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)
Regional Outlook
(Revenue, USD million; 2018-2029)
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North America
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U.S.
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Canada
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Europe
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Germany
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U.K.
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France
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Spain
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Italy
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Rest of the Europe
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Asia Pacific
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India
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Japan
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