Medical Refrigerators Market size worth $ 5.10 Billion, Globally, by 2030 at 5.3% CAGR: Verified Market Research®

The factors like increasing demand for blood and blood components, technological advancements in medical refrigerators, a growing emphasis on temperature uniformity and energy efficiency is expected to foster Medical Refrigerators Market growth.

JERSEY CITY, New Jersey, July 18, 2022 (GLOBE NEWSWIRE) -- Verified Market Research recently published a report, “Medical Refrigerators Market” By Product Type (Ultra-Low-Temperature Freezers, Pharmacy Refrigerator and Freezer), By End-Users (Blood Banks, Pharmaceutical Companies), and By Geography. According to Verified Market Research, the Medical Refrigerators Market size was valued at USD 3.5 Billion in 2021 and is projected to reach USD 5.10 Billion by 2030, growing at a CAGR of 5.3% from 2022 to 2030.

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Global Medical Refrigerators Market Overview

The rise in the application of medical refrigerators for maintaining the integrity of blood and plasm products could be a key growth driver for the Medical Refrigerators Market. Strides in transfusion medication have propelled clinicians’ and attention practitioners’ awareness regarding GMP for contemporary frozen plasmas extending the horizon for players within the Medical Refrigerators Market. The introduction is additionally used for hypovolemic and hemorrhagic shock. The growing incidence of medical disorders and the increasing range of traumatic and road accidents have propelled the demand for blood products. In recent years, the role of medical refrigeration in preserving vaccines has earned a groundswell of attention among manufacturers and customers alike.

Significantly, the Medical Refrigerators Market has witnessed a new avenue on the back of the global need to be compelled to guarantee an adequate offer of COVID-19 vaccines throughout the supply to the storage at the dispensing center. New under-top and tabletop styles have come back to draw in customers and boost the demand of those over the past few years. Notably, in blood banks, the demand for these has up in rising economies, anchored within the advancement in patient care and medical infrastructure for hospital settings. These trends are boosting the Medical Refrigerators Market. The rising number of surgeries, as well as the increasing prevalence of disorders as well as anemia and cancer, is leading to a rise in introduction procedures. It is crucial to take care of the best temperature and hygiene throughout the storage and transportation of blood still as blood parts. The American National Red Cross estimates that almost 16 million blood parts are transfused every year in America. With the rise in the demand for blood transfusions, there is a need for blood storage centers and blood banks, which, in turn, is driving the expansion of the Medical Refrigerators Market

Key Developments

  • January 2022: B Medical Systems announced that it is opening a new manufacturing facility in India. The company’s huge investment and more production capacity for medical cold chain products such as freezers and vaccine refrigerators scaled up the demand in the market.

Key Players

The major players in the market are Thermo Fisher Scientific Inc. (US), Blue Star Limited (India), Haier Biomedical (China), Aucma (China), Standex International Corporation (US), Godrej & Boyce Manufacturing Co Ltd. (India), Helmer Scientific Inc. (US), Vestfrost Solutions (Denmark), Zhongke Meiling Cryogenics Company Limited (China), Fiochetti (Italy).

Verified Market Research has segmented the Global Medical Refrigerators Market On the basis of Product Type, End-Users, and Geography.

  • Medical Refrigerators Market, By Product Type
    • Blood Bank Refrigerator & Plasma Freezer
    • Ultra-Low-Temperature Freezers
    • Pharmacy Refrigerator & Freezer
    • Others

  • Medical Refrigerators Market, By End-Users

    • Blood Banks
    • Pharmaceutical Companies
    • Hospital & Pharmacies
  • Medical Refrigerators Market, by Geography
    • North America
      • U.S
      • Canada
      • Mexico
    • Europe
      • Germany
      • France
      • U.K
      • Rest of Europe
    • Asia Pacific
      • China
      • Japan
      • India
      • Rest of Asia Pacific
    • ROW
      • Middle East & Africa
      • Latin America

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