Market Overview:
The global hospital refrigerator market is expected to grow at a CAGR of 5.5% from 2018 to 2030. The growth in the market can be attributed to the increasing demand for hospital refrigerators from hospitals, clinics, and laboratories across the globe. Additionally, the growing awareness about food safety and hygiene is also propelling the growth of this market. On the basis of type, vertical hospital refrigerators are expected to dominate the global hospital refrigerator market during 2018-2030. This can be attributed to their ability to store large quantities of food items and drugs simultaneously in a compact space. On account of their growing popularity among hospitals, clinics, and laboratories; these refrigerators are witnessing an increase in demand across regions such as North America, Latin America Europe Asia Pacific (APAC)and Middle East & Africa (MEA).
Product Definition:
A refrigerator used in a hospital, typically one large enough to store blood products, surgical supplies, and other medical items.
Vertical:
Vertical farming is a technique of producing food in a vertically stacked-layer such as the layers of a building or the ceiling of a room. The method produces more yield per unit area than traditional agriculture and helps in providing fresh produce to local communities with less environmental damage. It also helps in providing fresh produce to local communities with less environmental damage.
Horizontal:
Horizontal refrigerators are used to store and preserve food products. They have doors on both the top and bottom of the unit, which makes it easier for consumers to load and unload items. Horizontal refrigerators can be floor models or built-in freezers, depending on their size.
Application Insights:
The market is segmented on the basis of application into hospital, clinic, laboratory and others. The hospital segment dominated the global market in 2017 owing to factors such as increasing government funding for healthcare and rising prevalence of chronic diseases. In addition, an increase in the number of surgeries has also positively influenced product demand.
The other applications include food-processing industries, dairy plants and fish farms among others. These industries require a large number of refrigerators due to high storage requirements along with air conditioning systems that can maintain required temperature levels throughout the year without any additional costs or electricity consumption.
Regional Analysis:
North America dominated the global hospital refrigerator market in 2017. The presence of well-established healthcare facilities, favorable reimbursement policies, and increasing investments by governments to improve patient care standards are some of the major factors contributing to market growth. For instance, according to data published by Centers for Medicare & Medicaid Services (CMS), hospitals accounted for a revenue share of 40.0% in Medicare reimbursement in 2015 and 2016.
Asia Pacific is expected to be one of the fastest growing regions over the forecast period owing to improving economic conditions.
Growth Factors:
- Increasing demand for food products due to changing lifestyle and growing population
- Technological advancements in hospital refrigerators that offer better energy efficiency and performance
- Growing awareness about the benefits of using hospital refrigerators among healthcare professionals and consumers
- Rising investments by manufacturers in research and development to develop new technologies for hospital refrigerators
- Emergence of eco-friendly hospital refrigerator models that use less energy
Scope Of The Report
Report Attributes
Report Details
Report Title
Hospital Refrigerator Market Research Report
By Type
Vertical, Horizontal
By Application
Hospital, Clinic, Laboratory, Other
By Companies
Antech Group Inc., B Medical Systems, Biobase, DOMETIC, ELECTRO CALORIQUE, Fiocchetti, KW Apparecchi Scientifici, Lec Medical, Meditech Technologies, Porkka, Rago, SMEG, SpaceCode, Tech-Lab Scientific, Tritec, Unifrigor
Regions Covered
North America, Europe, APAC, Latin America, MEA
Base Year
2021
Historical Year
2019 to 2020 (Data from 2010 can be provided as per availability)
Forecast Year
2030
Number of Pages
172
Number of Tables & Figures
121
Customization Available
Yes, the report can be customized as per your need.
Global Hospital Refrigerator Market Report Segments:
The global Hospital Refrigerator market is segmented on the basis of:
Types
Vertical, Horizontal
The product segment provides information about the market share of each product and the respective CAGR during the forecast period. It lays out information about the product pricing parameters, trends, and profits that provides in-depth insights of the market. Furthermore, it discusses latest product developments & innovation in the market.
Applications
Hospital, Clinic, Laboratory, Other
The application segment fragments various applications of the product and provides information on the market share and growth rate of each application segment. It discusses the potential future applications of the products and driving and restraining factors of each application segment.
