Medical Refrigerators Market: Global Market Estimation, Dynamics, Regional Share, Trends, Competitor Analysis 2017-2021 and Forecast 2022-2028

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Medical Refrigerators Market:  Product Type (Vaccine Storage Refrigerator, Blood Bank Refrigerators, Plasma Freezers,  Shock Freezers,  Lab Refrigerators,  Lab Freezers,  Ultra-low Temperature Freezers, Others), Design Type (Countertop Medical Refrigerator, Undercounter Medical Refrigerator, Explosion-Proof Refrigerator, Flammable Material Storage Refrigerator), Door (Single Door, Double Door, Others), Capacity (<100 L, 100 L – 300 L, above 300 L,), End-user (Blood Banks, Pharmaceutical Companies, Research Institutes, Medical Laboratories, Hospitals & Pharmacies)

 

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Report

Description

Medical Refrigerators Market size is valued at USD 3,725.2 million in 2021 and is expected to grow at a CAGR of 6.2% during the forecast period 2022 to 2028. The global market provides a detailed overview of the Medical Refrigerators market and which can be segmented by design type, door type, product type, end user, and region. By design type, the medical refrigerators market has been segmented into countertop medical refrigerators, under-counter medical refrigerators, flammable material storage refrigerators, and explosion-proof refrigerators. By door type, the Medical Refrigerators market has been segmented into double doors and single doors. By product type, the Medical Refrigerators market has been segmented into blood bank refrigerators & plasma freezers, chromatography refrigerators & freezers, cryogenic storage systems, enzyme refrigerators & freezers, laboratory refrigerators & freezers, pharmacy refrigerators & freezers, and ultra-low temperature freezers. By product type, the Ultra-Low-Temperature Freezers segment is expected to grow at a rapid pace during the forecast period. Ultra-Low-Temperature Freezers are used for storage in the long term in laboratories, universities, hospitals, or scientific research facilities. Based on the end user, the segment has been segregated into blood banks, diagnostic centers, hospitals & pharmacies, medical laboratories, pharmaceutical companies, and research institutes. The Blood Banks segment is expected to grow at a faster rate during the forecast period. Blood Banks are a place where blood or blood plasma is collected, stored, and processed for storage under refrigeration for future use in blood transfusion procedures.

Key Development:

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

Medical Refrigerators Market

MARKET SUMMARY
-
6.2%
  • Study Period– 2022 – 2028
  • Base Year– 2021
  • CAGR– 6.2%
  • Largest Market– North America
  • Fastest Growing- Asia Pacific

Medical Refrigerators Market

  • The report on global medical refrigerators market gives historical, current, and future market sizes (US$ Bn) on the basis of product type, design type, door, capacity, end user and geography.
  • The medical refrigerators market report gives comprehensive outlook across the region with special emphasis on key regions such as North America, Europe, Asia Pacific, Latin America and Middle East and Africa.
Key Players
  • Blue Star Limited
  • Felix Storch, Inc.
  • Follett LLC
  • Haier Biomedical
  • Helmer Scientific
  • LEC Medical
Medical Refrigerators Market Drivers and Restraints

The rising prevalence of chronic diseases such as infectious diseases is increasing the demand for the medical refrigerators market. Also, demand for blood transfusions, biological products, and DNA-based medications is increasing as the number of cases of several chronic disorders rises. Hypovolemic/hemorrhagic shock can also be treated with blood transfusion. The demand for blood products has boomed as the number of hematological disorders and traumatic and road accidents have increased.


Asia-Pacific Got Significant Share

Medical Refrigerators Market

Asia Pacific is expected to be a lucrative region with huge potential opportunities. The growth is further fuelled by the rise in demand for blood and plasma products in meeting the needs of the target population.

