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North America Medical Refrigerators Market Forecast to 2028 - COVID-19 Impact and Regional Analysis By Product Type, Design Type, Door Type, Temperature Control Range, and End User

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    Report

  • 155 Pages
  • July 2021
  • Region: North America
  • The Insight Partners
  • ID: 5416513
UP TO OFF until Jun 30th 2023
The countertop medical refrigerators segment by design type is estimated to lead the market growth during the forecast period.

According to a new market research study of “North America Medical Refrigerators Market Forecast to 2028 - COVID-19 Impact and Regional Analysis by Product Type, Design Type, Door Type, Temperature Control Range, End-user, and Country.” The North America medical refrigerators market is expected to reach US$ 1957.24 million in 2028 from US$ 1,300.22 million in 2021; it is estimated to grow at a CAGR of 6.2% from 2021 to 2028. The report highlights trends prevailing in the North America medical refrigerators market and the factors driving market along with those that act as hindrances.

The North America medical refrigerators market, by design type, is segmented into explosion-proof refrigerators, undercounter medical refrigerators, countertop medical refrigerators, and flammable material storage refrigerators. The countertop medical refrigerators segment held the largest share of the market in 2020. However, the undercounter medical refrigerators segment is anticipated to register the highest CAGR in the market during the forecast period.

Rising occurrence of hematological disorders and surge in the number of accidents have propelled the need of plasma, as well as plasma fractionation operations, which is magnifying the demand for plasma freezers and refrigerators at blood banks. Blood and blood components can be stored safely in laboratory freezers by adhering to strict regulations. Blood bank refrigerators have evolved to become more than just reliable cold storage devices. These refrigeration units are equipped with compressors and insulated cabinets, and they provide advanced temperature control, storage, and warning alarm features, among others. The increasing demand for safe blood and blood components for transfusion has further triggered the adoption of ULT freezers for secure storage at blood banks. The WHO has imposed strict guidelines for the storage of these entities, which also contributes to the medical refrigerators market growth.

The rapid spread of COVID-19 across the world has led researchers to redirect their work toward exploring effective treatments for its management. Moreover, the medical refrigerator market players are striving to fulfil the requirements in the organizations working on this issues. In December 2020, Danby Appliances, one of the leading manufacturers and distributors of compact appliances in North America, announced new line of -122.8°F (-80°C) freezers, to contribute to the fight against COVID-19. With the recent development of COVID-19 vaccinations going to trial, several vaccine candidates, including Pfizer and Moderna, have disclosed the requirement for the vaccine storage to be at low temperatures. These factors are boosting the medical refrigerators market growth in North America.

The market growth is attributed to factors such as increasing demand for blood and blood components, technological advancements in medical refrigerators, and growing R&D activities to introduce new drug compounds. However, growing use of refurbished equipment and high costs associated with ultralow-temperature freezers restrict the market growth.

THERMO FISHER SCIENTIFIC INC. Philipp Kirsch GmbH, Haier Group Corporation, Helmer Scientific Inc. Vestfrost Solutions, PHC Holdings Corporation and FOLLETT LLC are among the leading companies operating in the North America medical refrigerators market.

The report segments in North America Medical Refrigerators Market as follows:


By Product Type

  • Laboratory Refrigerators and Freezers
  • Chromatography Refrigerators and Freezers
  • Ultra-Low-Temperature Freezers
  • Blood Bank Refrigerators and Plasma Freezers
  • Cryogenic Storage Systems
  • Pharmacy Refrigerators and Freezers
  • Enzyme Refrigerators and Freezers
  • Hospital Refrigerators and Freezers
  • Shock Freezers
  • Other

By Design Type

  • Explosion-Proof Refrigerators
  • Undercounter Medical Refrigerators
  • Countertop Medical Refrigerators
  • Flammable Material Storage Refrigerators

By Door Type

  • Single Door
  • Double Door

By Temperature Control Range

  • Between 2 and 8
  • Between 0 and -40
  • Under -40

By End-user

  • Hospitals and Pharmacies
  • Medical Laboratories
  • Blood Banks
  • Pharmaceutical Companies
  • Research Institutes
  • Diagnostic Centers
  • Others

