Lucintel Forecasts Medical Refrigerator Market to Reach $XX Billion by 2028

Market-Research

According to the recent study the medical refrigerator market is projected to reach an estimated $XX billion by 2028 from $XX billion in 2023, at a CAGR of 6% to 8% from 2023 to 2028. Growth in this market is primarily driven by increasing demand for blood storage and blood bank centers, growing R&D activities to introduce new drug compounds, and rising prevalence of chronic diseases.

Browse XX figures / charts and XX tables in this 150 -page report to understand trends, opportunities and forecast in medical refrigerator market by product type (blood bank refrigerator & plasma freezer, laboratory refrigerator & freezer, pharmacy refrigerator & freezer, chromatography refrigerator & freezer, enzyme refrigerator & freezer, ultra-low-temperature freezers, and cryogenic storage systems), end use industry(blood banks, pharmaceutical companies, hospital & pharmacies, research institutes, medical laboratories, and diagnostic centers), and region (North America, Europe, Asia Pacific, and the Rest of the World).

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“Ultra-low-temperature freezer market is expected to remain the largest segment during the forecast period.”

Based on product type, the medical refrigerator market is segmented into blood bank refrigerator & plasma freezer, laboratory refrigerator & freezer, pharmacy refrigerator & freezer, chromatography refrigerator & freezer, enzyme refrigerator & freezer, ultra-low-temperature freezers, and cryogenic storage systems. Lucintel forecasts that the ultra-low-temperature freezer market is expected to remain the largest segment due to because it is used for long-term storage in laboratories, universities, hospitals, or scientific research facilities, advancements in drug discovery and development, as well as an increase in genomics research activities.

“Within the medical refrigerator market, the blood banks segment is expected to remain the largest end use industry”

Based on end use industry the blood banks segment is expected to witness the highest growth over the forecast period due to increase in demand for blood due to prevalence of hematological diseases and increasing number of accidents.

“Asia pacific will dominate the medical refrigerator market in near future”

APAC will remain the fastest growing region due to increasing number of medical safety, aging population, and awareness of people's health and hygiene in the region.

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Major players of medical refrigerator market are adopting various growth strategies like new product launches, expansions, merger and acquisitions, partnerships, agreements, and collaborations to expand their presence in this market. Aucma, Blue Star Limited, Dulas Ltd., Follett LLC, Haier Biomedical, Helmer Scientific Inc., HMG India., Standex International Corporation., Thermo Fisher Scientific Inc., and Vest frost Solutions are among the major medical refrigerator providers.

This unique research report will enable you to make confident business decisions in this globally competitive marketplace. For a detailed table of contents, contact Lucintel at +1-972-636-5056 or click on this link https://www.lucintel.com/medical-refrigerator-market.aspx or helpdesk@lucintel.com

About Lucintel

At Lucintel, we offer solutions for you growth through game changer ideas and robust market & unmet needs analysis. We are based in Dallas, TX and have been a trusted advisor for 1,000+ clients for over 20 years. We are quoted in several publications like the Wall Street Journal, ZACKS, and the Financial Times. For further information, visit www.lucintel.com

Contact:
Brandon Fitzgerald
Lucintel
Dallas, Texas, USA
Email: brandon.fitzgerald@lucintel.com
Tel. 972.636.5056
Cell: 303.775.0751

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