Growing Demand For Medical Refrigerators Fueled By Increased Need For Biological Products: The Driving Engine Behind Medical Refrigerators Market Evolution in 2025

Use code ONLINE30 to get 30% off on global market reports and stay ahead of tariff changes, macro trends, and global economic shifts.

Medical Refrigerators Market Size Growth Forecast: What to Expect by 2025?
The market size for medical refrigerators has seen substantial growth in recent years. The market is projected to expand from a value of $4.76 billion in 2024 to $5.08 billion in 2025, which translates into a compound annual growth rate (CAGR) of 6.7%. Factors attributed to this historical growth are related to the storage of vaccines, the expansion of blood banks, enhanced growth in the pharmaceutical industry, regulatory compliance and medical research.

How Will the Medical Refrigerators Market Size Evolve and Grow by 2029?
In the coming years, the medical refrigerators market is anticipated to witness significant growth, escalating to a value of $7.36 billion in 2029, with a compound annual growth rate (CAGR) of 9.7%. Factors contributing to this projected growth during the forecasting period are patient safety, point-of-care testing, storage for biologics, pharmaceutical cold chain, and sustainable refrigeration. Emerging trends that will be prevalent in this timeframe include energy-efficient technologies, personalized refrigeration solutions, progressive pharmaceuticals, remote temperature monitoring, and advancements in biotechnology.

View the full report here:
https://www.thebusinessresearchcompany.com/report/medical-refrigerators-global-market-report

What Drivers Are Propelling the Growth of Medical Refrigerators Market Forward?
The medical refrigerator market is experiencing growth due to the escalating need for the storage of biological items such as blood specimens, DNA samples, blood reagents, vaccinations, and various other chemicals. This increased necessity for biological products can be attributed to a surge in blood donations, a rise in blood donors globally, and a growing incidence of infectious diseases. These items necessitate a steady temperature to extend their durability and keep them long-lasting, a condition met by medical refrigerators that can preserve these products at temperatures as low as minus 80 degrees Celsius. For instance, data from the National Blood Service, a Ghana-based organization offering blood transfusion services, revealed that 173,938 units of blood were collected in 2021, showing an upliftment from the 156,453 units accumulated in 2020. With this in consideration, the high demand for biological materials, including blood samples, DNA samples, and vaccinations among others, is anticipated to boost the growth of the medical refrigerator market during the forecast period.

Get your free sample here:
https://www.thebusinessresearchcompany.com/sample.aspx?id=6407&type=smp

Which Emerging Trends Are Transforming the Medical Refrigerators Market in 2025?
Innovations in technology are playing a key role in the evolution of the medical refrigerator market. Numerous firms are inventing novel technologies specifically for medical refrigerators with a goal to store medicines and blood more efficiently, thereby extending their lifespan and usability. For example, Thermo Fisher Scientific, an American biotech firm, introduced the TSX Universal Series ultra-low temperature (ULT) freezers in April 2024. These freezers are engineered to boost both performance and energy efficiency in cold storage. They have the ability to maintain temperatures ranging from -40°C to -86°C, making them an ideal choice for preserving sensitive materials like biological samples and vaccines. The latest series includes an enhanced cooling system, a user-friendly interface, and striking energy savings up to 33%. These innovations are designed to help laboratories meet their sustainability targets without compromising the reliability and quality of the stored items.

What Are the Key Segments in 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

Tailor your insights and customize the full report here:
https://www.thebusinessresearchcompany.com/customise?id=6407&type=smp

Who Are the Key Players Shaping the Medical Refrigerators Market's Competitive Landscape?
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.

What Geographic Markets Are Powering Growth in 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.

Purchase the full report today:
https://www.thebusinessresearchcompany.com/purchaseoptions.aspx?id=6407

This Report Supports:
1.Business Leaders & Investors - To identify growth opportunities, assess risks, and guide strategic decisions.
2.Manufacturers & Suppliers - To understand market trends, customer demand, and competitive positioning.
3.Policy Makers & Regulators - To track industry developments and align regulatory frameworks.
4.Consultants & Analysts - To support market entry, expansion strategies, and client advisory work.

Speak With Our Expert:
Saumya Sahay
Europe - +44 7882 955267,
Asia: +91 88972 63534,
Americas - +1 310-496-7795 or
Email:saumyas@tbrc.info
Follow Us On:
• LinkedIn: https://in.linkedin.com/company/the-business-research-company

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.