Press release
Medical Refrigerators for Vaccine Storage Market Report Analysis, Research Studies | Standex, Fiocchetti & Zhongke Duling.
The medical refrigerators for vaccine storage market is projected to grow at a CAGR of 9.8% from 2024 to 2031.Medical refrigerators are specifically designed to meet the precise temperature requirements essential for the safe storage of vaccines. They can maintain temperatures between 35°F and 46°F to securely store various vaccines, including those for rotavirus, influenza, and MMRV. These refrigerators utilize advanced microprocessor-based systems for accurate temperature control and employ digital sensors, such as resistance temperature detectors (RTDs), thermocouples, and thermistors, to monitor internal temperatures.
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Market Dynamics:
The rising number of chronic diseases across the globe
The increasing prevalence of chronic diseases such as diabetes, cardiovascular conditions, and neurological disorders is expected to drive the development of new vaccines and medications. This, in turn, will heighten the demand for medical refrigerators that provide precise temperature control to safely and effectively store vaccines and medications, ensuring they remain contamination-free for extended periods. According to the World Health Organization (WHO), chronic diseases are projected to account for three-quarters of all deaths worldwide by 2020, including 75% of deaths from stroke, 71% from ischemic heart disease, and 70% from diabetes in developing countries. Medical refrigerators are crucial for maintaining safe and stable temperatures for medicinal, pharmaceutical, and biomedical storage, with quick recovery times and consistent temperature regulation.
However, the high cost of medical refrigerators for vaccine storage may limit market growth. Additionally, the preference for refurbished devices over new models could further constrain the market's expansion in the near future.
Market Segmentation:
By Type: Blood bank refrigerators, Plasma freezers, Lab freezers, Lab refrigerators Ultra-low temperature freezers Shock freezers.
By Application: Blood bank, Pharmacies, Hospitals, Research Labs, Diagnostic centers.
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Major Key Players:
• Standex (ABS)
• Fiocchetti
• SO-LOW
• Zhongke Duling
• Aucma
• Labcold
• Tempstable
• Indrel
• Haier
• Panasonic
• Helmer
Regional Analysis:
The global Medical Refrigerators for Vaccine Storage Market report focuses on six major regions: North America, Latin America, Europe, Asia Pacific, the Middle East, and Africa. The report offers detailed insight into new product launches, new technology evolutions, innovative services, and ongoing R&D. The report discusses a qualitative and quantitative market analysis, including PEST analysis, SWOT analysis, and Porter's five force analysis. The Medical Refrigerators for Vaccine Storage Market report also provides fundamental details such as raw material sources, distribution networks, methodologies, production capacities, industry supply chain, and product specifications.
Related Reports:
Medical Refrigerators Market: https://datamintelligence.com/research-report/medical-refrigerators-market
Vaccine Refrigerators Market: https://datamintelligence.com/research-report/vaccine-refrigerators-market
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