BMI RD
Product Type (Blood Bank Refrigerators, Laboratory Refrigerators, Pharmacy Refrigerators, Enzyme Refrigerators, Others); End User (Blood Banks, Pharmaceutical Companies, Hospitals and Pharmacies, Research Institutes, Others), and Country
Pages: 164
Market Introduction
This research report provides insights into the global Medical and Lab Refrigerator market. 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 products for the storage of medicinal products as they emit less heat and less sound into the room.
Market Overview and Dynamics
The North America Medical and Lab Refrigerator is expected to reach US$ 647.19 million in 2027 from US$ 497.92 million in 2019; it is estimated to grow at a CAGR of 3.3% from 2020 to 2027. 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. In return, this requirement has led to an increase in requirements for plasma freezers and refrigerators at the blood bank. These features are boosting demand for blood bank development worldwide. Thus, driving demand for refrigerators for medical and laboratory use.
Key Market Segments
In terms of product type, the blood bank refrigerator segment held the largest share of the market in 2019; and also is anticipated to register the highest CAGR in the market during the forecast period. The increasing number of road accidents worldwide is one of the significant factors propelling the demand for blood from blood banks and thus increasing the market for blood bank refrigerators. In terms of end use, the pharmaceuticals companies segment held a larger share of the market in 2019 and also is estimated to register a higher market share in the market during the forecast period
Major Sources and Companies Listed
The World Health Organization (WHO), Food and Drug Administration (FDA), Centers for Disease Control and Prevention (CDC), and Canadian MedTech Manufacturers’ Alliance are some of the major primary and secondary sources for the North America Medical and Lab Refrigerator market included in the report.
Reasons to buy the report
North America Medical and Lab Refrigerator Market Segmentation
Company Profiles
| Report Attribute | Details |
|---|---|
| Market size in 2019 | US$ 497.92 Million |
| Market Size by 2027 | US$ 647.19 Million |
| CAGR (2020 - 2027) | 3.3% |
| Historical Data | 2017-2018 |
| Forecast period | 2020-2027 |
| Segments Covered |
By Product Type
|
| Regions and Countries Covered |
North America
|
| Market leaders and key company profiles |
|
The North America Medical and Lab Refrigerator Market is valued at US$ 497.92 Million in 2019, it is projected to reach US$ 647.19 Million by 2027.
As per our report North America Medical and Lab Refrigerator Market, the market size is valued at US$ 497.92 Million in 2019, projecting it to reach US$ 647.19 Million by 2027. This translates to a CAGR of approximately 3.3% during the forecast period.
The North America Medical and Lab Refrigerator Market report typically cover these key segments-
The historic period, base year, and forecast period can vary slightly depending on the specific market research report. However, for the North America Medical and Lab Refrigerator Market report:
The North America Medical and Lab Refrigerator Market is populated by several key players, each contributing to its growth and innovation. Some of the major players include:
The North America Medical and Lab Refrigerator Market report is valuable for diverse stakeholders, including:
Essentially, anyone involved in or considering involvement in the North America Medical and Lab Refrigerator Market value chain can benefit from the information contained in a comprehensive market report.
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