Medical Refrigerators Market Scope And Analysis

Report Code : TIPRE00006857
Category : Medical Device

Status : Published
No. of Pages : 253

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Medical Refrigerators Market Analysis Report 2023 to 2028

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Medical Refrigerators Market Report Scope

Report Attribute	Details
Market size in 2022	US$ 4.67 Billion
Market Size by 2028	US$ 6.5 Billion
Global CAGR (2022 - 2028)	5.8%
Historical Data	2020-2021
Forecast period	2023-2028
Segments Covered	By Product Type Laboratory Refrigerators & Freezers Chromatography Refrigerators & Freezers Ultralow-Temperature Freezers Blood Bank Refrigerators & Plasma Freezers Cryogenic Storage Systems Pharmacy Refrigerators & Freezers Enzyme Refrigerators & Freezers Hospital Refrigerators & Freezers Shock Freezers By Design Type Explosion-Proof Refrigerators Undercounter Medical Refrigerators Countertop Medical Refrigerators Flammable Material Storage Refrigerators By Temperature Control Range Between ?1 And ?50 By End User Hospitals and Pharmacies Medical Laboratories Blood Banks Pharmaceutical Companies Research Institutes Diagnostic Centers
Regions and Countries Covered	North America US Canada Mexico Europe UK Germany France Russia Italy Rest of Europe Asia-Pacific China India Japan Australia Rest of Asia-Pacific South and Central America Brazil Argentina Rest of South and Central America Middle East and Africa South Africa Saudi Arabia UAE Rest of Middle East and Africa
Market leaders and key company profiles	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

Industry Developments and Future Opportunities:

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

In March 2022, B Medical Systems announced that the company's Ultra-Low Freezer U201 had received WHO PQS prequalification.
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.
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.
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.
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.
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.