The medical refrigerators market was valued at USD 3.5 Billion in 2020 and is projected to reach USD 4.9 Billion by 2026, at a CAGR of 6.0% during the forecast period. Medical refrigerators are heavy-duty refrigerators & freezers of various sizes and capacities that meet specific demands, and maintain medical equipment/specimens/vaccines/flammable chemicals at constant temperatures.
Some of the key market players in the medical refrigerators market include Thermo Fisher Scientific Inc. (US), Blue Star Limited (India), Haier Biomedical (China), Aucma (China), Standex International Corporation (US), Godrej & Boyce Manufacturing Co Ltd. (India), Helmer Scientific Inc. (US), Vestfrost Solutions (Denmark), Zhongke Meiling Cryogenics Company Limited (China), Fiochetti (Italy), PHC Holdings Corporation (Japan), Follett LLC (US), Labcold (UK), Dulas Ltd. (UK), HMG India (India). These players have adopted product launches, expansions, contract, partnerships, and agreements as their growth strategies to meet the growing demand for medical refrigerators.
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Thermo Fisher Scientific is one of the manufacturers of scientific instruments, consumables, and chemicals. The company provides medical refrigerators under its laboratory products and services business segment. In July 2018, Thermo Fisher Scientific developed a new series of TSG compact refrigerators to meet the needs of clinical laboratories and patient care facilities for cold storage equipment.
Another important player in the medical refrigerators market is Helmer Scientific Inc., which designs, integrates, manufactures, markets, and distributes specialized medical and laboratory equipment to clinical and life science customers across the globe. In August 2019, Helmer Scientific launched professional medical refrigerators with OptiCool cooling technology in its GX Solution Refrigerator line.
Medical Refrigerators Market by Type, End Use(Blood Banks, Pharmaceutical Companies, Hospital & Pharmacies, Research Institutes, Medical Laboratories, Diagnostic Centre), & Region(North America, Europe, APAC, MEA, South America) - Global Forecast to 2026
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