By Country

  • US
  • Canada
  • Mexico

Reasons to buy:

  • Save and reduce time carrying out entry-level research by identifying the growth, size, leading players and segments in the North America medical refrigerators market
  • Highlights key business priorities in order to assist companies to realign their business strategies
  • The key findings and recommendations highlight crucial progressive industry trends in the North America medical refrigerators market, thereby allowing players across the value chain to develop effective long-term strategies
  • Develop/modify business expansion plans by using substantial growth offering developed and emerging markets
  • Scrutinize in-depth market trends and outlook coupled with the factors driving the market, as well as those hindering it
  • Enhance the decision-making process by understanding the strategies that underpin security interest with respect to client products, segmentation, pricing and distribution.

Table of Contents

1. Introduction
1.1 Scope of the Study
1.2 Research Report Guidance
1.3 Market Segmentation
1.3.1 North America Medical Refrigerators Market - By Product Type
1.3.2 North America Medical Refrigerators Market - By Design Type
1.3.3 North America Medical Refrigerators Market - By Door Type
1.3.4 North America Medical Refrigerators Market - By Temperature Control Range
1.3.5 North America Medical Refrigerators Market - By End User
1.3.6 North America Medical Refrigerators market - By Country
2. Medical Refrigerators Market - Key Takeaways
3. Research Methodology
3.1 Coverage
3.2 Secondary Research
3.3 Primary Research
4. North America Medical Refrigerators Market - Market Landscape
4.1 Overview
4.2 PEST Analysis
4.2.1 North America - PEST Analysis
4.3 Expert Opinions
5. Medical Refrigerators Market - Key Market Dynamics
5.1 Drivers
5.1.1 Increasing Demand for Blood and Blood Components
5.1.2 Technological Advancements in Medical Refrigerators
5.1.3 Growing R&D Activities to Introduce New Drug Compounds
5.2 Market Restraints
5.2.1 Use of Refurbished Equipment
5.2.2 High Costs Associated with Ultralow-Temperature Freezers
5.3 Market Opportunities
5.3.1 Government Support for Research Activities and Clinical Trials
5.4 Future Trends
5.4.1 Growing Emphasis on Temperature Uniformity and Energy Efficiency
5.5 Impact Analysis
6. Medical Refrigerators Market - North America Analysis
6.1 North America Medical Refrigerators Market Revenue Forecast and Analysis
7. Medical Refrigerators Market Analysis - By Product Type
7.1 Overview
7.2 Medical Refrigerators Market Revenue Share, by Product Type (2020 and 2028)
7.3 Laboratory Refrigerators and Freezers
7.3.1 Overview
7.3.2 Laboratory Refrigerators and Freezers: Medical Refrigerators Market - Revenue and Forecast to 2028 (US$ Million)
7.4 Chromatography Refrigerators and Freezers
7.4.1 Overview
7.4.2 Chromatography Refrigerators and Freezers: Medical Refrigerators Market - Revenue and Forecast to 2028 (US$ Million)
7.5 Ultra-Low-Temperature Freezers
7.5.1 Overview
7.5.2 Ultra-Low-Temperature Freezers: Medical Refrigerators Market - Revenue and Forecast to 2028 (US$ Million)
7.6 Blood Bank Refrigerators and Plasma Freezers
7.6.1 Overview
7.6.2 Blood Bank Refrigerators and Plasma Freezers: Medical Refrigerators Market - Revenue and Forecast to 2028 (US$ Million)
7.7 Cryogenic Storage Systems
7.7.1 Overview
7.7.2 Cryogenic Storage Systems: Medical Refrigerators Market - Revenue and Forecast to 2028 (US$ Million)
