North America Medical and Lab Refrigerators Market Forecast 2021-2028

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.

MARKET INSIGHTS

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.

COMPETITIVE INSIGHTS

Some of the major firms in the market include: LEC Medical, Follett Llc, PHC Holdings Corporation, Helmer Scientific Inc, Thermo Fisher Scientific Inc, etc.

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

Product Code: 40262

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. NORTH AMERICA
- 7.1.1. MARKET SIZE & ESTIMATES
- 7.1.2. KEY GROWTH ENABLERS
- 7.1.3. KEY CHALLENGES
- 7.1.4. KEY PLAYERS
- 7.1.5. COUNTRY ANALYSIS
  - 7.1.5.1. UNITED STATES
  - 7.1.5.2. CANADA

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

Product Code: 40262

LIST OF TABLES

TABLE 1: MARKET SNAPSHOT - MEDICAL AND LAB REFRIGERATORS
TABLE 2: NORTH AMERICA MEDICAL AND LAB REFRIGERATORS MARKET, BY PRODUCT, HISTORICAL YEARS, 2016-2020 (IN $ MILLION)
TABLE 3: NORTH AMERICA MEDICAL AND LAB REFRIGERATORS MARKET, BY PRODUCT, FORECAST YEARS, 2021-2028 (IN $ MILLION)
TABLE 4: NORTH AMERICA MEDICAL AND LAB REFRIGERATORS MARKET, BY END-USER, HISTORICAL YEARS, 2016-2020 (IN $ MILLION)
TABLE 5: NORTH AMERICA MEDICAL AND LAB REFRIGERATORS MARKET, BY END-USER, FORECAST YEARS, 2021-2028 (IN $ MILLION)
TABLE 6: NORTH AMERICA MEDICAL AND LAB REFRIGERATORS MARKET, BY COUNTRY, HISTORICAL YEARS, 2016-2020 (IN $ MILLION)
TABLE 7: NORTH AMERICA MEDICAL AND LAB REFRIGERATORS MARKET, BY COUNTRY, FORECAST YEARS, 2021-2028 (IN $ MILLION)
TABLE 8: LEADING PLAYERS OPERATING IN THE NORTH AMERICA 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: NORTH AMERICA MEDICAL AND LAB REFRIGERATORS MARKET, BY PRODUCT, IN 2020
FIGURE 6: NORTH AMERICA MEDICAL AND LAB REFRIGERATORS MARKET, BY LABORATORY REFRIGERATORS, 2021-2028 (IN $ MILLION)
FIGURE 7: NORTH AMERICA MEDICAL AND LAB REFRIGERATORS MARKET, BY PHARMACY REFRIGERATORS, 2021-2028 (IN $ MILLION)
FIGURE 8: NORTH AMERICA MEDICAL AND LAB REFRIGERATORS MARKET, BY BLOOD BANK REFRIGERATORS, 2021-2028 (IN $ MILLION)
FIGURE 9: NORTH AMERICA MEDICAL AND LAB REFRIGERATORS MARKET, BY ENZYME REFRIGERATORS, 2021-2028 (IN $ MILLION)
FIGURE 10: NORTH AMERICA MEDICAL AND LAB REFRIGERATORS MARKET, BY OTHER PRODUCTS, 2021-2028 (IN $ MILLION)
FIGURE 11: NORTH AMERICA MEDICAL AND LAB REFRIGERATORS MARKET, BY END-USER, IN 2020
FIGURE 12: NORTH AMERICA MEDICAL AND LAB REFRIGERATORS MARKET, BY BLOOD BANKS, 2021-2028 (IN $ MILLION)
FIGURE 13: NORTH AMERICA MEDICAL AND LAB REFRIGERATORS MARKET, BY PHARMACEUTICAL COMPANIES, 2021-2028 (IN $ MILLION)
FIGURE 14: NORTH AMERICA MEDICAL AND LAB REFRIGERATORS MARKET, BY HOSPITALS & PHARMACIES, 2021-2028 (IN $ MILLION)
FIGURE 15: NORTH AMERICA MEDICAL AND LAB REFRIGERATORS MARKET, BY RESEARCH INSTITUTES, 2021-2028 (IN $ MILLION)
FIGURE 16: NORTH AMERICA MEDICAL AND LAB REFRIGERATORS MARKET, BY OTHER END-USERS, 2021-2028 (IN $ MILLION)
FIGURE 17: NORTH AMERICA MEDICAL AND LAB REFRIGERATORS MARKET, COUNTRY OUTLOOK, 2020 & 2028 (IN %)
FIGURE 18: UNITED STATES MEDICAL AND LAB REFRIGERATORS MARKET, 2021-2028 (IN $ MILLION)
FIGURE 19: CANADA MEDICAL AND LAB REFRIGERATORS MARKET, 2021-2028 (IN $ MILLION)