Latin America
Latin-America
North-America
North-America
Europe
Europe
Asia Pacific
Asia-Pacific
Middle East
Middle East

Key

Features of the Report

  • The medical refrigerators market report provides granular level information about the market size, regional market share, historic market (2017-2021), and forecast (2022-2028)
  • The report covers in-detail insights about the competitor’s overview, company share analysis, key market developments, and key strategies
  • The report outlines drivers, restraints, unmet needs, and trends that are currently affecting the market
  • The report tracks recent innovations, key developments and startup’s details that are actively working in the market
  • The report provides plethora of information about market entry strategies, regulatory framework and reimbursement scenario
  • The report analyses the impact of the socio-political environment through PESTLE Analysis and competition through Porter’s Five Force Analys
Medical Refrigerators Market Segmentation


Location

GEOGRAPHY

Frequently Asked Questions

Factors like increasing demand for blood and blood components, technological advancements in medical refrigerators, and increasing R&D activities to launch new drug compounds. Furthermore, an increasing emphasis on temperature uniformity and energy efficiency is expected to boost market growth during the forecast period.

The global medical refrigerators market size is valued at USD 3,725.2 million in 2021 and is expected to grow at a CAGR of 6.2% during the forecast period 2022 to 2028. Rising incidences of chronic diseases worldwide. Furthermore, the rising use of medical refrigerators for preserving insulin, chemotherapy drugs, and a range of topical preparations has fueled the revenue streams for the medical refrigerators market. Developing economies are keen on adopting new medical refrigeration technologies for the cold chain to ensure the safe storage of medicines.

A rise in the adoption of advanced technologies in the healthcare sector is creating growth opportunities.

Based on the product, the ultra-low-temperature freezers segment is expected to grow at a rapid pace during the forecast period. Ultra-Low-Temperature Freezers are used for long-term storage in laboratories, universities, hospitals, or scientific research sectors.


