Market Overview:
The global medical grade refrigerators 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 grade refrigerators from hospitals, blood banks, and pharmacies across the globe. In addition, the growing awareness about food safety and hygiene is also contributing to the growth of this market. The global medical grade refrigerator market can be segmented on the basis of type into between 2°and 8°C, between 0°and -40°C, and under -40°C segments. The between 2°and 8 ‚–C segment is expected to account for a major share of the global medical grade refrigerator market in 2018 owing to its widespread use in hospitals and other healthcare facilities.
Product Definition:
Medical grade refrigerators are used to store medications, vaccines, and other medical supplies that need to be kept cold. They are important because they help keep the products safe and stable.
Between 2°and 8°:
The Refrigerator temperature is controlled by a Thermostat which helps in maintaining the temperature of the stored items at desired temperatures. The Refrigerators with 2? to 8? range are used for storing medical grade items such as blood, medicines, vaccines and other related products. These refrigerators have an additional feature of being able to control the humidity level inside it.
This technology helps in controlling moisture content.
Between 0°and -40°:
The between 0°and -40° is the range where the temperature of food and beverages stored in refrigerators is maintained. The Refrigeration grade Between 0-40 degrees uses a compressor that works on vapor compression to decrease the temperature of liquid ammonia, which in turn helps to decrease the freezing point of Ammonia (NH3) used for cooling.
Application Insights:
Based on application, the global medical grade refrigerators market is segmented into hospital, blood bank, pharmacy and others. The hospital application segment dominated the market in 2017 owing to increasing demand for advanced healthcare services across the globe. Moreover, an increase in number of hospitals and critical care units has also positively influenced product demand in this segment.
The blood bank application segment is expected to witness significant growth over the forecast period due to rising need for preservation of blood samples at sub-zero temperatures. Also, a rise in number of Blood Transfusion Services (BTS) across various regions is anticipated to boost industry growth over next few years.
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 as compared to other regions. Moreover, presence of key pharmaceutical companies such as Pfizer Inc., Merck & Co., Inc.; and Johnson & Johnson has fueled the growth of this regional market for GMGRs.
Asia Pacific is anticipated to witness lucrative growth over the forecast period owing to rising medical tourism, improving healthcare infrastructure, growing awareness about blood donation along with various government initiatives undertaken for increasing patient flow through these hospitals/blood banks are some factors driving this regional demand for GMGRs Market In Asia Pacific (APAC).
Growth Factors:
- Increasing demand for medical grade refrigerators from the pharmaceutical and biotechnology industries for storage of vaccines, drugs, and other laboratory specimens.
- Growing number of hospitals and clinics worldwide that require reliable temperature-controlled storage solutions for medicines, blood products, and other medical supplies.
- Proliferation of home healthcare services that need to store sensitive medical supplies such as insulin or chemotherapy drugs in a safe manner.
- Rising awareness among consumers about the importance of maintaining proper temperature conditions for storing food items as well as medications and health supplements.
Scope Of The Report
Report Attributes
Report Details
Report Title
Medical Grade Refrigerators 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
143
Number of Tables & Figures
101
Customization Available
Yes, the report can be customized as per your need.
Global Medical Grade Refrigerators Market Report Segments:
The global Medical Grade Refrigerators 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 Grade Refrigerators 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 Grade Refrigerators 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
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- 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?
Medical grade refrigerators are specifically designed to meet the needs of healthcare facilities. These refrigerators are often equipped with features that make them more efficient and reliable, such as temperature monitoring systems and automatic defrosting capabilities. They also tend to be more expensive than standard models, but they offer a high level of quality assurance.
Some of the major companies in the medical grade refrigerators 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 grade refrigerators 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 Grade Refrigerators 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 Grade Refrigerators Market Dynamics
4.2.1 Market Drivers
4.2.2 Market Restraints
4.2.3 Market Opportunity
4.3 Medical Grade Refrigerators 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 Grade Refrigerators 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 Grade Refrigerators Market Size & Forecast, 2020-2028
4.5.1 Medical Grade Refrigerators Market Size and Y-o-Y Growth
4.5.2 Medical Grade Refrigerators 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 Grade Refrigerators 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 Grade Refrigerators 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 Grade Refrigerators Market: Competitive Dashboard
14.2 Global Medical Grade Refrigerators 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
