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    Medical Refrigerators Market | Covid-19 Impact Analysis

    Medical Refrigerators Market | Covid-19 Impact Analysis

    Medical Refrigerators Market | Covid-19 Impact Analysis
    Report code - SRHL183 Delivery - 2 Weeks
    Medical Refrigerators Market Size, Share, Trend, Forecast, & Industry Analysis – See more...
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    Medical Refrigerators Market Insights

    Medical Refrigerators market is likely to witness an impressive CAGR of 4.5% during the forecast period. The surge in demand for safe storage of blood and blood derivatives from hospitals, pharmacies, clinics, and diagnostic centers is the major factor bolstering the demand for medical refrigerators, globally.

    Medical Refrigerators Market - Snapshot

    Growth

    4.5% for the next five years

    Major Product Type

    Blood Bank Refrigerators & Plasma Freezers

    Dominant End-Use Type

    Blood Banks

    Region with the highest demand

    Asia-Pacific

    Key Players

    Blue Star Limited, Felix Storch Inc, Follett LLC, Helmer Scientific,

    Haier Biomedical, LEC Medical, Philipp Kirsch GmbH,

    PHC Holdings Corporation, Thermo Fisher Scientific Inc., and

    Vestfrost Solutions.

     

    Market Share Analysis

    Medical-Refrigerators-Market-Dominant-Segments

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    Medical Refrigerators Market Share: By Product Type

    Based on the product type, the market is segmented as blood bank refrigerators & plasma freezers, laboratory refrigerators & freezers, pharmacy refrigerators & freezers, chromatography refrigerators & freezers, enzyme refrigerators & freezers, ultra-low-temperature freezers, and cryogenic storage systems. The blood bank refrigerators & plasma freezers product segment held the largest share of the market in 2019, and is expected to remain dominant during the forecast period. The extensive use of blood bank refrigerators & plasma freezers in blood banks, pharmaceutical companies, hospitals, & pharmacies, research institutes, and medical laboratories is driving the growth of this segment.

    Medical Refrigerators Market Share: By End-Use Type

    Based on the end-use type, the medical refrigerators market is segmented as blood banks, pharmaceutical companies, hospitals & pharmacies, research institutes, and medical laboratories, and diagnostic centers. The blood banks industry segment dominates the market, as there is an increase in prevalence of hematological diseases and a rise in the number of accidents, which have raised the demand for plasma for use in plasma fractionation procedures.

    Medical Refrigerators Market Share: By Region

    In terms of regions, North America is estimated to be the largest as well as fastest-growing medical refrigerators market during the forecast period, with the USA, Canada, and Mexico being the major countries with lucrative growth opportunities. The growth of the market is driven by the growth of various end-use industries, such as blood banks, pharmaceutical companies, hospitals & pharmacies, research institutes, and medical laboratories, and diagnostic centers, which are generating huge demand for medical refrigerators. Asia-Pacific and Europe are also expected to offer substantial growth opportunities during the forecast period.

    Medical-Refrigerators-Market-By-Region

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    Some of the major medical refrigerator manufacturers are-

    • Blue Star Limited
    • Felix Storch Inc
    • Follett LLC
    • Helmer Scientific
    • Haier Biomedical
    • LEC Medical
    • Philipp Kirsch GmbH
    • PHC Holdings Corporation
    • Thermo Fisher Scientific Inc.
    • Vestfrost Solutions.

     

    Market Scope & Segmentation

    Medical Refrigerators are medical equipment that are used to store a variety of samples of biological origin such as blood, derivatives of blood, biological reagents, vaccines, medicines, flammable chemicals, ribonucleic acid (RBA), and deoxyribonucleic acid (DNA).

    Medical Refrigerators are of different types, such as blood bank refrigerators & plasma freezers, laboratory refrigerators & freezers, pharmacy refrigerators & freezers, chromatography refrigerators & freezers, enzyme refrigerators & freezers, ultra-low-temperature freezers, and cryogenic storage systems, that are used in various end-use industries such as blood banks, pharmaceutical companies, hospitals & pharmacies, research institutes, and medical laboratories, and diagnostic centers.

    This report studies the market covering a period of 12 years of trend and forecast. The report provides detailed insights into the market dynamics to enable informed business decision making and growth strategy formulation based on tsshe opportunities present in the market.

