Medical Refrigerators Market

Medical Refrigerators Market by Product Type, End Use (Blood Banks, Pharmaceutical Companies, Hospitals, & Pharmacies, Research Institutes, Medical Laboratories, and Diagnostic Centers), Region - Global Forecast to 2024

Report Code: CH 7300 Aug, 2019, by marketsandmarkets.com

[162 Pages Report] The medical refrigerators market is projected to grow from USD 3.3 billion in 2019 to USD 4.2 billion by 2024, at a CAGR of 5.3% from 2019 to 2024. Surging demand for the safe storage of blood and blood derivatives from hospitals, pharmacies, clinics, and diagnostic centers is fueling the growth of the market across the globe. The rising government funding in medical research as well as the pharmaceuticals sector is expected to further upsurge the demand for medical refrigerators and freezers.

Medical Refrigerators Market

Based on end use, the blood banks segment is projected to grow at the highest rate from 2019 to 2024.

Based on end use, the blood banks segment of the medical refrigerators market is projected to witness the highest CAGR, in terms of both value and volume, during the forecast period. Increasing prevalence of hematological diseases and a rise in the number of accidents have raised the demand for plasma for use in plasma fractionation procedures. This demand has, in turn, resulted in the hike in demand for blood bank refrigerators & plasma freezers. These factors are driving the growth of the blood banks segment of the medical refrigerators market across the globe.

Based on product type, the blood bank refrigerators & plasma freezerssegment is projected to grow at the highest rate from 2019 to 2024.

Based on product type, the medical refrigerators market has been segmented into blood bank refrigerators & plasma freezers, laboratory refrigerators & freezers, pharmacy refrigerators & freezers, chromatography refrigerators & freezers, enzyme refrigerators & freezers, ultra-low-temperature freezers, and cryogenic storage systems. The blood bank refrigerators & plasma freezers segment is estimated to lead the market from 2019 to 2024, in terms of both value and volume. This segment is also projected to witness a higher CAGR than the other segments, in terms of both value and volume, during the forecast period. The rising demand for the safe storage of blood units and plasma from hospitals, pharmacies, clinics, and diagnostic centers is expected to drive the growth of the blood bank refrigerators & plasma freezers segment.

Medical Refrigerators Market

By region, North America is projected to lead the medical refrigerators market during the forecast period.

The North American region is estimated to be the largest market for medical refrigerators in 2019. The US, Canada, and Mexico are the major consumers of medical refrigerators in this region.

Rising research activities for the treatment of diseases, increasing occurrence of chronic and infectious diseases, and the replacement of older medical refrigerators with newer and more advanced energy-efficient cold storage devices are driving the growth of the medical refrigerators market in this region.

Key Market Players

Thermo Fisher Scientific Inc. (US), Blue Star Limited (India), Helmer Scientific (US), Vestfrost Solutions (Denmark), Felix Storch, Inc. (US), Philipp Kirsch GmbH (Germany), Haier Biomedical (China), Follett LLC (US), PHC Holdings Corporation (Japan), LEC Medical (United Kingdom), and Zhongke Meiling Cryogenics Company Limited (China) are some of the leading players operating in the medical refrigerators market. These players have adopted several growth strategies, such as new product launches, expansions, acquisitions, new product developments, collaborations, partnerships, and agreements, to enhance their position in the market.

Scope of the Report:

Report Metric

Details

Market Size Available for Years

2017–2024

Base Year Considered

2018

Forecast Period

2019–2024

Forecast Units

Value (USD Billion) and Volume (Units)

Segments Covered

Product Type, End Use and Region

Geographies Covered

North America, Asia Pacific, Europe, the Middle East & Africa, and South America

Companies Covered

Thermo Fisher Scientific Inc. (US), Blue Star Limited (India), Helmer Scientific (US), Vestfrost Solutions (Denmark), Felix Storch, Inc. (US), Philipp Kirsch GmbH (Germany), Haier Biomedical (China), Follett LLC (US), PHC Holdings Corporation (Japan), LEC Medical (United Kingdom), and Zhongke Meiling Cryogenics Company Limited (China)
Total 11 major players covered.

This research report categorizes the medical refrigerators market based on product type, end use, and region.