7.8 Pharmacy Refrigerators and Freezers
7.8.1 Overview
7.8.2 Pharmacy Refrigerators and Freezers: Medical Refrigerators Market - Revenue and Forecast to 2028 (US$ Million)
7.9 Enzyme Refrigerators and Freezers
7.9.1 Overview
7.9.2 Enzyme Refrigerators and Freezers: Medical Refrigerators Market - Revenue and Forecast to 2028 (US$ Million)
7.10 Hospital Refrigerators and Freezers
7.10.1 Overview
7.10.2 Hospital Refrigerators and Freezers: Medical Refrigerators Market - Revenue and Forecast to 2028 (US$ Million)
7.11 Shock Freezers
7.11.1 Overview
7.11.2 Shock Freezers: Medical Refrigerators Market - Revenue and Forecast to 2028 (US$ Million)
7.12 Other
7.12.1 Overview
7.12.2 Other: Medical Refrigerators Market - Revenue and Forecast to 2028 (US$ Million)
8. Medical Refrigerators Market Analysis - By Design Type
8.1 Overview
8.2 Medical Refrigerators Market Revenue Share, by Design Type (2020 and 2028)
8.3 Explosion-Proof Refrigerators
8.3.1 Overview
8.3.2 Explosion-Proof Refrigerators: Medical Refrigerators Market - Revenue and Forecast to 2028 (US$ Million)
8.4 Undercounter Medical Refrigerators
8.4.1 Overview
8.4.2 Undercounter Medical Refrigerators: Medical Refrigerators Market - Revenue and Forecast to 2028 (US$ Million)
8.5 Countertop Medical Refrigerators
8.5.1 Overview
8.5.2 Countertop Medical Refrigerators: Medical Refrigerators Market - Revenue and Forecast to 2028 (US$ Million)
8.6 Flammable Material Storage Refrigerators
8.6.1 Overview
8.6.2 Flammable Material Storage Refrigerators: Medical Refrigerators Market - Revenue and Forecast to 2028 (US$ Million)
9. Medical Refrigerators Market Analysis - By Door Type
9.1 Overview
9.2 Medical Refrigerators Market Revenue Share, by Door Type (2020 and 2028)
9.3 Single Door
9.3.1 Overview
9.3.2 Single Door: Medical Refrigerators Market - Revenue and Forecast to 2028 (US$ Million)
9.4 Double Door
9.4.1 Overview
9.4.2 Double Door: Medical Refrigerators Market - Revenue and Forecast to 2028 (US$ Million)
10. Medical Refrigerators Market Analysis - By Temperature Control Range
10.1 Overview
10.2 Medical Refrigerators Market Revenue Share, by Temperature Control Range (2020 and 2028)
10.3 Between 2 and 8
10.3.1 Overview
10.3.2 Between 2 and 8: Medical Refrigerators Market - Revenue and Forecast to 2028 (US$ Million)
10.4 Between 0 and -40
10.4.1 Overview
10.4.2 Between 0 and -40: Medical Refrigerators Market - Revenue and Forecast to 2028 (US$ Million)
10.5 Under -40
10.5.1 Overview
10.5.2 Under -40: Medical Refrigerators Market - Revenue and Forecast to 2028 (US$ Million)
11. Medical Refrigerators Market Analysis - By End User
11.1 Overview
11.2 Medical Refrigerators Market Revenue Share, by End User (2020 and 2028)
11.3 Hospitals and Pharmacies
11.3.1 Overview
11.3.2 Hospitals and Pharmacies: Medical Refrigerators Market - Revenue and Forecast to 2028 (US$ Million)
11.4 Medical Laboratories
11.4.1 Overview
11.4.2 Medical Laboratories: Medical Refrigerators Market - Revenue and Forecast to 2028 (US$ Million)
11.5 Blood Banks
11.5.1 Overview
11.5.2 Blood Banks: Medical Refrigerators Market - Revenue and Forecast to 2028 (US$ Million)
11.6 Pharmaceutical Companies
11.6.1 Overview
11.6.2 Pharmaceutical Companies: Medical Refrigerators Market - Revenue and Forecast to 2028 (US$ Million)
11.7 Research Institutes
11.7.1 Overview
11.7.2 Research Institutes: Medical Refrigerators Market - Revenue and Forecast to 2028 (US$ Million)
