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Market Research Report
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1028011

Global Medical and Lab Refrigerators Market Forecast 2021-2028

Published: | Inkwood Research | 186 Pages | Delivery time: 2-3 business days

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Global Medical and Lab Refrigerators Market Forecast 2021-2028
Published: September 14, 2021
Inkwood Research
Content info: 186 Pages
Delivery time: 2-3 business days
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  • Description
  • Table of Contents
Description

KEY FINDINGS

The global medical and lab refrigerators market is predicted to record a CAGR of 4.14% during the forecast period, 2021-2028. The growing demand for blood banks due to rising surgery inventions and accidents and increasing blood donations due to awareness initiatives by private companies and government organizations are accredited to market growth.

MARKET INSIGHTS

Medical refrigerators are used to store chemotherapeutics, plasma, vaccines, plasma, blood, and other samples that need rigid temperature control. They are designed to meet the temperature requirements for safe drug storage. In addition, they are considered reliable since they emit less and heat and sound into the room. Also, the growing requirement for plasma has resulted in an increased need for plasma refrigerators and freezers at blood banks.

Further, the rising number of accidents and surgical interventions like organ, bone marrow transplants, cancer, nephrology, dialysis, general surgery, and cardiovascular surgery has led to increased demands for blood components. This further propels the demand for medical and laboratory refrigerators. For instance, as per the American Cancer Society (ACS), almost 1.7 million people were diagnosed with cancer in 2017. As a result, some needed blood during chemotherapy.

Moreover, the lack of timely access to safe blood transfusion has increased the demand for blood banks with the availability of secure, real-time, and efficient blood units. Thus, several organizations are involved in launching innovative product solutions in the market. However, the market growth is restricted by high costs and a preference for refurbished equipment.

REGIONAL INSIGHTS

The global medical and lab refrigerators market growth assessment includes the regional analysis of Europe, Asia-Pacific, North America, and Rest of World. North America is witnessing rising investments in research activities for disease treatment and is hence, the dominating region in the global market with the highest revenue share.

COMPETITIVE INSIGHTS

The market rivalry is attributed to the highly fragmented market. Several global vendors offer a vast portfolio of branded products. Blue Star Limited, Godrej & Boyce Manufacturing Company Limited, Felix Storch Inc, Follett Llc, etc., are among the key players 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: 40277

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. 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
  • 7.2. EUROPE
    • 7.2.1. MARKET SIZE & ESTIMATES
    • 7.2.2. KEY GROWTH ENABLERS
    • 7.2.3. KEY CHALLENGES
    • 7.2.4. KEY PLAYERS
    • 7.2.5. COUNTRY ANALYSIS
      • 7.2.5.1. GERMANY
      • 7.2.5.2. FRANCE
      • 7.2.5.3. UNITED KINGDOM
      • 7.2.5.4. ITALY
      • 7.2.5.5. RUSSIA
      • 7.2.5.6. BELGIUM
      • 7.2.5.7. POLAND
      • 7.2.5.8. REST OF EUROPE
  • 7.3. ASIA-PACIFIC
    • 7.3.1. MARKET SIZE & ESTIMATES
    • 7.3.2. KEY GROWTH ENABLERS
    • 7.3.3. KEY CHALLENGES
    • 7.3.4. KEY PLAYERS
    • 7.3.5. COUNTRY ANALYSIS
      • 7.3.5.1. CHINA
      • 7.3.5.2. JAPAN
      • 7.3.5.3. INDIA
      • 7.3.5.4. AUSTRALIA & NEW ZEALAND
      • 7.3.5.5. SOUTH KOREA
      • 7.3.5.6. MALAYSIA
      • 7.3.5.7. INDONESIA
      • 7.3.5.8. SINGAPORE
      • 7.3.5.9. REST OF ASIA-PACIFIC
  • 7.4. REST OF WORLD
    • 7.4.1. MARKET SIZE & ESTIMATES
    • 7.4.2. KEY GROWTH ENABLERS
    • 7.4.3. KEY CHALLENGES
    • 7.4.4. KEY PLAYERS
    • 7.4.5. REGIONAL ANALYSIS
      • 7.4.5.1. LATIN AMERICA
      • 7.4.5.2. MIDDLE EAST & AFRICA