On the basis of Product Type, the medical refrigerators market has been segmented as follows:

  • Blood Bank Refrigerators & Plasma Freezers
  • Laboratory Refrigerators & Freezers
  • Pharmacy Refrigerators & Freezers
  • Chromatography Refrigerators & Freezers
  • Enzyme Refrigerators & Freezers
  • Ultra-Low-Temperature Freezers
  • Cryogenic Storage Systems

On the basis of End Use, the medical refrigerators market has been segmented as follows:

  • Blood Banks
  • Pharmaceutical Companies
  • Hospitals & Pharmacies
  • Research Institutes
  • Medical Laboratories
  • Diagnostic Centers

On the basis of Region, the medical refrigerators market has been segmented as follows:

  • Asia Pacific
  • North America
  • Europe
  • Middle East & Africa
  • South America

Recent Developments

  • In December 2018, Vestfrost Solutions, a Danish manufacturer of medical refrigerators, invested USD 15.4 million to expand its capacity to manufacture and store refrigerators at its plant in Csongrad, Southern Hungary. This investment helped the plant to carry out extensive R&D activities.
  • In August 2017, Thermo Fisher Scientific Inc. completed the acquisition of Patheon NV, a leading global provider of high-quality drug development and delivery solutions to the pharmaceuticals and biopharma sector. The development is expected to create a synergy within the company, enabling it to have a competitive edge in the medical refrigerator market in the North American region.

Key Questions Addressed by the Report

  • How will the developments undertaken by various companies affect the medical refrigerators market in the mid- to long-term?
  • What are the upcoming industry applications of medical refrigerators & freezers?
  • How will the changes in government policies impact the medical refrigerators market?
  • What is the estimated size of the medical refrigerators market in 2019?
  • What are the different end uses of medical refrigerators & freezers?

To speak to our analyst for a discussion on the above findings, click Speak to Analyst

Table of Contents

1 Introduction (Page No. - 17)
    1.1 Objectives of the Study
    1.2 Market Definition
    1.3 Scope of the Study
           1.3.1 Markets Covered
           1.3.2 Years Considered for the Study
    1.4 Currency Considered
    1.5 Stakeholders

2 Research Methodology (Page No. - 20)
    2.1 Research Data
           2.1.1 Secondary Data
                    2.1.1.1 Key Data From Secondary Sources
           2.1.2 Primary Data
                    2.1.2.1 Key Data From Primary Sources
                    2.1.2.2 Key Industry Insights
                    2.1.2.3 Breakdown of Primary Interviews
    2.2 Market Size Estimation
           2.2.1 Bottom-Up Approach
           2.2.2 Top-Down Approach
    2.3 Data Triangulation
    2.4 Research Assumptions
    2.5 Limitations

3 Executive Summary (Page No. - 27)

4 Premium Insights (Page No. - 32)
    4.1 Attractive Opportunities in the Medical Refrigerators Market
    4.2 Medical Refrigerators Market, By Type
    4.3 Medical Refrigerators Market, By Type
    4.4 Medical Refrigerators Market, By End use
    4.5 Medical Refrigerators Market Growth

5 Market Overview (Page No. - 35)
    5.1 Introduction
    5.2 Market Dynamics
           5.2.1 Drivers
                    5.2.1.1 Increasing Demand for Blood Storage Centers and Blood Banks
                    5.2.1.2 Technological Advancements in Medical Refrigerators
           5.2.2 Restraints
                    5.2.2.1 use of Refurbished Devices
           5.2.3 Opportunities
                    5.2.3.1 Increasing Research & Development Investments in Medical Science By Government Organizations
                    5.2.3.2 High Life Expectancy
           5.2.4 Challenges
                    5.2.4.1 High Cost of Equipment
                    5.2.4.2 Lack of Awareness About Medical Equipment

6 Medical Refrigerators Market, By Design Type (Page No. - 38)
    6.1 Introduction
    6.2 Countertop Medical Refrigerator
    6.3 Undercounter Medical Refrigerator
    6.4 Flammable Material Storage Refrigerator
    6.5 Explosion-Proof Refrigerator

7 Medical Refrigerators Market, By Door Type (Page No. - 40)
    7.1 Introduction
    7.2 Single Door
    7.3 Double Door

