openPR Logo
Press release

Medical Refrigerators Industry: Increasing Demand for Blood and Blood Components Fuels Industry Growth

10-14-2021 11:30 AM CET | Advertising, Media Consulting, Marketing Research

Press release from: The Insight Partners

Medical Refrigerators Industry, by Product Type ? 2020 and 2028

Medical Refrigerators Industry, by Product Type ? 2020 and 2028

The major factors driving to the growth of the Industry are increasing demand for blood and blood components, technological advancements in medical refrigerators, and growing R&D activities to introduce new drug compounds. However, use of refurbished equipment and high costs associated with ultralow-temperature freezers restrain the Medical Refrigerators Industry growth. Medical refrigerators are designed to meet the temperature requirements for safe and effective drug storage. They are used to store vaccines, pharmaceuticals, chemotherapeutics, blood, plasma, and other samples that require tight temperature control.

The medical refrigerators Industry is projected to reach US$ 5,050.93 million by 2028 from US$ 3,397.48 million in 2021; it is expected to grow at a CAGR of 5.8% from 2021 to 2028.

Request for sample PDF Copy along with TOC @ https://www.theinsightpartners.com/sample/TIPRE00006857/?utm_source=OpenPR&utm_medium=10144

THERMO FISHER SCIENTIFIC INC., Philipp Kirsch GmbH, Godrej & Boyce Manufacturing Company Limited, Haier Group Corporation, Blue Star Limited, Helmer Scientific Inc., Vestfrost Solutions, PHC Holdings Corporation, FOLLETT LLC, and Lec Medical are among the leading companies operating in the Industry.

Based on product type, the medical refrigerators Industry is segmented into laboratory refrigerators and freezers, chromatography refrigerators and freezers, ultralow-temperature freezers, blood bank refrigerators and plasma freezers, cryogenic storage systems, pharmacy refrigerators and freezers, enzyme refrigerators and freezers, hospital refrigerators and freezers, shock freezers, and others. The blood bank refrigerators and plasma freezers segment held the largest share of the Industry in 2020. The increasing prevalence of different diseases and rise in number of road accidents, underlining the need to maintain adequate stock in blood banks and organizing blood donation camps, is boosting the Industry growth of the segment. Further, the same segment is expected to register the highest CAGR during 2021–2028.

Europe witnesses an exponential growth in the number of COVID-19 confirmed cases, especially in 2020. Spain, Germany, France, Italy, and the UK are the most affected countries in the region. As part of its short-term impact, the COVID-19 pandemic has underlined the need to revise regulatory process and bring changes in the research and development processes. Moreover, the launch of vaccination programs in different countries is expected to propel the demand for medical refrigerators. For instance, in March 2021, CoolMed had to move a warehouse to accommodate accelerated growth in demand for medical refrigerators.

Blood and blood components perform many vital functions in the body. Consequently, severe blood loss could result in life-threatening conditions such as hypovolemic/hemorrhagic shock, which require immediate blood transfusion to prevent organ failure and death. Blood transfusion is one of the important steps in many surgical procedures, as well as in chemotherapy, stem cell therapy, and organ transplantation procedures; it is also employed in the treatment of acute and chronic diseases caused by deficiencies or defects in plasma proteins or cellular blood components, to avoid complications such as life-threatening hemorrhage or to improve the quality of life.

According to the American National Red Cross 2018 data findings, ~7,000 units of platelets and 10,000 units of plasma are required daily in the US, and ~21 million blood components are transfused each year in the US. The increasing demand for safe blood and blood components for transfusion has encouraged the manufacturing or development of various types of blood bank freezers; it has also triggered the adoption of ULT freezers for secure storage due to the strict guidelines imposed by the WHO for the storage of blood samples, which is contributing to the medical refrigerators Industry growth.

