Market Overview:
The global reagent 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 blood banks, pharmacies, and laboratories across the globe. In addition, the growing awareness about health and hygiene is also propelling the demand for reagent refrigerators globally. The global reagent refrigerator market can be segmented on the basis of type into low temperature refrigerator (2-8 degrees), ultra-low temperature refrigerator (below 0 degrees), and other types. The low temperature refrigerator segment is expected to dominate the global reagent fridge market during the forecast period owing to its wide applications in blood banks, pharmacies, laboratories, and other sectors.
Product Definition:
A Reagent refrigerator is a device that is used to store laboratory chemicals and other materials at low temperatures. The importance of Reagent refrigerators is that they help to maintain the quality of the stored material by keeping it cold.
Low Temperature Refrigerator(2-8 Degrees):
The global low temperature refrigerator 2-8 degrees market size was valued at USD 1.5 billion in 2015 and is expected to grow at a CAGR of XX% over the forecast period on account of rising demand for HTS (High-Temperature Supermarket) from various sectors such as industrial, automotive, aerospace & defense among others which require temperature range between -50 to +300 degree Celsius.
Ultra-low Temperature Refrigerator(Below 0 Degrees):
Ultra-low temperature refrigerators below 0 degrees are used to store reagents and chemicals that are critical for the manufacturing of vaccines, pharmaceuticals, and other biological products. The ultra-low temperature offered by these refrigerators helps in reducing the growth of bacteria and other microorganisms that can cause contamination during storage.
The demand for such advanced technology is increasing rapidly owing to growing concerns over food safety coupled with rising health awareness among consumers across the globe.
Application Insights:
Based on the application, the global reagent refrigerators market has been segmented into a blood bank, pharmacy, laboratory and other. The blood bank segment dominated the overall market in terms of revenue in 2017. This is attributed to an increase in demand for anticoagulants and coagulants due to rising number of patients suffering from bleeding disorders such as hemophilia. Moreover, an increase in disposable income among individuals across various regions has led to increased spending on healthcare which is further driving growth of this segment.
Pharmacy also accounted for a significant share owing to high usage rate of reagents throughout drug discovery & development process which requires constant monitoring and temperature stabilization at different stages of process (R&D). In addition, increasing prevalence of chronic diseases such as cancer along with aging population across various regions will drive demand for advanced refrigerators over the forecast period thus contributing towards overall industry growth.
Regional Analysis:
North America dominated the global market in 2017. The presence of sophisticated healthcare infrastructure, high adoption rate of advanced technologies, and increasing demand for efficient healthcare services are some major factors driving the regional market growth. Moreover, rising government initiatives to encourage blood donations is expected to drive the demand for reagent refrigerators over the forecast period.
Asia Pacific is anticipated to witness lucrative growth during the forecast period owing to various factors such as improving healthcare infrastructure and growing medical tourism in emerging countries such as China and India. In addition, an increase in R&D activities by pharmaceutical companies may also trigger product demand over the next eight years.
Growth Factors:
- Increasing demand for reagent refrigerators from the biotechnology and pharmaceutical industries for storage of temperature-sensitive samples.
- Growing number of research and development activities in the life sciences sector is expected to boost the demand for reagent refrigerators over the forecast period.
- Technological advancements in reagent refrigerator design and features, such as touch screen displays, wireless connectivity, etc., are expected to fuel their adoption among researchers and laboratories.
- Rising awareness about safety issues associated with storing temperature-sensitive samples is projected to propel the demand for reagent refrigerators over the next few years.
Scope Of The Report
Report Attributes
Report Details
Report Title
Reagent Refrigerators Market Research Report
By Type
Low Temperature Refrigerator(2-8 Degrees), Ultra-low Temperature Refrigerator(Below 0 Degrees), Other
By Application
Blood bank, Pharmacy, Laboratory, Other
By Companies
Haier, Sanyo (Panasonic), Dometic, Zhongke Meiling, Thermo Fisher Scientific, Aucma, Helmer, Follett, American Biotech Supply, Labcold, LEC,Inc, Philipp Kirsch GmbH, Migali Scientific, Yifulian, Aoxue, Gram Commercial A/S, Iceshare, Fiocchetti, TEMPSTABLE, Arctiko
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
242
Number of Tables & Figures
170
Customization Available
Yes, the report can be customized as per your need.