Report

Table Of Content

1. Executive Summary
2. Global Medical Refrigerators Market Introduction
2.1. Global Medical Refrigerators Market – Taxonomy
2.2. Global Medical Refrigerators Market –Definitions
2.2.1. Product Type
2.2.2. Design Type
2.2.3. Door
2.2.4. Capacity
2.2.5. End-user
3. Global Medical Refrigerators Market Dynamics
3.1. Drivers
3.2. Restraints
3.3. Opportunities/Unmet Needs of the Market
3.4. Trends
3.5. Global Medical Refrigerators Market Dynamic Factors – Impact Analysis
3.6. Global Medical Refrigerators Market – Competition Landscape
4. Global Medical Refrigerators Market Analysis, 2017 – 2021 and Forecast, 2022 – 2028
4.1. Market Analysis, 2017 – 2021 and Forecast, 2022 – 2028 (Revenue, USD Mn)
4.2. Year-over-Year (Y-o-Y) Growth Analysis (%)
4.3. Market Opportunity Analysis
5. Global Medical Refrigerators Market Forecast, By Product Type, 2017 – 2021 and Forecast, 2022 – 2028
5.1. Vaccine Storage Refrigerators
5.1.1. Market Analysis, 2017 – 2021 and Forecast, 2022 – 2028 (Revenue, USD Mn)
5.1.2. Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%)
5.1.3. Market Opportunity Analysis
5.2. Blood Bank Refrigerators
5.2.1. Market Analysis, 2017 – 2021 and Forecast, 2022 – 2028 (Revenue, USD Mn)
5.2.2. Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%)
5.2.3. Market Opportunity Analysis
5.3. Plasma Freezers
5.3.1. Market Analysis, 2017 – 2021 and Forecast, 2022 – 2028 (Revenue, USD Mn)
5.3.2. Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%)
5.3.3. Market Opportunity Analysis
5.4. Shock Freezers
5.4.1. Market Analysis, 2017 – 2021 and Forecast, 2022 – 2028 (Revenue, USD Mn)
5.4.2. Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%)
5.4.3. Market Opportunity Analysis
5.5. Lab Refrigerators
5.5.1. Market Analysis, 2017 – 2021 and Forecast, 2022 – 2028 (Revenue, USD Mn)
5.5.2. Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%)
5.5.3. Market Opportunity Analysis
5.6. Lab Freezers
5.6.1. Market Analysis, 2017 – 2021 and Forecast, 2022 – 2028 (Revenue, USD Mn)
5.6.2. Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%)
5.6.3. Market Opportunity Analysis
5.7. Ultra-low Temperature Freezers
5.7.1. Market Analysis, 2017 – 2021 and Forecast, 2022 – 2028 (Revenue, USD Mn)
5.7.2. Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%)
5.7.3. Market Opportunity Analysis
5.8. Others
5.8.1. Market Analysis, 2017 – 2021 and Forecast, 2022 – 2028 (Revenue, USD Mn)
5.8.2. Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%)
5.8.3. Market Opportunity Analysis
6. Global Medical Refrigerators Market Forecast, By Design Type, 2017 – 2021 and Forecast, 2022 – 2028
6.1. Countertop Medical Refrigerator
6.1.1. Market Analysis, 2017 – 2021 and Forecast, 2022 – 2028 (Revenue, USD Mn)
6.1.2. Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%)
6.1.3. Market Opportunity Analysis
6.2. Undercounter Medical Refrigerator
6.2.1. Market Analysis, 2017 – 2021 and Forecast, 2022 – 2028 (Revenue, USD Mn)
6.2.2. Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%)
6.2.3. Market Opportunity Analysis
6.3. Explosion-Proof Refrigerator
6.3.1. Market Analysis, 2017 – 2021 and Forecast, 2022 – 2028 (Revenue, USD Mn)
6.3.2. Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%)
6.3.3. Market Opportunity Analysis
6.4. Flammable Material Storage Refrigerator
6.4.1. Market Analysis, 2017 – 2021 and Forecast, 2022 – 2028 (Revenue, USD Mn)
6.4.2. Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%)
6.4.3. Market Opportunity Analysis
7. Global Medical Refrigerators Market Forecast, By Door Type, 2017 – 2021 and Forecast, 2022 – 2028
7.1. Single Door
7.1.1. Market Analysis, 2017 – 2021 and Forecast, 2022 – 2028 (Revenue, USD Mn)
7.1.2. Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%)
7.1.3. Market Opportunity Analysis
7.2. Double Door
7.2.1. Market Analysis, 2017 – 2021 and Forecast, 2022 – 2028 (Revenue, USD Mn)
7.2.2. Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%)
7.2.3. Market Opportunity Analysis
7.3. Others
7.3.1. Market Analysis, 2017 – 2021 and Forecast, 2022 – 2028 (Revenue, USD Mn)
7.3.2. Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%)
7.3.3. Market Opportunity Analysis
8. Global Medical Refrigerators Market Forecast, By Capacity, 2017 – 2021 and Forecast, 2022 – 2028
8.1. <100 L
8.1.1. Market Analysis, 2017 – 2021 and Forecast, 2022 – 2028 (Revenue, USD Mn)
