PUBLISHER: The Business Research Company | PRODUCT CODE: 1108606
PUBLISHER: The Business Research Company | PRODUCT CODE: 1108606
“Medical Refrigerators Global Market Report 2022 ” from The Business Research Company provides the strategists, marketers and senior management with the critical information they need to assess the global medical refrigerators market.
This report focuses on medical refrigerators market which is experiencing strong growth. The report gives a guide to the medical refrigerators market which will be shaping and changing our lives over the next ten years and beyond, including the markets response to the challenge of the global pandemic.
Where is the largest and fastest growing market for the medical refrigerators? How does the market relate to the overall economy, demography and other similar markets? What forces will shape the market going forward? “The Medical Refrigerators market global report ” from The Business Research Company answers all these questions and many more.
The report covers market characteristics, size and growth, segmentation, regional and country breakdowns, competitive landscape, market shares, trends and strategies for this market. It traces the market's historic and forecast market growth by geography. It places the market within the context of the wider medical refrigerators market, and compares it with other markets.
Markets Covered: 1) By Product Type: Blood Bank Refrigerator And Plasma Freezer; Laboratory Refrigerator And Freezer; Pharmacy Refrigerator And Freezer; Chromatography Refrigerator And Freezer; Enzyme Refrigerator And Freezer; Ultra-Low-Temperature freezers; Cryogenic Storage Systems
2) By Design Type: Explosive-Proof Refirgerators; Undercounter Medical Refrigerators; Countertop Medical Refrigerators; Flammable Material Storage Refrigerators
3) By Temperature Control Range: Between 2°C and 8°C; Between 0°C and -40°C; and Under -40°C
4) By Volume: Below 50 Litres
400-600 Litres; More Than 600 Litres
5) By End-User: Blood Banks; Pharmaceutical Companies; Hospital and Pharmacies; Research Institutes; Medical And Diagnostic Centres
Companies Mentioned: Thermo Fisher Scientific Inc.; Blue Star Limited; Haier Biomedical; Helmer Scientific Inc.; Vestfrost Solutions
Countries: Australia; Brazil; China; France; Germany; India; Indonesia; Japan; Russia; South Korea; UK; USA
Regions: Asia-Pacific; Western Europe; Eastern Europe; North America; South America; Middle East; Africa
Time series: Five years historic and ten years forecast.
Data: Ratios of market size and growth to related markets, GDP proportions, expenditure per capita,
Data segmentations: country and regional historic and forecast data, market share of competitors, market segments.
Sourcing and Referencing: Data and analysis throughout the report is sourced using end notes.
Major players in the medical refrigerators market are: Thermo Fisher Scientific Inc., Blue Star Limited, Haier Biomedical, Helmer Scientific Inc., Vestfrost Solutions, Zhongke Meiling Cyrogenics Company Limited, Philips Kirsch GmbH, LEC Medical, Panasonic, Froilabo SAS, LabRepCo LLC, Aucma, Standex International Corporation, Godrej Group, Fiochetti, PHC Holdings Corporation, Follett LLC, Labcold, Dulas Ltd, HMG India, Felix Storch Inc, SO-LOW, Indrel, Eppendorf AG, and Migali Scientific.
The global medical refrigerators market is expected to grow from $3.88 billion in 2021 to $4.12 billion in 2022 at a compound annual growth rate (CAGR) of 6.1%. The medical refrigerators market is expected to grow to $5.23 billion in 2026 at a CAGR of 6.2%.
The medical refrigerator market consists of sales of the refrigerator by entities (organizations, sole traders, and partnerships) that are used to store vaccines and biological samples including blood, blood derivatives, biological reagents, vaccines, pharmaceuticals, flammable chemicals, ribonucleic acid (RBA), and deoxyribonucleic acid (DRA) (DNA). Medical refrigerators have microprocessor-based controls for a more accurate temperature range, as well as fans that offer forced-air circulation to reduce cold/warm spots and encourage a more consistent temperature across the storage compartment. It is used by hospitals, blood banks, diagnostic centers, pharmacies, educational institutions, and research laboratories to store biological materials.
The main types of medical refrigerators are blood bank refrigerators and plasma freezers, laboratory refrigerators and freezers, pharmacy refrigerators and freezers, chromatography refrigerators and freezers, enzyme refrigerators and freezers, ultra-low-temperature freezers, and cryogenic storage systems. The blood bank refrigerator keeps whole blood, blood components (such as blood cells and plasma), and reagents are safe and accessible. It ensures the freshness and integrity of blood and blood components. They are used by various end-users such as blood banks, pharmaceutical companies, hospitals and pharmacies, research institutes, and medical and diagnostic centers. There are different designs of medical refrigerators such as explosive-proof refrigerators, under counter medical refrigerators, countertop medical refrigerators, and flammable material storage refrigerators and the temperature range of the medical refrigerators is between 2°C to 8°C, between 0°C to -40°C, and under -40°C. The storage volume capacities of the medical refrigerators are below 50 litres, 50 to 200 litres, 200 to 400 litres, 400 to 600 litres, and more than 600 litres.
North America was the largest region in the medical refrigerators market in 2021. The regions covered in the medical refrigerators market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, and Africa.
The medical refrigerators market research report is one of a series of new reports from The Business Research Company that provides medical refrigerators market statistics, including medical refrigerators industry global market size, regional shares, competitors with a medical refrigerators market share, detailed medical refrigerators market segments, market trends and opportunities, and any further data you may need to thrive in the medical refrigerators industry. This medical refrigerators market research report delivers a complete perspective of everything you need, with an in-depth analysis of the current and future scenario of the industry.
The rising demand for storing biological products, blood samples, blood reagents, vaccines, DNA samples, and other chemicals is propelling the growth of the medical refrigerator market. The increased demand for biologic products is driven by an increase in the demand for donated blood, an increase in the number of blood donors worldwide, and an increase in the prevalence of infectious illnesses. These products require a constant temperature to preserve and increase their life span to keep them long-lasting. This requirement is fulfilled by the medical refrigerators that can store these products at as low as minus 80-degree Celsius. According to the report published by the World Health Organization, a specialized agency of the United Nations responsible for international public health, in 2020, 118.5 million blood donations were obtained globally. In low-income nations, children under the age of five account for up to 54% of all blood transfusions, but in high-income countries, the most frequently transfused patient group is over 60 years old, accounting for up to 75% of all transfusions. Thus, the high demand for biological materials such as blood samples, DNA samples, and vaccines, among others is expected to support the growth of medical refrigerators during the forecast period.
Technological advancements are shaping the medical refrigerator market. Many companies are developing new technologies for medical refrigerators for storing medicines and blood to help the medical industry enhance their storing ability and use products in long run. In 2019, Helmer Scientific, a US-based cold storage and processing equipment company launched professional medical refrigerators with OptiCool cooling technology in its GX Solution Refrigerator line. GX Solutions are optimal temperature management (uniformity, recovery, and stability), noise management, and energy management solutions for special vital healthcare applications. GX Solutions is powered by OptiCoolTM cooling technology, which combines a variable-capacity compressor (VCC) with hydrocarbons (HC) to produce performance characteristics that provide a better storage environment, lower energy use, and enhance environmental sustainability.
In June 2020, Dulas a UK-based company that pioneered the innovative use of solar, hydro, wind renewable energy, and cutting-edge health care refrigerators for vaccine storage acquired Polestar for an undisclosed amount. The acquisition aimed to strengthen Dulas' product portfolios in the refrigeration sector. Polestar is a UK-based industrial and medical refrigeration manufacturing company.
The countries covered in the medical refrigerators market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA.