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% from 2021 to 2028.
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).
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.
The COVID-19 outbreak has intensified due to its mode of transmission. The demand for medical refrigerators has increased globally owing to launch of COVID-19 vaccines and roll out of the vaccination programs in many countries. to cater to high demand many players have ramped up their production.
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.
Insights are provided for each region and major countries within the regions
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Report Feature |
Descriptions |
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Market Revenue In 2021 |
USD 3,397.48 million |
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Growth Rate |
CAGR of 5.8% during the forecasting period, 2021-2028 |
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Historical Data |
2018-2019 |
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Forecast Years |
2021-2028 |
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Base Year |
2020 |
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Units Considered |
Revenue in USD million and CAGR from 2021 to 2028 |
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Report Segmentation |
Product type, end user and geography. |
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Report Attribute |
Market Revenue Sizing (Global, Regional and Country Level) Company Share Analysis, Market Dynamics, Company Profiling |
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Regional Level Scope |
North America, Europe, Asia-Pacific, South America, and Middle East and Africa |
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Country Level Scope |
U.S., Japan, Germany, U.K., China, India, Brazil, UAE, South Africa (50+ Countries Across the Globe) |
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Companies Profiled |
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, and Lec Medical. |
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Available Customization |
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. |
Medical Refrigerators Market is segmented into product type, end use, and region.
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