8 Medical Refrigerators Market, By Product Type (Page No. - 41)
    8.1 Introduction
    8.2 Market Size and Projection
           8.2.1 Blood Bank Refrigerators & Plasma Freezers to Hold the Largest Market Share Through 2024
    8.3 Blood Bank Refrigerators & Plasma Freezers
           8.3.1 Blood Banks Application to Drive the Blood Bank Refrigerators & Plasma Freezers Market
    8.4 Laboratory Refrigerators & Freezers
           8.4.1 North America to Lead the Laboratory Refrigerators & Freezers Market in 2019
    8.5 Pharmacy Refrigerators & Freezers
           8.5.1 Growth in Pharmaceutical Industry to Drive the Market for Pharmacy Refrigerators & Freezers Market
    8.6 Chromatography Refrigerators & Freezers
           8.6.1 Rise in Research Activities in the Medical Field is Expected to Boost the Chromatography Refrigerators & Freezers Market
    8.7 Enzyme Refrigerators & Freezers
           8.7.1 Middle East & Africa to be Fastest Growing Region for Enzym Refrigerators & Freezers Market
    8.8 Ultra-Low Temperature Freezers
           8.8.1 Demand From Medical Laboratories and Research Institutes is Estimated to Drive the Market for Ultra-Low Temperature Freezers
    8.9 Cryogenic Storage Systems
           8.9.1 Increased R&D on DNA Modification Techniques is a Major Driver for the Growth of the Segment During Forecast Period

9 Medical Refrigerators Market, By End use (Page No. - 53)
    9.1 Introduction
    9.2 Market Size and Projection
           9.2.1 Blood Banks Segment Accounted for the Largest Market Share in 2018
    9.3 Blood Banks
           9.3.1 High Demand for Safe Blood Due to High Prevalence of Blood Transfusion Cases is Driving the Demand for Blood Banks Segment
    9.4 Pharmaceutical Companies
           9.4.1 Growth in Research Activities in Developing Nations is Driving the Demand for the Market
    9.5 Hospitals & Pharmacies
           9.5.1 Infrastructural Advancements in the Healthcare Sector is Driving the Demand for the Segment
    9.6 Research Institutes
           9.6.1 Increasing Research & Development Activities in the Pharmaceutical Sector is Projected to Drive the Demand for Research Institutes End Use
    9.7 Medical Laboratories
           9.7.1 North America to Lead the Medical Laboratories Market in 2019
    9.8 Diagnostic Centers
           9.8.1 Middle East & Africa to be Fastest Growing Region for Diagnostic Centers Market

10 Medical Refrigerators Market By Region (Page No. - 63)
     10.1 Introduction
     10.2 North America
             10.2.1 US
                       10.2.1.1 US Accounted for the Largest Market Share in the North American Medical Refrigerators Market
             10.2.2 Canada
                       10.2.2.1 Blood Banks End use Segment to Lead the Market Through 2024
             10.2.3 Mexico
                       10.2.3.1 Diagnostic Centers to be Fastest Growing Segment in Mexico
     10.3 Europe
             10.3.1 Germany
                       10.3.1.1 Blood Banks is Projected to be the Largest End use Segment in German Medical Refrigerators Market
             10.3.2 France
                       10.3.2.1 Government Support to the Medical and Pharmaceutical Industry has Lead to the Growth of Medical Refrigerators Market in France
             10.3.3 UK
                       10.3.3.1 Investment By Pharmaceutical Industry in R&D is Driving the Market in UK
             10.3.4 Italy
                       10.3.4.1 Blood Banks is Projected to be the Fastest Growing Segment During the Forecast Period in Italy
             10.3.5 Turkey
                       10.3.5.1 Rise in Investment in Healthcare Services is Driving the Local Market
             10.3.6 Rest of Europe
     10.4 Asia Pacific
             10.4.1 China
                       10.4.1.1 China to Lead the Asia Pacific Medical Refrigerators Market
             10.4.2 India
                       10.4.2.1 India to be Fastest Growing Country in Asia Pacific Medical Refrigerators Market
             10.4.3 South Korea
                       10.4.3.1 Growth in Pharmaceutical Industry to Drive the Market in South Korea
             10.4.4 Japan
                       10.4.4.1 Pharmaceutical Companies to Lead the Medical Refrigerators Market in Japan
             10.4.5 Thailand
                       10.4.5.1 Blood Banks is Projected to be the Fastest Growing Segment During the Forecast Period in Thailand
             10.4.6 Indonesia
                       10.4.6.1 Blood Banks End use Segment to Lead the Indonesian Market Through 2024
             10.4.7 Rest of Asia Pacific
     10.5 South America
             10.5.1 Brazil
                       10.5.1.1 Brazil to Lead the South America Medical Refrigerators Market in 2019
             10.5.2 Argentina
                       10.5.2.1 High Growth in Pharmaceutical Manufacturing in Argentina is Supporting the Overall Growth of the Market
             10.5.3 Rest of South America
     10.6 Middle East & Africa
             10.6.1 Saudi Arabia
                       10.6.1.1 Saudi Arabia to Lead the Middle East & Africa Medical Refrigerators Market in 2019
             10.6.2 UAE
                       10.6.2.1 Blood Banks is Projected to be the Fastest Growing Segment During the Forecast Period in UAE
             10.6.3 Egypt
                       10.6.3.1 Blood Banks End use Segment to Lead the Egyptian Market Through 2024
             10.6.4 South Africa
                       10.6.4.1 Blood Banks Segment Accounted for the Largest Market Share in 2018
             10.6.5 Rest of Middle East & Africa

