Medical Refrigerators are used in biotechnology and medical laboratories as part of advanced medical treatment. These kinds of apparatus are very rarely designed for efficient cold storage of frozen or solidified medicines, chemicals used as part of molecular biology, RN, DNA, and other life-saving drugs. Hence these appliances are highly-priced but are highly useful. Medical Refrigerators are used to maintain the quality of frozen samples at very low temperatures. A wide range of sample storage and retrieval methods are available in various markets. These refrigeration systems have an integrated design for energy efficiency. A wide range of temperatures is also achieved with the help of medical refrigerators. This equipment helps to conserve energy in laboratories by ensuring the stable storage and retrieval of biological samples at the desired temperature.
The global medical refrigerator market focuses on six regions, such as North America, Asia Pacific, South America, Europe, the Middle East, and Africa.
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Drivers:
The increasing incidence of patient care facilities such as hospitals in the world is expected to fuel the growth of the global medical refrigerator market over the forecast period. For instance, according to International Hospital Federation, in 2019, there were around 8,300 hospitals in Japan. Medical refrigerators are mainly used for the storage of biological samples and/or for the preparation of new samples. It is a versatile machine with a large freezer, swing top door, and temperature control dial. Biomedical Refrigerators can be used to preserve different types of life-saving drugs, human cell samples, and various biological components like cells, tissues, proteins, viruses, etc. The increasing product launched by key players in the market is estimated to enhance the growth of the global medical refrigerator market
Restraints:
The high cost of medical refrigerators is expected to hinder the growth of the global medical refrigerator market.
Regional Insights:
North America is expected to dominate the growth of the global medical refrigerator market, owing to the increasing prevalence of hospitals in the region. For instance, according to the American Hospital Association, currently, there are around 6093 hospitals in the United States.
The Asia Pacific is estimated to witness significant growth in the global medical refrigerator market owing to increasing investments in advanced healthcare equipment. Moreover, a high number of health issues and prevalence of patient care units are assessed to drive the growth of the global medical refrigerator market.
Competitive Section:
Key players operating in the global medical refrigerator market include LEC Medical, Philipp Krisch GMBH, Bioline Technologies, Tritec, Carelab Technology, Indrel Scientific, TempArmour Refrigeration, So-Low Environmental Equipment, Migali, Felix Storch, Inc., HMG India, Dulas Ltd., Labcold, Follett LLC, PHC Holdings Corporation, Fiochetti, Zhongke Meiling Cryogenics Company Limited, Vestfrost Solutions, Helmer Scientific Inc., Godrej & Boyce Manufacturing Co Ltd., Standex International Corporation, Aucma, Haier Biomedical, Blue Star Limited, and Thermo Fisher Scientific Inc.
In August 2019, Helmer Scientific introduced a new medical refrigerator with OptiCool cooling technology.
In July 2018, Thermo Fisher Scientific launched a new series of the TSG compact refrigerators, in order to meet the requirements of patient care facilities and clinical laboratories.
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