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Medical Refrigerators Global Market is Expected to Grow to $5.8 Billion in at a CAGR of 7.0% By 2027 | Key Players: LEC Medical, Panasonic, Froilabo SAS, LabRepCo LLC, Aucma
Medical Refrigerators Market
The Business Research Company's Medical Refrigerators Global Market Report 2023 identifies the rising demand for storing biological products, blood samples, blood reagents, vaccines, DNA samples, and other chemicals is propelling the growth of the medical refrigerator market. The increased demand for biologic products is driven by an increase in the demand for donated blood, an increase in the number of blood donors worldwide, and an increase in the prevalence of infectious illnesses.
The global medical refrigerators market size grew from $4.14 billion in 2022 to $4.43 billion in 2023 at a compound annual growth rate (CAGR) of 6.9%. The Russia-Ukraine war disrupted the chances of global economic recovery from the COVID-19 pandemic, at least in the short term. The war between these two countries has led to economic sanctions on multiple countries, a surge in commodity prices, and supply chain disruptions, causing inflation across goods and services and affecting many markets across the globe. The market size of the global medical refrigerators is expected to grow to $5.8 billion in 2027 at a CAGR of 7.0%.
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Major players in the Medical Refrigerators market are Thermo Fisher Scientific Inc., Blue Star Limited, Haier Biomedical, Helmer Scientific Inc., Vestfrost Solutions, Zhongke Meiling Cyrogenics Company Limited, Philips Kirsch GmbH, LEC Medical, Panasonic, Froilabo SAS, LabRepCo LLC, Aucma, Standex International Corporation, Godrej Group, Fiochetti, PHC Holdings Corporation, Follett LLC, Labcold, Dulas Ltd., HMG India, Felix Storch Inc., SO-LOW, Indrel, Eppendorf AG, and Migali Scientific.
Technological advancements are shaping the medical refrigerator market. Many companies are developing new technologies for medical refrigerators for storing medicines and blood to help the medical industry enhance their storing ability and use products in long run.
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The Medical Refrigerators market is segmented -
1) By Product Type: Blood Bank Refrigerator And Plasma Freezer, Laboratory Refrigerator And Freezer, Pharmacy Refrigerator And Freezer, Chromatography Refrigerator And Freezer, Enzyme Refrigerator And Freezer, Ultra-Low-Temperature freezers, Cryogenic Storage Systems
2) By Design Type: Explosive-Proof Refirgerators, Undercounter Medical Refrigerators, Countertop Medical Refrigerators, Flammable Material Storage Refrigerators
3) By Temperature Control Range: Between 2 °C and 8 °C, Between 0 °C and -40 °C, and Under -40 °C
4) By Volume: Below 50 Litres, 50-200 Litres, 200-400 Litres, 400-600 Litres, More Than 600 Litres
5) By End-User: Blood Banks, Pharmaceutical Companies, Hospital and Pharmacies, Research Institutes, Medical And Diagnostic Centres
By Geography: Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa. North America was the largest region in the Medical Refrigerators market.
The Business Research Company's "Global Medical Refrigerators Market Report 2023" provides a thorough understanding of the market across 60 geographies. The report covers market size, growth rate, segments, drivers and trends in every region and country. In addition, the report offers insights on historical and forecast growth, helping players analyze and strategize better.
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The Table Of Content For The Medical Refrigerators Market Include:
1. Executive Summary
2. Medical Refrigerators Market Characteristics
3. Medical Refrigerators Market Trends And Strategies
4. Medical Refrigerators Market - Macro Economic Scenario
5. Medical Refrigerators Market Size And Growth
……
27. Medical Refrigerators Market Competitive Landscape And Company Profiles
28. Key Mergers And Acquisitions In The Medical Refrigerators Market
29. Medical Refrigerators Market Future Outlook and Potential Analysis
30. Appendix
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