Medical and Lab Refrigerator Market Forecast to 2027 - Covid-19 Impact and Global 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)

Publication Month: May 2020 | Report Code: TIPRE00009100 | No. of Pages: 178 | Category: Medical Device | Status: Published

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The medical and lab refrigerator market was valued at US$ 2,267.9 million in 2019 and is projected to reach US$ 3,096.6 million by 2027; it is expected to grow at a CAGR of 3.9% from 2020 to 2027.

 

Growing demand for safe storage of blood and blood derivatives from hospitals, pharmacies, clinics, and diagnostic centers is boosting the medical and lab refrigerator market growth across the world. Both in medical research and pharmaceutical sector, rising government funding is expected to increase the demand for medical and laboratory refrigerators further. For example, the Medical Device Directive of the European Commission has used specific requirements and regulations for biomedical freezers and refrigerators to store blood and blood components. Furthermore, the increasing prevalence of various chronic diseases such as cancer, cardiac diseases, and infectious diseases is leading to an increase in blood transfusion demand another critical factor that will boost the medical and lab refrigerators market growth. According to the European Society of Hemapheresis (ESFH), high preference toward plasmapheresis will raise the installation of plasma freezers in hospitals, blood banks, and research organizations for the storage of fresh frozen plasma, RBCs, and other blood derivatives. Increasing awareness about blood donation and government initiatives to encourage donations will also foster business growth. However, the high cost of refrigerators and freezers of medical grade, as well as increasing preference for refurbished equipment, may impede the medical and lab refrigerator market growth during the period of analysis.

 

Impact of COVID-19 Pandemic on Medical and Lab Refrigerator Market

Impact of COVID-19 Pandemic on Medical and Lab Refrigerator Market

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The healthcare and medical device industry is at the epicenter of this unprecedented global pandemic challenge, and the private sector has come up with the opportunity to offer the government all the support it needs, whether it is testing support, preparing isolation beds for treating COVID-19 patients or deploying equipment and staff in identified nodal hospitals. It is anticipated that a series of demand shocks, both positive and negative, will occur in the coming six months as medical device OEMs and their suppliers respond to the changing needs of providers.

 

Lucrative Regions for Medical and Lab Refrigerator Market

 

Medical and Lab Refrigerator Market Insights

Increasing Number of Accidents, Surgery Interventions, and Others Result in the Growth of Medical and Lab Refrigerator Market

The increasing number of accidents, surgical interventions such as cancer, organ and bone marrow transplants, cardiovascular surgery, general surgery, nephrology, and dialysis lead to increased demand for blood components, thus driving the growth for medical and laboratory refrigerator market. For example, according to the American Cancer Society (ACS), in 2017, ~1.7 million people were diagnosed with cancer. Among these, some of the patients needed blood transfusion daily during their treatment along with chemotherapy. Lack of timely access to secure blood transfusion leads to increased demand for blood banks for efficient, safe, and real-time blood unit availability. Therefore, different organizations are getting involved in activities to launch innovative product solutions in the market. For example, in March 2018, India-based Strides Software Solutions, which enables the availability of safe and high-quality blood components, developed India's first centralized donor authentication and identification application based on Aadhaar, the D-Health app.

 

Product Type-Based Market Insights

The medical and lab refrigerator market, by type, is segmented into blood bank refrigerators, laboratory refrigerators, pharmacy refrigerators, enzyme refrigerators, and others. The medical and lab refrigerator market for the blood bank refrigerators segment is estimated to lead during the forecast period. These refrigerators are used in blood banks, laboratories, and 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 and certifications such as ISO and CE.

 

Global Medical and Lab Refrigerator Market, by Product Type - 2019 and 2027

Global Medical and Lab Refrigerator Market, by Product Type - 2019 and 2027

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End User-Based Market Insights

The end-user segment of the medical and lab refrigerator market is categorized into blood banks, pharmaceutical companies, hospitals and pharmacies, research institutes, and others. The medical and lab refrigerator market for the hospitals and pharmacies segment dominated the market in 2019. Specialized hospitals and clinics offer complex services, which is associated with the use of modern techniques and equipment, as well as new drug discoveries.

In several cases, refrigeration systems have become vital resources to carry out procedures and maintain ideal conditions of diverse materials. Thus, medical-grade refrigerators are highly used in hospitals. These are commonly used to store blood bags, serums, tissues, and organs for transplant. Proper storage of these components is highly essential to prevent financial loss. Further, improper handling of these components can be life threatening for patients.

 

Strategic Insights

The players in the medical and lab refrigerator market focus on various strategic alliances such as mergers, acquisitions, and new product launches to maintain their positions in the medical and lab refrigerator market. A few developments are listed below:

 

In 2019, Accucold, a division of Felix Storch, Inc. (FSI), launched a new series of purpose-built refrigeration for meeting the demand from life science, laboratory, scientific, and medical cold storage applications. The Performance Series Med-Lab line, available in multiple sizes, expands Accucold's offering of cold storage equipment into the life sciences market. 

