The Middle East & Africa Medical and Lab Refrigerator is expected to reach US$ 280.58 million in 2027 from US$ 390.17 million in 2019; it is estimated to grow at a CAGR of 4.2% from 2020 to 2027.
Saudi Arabia held prime market share in 2019. The population of the country is estimated to reach 77.2 million by 2050, up from 32.6 million in 2018, as per the World Bank. The growing population will further boost demand for healthcare services. The Government encourages the participation of the private sector in its healthcare sector under the National Transformation Program (NTP) and the privatization plan. In addition, stand-alone laboratories, as well as diagnostic centres, are required to support an increasing number of outpatient facilities in the country. These factors are expected to boost the medical and laboratory refrigerators market
The rest of the MEA region includes Middle East economies such as Bahrain, Qatar, Egypt, Iran, Israel, and Kuwait, among others. It also includes economies in the African region. Rapid urbanization has resulted in the growth of the hospital sector in these countries. For instance, in 2019, Kuwait’s Ministry of Health and the Ministry of Public Works announced a ~US$ 4.42 billion projects for replacing or expanding nine operating hospitals during the next ten years.
Saudi Arabia Medical and Lab Refrigerator Market Revenue and Forecast to 2027 (US$ Million)
- This FREE sample will include data analysis, ranging from market trends to estimates and forecasts.
MIDDLE EAST & AFRICA MEDICAL AND LAB REFRIGERATOR – MARKET SEGMENTATION
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
- Saudi Arabia
- UAE
- South Africa
- Rest of MEA
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
Middle East and Africa Medical and Lab Refrigerator Report Scope
| Report Attribute | Details |
|---|---|
| Market size in 2019 | US$ 390.17 Million |
| Market Size by 2027 | US$ 280.58 Million |
| Global CAGR (2020 - 2027) | 4.2% |
| Historical Data | 2017-2018 |
| Forecast period | 2020-2027 |
| Segments Covered |
By Product Type
|
| Regions and Countries Covered | Middle East and Africa
|
| Market leaders and key company profiles |
- Historical Analysis (2 Years), Base Year, Forecast (7 Years) with CAGR
- PEST and SWOT Analysis
- Market Size Value / Volume - Global, Regional, Country
- Industry and Competitive Landscape
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Report Coverage
Revenue forecast, Company Analysis, Industry landscape, Growth factors, and Trends
Segment Covered
Product Type, End User, and Geography
Regional Scope
North America, Europe, Asia Pacific, Middle East & Africa, South & Central America
Country Scope
Saudi Arabia
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The List of Companies - Middle East and Africa Medical and Lab Refrigerator Market
- 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
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