Some of the companies that are profiled in this report are:
- Antech Group Inc.
- B Medical Systems
- Biobase
- DOMETIC
- ELECTRO CALORIQUE
- Fiocchetti
- KW Apparecchi Scientifici
- Lec Medical
- Meditech Technologies
- Porkka
- Rago
- SMEG
- SpaceCode
- Tech-Lab Scientific
- Tritec
- Unifrigor
Highlights of The Hospital Refrigerator Market Report:
- The market structure and projections for the coming years.
- Drivers, restraints, opportunities, and current trends of market.
- Historical data and forecast.
- Estimations for the forecast period 2030.
- Developments and trends in the market.
- By Type:
- Vertical
- Horizontal
- By Application:
- Hospital
- Clinic
- Laboratory
- Other
- Market scenario by region, sub-region, and country.
- Market share of the market players, company profiles, product specifications, SWOT analysis, and competitive landscape.
- Analysis regarding upstream raw materials, downstream demand, and current market dynamics.
- Government Policies, Macro & Micro economic factors are also included in the report.
We have studied the Hospital Refrigerator Market in 360 degrees via. both primary & secondary research methodologies. This helped us in building an understanding of the current market dynamics, supply-demand gap, pricing trends, product preferences, consumer patterns & so on. The findings were further validated through primary research with industry experts & opinion leaders across countries. The data is further compiled & validated through various market estimation & data validation methodologies. Further, we also have our in-house data forecasting model to predict market growth up to 2030.
Regional Analysis
- North America
- Europe
- Asia Pacific
- Middle East & Africa
- Latin America
Note: A country of choice can be added in the report at no extra cost. If more than one country needs to be added, the research quote will vary accordingly.
The geographical analysis part of the report provides information about the product sales in terms of volume and revenue in regions. It lays out potential opportunities for the new entrants, emerging players, and major players in the region. The regional analysis is done after considering the socio-economic factors and government regulations of the countries in the regions.
How you may use our products:
- Correctly Positioning New Products
- Market Entry Strategies
- Business Expansion Strategies
- Consumer Insights
- Understanding Competition Scenario
- Product & Brand Management
- Channel & Customer Management
- Identifying Appropriate Advertising Appeals
8 Reasons to Buy This Report
- Includes a Chapter on the Impact of COVID-19 Pandemic On the Market
- Report Prepared After Conducting Interviews with Industry Experts & Top Designates of the Companies in the Market
- Implemented Robust Methodology to Prepare the Report
- Includes Graphs, Statistics, Flowcharts, and Infographics to Save Time
- Industry Growth Insights Provides 24/5 Assistance Regarding the Doubts in the Report
- Provides Information About the Top-winning Strategies Implemented by Industry Players.
- In-depth Insights On the Market Drivers, Restraints, Opportunities, and Threats
- Customization of the Report Available
Frequently Asked Questions?
A hospital refrigerator is a large, temperature-controlled machine that stores food and beverages for patients in the hospital. It is often used to store cold items such as ice cream, yogurt, fruit juices and milk.
Some of the key players operating in the hospital refrigerator market are Antech Group Inc., B Medical Systems, Biobase, DOMETIC, ELECTRO CALORIQUE, Fiocchetti, KW Apparecchi Scientifici, Lec Medical, Meditech Technologies, Porkka, Rago, SMEG, SpaceCode, Tech-Lab Scientific, Tritec, Unifrigor.
The hospital refrigerator market is expected to grow at a compound annual growth rate of 5.5%.