    Medical Refrigerators Market Research Report - Features

    Market Segmentation

    3

    Regions Covered

    4

    Countries/Sub-Regions Covered

    17

    No. of Figures & Tables

    >150

    Company Profiles

    10

     

    The medical refrigerators market is segmented into the following categories. 

    Medical Refrigerators Market Size, Share, & Forecast, by Product Type:

    • Blood Bank Refrigerators & Plasma Freezers (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)
    • Laboratory Refrigerators & Freezers (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)
    • Pharmacy Refrigerators & Freezers (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)
    • Chromatography Refrigerators & Freezers (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)
    • Enzyme Refrigerators & Freezers (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)
    • Ultra-Low-Temperature Freezers (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)
    • Cryogenic Storage Systems (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)

    Medical Refrigerators Market Size, Share, & Forecast, by End-Use Type:

    • Blood Banks (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)
    • Pharmaceutical Companies (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)
    • Hospitals & Pharmacies (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)
    • Research Institutes (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)
    • Medical Laboratories (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)
    • Diagnostic Centers (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)

    Medical Refrigerators Market Size, Share, & Forecast, by Region:

    • North America (Country Analysis: the USA, Canada, and Mexico) 
    • Europe (Country Analysis: Germany, France, the UK, Russia, Spain, and Rest of Europe)
    • Asia-Pacific (Country Analysis: China, Japan, India, South Korea, and Rest of Asia-Pacific)
    • Rest of the World (Sub-Region Analysis: Latin America, the Middle East, and Others)

     

    Research Methodology

    This report offers high-quality insights and is the outcome of detailed research methodology comprising extensive secondary research, rigorous primary interviews with industry stakeholders and validation and triangulation with Stratview Research’s internal database and statistical tools. More than 1,000 authenticated secondary sources, such as company annual reports, fact book, press release, journals, investor presentation, white papers, patents, and articles have been leveraged to gather the data. We conducted more than 10 detailed primary interviews with the market players across the value chain in all four regions and with industry experts to obtain both the qualitative and quantitative insights.

     

    Report Features

    This report provides market intelligence in the most comprehensive way. The report structure has been kept such that it offers maximum business value. It provides critical insights into the market dynamics and will enable strategic decision making for the existing market players as well as those willing to enter the market. The following are the key features of the report:

    • Market structure: Overview, industry life cycle analysis, supply chain analysis
    • Market environment analysis: Growth drivers and constraints, Porter’s five forces analysis, SWOT analysis
    • Market trend and forecast analysis
    • Market segment trend and forecast
    • Competitive landscape and dynamics: Market share, product portfolio, product launches, etc.
    • Attractive market segments and associated growth opportunities
    • Emerging trends
    • Strategic growth opportunities for the existing and new players
    • Key success factors

     

    Report Customization Options

    With this detailed report, Stratview Research offers one of the following free customization options to our respectable clients:

    Company Profiling

    • Detailed profiling of additional market players (up to 3 players)
    • SWOT analysis of key players (up to 3 players)

    Market Segmentation

    • Current market segmentation of any one of the product types by end-use type.  

    Competitive Benchmarking

    • Benchmarking of key players on the following parameters: Product portfolio, geographical reach, regional presence, and strategic alliances

    Custom Research: Stratview Research offers custom research services across sectors. In case of any custom research requirement related to market assessment, competitive benchmarking, sourcing and procurement, target screening, and others, please send your inquiry at [email protected]


    Frequently Asked Questions (FAQs)

    What will be the growth of Medical Refrigerators Market in the foreseeable future?

    The medical refrigerator market is expected to witness an impressive growth of 4.5% CAGR in the foreseeable future.

    Who are the key players in the Medical Refrigerators Market?

    Blue Star Limited, Felix Storch Inc, Follett LLC, Helmer Scientific, Haier Biomedical, LEC Medical, Philipp Kirsch GmbH, PHC Holdings Corporation, Thermo Fisher Scientific Inc., and Vestfrost Solutions are among the key players in the Medical Refrigerators Market.

    Which country/region is expected to be the largest medical refrigerators market?

    North America is expected to be the largest medical refrigerators market during the next five years.

    Which product type is expected to remain dominant in the Medical Refrigerators Market?

    The blood bank refrigerators & plasma freezers product segment is expected to remain dominant in the medical refrigerators market in the coming years.

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