The North America medical and lab refrigerators market is set to register a CAGR of 3.37% during the forecast period, 2021-2028. The presence of a large number of vendors in the medical-grade refrigerator market offers growth opportunities. Also, many medical facilities have a range of options to supplement the expanding use of refrigerators, which benefits market growth.
NORTH AMERICA MEDICAL AND LAB REFRIGERATORS MARKET FORECAST 2021-2028
North America 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
The North America medical and lab refrigerators market is set to register a CAGR of 3.37% during the forecast period, 2021-2028. The presence of a large number of vendors in the medical-grade refrigerator market offers growth opportunities. Also, many medical facilities have a range of options to supplement the expanding use of refrigerators, which benefits market growth.
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The North America medical and lab refrigerators market growth evaluation includes the analysis of Canada and the United States. In the United States, the total adoption of medical-grade refrigeration is a top priority for pharmacists and hospitals. Also, adherence to regulatory compliance for temperature-sensitive vaccines and medications and safeguarding patient safety propels the investment decisions in medical-grade refrigeration. In addition, agencies like State Boards of Pharmacy and Joint Commission, CDC, State Departments of Health, etc., include refrigeration as part of audits and inspections. Moreover, it directs laboratories, pharmacists, and hospitals to increasingly prioritize refrigerator performance as an important aspect.
Follett LLC designs and manufactures innovative, high-quality healthcare refrigerators and freezers for medical purposes, along with ice storage and transportation systems, ice and water dispensers, ice machines, etc. The company uses modern technologies to produce high-quality standard projects, and has multi-tiered distribution sales channels. It is headquartered in Easton, PA.
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- RESEARCH SCOPE & METHODOLOGY
- STUDY OBJECTIVES
- SCOPE OF STUDY
- METHODOLOGY
- ASSUMPTIONS & LIMITATIONS
- EXECUTIVE SUMMARY
- MARKET SIZE & ESTIMATES
- MARKET OVERVIEW
- 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
- KEY DRIVERS
- 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
- 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
- GEOGRAPHICAL ANALYSIS
- NORTH AMERICA
- MARKET SIZE & ESTIMATES
- KEY GROWTH ENABLERS
- KEY CHALLENGES
- KEY PLAYERS
- COUNTRY ANALYSIS
- UNITED STATES
- CANADA
- NORTH AMERICA
- 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
- KEY STRATEGIC DEVELOPMENTS
LIST OF TABLES
TABLE 1: MARKET SNAPSHOT – MEDICAL AND LAB REFRIGERATORS
TABLE 2: NORTH AMERICA MEDICAL AND LAB REFRIGERATORS MARKET, BY PRODUCT, HISTORICAL YEARS, 2016-2020 (IN $ MILLION)
TABLE 3: NORTH AMERICA MEDICAL AND LAB REFRIGERATORS MARKET, BY PRODUCT, FORECAST YEARS, 2021-2028 (IN $ MILLION)
TABLE 4: NORTH AMERICA MEDICAL AND LAB REFRIGERATORS MARKET, BY END-USER, HISTORICAL YEARS, 2016-2020 (IN $ MILLION)
TABLE 5: NORTH AMERICA MEDICAL AND LAB REFRIGERATORS MARKET, BY END-USER, FORECAST YEARS, 2021-2028 (IN $ MILLION)
TABLE 6: NORTH AMERICA MEDICAL AND LAB REFRIGERATORS MARKET, BY COUNTRY, HISTORICAL YEARS, 2016-2020 (IN $ MILLION)
TABLE 7: NORTH AMERICA MEDICAL AND LAB REFRIGERATORS MARKET, BY COUNTRY, FORECAST YEARS, 2021-2028 (IN $ MILLION)
TABLE 8: LEADING PLAYERS OPERATING IN THE NORTH AMERICA 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: NORTH AMERICA MEDICAL AND LAB REFRIGERATORS MARKET, BY PRODUCT, IN 2020
FIGURE 6: NORTH AMERICA MEDICAL AND LAB REFRIGERATORS MARKET, BY LABORATORY REFRIGERATORS, 2021-2028 (IN $ MILLION)
FIGURE 7: NORTH AMERICA MEDICAL AND LAB REFRIGERATORS MARKET, BY PHARMACY REFRIGERATORS, 2021-2028 (IN $ MILLION)
FIGURE 8: NORTH AMERICA MEDICAL AND LAB REFRIGERATORS MARKET, BY BLOOD BANK REFRIGERATORS, 2021-2028 (IN $ MILLION)
FIGURE 9: NORTH AMERICA MEDICAL AND LAB REFRIGERATORS MARKET, BY ENZYME REFRIGERATORS, 2021-2028 (IN $ MILLION)
FIGURE 10: NORTH AMERICA MEDICAL AND LAB REFRIGERATORS MARKET, BY OTHER PRODUCTS, 2021-2028 (IN $ MILLION)
FIGURE 11: NORTH AMERICA MEDICAL AND LAB REFRIGERATORS MARKET, BY END-USER, IN 2020
FIGURE 12: NORTH AMERICA MEDICAL AND LAB REFRIGERATORS MARKET, BY BLOOD BANKS, 2021-2028 (IN $ MILLION)
FIGURE 13: NORTH AMERICA MEDICAL AND LAB REFRIGERATORS MARKET, BY PHARMACEUTICAL COMPANIES, 2021-2028 (IN $ MILLION)
FIGURE 14: NORTH AMERICA MEDICAL AND LAB REFRIGERATORS MARKET, BY HOSPITALS & PHARMACIES, 2021-2028 (IN $ MILLION)
FIGURE 15: NORTH AMERICA MEDICAL AND LAB REFRIGERATORS MARKET, BY RESEARCH INSTITUTES, 2021-2028 (IN $ MILLION)
FIGURE 16: NORTH AMERICA MEDICAL AND LAB REFRIGERATORS MARKET, BY OTHER END-USERS, 2021-2028 (IN $ MILLION)
FIGURE 17: NORTH AMERICA MEDICAL AND LAB REFRIGERATORS MARKET, COUNTRY OUTLOOK, 2020 & 2028 (IN %)
FIGURE 18: UNITED STATES MEDICAL AND LAB REFRIGERATORS MARKET, 2021-2028 (IN $ MILLION)
FIGURE 19: CANADA MEDICAL AND LAB REFRIGERATORS MARKET, 2021-2028 (IN $ MILLION)
- GEOGRAPHICAL ANALYSIS
- NORTH AMERICA
- MARKET SIZE & ESTIMATES
- KEY GROWTH ENABLERS
- KEY CHALLENGES
- KEY PLAYERS
- COUNTRY ANALYSIS
- UNITED STATES
- CANADA
- NORTH AMERICA
- 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
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