openPR Logo
Press release

Medical Refrigerators Market Size to Hit US$ 5,050.93 Mn by 2028

11-24-2022 09:23 AM CET | Health & Medicine

Press release from: The Insight Partners

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 that require tight temperature control. These are more reliable products for the storage of medicinal products as they emit less heat and less sound into the room. Rising occurrence of hematological disorders and an increment in the number of accidents have increased the requirement for plasma for employment in plasma fractionation operations. In return, this requirement has led to an increase in requirements for plasma freezers and refrigerators at the blood bank. These features are boosting demand for blood bank development worldwide. Thus, driving demand for refrigerators for medical and laboratory use.

Download PDF Brochure: https://www.theinsightpartners.com/sample/TIPRE00006857/?utm_source=OpenPR&utm_medium=10357

Market leaders operating in the market have undertaken various organic growth strategies in the medical refrigerators market. The medical refrigerators market majorly consists of the players 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, Lec Medical. The companies have been implementing various strategies that have helped the growth of the company and in turn have brought about various changes in the market. The companies have utilized organic strategies such as launches, expansion, and product approvals. Moreover, the companies have utilized inorganic strategies including mergers & acquisitions, partnership, and collaborations.

The healthcare sector has witnessed SARS, H1N1, and other outbreaks in the past a few years. However, the severity of COVID-19 outbreak has intensified due to its mode of transmission. The demand for medical refrigerators has increased globally owing to launch of COVID-19 vaccines and roll out of the vaccination programs in many countries. To cater to high demand many players have ramped up their production. For instance, in December 2020, Godrej Appliances ramped up its medical refrigerator production capacity for the COVID-19 vaccine cold chain in India. The company has a range of vaccine refrigerators that operate in the precise temperature band of 2-8°C, and it also offers advanced medical freezers with cooling capacity up to -20°C.

Based on design type, the medical refrigerators market is segmented into explosion-proof refrigerators, undercounter medical refrigerators, countertop medical refrigerators, and flammable material storage refrigerators. The countertop medical refrigerators segment held the largest share of the market in 2020. However, the undercounter medical refrigerators segment is estimated to register the highest CAGR in the market during the forecast period. The growth of the market for the countertop medical refrigerators segment is attributed to its compact size and ability to fit in smaller spaces, such as small reperch labs, clinics, and remote healthcare facilities.

Purchase a Copy of this Report: https://www.theinsightpartners.com/buy/TIPRE00006857/?utm_source=OpenPR&utm_medium=10357

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 Life Science, Technology, Healthcare, Manufacturing, Automotive and Defense, Food Beverages, chemicals 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 Market Size to Hit US$ 5,050.93 Mn by 2028 here

News-ID: 2819691 • Views:

More Releases from The Insight Partners

Smart Grid Top Companies Regional and Data Analysis to 2031
Smart Grid Top Companies Regional and Data Analysis to 2031
The Smart Grid Market is growing rapidly, driven by increasing end-user demand due to factors such as evolving consumer preferences, technological advancements, and greater awareness of the product's benefits. 👉 Download the Report Here: https://www.theinsightpartners.com/sample/TIPTE100000319/?utm_source=OpenPR&utm_medium=10129 Major Companies operating in the Smart Grid Market are: • ABB Ltd. • Alcatel-Lucent S.A. • Eaton Corporation PLC • General Electric Company • Itron, Inc. • Landis+Gyr AG • Schneider Electric SE • Sensus, Inc. • Schweitzer Engineering Laboratories Inc. Contact Us: If you have any queries about this report or if you would like
RF Front End Module Market Emerging Technological Growth, Future Growth and Business Opportunities 2031
RF Front End Module Market Emerging Technological Growth, Future Growth and Busi …
The RF front end module market size is projected to reach US$ 7.58 billion by 2031 from US$ 3.89 billion in 2024. The market is expected to register a CAGR of 10.3% during 2025-2031. The "RF Front End Module Market" forecast 2031 report analyses the present and future competitive scenario of the analytics industry. RF Front End Module Market report offers an in-depth analysis on segments including top companies, products,
Collagen Supplements Market Demand Analysis and Projected huge Growth by 2031
Collagen Supplements Market Demand Analysis and Projected huge Growth by 2031
The "Collagen Supplements Market" forecast 2031 report analyses the present and future competitive scenario of the analytics industry. Collagen Supplements Market report offers an in-depth analysis on segments including top companies, products, applications, revenue and regions. a number of topics including likewise market share, drivers, trends and methods. This report additionally offers insights into the latest growth and trends. It encapsulates key aspects of the market, with focus on leading
Refrigeration Coolers Market Research Report Explores the Trade Trends for the Forecast 2031
Refrigeration Coolers Market Research Report Explores the Trade Trends for the F …
The Refrigeration Coolers Market is expected to register a CAGR of 6.4% from 2025 to 2031, with a market size expanding from US$ 4.50 billion in 2024 to US$ 7.48 billion by 2031. The "Refrigeration Coolers Market" forecast 2031 report analyses the present and future competitive scenario of the analytics industry. Refrigeration Coolers Market report offers an in-depth analysis on segments including top companies, products, applications, revenue and regions. a number