Medical Refrigerators Industry – by Product Type

Laboratory Refrigerators and Freezers
Chromatography Refrigerators and Freezers
Ultra-Low-Temperature Freezers
Blood Bank Refrigerators and Plasma Freezers
Cryogenic Storage Systems
Pharmacy Refrigerators and Freezers
Enzyme Refrigerators and Freezers
Hospital Refrigerators and Freezers
Shock Freezers
Other
Medical Refrigerators Industry – by Design Type

Explosion-Proof Refrigerators
Undercounter Medical Refrigerators
Countertop Medical Refrigerators
Flammable Material Storage Refrigerators
Medical Refrigerators Industry – by Door Type

Single Door
Double Door

Medical Refrigerators Industry – by Temperature Control Range
Between 2 and 8
Between 0 and -40
Under -40
Medical Refrigerators Industry – by End User
Hospitals and Pharmacies
Medical Laboratories
Blood Banks
Pharmaceutical Companies
Research Institutes
Diagnostic Centers

Place a Purchase Order to Buy a Complete Copy of this Report @ https://www.theinsightpartners.com/buy/TIPRE00006857/?utm_source=OpenPR&utm_medium=10144

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, Food & beverage, Chemical and Materials, Semiconductors etc.

Contact Us:
Call: +1-646-491-9876
Email: sales@theinsightpartners.com

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 Refrigerators Industry: Increasing Demand for Blood and Blood Components Fuels Industry Growth here

News-ID: 2428705 • Views:

More Releases from The Insight Partners

Current Transformer Market is expected to grow a CAGR of 6.1% from 2025 to 2031
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 2031
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 Investment Opportunities by 2031
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
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

All 5 Releases


More Releases for Refrigerators

Global Vaccine Refrigerators Market Size by Application, Type, and Geography: Fo …
USA, New Jersey- According to Market Research Intellect, the global Vaccine Refrigerators market in the Internet, Communication and Technology category is projected to witness significant growth from 2025 to 2032. Market dynamics, technological advancements, and evolving consumer demand are expected to drive expansion during this period. The vaccine refrigerators market is expanding significantly as global immunization efforts intensify and healthcare infrastructure improves. The need to maintain precise temperature control during vaccine
Biomedical Refrigerators Market – Increasing importance on energy-efficient re …
CMI Research has released the most recent version of its survey report on the Biomedical Refrigerators Market, which includes more than 100+ market data tables, a pie chart, graphs, and figures spread across pages. The market is currently growing in size. The research study includes a future trend, current growth factors, attentive opinions, facts, and industry-confirmed market data, as well as a comprehensive market assessment. The research study includes estimates
Blood Bank Refrigerators and Plasma Freezers Segment to Lead the Medical Refrige …
Medical refrigerators are designed to meet the temperature requirements for safe and effective drug storage. They are used to store vaccines, pharmaceuticals, chemotherapeutics, blood, plasma, and other samples that require tight temperature control. The rising occurrence of hematological disorders and an increment in the number of accidents propel the requirement of blood and blood components, such as plasma, which eventually triggers the need for freezers and refrigerators for storing these products
Medical Refrigerators Market to 2027 - Global Analysis and Forecasts By Product …
Medical refrigerators are designed to meet the temperature requirements for safe drug storage. Medical refrigerators are used to store vaccines, pharmaceuticals, chemotherapeutics, blood, plasma, and other samples which require tight temperature control. These are more reliable products for storage of medicinal products as they emit less heat and less sound into the room. The Medical refrigerators market is anticipated to grow in the forecast, owing increasing demand for medical refrigerators for
Blood Bank Refrigerators Market Report 2018: Segmentation by Type (Common Indoor …
Global Blood Bank Refrigerators market research report provides company profile for Follett, Glen Dimplex, Kirsch, LABCOLD, Lorne Laboratories, REMI GROUP, Telstar Group, Helmer Scientific, Haier Bio-Medical, Panasonic Healthcare, Thermo Fisher, Dometic and Others. This market study includes data about consumer perspective, comprehensive analysis, statistics, market share, company performances (Stocks), historical analysis 2012 to 2017, market forecast 2018 to 2025 in terms of volume, revenue, YOY growth rate, and CAGR for
Glass Door Refrigerators Market - Key Manufacturers Of Glass Door Refrigerators …
With the expansion of leading retail supermarkets, the demand for glass door refrigerators has witnessed a new high. The proliferation of restaurants, cafes, pharmacies, and convenience stores are also adding significantly to the growing demand for these refrigerators. As per TMR’s estimations, the opportunity in glass door refrigerators is projected to expand at a CAGR of 8.60% between 2015 and 2023 and rise from a value of US$6.5 bn in