North America Medical and Lab Refrigerator Market is expected to reach US$ 647.19 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 – North America Analysis and Forecast – by Product Type, and End Use,” the market is expected to reach US$ 647.19 million in 2027 from US$ 497.92 million in 2019; it is estimated to grow at a CAGR of 3.3% from 2020 to 2027. The report highlights trends prevailing in the North America 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. Every facility has specific requirements when it comes to freezing and refrigeration. For instance, research laboratories may require holding vital biological samples at a balanced temperature or risk cooperating with a timely study. In contrast, certain health clinics may need simple freezers to keep ice packs.

A specific type of refrigerator is thus necessary application-specific requirement. The use of inappropriate refrigerator can be hazardous and, eventually, much more expensive as compared to investing in quality equipment precisely designed for the industry’s storage needs

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.

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

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North America Medical and Lab Refrigerator Market to Grow at a CAGR of 3.3% to reach US$ 647.19 Million from 2020 to 2027

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North America 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 North America 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

• US
• Canada
• Mexico