 

In 2019, Lec Medical announced the launch of Control Plus - a new range of medical refrigeration that measures both the core temperature of the fridge, as well as the vaccine itself. Featuring an improved controller, larger internal capacities, and a flat door to save valuable space in a busy medical environment, the Control Plus range is designed for a variety of locations, from pharmacies and hospitals to laboratories and general practice.

Medical and Lab Refrigerator Market - by Product Type

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

 

Medical and Lab Refrigerator Market - by End User

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

 

Medical and Lab Refrigerator Market - by Geography

  • North America
    • US
    • Canada
    • Mexico
  • Europe
    • France
    • Germany
    • Italy
    • UK
    • Russia
    • Rest of Europe
  • Asia Pacific (APAC)
    • China
    • India
    • South Korea
    • Japan
    • Australia
    • Rest of APAC
  • Middle East & Africa (MEA)
    • South Africa
    • Saudi Arabia
    • UAE
    • Rest of MEA
  • South America (SAM)
    • Brazil
    • Argentina
    • Rest of SAM

 

Company Profiles

  • 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

 

1.             Introduction

1.1       Study Scope

1.2       The Insight Partners Research Report Guidance

1.3       Market Segmentation

2.             Key Takeaways

3.             Research Methodology

3.1       Coverage

3.2       Secondary Research

3.3       Primary Research

4.             Medical and Lab Refrigerator Market Landscape

4.1       Market Overview

4.2       PEST Analysis

4.2.1        North America

4.2.2        Europe

4.2.3        Asia-Pacific

4.2.4        MEA

4.2.5        SAM

4.3       Ecosystem Analysis

4.4       Expert Opinion

5.             Medical and Lab Refrigerator Market – Key Market Dynamics

5.1       Market Drivers

5.1.1        Growing Demand for Blood Storage Centers and Blood Banks

5.1.2        Increasing Number of Accidents, Surgery Interventions, and others

5.2       Market Restraints

5.2.1        Increasing Preference for Refurbished Equipment

5.3       Market Opportunities

5.3.1        Increasing Research & Development Investments in Medical Science By Government Organizations

5.4       Future Trends

5.4.1        Technological Advancements in Medical Refrigerators

5.5       Impact Analysis of Drivers and Restraints

6.             Medical and Lab Refrigerator – Global Market Analysis

6.1       Medical and Lab Refrigerator Market Overview

6.2       Medical and Lab Refrigerator Market – Revenue, and Forecast to 2027 (US$ Million)

6.3       Market Positioning – Global Market Players Ranking

7.             Medical and Lab Refrigerator Market Analysis –  By Product Type

7.1       Overview

7.2       Medical and Lab Refrigerator Market, By Product Type (2019 and 2027)

7.3       Blood Bank Refrigerators

7.3.1        Overview

7.3.2        Blood Bank Refrigerators: Medical and Lab Refrigerator Market – Revenue, and Forecast to 2027  (US$ Million)

7.4       Laboratory Refrigerators

7.4.1        Overview

7.4.2        Laboratory Refrigerators: Medical and Lab Refrigerator Market – Revenue, and Forecast to 2027  (US$ Million)

7.5       Pharmacy Refrigerators

7.5.1        Overview

7.5.2        Pharmacy Refrigerators: Medical and Lab Refrigerator Market – Revenue, and Forecast to 2027  (US$ Million)

7.6       Enzyme Refrigerators

7.6.1        Overview

7.6.2        Enzyme Refrigerators: Medical and Lab Refrigerator Market – Revenue, and Forecast to 2027  (US$ Million)

7.7       Others

7.7.1        Overview

7.7.2        Others: Medical and Lab Refrigerator Market – Revenue, and Forecast to 2027 (US$ Million)

8.             Medical and Lab Refrigerator Market Analysis –  By End-user

8.1       Overview

8.2       Medical and Lab Refrigerator Market, By End-user (2019 and 2027)

8.3       Blood Bank

8.3.1        Overview

8.3.2        Blood Bank: Medical and Lab Refrigerator Market – Revenue, and Forecast to 2027 (US$ Million)

8.4       Pharmaceutical Companies

8.4.1        Overview

8.4.2        Pharmaceutical Companies: Medical and Lab Refrigerator Market – Revenue, and Forecast to 2027  (US$ Million)

8.5       Hospitals and Pharmacies

8.5.1        Overview

8.5.2        Hospitals and Pharmacies: Medical and Lab Refrigerator Market – Revenue, and Forecast to 2027  (US$ Million)