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: GLOBAL MEDICAL AND LAB REFRIGERATORS MARKET, BY PRODUCT, HISTORICAL YEARS, 2016-2020 (IN $ MILLION)
  • TABLE 3: GLOBAL MEDICAL AND LAB REFRIGERATORS MARKET, BY PRODUCT, FORECAST YEARS, 2021-2028 (IN $ MILLION)
  • TABLE 4: GLOBAL LABORATORY REFRIGERATORS MARKET, BY REGION, HISTORICAL YEARS, 2016-2020 (IN $ MILLION)
  • TABLE 5: GLOBAL LABORATORY REFRIGERATORS MARKET, BY REGION, FORECAST YEARS, 2021-2028 (IN $ MILLION)
  • TABLE 6: GLOBAL PHARMACY REFRIGERATORS MARKET, BY REGION, HISTORICAL YEARS, 2016-2020 (IN $ MILLION)
  • TABLE 7: GLOBAL PHARMACY REFRIGERATORS MARKET, BY REGION, FORECAST YEARS, 2021-2028 (IN $ MILLION)
  • TABLE 8: GLOBAL BLOOD BANK REFRIGERATORS MARKET, BY REGION, HISTORICAL YEARS, 2016-2020 (IN $ MILLION)
  • TABLE 9: GLOBAL BLOOD BANK REFRIGERATORS MARKET, BY REGION, FORECAST YEARS, 2021-2028 (IN $ MILLION)
  • TABLE 10: GLOBAL ENZYME REFRIGERATORS MARKET, BY REGION, HISTORICAL YEARS, 2016-2020 (IN $ MILLION)
  • TABLE 11: GLOBAL ENZYME REFRIGERATORS MARKET, BY REGION, FORECAST YEARS, 2021-2028 (IN $ MILLION)
  • TABLE 12: GLOBAL OTHER PRODUCTS MARKET, BY REGION, HISTORICAL YEARS, 2016-2020 (IN $ MILLION)
  • TABLE 13: GLOBAL OTHER PRODUCTS MARKET, BY REGION, FORECAST YEARS, 2021-2028 (IN $ MILLION)
  • TABLE 14: GLOBAL MEDICAL AND LAB REFRIGERATORS MARKET, BY END-USER, HISTORICAL YEARS, 2016-2020 (IN $ MILLION)
  • TABLE 15: GLOBAL MEDICAL AND LAB REFRIGERATORS MARKET, BY END-USER, FORECAST YEARS, 2021-2028 (IN $ MILLION)
  • TABLE 16: GLOBAL BLOOD BANKS MARKET, BY REGION, HISTORICAL YEARS, 2016-2020 (IN $ MILLION)
  • TABLE 17: GLOBAL BLOOD BANKS MARKET, BY REGION, FORECAST YEARS, 2021-2028 (IN $ MILLION)
  • TABLE 18: GLOBAL PHARMACEUTICAL COMPANIES MARKET, BY REGION, HISTORICAL YEARS, 2016-2020 (IN $ MILLION)
  • TABLE 19: GLOBAL PHARMACEUTICAL COMPANIES MARKET, BY REGION, FORECAST YEARS, 2021-2028 (IN $ MILLION)
  • TABLE 20: GLOBAL HOSPITALS & PHARMACIES MARKET, BY REGION, HISTORICAL YEARS, 2016-2020 (IN $ MILLION)
  • TABLE 21: GLOBAL HOSPITALS & PHARMACIES MARKET, BY REGION, FORECAST YEARS, 2021-2028 (IN $ MILLION)
  • TABLE 22: GLOBAL RESEARCH INSTITUTES MARKET, BY REGION, HISTORICAL YEARS, 2016-2020 (IN $ MILLION)
  • TABLE 23: GLOBAL RESEARCH INSTITUTES MARKET, BY REGION, FORECAST YEARS, 2021-2028 (IN $ MILLION)
  • TABLE 24: GLOBAL OTHER END-USERS MARKET, BY REGION, HISTORICAL YEARS, 2016-2020 (IN $ MILLION)
  • TABLE 25: GLOBAL OTHER END-USERS MARKET, BY REGION, FORECAST YEARS, 2021-2028 (IN $ MILLION)
