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Market Research Report
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1028007

Asia-pacific Medical and Lab Refrigerators Market Forecast 2021-2028

Published: | Inkwood Research | 132 Pages | Delivery time: 2-3 business days

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Asia-pacific Medical and Lab Refrigerators Market Forecast 2021-2028
Published: September 14, 2021
Inkwood Research
Content info: 132 Pages
Delivery time: 2-3 business days
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  • Description
  • Table of Contents
Description

KEY FINDINGS

The Asia-Pacific medical and lab refrigerators market is predicted to record a CAGR of 5.14% during the forecast period, 2021-2028. The rising number of road accidents and diseases has resulted in a growing need to sustain blood banks. Also, due to government initiatives and increasing awareness, there has been an increase in the number of blood donors.

MARKET INSIGHTS

Indonesia, South Korea, Japan, Australia & New Zealand, China, Singapore, Malaysia, India, and Rest of Asia-Pacific are evaluated for the Asia-Pacific medical and lab refrigerators market growth assessment. In Japan, the government is making substantial investments in R&D for low-cost drug discovery. Also, the pharmaceutical industry is ranked among the top globally. According to the Ministry of Health, Labor and Welfare, the pharmaceutical sector contributes US$ 5 trillion to the country's GDP. In addition, the geriatric population offers business and growth opportunities for pharmaceutical companies. Moreover, the government has been working on minimizing the long approval processes for new products by pharma companies.

In countries like Australia, the government is significantly investing in R&D for new medical solutions and to boost innovations in pharmaceutical and medical technologies. Such factors are expected to increase the adoption of medical and lab refrigerators. Also, the rising incidence of chronic diseases and the increasing geriatric population propel the demand for prescription products and pharmacy services. In addition, government initiatives are projected to offer a conducive environment for international players to enter the domestic market. This will boost product availability and awareness, thereby increasing the adoption of advanced therapies.

COMPETITIVE INSIGHTS

Thermo Fisher Scientific Inc, Vestfrost Solutions, Zhongke Meiling Cryogenics Company Limited, Temparmour Refrigeration, Philipp Kirsch GmbH, etc., are among the eminent firms in the market.

Our report offerings include:

  • Explore key findings of the overall market
  • Strategic breakdown of market dynamics (Drivers, Restraints, Opportunities, Challenges)
  • Market forecasts for a minimum of 9 years, along with 3 years of historical data for all segments, sub-segments, and regions
  • Market Segmentation cater to a thorough assessment of key segments with their market estimations
  • Geographical Analysis: Assessments of the mentioned regions and country-level segments with their market share
  • Key analytics: Porter's Five Forces Analysis, Vendor Landscape, Opportunity Matrix, Key Buying Criteria, etc.
  • Competitive landscape is the theoretical explanation of the key companies based on factors, market share, etc.
  • Company profiling: A detailed company overview, product/services offered, SCOT analysis, and recent strategic developments
Table of Contents
Product Code: 40270

TABLE OF CONTENTS

1. RESEARCH SCOPE & METHODOLOGY

  • 1.1. STUDY OBJECTIVES
  • 1.2. SCOPE OF STUDY
  • 1.3. METHODOLOGY
  • 1.4. ASSUMPTIONS & LIMITATIONS

2. EXECUTIVE SUMMARY

  • 2.1. MARKET SIZE & ESTIMATES
  • 2.2. MARKET OVERVIEW

3. MARKET DYNAMICS

  • 3.1. KEY DRIVERS
    • 3.1.1. INCREASE IN BLOOD DONATIONS DUE TO AWARENESS INITIATIVES
    • 3.1.2. DEMAND FOR BLOOD BANKS DUE TO ACCIDENTS, SURGERY INTERVENTIONS, AND OTHER SURGERIES
  • 3.2. KEY RESTRAINTS
    • 3.2.1. PREFERENCE FOR REFURBISHED EQUIPMENT
    • 3.2.2. HIGH COSTS OF MEDICAL REFRIGERATORS

4. KEY ANALYTICS

  • 4.1. IMPACT OF COVID-19 ON MEDICAL AND LAB REFRIGERATORS MARKET
  • 4.2. KEY MARKET TRENDS
  • 4.3. PORTER'S FIVE FORCES ANALYSIS
    • 4.3.1. BUYERS POWER
    • 4.3.2. SUPPLIERS POWER
    • 4.3.3. SUBSTITUTION
    • 4.3.4. NEW ENTRY
    • 4.3.5. INDUSTRY RIVALRY
  • 4.4. OPPORTUNITY MATRIX
  • 4.5. VENDOR LANDSCAPE