8.6       Research Institutes

8.6.1        Overview

8.6.2        Research Institutes: Medical and Lab Refrigerator Market – Revenue, and Forecast to 2027 (US$ Million)

8.7       Others

8.7.1        Overview

8.7.2        Others: Medical and Lab Refrigerator Market – Revenue, and Forecast to 2027 (US$ Million)

9.             Medical and Lab Refrigerator Market – Geographic Analysis

9.1       Overview

9.2       North America: Medical and Lab Refrigerator Market

9.2.1        North America: Medical and Lab Refrigerator Market – Revenue, and Forecast to 2027 (US$ Million)

9.2.2        North America: Medical and Lab Refrigerator Market, by Product Type

9.2.3        North America: Medical and Lab Refrigerator Market, by End-user

9.2.4        North America: Medical and Lab Refrigerator Market, by Key Country

9.2.4.1      US: Medical and Lab Refrigerator Market – Revenue, and Forecast to 2027 (US$ Million)

9.2.4.1.1       US: Medical and Lab Refrigerator Market, by Product Type

9.2.4.1.2       US: Medical and Lab Refrigerator Market, by End-user

9.2.4.2      Canada: Medical and Lab Refrigerator Market – Revenue, and Forecast to 2027 (US$ Million)

9.2.4.2.1       Canada: Medical and Lab Refrigerator Market, by Product Type

9.2.4.2.2       Canada: Medical and Lab Refrigerator Market, by End-user

9.2.4.3      Mexico: Medical and Lab Refrigerator Market – Revenue, and Forecast to 2027 (US$ Million)

9.2.4.3.1       Mexico: Medical and Lab Refrigerator Market, by Product Type

9.2.4.3.2       Mexico: Medical and Lab Refrigerator Market, by End-user

9.3       Europe: Medical and Lab Refrigerator Market

9.3.1        Europe: Medical and Lab Refrigerator Market – Revenue, and Forecast to 2027 (US$ Million)

9.3.2        Europe: Medical and Lab Refrigerator Market, by Product Type

9.3.3        Europe: Medical and Lab Refrigerator Market, by End-user

9.3.4        Europe: Medical and Lab Refrigerator Market, by Key Country

9.3.4.1      UK: Medical and Lab Refrigerator Market – Revenue, and Forecast to 2027 (US$ Million)

9.3.4.1.1       UK: Medical and Lab Refrigerator Market, by Product Type

9.3.4.1.2       UK: Medical and Lab Refrigerator Market, by End-user

9.3.4.2      Germany: Medical and Lab Refrigerator Market – Revenue, and Forecast to 2027 (US$ Million)

9.3.4.2.1       Germany: Medical and Lab Refrigerator Market, by Product Type

9.3.4.2.2       Germany: Medical and Lab Refrigerator Market, by End-user

9.3.4.3      France: Medical and Lab Refrigerator Market – Revenue, and Forecast to 2027 (US$ Million)

9.3.4.3.1       France: Medical and Lab Refrigerator Market, by Product Type

9.3.4.3.2       France: Medical and Lab Refrigerator Market, by End-user

9.3.4.4      Italy: Medical and Lab Refrigerator Market – Revenue, and Forecast to 2027 (US$ Million)

9.3.4.4.1       Italy: Medical and Lab Refrigerator Market, by Product Type

9.3.4.4.2       Italy: Medical and Lab Refrigerator Market, by End-user

9.3.4.5      Russia: Medical and Lab Refrigerator Market – Revenue, and Forecast to 2027 (US$ Million)

9.3.4.5.1       Russia: Medical and Lab Refrigerator Market, by Product Type

9.3.4.5.2       Russia: Medical and Lab Refrigerator Market, by End-user

9.3.4.6      Rest of Europe: Medical and Lab Refrigerator Market – Revenue, and Forecast to 2027 (US$ Million)

9.3.4.6.1       Rest of Europe: Medical and Lab Refrigerator Market, by Product Type

9.3.4.6.2       Rest of Europe: Medical and Lab Refrigerator Market, by End-user

9.4       Asia-Pacific: Medical and Lab Refrigerator Market

9.4.1        Asia-Pacific: Medical and Lab Refrigerator Market – Revenue, and Forecast to 2027 (US$ Million)

9.4.2        Asia-Pacific: Medical and Lab Refrigerator Market, by Product Type

9.4.3        Asia-Pacific: Medical and Lab Refrigerator Market, by End-user

9.4.4        Asia-Pacific: Medical and Lab Refrigerator Market, by Key Country

9.4.4.1      China: Medical and Lab Refrigerator Market – Revenue, and Forecast to 2027 (US$ Million)

9.4.4.1.1       China: Medical and Lab Refrigerator Market, by Product Type

9.4.4.1.2       China: Medical and Lab Refrigerator Market, by End-user

9.4.4.2      Japan: Medical and Lab Refrigerator Market – Revenue, and Forecast to 2027 (US$ Million)

9.4.4.2.1       Japan: Medical and Lab Refrigerator Market, by Product Type

9.4.4.2.2       Japan: Medical and Lab Refrigerator Market, by End-user

9.4.4.3      India: Medical and Lab Refrigerator Market – Revenue, and Forecast to 2027 (US$ Million)

9.4.4.3.1       India: Medical and Lab Refrigerator Market, by Product Type

9.4.4.3.2       India: Medical and Lab Refrigerator Market, by End-user