11 Competitive Landscape (Page No. - 109)
     11.1 Overview
     11.2 Competitive Landscape Mapping, 2019
             11.2.1 Visionary Leaders
             11.2.2 Innovators
             11.2.3 Dynamic Differentiators
             11.2.4 Emerging Companies
     11.3 Competitive Benchmarking
             11.3.1 Strength of Product Portfolio
             11.3.2 Business Strategy Excellence
     11.4 Market Ranking of Key Players
     11.5 Competitive Scenario
             11.5.1 New Product Launches
             11.5.2 Expansions
             11.5.3 Acquisitions
             11.5.4 New Product Developments
             11.5.5 Partnerships
             11.5.6 Collaborations
             11.5.7 Agreements

12 Company Profiles (Page No. - 120)
(Business Overview, Products Offered, Recent Developments, SWOT Analysis, MnM View)*
     12.1 Helmer Scientific
     12.2 Vestfrost Solutions
     12.3 Thermo Fisher Scientific Inc.
     12.4 Felix Storch, Inc.
     12.5 Philipp Kirsch GmbH
     12.6 Haier Biomedical
     12.7 Follett LLC
     12.8 PHC Holdings Corporation
     12.9 LEC Medical
     12.10 Zhongke Meiling Cryogenics Company Limited
     12.11 Blue Star Limited
     12.12 Other Companies
               12.12.1 Migali Scientific
               12.12.2 Standex
               12.12.3 Fiocchetti
               12.12.4 So-Low Environmental Equipment Co., Inc.
               12.12.5 Aucma
               12.12.6 Labcold
               12.12.7 Temparmour Refrigeration
               12.12.8 Indrel
               12.12.9 Dulas
               12.12.10 Godrej

*Details on Business Overview, Products Offered, Recent Developments, SWOT Analysis, MnM View Might Not be Captured in Case of Unlisted Companies.

13 Appendix (Page No. - 154)
     13.1 Discussion Guide
     13.2 Knowledge Store: Marketsandmarkets Subscription Portal
     13.3 Available Customizations
     13.4 Related Reports
     13.5 Author Details


List of Tables (112 Tables)

