Press release
Medical and Lab Refrigerator Market is expected to reach US$ 3,096.6 Mn by 2027 | ZhongkeMeiling Cryogenics Company Limited, Felix Storch, Follett, Helmer Scientific, Haier Biomedical, Lec Medical, Philipp Kirsch GmbH, Thermo Fisher Scientific, Vestfrost
Medical and Lab Refrigerator Market
Get a Sample Copy of the Report@ https://www.theinsightpartners.com/sample/TIPRE00009100/?openpr-10225
Increasing R&D investments in medical science by government organizations are anticipated to provide growth opportunities for medical and lab refrigerator providers.
The growing investment in medical and health R&D in the US increased by US$ 38.8 billion (i.e., 27%) from 2013 to 2017. The medical device industry continues to invest more than any other sector, representing 67% of total spending in 2017, followed by 22% by the federal government. From 2013 to 2017, federal investment increased by $6.1 billion or 18.4 percent, but growth across federal health agencies has been uneven. Medical and health R&D spending is expected to move upward in 2018 but will continue to fall short on the health and economic impact of primary health threats. In 2017, for example, the direct medical cost of just six chronic conditions – heart disease and stroke, cancer, diabetes, dental conditions, arthritis, and Alzheimer's disease – topped$1.1 trillion. Thus, the increasing R&D investment by government organizations in medical science is anticipated to provide growth opportunities for the medical and lab refrigerator market.
The medical and lab refrigerator market is segmented into product type, end user, and geography. Europe held the largest share of the medical and lab refrigerator market, followed by Asia Pacific and North America, in 2019. The market, based on product type, is segmented into blood bank refrigerators, laboratory refrigerators, pharmacy refrigerators, enzyme refrigerators, and others. The blood bank refrigerators segment is expected to hold the largest share of the medical and lab refrigerator market during the forecast period. Further, based on end user, the medical and lab refrigerator market is segmented in blood banks, pharmaceutical companies, hospitals & pharmacies, research institutes, and others. The pharmaceuticals companies segment held the largest share of the market in 2019.
The major companies offering products in medical and lab refrigerator market worldwide include ZhongkeMeiling Cryogenics Company Limited, Felix Storch, Inc., Follett LLC, Helmer Scientific Inc., Haier Biomedical, Lec Medical, Philipp Kirsch GmbH, Thermo Fisher Scientific Inc., Vestfrost Solutions, and Blue Star Limited.
Market Insights : Medical and Lab Refrigerator
Increasing Number of Accidents, Surgery Interventions, and Others Result in the Growth of Medical and Lab Refrigerator Market
The increasing number of accidents, surgical interventions such as cancer, organ and bone marrow transplants, cardiovascular surgery, general surgery, nephrology, and dialysis lead to increased demand for blood components, thus driving the growth for medical and laboratory refrigerator market. For example, according to the American Cancer Society (ACS), in 2017, ~1.7 million people were diagnosed with cancer. Among these, some of the patients needed blood transfusion daily during their treatment along with chemotherapy. Lack of timely access to secure blood transfusion leads to increased demand for blood banks for efficient, safe, and real-time blood unit availability. Therefore, different organizations are getting involved in activities to launch innovative product solutions in the market. For example, in March 2018, India-based Strides Software Solutions, which enables the availability of safe and high-quality blood components, developed India's first centralized donor authentication and identification application based on Aadhaar, the D-Health app.
The report segments the global medical and lab refrigerator market as follows:
By Product Type
Blood Bank Refrigerators
Laboratory Refrigerators
Pharmacy Refrigerators
Enzyme Refrigerators
Others
By End User
Blood Banks
Pharmaceutical Companies
Hospitals & Pharmacies
Research Institutes
Others
By Geography
North America
US
Canada
Mexico
Europe
France
Germany
Italy
UK
Russia
Rest of Europe
Asia Pacific
China
India
Australia
South Korea
Japan
Rest of Asia Pacific
Middle East and Africa
South Africa
Saudi Arabia
UAE
Rest of Middle East and Africa
South America
Brazil
Argentina
Rest of South America
Purchase a Copy of this Report @ https://www.theinsightpartners.com/buy/TIPRE00009100/?openpr-10225
Contact Us
Contact Person: Sameer Joshi
Phone: +1-646-491-9876
Email Id: sales@theinsightpartners.com
About Us:
The Insight Partners is a one stop industry research provider of actionable intelligence. We help our clients in getting solutions to their research requirements through our syndicated and consulting research services. We are a specialist in Technology, Healthcare, Manufacturing, Automotive and Defense.
This release was published on openPR.
Permanent link to this press release:
Copy
Please set a link in the press area of your homepage to this press release on openPR. openPR disclaims liability for any content contained in this release.
You can edit or delete your press release Medical and Lab Refrigerator Market is expected to reach US$ 3,096.6 Mn by 2027 | ZhongkeMeiling Cryogenics Company Limited, Felix Storch, Follett, Helmer Scientific, Haier Biomedical, Lec Medical, Philipp Kirsch GmbH, Thermo Fisher Scientific, Vestfrost here
News-ID: 2336945 • Views: …
More Releases from The Insight Partners
Current Transformer Market is expected to grow a CAGR of 6.1% from 2025 to 2031
The Global Current Transformer Market 2031 that centers around Current Transformer Market examines the significant components with a top to bottom methodology and empowers the client to survey the drawn-out based interest additionally predicts explicit executions. This report gives subjective investigation, clarifying item scope and expounding Market experiences and standpoint.