5. MARKET BY PRODUCT

  • 5.1. LABORATORY REFRIGERATORS
  • 5.2. PHARMACY REFRIGERATORS
  • 5.3. BLOOD BANK REFRIGERATORS
  • 5.4. ENZYME REFRIGERATORS
  • 5.5. OTHER PRODUCTS

6. MARKET BY END-USER

  • 6.1. BLOOD BANKS
  • 6.2. PHARMACEUTICAL COMPANIES
  • 6.3. HOSPITALS & PHARMACIES
  • 6.4. RESEARCH INSTITUTES
  • 6.5. OTHER END-USERS

7. GEOGRAPHICAL ANALYSIS

  • 7.1. ASIA-PACIFIC
    • 7.1.1. MARKET SIZE & ESTIMATES
    • 7.1.2. KEY GROWTH ENABLERS
    • 7.1.3. KEY CHALLENGE
    • 7.1.4. KEY PLAYERS
    • 7.1.5. COUNTRY ANALYSIS
      • 7.1.5.1. CHINA
      • 7.1.5.2. JAPAN
      • 7.1.5.3. INDIA
      • 7.1.5.4. AUSTRALIA & NEW ZEALAND
      • 7.1.5.5. SOUTH KOREA
      • 7.1.5.6. MALAYSIA
      • 7.1.5.7. INDONESIA
      • 7.1.5.8. SINGAPORE
      • 7.1.5.9. REST OF ASIA-PACIFIC

8. COMPETITIVE LANDSCAPE

  • 8.1. KEY STRATEGIC DEVELOPMENTS
    • 8.1.1. MERGERS & ACQUISITIONS
    • 8.1.2. PRODUCT LAUNCHES & DEVELOPMENTS
    • 8.1.3. PARTNERSHIPS & AGREEMENTS
    • 8.1.4. BUSINESS EXPANSIONS, ANNOUNCEMENTS, AND DIVESTITURES
  • 8.2. COMPANY PROFILES
    • 8.2.1. BLUE STAR LIMITED
    • 8.2.2. FELIX STORCH INC
    • 8.2.3. FOLLETT LLC
    • 8.2.4. GODREJ & BOYCE MANUFACTURING COMPANY LIMITED
    • 8.2.5. HAIER BIOMEDICAL
    • 8.2.6. HELMER SCIENTIFIC INC
    • 8.2.7. LEC MEDICAL
    • 8.2.8. MIGALI SCIENTIFIC
    • 8.2.9. PHC HOLDINGS CORPORATION
    • 8.2.10. PHILIPP KIRSCH GMBH
    • 8.2.11. TEMPARMOUR REFRIGERATION
    • 8.2.12. THERMO FISHER SCIENTIFIC INC
    • 8.2.13. VESTFROST SOLUTIONS
    • 8.2.14. ZHONGKEMEILING CRYOGENICS COMPANY LIMITED

LIST OF TABLES

  • TABLE 1: MARKET SNAPSHOT - MEDICAL AND LAB REFRIGERATORS
  • TABLE 2: ASIA-PACIFIC MEDICAL AND LAB REFRIGERATORS MARKET, BY PRODUCT, HISTORICAL YEARS, 2016-2020 (IN $ MILLION)
  • TABLE 3: ASIA-PACIFIC MEDICAL AND LAB REFRIGERATORS MARKET, BY PRODUCT, FORECAST YEARS, 2021-2028 (IN $ MILLION)
  • TABLE 4: ASIA-PACIFIC MEDICAL AND LAB REFRIGERATORS MARKET, BY END-USER, HISTORICAL YEARS, 2016-2020 (IN $ MILLION)
  • TABLE 5: ASIA-PACIFIC MEDICAL AND LAB REFRIGERATORS MARKET, BY END-USER, FORECAST YEARS, 2021-2028 (IN $ MILLION)
  • TABLE 6: ASIA-PACIFIC MEDICAL AND LAB REFRIGERATORS MARKET, BY COUNTRY, HISTORICAL YEARS, 2016-2020 (IN $ MILLION)
  • TABLE 7: ASIA-PACIFIC MEDICAL AND LAB REFRIGERATORS MARKET, BY COUNTRY, FORECAST YEARS, 2021-2028 (IN $ MILLION)
  • TABLE 8: LEADING PLAYERS OPERATING IN ASIA-PACIFIC MEDICAL AND LAB REFRIGERATORS MARKET
  • TABLE 9: LIST OF MERGERS & ACQUISITIONS
  • TABLE 10: LIST OF PRODUCT LAUNCHES & DEVELOPMENTS
  • TABLE 11: LIST OF PARTNERSHIPS & AGREEMENTS
  • TABLE 12: LIST OF BUSINESS EXPANSIONS, ANNOUNCEMENTS & DIVESTITURES