  • TABLE 26: GLOBAL MEDICAL AND LAB REFRIGERATORS MARKET, BY REGION, HISTORICAL YEARS, 2016-2020 (IN $ MILLION)
  • TABLE 27: GLOBAL MEDICAL AND LAB REFRIGERATORS MARKET, BY REGION, FORECAST YEARS, 2021-2028 (IN $ MILLION)
  • TABLE 28: NORTH AMERICA MEDICAL AND LAB REFRIGERATORS MARKET, BY COUNTRY, HISTORICAL YEARS, 2016-2020 (IN $ MILLION)
  • TABLE 29: NORTH AMERICA MEDICAL AND LAB REFRIGERATORS MARKET, BY COUNTRY, FORECAST YEARS, 2021-2028 (IN $ MILLION)
  • TABLE 30: LEADING PLAYERS OPERATING IN NORTH AMERICA MEDICAL AND LAB REFRIGERATORS MARKET
  • TABLE 31: EUROPE MEDICAL AND LAB REFRIGERATORS MARKET, BY COUNTRY, HISTORICAL YEARS, 2016-2020 (IN $ MILLION)
  • TABLE 32: EUROPE MEDICAL AND LAB REFRIGERATORS MARKET, BY COUNTRY, FORECAST YEARS, 2021-2028 (IN $ MILLION)
  • TABLE 33: LEADING PLAYERS OPERATING IN EUROPE MEDICAL AND LAB REFRIGERATORS MARKET
  • TABLE 34: ASIA-PACIFIC MEDICAL AND LAB REFRIGERATORS MARKET, BY COUNTRY, HISTORICAL YEARS, 2016-2020 (IN $ MILLION)
  • TABLE 35: ASIA-PACIFIC MEDICAL AND LAB REFRIGERATORS MARKET, BY COUNTRY, FORECAST YEARS, 2021-2028 (IN $ MILLION)
  • TABLE 36: LEADING PLAYERS OPERATING IN ASIA-PACIFIC MEDICAL AND LAB REFRIGERATORS MARKET
  • TABLE 37: REST OF WORLD MEDICAL AND LAB REFRIGERATORS MARKET, BY REGION, HISTORICAL YEARS, 2016-2020 (IN $ MILLION)
  • TABLE 38: REST OF WORLD MEDICAL AND LAB REFRIGERATORS MARKET, BY REGION, FORECAST YEARS, 2021-2028 (IN $ MILLION)
  • TABLE 39: LEADING PLAYERS OPERATING IN REST OF WORLD MEDICAL AND LAB REFRIGERATORS MARKET
  • TABLE 40: LIST OF MERGERS & ACQUISITIONS
  • TABLE 41: LIST OF PRODUCT LAUNCHES & DEVELOPMENTS
  • TABLE 42: LIST OF PARTNERSHIPS & AGREEMENTS
  • TABLE 43: 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: GLOBAL MEDICAL AND LAB REFRIGERATORS MARKET, BY PRODUCT, IN 2020
  • FIGURE 6: GLOBAL MEDICAL AND LAB REFRIGERATORS MARKET, BY LABORATORY REFRIGERATORS, 2021-2028 (IN $ MILLION)
  • FIGURE 7: GLOBAL MEDICAL AND LAB REFRIGERATORS MARKET, BY PHARMACY REFRIGERATORS, 2021-2028 (IN $ MILLION)
  • FIGURE 8: GLOBAL MEDICAL AND LAB REFRIGERATORS MARKET, BY BLOOD BANK REFRIGERATORS, 2021-2028 (IN $ MILLION)
  • FIGURE 9: GLOBAL MEDICAL AND LAB REFRIGERATORS MARKET, BY ENZYME REFRIGERATORS, 2021-2028 (IN $ MILLION)
  • FIGURE 10: GLOBAL MEDICAL AND LAB REFRIGERATORS MARKET, BY OTHER PRODUCTS, 2021-2028 (IN $ MILLION)
  • FIGURE 11: GLOBAL MEDICAL AND LAB REFRIGERATORS MARKET, BY END-USER, IN 2020