9.4.4.4      Australia: Medical and Lab Refrigerator Market – Revenue, and Forecast to 2027 (US$ Million)

9.4.4.4.1       Australia: Medical and Lab Refrigerator Market, by Product Type

9.4.4.4.2       Australia: Medical and Lab Refrigerator Market, by End-user

9.4.4.5      South Korea: Medical and Lab Refrigerator Market – Revenue, and Forecast to 2027 (US$ Million)

9.4.4.5.1       South Korea: Medical and Lab Refrigerator Market, by Product Type

9.4.4.5.2       South Korea: Medical and Lab Refrigerator Market, by End-user

9.4.4.6      Rest of APAC: Medical and Lab Refrigerator Market – Revenue, and Forecast to 2027 (US$ Million)

9.4.4.6.1       Rest of APAC: Medical and Lab Refrigerator Market, by Product Type

9.4.4.6.2       Rest of APAC: Medical and Lab Refrigerator Market, by End-user

9.5       Middle East & Africa: Medical and Lab Refrigerator Market

9.5.1        Middle East & Africa: Medical and Lab Refrigerator Market – Revenue, and Forecast to 2027  (US$ Million)

9.5.2        Middle East & Africa: Medical and Lab Refrigerator Market, by Product Type

9.5.3        Middle East & Africa: Medical and Lab Refrigerator Market, by End-user

9.5.4        Middle East & Africa: Medical and Lab Refrigerator Market, by Key Country

9.5.4.1      Saudi Arabia: Medical and Lab Refrigerator Market – Revenue, and Forecast to 2027 (US$ Million)

9.5.4.1.1       Saudi Arabia: Medical and Lab Refrigerator Market, by Product Type

9.5.4.1.2       Saudi Arabia: Medical and Lab Refrigerator Market, by End-user

9.5.4.2      UAE: Medical and Lab Refrigerator Market – Revenue, and Forecast to 2027 (US$ Million)

9.5.4.2.1       UAE: Medical and Lab Refrigerator Market, by Product Type

9.5.4.2.2       UAE: Medical and Lab Refrigerator Market, by End-user

9.5.4.3      South Africa: Medical and Lab Refrigerator Market – Revenue, and Forecast to 2027 (US$ Million)

9.5.4.3.1       South Africa: Medical and Lab Refrigerator Market, by Product Type

9.5.4.3.2       South Africa: Medical and Lab Refrigerator Market, by End-user

9.5.4.4      Rest of MEA: Medical and Lab Refrigerator Market – Revenue, and Forecast to 2027 (US$ Million)

9.5.4.4.1       Rest of MEA: Medical and Lab Refrigerator Market, by Product Type

9.5.4.4.2       Rest of MEA: Medical and Lab Refrigerator Market, by End-user

9.6       South America: Medical and Lab Refrigerator Market

9.6.1        South America: Medical and Lab Refrigerator Market – Revenue, and Forecast to 2027 (US$ Million)

9.6.2        South America: Medical and Lab Refrigerator Market, by Product Type

9.6.3        South America: Medical and Lab Refrigerator Market, by End-user

9.6.4        South America: Medical and Lab Refrigerator Market, by Key Country

9.6.4.1      Brazil: Medical and Lab Refrigerator Market – Revenue, and Forecast to 2027 (US$ Million)

9.6.4.1.1       Brazil: Medical and Lab Refrigerator Market, by Product Type

9.6.4.1.2       Brazil: Medical and Lab Refrigerator Market, by End-user

9.6.4.2      Argentina: Medical and Lab Refrigerator Market – Revenue, and Forecast to 2027 (US$ Million)

9.6.4.2.1       Argentina: Medical and Lab Refrigerator Market, by Product Type

9.6.4.2.2       Argentina: Medical and Lab Refrigerator Market, by End-user

9.6.4.3      Rest of SAM: Medical and Lab Refrigerator Market – Revenue, and Forecast to 2027 (US$ Million)

9.6.4.3.1       Rest of SAM: Medical and Lab Refrigerator Market, by Product Type

9.6.4.3.2       Rest of SAM: Medical and Lab Refrigerator Market, by End-user

10.          Impact of COVID-19 Pandemic on Global Medical and Lab Refrigerator Market

10.1    North America: Impact Assessment of COVID-19 Pandemic

10.2    Europe: Impact Assessment of COVID-19 Pandemic

10.3    Asia-Pacific: Impact Assessment of COVID-19 Pandemic

10.4    Middle East & Africa: Impact assessment of COVID-19 Pandemic

10.5    South Africa: Impact assessment of COVID-19 Pandemic

11.          Industry Landscape

11.1    Overview

11.2    Market Initiative

11.3    New Product Development

11.4    Merger and Acquisition

12.          Key Company Profiles

12.1    ZhongkeMeiling Cryogenics Company Limited

12.1.1     Key Facts

12.1.2     Business Description

12.1.3     Products and Services

12.1.4     Financial Overview

12.1.5     SWOT Analysis

12.1.6     Key Developments

12.2    Felix Storch, Inc.

12.2.1     Key Facts

12.2.2     Business Description

12.2.3     Products and Services

12.2.4     Financial Overview

12.2.5     SWOT Analysis

12.2.6     Key Developments

12.3    Follett LLC

12.3.1     Key Facts

12.3.2     Business Description

12.3.3     Products and Services

12.3.4     Financial Overview

12.3.5     SWOT Analysis

12.3.6     Key Developments

12.4    Helmer Scientific Inc.