To Get Sample Copy of Report, Click Here - https://www.theinsightpartners.com/sample/TIPRE00027549/?utm_source=OpenPR&utm_medium=10607
(Our SAMPLE COPY of the report offers a quick…
Healthy Eating Revolution Boosts Packaged Salad Dressings Market Growth Through …
New York, US - October 06, 2025 -The Packaged Salad Dressings market is entering a period of dynamic innovation and expansion, with consumers seeking healthier, flavorful, and convenient dressing options. The market is expected to register steady growth from 2025 to 2031, fueled by evolving consumer preferences and distribution innovations.
As more people globally adopt salads and healthy eating habits, demand for packaged dressings such as vinaigrette, ranch, balsamic, honey mustard,…
High Flow Oxygen Therapy Devices Market Size, Growth Status and Better Investmen …
The Insight Partners analysts forecasts the latest report on "Global High Flow Oxygen Therapy Devices Market (Covid-19) Impact and Analysis by 2031", according to report; The High Flow Oxygen Therapy Devices Market report covers the overall and all-inclusive analysis of Market with all its factors that have an impact on market growth. This report is anchored on the thorough qualitative and quantitative assessment of the High Flow Oxygen Therapy Devices…
Motor Protection Market Set for Robust Growth by 2031
The Insight Partners has published its latest research titled"Motor Protection Market Share, Size, Trends, and Forecast by 2031." The report projects consistent growth in the global motor protection market, fueled by increasing industrialization, advances in smart technologies, and tighter safety regulations. With growing infrastructure initiatives and the rise of intelligent systems, the market is poised for significant expansion in terms of size, market share, and innovation through 2031.
Check valuable insights…
More Releases for Refrigerator
Global Plug-in Commercial Refrigerator Market Size by Application, Type, and Geo …
According to Market Research Intellect, the global Plug-in Commercial Refrigerator market under the Aerospace and Defense category is expected to register notable growth from 2025 to 2032. Key drivers such as advancing technologies, changing consumer behavior, and evolving market dynamics are poised to shape the trajectory of this market throughout the forecast period.
The plug-in commercial refrigerator market is experiencing notable growth due to increasing demand from retail stores, supermarkets, restaurants,…
Solar Refrigerator Company Announces a New 17 cu ft Solar Refrigerator Available …
A luxurious new solar fridge has been added to the Solar Refrigerator Company catalog of solar freezers, portable RV refrigerators and solar panels, batteries and other equipment. This energy-efficient solar refrigerator offers ample storage in both compartments and is ideal for tiny homes, off-grid living, RVs, solar powered homes, farms and businesses.
Oro Valley, Arizona, USA - April 24, 2024 - Sustainability is imperative in this era. Innovators are constantly seeking…
New 17 cu ft Solar Refrigerator in Stainless Steel is Now Available at Solar Ref …
Solar Refrigerator Company launches a new solar fridge to add to its catalogue of solar freezers, portable RV refrigerators and solar power equipment. This energy-efficient solar refrigerator offers ample storage in both compartments and is ideal for tiny homes, off-grid living, RVs, solar powered homes, farms and businesses.
In an era where sustainability is paramount, innovators are constantly seeking ways to reduce carbon footprints and energy consumption. One such innovation gaining…
Smart Refrigerator Market Forecast to 2028
Smart refrigerators are the acquisition of high market demand due to smartphone connectivity options that let operations from distant locations. The smart refrigerators have energy control and sensors technology, supporting environmental conservation initiatives and serving limited usage of electricity in several countries. Additionally, technical advancements and regional expansion by established smart refrigerator manufacturers have created new opportunities for market development.
To Get PDF Sample Copy - https://www.theinsightpartners.com/sample/TIPRE00008876?utm_source=OpenPR&utm_medium=10653
These elevators come with…
Top Freezer Refrigerator Market Research Report
These units feature a large fresh food compartment below a smaller freezer compartment, providing the ideal amount of storage space for many homes.
The global Top Freezer Refrigerator market was valued at US$ million in 2022 and is anticipated to reach US$ million by 2029, witnessing a CAGR of % during the forecast period 2023-2029. The influence of COVID-19 and the Russia-Ukraine War were considered while estimating market sizes.
North American market…
Biopreservation Refrigerator Market 2022 | Detailed Report
According to Market Study Report, Biopreservation Refrigerator Market provides a comprehensive analysis of the Biopreservation Refrigerator Market segments, including their dynamics, size, growth, regulatory requirements, competitive landscape, and emerging opportunities of global industry. An exclusive data offered in this report is collected by research and industry experts team.
Download FREE Sample Report @ https://www.reportsnreports.com/contacts/requestsample.aspx?name=5495258
The report provides a comprehensive analysis of company profiles listed below:
- Thermo Fisher Scientific Inc.
- Merck KGaA
-…
