Middle East and Africa Medical and Lab Refrigerator Market Analysis and Opportunities by 2027

Historic Data: 2017-2018 | Base Year: 2019 | Forecast Period: 2020-2027

Middle East and Africa 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

Report Date : Nov 2020
Report Code : TIPRE00016287

Category : Life Sciences
Status : Published

Available Report Formats :
No. of Pages : 98

Page Updated: Nov 2020

Analysis Strategic Insights Market Drivers Regional Insights Report Scope Recent Developments FAQs

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 Blood Bank Refrigerators Laboratory Refrigerators Pharmacy Refrigerators Enzyme Refrigerators By End User Blood Banks Pharmaceutical Companies Hospitals and Pharmacies Research Institutes
Regions and Countries Covered	Middle East and Africa South Africa Saudi Arabia UAE Rest of Middle East and Africa
Market leaders and key 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

Research Manager

Mrinal Kerhalkar

Manager,
Market Research & Consulting

Mrinal is a seasoned research analyst with over 8 years of experience in Life Sciences Market Intelligence and Consulting. With a strategic mindset and unwavering commitment to excellence, she has built deep expertise in pharmaceutical forecasting, market opportunity assessment, and developing industry benchmarks. Her work is anchored in delivering actionable insights that empower clients to make informed strategic decisions.

Mrinal’s core strength lies in translating complex quantitative datasets into meaningful business intelligence. Her analytical acumen is instrumental in shaping go-to-market (GTM) strategies and uncovering growth opportunities across the pharmaceutical and medical device sectors. As a trusted consultant, she consistently focuses on streamlining workflow processes and establishing best practices, thereby driving innovation and operational efficiency for her clients.

What are the Middle East and Africa Medical and Lab Refrigerator Market report deliverables?

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
Excel Dataset

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