  • FIGURE 12: GLOBAL MEDICAL AND LAB REFRIGERATORS MARKET, BY BLOOD BANKS, 2021-2028 (IN $ MILLION)
  • FIGURE 13: GLOBAL MEDICAL AND LAB REFRIGERATORS MARKET, BY PHARMACEUTICAL COMPANIES, 2021-2028 (IN $ MILLION)
  • FIGURE 14: GLOBAL MEDICAL AND LAB REFRIGERATORS MARKET, BY HOSPITALS & PHARMACIES, 2021-2028 (IN $ MILLION)
  • FIGURE 15: GLOBAL MEDICAL AND LAB REFRIGERATORS MARKET, BY RESEARCH INSTITUTES, 2021-2028 (IN $ MILLION)
  • FIGURE 16: GLOBAL 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)
  • FIGURE 20: EUROPE MEDICAL AND LAB REFRIGERATORS MARKET, COUNTRY OUTLOOK, 2020 & 2028 (IN %)
  • FIGURE 21: GERMANY MEDICAL AND LAB REFRIGERATORS MARKET, 2021-2028 (IN $ MILLION)
  • FIGURE 22: FRANCE MEDICAL AND LAB REFRIGERATORS MARKET, 2021-2028 (IN $ MILLION)
  • FIGURE 23: UNITED KINGDOM MEDICAL AND LAB REFRIGERATORS MARKET, 2021-2028 (IN $ MILLION)
  • FIGURE 24: ITALY MEDICAL AND LAB REFRIGERATORS MARKET, 2021-2028 (IN $ MILLION)
  • FIGURE 25: RUSSIA MEDICAL AND LAB REFRIGERATORS MARKET, 2021-2028 (IN $ MILLION)
  • FIGURE 26: BELGIUM MEDICAL AND LAB REFRIGERATORS MARKET, 2021-2028 (IN $ MILLION)
  • FIGURE 27: POLAND MEDICAL AND LAB REFRIGERATORS MARKET, 2021-2028 (IN $ MILLION)
  • FIGURE 28: REST OF EUROPE MEDICAL AND LAB REFRIGERATORS MARKET, 2021-2028 (IN $ MILLION)
  • FIGURE 29: ASIA-PACIFIC MEDICAL AND LAB REFRIGERATORS MARKET, COUNTRY OUTLOOK, 2020 & 2028 (IN %)
  • FIGURE 30: CHINA MEDICAL AND LAB REFRIGERATORS MARKET, 2021-2028 (IN $ MILLION)
  • FIGURE 31: JAPAN MEDICAL AND LAB REFRIGERATORS MARKET, 2021-2028 (IN $ MILLION)
  • FIGURE 32: INDIA MEDICAL AND LAB REFRIGERATORS MARKET, 2021-2028 (IN $ MILLION)
  • FIGURE 33: AUSTRALIA & NEW ZEALAND MEDICAL AND LAB REFRIGERATORS MARKET, 2021-2028 (IN $ MILLION)
  • FIGURE 34: SOUTH KOREA MEDICAL AND LAB REFRIGERATORS MARKET, 2021-2028 (IN $ MILLION)
  • FIGURE 35: MALAYSIA MEDICAL AND LAB REFRIGERATORS MARKET, 2021-2028 (IN $ MILLION)
  • FIGURE 36: INDONESIA MEDICAL AND LAB REFRIGERATORS MARKET, 2021-2028 (IN $ MILLION)
  • FIGURE 37: SINGAPORE MEDICAL AND LAB REFRIGERATORS MARKET, 2021-2028 (IN $ MILLION)
  • FIGURE 38: REST OF ASIA-PACIFIC MEDICAL AND LAB REFRIGERATORS MARKET, 2021-2028 (IN $ MILLION)
  • FIGURE 39: REST OF WORLD MEDICAL AND LAB REFRIGERATORS MARKET, REGIONAL OUTLOOK, 2020 & 2028 (IN %)
  • FIGURE 40: LATIN AMERICA MEDICAL AND LAB REFRIGERATORS MARKET, 2021-2028 (IN $ MILLION)
  • FIGURE 41: MIDDLE EAST & AFRICA MEDICAL AND LAB REFRIGERATORS MARKET, 2021-2028 (IN $ MILLION)