Europe Medical and Lab Refrigerator Market is expected to reach US$ 907.31 million by 2027

Medical and Lab Refrigerator Market for Pharmacy Refrigerators Segment to Grow at Fastest CAGR during Forecast Period

According to our new market research study on “Medical and Lab Refrigerator Market to 2027 – Europe Analysis and Forecast – by Product Type, and End Use,” the market is expected to reach US$ 907.31 million in 2027 from US$ 672.80 million in 2019; it is estimated to grow at a CAGR of 3.8% from 2020 to 2027. The report highlights trends prevailing in the Europe Medical and Lab Refrigerator Market and the drivers and restraints pertaining to the market growth.

Based on product type, the blood bank refrigerators, laboratory refrigerators, pharmacy refrigerators, enzyme refrigerators, others. The blood bank refrigerator is a critical piece of equipment that delivers safe and convenient storage of whole blood, blood components, as well as reagents, thus ensuring the integrity of the blood and its components. It is a designated temperature controlled refrigeration equipment precisely engineered to store blood bags and operates at temperatures ranging 2°C - 6°C.

These refrigerators are used in blood banks, laboratories as well as hospitals. Temperature uniformity is the primary requirement for blood bag storage. In addition, other parameters required to select the blood bank refrigerator include bags capacity, number of shelves, safety features, the material of construction, and, most importantly, standards & certifications, such as ISO and CE.

ZhongkeMeiling Cryogenics Company Limited, Felix Storch, Inc, Follett LLC, Helmer Scientific Inc., Haier Biomedical, Lec Medical, Philipp Kirsch GmbH, Thermo Fisher Scientific Inc., Vestfrost Solutions, Blue Star Limited are among the leading companies operating in the Medical and Lab Refrigerator Market.

Europe Medical and Lab Refrigerator Market, By Country, 2019 (%)

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Europe Medical and Lab Refrigerator Market to Grow at a CAGR of 3.8% to reach US$ 907.31 Million from 2020 to 2027

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Europe Medical and Lab Refrigerator Market Forecast to 2027 - COVID-19 Impact and Regional Analysis by Product Type (Blood Bank Refrigerators, Laboratory Refrigerators, Pharmacy Refrigerators, Enzyme Refrigerators, Others); End User (Blood Banks, Pharmaceutical Companies, Hospitals and Pharmacies, Research Institutes, Others), and Geography

The report segments Europe Medical and Lab Refrigerator market as follows:

By Product Type

• Blood Bank Refrigerators
• Laboratory Refrigerators
• Pharmacy Refrigerators
• Enzyme Refrigerators
• Others

By End User

• Blood Banks
• Pharmaceutical Companies
• Hospitals and Pharmacies
• Research Institutes
• Others

By Country

• Germany
• France
• United Kingdom
• Italy
• Spain