South and Central America Medical and Lab Refrigerator Market Forecast to 2027 - COVID-19 Impact and Regional Analysis by 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 Geography
Market Introduction
This research report provides insights into the South & Central America 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.
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Market Overview and Dynamics
The South & Central America Medical and Lab Refrigerator is expected to reach US$ 238.44 million in 2027 from US$ 192.89 million in 2019; it is estimated to grow at a CAGR of 2.7% from 2020 to 2027. The South & Central America region is witnessing significant growth in its healthcare sector. Factors including urbanization, aging population, and increasing incidences of chronic diseases have resulted in influencing the growth of the market.
Several international corporations are trying to expand their presence in the growing SAM pharmaceutical market. It is due to the availability of skilled and cheap labor, big government coverage in medicines, the boom in generics, and weak patent control (currently more sophisticated as well as regularized). Though the robust local pharmaceutical industry has competed with large conglomerates for several years, and in numerous cases local companies formed regional groups of companies.
The biosimilar manufacturing industry in the region is flourishing, owing to the robust presence of its own R&D, manufacturing, and commercialization capacity. Argentina and Brazil are the most prominent biosimilar manufacturing countries in the region. Though attributed to its huge population and market magnitude, Brazil is leading the biosimilar process.
Also, several emerging economies in the region are experiencing growth in its population and rapid urbanization, which has resulted in increased investments in the healthcare industry. The rise in the number of hospitals, pharmacies, and laboratories, is expected to positively influence the adoption of medical and lab refrigerators in the region.
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), are some of the major primary and secondary sources for the South & Central America Medical and Lab Refrigerator market included in the report.
Reasons to buy the report
- To understand the South & Central America Medical and Lab Refrigerator market landscape and identify market segments that are most likely to guarantee a strong return
- Stay ahead of the race by comprehending the ever-changing competitive landscape for the South & Central America Medical and Lab Refrigerator market
- Efficiently plan M&A and partnership deals in the South & Central America Medical and Lab Refrigerator market by identifying market segments with the most promising probable sales
- Helps to take knowledgeable business decisions from perceptive and comprehensive analysis of market performance of various segment form the South & Central America Medical and Lab Refrigerator market
- Obtain market revenue forecast for market by various segments from 2019 to 2027 in the region
South & Central America Medical and Lab Refrigerator Market Segmentation
- Blood Bank Refrigerators
- Laboratory Refrigerators
- Pharmacy Refrigerators
- Enzyme Refrigerators
- Others
- Blood Banks
- Pharmaceutical Companies
- Hospitals and Pharmacies
- Research Institutes
- Others
Company Profiles
- 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
- Blue Star Limited
1. Introduction
1.1 Study Scope
1.2 The Insight Partners Research 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 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 – SCAM Market Analysis
6.1 Medical and Lab Refrigerator Market Overview
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 South America: Medical and Lab Refrigerator Market