12.4.1     Key Facts

12.4.2     Business Description

12.4.3     Products and Services

12.4.4     Financial Overview

12.4.5     SWOT Analysis

12.4.6     Key Developments

12.5    Haier Biomedical

12.5.1     Key Facts

12.5.2     Business Description

12.5.3     Products and Services

12.5.4     Financial Overview

12.5.5     SWOT Analysis

12.5.6     Key Developments

12.6    Lec Medical

12.6.1     Key Facts

12.6.2     Business Description

12.6.3     Products and Services

12.6.4     Financial Overview

12.6.5     SWOT Analysis

12.6.6     Key Developments

12.7    Philipp Kirsch GmbH

12.7.1     Key Facts

12.7.2     Business Description

12.7.3     Products and Services

12.7.4     Financial Overview

12.7.5     SWOT Analysis

12.7.6     Key Developments

12.8    Thermo Fisher Scientific Inc.

12.8.1     Key Facts

12.8.2     Business Description

12.8.3     Products and Services

12.8.4     Financial Overview

12.8.5     SWOT Analysis

12.8.6     Key Developments

12.9    Vestfrost Solutions

12.9.1     Key Facts

12.9.2     Business Description

12.9.3     Products and Services

12.9.4     Financial Overview

12.9.5     SWOT Analysis

12.9.6     Key Developments

12.10 Blue Star Limited

12.10.1   Key Facts

12.10.2   Business Description

12.10.3   Products and Services

12.10.4   Financial Overview

12.10.5   SWOT Analysis

12.10.6   Key Developments

13.          Appendix

13.1    About The Insight Partners

13.2    Word Index


LIST OF TABLES

Table 1.             Medical and Lab Refrigerator Market – Revenue, and Forecast to 2027 (US$ Million)

Table 2.             North America: Medical and Lab Refrigerator Market, by Product Type – Revenue and Forecast to 2027  (US$ Million)

Table 3.             North America: Medical and Lab Refrigerator Market, by Product Type – Revenue and Forecast to 2027  (US$ Million)

Table 4.             US: Medical and Lab Refrigerator Market, by Product Type –Revenue and Forecast to 2027 (US$ Million)

Table 5.             US: Medical and Lab Refrigerator Market, by End-user –Revenue and Forecast to 2027 (US$ Million)

Table 6.             Canada: Medical and Lab Refrigerator Market, by Product Type –Revenue and Forecast to 2027 (US$ Million)

Table 7.             Canada: Medical and Lab Refrigerator Market, by End-user –Revenue and Forecast to 2027 (US$ Million)

Table 8.             Mexico: Medical and Lab Refrigerator Market, by Product Type –Revenue and Forecast to 2027 (US$ Million)

Table 9.             Mexico: Medical and Lab Refrigerator Market, by End-user –Revenue and Forecast to 2027 (US$ Million)

Table 10.          Europe: Medical and Lab Refrigerator Market, by Product Type – Revenue and Forecast to 2027 (US$ Million)

Table 11.          Europe: Medical and Lab Refrigerator Market, by Product Type – Revenue and Forecast to 2027 (US$ Million)

Table 12.          UK: Medical and Lab Refrigerator Market, by Product Type –Revenue and Forecast to 2027 (US$ Million)

Table 13.          UK: Medical and Lab Refrigerator Market, by End-user –Revenue and Forecast to 2027 (US$ Million)

Table 14.          Germany: Medical and Lab Refrigerator Market, by Product Type –Revenue and Forecast to 2027 (US$ Million)

Table 15.          Germany: Medical and Lab Refrigerator Market, by End-user –Revenue and Forecast to 2027 (US$ Million)

Table 16.          France: Medical and Lab Refrigerator Market, by Product Type –Revenue and Forecast to 2027 (US$ Million)

Table 17.          France: Medical and Lab Refrigerator Market, by End-user –Revenue and Forecast to 2027 (US$ Million)

Table 18.          Italy: Medical and Lab Refrigerator Market, by Product Type –Revenue and Forecast to 2027 (US$ Million)

Table 19.          Italy: Medical and Lab Refrigerator Market, by End-user –Revenue and Forecast to 2027 (US$ Million)

Table 20.          Russia: Medical and Lab Refrigerator Market, by Product Type –Revenue and Forecast to 2027 (US$ Million)

Table 21.          Russia: Medical and Lab Refrigerator Market, by End-user –Revenue and Forecast to 2027 (US$ Million)

Table 22.          Rest of Europe: Medical and Lab Refrigerator Market, by Product Type –Revenue and Forecast to 2027  (US$ Million)

Table 23.          Rest of Europe: Medical and Lab Refrigerator Market, by End-user –Revenue and Forecast to 2027  (US$ Million)

Table 24.          Asia-Pacific: Medical and Lab Refrigerator Market, by Product Type – Revenue and Forecast to 2027  (US$ Million)

Table 25.          Asia-Pacific: Medical and Lab Refrigerator Market, by Product Type – Revenue and Forecast to 2027  (US$ Million)

Table 26.          China: Medical and Lab Refrigerator Market, by Product Type –Revenue and Forecast to 2027 (US$ Million)

