Market Overview:
The global medical freezers market is expected to grow at a CAGR of 5.5% during the forecast period from 2018 to 2030. The growth in this market can be attributed to the increasing demand for medical freezers across different applications, such as hospitals, blood banks, pharmacies, and others. In addition, the growing awareness about food safety and hygiene is also contributing to the growth of this market. Based on type, the global medical freezers market can be segmented into between 2°and 8°freezers, between 0°and -40°freezers, and under -40°freezers. Between 2°and 8 ±freezers are those that maintain a temperature range of 2-8 ‚±Celsius and are used for storage of vaccines and other temperature-sensitive drugs or products. Between 0 ‚±and -40 ‚±freezers maintain a temperature range of 0-40 ‚±Celsius and are used for storage of blood products or other frozen items that need low temperatures for preservation purposes.
Product Definition:
A medical freezer is a device used to store laboratory specimens, vaccines, and other medical items at low temperatures. They are often used in hospitals, clinics, and pharmacies. Medical freezers are important for preserving the integrity of medical items.
Between 2°and 8°:
It is the lowest and initial temperature setting on most freezers. It's range varies between -10°C to 0°C. The lower limit is usually reached in chest freezers, which are used for storing bodies of murder victims or the frozen heads of executed criminals.
The upper limit can be exceeded only if the freezer has a mechanical failure or an open door, through which warm air comes in contact with the product.
Between 0°and -40°:
The Between 0°and -40° is a temperature range that can be used in medical freezers. It's main function is to maintain the temperature of biological materials at or below -40 degrees Celsius and above 0 degrees Celsius.
It also helps to store biological materials such as stem cells, blood, plasma, organs & tissues at extremely low temperatures for later use during surgeries or treatments.
Application Insights:
Based on application, the global medical freezers market is segmented into hospital, blood bank, pharmacy and others. The hospital segment dominated the market in 2017 owing to increasing healthcare spending and a growing geriatric population across countries such as India & China. This has created a huge demand for advanced healthcare facilities which can only be met by freezing temperatures.
The blood bank is expected to be the fastest-growing application over the forecast period due to an increase in transfusion cases across various regions including North America and Europe due to rising awareness about stem cells preservation. Moreover, there is also an increase in donation of whole blood & its components such as red cells (RBCs), white cells (WBCs) and platelets (PLTs). These factors are likely to drive growth during the forecast period.
Regional Analysis:
North America dominated the global market in 2017. The region is expected to maintain its position during the forecast period. This can be attributed to increasing R&D activities and high healthcare expenditure in this region. In addition, rising adoption of advanced medical technologies and favorable reimbursement policies are also contributing toward growth of this regional market.
Asia Pacific is anticipated to witness lucrative growth over the forecast period owing to increasing awareness about various treatment options available for chronic diseases, such as organ transplantation, chemotherapy & radiotherapy for cancer patients, etc., especially in developing countries like India & China and South Korea & Japan; thus boosting demand for freezers used for storage of blood bank products during transportation procedures from donor’s body temperature down to -40°C until it is used or transfused by a patient requiring urgent surgery/treatment; which will increase hospital inventory management costs thereby driving industry expansion over the coming years (8°to 2030).
Growth Factors:
- Increasing demand for vaccines and other biologics: The global market for vaccines is expected to grow at a CAGR of over 9% from 2016 to 2020. This growth is primarily attributed to the increasing incidence of infectious diseases, growing awareness about preventive measures, and rising demand in emerging markets. Medical freezers are used extensively in vaccine storage and distribution centers across the world.
- Technological advancements: The medical freezer market is witnessing rapid technological advancements with the introduction of new products such as smart medical freezers that can be remotely monitored and controlled using smartphones or tablets. These advanced products offer enhanced performance, energy efficiency, and security features compared to traditional medical freezers.
- Growing number of private clinics: There has been a significant increase in the number of private clinics worldwide in recent years due to factors such as rising income levels, improved healthcare infrastructure, and increasing preference for personalized healthcare services. Private clinics require reliable cold storage solutions for storing vaccines, drugs, blood products etc., which is driving demand for medical freezers globally.