Chapter 1 Executive Summary
Chapter 2 Assumptions and Acronyms Used
Chapter 3 Research Methodology
Chapter 4 Hospital Refrigerator Market Overview 4.1 Introduction 4.1.1 Market Taxonomy 4.1.2 Market Definition 4.1.3 Macro-Economic Factors Impacting the Market Growth 4.2 Hospital Refrigerator Market Dynamics 4.2.1 Market Drivers 4.2.2 Market Restraints 4.2.3 Market Opportunity 4.3 Hospital Refrigerator Market - Supply Chain Analysis 4.3.1 List of Key Suppliers 4.3.2 List of Key Distributors 4.3.3 List of Key Consumers 4.4 Key Forces Shaping the Hospital Refrigerator Market 4.4.1 Bargaining Power of Suppliers 4.4.2 Bargaining Power of Buyers 4.4.3 Threat of Substitution 4.4.4 Threat of New Entrants 4.4.5 Competitive Rivalry 4.5 Global Hospital Refrigerator Market Size & Forecast, 2020-2028 4.5.1 Hospital Refrigerator Market Size and Y-o-Y Growth 4.5.2 Hospital Refrigerator Market Absolute $ Opportunity
Chapter 5 Global Market Analysis and Forecast by Type
5.1 Introduction
5.1.1 Key Market Trends & Growth Opportunities by Type
5.1.2 Basis Point Share (BPS) Analysis by Type
5.1.3 Absolute $ Opportunity Assessment by Type
5.2 Market Size Forecast by Type
5.2.1 Vertical
5.2.2 Horizontal
5.3 Market Attractiveness Analysis by Type
Chapter 6 Global Market Analysis and Forecast by Applications
6.1 Introduction
6.1.1 Key Market Trends & Growth Opportunities by Applications
6.1.2 Basis Point Share (BPS) Analysis by Applications
6.1.3 Absolute $ Opportunity Assessment by Applications
6.2 Market Size Forecast by Applications
6.2.1 Hospital
6.2.2 Clinic
6.2.3 Laboratory
6.2.4 Other
6.3 Market Attractiveness Analysis by Applications
Chapter 7 Global Hospital Refrigerator Market Analysis and Forecast by Region
7.1 Introduction
7.1.1 Key Market Trends & Growth Opportunities by Region
7.1.2 Basis Point Share (BPS) Analysis by Region
7.1.3 Absolute $ Opportunity Assessment by Region
7.2 Hospital Refrigerator Market Size Forecast by Region
7.2.1 North America
7.2.2 Europe
7.2.3 Asia Pacific
7.2.4 Latin America
7.2.5 Middle East & Africa (MEA)
7.3 Market Attractiveness Analysis by Region
Chapter 8 Coronavirus Disease (COVID-19) Impact
8.1 Introduction
8.2 Current & Future Impact Analysis
8.3 Economic Impact Analysis
8.4 Government Policies
8.5 Investment Scenario
Chapter 9 North America Analysis and Forecast
9.1 Introduction
9.2 North America Market Size Forecast by Country
9.2.1 U.S.
9.2.2 Canada
9.3 Basis Point Share (BPS) Analysis by Country
9.4 Absolute $ Opportunity Assessment by Country
9.5 Market Attractiveness Analysis by Country
9.6 North America Market Size Forecast by Type
9.6.1 Vertical
9.6.2 Horizontal
9.7 Basis Point Share (BPS) Analysis by Type
9.8 Absolute $ Opportunity Assessment by Type
9.9 Market Attractiveness Analysis by Type
9.10 North America Market Size Forecast by Applications
9.10.1 Hospital
9.10.2 Clinic
9.10.3 Laboratory
9.10.4 Other
9.11 Basis Point Share (BPS) Analysis by Applications
9.12 Absolute $ Opportunity Assessment by Applications
9.13 Market Attractiveness Analysis by Applications
Chapter 10 Europe Analysis and Forecast
10.1 Introduction
10.2 Europe Market Size Forecast by Country
10.2.1 Germany
10.2.2 France
10.2.3 Italy
10.2.4 U.K.
10.2.5 Spain
10.2.6 Russia
10.2.7 Rest of Europe
10.3 Basis Point Share (BPS) Analysis by Country
10.4 Absolute $ Opportunity Assessment by Country
10.5 Market Attractiveness Analysis by Country
10.6 Europe Market Size Forecast by Type
10.6.1 Vertical
10.6.2 Horizontal
10.7 Basis Point Share (BPS) Analysis by Type
10.8 Absolute $ Opportunity Assessment by Type