Table 27.          China: Medical and Lab Refrigerator Market, by End-user –Revenue and Forecast to 2027 (US$ Million)

Table 28.          Japan: Medical and Lab Refrigerator Market, by Product Type –Revenue and Forecast to 2027 (US$ Million)

Table 29.          Japan: Medical and Lab Refrigerator Market, by End-user –Revenue and Forecast to 2027 (US$ Million)

Table 30.          India: Medical and Lab Refrigerator Market, by Product Type –Revenue and Forecast to 2027 (US$ Million)

Table 31.          India: Medical and Lab Refrigerator Market, by End-user –Revenue and Forecast to 2027 (US$ Million)

Table 32.          Australia: Medical and Lab Refrigerator Market, by Product Type –Revenue and Forecast to 2027 (US$ Million)

Table 33.          Australia: Medical and Lab Refrigerator Market, by End-user –Revenue and Forecast to 2027 (US$ Million)

Table 34.          South Korea: Medical and Lab Refrigerator Market, by Product Type –Revenue and Forecast to 2027  (US$ Million)

Table 35.          South Korea: Medical and Lab Refrigerator Market, by End-user –Revenue and Forecast to 2027 (US$ Million)

Table 36.          Rest of APAC: Medical and Lab Refrigerator Market, by Product Type –Revenue and Forecast to 2027  (US$ Million)

Table 37.          Rest of APAC: Medical and Lab Refrigerator Market, by End-user –Revenue and Forecast to 2027 (US$ Million)

Table 38.          Middle East & Africa: Medical and Lab Refrigerator Market, by Product Type – Revenue and Forecast to 2027 (US$ Million)

Table 39.          Middle East & Africa: Medical and Lab Refrigerator Market, by Product Type – Revenue and Forecast to 2027 (US$ Million)

Table 40.          Saudi Arabia: Medical and Lab Refrigerator Market, by Product Type –Revenue and Forecast to 2027  (US$ Million)

Table 41.          Saudi Arabia: Medical and Lab Refrigerator Market, by End-user –Revenue and Forecast to 2027 (US$ Million)

Table 42.          UAE: Medical and Lab Refrigerator Market, by Product Type –Revenue and Forecast to 2027 (US$ Million)

Table 43.          UAE: Medical and Lab Refrigerator Market, by End-user –Revenue and Forecast to 2027 (US$ Million)

Table 44.          South Africa: Medical and Lab Refrigerator Market, by Product Type –Revenue and Forecast to 2027  (US$ Million)

Table 45.          South Africa: Medical and Lab Refrigerator Market, by End-user –Revenue and Forecast to 2027 (US$ Million)

Table 46.          Rest of MEA: Medical and Lab Refrigerator Market, by Product Type –Revenue and Forecast to 2027  (US$ Million)

Table 47.          Rest of MEA: Medical and Lab Refrigerator Market, by End-user –Revenue and Forecast to 2027 (US$ Million)

Table 48.          South America: Medical and Lab Refrigerator Market, by Product Type – Revenue and Forecast to 2027  (US$ Million)

Table 49.          South America: Medical and Lab Refrigerator Market, by Product Type – Revenue and Forecast to 2027  (US$ Million)

Table 50.          Brazil: Medical and Lab Refrigerator Market, by Product Type –Revenue and Forecast to 2027 (US$ Million)

Table 51.          Brazil: Medical and Lab Refrigerator Market, by End-user –Revenue and Forecast to 2027 (US$ Million)

Table 52.          Argentina: Medical and Lab Refrigerator Market, by Product Type –Revenue and Forecast to 2027 (US$ Million)

Table 53.          Argentina: Medical and Lab Refrigerator Market, by End-user –Revenue and Forecast to 2027 (US$ Million)

Table 54.          Rest of SAM: Medical and Lab Refrigerator Market, by Product Type –Revenue and Forecast to 2027  (US$ Million)

Table 55.          Rest of SAM: Medical and Lab Refrigerator Market, by End-user –Revenue and Forecast to 2027 (US$ Million)

Table 56.          List of Abbreviation

 


LIST OF FIGURES

Figure 1.           Medical and Lab Refrigerator Market Segmentation

Figure 2.           Medical and Lab Refrigerator Market Segmentation – By Geography

Figure 3.           Global Medical and Lab Refrigerator Market Overview

Figure 4.           Global Medical and Lab Refrigerator Market Outlook

Figure 5.           Global Medical and Lab Refrigerator Market – Strategy Analysis

Figure 6.           Global Medical and Lab Refrigerator Market – Geography Analysis

Figure 7.           Global Medical and Lab Refrigerator Market – Product Type Analysis

Figure 8.           Global Medical and Lab Refrigerator Market – End-user Analysis

Figure 9.           North America – PEST Analysis

Figure 10.        Europe – PEST Analysis

Figure 11.        Asia-Pacific – PEST Analysis

Figure 12.        MEA– PEST Analysis

Figure 13.        SAM– PEST Analysis

Figure 14.        Medical and Lab Refrigerator Market – Ecosystem Analysis

Figure 15.        Expert Opinion

Figure 16.        Medical and Lab Refrigerator Market Impact Analysis of Drivers And Restraints