8.1.2. Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%)
8.1.3. Market Opportunity Analysis
8.2. 100 L – 300 L
8.2.1. Market Analysis, 2017 – 2021 and Forecast, 2022 – 2028 (Revenue, USD Mn)
8.2.2. Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%)
8.2.3. Market Opportunity Analysis
8.3. Above 300 L
8.3.1. Market Analysis, 2017 – 2021 and Forecast, 2022 – 2028 (Revenue, USD Mn)
8.3.2. Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%)
8.3.3. Market Opportunity Analysis
9. Global Medical Refrigerators Market Forecast, By End-User, 2017 – 2021 and Forecast, 2022 – 2028
9.1. Blood Banks
9.1.1. Market Analysis, 2017 – 2021 and Forecast, 2022 – 2028 (Revenue, USD Mn)
9.1.2. Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%)
9.1.3. Market Opportunity Analysis
9.2. Pharmaceutical Companies
9.2.1. Market Analysis, 2017 – 2021 and Forecast, 2022 – 2028 (Revenue, USD Mn)
9.2.2. Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%)
9.2.3. Market Opportunity Analysis
9.3. Research Institutes
9.3.1. Market Analysis, 2017 – 2021 and Forecast, 2022 – 2028 (Revenue, USD Mn)
9.3.2. Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%)
9.3.3. Market Opportunity Analysis
9.4. Medical Laboratories
9.4.1. Market Analysis, 2017 – 2021 and Forecast, 2022 – 2028 (Revenue, USD Mn)
9.4.2. Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%)
9.4.3. Market Opportunity Analysis
9.5. Hospitals & Pharmacies
9.5.1. Market Analysis, 2017 – 2021 and Forecast, 2022 – 2028 (Revenue, USD Mn)
9.5.2. Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%)
9.5.3. Market Opportunity Analysis
9.6. Diagnostic Centers
9.6.1. Market Analysis, 2017 – 2021 and Forecast, 2022 – 2028 (Revenue, USD Mn)
9.6.2. Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%)
9.6.3. Market Opportunity Analysis
10. Global Medical Refrigerators Market Forecast, By Region, 2017 – 2021 and Forecast, 2022 – 2028 (Revenue, USD Mn) 
10.1. North America
10.1.1. Market Analysis, 2017 – 2021 and Forecast, 2022 – 2028 (Revenue, USD Mn)
10.1.2. Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%)
10.1.3. Market Opportunity Analysis
10.2. Europe
10.2.1. Market Analysis, 2017 – 2021 and Forecast, 2022 – 2028 (Revenue, USD Mn)
10.2.2. Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%)
10.2.3. Market Opportunity Analysis
10.3. Asia-Pacific
10.3.1. Market Analysis, 2017 – 2021 and Forecast, 2022 – 2028 (Revenue, USD Mn)
10.3.2. Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%)
10.3.3. Market Opportunity Analysis
10.4. Latin America
10.4.1. Market Analysis, 2017 – 2021 and Forecast, 2022 – 2028 (Revenue, USD Mn)
10.4.2. Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%)
10.4.3. Market Opportunity Analysis
10.5. Middle East and Africa
10.5.1. Market Analysis, 2017 – 2021 and Forecast, 2022 – 2028 (Revenue, USD Mn)
10.5.2. Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%)
10.5.3. Market Opportunity Analysis
10.6. Global Medical Refrigerators Market – Opportunity Analysis Index, By Product Type, By Design, By Door, By Capacity, By End-User and Region, 2022 – 2028
11. North America Medical Refrigerators Market Analysis, 2017 – 2021 and Forecast, 2022 – 2028 (Revenue, USD Mn) 
11.1. By Product Type Analysis 2017 – 2021 and Forecast 2022 – 2028 by Revenue (USD Mn), Y-o-Y Growth (%) and Market Share (%)
11.1.1. Vaccine Storage Refrigerators
11.1.2. Blood Bank Refrigerators
11.1.3. Plasma Freezers
11.1.4. Shock Freezers
11.1.5. Lab Refrigerators
11.1.6. Lab Freezers
11.1.7. Ultra-low Temperature Freezers
11.1.8. Others
11.2. By Design Type Analysis 2017 – 2021 and Forecast 2022 – 2028 by Revenue (USD Mn), Y-o-Y Growth (%) and Market Share (%)
11.2.1. Countertop Medical Refrigerator
11.2.2. Undercounter Medical Refrigerator
11.2.3. Explosion-Proof Refrigerator
11.2.4. Flammable Material Storage Refrigerator
11.3. By Door Type Analysis 2017 – 2021 and Forecast 2022 – 2028 by Revenue (USD Mn), Y-o-Y Growth (%) and Market Share (%)
11.3.1. Single Door
11.3.2. Double Door
11.3.3. Others
11.4. By Capacity Analysis 2017 – 2021 and Forecast 2022 – 2028 by Revenue (USD Mn), Y-o-Y Growth (%) and Market Share (%)
11.4.1. <100 L
11.4.2. 100 L – 300 L
11.4.3. Above 300 L
11.5. By End-User Analysis 2017 – 2021 and Forecast 2022 – 2028 by Revenue (USD Mn), Y-o-Y Growth (%) and Market Share (%)
