Market Research Report
North America Medical and Lab Refrigerators Market Forecast 2021-2028
|North America Medical and Lab Refrigerators Market Forecast 2021-2028|
Published: September 14, 2021
Content info: 135 Pages
Delivery time: 2-3 business days
The North America medical and lab refrigerators market is expected to register a CAGR of 3.37% during the forecast period, 2021-2028. The surging investments in research activities for disease treatments, use of advanced energy-efficient refrigerators, and increasing occurrence of infectious and chronic diseases fuel market growth.
The United States and Canada are assessed for the North America medical and lab refrigerators market growth analysis. Canada witnessed a dramatic rise in the number of blood donations due to the pandemic. At the same time, there was a surge in cancellations due to the fears associated with COVID-19. In addition, blood banks had an enormous inflow of blood units from blood donation and outflow to hospitals and research centers. This raised the need for traceable and proper preservation refrigeration solutions. Moreover, technological advancements in cold storage systems, particularly blood bank refrigerators, have led to the launch of new products that will enhance product monitoring and tracking, which will further reduce medical errors.
Furthermore, the rising deployment of innovative technologies like artificial intelligence and automation is set to offer growth opportunities. Also, the Ministry of Health invests in clinical laboratories, which benefits market growth.
Some of the major firms in the market include: LEC Medical, Follett Llc, PHC Holdings Corporation, Helmer Scientific Inc, Thermo Fisher Scientific Inc, etc.