Medical Refrigerators Market

The global medical refrigerators market is foreseen to grow by 6.2%, from USD 3.76 Billion in 2021 to USD 6.08 Billion in 2029. Increasing demand for blood storage centers and blood banks, technological advancements in medical refrigerators is to drive the market for the upcoming forecast period. However, use of refurbished devices remains one factor hindering the market growth over the anticipated period.

Market Definition

What is Medical Refrigerators?

Medical refrigerators are equipment used to store a variety of samples of biological origin such as blood, derivatives of blood, biological reagents, vaccines, medicines, flammable chemicals, ribonucleic acid (RBA), and deoxyribonucleic acid (DNA).

Market Overview

The medical refrigerators market search study helps to thoroughly understand the current trend in the market competitive analysis of the players in the emerging market. Moreover, the DRO in the Medical refrigerators market offers valuable perspicuity and a current scenario for making the right decision. The research study covers the eminent players in the market with a detailed analysis of the company and a financial overview containing their net sales, business mix and geographical reach It mainly focuses on the key developments of the products/services offered by the company in recent years. Besides, we at Zettabyte have the expertise to analyses the global medical refrigerators market player's competitive landscape helping the client comprehend their specific strategic growth approaches.

Medical refrigerators market study by "Zettabyte Analytics" offers details about the market scope, market segmentation, technological advancement in the medical refrigerators market and highlights the optimistic, competitive landscape and trends enduring over the years.

Major players in the medical refrigerators market include Aucma, Bioline Technologies, Blue Star Limited, Care Lab Technology, Dulas Ltd., Felix Storch, Inc., Fiochetti, Follett Llc, Godrej & Boyce Mfg. Co. Ltd., Haier Biomedical, Helmer Scientific Inc., Hmg India, Indrel Scientific, Labcold, Lec Medical, Migali, Phc Holdings Corporation, Philipp Kirsch Gmbh, So-Low Environmental Equipment Co., Standex International Corporation, Temparmour Refrigeration, Thermo Fisher Scientific Inc., Tritec, Vestfrost Solutions, Zhongke Meiling Cryogenics Company Limited.

COVID-19 Impact on Global Medical refrigerators Market

The global impact of COVID-19 has lost millions of lives with a massive cost to the healthcare system. Moreover, the treatment cost for patients with COVID-19 has also had a financial impact globally. the impact of COVID-19 on the medical refrigerators market has forced the companies to change their sourcing, pricing, and promotion strategies. the medical refrigerators market players are seen focusing more on optimizing the e-commerce networks with the rising innovations in the digital sector, which are creating new business models for the healthcare industry player.

Research Scope

The report provides market value for the base year 2021 and a yearly forecast from 2022 to 2029 in revenue (USD Million/ Billion). the market for each segment is present in North America, Europe, Asia Pacific, Latin America, Middle East & Africa, and the regional basis for the forecast mentioned above.

Key industry dynamics, regulatory scenarios, major material dynamics and medical refrigerators market future markets are analyzed to understand their impact on demand for the forecast period. growth rates have been estimated using correlation, regression and time-series analysis.

Market Segmentation

For the purpose of this report, the global medical refrigerators market segmented on the basis of product type, end user, and region:

Product Type Outlook:

On the basis of Product Type, the market is segmented into Blood Bank Refrigerator & Plasma Freezer, Laboratory Refrigerator & Freezer, Pharmacy Refrigerator & Freezer, Chromatography Refrigerator & Freezer, Enzyme Refrigerator & Freezer, Ultra-Low-Temperature freezers, Cryogenic Storage Systems.

Figure 1 Medical refrigerators Market By Product Type (Market Size And Forecast By Value - USD Million, 2021 & 2029)

End Use Outlook:

On the basis of End Use, the market is segmented into Blood Banks, Pharmaceutical Companies, Hospital & Pharmacies, Research Institutes, Medical Laboratories, Diagnostic Centre.

Figure 2 End Use Outlook (Revenue, USD Million, 2021)

Regional Outlook (Revenue, USD million; 2021 & 2029)