10.9 Market Attractiveness Analysis by Type
10.10 Europe Market Size Forecast by Applications
10.10.1 Hospital
10.10.2 Clinic
10.10.3 Laboratory
10.10.4 Other
10.11 Basis Point Share (BPS) Analysis by Applications
10.12 Absolute $ Opportunity Assessment by Applications
10.13 Market Attractiveness Analysis by Applications
Chapter 11 Asia Pacific Analysis and Forecast
11.1 Introduction
11.2 Asia Pacific Market Size Forecast by Country
11.2.1 China
11.2.2 Japan
11.2.3 South Korea
11.2.4 India
11.2.5 Australia
11.2.6 South East Asia (SEA)
11.2.7 Rest of Asia Pacific (APAC)
11.3 Basis Point Share (BPS) Analysis by Country
11.4 Absolute $ Opportunity Assessment by Country
11.5 Market Attractiveness Analysis by Country
11.6 Asia Pacific Market Size Forecast by Type
11.6.1 Vertical
11.6.2 Horizontal
11.7 Basis Point Share (BPS) Analysis by Type
11.8 Absolute $ Opportunity Assessment by Type
11.9 Market Attractiveness Analysis by Type
11.10 Asia Pacific Market Size Forecast by Applications
11.10.1 Hospital
11.10.2 Clinic
11.10.3 Laboratory
11.10.4 Other
11.11 Basis Point Share (BPS) Analysis by Applications
11.12 Absolute $ Opportunity Assessment by Applications
11.13 Market Attractiveness Analysis by Applications
Chapter 12 Latin America Analysis and Forecast
12.1 Introduction
12.2 Latin America Market Size Forecast by Country
12.2.1 Brazil
12.2.2 Mexico
12.2.3 Rest of Latin America (LATAM)
12.3 Basis Point Share (BPS) Analysis by Country
12.4 Absolute $ Opportunity Assessment by Country
12.5 Market Attractiveness Analysis by Country
12.6 Latin America Market Size Forecast by Type
12.6.1 Vertical
12.6.2 Horizontal
12.7 Basis Point Share (BPS) Analysis by Type
12.8 Absolute $ Opportunity Assessment by Type
12.9 Market Attractiveness Analysis by Type
12.10 Latin America Market Size Forecast by Applications
12.10.1 Hospital
12.10.2 Clinic
12.10.3 Laboratory
12.10.4 Other
12.11 Basis Point Share (BPS) Analysis by Applications
12.12 Absolute $ Opportunity Assessment by Applications
12.13 Market Attractiveness Analysis by Applications
Chapter 13 Middle East & Africa (MEA) Analysis and Forecast
13.1 Introduction
13.2 Middle East & Africa (MEA) Market Size Forecast by Country
13.2.1 Saudi Arabia
13.2.2 South Africa
13.2.3 UAE
13.2.4 Rest of Middle East & Africa (MEA)
13.3 Basis Point Share (BPS) Analysis by Country
13.4 Absolute $ Opportunity Assessment by Country
13.5 Market Attractiveness Analysis by Country
13.6 Middle East & Africa (MEA) Market Size Forecast by Type
13.6.1 Vertical
13.6.2 Horizontal
13.7 Basis Point Share (BPS) Analysis by Type
13.8 Absolute $ Opportunity Assessment by Type
13.9 Market Attractiveness Analysis by Type
13.10 Middle East & Africa (MEA) Market Size Forecast by Applications
13.10.1 Hospital
13.10.2 Clinic
13.10.3 Laboratory
13.10.4 Other
13.11 Basis Point Share (BPS) Analysis by Applications
13.12 Absolute $ Opportunity Assessment by Applications
13.13 Market Attractiveness Analysis by Applications
Chapter 14 Competition Landscape
14.1 Hospital Refrigerator Market: Competitive Dashboard
14.2 Global Hospital Refrigerator Market: Market Share Analysis, 2019
14.3 Company Profiles (Details – Overview, Financials, Developments, Strategy)
14.3.1 Antech Group Inc.
14.3.2 B Medical Systems
14.3.3 Biobase
14.3.4 DOMETIC
14.3.5 ELECTRO CALORIQUE
14.3.6 Fiocchetti
14.3.7 KW Apparecchi Scientifici
14.3.8 Lec Medical
14.3.9 Meditech Technologies
14.3.10 Porkka
14.3.11 Rago
14.3.12 SMEG
14.3.13 SpaceCode
14.3.14 Tech-Lab Scientific
14.3.15 Tritec
14.3.16 Unifrigor