Scope Of The Report
Report Attributes
Report Details
Report Title
Medical Freezers Market Research Report
By Type
Between 2°and 8°, Between 0°and -40°, Under -40°
By Application
Hospital, Blood Bank, Pharmacy, Others
By Companies
Panasonic, Thermo Fisher, Haier, Dometic, Helmer Scientific, Eppendorf, Meiling, Felix Storch, Follett, Vestfrost, Standex (ABS), SO-LOW, Angelantoni Life Science, AUCMA, Zhongke Duling
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
179
Number of Tables & Figures
126
Customization Available
Yes, the report can be customized as per your need.
Global Medical Freezers Market Report Segments:
The global Medical Freezers market is segmented on the basis of:
Types
Between 2°and 8°, Between 0°and -40°, Under -40°
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, Blood Bank, Pharmacy, Others
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:
- Panasonic
- Thermo Fisher
- Haier
- Dometic
- Helmer Scientific
- Eppendorf
- Meiling
- Felix Storch
- Follett
- Vestfrost
- Standex (ABS)
- SO-LOW
- Angelantoni Life Science
- AUCMA
- Zhongke Duling
Highlights of The Medical Freezers 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:
- Between 2°and 8°
- Between 0°and -40°
- Under -40°
- By Application:
- Hospital
- Blood Bank
- Pharmacy
- Others
- 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 Medical Freezers 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
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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 medical freezer is a device used to store food that will not spoil. It is typically used by doctors and hospitals to store food for patients who are unable to eat or drink.
Some of the major players in the medical freezers market are Panasonic, Thermo Fisher, Haier, Dometic, Helmer Scientific, Eppendorf, Meiling, Felix Storch, Follett, Vestfrost, Standex (ABS), SO-LOW, Angelantoni Life Science, AUCMA, Zhongke Duling.
The medical freezers market is expected to register a CAGR of 5.5%.
Chapter 1 Executive Summary
Chapter 2 Assumptions and Acronyms Used
Chapter 3 Research Methodology
Chapter 4 Medical Freezers 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 Medical Freezers Market Dynamics
4.2.1 Market Drivers
4.2.2 Market Restraints
4.2.3 Market Opportunity
4.3 Medical Freezers 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 Medical Freezers 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 Medical Freezers Market Size & Forecast, 2020-2028
4.5.1 Medical Freezers Market Size and Y-o-Y Growth
4.5.2 Medical Freezers 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 Between 2°and 8°
5.2.2 Between 0°and -40°
5.2.3 Under -40°
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 Blood Bank
6.2.3 Pharmacy
6.2.4 Others
6.3 Market Attractiveness Analysis by Applications
Chapter 7 Global Medical Freezers 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 Medical Freezers 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 Between 2°and 8°
9.6.2 Between 0°and -40°
9.6.3 Under -40°
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 Blood Bank
9.10.3 Pharmacy
9.10.4 Others
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 Between 2°and 8°
10.6.2 Between 0°and -40°
10.6.3 Under -40°
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 Blood Bank
10.10.3 Pharmacy
10.10.4 Others
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 Between 2°and 8°
11.6.2 Between 0°and -40°
11.6.3 Under -40°
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 Blood Bank
11.10.3 Pharmacy
11.10.4 Others
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 Between 2°and 8°
12.6.2 Between 0°and -40°
12.6.3 Under -40°
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 Blood Bank
12.10.3 Pharmacy
12.10.4 Others
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 Between 2°and 8°
13.6.2 Between 0°and -40°
13.6.3 Under -40°
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 Blood Bank
13.10.3 Pharmacy
13.10.4 Others
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 Medical Freezers Market: Competitive Dashboard
14.2 Global Medical Freezers Market: Market Share Analysis, 2019
14.3 Company Profiles (Details – Overview, Financials, Developments, Strategy)
14.3.1 Panasonic
14.3.2 Thermo Fisher
14.3.3 Haier
14.3.4 Dometic
14.3.5 Helmer Scientific
14.3.6 Eppendorf
14.3.7 Meiling
14.3.8 Felix Storch
14.3.9 Follett
14.3.10 Vestfrost
14.3.11 Standex (ABS)
14.3.12 SO-LOW
14.3.13 Angelantoni Life Science
14.3.14 AUCMA
14.3.15 Zhongke Duling