11.5.1. Blood Banks
11.5.2. Pharmaceutical Companies
11.5.3. Research Institutes
11.5.4. Medical Laboratories
11.5.5. Hospitals & Pharmacies
11.5.6. Diagnostic Centers
11.6. Country Analysis 2017 – 2021 and Forecast 2022 – 2028 by Revenue (USD Mn) Y-o-Y Growth (%) and Market Share (%)
11.6.1. USA
11.6.2. Canada
11.7. North America Medical Refrigerators Market – Opportunity Analysis Index, By Product Type, By Design, By Door, By Capacity, By End-User and Country, 2022 – 2028
11.8. North America Medical Refrigerators Market Dynamics – Trends
12. Europe Medical Refrigerators Market Analysis, 2017 – 2021 and Forecast, 2022 – 2028 (Revenue, USD Mn) 
12.1. By Product Type Analysis 2017 – 2021 and Forecast 2022 – 2028 by Revenue (USD Mn), Y-o-Y Growth (%) and Market Share (%)
12.1.1. Vaccine Storage Refrigerators
12.1.2. Blood Bank Refrigerators
12.1.3. Plasma Freezers
12.1.4. Shock Freezers
12.1.5. Lab Refrigerators
12.1.6. Lab Freezers
12.1.7. Ultra-low Temperature Freezers
12.1.8. Others
12.2. By Design Type Analysis 2017 – 2021 and Forecast 2022 – 2028 by Revenue (USD Mn), Y-o-Y Growth (%) and Market Share (%)
12.2.1. Countertop Medical Refrigerator
12.2.2. Undercounter Medical Refrigerator
12.2.3. Explosion-Proof Refrigerator
12.2.4. Flammable Material Storage Refrigerator
12.3. By Door Type Analysis 2017 – 2021 and Forecast 2022 – 2028 by Revenue (USD Mn), Y-o-Y Growth (%) and Market Share (%)
12.3.1. Single Door
12.3.2. Double Door
12.3.3. Others
12.4. By Capacity Analysis 2017 – 2021 and Forecast 2022 – 2028 by Revenue (USD Mn), Y-o-Y Growth (%) and Market Share (%)
12.4.1. <100 L
12.4.2. 100 L – 300 L
12.4.3. Above 300 L
12.5. By End-User Analysis 2017 – 2021 and Forecast 2022 – 2028 by Revenue (USD Mn), Y-o-Y Growth (%) and Market Share (%)
12.5.1. Blood Banks
12.5.2. Pharmaceutical Companies
12.5.3. Research Institutes
12.5.4. Medical Laboratories
12.5.5. Hospitals & Pharmacies
12.5.6. Diagnostic Centers
12.6. Country Analysis 2017 – 2021 and Forecast 2022 – 2028 by Revenue (USD Mn) Y-o-Y Growth (%) and Market Share (%)
12.6.1. Germany
12.6.2. UK
12.6.3. France
12.6.4. Spain
12.6.5. Italy
12.6.6. Russia
12.6.7. Poland
12.6.8. Rest of Europe
12.7. Europe Medical Refrigerators Market – Opportunity Analysis Index, By Product Type, By Design, By Door, By Capacity, By End-User and Country, 2022 – 2028
12.8. Europe Medical Refrigerators Market Dynamics – Trends
13. Asia-Pacific Medical Refrigerators Market Analysis, 2017 – 2021 and Forecast, 2022 – 2028 (Revenue, USD Mn) 
13.1. By Product Type Analysis 2017 – 2021 and Forecast 2022 – 2028 by Revenue (USD Mn), Y-o-Y Growth (%) and Market Share (%)
13.1.1. Vaccine Storage Refrigerators
13.1.2. Blood Bank Refrigerators
13.1.3. Plasma Freezers
13.1.4. Shock Freezers
13.1.5. Lab Refrigerators
13.1.6. Lab Freezers
13.1.7. Ultra-low Temperature Freezers
13.1.8. Others
13.2. By Design Type Analysis 2017 – 2021 and Forecast 2022 – 2028 by Revenue (USD Mn), Y-o-Y Growth (%) and Market Share (%)
13.2.1. Countertop Medical Refrigerator
13.2.2. Undercounter Medical Refrigerator
13.2.3. Explosion-Proof Refrigerator
13.2.4. Flammable Material Storage Refrigerator
13.3. By Door Type Analysis 2017 – 2021 and Forecast 2022 – 2028 by Revenue (USD Mn), Y-o-Y Growth (%) and Market Share (%)
13.3.1. Single Door
13.3.2. Double Door
13.3.3. Others
13.4. By Capacity Analysis 2017 – 2021 and Forecast 2022 – 2028 by Revenue (USD Mn), Y-o-Y Growth (%) and Market Share (%)
13.4.1. <100 L
13.4.2. 100 L – 300 L
13.4.3. Above 300 L
13.5. By End-User Analysis 2017 – 2021 and Forecast 2022 – 2028 by Revenue (USD Mn), Y-o-Y Growth (%) and Market Share (%)
13.5.1. Blood Banks
13.5.2. Pharmaceutical Companies
13.5.3. Research Institutes
13.5.4. Medical Laboratories
13.5.5. Hospitals & Pharmacies
13.5.6. Diagnostic Centers
13.6. Country Analysis 2017 – 2021 and Forecast 2022 – 2028 by Revenue (USD Mn) Y-o-Y Growth (%) and Market Share (%)
13.6.1. Japan
13.6.2. China
13.6.3. India
13.6.4. ASEAN
13.6.5. Australia & New Zealand
13.6.6. Rest of Asia-Pacific
13.7. Asia-Pacific Medical Refrigerators Market – Opportunity Analysis Index, By Product Type, By Design, By Door, By Capacity, By End-User and Country, 2022 – 2028
13.8. Asia-Pacific Medical Refrigerators Market Dynamics – Trends