Table 1 Medical Refrigerators Market
Table 2 Medical Refrigerators Market, By Product Type, 2017–2024 (USD Million)
Table 3 Medical Refrigerators Market, By Product Type, 2017–2024 (Units)
Table 4 Medical Refrigerators Market for Blood Bank Refrigerators & Plasma Freezers, By Region, 2017–2024 (USD Million)
Table 5 Medical Refrigerators Market for Blood Bank Refrigerators & Plasma Freezers, By Region, 2017–2024 (Units)
Table 6 Medical Refrigerators Market for Laboratory Refrigerators & Freezers, By Region, 2017–2024 (USD Million)
Table 7 Medical Refrigerators Market for Laboratory Refrigerators & Freezers, By Region, 2017–2024 (Units)
Table 8 Medical Refrigerators Market for Pharmacy Refrigerators & Freezers, By Region, 2017–2024 (USD Million)
Table 9 Medical Refrigerators Market for Pharmacy Refrigerators & Freezers, By Region, 2017–2024 (Units)
Table 10 Medical Refrigerators Market for Chromatography Refrigerators & Freezers, By Region, 2017–2024 (USD Million)
Table 11 Medical Refrigerators Market for Chromatography Refrigerators & Freezers, By Region, 2017–2024 (Units)
Table 12 Medical Refrigerators Market for Enzyme Refrigerators & Freezers, By Region, 2017–2024 (USD Million)
Table 13 Medical Refrigerators Market for Enzyme Refrigerators & Freezers, By Region, 2017–2024 (Units)
Table 14 Medical Refrigerators Market for Ultra-Low Temperature Freezers, By Region, 2017–2024 (USD Million)
Table 15 Medical Refrigerators Market for Ultra-Low-Temperature Freezers, By Region, 2017–2024 (Units)
Table 16 Medical Refrigerators Market for Cryogenic Storage Systems, By Region, 2017–2024 (USD Million)
Table 17 Medical Refrigerators Market for Cryogenic Storage Systems, By Region, 2017–2024 (Units)
Table 18 Medical Refrigerators Market, By End Use, 2017–2024 (USD Million)
Table 19 Medical Refrigerators Market, By End Use, 2017–2024 (Units)
Table 20 Medical Refrigerators Market for Blood Banks, By Region, 2017–2024 (USD Million)
Table 21 Medical Refrigerators Market for Blood Banks, By Region, 2017–2024 (Units)
Table 22 Medical Refrigerators Market for Pharmaceutical Companies, By Region, 2017–2024 (USD Million)
Table 23 Medical Refrigerators Market for Pharmaceutical Companies, By Region, 2017–2024 (Units)
Table 24 Medical Refrigerators Market for Hospitals & Pharmacies, By Region, 2017–2024 (USD Million)
Table 25 Medical Refrigerators Market for Hospitals & Pharmacies, By Region, 2017–2024 (Units)
Table 26 Medical Refrigerators Market for Research Institutes, By Region, 2017–2024 (USD Million)
Table 27 Medical Refrigerators Market for Research Institutes, By Region, 2017–2024 (Units)
Table 28 Medical Refrigerators Market for Medical Laboratories, By Region, 2017–2024 (USD Million)
Table 29 Medical Refrigerators Market for Medical Laboratories, By Region, 2017–2024 (Units)
Table 30 Medical Refrigerators Market for Diagnostic Centers, By Region, 2017–2024 (USD Million)
Table 31 Medical Refrigerators Market for Diagnostic Centers, By Region, 2017–2024 (Units)
Table 32 Medical Refrigerators Market, By Region, 2017–2024 (USD Million)
Table 33 Medical Refrigerators Market, By Region, 2017–2024 (Units)
Table 34 US Medical Refrigerators Market, By End Use, 2017–2024 (USD Million)
Table 35 US Medical Refrigerators Market, By End Use, 2017–2024 (Units)
Table 36 Canada Medical Refrigerators Market, By End Use, 2017–2024 (USD Million)
Table 37 Canada Medical Refrigerators Market, By End Use, 2017–2024 (Units)
Table 38 Mexico Medical Refrigerators Market, By End Use, 2017–2024 (USD Million)
Table 39 Mexico Medical Refrigerators Market, By End Use, 2017–2024 (Units)
Table 40 Europe Medical Refrigerators Market, By Country, 2017–2024 (USD Million)
Table 41 Europe Medical Refrigerators Market, By Country, 2017–2024 (Units)
Table 42 Europe Medical Refrigerators Market, By Product Type, 2017–2024 (USD Million)
Table 43 Europe Medical Refrigerators Market, By Product Type, 2017–2024 (Units)
Table 44 Europe Medical Refrigerators Market, By End Use, 2017–2024 (USD Million)
Table 45 Europe Medical Refrigerators Market, By End Use, 2017–2024 (Units)
Table 46 Germany Medical Refrigerators Market, By End Use, 2017–2024 (USD Million)
Table 47 Germany Medical Refrigerators Market, By End Use, 2017–2024 (Units)
Table 48 France Medical Refrigerators Market, By End Use, 2017–2024 (USD Million)
Table 49 France Medical Refrigerators Market, By End Use, 2017–2024 (Units)
Table 50 UK Medical Refrigerators Market, By End Use, 2017–2024 (USD Million)
Table 51 UK Medical Refrigerators Market, By End Use, 2017–2024 (Units)
Table 52 Italy Medical Refrigerators Market, By End Use, 2017–2024 (USD Million)
Table 53 Italy Medical Refrigerators Market, By End Use, 2017–2024 (Units)
