Medical Refrigerators Market 2023: Some Basic Influencing Factors Making It's Booming Healthcare Industry | Thermo Fisher Scientific Inc., Blue Star Limited, Haier Biomedical, Aucma, Standex International Corporation

In a recently released analysis titled "Medical Refrigerators Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2023-2029," Exactitude Consultancy, a reputable market research firm, provided data. The report offers a thorough overview of the market, including data on market size, trends, and growth projections for the global Medical Refrigerators market. The study highlights the most recent developments in the industry and provides competitor and geographical analysis.

Fastest Growing Market ⇨ Asia Pacific

Largest Market ⇨ North America

► How big is the Medical Refrigerators Market?

"The global medical refrigerator market is projected to reach USD 5.15 Billion by 2029 from USD 3.10 Billion in 2020, at a CAGR of 5.8% from 2022 to 2029."

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**Note - Updated Version 2023 is available

► Medical Refrigerators Market Overview:

The Medical Refrigerators Market is experiencing growth due to the increasing use of medical refrigerators for maintaining the integrity of blood and plasm products. The rise in transfusion medication has increased awareness of GMP for modern frozen plasmas, which is also used for hypovolemic and hemorrhagic shock. The demand for blood products has increased due to the increasing incidence of medical disorders and traumatic and road accidents. The role of medical refrigeration in preserving vaccines has gained attention among manufacturers and customers. The market has seen a new avenue due to the global need to ensure an adequate supply of COVID-19 vaccines. New under-top and tabletop styles have been introduced to attract customers. Blood banks are also experiencing increased demand due to advancements in patient care and medical infrastructure in hospitals.

► Who are the major players in this industry?

Thermo Fisher Scientific Inc., Blue Star Limited, Haier Biomedical, Aucma, Standex International Corporation, Godrej & Boyce Manufacturing Co Ltd., Helmer Scientific Inc., Zhongke Meiling Cryogenics Company Limited, Fiochetti, PHC Holdings Corporation, Follett LLC, Labcold, Dulas Ltd., HMG India, and others.

► Recent Developments in Medical Refrigerators Market

Recent developments in Medical Refrigerators industry, even after market report release, support market trends outlined in analysis.

⇨ 25-6-2023 Strengthen Stirling Refrigeration Technology

In order to continue to enhance the Stirling refrigeration technology barriers, and to achieve independent control of core components, expand the business layout of the cryogenic field, Haier Biomedical released an announcement on the evening of June 7, the company intends to use its own funds of $6 million USD in the form of installment payments to participate in the Shanghai ChaoLian Technology company to increase capital. Shanghai ChaoLian Technology Co., Ltd. is a leading global provider of Stirling refrigeration solutions. After the completion of the capital increase, Haier Biomedical shareholding ratio increased from 15% to 54.31%.

The acquisition will further enhance Haier Biomedical's leading position in cryogenic technology platform, solve the key problems of the core components of Stirling ultra-low temperature freezer technology, which will be further extended to new scenarios of cryogenic processing, infrared detection, hazardous chemical detection and cryogenic cold therapy in the future, providing new power for the company's long-term sustainable development in the field of cryogenics.

Stirling refrigeration technology has strong advantages in terms of safety, energy saving and stability. It uses helium as the refrigeration medium and the lowest temperature can reach below -196℃, while the refrigeration efficiency is higher, saving 50% energy and increasing 100% reliability compared to compressor refrigeration. In the context of carbon neutrality becoming an industry-wide development goal, the industrial application of Stirling refrigeration technology is an inevitable choice for the development of the refrigeration industry. In addition, the application field of the Stirling refrigeration machine is also expanding, in addition to the traditional medical, pharmaceutical, and other industries, the Stirling refrigeration machine will be a key solution for industries such as renewable energy, aerospace, military and other fields of application is also expanding, which will bring more opportunities and potential for the Stirling refrigeration machine market.