9.1.1 South America: Medical and Lab Refrigerator Market – Revenue, and Forecast to 2027 (US$ Million)
9.1.2 South America: Medical and Lab Refrigerator Market, by Product Type
9.1.3 South America: Medical and Lab Refrigerator Market, by End-user
9.1.4 South America: Medical and Lab Refrigerator Market, by Key Country
9.1.4.1 Brazil: Medical and Lab Refrigerator Market – Revenue, and Forecast to 2027 (US$ Million)
9.1.4.1.1 Brazil: Medical and Lab Refrigerator Market, by Product Type
9.1.4.1.2 Brazil: Medical and Lab Refrigerator Market, by End-user
9.1.4.2 Argentina: Medical and Lab Refrigerator Market – Revenue, and Forecast to 2027 (US$ Million)
9.1.4.2.1 Argentina: Medical and Lab Refrigerator Market, by Product Type
9.1.4.2.2 Argentina: Medical and Lab Refrigerator Market, by End-user
9.1.4.3 Rest of SAM: Medical and Lab Refrigerator Market – Revenue, and Forecast to 2027 (US$ Million)
9.1.4.3.1 Rest of SAM: Medical and Lab Refrigerator Market, by Product Type
9.1.4.3.2 Rest of SAM: Medical and Lab Refrigerator Market, by End-user
10. Impact of COVID-19 Pandemic on SCAM Medical and Lab Refrigerator Market
10.1 South Africa: Impact assessment of COVID-19 Pandemic
11. Key Company Profiles
11.1 ZhongkeMeiling Cryogenics Company Limited
11.1.1 Key Facts
11.1.2 Business Description
11.1.3 Products and Services
11.1.4 Financial Overview
11.1.5 SWOT Analysis
11.1.6 Key Developments
11.2 Felix Storch, Inc.
11.2.1 Key Facts
11.2.2 Business Description
11.2.3 Products and Services
11.2.4 Financial Overview
11.2.5 SWOT Analysis
11.2.6 Key Developments
11.3 Follett LLC
11.3.1 Key Facts
11.3.2 Business Description
11.3.3 Products and Services
11.3.4 Financial Overview
11.3.5 SWOT Analysis
11.3.6 Key Developments
11.4 Helmer Scientific Inc.
11.4.1 Key Facts
11.4.2 Business Description
11.4.3 Products and Services
11.4.4 Financial Overview
11.4.5 SWOT Analysis
11.4.6 Key Developments
11.5 Haier Biomedical
11.5.1 Key Facts
11.5.2 Business Description
11.5.3 Products and Services
11.5.4 Financial Overview
11.5.5 SWOT Analysis
11.5.6 Key Developments
11.6 Lec Medical
11.6.1 Key Facts
11.6.2 Business Description
11.6.3 Products and Services
11.6.4 Financial Overview
11.6.5 SWOT Analysis
11.6.6 Key Developments
11.7 Philipp Kirsch GmbH
11.7.1 Key Facts
11.7.2 Business Description
11.7.3 Products and Services
11.7.4 Financial Overview
11.7.5 SWOT Analysis
11.7.6 Key Developments
11.8 Thermo Fisher Scientific Inc.
11.8.1 Key Facts
11.8.2 Business Description
11.8.3 Products and Services
11.8.4 Financial Overview
11.8.5 SWOT Analysis
11.8.6 Key Developments
11.9 Vestfrost Solutions
11.9.1 Key Facts
11.9.2 Business Description
11.9.3 Products and Services
11.9.4 Financial Overview
11.9.5 SWOT Analysis
11.9.6 Key Developments
11.10 Blue Star Limited
11.10.1 Key Facts
11.10.2 Business Description
11.10.3 Products and Services
11.10.4 Financial Overview
11.10.5 SWOT Analysis
11.10.6 Key Developments
12. Appendix
12.1 About The Insight Partners
12.2 Word Index
LIST OF TABLES
Table 1. South America: Medical and Lab Refrigerator Market, by Product Type – Revenue and Forecast to 2027 (US$ Million)
Table 2. South America: Medical and Lab Refrigerator Market, by Product Type – Revenue and Forecast to 2027 (US$ Million)
Table 3. Brazil: Medical and Lab Refrigerator Market, by Product Type –Revenue and Forecast to 2027 (US$ Million)
Table 4. Brazil: Medical and Lab Refrigerator Market, by End-user –Revenue and Forecast to 2027 (US$ Million)
Table 5. Argentina: Medical and Lab Refrigerator Market, by Product Type –Revenue and Forecast to 2027 (US$ Million)
Table 6. Argentina: Medical and Lab Refrigerator Market, by End-user –Revenue and Forecast to 2027 (US$ Million)
Table 7. Rest of SAM: Medical and Lab Refrigerator Market, by Product Type –Revenue and Forecast to 2027 (US$ Million)