11.8 Diagnostic Centers
11.8.1 Overview
11.8.2 Diagnostic Centers: Medical Refrigerators Market - Revenue and Forecast to 2028 (US$ Million)
11.9 Others
11.9.1 Overview
11.9.2 Others: Medical Refrigerators Market - Revenue and Forecast to 2028 (US$ Million)
12. Medical Refrigerators Market - Geographic Analysis
12.1 North America: Medical Refrigerators Market
12.1.1 Overview
12.1.3 North America: Medical Refrigerators Market, by Country, 2020 & 2028 (%)
12.1.3.1 US: Medical Refrigerators Market - Revenue and Forecast to 2028 (USD Million)
12.1.3.1.1 US: Medical Refrigerators Market - Revenue and Forecast to 2028 (USD Million)
12.1.3.1.2 US: Medical Refrigerators Market, by Product Type, 2019-2028 (USD Million)
12.1.3.1.3 US: Medical Refrigerators Market, by Design Type, 2019-2028 (USD Million)
12.1.3.1.4 US: Medical Refrigerators Market, by Door Type, 2019-2028 (USD Million)
12.1.3.1.5 US: Medical Refrigerators Market, by Temperature Control Range, 2019-2028 (USD Million)
12.1.3.1.6 US: Medical Refrigerators Market, by End User, 2019-2028 (USD Million)
12.1.3.2 Canada: Medical Refrigerators Market - Revenue and Forecast to 2028 (USD Million)
12.1.3.2.1 Canada: Medical Refrigerators Market - Revenue and Forecast to 2028 (USD Million)
12.1.3.2.2 Canada: Medical Refrigerators Market, by Product Type, 2019-2028 (USD Million)
12.1.3.2.3 Canada: Medical Refrigerators Market, by Design Type, 2019-2028 (USD Million)
12.1.3.2.4 Canada: Medical Refrigerators Market, by Door Product Type, 2019-2028 (USD Million)
12.1.3.2.5 Canada: Medical Refrigerators Market, by Temperature Control Range, 2019-2028 (USD Million)
12.1.3.2.6 Canada: Medical Refrigerators Market, by End User, 2019-2028 (USD Million)
12.1.3.3 Mexico: Medical Refrigerators Market - Revenue and Forecast to 2028 (USD Million)
12.1.3.3.1 Mexico: Medical Refrigerators Market - Revenue and Forecast to 2028 (USD Million)
12.1.3.3.2 Mexico Medical Refrigerators Market, by Product Type - 2019-2028 (USD Million)
12.1.3.3.3 Mexico Medical Refrigerators Market, by Design Type - 2019-2028 (USD Million)
12.1.3.3.4 Mexico Medical Refrigerators Market, by Door Type - 2019-2028 (USD Million)
12.1.3.3.5 Mexico Medical Refrigerators Market, by Temperature Control Range - 2019-2028 (USD Million)
12.1.3.3.6 Mexico Medical Refrigerators Market, by End User - 2019-2028 (USD Million)
13. Impact of COVID-19 Pandemic on North America Medical Refrigerators Market
13.1 North America: Impact Assessment of COVID-19 Pandemic
14. Medical Refrigerators Market - Industry Landscape
14.1 Overview
14.2 Organic Developments
14.2.1 Overview
14.3 Inorganic Developments
14.3.1 Overview
15. Company Profiles
15.1 THERMO FISHER SCIENTIFIC INC.
15.1.1 Key Facts
15.1.2 Business Description
15.1.3 Products and Services
15.1.4 Financial Overview
15.1.5 SWOT Analysis
15.1.6 Key Developments
15.2 Philipp Kirsch GmbH
15.2.1 Key Facts
15.2.2 Business Description
15.2.3 Products and Services
15.2.4 Financial Overview
15.2.5 SWOT Analysis
15.2.6 Key Developments
15.3 Haier Group Corporation
15.3.1 Key Facts
15.3.2 Business Description
15.3.3 Products and Services
15.3.4 Financial Overview
15.3.5 SWOT Analysis
15.3.6 Key Developments
15.4 Helmer Scientific Inc.
15.4.1 Key Facts
15.4.2 Business Description
15.4.3 Products and Services
15.4.4 Financial Overview
15.4.5 SWOT Analysis
15.4.6 Key Developments
15.5 Vestfrost Solutions
15.5.1 Key Facts
15.5.2 Business Description
