Medical Refrigerators Global Market Report 2022: Industry to Reach $5.23 Billion by 2026 on the Back of High Demand for Biological Materials

December 21, 2022

Dublin, Dec. 21, 2022 (GLOBE NEWSWIRE) -- The "Medical Refrigerators Global Market Report 2022" report has been added to's offering.The global medical refrigerators market is expected to grow from $3.88 billion in 2021 to $4.12 billion in 2022 at a compound annual growth rate (CAGR) of 6.1%. The medical refrigerators market is expected to grow to $5.23 billion in 2026 at a CAGR of 6.2%.North America was the largest region in the medical refrigerators market in 2021. The regions covered in the medical refrigerators market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, and Africa.The rising demand for storing biological products, blood samples, blood reagents, vaccines, DNA samples, and other chemicals is propelling the growth of the medical refrigerator market. The increased demand for biologic products is driven by an increase in the demand for donated blood, an increase in the number of blood donors worldwide, and an increase in the prevalence of infectious illnesses. These products require a constant temperature to preserve and increase their life span to keep them long-lasting. This requirement is fulfilled by the medical refrigerators that can store these products at as low as minus 80-degree Celsius. According to the report published by the World Health Organization, a specialized agency of the United Nations responsible for international public health, in 2020, 118.5 million blood donations were obtained globally. In low-income nations, children under the age of five account for up to 54% of all blood transfusions, but in high-income countries, the most frequently transfused patient group is over 60 years old, accounting for up to 75% of all transfusions. Thus, the high demand for biological materials such as blood samples, DNA samples, and vaccines, among others is expected to support the growth of medical refrigerators during the forecast period.Technological advancements are shaping the medical refrigerator market. Many companies are developing new technologies for medical refrigerators for storing medicines and blood to help the medical industry enhance their storing ability and use products in long run. In 2019, Helmer Scientific, a US-based cold storage and processing equipment company launched professional medical refrigerators with OptiCool cooling technology in its GX Solution Refrigerator line. GX Solutions are optimal temperature management (uniformity, recovery, and stability), noise management, and energy management solutions for special vital healthcare applications. GX Solutions is powered by OptiCoolTM cooling technology, which combines a variable-capacity compressor (VCC) with hydrocarbons (HC) to produce performance characteristics that provide a better storage environment, lower energy use, and enhance environmental sustainability.Reasons to Purchase Gain a truly global perspective with the most comprehensive report available on this market covering 12+ geographies.Understand how the market is being affected by the coronavirus and how it is likely to emerge and grow as the impact of the virus abates.Create regional and country strategies on the basis of local data and analysis.Identify growth segments for investment.Outperform competitors using forecast data and the drivers and trends shaping the market.Understand customers based on the latest market research findings.Benchmark performance against key competitors.Utilize the relationships between key data sets for superior strategizing.Suitable for supporting your internal and external presentations with reliable high quality data and analysis Report AttributeDetailsNo. of Pages175Forecast Period2022 - 2026Estimated Market Value (USD) in 2022$4.12 billionForecasted Market Value (USD) by 2026$5.23 billionCompound Annual Growth Rate6.1%Regions CoveredGlobal ScopeMarkets Covered:1) By Product Type: Blood Bank Refrigerator And Plasma Freezer; Laboratory Refrigerator And Freezer; Pharmacy Refrigerator And Freezer; Chromatography Refrigerator And Freezer; Enzyme Refrigerator And Freezer; Ultra-Low-Temperature freezers; Cryogenic Storage Systems2) By Design Type: Explosive-Proof Refirgerators; Undercounter Medical Refrigerators; Countertop Medical Refrigerators; Flammable Material Storage Refrigerators3) By Temperature Control Range: Between 2C and 8C; Between 0C and -40C; and Under -40C4) By Volume: Below 50 Litres; 50-200 Litres; 200-400 Litres; 400-600 Litres; More Than 600 Litres5) By End-User: Blood Banks; Pharmaceutical Companies; Hospital and Pharmacies; Research Institutes; Medical And Diagnostic CentresKey Topics Covered: 1. Executive Summary2. Medical Refrigerators Market Characteristics3. Medical Refrigerators Market Trends And Strategies4. Impact Of COVID-19 On Medical Refrigerators5. Medical Refrigerators Market Size And Growth6. Medical Refrigerators Market Segmentation 7. Medical Refrigerators Market Regional And Country Analysis8. Asia-Pacific Medical Refrigerators Market9. China Medical Refrigerators Market10. India Medical Refrigerators Market11. Japan Medical Refrigerators Market12. Australia Medical Refrigerators Market13. Indonesia Medical Refrigerators Market14. South Korea Medical Refrigerators Market15. Western Europe Medical Refrigerators Market16. UK Medical Refrigerators Market17. Germany Medical Refrigerators Market18. France Medical Refrigerators Market19. Eastern Europe Medical Refrigerators Market20. Russia Medical Refrigerators Market21. North America Medical Refrigerators Market22. USA Medical Refrigerators Market23. South America Medical Refrigerators Market24. Brazil Medical Refrigerators Market25. Middle East Medical Refrigerators Market26. Africa Medical Refrigerators Market 27. Medical Refrigerators Market Competitive Landscape And Company Profiles28. Key Mergers And Acquisitions In The Medical Refrigerators Market29. Medical Refrigerators Market Future Outlook and Potential Analysis30. AppendixCompanies Mentioned Thermo Fisher Scientific Inc.Blue Star LimitedHaier BiomedicalHelmer Scientific Inc.Vestfrost SolutionsZhongke Meiling Cyrogenics Company LimitedPhilips Kirsch GmbHLEC MedicalPanasonicFroilabo SASLabRepCo LLCAucmaStandex International CorporationGodrej GroupFiochettiPHC Holdings CorporationFollett LLCLabcoldDulas Ltd.HMG IndiaFelix Storch Inc.SO-LOWIndrelEppendorf AGMigali Scientific For more information about this report visit

Global Medical Refrigerators Market

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