Global Medical Refrigerators Market to Reach $7.1 Billion by 2030
The global market for Medical Refrigerators estimated at US$3.8 Billion in the year 2022, is projected to reach a revised size of US$7.1 Billion by 2030, growing at a CAGR of 8% over the analysis period 2022-2030. Blood Bank Refrigerator & Plasma Freezer, one of the segments analyzed in the report, is projected to record 9.7% CAGR and reach US$2.6 Billion by the end of the analysis period. Taking into account the ongoing post pandemic recovery, growth in the Laboratory Refrigerator & Freezer segment is readjusted to a revised 7.3% CAGR for the next 8-year period.The U.S. Market is Estimated at $1 Billion, While China is Forecast to Grow at 13.4% CAGR
The Medical Refrigerators market in the U.S. is estimated at US$1 Billion in the year 2022. China, the world's second largest economy, is forecast to reach a projected market size of US$1.7 Billion by the year 2030 trailing a CAGR of 13.4% over the analysis period 2022 to 2030. Among the other noteworthy geographic markets are Japan and Canada, each forecast to grow at 4% and 6.2% respectively over the 2022-2030 period. Within Europe, Germany is forecast to grow at approximately 5.3% CAGR.Select Competitors (Total 42 Featured) -
- Blue Star Limited
- Felix Storch, Inc.
- Follett LLC
- Godrej
- Haier Biomedical
- Helmer Scientific
- LEC Medical
- Panasonic Corporation
- PHC Holdings Corporation
- Philipp Kirsch GmbH
- Thermo Fisher Scientific Inc.
- Vestfrost Solutions
- Zhongke Meiling Cryogenics Company Limited
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- Special coverage on Russia-Ukraine war; global inflation; easing of zero-Covid policy in China and its 'bumpy' reopening; supply chain disruptions, global trade tensions; and risk of recession.
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Table of Contents
Companies Mentioned (Partial List)
A selection of companies mentioned in this report includes, but is not limited to:
- Blue Star Limited
- Felix Storch, Inc.
- Follett LLC
- Godrej
- Haier Biomedical
- Helmer Scientific
- LEC Medical
- Panasonic Corporation
- PHC Holdings Corporation
- Philipp Kirsch GmbH
- Thermo Fisher Scientific Inc.
- Vestfrost Solutions
- Zhongke Meiling Cryogenics Company Limited
Table Information
Report Attribute | Details |
---|---|
No. of Pages | 93 |
Published | May 2024 |
Forecast Period | 2022 - 2030 |
Estimated Market Value ( USD | $ 3.8 Billion |
Forecasted Market Value ( USD | $ 7.1 Billion |
Compound Annual Growth Rate | 8.1% |
Regions Covered | Global |