15.5.3 Products and Services
15.5.4 Financial Overview
15.5.5 SWOT Analysis
15.5.6 Key Developments
15.6 PHC Holdings Corporation
15.6.1 Key Facts
15.6.2 Business Description
15.6.3 Products and Services
15.6.4 Financial Overview
15.6.5 SWOT Analysis
15.6.6 Key Developments
15.7 FOLLETT LLC
15.7.1 Key Facts
15.7.2 Business Description
15.7.3 Products and Services
15.7.4 Financial Overview
15.7.5 SWOT Analysis
15.7.6 Key Developments
16. Appendix
16.1 About
16.2 Glossary of Terms
List of Tables
Table 1. US Medical Refrigerators Market, by Product Type - Revenue and Forecast to 2028 (USD Million)
Table 2. US Medical Refrigerators Market, by Design Type - Revenue and Forecast to 2028 (USD Million)
Table 3. US Medical Refrigerators Market, by Door Type - Revenue and Forecast to 2028 (USD Million)
Table 4. US Medical Refrigerators Market, by Temperature Control Range - Revenue and Forecast to 2028 (USD Million)
Table 5. US Medical Refrigerators Market, by End User - Revenue and Forecast to 2028 (USD Million)
Table 6. Canada Medical Refrigerators Market, by Product Type - Revenue and Forecast to 2028 (USD Million)
Table 7. Canada Medical Refrigerators Market, by Design Type - Revenue and Forecast to 2028 (USD Million)
Table 8. Canada Medical Refrigerators Market, by Door Product Type - Revenue and Forecast to 2028 (USD Million)
Table 9. Canada Medical Refrigerators Market, by Temperature Control Range - Revenue and Forecast to 2028 (USD Million)
Table 10. Canada Medical Refrigerators Market, by End User - Revenue and Forecast to 2028 (USD Million)
Table 11. Mexico Medical Refrigerators Market, by Product Type - Revenue and Forecast to 2028 (USD Million)
Table 12. Mexico Medical Refrigerators Market, by Design Type - Revenue and Forecast to 2028 (USD Million)
Table 13. Mexico Medical Refrigerators Market, by Door Type - Revenue and Forecast to 2028 (USD Million)
Table 14. Mexico Medical Refrigerators Market, by Temperature Control Range - Revenue and Forecast to 2028 (USD Million)
Table 15. Mexico Medical Refrigerators Market, by End User - Revenue and Forecast to 2028 (USD Million)
Table 16. Organic Developments Done By Companies
Table 17. Inorganic Developments Done By Companies
Table 18. Glossary of Terms, Medical Refrigerators Market
List of Figures
Figure 1. Medical Refrigerators Market Segmentation
Figure 2. Medical Refrigerators Market Segmentation, By Country
Figure 3. Medical Refrigerators Market Overview
Figure 4. Double Door Segment Held Largest Share of Medical Refrigerators Market
Figure 6. North America Medical Refrigerators Market - Leading Country Markets (US$ Million)
Figure 7. North America PEST Analysis
Figure 8. North America Medical Refrigerators Market - Revenue Forecast and Analysis - 2020 - 2028
Figure 9. Medical Refrigerators Market Revenue Share, by Product Type (2020 and 2028)
Figure 10. Laboratory Refrigerators and Freezers: Medical Refrigerators Market - Revenue and Forecast to 2028 (US$ Million)
Figure 11. Chromatography Refrigerators and Freezers: Medical Refrigerators Market - Revenue and Forecast to 2028 (US$ Million)
Figure 12. Ultra-Low-Temperature Freezers: Medical Refrigerators Market - Revenue and Forecast to 2028 (US$ Million)
Figure 13. Blood Bank Refrigerators and Plasma Freezers: Medical Refrigerators Market - Revenue and Forecast to 2028 (US$ Million)
Figure 14. Cryogenic Storage Systems: Medical Refrigerators Market - Revenue and Forecast to 2028 (US$ Million)
