Growing Demand For Medical Refrigerators Fueled By Increased Need For Biological Products Driver: Leading Transformation in the Medical Refrigerators Market in 2025

What industry-specific factors are fueling the growth of the medical refrigerators market?
The burgeoning need for storage facilities for biological products, blood specimens, blood reagents, inoculations, DNA specimens, among other chemicals, is bolstering the expansion of the medical refrigerator market. The escalating demand for biologic products is propelled by a surge in the necessity for donated blood, a rise in the count of global blood donors, and an uptick in the incidence of infectious diseases. These commodities require consistent temperature regulation to sustain and prolong their viability. Medical refrigerators meet this prerequisite by facilitating the storage of these products at temperatures even as low as minus 80-degree Celsius. For example, the National Blood Service, a healthcare organization based in Ghana offering blood transfusion services, reported in March 2022 that in 2021, a total of 173,938 blood units were gathered, registering an increment from the 156,453 units amassed in 2020. Hence, the robust demand for biological materials like blood specimens, DNA specimens, and inoculations is expected to bolster the expansion of medical refrigerators in the forecast period.

Get Your Medical Refrigerators Market Report Here:
https://www.thebusinessresearchcompany.com/report/medical-refrigerators-global-market-report

What Is the projected market size and growth rate for the medical refrigerators market?
There has been substantial growth in the market size of medical refrigerators in the past few years. The market is expected to expand from $4.76 billion in 2024 to $5.12 billion in 2025, representing a compound annual growth rate (CAGR) of 7.5%. The significant growth during the historic period is due to factors such as the need for vaccine storage, the expansion of blood banks, the growth of the pharmaceutical industry, adherence to regulatory standards, and medical research.

The market size of medical refrigerators is predicted to experience substantial growth in the upcoming years. It is anticipated that it will expand to $7.47 billion by 2029, with a compound annual growth rate (CAGR) of 9.9%. This growth during the forecast period can be attributed to factors such as patient safety, point-of-care testing, storage of biologics, pharmaceutical cold chain, and sustainable refrigeration. Key trends projected for this period include energy-efficient technologies, bespoke refrigeration solutions, advanced pharmaceuticals, remote temperature monitoring, and advancements in biotechnology.

Get Your Free Sample Now - Explore Exclusive Market Insights:
https://www.thebusinessresearchcompany.com/sample.aspx?id=6407&type=smp

What new trends are reshaping the medical refrigerators market and its opportunities?
Innovative technologies are transforming the market for medical refrigerators. Various corporations are introducing these advancements in medical refrigeration to improve storage capabilities for medicine and blood, thereby aiding the healthcare sector in the long-term use of their products. For example, in April 2024, the American biotech firm Thermo Fisher Scientific unveiled their TSX Universal Series of ultra-low temperature (ULT) freezers. These freezers, designed to increase cold storage performance and energy efficiency, have the capacity to maintain temperatures ranging from -40°C to -86°C, making them ideal for storing temperature-sensitive items such as biological samples and vaccines. The latest series have enhanced cooling technology, are more user-friendly, and offer significant energy reductions of up to 33%. These enhancements are aimed at assisting labs in meeting their sustainability objectives while ensuring the dependability and quality of stored items.

What major market segments define the scope and growth of the medical refrigerators market?
The medical refrigerators market covered in this report 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 Refrigerators, 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 Liters, 50-200 Liters, 200-400 Liters, 400-600 Liters, More Than 600 Liters
5) By End-User: Blood Banks, Pharmaceutical Companies, Hospital and Pharmacies, Research Institutes, Medical And Diagnostic Centers

Subsegments:
1) By Blood Bank Refrigerator And Plasma Freezer: Blood Bank Refrigerator, Plasma Freezer
2) By Laboratory Refrigerator And Freezer: Laboratory Refrigerator, Laboratory Freezer
3) By Pharmacy Refrigerator And Freezer: Pharmacy Refrigerator, Pharmacy Freezer
4) By Chromatography Refrigerator And Freezer: Chromatography Refrigerator, Chromatography Freezer
5) By Enzyme Refrigerator And Freezer: Enzyme Refrigerator, Enzyme Freezer
6) By Ultra-Low-Temperature Freezers: -80°C Freezers, -40°C Freezers
7) By Cryogenic Storage Systems: Liquid Nitrogen Tanks, Cryogenic Freezers

Unlock Exclusive Market Insights - Purchase Your Research Report Now!
https://www.thebusinessresearchcompany.com/purchaseoptions.aspx?id=6407

Which region dominates the medical refrigerators market?
North America was the largest region in the medical refrigerators market in 2024. The regions covered in the medical refrigerators market report include Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East and Africa.

Which key market leaders are driving the medical refrigerators industry growth?
Major companies operating in the medical refrigerators market include Thermo Fisher Scientific Inc., Blue Star Limited, Qingdao Haier Biomedical Co.Ltd., Helmer Scientific Inc., Vestfrost Solutions A/S, Zhongke Meiling Cryogenics Company Limited, Philips Kirsch GmbH, LEC Medical Ltd., Panasonic Corporation, Froilabo SAS, LabRepCo LLC, Aucma Company Limited, Standex International Corporation, Godrej Industries Ltd., Fiochetti SRL, PHC Holdings Corporation, Follett LLC, Labcold Ltd., Dulas Ltd., HMG India Pvt. Ltd., Felix Storch Inc., SO-LOW Environmental Equipment Co. Inc., Indrel d.o.o., Eppendorf AG, Migali Scientific, Liebherr-International Deutschland GmbH, Global Cooling Inc., Thalheimer Kühlung GmbH, Bionics Scientific Technologies Ltd., Desmon S.p.A.

Customize Your Report - Get Tailored Market Insights!
https://www.thebusinessresearchcompany.com/sample.aspx?id=6407&type=smp

What Is Covered In The Medical Refrigerators Global Market Report?

•Market Size Forecast: Examine the medical refrigerators market size across key regions, countries, product categories, and applications.
•Segmentation Insights: Identify and classify subsegments within the medical refrigerators market for a structured understanding.
•Key Players Overview: Analyze major players in the medical refrigerators market, including their market value, share, and competitive positioning.
•Growth Trends Exploration: Assess individual growth patterns and future opportunities in the medical refrigerators market.
•Segment Contributions: Evaluate how different segments drive overall growth in the medical refrigerators market.
•Growth Factors: Highlight key drivers and opportunities influencing the expansion of the medical refrigerators market.
•Industry Challenges: Identify potential risks and obstacles affecting the medical refrigerators market.
•Competitive Landscape: Review strategic developments in the medical refrigerators market, including expansions, agreements, and new product launches.

Connect with us on:
LinkedIn: https://in.linkedin.com/company/the-business-research-company,
Twitter: https://twitter.com/tbrc_info,
YouTube: https://www.youtube.com/channel/UC24_fI0rV8cR5DxlCpgmyFQ.

Contact Us
Europe: +44 207 1930 708,
Asia: +91 88972 63534,
Americas: +1 315 623 0293 or
Email: mailto:info@tbrc.info

Learn More About The Business Research Company
With over 15,000+ reports from 27 industries covering 60+ geographies, The Business Research Company has built a reputation for offering comprehensive, data-rich research and insights. Our flagship product, the Global Market Model delivers comprehensive and updated forecasts to support informed decision-making.

This release was published on openPR.