Table 54 Turkey Medical Refrigerators Market, By End Use, 2017–2024 (USD Million)
Table 55 Turkey Medical Refrigerators Market, By End Use, 2017–2024 (Units)
Table 56 Rest of Europe Medical Refrigerators Market, By End Use, 2017–2024 (USD Million)
Table 57 Rest of Europe Medical Refrigerators Market, By End Use, 2017–2024 (Units)
Table 58 Asia Pacific Medical Refrigerators Market, By Country, 2017–2024 (USD Million)
Table 59 Asia Pacific Medical Refrigerators Market, By Country, 2017–2024 (Units)
Table 60 Asia Pacific Medical Refrigerators Market, By Product Type, 2017–2024 (USD Million)
Table 61 Asia Pacific Medical Refrigerators Market, By Product Type, 2017–2024 (Units)
Table 62 Asia Pacific Medical Refrigerators Market, By End Use, 2017–2024 (USD Million)
Table 63 Asia Pacific Medical Refrigerators Market, By End Use, 2017–2024 (Units)
Table 64 China Medical Refrigerators Market, By End Use, 2017–2024 (USD Million)
Table 65 China Medical Refrigerators Market, By End Use, 2017–2024 (Units)
Table 66 India Medical Refrigerators Market, By End Use, 2017–2024 (USD Million)
Table 67 India Medical Refrigerators Market, By End Use, 2017–2024 (Units)
Table 68 South Korea Medical Refrigerators Market, By End Use, 2017–2024 (USD Million)
Table 69 South Korea Medical Refrigerators Market, By End Use, 2017–2024 (Units)
Table 70 Japan Medical Refrigerators Market, By End Use, 2017–2024 (USD Million)
Table 71 Japan Medical Refrigerators Market, By End Use, 2017–2024 (Units)
Table 72 Thailand Medical Refrigerators Market, By End Use, 2017–2024 (USD Million)
Table 73 Thailand Medical Refrigerators Market, By End Use, 2017–2024 (Units)
Table 74 Indonesia Medical Refrigerators Market, By End Use, 2017–2024 (USD Million)
Table 75 Indonesia Medical Refrigerators Market, By End Use, 2017–2024 (Units)
Table 76 Rest of Asia Pacific Medical Refrigerators Market, By End Use, 2017–2024 (USD Million)
Table 77 Rest of Asia Pacific Medical Refrigerators Market, By End Use, 2017–2024 (Units)
Table 78 South America Medical Refrigerators Market, By Country, 2017–2024 (USD Million)
Table 79 South America Medical Refrigerators Market, By Country, 2017–2024 (Units)
Table 80 South America Medical Refrigerators Market, By Type, 2017–2024 (USD Million)
Table 81 South America Medical Refrigerators Market, By Type, 2017–2024 (Units)
Table 82 South America Medical Refrigerators Market, By Application, 2017–2024 (USD Million)
Table 83 South America Medical Refrigerators Market, By Application, 2017–2024 (Units)
Table 84 Brazil Medical Refrigerators Market, By Application, 2017–2024 (USD Million)
Table 85 Brazil Medical Refrigerators Market, By Application, 2017–2024 (Units)
Table 86 Argentina Medical Refrigerators Market, By Application, 2017–2024 (USD Million)
Table 87 Argentina Medical Refrigerators Market, By Application, 2017–2024 (Units)
Table 88 Rest of South America Medical Refrigerators Market, By Application, 2017–2024(USD Million)
Table 89 Rest of South America Medical Refrigerators Market, By Application, 2017–2024 (Units)
Table 90 Middle East & Africa Medical Refrigerators Market, By Country, 2017–2024 (USD Million)
Table 91 Middle East & Africa Medical Refrigerators Market, By Country, 2017–2024 (Units)
Table 92 Middle East & Africa Medical Refrigerators Market, By Product Type, 2017–2024 (USD Million)
Table 93 Middle East & Africa Medical Refrigerators Market, By Product Type, 2017–2024 (Units)
Table 94 Middle East & Africa Medical Refrigerators Market, By End Use, 2017–2024 (USD Million)
Table 95 Middle East & Africa Medical Refrigerators Market, By End Use, 2017–2024 (Units)
Table 96 Saudi Arabia Medical Refrigerators Market, By End Use, 2017–2024 (USD Million)
Table 97 Saudi Arabia Medical Refrigerators Market, By End Use, 2017–2024 (Units)
Table 98 UAE Medical Refrigerators Market, By End Use, 2017–2024 (USD Million)
Table 99 UAE Medical Refrigerators Market, By End Use, 2017–2024 (Units)
Table 100 Egypt Medical Refrigerators Market, By End Use, 2017–2024 (USD Million)
Table 101 Egypt Medical Refrigerators Market, By End Use, 2017–2024 (Units)
Table 102 South Africa Medical Refrigerators Market, By End Use, 2017–2024 (USD Million)
Table 103 South Africa Medical Refrigerators Market, By End Use, 2017–2024 (Units)
Table 104 Rest of Middle East & Africa Medical Refrigerators Market, By End Use, 2017–2024 (USD Million)
Table 105 Rest of Middle East & Africa Medical Refrigerators Market, By End Use, 2017–2024 (Units)
Table 106 New Product Launches, 2014–2019
Table 107 Expansions, 2014–2019
Table 108 Acquisitions, 2014–2019
Table 109 New Product Developments, 2014–2019
Table 110 Partnerships, 2014–2019
Table 111 Collaborations, 2014–2019
Table 112 Agreements, 2014–2019
 