All 5 Releases


More Releases for Medical

ECG Analysis System Market Research Report 2022 - GE Medical, Medical Econet, Gr …
A recent market research report added to repository of MR Accuracy Reports is an in-depth analysis of global ECG Analysis System. On the basis of historic growth analysis and current scenario of ECG Analysis System place, the report intends to offer actionable insights on global market growth projections. Authenticated data presented in report is based on findings of extensive primary and secondary research. Insights drawn from data serve as excellent
ECG Analysis System Market Outlook: 2020 The Year On A Positive Note | GE Medica …
DataIntelo report titled Global ECG Analysis System Market provides detailed information and overview about the key influential factors required to make well informed business decision. This is a latest report, covering the current COVID-19 impact on the market. The pandemic of Coronavirus (COVID-19) has affected every aspect of life globally. This has brought along several changes in market conditions. The rapidly changing market scenario and initial and future assessment of
Medical Tracheostomy Tube Market Overall Study Report 2020-2027 | Players Medtro …
The latest report added by Stratagem Market Insights gives deep insights into the drivers and restraints in the Worldwide Medical Tracheostomy Tube Market. The research report "Global Medical Tracheostomy Tube Market Size and Growth Forecast to 2027" provide a comprehensive take on the overall market. Analysts have carefully evaluated the milestones achieved by the global Medical Tracheostomy Tube market and the current trends that are likely to shape its future.
Global Embolization Particle Market 2019 - Sirtex Medical, Merit Medical, Cook M …
The global "Embolization Particle Market" report delivers a comprehensive and systematic framework of the Embolization Particle market at a global level that includes all the key aspects related to it. The data is collected from different sources allied to the global Embolization Particle market and the research team meticulously analyze the gathered data with the help of various analytical tools and present their opinion based on analysis and calculations. The
Medical Casting & Splinting Market 2019: Top Key players are 3M, DJO Global, BSN …
Medical Casting & Splinting Market 2019 Report analyses the industry status, size, share, trends, growth opportunity, competition landscape and forecast to 2025. This report also provides data on patterns, improvements, target business sectors, limits and advancements. Furthermore, this research report categorizes the market by companies, region, type and end-use industry. Get Sample Copy of this Report@ https://www.researchreportsworld.com/enquiry/request-sample/13718924 Global Medical Casting & Splinting market 2019 research provides a basic overview of
Global Oxygen Pressure Regulator Market 2017 : Precision Medical, Smiths Medical …
Oxygen Pressure Regulator A market study based on the " Oxygen Pressure Regulator Market " across the globe, recently added to the repository of Market Research, is titled ‘Global Oxygen Pressure Regulator Market 2017’. The research report analyses the historical as well as present performance of the worldwide Oxygen Pressure Regulator industry, and makes predictions on the future status of Oxygen Pressure Regulator market on the basis of this analysis. Get Free