Global Medical and Lab Refrigerator Market (2019 to 2027) - COVID-19 Impact and Analysis

DUBLIN, July 14, 2020 /PRNewswire/ -- The "Medical and Lab Refrigerator Market Forecast to 2027 - COVID-19 Impact and Global Analysis by Product Type; End User; and Geography" report has been added to ResearchAndMarkets.com's offering.

The medical and lab refrigerator market was valued at US$ 2,267.9 million in 2019 and is projected to reach US$ 3,096.6 million by 2027; it is expected to grow at a CAGR of 3.9% from 2020 to 2027.

Medical refrigerators are designed to meet the temperature requirements for safe drug storage. Medical refrigerators are used to store vaccines, pharmaceuticals, chemotherapeutics, blood, plasma, and other samples that require tight temperature control. These are more reliable for the storage of medicinal products as they emit less heat and generate less sound. Rising occurrence of hematological disorders and an increment in the number of accidents have increased the need for plasma in plasma fractionation operations.

This has, in turn, led to an increase in the demand for plasma freezers and refrigerators at blood banks; thus, likely to drive the growth of the medical and lab refrigerator market during the forecast period. Furthermore, the increase in the occurrence of infectious and chronic diseases has led to increased supply of customized drugs owing to which medical and lab refrigerators are expected to gain traction during the coming years. It is also anticipated that product modernization and R&D activities in the region will boost business growth of the medical and lab refrigerator market.

The medical and lab refrigerator market is segmented based on product type and end user. Based on product type, the market is further segmented into blood bank refrigerators, laboratory refrigerators, pharmacy refrigerators, enzyme refrigerators, and others. Based on end user, the market is further bifurcated into blood banks, pharmaceutical companies, hospitals & pharmacies, research institutes, and others.

A few key players operating in the global medical and lab refrigerator market that are profiled in this market study include ZhongkeMeiling Cryogenics Company Limited, Felix Storch, Inc., Follett LLC, Helmer Scientific Inc., Haier Biomedical, Lec Medical, Philipp Kirsch GmbH, Thermo Fisher Scientific Inc., Vestfrost Solutions, and Blue Star Limited. These market players focus on both organic and inorganic growth strategies to survive in the competitive market.

Reasons to Buy:

• Highlights key business priorities in order to assist companies to realign their business strategies.
• The key findings and recommendations highlight crucial progressive industry trends in the medical and lab refrigerator market, thereby allowing players to develop effective long-term strategies.
• Develop/modify business expansion plans by using substantial growth offering developed and emerging markets.
• Scrutinize in-depth global market trends and outlook coupled with the factors driving the market, as well as those hindering it.
• Enhance the decision-making process by understanding the strategies that underpin commercial interest with respect technology and solution type.
  

Key Topics Covered:

1. Introduction
1.1 Study Scope
1.2 Report Guidance
1.3 Market Segmentation

2. Key Takeaways

3. Research Methodology
3.1 Coverage
3.2 Secondary Research
3.3 Primary Research

4. Medical and Lab Refrigerator Market Landscape
4.1 Market Overview
4.2 PEST Analysis
4.2.1 North America
4.2.2 Europe
4.2.3 Asia-Pacific
4.2.4 MEA
4.2.5 SAM
4.3 Ecosystem Analysis
4.4 Expert Opinion

5. Medical and Lab Refrigerator Market - Key Market Dynamics
5.1 Market Drivers
5.1.1 Growing Demand for Blood Storage Centers and Blood Banks
5.1.2 Increasing Number of Accidents, Surgery Interventions, and others
5.2 Market Restraints
5.2.1 Increasing Preference for Refurbished Equipment
5.3 Market Opportunities
5.3.1 Increasing Research & Development Investments in Medical Science By Government Organizations
5.4 Future Trends
5.4.1 Technological Advancements in Medical Refrigerators
5.5 Impact Analysis of Drivers and Restraints

6. Medical and Lab Refrigerator - Global Market Analysis
6.1 Medical and Lab Refrigerator Market Overview
6.2 Medical and Lab Refrigerator Market - Revenue, and Forecast to 2027 (US$ Million)
6.3 Market Positioning - Global Market Players Ranking