14. Latin America Medical Refrigerators Market Analysis, 2017 – 2021 and Forecast, 2022 – 2028 (Revenue, USD Mn) 
14.1. By Product Type Analysis 2017 – 2021 and Forecast 2022 – 2028 by Revenue (USD Mn), Y-o-Y Growth (%) and Market Share (%)
14.1.1. Vaccine Storage Refrigerators
14.1.2. Blood Bank Refrigerators
14.1.3. Plasma Freezers
14.1.4. Shock Freezers
14.1.5. Lab Refrigerators
14.1.6. Lab Freezers
14.1.7. Ultra-low Temperature Freezers
14.1.8. Others
14.2. By Design Type Analysis 2017 – 2021 and Forecast 2022 – 2028 by Revenue (USD Mn), Y-o-Y Growth (%) and Market Share (%)
14.2.1. Countertop Medical Refrigerator
14.2.2. Undercounter Medical Refrigerator
14.2.3. Explosion-Proof Refrigerator
14.2.4. Flammable Material Storage Refrigerator
14.3. By Door Type Analysis 2017 – 2021 and Forecast 2022 – 2028 by Revenue (USD Mn), Y-o-Y Growth (%) and Market Share (%)
14.3.1. Single Door
14.3.2. Double Door
14.3.3. Others
14.4. By Capacity Analysis 2017 – 2021 and Forecast 2022 – 2028 by Revenue (USD Mn), Y-o-Y Growth (%) and Market Share (%)
14.4.1. <100 L
14.4.2. 100 L – 300 L
14.4.3. Above 300 L
14.5. By End-User Analysis 2017 – 2021 and Forecast 2022 – 2028 by Revenue (USD Mn), Y-o-Y Growth (%) and Market Share (%)
14.5.1. Blood Banks
14.5.2. Pharmaceutical Companies
14.5.3. Research Institutes
14.5.4. Medical Laboratories
14.5.5. Hospitals & Pharmacies
14.5.6. Diagnostic Centers
14.6. Country Analysis 2017 – 2021 and Forecast 2022 – 2028 by Revenue (USD Mn) Y-o-Y Growth (%) and Market Share (%)
14.6.1. Brazil
14.6.2. Mexico
14.6.3. Argentina
14.6.4. Rest of Latin America
14.7. Latin America Medical Refrigerators Market – Opportunity Analysis Index, By Product Type, By Design, By Door, By Capacity, By End-User and Country, 2022 – 2028
14.8. Latin America Medical Refrigerators Market Dynamics – Trends
15. Middle East and Africa Medical Refrigerators Market Analysis, 2017 – 2021 and Forecast, 2022 – 2028 (Revenue, USD Mn) 
15.1. By Product Type Analysis 2017 – 2021 and Forecast 2022 – 2028 by Revenue (USD Mn), Y-o-Y Growth (%) and Market Share (%)
15.1.1. Vaccine Storage Refrigerators
15.1.2. Blood Bank Refrigerators
15.1.3. Plasma Freezers
15.1.4. Shock Freezers
15.1.5. Lab Refrigerators
15.1.6. Lab Freezers
15.1.7. Ultra-low Temperature Freezers
15.1.8. Others
15.2. By Design Type Analysis 2017 – 2021 and Forecast 2022 – 2028 by Revenue (USD Mn), Y-o-Y Growth (%) and Market Share (%)
15.2.1. Countertop Medical Refrigerator
15.2.2. Undercounter Medical Refrigerator
15.2.3. Explosion-Proof Refrigerator
15.2.4. Flammable Material Storage Refrigerator
15.3. By Door Type Analysis 2017 – 2021 and Forecast 2022 – 2028 by Revenue (USD Mn), Y-o-Y Growth (%) and Market Share (%)
15.3.1. Single Door
15.3.2. Double Door
15.3.3. Others
15.4. By Capacity Analysis 2017 – 2021 and Forecast 2022 – 2028 by Revenue (USD Mn), Y-o-Y Growth (%) and Market Share (%)
15.4.1. <100 L
15.4.2. 100 L – 300 L
15.4.3. Above 300 L
15.5. By End-User Analysis 2017 – 2021 and Forecast 2022 – 2028 by Revenue (USD Mn), Y-o-Y Growth (%) and Market Share (%)
15.5.1. Blood Banks
15.5.2. Pharmaceutical Companies
15.5.3. Research Institutes
15.5.4. Medical Laboratories
15.5.5. Hospitals & Pharmacies
15.5.6. Diagnostic Centers
15.6. Country Analysis 2017 – 2021 and Forecast 2022 – 2028 by Revenue (USD Mn) Y-o-Y Growth (%) and Market Share (%)
15.6.1. Gulf Cooperation Council (GCC) Countries
15.6.2. Israel
15.6.3. South Africa
15.6.4. Rest of MEA
15.7. MEA Medical Refrigerators Market – Opportunity Analysis Index, By Product Type, By Design, By Door, By Capacity, By End-User and Country, 2022 – 2028
15.8. MEA Medical Refrigerators Market Dynamics – Trends
16. Competition Landscape 
16.1. Strategic Dashboard of Top Market Players
16.2. Company Profiles (Introduction, Financial Analysis, Material & Service Offerings, Key Developments, Strategies, and SWOT Analysis)
16.2.1. Thermo Fisher Scientific Inc.
16.2.2. B medical Systems
16.2.3. Fiocchetti
16.2.4. FRIMED
16.2.5. Antech Group
16.2.6. Vestfrost Solutions
16.2.7. Felix Storch, Inc.
16.2.8. Philipp Kirsch GmbH
16.2.9. Haier Biomedical
16.2.10. Follett LLC
16.2.11. Blue Star Limited
16.2.12. Helmer Scientific
16.2.13. PHC Holdings Corporation
16.2.14. LEC Medical
16.2.15. Zhongke Meiling Cryogenics Company Limited
17. Research Methodology
18. Key Assumptions and Acronyms