Figure 17.        Geographic Overview of Medical and Lab Refrigerator Market

Figure 18.        Global: Medical and Lab Refrigerator Market – Revenue and Forecast to 2027 (US$ Million)

Figure 19.        Medical and Lab Refrigerator Market Revenue Share, by Product Type (2019 and 2027)

Figure 20.        Blood Bank Refrigerators: Medical and Lab Refrigerator Market – Revenue, and Forecast to 2027 (US$ Million)

Figure 21.        Laboratory Refrigerators: Medical and Lab Refrigerator Market – Revenue, and Forecast to 2027 (US$ Million)

Figure 22.        Pharmacy Refrigerators: Medical and Lab Refrigerator Market – Revenue, and Forecast to 2027 (US$ Million)

Figure 23.        Enzyme Refrigerators: Medical and Lab Refrigerator Market – Revenue, and Forecast to 2027 (US$ Million)

Figure 24.        Others: Medical and Lab Refrigerator Market – Revenue, and Forecast to 2027 (US$ Million)

Figure 25.        Medical and Lab Refrigerator Market Revenue Share, by End-user (2019 and 2027)

Figure 26.        Blood Bank: Medical and Lab Refrigerator Market – Revenue, and Forecast to 2027 (US$ Million)

Figure 27.        Pharmaceutical Companies: Medical and Lab Refrigerator Market – Revenue, and Forecast to 2027  (US$ Million)

Figure 28.        Hospitals and Pharmacies: Medical and Lab Refrigerator Market – Revenue, and Forecast to 2027  (US$ Million)

Figure 29.        Research Institutes: Medical and Lab Refrigerator Market – Revenue, and Forecast to 2027 (US$ Million)

Figure 30.        Others: Medical and Lab Refrigerator Market – Revenue, and Forecast to 2027 (US$ Million)

Figure 31.        Global Medical and Lab Refrigerator Market Revenue Share, by Region (2019 and 2027)

Figure 32.        North America: Medical and Lab Refrigerator Market – Revenue and Forecast to 2027 (US$ Million)

Figure 33.        North America: Medical and Lab Refrigerator Market Revenue Share, by Product Type (2019 and 2027)

Figure 34.        North America: Medical and Lab Refrigerator Market Revenue Share, by End-user (2019 and 2027)

Figure 35.        North America: Medical and Lab Refrigerator Market Revenue Share, by Key Country (2019 and 2027)

Figure 36.        US: Medical and Lab Refrigerator Market – Revenue, and Forecast to 2027 (US$ Million)

Figure 37.        Canada: Medical and Lab Refrigerator Market – Revenue, and Forecast to 2027 (US$ Million)

Figure 38.        Mexico: Medical and Lab Refrigerator Market – Revenue, and Forecast to 2027 (US$ Million)

Figure 39.        Europe: Medical and Lab Refrigerator Market – Revenue and Forecast to 2027 (US$ Million)

Figure 40.        Europe: Medical and Lab Refrigerator Market Revenue Share, by Product Type (2019 and 2027)

Figure 41.        Europe: Medical and Lab Refrigerator Market Revenue Share, by End-user (2019 and 2027)

Figure 42.        Europe: Medical and Lab Refrigerator Market Revenue Share, by Key Country (2019 and 2027)

Figure 43.        UK: Medical and Lab Refrigerator Market – Revenue, and Forecast to 2027 (US$ Million)

Figure 44.        Germany: Medical and Lab Refrigerator Market – Revenue, and Forecast to 2027 (US$ Million)

Figure 45.        France: Medical and Lab Refrigerator Market – Revenue, and Forecast to 2027 (US$ Million)

Figure 46.        Italy: Medical and Lab Refrigerator Market – Revenue, and Forecast to 2027 (US$ Million)

Figure 47.        Russia: Medical and Lab Refrigerator Market – Revenue, and Forecast to 2027 (US$ Million)

Figure 48.        Rest of Europe: Medical and Lab Refrigerator Market – Revenue, and Forecast to 2027 (US$ Million)

Figure 49.        Asia-Pacific: Medical and Lab Refrigerator Market – Revenue and Forecast to 2027 (US$ Million)

Figure 50.        Asia-Pacific: Medical and Lab Refrigerator Market Revenue Share, by Product Type (2019 and 2027)

Figure 51.        Asia-Pacific: Medical and Lab Refrigerator Market Revenue Share, by End-user(2019 and 2027)

Figure 52.        Asia-Pacific: Medical and Lab Refrigerator Market Revenue Share, by Key Country (2019 and 2027)

Figure 53.        China: Medical and Lab Refrigerator Market – Revenue, and Forecast to 2027 (US$ Million)

Figure 54.        Japan: Medical and Lab Refrigerator Market – Revenue, and Forecast to 2027 (US$ Million)

Figure 55.        India: Medical and Lab Refrigerator Market – Revenue, and Forecast to 2027 (US$ Million)

Figure 56.        Australia: Medical and Lab Refrigerator Market – Revenue, and Forecast to 2027 (US$ Million)

