40°
• Between 2°and 8°
• Between 0°and -40°

Sales Channels Covered:
• Distribution Channel
• Direct Channel

End Users Covered:
• Hospitals & Pharmacies
• Medical Laboratories
• Blood Banks
• Pharmaceutical Companies
• Research Institutes
• Diagnostic Centers
• Other End Users

Regions Covered:
• North America
o US
o Canada
o Mexico
• Europe
o Germany
o UK
o Italy
o France
o Spain
o Rest of Europe
• Asia Pacific
o Japan       
o China        
o India       
o Australia 
o New Zealand     
o South Korea      
o Rest of Asia Pacific   
• South America
o Argentina
o Brazil
o Chile
o Rest of South America
• Middle East & Africa
o Saudi Arabia
o Qatar
o South Africa
o Rest of Middle East & Africa

What our report offers:
- Market share assessments for the regional and country level segments
- Market share analysis of the top industry players
- Strategic recommendations for the new entrants
Covers Market data for the years 2017, 2018, 2019, 2023 and 2027
- Market Trends (Drivers, Constraints, Opportunities, Threats, Challenges, Investment Opportunities, and recommendations)
- Strategic recommendations in key business segments based on the market estimations
- Competitive landscaping mapping the key common trends
- Company profiling with detailed strategies, financials, and recent developments
- Supply chain trends mapping the latest technological advancements

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o Comprehensive profiling of additional market players (up to 3)
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• Competitive Benchmarking
o Benchmarking of key players based on product portfolio, geographical presence, and strategic alliances

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