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ASIA-PACIFIC MEDICAL AND LAB REFRIGERATORS MARKET FORECAST 2021-2028

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ASIA-PACIFIC MEDICAL AND LAB REFRIGERATORS MARKET FORECAST 2021-2028

The Asia-Pacific medical and lab refrigerators market is set to project a CAGR of 5.14% during the forecast period, 2021-2028. The rising developments in the region’s emerging economies and the growing focus of governments to enhance healthcare infrastructure propel market growth.

ASIA-PACIFIC MEDICAL AND LAB REFRIGERATORS MARKET FORECAST 2021-2028

Asia-Pacific Medical and Lab Refrigerators Market by Product (Laboratory Refrigerators, Pharmacy Refrigerators, Blood Bank Refrigerators, Enzyme Refrigerators, Other Products) Market by End-user (Blood Banks, Pharmaceutical Companies, Hospitals & Pharmacies, Research Institutes, Other End-users) by Geography

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The Asia-Pacific medical and lab refrigerators market is set to project a CAGR of 5.14% during the forecast period, 2021-2028. The rising developments in the region’s emerging economies and the growing focus of governments to enhance healthcare infrastructure propel market growth.

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The Asia-Pacific medical and lab refrigerators market growth assessment includes the analysis of Singapore, Australia & New Zealand, Japan, India, China, Indonesia, Malaysia, South Korea, and Rest of Asia-Pacific. In China, several policies were launched by the government in 2018 to support private hospitals. These entailed the entitlement of the same assessment system like that of public hospitals, liberty for third-party medical institutions, and no holds on the opening of general clinics by the government. This is set to offer growth opportunities for private hospitals, which further increases the demand for medical and lab refrigerators. Also, the investments in private hospitals, the pharmaceutical sector, and pharmacies are set to increase since the government has announced to relax FDIs in the medical sector.

Further, in countries like South Korea, the biotech market is witnessing surging growth, supplemented by government investments. The investments are focused on R&D and the development of novel drugs. Also, the pharma market projected thrice the growth of the manufacturing sector between 2014 and 2019. In addition, the country has launched a five-year plan to boost the commercialization efforts and R&D in the medical and biotech sectors. Such factors will positively impact the medical device and pharma industries, thereby driving the market growth of medical and lab refrigerators in South Korea.

Zhongke Meiling Cryogenics Co Ltd is a high-tech company engaged in life science, cold chain, and family health solutions. The key products include professional cold room, medical/laboratory freezer, bio-banking, blood banking refrigerator, etc. The company increasingly prioritizes R&D, which strengthens its product portfolio. It is headquartered in Hefei, China.

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    1. RESEARCH SCOPE & METHODOLOGY
      • STUDY OBJECTIVES
      • SCOPE OF STUDY
      • METHODOLOGY
      • ASSUMPTIONS & LIMITATIONS
    2. EXECUTIVE SUMMARY
      • MARKET SIZE & ESTIMATES
      • MARKET OVERVIEW
    3. MARKET DYNAMICS
      • KEY DRIVERS
        • INCREASE IN BLOOD DONATIONS DUE TO AWARENESS INITIATIVES
        • DEMAND FOR BLOOD BANKS DUE TO ACCIDENTS, SURGERY INTERVENTIONS, AND OTHER SURGERIES
      • KEY RESTRAINTS
        • PREFERENCE FOR REFURBISHED EQUIPMENT
        • HIGH COSTS OF MEDICAL REFRIGERATORS
    1. KEY ANALYTICS
      • IMPACT OF COVID-19 ON MEDICAL AND LAB REFRIGERATORS MARKET
      • KEY MARKET TRENDS
      • PORTER’S FIVE FORCES ANALYSIS
        • BUYERS POWER
        • SUPPLIERS POWER
        • SUBSTITUTION
        • NEW ENTRY
        • INDUSTRY RIVALRY
      • OPPORTUNITY MATRIX
      • VENDOR LANDSCAPE
    2. MARKET BY PRODUCT
      • LABORATORY REFRIGERATORS
      • PHARMACY REFRIGERATORS
      • BLOOD BANK REFRIGERATORS
      • ENZYME REFRIGERATORS
      • OTHER PRODUCTS
    3. MARKET BY END-USER
      • BLOOD BANKS
      • PHARMACEUTICAL COMPANIES
      • HOSPITALS & PHARMACIES
      • RESEARCH INSTITUTES
      • OTHER END-USERS
    4. GEOGRAPHICAL ANALYSIS
      • ASIA-PACIFIC
        • MARKET SIZE & ESTIMATES
        • KEY GROWTH ENABLERS
        • KEY CHALLENGE
        • KEY PLAYERS
        • COUNTRY ANALYSIS
          • CHINA
          • JAPAN
          • INDIA
          • AUSTRALIA & NEW ZEALAND
          • SOUTH KOREA
          • MALAYSIA
          • INDONESIA
          • SINGAPORE
          • REST OF ASIA-PACIFIC
    1. COMPETITIVE LANDSCAPE
      • KEY STRATEGIC DEVELOPMENTS
        • MERGERS & ACQUISITIONS
        • PRODUCT LAUNCHES & DEVELOPMENTS
        • PARTNERSHIPS & AGREEMENTS
        • BUSINESS EXPANSIONS, ANNOUNCEMENTS, AND DIVESTITURES
      • COMPANY PROFILES
        • BLUE STAR LIMITED
        • FELIX STORCH INC
        • FOLLETT LLC
        • GODREJ & BOYCE MANUFACTURING COMPANY LIMITED
        • HAIER BIOMEDICAL
        • HELMER SCIENTIFIC INC
        • LEC MEDICAL
        • MIGALI SCIENTIFIC
        • PHC HOLDINGS CORPORATION
        • PHILIPP KIRSCH GMBH
        • TEMPARMOUR REFRIGERATION
        • THERMO FISHER SCIENTIFIC INC
        • VESTFROST SOLUTIONS
        • ZHONGKEMEILING CRYOGENICS COMPANY LIMITED