Report

Company Profile

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

Description

Medical Refrigerators Market size is valued at USD 3,725.2 million in 2021 and is expected to grow at a CAGR of 6.2% during the forecast period 2022 to 2028. The global market provides a detailed overview of the Medical Refrigerators market and which can be segmented by design type, door type, product type, end user, and region. By design type, the medical refrigerators market has been segmented into countertop medical refrigerators, under-counter medical refrigerators, flammable material storage refrigerators, and explosion-proof refrigerators. By door type, the Medical Refrigerators market has been segmented into double doors and single doors. By product type, the Medical Refrigerators market has been segmented into blood bank refrigerators & plasma freezers, chromatography refrigerators & freezers, cryogenic storage systems, enzyme refrigerators & freezers, laboratory refrigerators & freezers, pharmacy refrigerators & freezers, and ultra-low temperature freezers. By product type, the Ultra-Low-Temperature Freezers segment is expected to grow at a rapid pace during the forecast period. Ultra-Low-Temperature Freezers are used for storage in the long term in laboratories, universities, hospitals, or scientific research facilities. Based on the end user, the segment has been segregated into blood banks, diagnostic centers, hospitals & pharmacies, medical laboratories, pharmaceutical companies, and research institutes. The Blood Banks segment is expected to grow at a faster rate during the forecast period. Blood Banks are a place where blood or blood plasma is collected, stored, and processed for storage under refrigeration for future use in blood transfusion procedures.

Key Development:

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

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