Market Overview:
The global pharmacy refrigerators and 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 these products from hospitals, pharmacies, clinics, and other end-users. In addition, the growing awareness about the benefits of using pharmacy refrigerators and freezers is also contributing to the growth of this market. Based on type, the global pharmacy refrigerators and freezers market can be segmented into benchtop refrigerator and freezer units, upright refrigerator and freezer units, and other types of refrigerator and freezer units. The benchtop refrigerator segment is expected to account for a major share of the global pharmacy refrigerators and freezers market in 2018 owing to its small size that makes it ideal for use in pharmacies as well as hospitals. However, with technological advancements being made in upright fridge/freezer units such as automatic defrosting systems that prevent ice buildup on coils or shelves over time; this segment is projected to witness high growth during the forecast period from 2018to 2030.
Product Definition:
A pharmacy refrigerator is a type of refrigerator specifically designed to store medications, vaccines and other medical supplies at a controlled temperature. Pharmacy refrigerators are typically used in pharmacies, hospitals and other healthcare facilities. They are important for keeping medications and other medical supplies stable and safe.
Benchtop:
The global benchtop market is expected to grow at a CAGR of XX% from 2016 to 2024. The growth can be attributed to the increasing demand for automation in laboratories and the growing number of R&D initiatives by key players.
Technological advancements such as integration with cloud-based solutions, high-speed USB ports, and integrated Wi-Fi are some of the factors driving market growth.
Upright:
UPRIGHT freezer and refrigerator are used in the pharmaceutical industry for storage of temperature-sensitive drugs. These products have advanced thermal insulation properties which help to preserve the quality as well as potency of medicines. Upright freezers and refrigerators are available with either top load or side by side configuration, depending on the size of equipment required by manufacturers.
Application Insights:
The market is segmented by application into hospitals, pharmacies, clinics and others. The hospital segment dominated the global market in 2017 owing to factors such as increasing healthcare spending and government initiatives such as ¢â‚¬Å“Gap Year¢â‚¬ for students. In addition, an increase in the number of hospitals due to rapid urbanization has also positively influenced product demand globally.
Pharmacy refrigerators are used for storing medicines at appropriate temperatures so that they can be used throughout their life cycles which include from manufacturing until they get expired or discarded after use. Pharmacists are expected to play a key role in developing countries where there is still a lack of knowledge about diseases and their treatment methods among people especially rural areas where medical facilities are limited compared to cities thus driving product demand globally over the forecast period.
Regional Analysis:
North America dominated the global market in 2017. The presence of a large number of key players, streamlined reimbursement policies, and high healthcare expenditure are some factors attributing to its largest share. Moreover, increasing demand for advanced medicines and rising consumer awareness regarding their access to quality medical services are expected to drive the regional market over the forecast period.
Asia Pacific is anticipated to be one of the fastest-growing regions owing to improving economic conditions in emerging countries such as China and India. In addition, an increase in retail pharmacies due to government initiatives for Universal Health Care System (UHC) is also expected fuel growth during the forecast period. Furthermore, growing investments by international companies such as Johnson & Johnson Services Inc.; Cipla Inc.; Dr Reddy's Laboratories Ltd; Sun Pharmaceutical Industries Ltd; GlaxoSmithKline plc; Novartis AG; Merck KGaA GmbH & Co.
Growth Factors:
- Increasing demand for vaccines and other temperature-sensitive drugs
- Growing number of pharmacies in developing countries
- Rising prevalence of chronic diseases and increasing demand for prescription drugs
- Technological advancements in pharmacy refrigerators and freezers
- Increasing awareness about the benefits of using pharmacy refrigerators and freezers
Scope Of The Report
Report Attributes
Report Details
Report Title
Pharmacy Refrigerators and Freezers Market Research Report
By Type
Benchtop, Upright, Other
By Application
Hospitals, Pharmacy, Clinic, Others
By Companies
Thermo Fisher Scientific, PHC Corporation, Haier Biomedical, Dometic Group, Helmer Scientific, AUCMA, Dulas, SunDanzer, Sure Chill, SO-LOW, Meiling, Vestfrost Solutions, Indrel Scientific, Felix Storch
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
181
Number of Tables & Figures
127
Customization Available
Yes, the report can be customized as per your need.
