A new Report by Delvens, titled "Medical Refrigerators Market” offers a comprehensive analysis of the industry, which comprises insights on the Global analysis. The report also includes competitor and regional analysis, and contemporary advancements in the market.
The global Medical Refrigerators Market is projected to reach US$ 5,050.93 million by 2028 from US$ 3,397.48 million in 2021. It is expected to grow at a CAGR of 5.8% to 2028.
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Biomedical refrigerators are medical equipment that are used to store a variety of samples of biological origin such as blood, derivatives of blood, biological reagents, vaccines, medicines, flammable chemicals, ribonucleic acid (RBA), and deoxyribonucleic acid (DNA).
Key Players of Medical Refrigerators Market:
· 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 and More
Medical Refrigerators Market by Product Type, End Use (Blood Banks, Pharmaceutical Companies, Hospitals, & Pharmacies, Research Institutes, Medical Laboratories, and Diagnostic Centers), Region (North America, Europe, Asia-Pacific, Middle East and Africa and South America) and Forecast
Surging demand for the safe storage of blood and blood derivatives from hospitals, pharmacies, clinics, and diagnostic centers are some of the factors that have supported long-term expansion for Medical Refrigerators Market.
Regional Analysis
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.
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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.
Reasons to Acquire
· Increase your understanding of the market for identifying the best and suitable strategies and decisions on the basis of sales or revenue fluctuations in terms of volume and value, distribution chain analysis, market trends and factors
· Gain authentic and granular data access for Medical Refrigerators Market so as to understand the trends and the factors involved behind changing market situations
· Qualitative and quantitative data utilization to discover arrays of future growth from the market trends of leaders to market visionaries and then recognize the significant areas to compete in the future
· In-depth analysis of the changing trends of the market by visualizing the historic and forecast year growth patterns
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In addition to the market data for Medical Refrigerators Market, Delvens offers client-centric report and customized according to the company’s specific demand and requirement.
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