Dublin, Dec. 21, 2022 (GLOBE NEWSWIRE) -- The "Medical Refrigerators Global Market Report 2022" report has been added to ResearchAndMarkets.com's offering.
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%.
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 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.
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| Report Attribute | Details |
| No. of Pages | 175 |
| Forecast Period | 2022 - 2026 |
| Estimated Market Value (USD) in 2022 | $4.12 billion |
| Forecasted Market Value (USD) by 2026 | $5.23 billion |
| Compound Annual Growth Rate | 6.1% |
| Regions Covered | Global |
Scope
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 2C and 8C; Between 0C and -40C; and Under -40C
4) By Volume: Below 50 Litres; 50-200 Litres; 200-400 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
Key Topics Covered:
1. Executive Summary
2. Medical Refrigerators Market Characteristics
3. Medical Refrigerators Market Trends And Strategies
4. Impact Of COVID-19 On Medical Refrigerators
5. Medical Refrigerators Market Size And Growth
6. Medical Refrigerators Market Segmentation
7. Medical Refrigerators Market Regional And Country Analysis
8. Asia-Pacific Medical Refrigerators Market
9. China Medical Refrigerators Market
10. India Medical Refrigerators Market
11. Japan Medical Refrigerators Market
12. Australia Medical Refrigerators Market
13. Indonesia Medical Refrigerators Market
14. South Korea Medical Refrigerators Market
15. Western Europe Medical Refrigerators Market
16. UK Medical Refrigerators Market
17. Germany Medical Refrigerators Market
18. France Medical Refrigerators Market
19. Eastern Europe Medical Refrigerators Market
20. Russia Medical Refrigerators Market
21. North America Medical Refrigerators Market
22. USA Medical Refrigerators Market
23. South America Medical Refrigerators Market
24. Brazil Medical Refrigerators Market
25. Middle East Medical Refrigerators Market
26. Africa Medical Refrigerators Market
27. Medical Refrigerators Market Competitive Landscape And Company Profiles
28. Key Mergers And Acquisitions In The Medical Refrigerators Market
29. Medical Refrigerators Market Future Outlook and Potential Analysis
30. Appendix
Companies Mentioned
- 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
- Migali Scientific
For more information about this report visit https://www.researchandmarkets.com/r/4f1mw
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