Global Medical Refrigerators Market To Reach And Surpass USD 7.08 Billion By 2032

Zion Market Research predicts that the Medical Refrigerators Market is anticipated to develop to USD 7.08 Billion by 2032 from USD 4.07 billion in 2023 with a CAGR of 6.48% in the forecast period. Increasing requirements for the secure storage of blood and blood derivatives from pharmacies, hospitals, diagnostic centers, and clinics are powering the development of the global market all over the world. The increasing funding by the government in medical research along with the pharmaceuticals sector is projected to further increase the requirement for medical freezers and refrigerators.

Major players in the global market comprise Blue Star Limited, Thermo Fisher Scientific Inc., Vestfrost Solutions, Helmer Scientific, Philipp Kirsch GmbH, Felix Storch, Inc., Follett LLC, Haier Biomedical, LEC Medical, PHC Holdings Corporation, and Zhongke Meiling Cryogenics Company Limited.

The Medical Refrigerators Market’s Blood Banks Segment Expected To Grow With The Maximum CAGR In Terms Of Both Volume And Value

Rising occurrence of hematological disorders and an increment in the number of accidents have increased the requirement for plasma for employment in plasma fractionation operations. This requirement has, in return, led to the rise in requirement for plasma freezers and blood bank refrigerators. These features are boosting the development of the blood banks section of the global market all over the world.

The Blood Bank Refrigerators & Plasma Freezers Segment Expected To Develop At The Uppermost Rate In The Forecast Period

The global medical refrigerators market, on the basis of product type, has been divided into laboratory refrigerators & freezers, chromatography refrigerators & freezers, blood bank refrigerators & plasma freezers, ultra-low-temperature freezers, pharmacy refrigerators & freezers, cryogenic storage systems, and enzyme refrigerators & freezers. The blood bank refrigerators & plasma freezers section is predicted to top the global market in the forecast period in terms of both volume as well as value. This section is also predicted to see an elevated CAGR as compared to the other sections, in terms of both volume and value, from 2024 to 2032. The increasing demand for the secure storage of plasma and blood units from pharmacies, hospitals, diagnostic centers, and clinics is predicted to power the development of this segment.

North America Expected To Top The Global Medical Refrigerators Market From 2024 To 2032

The North American area is predicted to be the biggest market for the global market. Canada, the US, and Mexico are the primary users of medical refrigerators in this area. The rising prevalence of infectious and chronic diseases, increasing R&D activities for the cure of diseases, and the replacement of ancient medical refrigerators with more advanced and latest energy-efficient cold storage machines are powering the development of the global medical refrigerators market in this area.

Browse the full “Medical Refrigerators Market By Product Type (Blood Bank Refrigerators & Plasma Freezers, Laboratory Refrigerators & Freezers, Pharmacy Refrigerators & Freezers, Chromatography Refrigerators & Freezers, Enzyme Refrigerators & Freezers, Ultra-Low-Temperature Freezers, Cryogenic Storage Systems), By End Use (Blood Banks, Pharmaceutical Companies, Hospitals & Pharmacies, Research Institutes, Medical Laboratories, Diagnostic Centers), Region - Global Industry Perspective, Comprehensive Analysis, And Forecast, 2024 - 2032” Report at https://www.zionmarketresearch.com/report/medical-refrigerators-market

The global medical refrigerators market is segmented as follows:

By Product Type

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

By End Use

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

By Region

• North America
  • The U.S.
  • Canada
• Europe
  • France
  • The UK
  • Spain
  • Germany
  • Italy
  • Rest of Europe
• Asia Pacific
  • China
  • Japan
  • India
  • South Korea
  • Southeast Asia
  • Rest of Asia Pacific
• Latin America
  • Brazil
  • Mexico
  • Rest of Latin America
• Middle East & Africa
  • GCC
  • South Africa
  • Rest of the Middle East & Africa

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