Market Overview:
The Medical Refrigerators Market is estimated to reach a CAGR of 6.9% during the forecast period (2022-2029).
Medical fridges are refrigerators used for storing blood supply, its derivatives, laboratory samples, biological reagents, vaccines, drug treatments, and equipment at ideal temperatures in hospitals, blood banks, diagnostic centers, pharmacies, instructional establishments, research laboratories, and clinics. Significantly, scientific refrigerators also are used for vaccine storage. Medical fridges provide the most suitable conditions for the safe garage of those products.
The global medical fridges marketplace is growing due to several factors along with rising demand for medical refrigerators or the secure storage of blood & blood derivatives, vaccines, specimens, and medicinal drugs in hospitals, pharmacies, clinics, and diagnostic facilities. There is a developing call for refurbishing clinical equipment and novel technological advanced launches.
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Market Dynamics
Rising call for for safe garage of vaccines, medicines and many others. And diverse new innovative launces are anticipated to force market increase.
The marketplace is driven by way of the growing call for for scientific refrigerators or the secure storage of blood & blood derivatives, vaccines, specimens, and medicinal drugs in hospitals, pharmacies, clinics, and diagnostic centers. There is a growing demand for refurbishing the medical system.
The upward thrust within the novel and innovative scientific fridge shall stimulate the clinical refrigerators marketplace increase. For instance, in Mar 2021, Helmer Scientific introduced its launch of GX Solutions Laboratory and Plasma Freezers for vaccines, blood therapies and drugs. It is powered through Opticool technology and are 1st professional scientific grade feezers which can be specially developed for applications related to clinical healthcare via tempratue manage, much less electricity usage and noise reduction.
In 2019, Lec Medical released the release of Control Plus – a brand new variety of medical refrigeration that measures both the center temperature of the fridge, in addition to the vaccine itself. Control Plus is an advanced controller, with large inner capacities, and a flat door to keep valuable area. It functions an external digital controller and temperature display that has a easy operation at its coronary heart. It is designed for an expansion of places, from pharmacies and hospitals to laboratories and widespread practice.
Market Segmentation:
By Product Type
- Blood Bank Refrigerators & Plasma Freezers
- Laboratory Refrigerators & Freezers
- Pharmacy Refrigerators & Freezers
- Chromatography Refrigerators & Freezers
By Design Type
- Countertop Medical Refrigerator
- Undercounter Medical Refrigerator
- Flammable Material Storage Refrigerator
- Explosion-Proof Refrigerator
By Door Type
- Single Door
- Double Door
By End User
- Blood Banks
- Pharmaceutical Companies
- Hospitals & Pharmacies
- Research Institutes
Competitive Landscape:
The medical refrigerators market is highly competitive with the presence of several international and local market players. Product diversification, technological advancement, revenue generation, and opportunities intensify the market competition. Helmer Scientific, Vestfrost Solutions, Thermo Fisher Scientific Inc., Felix Storch, Inc., Philipp Kirsch GmbH, LEC Medical, and Zhongke Meiling Cryogenics Company Limited are the leading Market players with significant market share. Let Medical has won the ‘Most Valuable Equipment & Support’ Category at the 2017 Pharmacy MVP Awards.
Companies are using novel product launches, capacity utilization, technology advancement, new product development, and market expansion strategies for holding their position in the market. For instance, in Jan 2022, B medical System announced its huge investment for freezers and vaccine refrigerators and opening of a manufacturing facility in India.
In Jun 2021, Thermo Fisher Scientific launched the advanced TSX Series ULT Freezers that is the only system till now that offer exterior illumination option. It has frost management capability, in which a cabinet heater is provided that reduces the frost and increased wireless monitoring functionality that maintains optimal conditions.
Trending Topics:
Medical Refrigerators for Vaccine Storage Market
Blood Bank Refrigerators Market
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