Table 8. Rest of SAM: Medical and Lab Refrigerator Market, by End-user –Revenue and Forecast to 2027 (US$ Million)
Table 9. List of Abbreviation
LIST OF FIGURES
Figure 1. Medical and Lab Refrigerator Market Segmentation
Figure 2. Medical and Lab Refrigerator Market Segmentation – By Geography
Figure 3. SCAM Medical and Lab Refrigerator Market Overview
Figure 4. SCAM Medical and Lab Refrigerator Market – Strategy Analysis
Figure 5. SCAM Medical and Lab Refrigerator Market – Product Type Analysis
Figure 6. SCAM Medical and Lab Refrigerator Market – End-user Analysis
Figure 7. SAM– PEST Analysis
Figure 8. Medical and Lab Refrigerator Market – Ecosystem Analysis
Figure 9. Expert Opinion
Figure 10. Medical and Lab Refrigerator Market Impact Analysis of Drivers and Restraints
Figure 11. Medical and Lab Refrigerator Market Revenue Share, by Product Type (2019 and 2027)
Figure 12. Blood Bank Refrigerators: Medical and Lab Refrigerator Market – Revenue, and Forecast to 2027 (US$ Million)
Figure 13. Laboratory Refrigerators: Medical and Lab Refrigerator Market – Revenue, and Forecast to 2027 (US$ Million)
Figure 14. Pharmacy Refrigerators: Medical and Lab Refrigerator Market – Revenue, and Forecast to 2027 (US$ Million)
Figure 15. Enzyme Refrigerators: Medical and Lab Refrigerator Market – Revenue, and Forecast to 2027 (US$ Million)
Figure 16. Others: Medical and Lab Refrigerator Market – Revenue, and Forecast to 2027 (US$ Million)
Figure 17. Medical and Lab Refrigerator Market Revenue Share, by End-user (2019 and 2027)
Figure 18. Blood Bank: Medical and Lab Refrigerator Market – Revenue, and Forecast to 2027 (US$ Million)
Figure 19. Pharmaceutical Companies: Medical and Lab Refrigerator Market – Revenue, and Forecast to 2027 (US$ Million)
Figure 20. Hospitals and Pharmacies: Medical and Lab Refrigerator Market – Revenue, and Forecast to 2027 (US$ Million)
Figure 21. Research Institutes: Medical and Lab Refrigerator Market – Revenue, and Forecast to 2027 (US$ Million)
Figure 22. Others: Medical and Lab Refrigerator Market – Revenue, and Forecast to 2027 (US$ Million)
Figure 23. South America: Medical and Lab Refrigerator Market – Revenue and Forecast to 2027 (US$ Million)
Figure 24. South America: Medical and Lab Refrigerator Market Revenue Share, by Product Type (2019 and 2027)
Figure 25. South America: Medical and Lab Refrigerator Market Revenue Share, by End-user (2019 and 2027)
Figure 26. South America: Medical and Lab Refrigerator Market Revenue Share, by Key Country (2019 and 2027)
Figure 27. Brazil: Medical and Lab Refrigerator Market – Revenue, and Forecast to 2027 (US$ Million)
Figure 28. Argentina: Medical and Lab Refrigerator Market – Revenue, and Forecast to 2027 (US$ Million)
Figure 29. Rest of SAM: Medical and Lab Refrigerator Market – Revenue, and Forecast to 2027 (US$ Million)
Figure 30. Impact of COVID-19 Pandemic in South Africa Markets
The List of Companies - South and Central America Medical and Lab Refrigerator Market
- 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
- Blue Star Limited
- To understand the South & Central America Medical and Lab Refrigerator market landscape and identify market segments that are most likely to guarantee a strong return
- Stay ahead of the race by comprehending the ever-changing competitive landscape for the South & Central America Medical and Lab Refrigerator market
- Efficiently plan M&A and partnership deals in the South & Central America Medical and Lab Refrigerator market by identifying market segments with the most promising probable sales
- Helps to take knowledgeable business decisions from perceptive and comprehensive analysis of market performance of various segment form the South & Central America Medical and Lab Refrigerator market
- Obtain market revenue forecast for market by various segments from 2019 to 2027 in the region