Market Research Report
Asia Pacific Medical and Lab Refrigerator Market Forecast to 2027 - COVID-19 Impact and Regional Analysis by Product Type ; End User, and Country
|Asia Pacific Medical and Lab Refrigerator Market Forecast to 2027 - COVID-19 Impact and Regional Analysis by Product Type ; End User, and Country|
Published: November 12, 2020
The Insight Partners
Content info: 103 Pages
Delivery time: 1-2 business days
The Asia Pacific medical and lab refrigerator market is expected to reach US$ 913.50 million by 2027 from US$ 623.74 million in 2019; it is estimated to grow at a CAGR of 4.9% from 2020 to 2027.
The healthcare industry across the region is anticipated to continue its growth in the areas of new entities, investments, and products during the forecast period. Also, ASEAN countries are now investing in innovative vaccines and thus enhanced evolution of healthcare industry has good opportunities.
The healthcare industry across Asia Pacific is transforming due to the changing consumer expectations and demographics, which creates competition among players operating in the industry. By 2025, around half a billion people across Asia Pacific would be aged 65 or older. Apart from the rising aging population, the incidence of various infectious diseases is also surging in the region. This has encouraged large public and private investments in the healthcare infrastructure resulting in the construction of new medical facilities and pharmacies, which propels the demand for medical and lab refrigerators in Asia Pacific.
The governments of emerging economies are significantly focusing on the enhancement of their healthcare infrastructure, which drives the growth of the Asia Pacific medical and lab refrigerator market.
Based on end use, the Asia Pacific medical and lab refrigerator market is segmented into blood banks, pharmaceutical companies, hospitals and pharmacies, research institutes, and others.
To understand the Asia Pacific Medical and Lab Refrigerator market landscape and identify market segments that are most likely to guarantee a strong return
Stay ahead of the race by comprehending the ever-changing competitive landscape for the Asia Pacific Medical and Lab Refrigerator market
Efficiently plan M&A and partnership deals in the Asia Pacific Medical and Lab Refrigerator market by identifying market segments with the most promising probable sales
Helps to take knowledgeable business decisions from perceptive and comprehensive analysis of market performance of various segment form the Asia Pacific Medical and Lab Refrigerator market
Obtain market revenue forecast for market by various segments from 2019 to 2027 in the region