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Pharmacy And Reagent Storage Refrigerators Market 2017 – 2027; By Temperature Range & End User
Report Overview: https://www.futuremarketinsights.com/reports/pharmacy-and-reagent-storage-refrigerators-market
Pharmacy and Reagent Storage Refrigerators Market: Drivers and Restraints
Factors driving the global pharmacy and reagent storage market, are increasing demand for blood transfusions, custom-made medicines and vaccines, and cellular therapies. Also, rising research and development activities in the field of medical science are driving the acceptance of pharmacy and reagent storage refrigerators and freezers in research and educational institutes. Also, with increased funding from various sources and R&D activities in the pharmaceutical sector has upsurged the use of pharmacy and reagent storage refrigerators market. Factors restraining the global pharmacy and reagent storage refrigerator market includes presence of a large number of local players offering cheaper products than branded products, and rising trend of using refurbished equipment worldwide due to its lower price.
Pharmacy and Reagent Storage Refrigerators Market: Overview
With the rapid technological advancement and with augmentation of various technological and infrastructural up gradation of clinics, hospitals and research laboratories, expansion of cold chain capacity, the global pharmacy and reagent storage refrigerators market is expected to have a substantial growth.
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Pharmacy and Reagent Storage Refrigerators Market: Region-wise Outlook
Regionally, the market can be segmented into North America, Western Europe, Eastern Europe, Asia-Pacific excluding Japan, Japan, Latin America and the Middle East and Africa. North America accounts for the largest share of the global pharmacy and reagent storage refrigerators market. Factors contributing to the growth of pharmacy and reagent storage refrigerators in North America are the presence of a large number of healthcare facilities and the rising demand for these equipment. Major players in the retail sector are expanding their footprint in emerging markets of Asia Pacific, especially in India and China to capitalize on growing consumer spending power in these countries. Asia-Pacific is expected to be the fastest-growing region for the pharmacy and reagent storage refrigerators market. Increasing tourism in emerging countries further promotes healthcare spending into pharmacy and reagent storage refrigerators market.
Pharmacy and Reagent Storage Refrigerators Market: Key Players
Some of the players of pharmacy and reagent storage refrigerators market include Arrowsmith & Grant Refrigeration, Biobase, Dulas Ltd., EMSAS Electrical Equipment Industry & Trading, Inc., Fiocchetti S.R.L., F.lli Della Marca S.R.L, Helmer Scientific, Powers Scientific, Inc., Tritec, and Woodley Equipment Company Ltd. Top market players are focusing on new product development and launch of advanced and sustainable products through strategic R&D initiatives in product innovation; geographical expansion especially in high-growth markets such as India, China, and Brazil by increasing the number of manufacturing facilities worldwide and collaborations and partnerships with established players in mature markets for business expansion and growth.
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