Global Pharmacy Refrigerators and Freezers Market Report Segments:
The global Pharmacy Refrigerators and Freezers market is segmented on the basis of:
Types
Benchtop, Upright, Other
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
Hospitals, Pharmacy, Clinic, 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:
- Thermo Fisher Scientific
- PHC Corporation
- Haier Biomedical
- Dometic Group
- Helmer Scientific
- AUCMA
- Dulas
- SunDanzer
- Sure Chill
- SO-LOW
- Meiling
- Vestfrost Solutions
- Indrel Scientific
- Felix Storch
Highlights of The Pharmacy Refrigerators and 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:
- Benchtop
- Upright
- Other
- By Application:
- Hospitals
- Pharmacy
- Clinic
- 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 Pharmacy Refrigerators and 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
- Market Entry Strategies
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- Product & Brand Management
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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 pharmacy refrigerator or freezer is a specialized appliance used to store medications and other medical supplies. Pharmacies often have larger refrigerators and freezers than homes, which allows them to store more inventory. Refrigerators typically hold medications, while freezers can also contain frozen food items such as ice cream.
Some of the key players operating in the pharmacy refrigerators and freezers market are Thermo Fisher Scientific, PHC Corporation, Haier Biomedical, Dometic Group, Helmer Scientific, AUCMA, Dulas, SunDanzer, Sure Chill, SO-LOW, Meiling, Vestfrost Solutions, Indrel Scientific, Felix Storch.
The pharmacy refrigerators and 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 Pharmacy Refrigerators and 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 Pharmacy Refrigerators and Freezers Market Dynamics
4.2.1 Market Drivers
4.2.2 Market Restraints
4.2.3 Market Opportunity
4.3 Pharmacy Refrigerators and 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 Pharmacy Refrigerators and 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 Pharmacy Refrigerators and Freezers Market Size & Forecast, 2020-2028
4.5.1 Pharmacy Refrigerators and Freezers Market Size and Y-o-Y Growth
4.5.2 Pharmacy Refrigerators and 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 Benchtop
5.2.2 Upright
5.2.3 Other
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 Hospitals
6.2.2 Pharmacy
6.2.3 Clinic
6.2.4 Others
6.3 Market Attractiveness Analysis by Applications
Chapter 7 Global Pharmacy Refrigerators and 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 Pharmacy Refrigerators and 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 Benchtop
9.6.2 Upright
9.6.3 Other
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 Hospitals
9.10.2 Pharmacy
9.10.3 Clinic
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 Benchtop
10.6.2 Upright
10.6.3 Other
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 Hospitals
10.10.2 Pharmacy
10.10.3 Clinic
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 Benchtop
11.6.2 Upright
11.6.3 Other
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 Hospitals
11.10.2 Pharmacy
11.10.3 Clinic
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 Benchtop
12.6.2 Upright
12.6.3 Other
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 Hospitals
12.10.2 Pharmacy
12.10.3 Clinic
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 Benchtop
13.6.2 Upright
13.6.3 Other
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 Hospitals
13.10.2 Pharmacy
13.10.3 Clinic
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 Pharmacy Refrigerators and Freezers Market: Competitive Dashboard
14.2 Global Pharmacy Refrigerators and Freezers Market: Market Share Analysis, 2019
14.3 Company Profiles (Details – Overview, Financials, Developments, Strategy)
14.3.1 Thermo Fisher Scientific
14.3.2 PHC Corporation
14.3.3 Haier Biomedical
14.3.4 Dometic Group
14.3.5 Helmer Scientific
14.3.6 AUCMA
14.3.7 Dulas
14.3.8 SunDanzer
14.3.9 Sure Chill
14.3.10 SO-LOW
14.3.11 Meiling
14.3.12 Vestfrost Solutions
14.3.13 Indrel Scientific
14.3.14 Felix Storch