⇨ January 2022: B Medical Systems announced that it is opening a new manufacturing facility in India. The company's huge investment and production capacity for medical cold chain products such as freezers and vaccine refrigerators scaled up the demand in the market.

► What exactly does market segmentation cover?

Medical Refrigerator Market by Type, (USD Billion) (Units)

» Blood Bank Refrigerator & Plasma Freezer

» Laboratory Refrigerator & Freezer

» Pharmacy Refrigerator & Freezer

» Chromatography Refrigerator & Freezer

» Enzyme Refrigerator & Freezer

» Ultra-Low-Temperature Freezers

» Cryogenic Storage Systems

Medical Refrigerator Market by End-User, (USD Billion) (Units)

» Blood Banks

» Pharmaceutical Companies

» Hospital & Pharmacies

» Research Institutes

» Medical Laboratories

» Diagnostic Centre

►Regional Analysis of the Medical Refrigerators Market

The market development, current market trends, and some research methodologies are all covered in the Medical Refrigerators Industry research report. It draws attention to crucial aspects like product portfolios, software architectures, and production strategies that have a direct impact on the market. Our research shows that even minor changes to a product's qualities can have a big impact on the previously mentioned criteria.

►Key Geographical Regions

⇨ North America (US, Canada)
⇨ Europe (Germany, UK, France, Italy, Spain)
⇨ Asia-Pacific (China, Australia, Japan)
⇨ Middle East and North Africa
⇨ Latin America         
      
►Table of Content:

1 Study Reporting
1.1 Medical Refrigerators Product
1.2 Key Segments in This Study
1.3 Key Companies Covered
1.4 Market by Type
1.4.1 Global Medical Refrigerators Market Size Growth Rate by Type
1.5 Market by Application

2 Executive Instantaneous
2.1 Global Medical Refrigerators Market Size
2.1.1 Global Medical Refrigerators Revenue
2.1.2 Global Medical Refrigerators Production
2.2 Medical Refrigerators Growth Rate (CAGR)
2.3 Analysis of Competitive Landscape
2.3.1 Manufacturers Market Concentration Ratio
2.3.2 Key Medical Refrigerators Manufacturers
2.3.2.1 Medical Refrigerators Manufacturing Base Distribution, Headquarters
2.3.2.2 Manufacturers Medical Refrigerators Product Offered
2.3.2.3 Date of Manufacturers Enter into Medical Refrigerators Market
2.4 Key Trends for Medical Refrigerators Markets & Products

3 Market Size by Manufacturers
3.1 Medical Refrigerators Production by Manufacturers
3.2 Mergers & Acquisitions, Expansion Plans

4 Medical Refrigerators Production by Regions

4.1 Global Medical Refrigerators Production by Regions
4.1.1 Global Medical Refrigerators Production Market Share by Regions
4.1.2 Global Medical Refrigerators Revenue Market Share by Regions
4.2 United States
4.2.1 United States Medical Refrigerators Production
4.2.2 United States Medical Refrigerators Revenue
4.2.3 Key Players in United States
4.2.4 United States Medical Refrigerators Import & Export
4.3 Europe
4.3.1 Europe Medical Refrigerators Production
4.3.2 Europe Medical Refrigerators Revenue

5 Medical Refrigerators Consumption by Regions

5.1 Global Medical Refrigerators Consumption by Regions
5.1.1 Consumption by Regions
5.1.2 Consumption Market Share by Regions
5.2 North America
5.2.1 North America Consumption by Application
5.2.2 North America Consumption by Countries
5.2.3 United States
5.2.4 Canada
5.2.5 Mexico
5.3 Europe
5.3.1 Europe Consumption by Application
5.3.2 Europe Consumption by Countries
5.3.3 Germany
5.3.4 France
5.3.5 UK
5.3.6 Italy
5.3.7 Russia
5.4 Asia Pacific
5.4.1 Asia Pacific Consumption by Application
5.4.2 Asia Pacific Consumption by Countries
5.5.1 Central & South America) Consumption by Application
5.5.2 Central & South America Consumption by Country

