Medical Refrigerators Market Scope And Analysis

Medical Refrigerators Market Report Scope

Industry Developments and Future Opportunities:

Various initiatives taken by top medical refrigerator companies operating in the global medical refrigerator market are listed below:

1. In March 2022, B Medical Systems announced that the company's Ultra-Low Freezer U201 had received WHO PQS prequalification.
2. In January 2022, B Medical Systems announced its plan to open a new manufacturing facility in India to meet the increasing demand for medical cold chain products, including vaccine refrigerators, in the country.
3. In December 2020, Tobin Scientific and PHCbi collaborated on a regional COVID-19 vaccine distribution solution to address the need for ultra-low temperature requirements.
4. In June 2020, Dulas acquired Polestar, a UK-based company that pioneered the innovative use of solar, hydro, and wind energy and state-of-the-art healthcare refrigerators for vaccine storage. Polestar is a UK-based company that produces industrial and medical refrigeration equipment.
5. In April 2020, Thermo Fisher Scientific signed a partnership agreement with DKSH to distribute its Revco RDE Series Ultra Low Temperature (ULT) freezers. This agreement was mainly focused on the clinical sector.
6. In December 2020, Follett LLC announced the expansion of its manufacturing facilities in Forks Township. Adding US$12 million and 90,000 sq. ft would bring the total manufacturing and office space under the roof to ~250,000 sq. ft. The expansion and related investments were completed by mid-2021.

Competitive Landscape and Key Companies:

Some of the prominent medical refrigerator companies operating in the market include Thermo Fisher Scientific Inc.; Philipp Kirsch GmbH, Godrej & Boyce Manufacturing Company Limited, Haier Group Corporation, Blue Star Limited, Helmer Scientific Inc.; Vestfrost Solutions, PHC Holdings Corporation, FOLLETT LLC, Lec Medical, amongst others. The company focuses on new product launches and geographical expansions to meet the growing global demand and increase its product range in specialty portfolios. Their widespread global presence allows them to serve many customers and increase their market share.