Global Reagent Refrigerators Market Report Segments:
The global Reagent Refrigerators market is segmented on the basis of:
Types
Low Temperature Refrigerator(2-8 Degrees), Ultra-low Temperature Refrigerator(Below 0 Degrees), 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
Blood bank, Pharmacy, 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:
- Haier
- Sanyo (Panasonic)
- Dometic
- Zhongke Meiling
- Thermo Fisher Scientific
- Aucma
- Helmer
- Follett
- American Biotech Supply
- Labcold
- LEC,Inc
- Philipp Kirsch GmbH
- Migali Scientific
- Yifulian
- Aoxue
- Gram Commercial A/S
- Iceshare
- Fiocchetti
- TEMPSTABLE
- Arctiko
Highlights of The Reagent 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:
- Low Temperature Refrigerator(2-8 Degrees)
- Ultra-low Temperature Refrigerator(Below 0 Degrees)
- Other
- By Application:
- Blood bank
- Pharmacy
- 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 Reagent 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.
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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?
Reagent refrigerators are used to store reagents and other chemicals that are needed for chemical reactions.
Some of the key players operating in the reagent refrigerators market are Haier, Sanyo (Panasonic), Dometic, Zhongke Meiling, Thermo Fisher Scientific, Aucma, Helmer, Follett, American Biotech Supply, Labcold, LEC,Inc, Philipp Kirsch GmbH, Migali Scientific, Yifulian, Aoxue, Gram Commercial A/S, Iceshare, Fiocchetti, TEMPSTABLE, Arctiko.
The reagent refrigerators 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 Reagent 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 Reagent Refrigerators Market Dynamics 4.2.1 Market Drivers 4.2.2 Market Restraints 4.2.3 Market Opportunity 4.3 Reagent 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 Reagent 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 Reagent Refrigerators Market Size & Forecast, 2020-2028 4.5.1 Reagent Refrigerators Market Size and Y-o-Y Growth 4.5.2 Reagent 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 Low Temperature Refrigerator(2-8 Degrees)
5.2.2 Ultra-low Temperature Refrigerator(Below 0 Degrees)
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 Blood bank
6.2.2 Pharmacy
6.2.3 Laboratory
6.2.4 Other
6.3 Market Attractiveness Analysis by Applications
Chapter 7 Global Reagent 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 Reagent 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 Low Temperature Refrigerator(2-8 Degrees)
9.6.2 Ultra-low Temperature Refrigerator(Below 0 Degrees)
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 Blood bank
9.10.2 Pharmacy
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 Low Temperature Refrigerator(2-8 Degrees)
10.6.2 Ultra-low Temperature Refrigerator(Below 0 Degrees)
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 Blood bank
10.10.2 Pharmacy
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 Low Temperature Refrigerator(2-8 Degrees)
11.6.2 Ultra-low Temperature Refrigerator(Below 0 Degrees)
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 Blood bank
11.10.2 Pharmacy
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 Low Temperature Refrigerator(2-8 Degrees)
12.6.2 Ultra-low Temperature Refrigerator(Below 0 Degrees)
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 Blood bank
12.10.2 Pharmacy
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 Low Temperature Refrigerator(2-8 Degrees)
13.6.2 Ultra-low Temperature Refrigerator(Below 0 Degrees)
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 Blood bank
13.10.2 Pharmacy
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 Reagent Refrigerators Market: Competitive Dashboard
14.2 Global Reagent Refrigerators Market: Market Share Analysis, 2019
14.3 Company Profiles (Details – Overview, Financials, Developments, Strategy)
14.3.1 Haier
14.3.2 Sanyo (Panasonic)
14.3.3 Dometic
14.3.4 Zhongke Meiling
14.3.5 Thermo Fisher Scientific
14.3.6 Aucma
14.3.7 Helmer
14.3.8 Follett
14.3.9 American Biotech Supply
14.3.10 Labcold
14.3.11 LEC,Inc
14.3.12 Philipp Kirsch GmbH
14.3.13 Migali Scientific
14.3.14 Yifulian
14.3.15 Aoxue
14.3.16 Gram Commercial A/S
14.3.17 Iceshare
14.3.18 Fiocchetti
14.3.19 TEMPSTABLE
14.3.20 Arctiko