6 Market Size by Type
6.1 Production by Type
6.2 Revenue by Type
6.3 Price by Type

7 Market Size by Application
7.1 Overview
7.2 Global Medical Refrigerators Breakdown Dada by Application
7.2.1 Global Medical Refrigerators Consumption by Application
7.2.2 Global Medical Refrigerators Consumption Market Share by Application

8 Manufacturers Profiles
9 Production Forecasts
9.1 Medical Refrigerators Production and Revenue Forecast
9.1.1 Global Medical Refrigerators Production Forecast
9.1.2 Global Medical Refrigerators Revenue Forecast
9.2 Medical Refrigerators Production and Revenue Forecast by Regions
9.2.1 Global Medical Refrigerators Revenue Forecast by Regions
9.2.2 Global Medical Refrigerators Production Forecast by Regions
9.3 Medical Refrigerators Key Producers Forecast
9.3.1 United States
9.3.2 Europe
9.3.3 China
9.3.4 Japan
9.4 Forecast by Type
9.4.1 Global Medical Refrigerators Production Forecast by Type
9.4.2 Global Medical Refrigerators Revenue Forecast by Type

10 Consumption Forecast
10.1 Medical Refrigerators Consumption Forecast by Application
10.2 Medical Refrigerators Consumption Forecast by Regions
10.3 North America Market Consumption Forecast
10.3.1 North America Medical Refrigerators Consumption Forecast by Regions
10.3.2 United States
10.3.3 Canada
10.3.4 Mexico
10.4 Europe Market Consumption Forecast
10.4.1 Europe Medical Refrigerators Consumption Forecast by Regions
10.4.2 Germany
10.4.3 France
10.4.4 UK
10.4.5 Italy
10.4.6 Russia
10.5 Asia Pacific Market Consumption Forecast
10.5.1 Asia Pacific Medical Refrigerators Consumption Forecast by Regions
10.5.2 China
10.5.3 Japan
10.5.4 South Korea
10.5.5 India
10.5.6 Australia
10.5.7 Indonesia
10.5.8 Thailand
10.5.9 Malaysia
10.5.10 Philippines
10.5.11 Vietnam
10.6 Central & South America Market Consumption Forecast
10.6.1 Central & South America Medical Refrigerators Consumption Forecast by Regions
10.6.2 Brazil
10.7 Middle East and Africa Market Consumption Forecast
10.7.1 Middle East and Africa Medical Refrigerators Consumption Forecast by Regions
10.7.2 GCC Countries
10.7.3 Egypt
10.7.4 South Africa

11 Value Chain and Sales Channels Analysis
11.1 Value Chain Analysis
11.2 Sales Channels Analysis
11.2.1 Medical Refrigerators Sales Channels
11.2.2 Medical Refrigerators Distributors
11.3 Medical Refrigerators Customers

12 Market Opportunities & Challenges, Risks and Influences Factors Analysis
12.1 Market Opportunities and Drivers
12.2 Market Challenges
12.3 Market Risks/Restraints
12.4 Key World Economic Indicators

13 Key Findings in the Global Medical Refrigerators Study

14 Appendix
14.1 Research Methodology
14.1.1 Methodology/Research Approach
14.1.1.1 Research Programs/Design
14.1.1.2 Market Size Estimation
14.1.1.3 Market Breakdown and Data Triangulation
14.1.2 Data Source
14.1.2.1 Secondary Sources
14.1.2.2 Primary Sources
14.2 Author Details
14.3 Disclaimer

Continue….

►Research Methodology

The report is based on data analysis strategies by skilled data analysts. The research methodology involves collecting and analyzing information to provide significant market predictions. Interviews with market influencers make primary research relevant and practical. The secondary method provides a direct insight into demand and supply. Both primary and secondary data collection methods are used, along with publicly available sources like annual reports and white papers, to provide a comprehensive understanding of the market. The report offers precise data analysis and a comprehensive market tour.

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