 
List of Figures (28 Figures)
 
Figure 1 Medical Refrigerators Market: Research Design
Figure 2 Breakdown of Primary Interviews, By Company, Designation, and Region
Figure 3 Market Size Estimation: Bottom-Up Approach
Figure 4 Market Size Estimation: Top-Down Approach
Figure 5 Blood Bank Refrigertaors & Plasma Freezers Segment Projected to Lead the Medical Refrigerators Market in 2019, in Terms of Value
Figure 6 Blood Banks Segment Projected to Lead the Medcal Refrigerators Market During Forecast Period, in Terms of Value
Figure 7 North America Estimated to Account for Largest Share of the Medical Refrigerators Market in 2019
Figure 8 The Medical Refrigerators Market is Projected to Witness Moderate Growth During the Forecast Period
Figure 9 The Blood Bank Refrigerators & Plasma Freezers Segment is Estimated to Account for the Largest Share of the North America Medical Refrigerators Market in 2019
Figure 10 The Laboratory Refrigerators & Freezers Segment is Projected to Lead the Medical Refrigerators Market During the Forecast Period
Figure 11 The Blood Banks Segment is Projected to Lead the Medical Refrigerators Market During the Forecast Period
Figure 12 The North America Medical Refrigerators Market to Grow at the Highest CAGR During the Forecast Period
Figure 13 Medical Refrigerators Market: Drivers, Restraints, Opportunities, & Challenges
Figure 14 Medical Refrigerators Market, By Product Type, 2019 & 2024 (USD Million)
Figure 15 Medical Refrigerators Market, By End Use, 2019 & 2024 (USD Million)
Figure 16 Regional Snapshot: Asia Pacific to Lead the Medical Refrigerators Market During the Forecast Period
Figure 17 North America: Market Snapshot
Figure 18 Europe Medical Refrigerators Market Snapshot
Figure 19 Asia Pacific Medical Refrigerators Market Snapshot
Figure 20 Companies Adopted Both, Organic and Inorganic Growth Strategies Between January 2014 and October 2018
Figure 21 Medical Refrigerators Market: Competitive Landscape Mapping, 2019
Figure 22 Helmer Scientific: SWOT Analysis
Figure 23 Vestfrost Solutions: SWOT Analysis
Figure 24 Thermo Fisher Scientific, Inc.: Company Snapshot
Figure 25 Thermo Fisher Scientific Inc.: SWOT Analysis
Figure 26 PHC Holdings Corporation: SWOT Analysis
Figure 27 Blue Star Limited: Company Snapshot
Figure 28 Blue Star Limited: SWOT Analysis

