Los Angeles, December 9, 2019 –QY Research recently published a report titled, “Global (United States, European Union and China) Medical Refrigerators Market Research Report 2019-2025”. The global medical refrigerators market size was estimated at US$608 mn in 2018 and is expected to reach around US$690 mn by 2025. It is expected to expand at a CAGR of 1.8% from 2019 to 2025.
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Increasing Emphasis on Hygiene During Blood Transfusion to Boost Market
Rising technological innovations and funding from government organisations in healthcare sector is boosting the market for medical refrigerators. There is a growing prevalence of diseases including cancer, cardiac, and infectious that require vaccinations, medications, and blood transfusions. Additionally, various initiatives from governments and private organisations are increasing awareness regarding blood donation, which is favouring business growth. Hence, these refrigerators have become crucial for day to day uses in hospitals, diagnostic centres, pharmacies, blood banks, educational institutions, and in research laboratories for preservation and storage to avoid contamination and explosions of volatile materials.
In order to achieve a high degree of accuracy they are made different from standard refrigerators used in homes or restaurants. There is much more emphasis on hygiene to avoid contamination, prevent cross contamination, and reliability to maintain even temperature all times and have separate units for storing blood plasma, blood products, and vaccines or pharmaceutical supplies. This is expected to propel the global market.
Blood Banks Segment to Dominate Market
The rising awareness among people about prevalence of transfusion transmissible infections and haematological diseases is contributing to the demand for plasma, which in turn is amplifying the demand for blood banks.
North America Will Hold Largest Share in Market
North America is expected to hold largest share in the market owing to rising R&D activities due to demand for personalized medicines, increasing cases of diseases, and demand for advance medical refrigerators with energy-efficient cold storage.
Manufacturers to Focus on Smart Refrigerators with Interlock Door Technology
Helmer Scientific has developed a range of custom products providing temperature-controlled solutions designed to safeguard products used for clinical applications. Their custom design pass-thru refrigerators with i.Lock technology is designed to protect sensitive products in addition to ensuring efficiency in clean room spaces. In these refrigerators one side of these pass-thru refrigerators are opened and the doors on the other side are electronically locked to ensure that pass-thru doors are not opened simultaneously.
The major manufacturers covered in the report includes Thermo Fisher Scientific Inc., Blue Star Limited, Helmer Scientific, Vestfrost Solutions, Felix Storch, Inc., Philipp Kirsch GmbH, Haier Biomedical, Follett LLC, Godrej, Panasonic, Blue Star, and others.
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