The Business Research Company’s global market reports are now updated with the latest market sizing information for the year 2023 and forecasted to 2032

The global medical refrigerators market size grew from $4.14 billion in 2022 to $4.43 billion in 2023 at a compound annual growth rate (CAGR) of 6.9%. The food diagnostics market size is expected to reach $5.8 billion in 2027 at a CAGR of 7.0%.

What will drive the medical refrigerators market?
The rising demand for storing biological products, blood samples, blood reagents, vaccines, DNA samples, and other chemicals is propelling the growth of the medical refrigerator market.

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Who are the major players in the market?
Major Market Players in the medical refrigerators market include Thermo Fisher Scientific Inc., Blue Star Limited, Haier Biomedical, Helmer Scientific Inc., Vestfrost Solutions, Zhongke Meiling Cyrogenics Company Limited, Philips Kirsch GmbH, LEC Medical

Which trend is gaining popularity in the medical refrigerators market?
Technological advancements are shaping the medical refrigerator market. Many companies are developing new technologies for medical refrigerators for storing medicines and blood to help the medical industry enhance their storing ability and use products in long run. In February 2021, Godrej Appliances, an India-based home appliance company, launched ultra-low temperature technology freezers. These cutting-edge medical freezers are intended to improve the Indian and international medical cold chains and can maintain life-saving medical supplies, including essential vaccinations, below -80 °C.

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How is the medical refrigerators market segmented?
Global Medical Refrigerators Market Segments Include:
1) By Product Type: Blood Bank Refrigerator And Plasma Freezer, Laboratory Refrigerator And Freezer, Pharmacy Refrigerator And Freezer, Chromatography Refrigerator And Freezer, Enzyme Refrigerator And Freezer, Ultra-Low-Temperature freezers, Cryogenic Storage Systems
2) By Design Type: Explosive-Proof Refrigerators, Undercounter Medical Refrigerators, Countertop Medical Refrigerators, Flammable Material Storage Refrigerators
3) By Temperature Control Range: Between 2 °C and 8 °C, Between 0 °C and -40 °C, and Under -40 °C
4) By Volume: Below 50 Litres, 50-200 Litres, 200-400 Litres, 400-600 Litres, More Than 600 Litres
5) By End-User: Blood Banks, Pharmaceutical Companies, Hospital and Pharmacies, Research Institutes, Medical And Diagnostic Centre

The Medical Refrigerators Global Market Report 2023  provides an overview of the medical refrigerators market for the time series: historic years (2010 – 2021) and ten years forecast (2023 – 2032). The medical refrigerators market forecast analyzes medical refrigerators market size, medical refrigerators market share, leading competitor and their market positions.

Medical refrigerators are electronic equipment that are used for storing a variety of samples cool safe. These are used to store vaccines and biological samples including blood, blood derivatives, biological reagents, vaccines, pharmaceuticals, flammable chemicals, ribonucleic acid (RBA), and deoxyribonucleic acid (DRA) (DNA).

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