Figure 15. Pharmacy Refrigerators and Freezers: Medical Refrigerators Market - Revenue and Forecast to 2028 (US$ Million)
Figure 16. Enzyme Refrigerators and Freezers: Medical Refrigerators Market - Revenue and Forecast to 2028 (US$ Million)
Figure 17. Hospital Refrigerators and Freezers: Medical Refrigerators Market - Revenue and Forecast to 2028 (US$ Million)
Figure 18. Shock Freezers: Medical Refrigerators Market - Revenue and Forecast to 2028 (US$ Million)
Figure 19. Other: Medical Refrigerators Market - Revenue and Forecast to 2028 (US$ Million)
Figure 20. Medical Refrigerators Market Revenue Share, by Design Type (2020 and 2028)
Figure 21. Explosion-Proof Refrigerators: Medical Refrigerators Market - Revenue and Forecast to 2028 (US$ Million)
Figure 22. Undercounter Medical Refrigerators: Medical Refrigerators Market - Revenue and Forecast to 2028 (US$ Million)
Figure 23. Countertop Medical Refrigerators: Medical Refrigerators Market - Revenue and Forecast to 2028 (US$ Million)
Figure 24. Flammable Material Storage Refrigerators: Medical Refrigerators Market - Revenue and Forecast to 2028 (US$ Million)
Figure 25. Medical Refrigerators Market Revenue Share, by Door Type (2020 and 2028)
Figure 26. Single Door: Medical Refrigerators Market - Revenue and Forecast to 2028 (US$ Million)
Figure 27. Double Door: Medical Refrigerators Market - Revenue and Forecast to 2028 (US$ Million)
Figure 28. Medical Refrigerators Market Revenue Share, by Temperature Control Range (2020 and 2028)
Figure 29. Between 2 and 8: Medical Refrigerators Market - Revenue and Forecast to 2028 (US$ Million)
Figure 30. Between 0 and - 40: Medical Refrigerators Market - Revenue and Forecast to 2028 (US$ Million)
Figure 31. Under - 40: Medical Refrigerators Market - Revenue and Forecast to 2028 (US$ Million)
Figure 32. Medical Refrigerators Market Revenue Share, by End User (2020 and 2028)
Figure 33. Hospitals and Pharmacies: Medical Refrigerators Market - Revenue and Forecast to 2028 (US$ Million)
Figure 34. Medical Laboratories: Medical Refrigerators Market - Revenue and Forecast to 2028 (US$ Million)
Figure 35. Blood Banks: Medical Refrigerators Market - Revenue and Forecast to 2028 (US$ Million)
Figure 36. Pharmaceutical Companies: Medical Refrigerators Market - Revenue and Forecast to 2028 (US$ Million)
Figure 37. Research Institutes: Medical Refrigerators Market - Revenue and Forecast to 2028 (US$ Million)
Figure 38. Diagnostic Centers: Medical Refrigerators Market - Revenue and Forecast to 2028 (US$ Million)
Figure 39. Others: Medical Refrigerators Market - Revenue and Forecast to 2028 (US$ Million)
Figure 40. North America: Medical Refrigerators Market, by Key Country - Revenue (2020) (USD Million)
Figure 41. North America: Medical Refrigerators Market, by Country, 2020 & 2028 (%)
Figure 42. US: Medical Refrigerators Market - Revenue and Forecast to 2028 (USD Million)
Figure 43. Canada: Medical Refrigerators Market - Revenue and Forecast to 2028 (USD Million)
Figure 44. Mexico: Medical Refrigerators Market - Revenue and Forecast to 2028 (USD Million)
Figure 45. Impact of COVID-19 Pandemic on Medical Refrigerators Market in North American Countries

Companies Mentioned

A selection of companies mentioned in this report includes:

  • Thermo Fisher Scientific Inc.
  • Philipp Kirsch GmbH
  • Haier Group Corporation
  • Helmer Scientific Inc.
  • Vestfrost Solutions
  • PHC Holdings Corporation
  • Follett Llc