    LIST OF TABLES

    TABLE 1: MARKET SNAPSHOT – MEDICAL AND LAB REFRIGERATORS

    TABLE 2: ASIA-PACIFIC MEDICAL AND LAB REFRIGERATORS MARKET, BY PRODUCT, HISTORICAL YEARS, 2016-2020 (IN $ MILLION)

    TABLE 3: ASIA-PACIFIC MEDICAL AND LAB REFRIGERATORS MARKET, BY PRODUCT, FORECAST YEARS, 2021-2028 (IN $ MILLION)

    TABLE 4: ASIA-PACIFIC MEDICAL AND LAB REFRIGERATORS MARKET, BY END-USER, HISTORICAL YEARS, 2016-2020 (IN $ MILLION)

    TABLE 5: ASIA-PACIFIC MEDICAL AND LAB REFRIGERATORS MARKET, BY END-USER, FORECAST YEARS, 2021-2028 (IN $ MILLION)

    TABLE 6: ASIA-PACIFIC MEDICAL AND LAB REFRIGERATORS MARKET, BY COUNTRY, HISTORICAL YEARS, 2016-2020 (IN $ MILLION)

    TABLE 7: ASIA-PACIFIC MEDICAL AND LAB REFRIGERATORS MARKET, BY COUNTRY, FORECAST YEARS, 2021-2028 (IN $ MILLION)

    TABLE 8: LEADING PLAYERS OPERATING IN ASIA-PACIFIC MEDICAL AND LAB REFRIGERATORS MARKET

    TABLE 9: LIST OF MERGERS & ACQUISITIONS

    TABLE 10: LIST OF PRODUCT LAUNCHES & DEVELOPMENTS

    TABLE 11: LIST OF PARTNERSHIPS & AGREEMENTS

    TABLE 12: LIST OF BUSINESS EXPANSIONS, ANNOUNCEMENTS & DIVESTITURES

    LIST OF FIGURES

    FIGURE 1: KEY MARKET TRENDS

    FIGURE 2: PORTER’S FIVE FORCES ANALYSIS

    FIGURE 3: OPPORTUNITY MATRIX

    FIGURE 4: VENDOR LANDSCAPE

    FIGURE 5: ASIA-PACIFIC MEDICAL AND LAB REFRIGERATORS MARKET, BY PRODUCT, IN 2020

    FIGURE 6: ASIA-PACIFIC MEDICAL AND LAB REFRIGERATORS MARKET, BY LABORATORY REFRIGERATORS, 2021-2028 (IN $ MILLION)

    FIGURE 7: ASIA-PACIFIC MEDICAL AND LAB REFRIGERATORS MARKET, BY PHARMACY REFRIGERATORS, 2021-2028 (IN $ MILLION)