LIST OF FIGURES

  • FIGURE 1: KEY MARKET TRENDS
  • FIGURE 2: PORTER'S FIVE FORCES ANALYSIS
  • FIGURE 3: OPPORTUNITY MATRIX
  • FIGURE 4: VENDOR LANDSCAPE
  • FIGURE 5: ASIA-PACIFIC MEDICAL AND LAB REFRIGERATORS MARKET, BY PRODUCT, IN 2020
  • FIGURE 6: ASIA-PACIFIC MEDICAL AND LAB REFRIGERATORS MARKET, BY LABORATORY REFRIGERATORS, 2021-2028 (IN $ MILLION)
  • FIGURE 7: ASIA-PACIFIC MEDICAL AND LAB REFRIGERATORS MARKET, BY PHARMACY REFRIGERATORS, 2021-2028 (IN $ MILLION)
  • FIGURE 8: ASIA-PACIFIC MEDICAL AND LAB REFRIGERATORS MARKET, BY BLOOD BANK REFRIGERATORS, 2021-2028 (IN $ MILLION)
  • FIGURE 9: ASIA-PACIFIC MEDICAL AND LAB REFRIGERATORS MARKET, BY ENZYME REFRIGERATORS, 2021-2028 (IN $ MILLION)
  • FIGURE 10: ASIA-PACIFIC MEDICAL AND LAB REFRIGERATORS MARKET, BY OTHER PRODUCTS, 2021-2028 (IN $ MILLION)
  • FIGURE 11: ASIA-PACIFIC MEDICAL AND LAB REFRIGERATORS MARKET, BY END-USER, IN 2020
  • FIGURE 12: ASIA-PACIFIC MEDICAL AND LAB REFRIGERATORS MARKET, BY BLOOD BANKS, 2021-2028 (IN $ MILLION)
  • FIGURE 13: ASIA-PACIFIC MEDICAL AND LAB REFRIGERATORS MARKET, BY PHARMACEUTICAL COMPANIES, 2021-2028 (IN $ MILLION)
  • FIGURE 14: ASIA-PACIFIC MEDICAL AND LAB REFRIGERATORS MARKET, BY HOSPITALS & PHARMACIES, 2021-2028 (IN $ MILLION)
  • FIGURE 15: ASIA-PACIFIC MEDICAL AND LAB REFRIGERATORS MARKET, BY RESEARCH INSTITUTES, 2021-2028 (IN $ MILLION)
  • FIGURE 16: ASIA-PACIFIC MEDICAL AND LAB REFRIGERATORS MARKET, BY OTHER END-USERS, 2021-2028 (IN $ MILLION)
  • FIGURE 17: ASIA-PACIFIC MEDICAL AND LAB REFRIGERATORS MARKET, COUNTRY OUTLOOK, 2020 & 2028 (IN %)
  • FIGURE 18: CHINA MEDICAL AND LAB REFRIGERATORS MARKET, 2021-2028 (IN $ MILLION)
  • FIGURE 19: JAPAN MEDICAL AND LAB REFRIGERATORS MARKET, 2021-2028 (IN $ MILLION)
  • FIGURE 20: INDIA MEDICAL AND LAB REFRIGERATORS MARKET, 2021-2028 (IN $ MILLION)
  • FIGURE 21: AUSTRALIA & NEW ZEALAND MEDICAL AND LAB REFRIGERATORS MARKET, 2021-2028 (IN $ MILLION)
  • FIGURE 22: SOUTH KOREA MEDICAL AND LAB REFRIGERATORS MARKET, 2021-2028 (IN $ MILLION)
  • FIGURE 23: MALAYSIA MEDICAL AND LAB REFRIGERATORS MARKET, 2021-2028 (IN $ MILLION)
  • FIGURE 24: INDONESIA MEDICAL AND LAB REFRIGERATORS MARKET, 2021-2028 (IN $ MILLION)
  • FIGURE 25: SINGAPORE MEDICAL AND LAB REFRIGERATORS MARKET, 2021-2028 (IN $ MILLION)
  • FIGURE 26: REST OF ASIA-PACIFIC MEDICAL AND LAB REFRIGERATORS MARKET, 2021-2028 (IN $ MILLION)