The study involved four major activities in estimating the current size of the medical refrigerators market. Exhaustive secondary research was done to collect information on the medical refrigerators market, its peer markets, and its parent market. The next step was to validate these findings, assumptions, and sizing with the industry experts across the medical refrigerators value chain through primary research. Both top-down and bottom-up approaches were employed to estimate the complete market size. Thereafter, market breakdown and data triangulation were used to estimate the market size of segments and subsegments of the medical refrigerators market.

Secondary Research

As a part of the secondary research process, various secondary sources such as Hoovers, Bloomberg, BusinessWeek, and Dun & Bradstreet were referred to, for identifying and collecting information for this study. These secondary sources included annual reports, press releases & investor presentations of companies, white papers, certified publications, and articles by recognized authors, authenticated directories, and databases.

Secondary research was mainly conducted to obtain key information about the supply chain of the industry, the monetary chain of the market, the total pool of players, and market classification and segmentation according to industry trends to the bottom-most level, regional markets, and key developments undertaken from both the market and technology oriented perspectives.

Primary Research

The medical refrigerators market comprises several stakeholders, such as raw material suppliers, processors, end-product manufacturers, and regulatory organizations in the supply chain.

As a part of the primary research process, various primary sources from both the supply and demand sides were interviewed to obtain qualitative and quantitative information for this report on the medical refrigerators market. Primary sources from the supply side included industry experts, such as chief executive officers (CEOs), vice presidents, marketing directors, technology and innovation directors, and related key executives from various key companies and organizations operating in the medical refrigerators market. Primary sources from the demand side included directors, marketing heads, and purchase managers from various end-use industries. Following is the breakdown of the primary respondents.

Medical Refrigerators Market

To know about the assumptions considered for the study, download the pdf brochure

Market Size Estimation

Both top-down and bottom-up approaches were used to estimate and validate the total size of the medical refrigerators market. These methods were also used extensively to estimate the size of various segments and subsegments of the market. The research methodology used to estimate the market size includes the following:

  • The key players in the industry and markets were identified through extensive secondary research.
  • The industry’s supply chain and market size, in terms of value and volume, have been determined through primary and secondary research processes.
  • All percentage shares, splits, and breakdowns have been determined using secondary sources and verified through primary sources.

Data Triangulation

After arriving at the overall market size—using the market size estimation processes as explained above—the market was split into several segments and subsegments. In order to complete the overall market engineering process and arrive at the exact statistics of each market segment and subsegment, the data triangulation and market breakdown procedures were employed, wherever applicable. The data was triangulated by studying various factors and trends from both the demand and supply sides. In addition to this, the market size was validated using both top-down and bottom-up approaches.

Report Objectives

  • To define, segment, and project the global market size for medical refrigerators
  • To understand the structure of the medical refrigerators market by identifying its various subsegments
  • To provide detailed information regarding the major factors influencing the growth of the market (drivers, restraints, opportunities, and industry-specific challenges)
  • To analyze the micromarkets with respect to individual growth trends, future prospects, and their contribution to the total market
  • To project the size of the market and its submarkets, in terms of value, with respect to five regions, namely, North America, Asia Pacific, Europe, the Middle East & Africa, and South America (along with their respective key countries)
  • To profile the key players and comprehensively analyze their core competencies
  • To analyze the opportunities in the market for stakeholders and detail the competitive landscape for market leaders
  • To analyze the competitive developments, such as new product launches, expansions, mergers & acquisitions, new product developments, collaborations, partnerships, and agreements in the medical refrigerators market.

Available Customizations

With the given market data, MarketsandMarkets offers customizations according to the company’s specific needs.

The following customization options are available for the report:

Regional Analysis

  • Further breakdown of the Asia Pacific, North America, and the Middle East & Africa medical refrigerators markets

Product Analysis

  • Product matrix, which gives a detailed comparison of the product portfolio of each company

Company Information

  • Detailed analysis and profiles of additional market players (up to five)
Report Code
CH 7300
Published ON
Aug, 2019
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