Figure 57.        South Korea: Medical and Lab Refrigerator Market – Revenue, and Forecast to 2027 (US$ Million)

Figure 58.        Rest of APAC: Medical and Lab Refrigerator Market – Revenue, and Forecast to 2027 (US$ Million)

Figure 59.        Middle East & Africa: Medical and Lab Refrigerator Market – Revenue and Forecast to 2027 (US$ Million)

Figure 60.        Middle East & Africa: Medical and Lab Refrigerator Market Revenue Share, by Product Type (2019 and 2027)

Figure 61.        Middle East & Africa: Medical and Lab Refrigerator Market Revenue Share, by End-user (2019 and 2027)

Figure 62.        Middle East & Africa: Medical and Lab Refrigerator Market Revenue Share, by Key Country (2019 and 2027)

Figure 63.        Saudi Arabia: Medical and Lab Refrigerator Market – Revenue, and Forecast to 2027 (US$ Million)

Figure 64.        UAE: Medical and Lab Refrigerator Market – Revenue, and Forecast to 2027 (US$ Million)

Figure 65.        South Africa: Medical and Lab Refrigerator Market – Revenue, and Forecast to 2027 (US$ Million)

Figure 66.        Rest of MEA: Medical and Lab Refrigerator Market – Revenue, and Forecast to 2027 (US$ Million)

Figure 67.        South America: Medical and Lab Refrigerator Market – Revenue and Forecast to 2027 (US$ Million)

Figure 68.        South America: Medical and Lab Refrigerator Market Revenue Share, by Product Type (2019 and 2027)

Figure 69.        South America: Medical and Lab Refrigerator Market Revenue Share, by End-user (2019 and 2027)

Figure 70.        South America: Medical and Lab Refrigerator Market Revenue Share, by Key Country (2019 and 2027)

Figure 71.        Brazil: Medical and Lab Refrigerator Market – Revenue, and Forecast to 2027 (US$ Million)

Figure 72.        Argentina: Medical and Lab Refrigerator Market – Revenue, and Forecast to 2027 (US$ Million)

Figure 73.        Rest of SAM: Medical and Lab Refrigerator Market – Revenue, and Forecast to 2027 (US$ Million)

Figure 74.        Impact of COVID-19 Pandemic in North American Markets

Figure 75.        Impact of COVID-19 Pandemic in European Markets

Figure 76.        Impact of COVID-19 Pandemic in Asia Pacific Markets

Figure 77.        Impact of COVID-19 Pandemic in Middle East & Arica Markets

Figure 78.        Impact of COVID-19 Pandemic in South Africa Markets

 

The List of Companies - Medical and Lab Refrigerator Market

  1. ZhongkeMeiling Cryogenics Company Limited.
  2. Felix Storch, Inc.
  3. Follett LLC
  4. Helmer Scientific Inc.
  5. Haier Biomedical
  6. Lec Medical
  7. Philipp Kirsch GmbH
  8. Thermo Fisher Scientific Inc.
  9. Vestfrost Solutions
  10. Blue Star Limited
  • Highlights key business priorities in order to assist companies to realign their business strategies.
  • The key findings and recommendations highlight crucial progressive industry trends in the medical and lab refrigerator market, thereby allowing players to develop effective long-term strategies.
  • Develop/modify business expansion plans by using substantial growth offering developed and emerging markets.
  • Scrutinize in-depth global market trends and outlook coupled with the factors driving the market, as well as those hindering it.
  • Enhance the decision-making process by understanding the strategies that underpin commercial interest with respect technology and solution type.
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Frequently Asked Questions

Hospitals and pharmacies, owing to presence of specialized hospitals and clinics that offer complex services, which is associated with the use of modern techniques and equipment, as well as new drug discoveries. In several cases, refrigeration systems have become vital resources carried out procedures and to maintain ideal conditions of diverse materials. Thus, medical-grade refrigerators are highly used in hospitals. These are commonly used to store blood bags, serums, tissues, and organs for transplant. Proper storage is of these components is highly essential to prevent financial loss.

Factors such as rising demand for blood storage units, growing number of trauma centers and hospitals are fueling the demand for medical and lab refrigerator market. In addition, the need for blood and blood derivatives is growing with the evolution of modern healthcare systems, an increase in life expectancy, and a higher incidence of numerous diseases. Blood banks witness an enormous inflow of blood units from blood donation and outflow to hospitals and research centers daily, thus necessitating the need for proper preservation and traceable refrigeration solutions such as blood banks.

The pharmaceutical industry in Europe is one of the key performing high-tech sectors. In 2018, the European Federation of Pharmaceutical Industries and Associations (EFPIA) estimated that the industry manufactured ~US$ 282 billion of medicines. Also, in 2018, the pharmaceutical industry in the region invested ~US$ 40,000 million in R&D, which signifies the extensive use of laboratories and medical refrigerators. Rising adoption of medical-grade refrigerators by the pharmaceutical companies and research laboratories engaged in the drug discovery process will also spur the medical and lab refrigerator growth. Thus, the European region led the medical and lab refrigerator market.

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