    FIGURE 8: ASIA-PACIFIC MEDICAL AND LAB REFRIGERATORS MARKET, BY BLOOD BANK REFRIGERATORS, 2021-2028 (IN $ MILLION)

    FIGURE 9: ASIA-PACIFIC MEDICAL AND LAB REFRIGERATORS MARKET, BY ENZYME REFRIGERATORS, 2021-2028 (IN $ MILLION)

    FIGURE 10: ASIA-PACIFIC MEDICAL AND LAB REFRIGERATORS MARKET, BY OTHER PRODUCTS, 2021-2028 (IN $ MILLION)

    FIGURE 11: ASIA-PACIFIC MEDICAL AND LAB REFRIGERATORS MARKET, BY END-USER, IN 2020

    FIGURE 12: ASIA-PACIFIC MEDICAL AND LAB REFRIGERATORS MARKET, BY BLOOD BANKS, 2021-2028 (IN $ MILLION)

    FIGURE 13: ASIA-PACIFIC MEDICAL AND LAB REFRIGERATORS MARKET, BY PHARMACEUTICAL COMPANIES, 2021-2028 (IN $ MILLION)

    FIGURE 14: ASIA-PACIFIC MEDICAL AND LAB REFRIGERATORS MARKET, BY HOSPITALS & PHARMACIES, 2021-2028 (IN $ MILLION)

    FIGURE 15: ASIA-PACIFIC MEDICAL AND LAB REFRIGERATORS MARKET, BY RESEARCH INSTITUTES, 2021-2028 (IN $ MILLION)

    FIGURE 16: ASIA-PACIFIC MEDICAL AND LAB REFRIGERATORS MARKET, BY OTHER END-USERS, 2021-2028 (IN $ MILLION)

    FIGURE 17: ASIA-PACIFIC MEDICAL AND LAB REFRIGERATORS MARKET, COUNTRY OUTLOOK, 2020 & 2028 (IN %)

    FIGURE 18: CHINA MEDICAL AND LAB REFRIGERATORS MARKET, 2021-2028 (IN $ MILLION)

    FIGURE 19: JAPAN MEDICAL AND LAB REFRIGERATORS MARKET, 2021-2028 (IN $ MILLION)

    FIGURE 20: INDIA MEDICAL AND LAB REFRIGERATORS MARKET, 2021-2028 (IN $ MILLION)

    FIGURE 21: AUSTRALIA & NEW ZEALAND MEDICAL AND LAB REFRIGERATORS MARKET, 2021-2028 (IN $ MILLION)

    FIGURE 22: SOUTH KOREA MEDICAL AND LAB REFRIGERATORS MARKET, 2021-2028 (IN $ MILLION)

    FIGURE 23: MALAYSIA MEDICAL AND LAB REFRIGERATORS MARKET, 2021-2028 (IN $ MILLION)

    FIGURE 24: INDONESIA MEDICAL AND LAB REFRIGERATORS MARKET, 2021-2028 (IN $ MILLION)

    FIGURE 25: SINGAPORE MEDICAL AND LAB REFRIGERATORS MARKET, 2021-2028 (IN $ MILLION)

    FIGURE 26: REST OF ASIA-PACIFIC MEDICAL AND LAB REFRIGERATORS MARKET, 2021-2028 (IN $ MILLION)

    1. GEOGRAPHICAL ANALYSIS
      • ASIA-PACIFIC
        • MARKET SIZE & ESTIMATES
        • KEY GROWTH ENABLERS
        • KEY CHALLENGE
        • KEY PLAYERS
        • COUNTRY ANALYSIS
          • CHINA
          • JAPAN
          • INDIA
          • AUSTRALIA & NEW ZEALAND
          • SOUTH KOREA
          • MALAYSIA
          • INDONESIA
          • SINGAPORE
          • REST OF ASIA-PACIFIC
    1. MARKET BY PRODUCT
      • LABORATORY REFRIGERATORS
      • PHARMACY REFRIGERATORS
      • BLOOD BANK REFRIGERATORS
      • ENZYME REFRIGERATORS
      • OTHER PRODUCTS
    2. MARKET BY END-USER
      • BLOOD BANKS
      • PHARMACEUTICAL COMPANIES
      • HOSPITALS & PHARMACIES
      • RESEARCH INSTITUTES
      • OTHER END-USERS

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