7. Medical and Lab Refrigerator Market Analysis - By Product Type
7.1 Overview
7.2 Medical and Lab Refrigerator Market, By Product Type (2019 and 2027)
7.3 Blood Bank Refrigerators
7.3.1 Overview
7.3.2 Blood Bank Refrigerators: Medical and Lab Refrigerator Market - Revenue, and Forecast to 2027 (US$ Million)
7.4 Laboratory Refrigerators
7.4.1 Overview
7.4.2 Laboratory Refrigerators: Medical and Lab Refrigerator Market - Revenue, and Forecast to 2027 (US$ Million)
7.5 Pharmacy Refrigerators
7.5.1 Overview
7.5.2 Pharmacy Refrigerators: Medical and Lab Refrigerator Market - Revenue, and Forecast to 2027 (US$ Million)
7.6 Enzyme Refrigerators
7.6.1 Overview
7.6.2 Enzyme Refrigerators: Medical and Lab Refrigerator Market - Revenue, and Forecast to 2027 (US$ Million)
7.7 Others
7.7.1 Overview
7.7.2 Others: Medical and Lab Refrigerator Market - Revenue, and Forecast to 2027 (US$ Million)

8. Medical and Lab Refrigerator Market Analysis - By End-user
8.1 Overview
8.2 Medical and Lab Refrigerator Market, By End-user (2019 and 2027)
8.3 Blood Bank
8.3.1 Overview
8.3.2 Blood Bank: Medical and Lab Refrigerator Market - Revenue, and Forecast to 2027 (US$ Million)
8.4 Pharmaceutical Companies
8.4.1 Overview
8.4.2 Pharmaceutical Companies: Medical and Lab Refrigerator Market - Revenue, and Forecast to 2027 (US$ Million)
8.5 Hospitals and Pharmacies
8.5.1 Overview
8.5.2 Hospitals and Pharmacies: Medical and Lab Refrigerator Market - Revenue, and Forecast to 2027 (US$ Million)
8.6 Research Institutes
8.6.1 Overview
8.6.2 Research Institutes: Medical and Lab Refrigerator Market - Revenue, and Forecast to 2027 (US$ Million)
8.7 Others
8.7.1 Overview
8.7.2 Others: Medical and Lab Refrigerator Market - Revenue, and Forecast to 2027 (US$ Million)

9. Medical and Lab Refrigerator Market - Geographic Analysis
9.1 Overview
9.2 North America: Medical and Lab Refrigerator Market
9.3 Europe: Medical and Lab Refrigerator Market
9.4 Asia-Pacific: Medical and Lab Refrigerator Market
9.5 Middle East & Africa: Medical and Lab Refrigerator Market
9.6 South America: Medical and Lab Refrigerator Market

10. Impact of COVID-19 Pandemic on Global Medical and Lab Refrigerator Market
10.1 North America: Impact Assessment of COVID-19 Pandemic
10.2 Europe: Impact Assessment of COVID-19 Pandemic
10.3 Asia-Pacific: Impact Assessment of COVID-19 Pandemic
10.4 Middle East & Africa: Impact assessment of COVID-19 Pandemic
10.5 South Africa: Impact assessment of COVID-19 Pandemic

11. Industry Landscape
11.1 Overview
11.2 Market Initiative
11.3 New Product Development
11.4 Merger and Acquisition

12. Key Company Profiles
12.1 ZhongkeMeiling Cryogenics Company Limited
12.1.1 Key Facts
12.1.2 Business Description
12.1.3 Products and Services
12.1.4 Financial Overview
12.1.5 SWOT Analysis
12.1.6 Key Developments
12.2 Felix Storch, Inc.
12.3 Follett LLC
12.4 Helmer Scientific Inc.
12.5 Haier Biomedical
12.6 Lec Medical
12.7 Philipp Kirsch GmbH
12.8 Thermo Fisher Scientific Inc.
12.9 Vestfrost Solutions
12.10 Blue Star Limited

13. Appendix
13.1 About the Publisher
13.2 Word Index

For more information about this report visit https://www.researchandmarkets.com/r/553f97

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