1. Market Research
  2. > Healthcare Market Trends
Europe 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

Europe 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

  • July 2021
  • 163 pages
  • ID: 6134295
  • Format: PDF
  • The Insight Partners

Summary

Table of Contents

Search Inside

The Europe medical refrigerators market is expected to reach US$ 1,563.77 million in 2028 from US$ 1,080.06 million in 2021; it is estimated to grow at a CAGR of 5.4% from 2021 to 2028.

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.

Pharmaceutical companies focus on R&D to introduce new molecules for various therapeutic applications with enhanced medical and commercial potential.Moreover, significant investments in the R&D activities enable them to deliver high-quality and innovative products.

Over the years, R&D spending by biopharmaceutical companies has also increased. According to a report of Pharmaceutical Research and Manufacturers of America (PhRMA), the R&D expenditure of the biopharmaceutical companies increased from US$ 49.6 billion in 2012 to US$ 58.8 billion in 2015. In medical R&D departments, monitoring temperature and ensuring its accuracy are among the major aspects of preserving temperature-sensitive biomedical components; a few of these components are frequently used in the development of new drugs. Thus, the growing R&D expenditure to introduce new drug compounds would require reliable storage facilities, which drives the medical refrigerators market growth. Similarly, the healthcare sector is currently witnessing massive developments that accelerate the adoption and acceptance of medical refrigerators. As a result, the companies focus on manufacturing energy-efficient natural refrigerants and inverter compressors to effectively reduce power consumption through slow-speed rotation control. Thus, such technological advancements in medical refrigerators are propelling the market growth.

The rapid growth of COVID-19 cases in Europe has had a major impact on the European economy.With the rapid spread of the disease, researchers have shifted their focus toward exploring possible treatment options along with determining the potential of existing treatment options.

Moreover, the medical refrigerator market players are striving to fulfil the requirements in the organizations working on this issues.For instance, in March 2021, CoolMed moved its warehouse to a larger facility to accommodate the increased volumes of medical refrigerators, produced in response to the escalated demand.

CoolMed will be able to serve Lloyds Pharmacy and other clients with timely deliveries, high-quality products, and exceptional customer service after moving to new facilities in Trafford Park.

The Europe medical refrigerators market, by product type, is segmented into laboratory refrigerators and freezers, chromatography refrigerators and freezers, ultralow-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, and other. The blood bank refrigerators and plasma freezers segment held the largest share of the market in 2020 and is anticipated to register the highest CAGR during the forecast period.

The Europe 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.

The Europe medical refrigerators market, by door type, is segmented into single door, and double door.The double door segment held a larger market share in 2020.

However, the single door segment is anticipated to a higher CAGR in the market during the forecast period.

The Europe medical refrigerators market, by temperature control range, is segmented into between 2 and 8, between 0 and -40, and under -40.The between 2 and 8 segment held the largest share of the market in 2020.

However, the under -40 segment is anticipated to register the highest CAGR in the market during the forecast period.

The Europe medical refrigerators market, by end user, is segmented into hospitals and pharmacies, medical laboratories, blood banks, pharmaceutical companies, research institutes, diagnostic centers, and others. The blood banks segment held the largest share of the market in 2020, and it is further anticipated to register the highest CAGR during the forecast period.

A few of the primary and secondary sources associated with this report on the Europe medical refrigerators market are the German Biobank Alliance (GBA), Global Stem Cell & Regenerative Medicine Acceleration Center (GSRAC), and European Union (EU).

Get Industry Insights. Simply.

  • Latest reports & slideshows with insights from top research analysts
  • 150+ Million searchable statistics with tables, figures & datasets
  • More than 25,000 trusted sources
  • Single User License — provides access to the report by one individual.
  • Department License — allows you to share the report with up to 5 users
  • Site License — allows the report to be shared amongst all employees in a defined country
  • Corporate License — allows for complete access, globally.

ReportLinker may already be registered as a supplier with your company. If you want to Order by PO, check with us first and we'll let you know if we are a registered supplier and what the vendor number is. Otherwise, we'll provide you with the necessary information to register ReportLinker as a vendor.

Ahmad helps you find the right report:
Testimonials

The research specialist advised us on the best content for our needs and provided a great report and follow-up, thanks very much we shall look at ReportLinker in the future.

Kate Merrick

Global Marketing Manager at
Eurotherm by Schneider Electric

We were impressed with the support that ReportLinker’s research specialists’ team provided. The report we purchased was useful and provided exactly what we want.

Category Manager at
Ikea

ReportLinker gave access to reliable and useful data while avoiding dispersing resources and spending too much time on unnecessary research.

Executive Director at
PwC Advisory

The customer service was fast, responsive, and 100% professional in all my dealings (...) If we have more research needs, I'll certainly prioritize working with ReportLinker!

Scott Griffith

Vice President Marketing at
Maurice Sporting Goods

The research specialist provided prompt, helpful instructions for accessing ReportLinker's product. He also followed up to make sure everything went smoothly and to ensure an easy transition to the next stage of my research

Jessica P Huffman

Research Associate at
American Transportation Research Institute

Excellent customer service. Very responsive and fast.

Director, Corporate Strategy at
Ingredion

I reached out to ReportLinker for a detailed market study on the Air Treatment industry. The quality of the report, the research specialist’s willingness to solve my queries exceeded my expectations. I would definitely recommend ReportLinker for in-depth industry information.

Mariana Mendoza

Global Platform Senior Manager at
Whirlpool Corporation

Thanks! I like what you've provided and will certainly come back if I need to do further research works.

Bee Hin Png

CEO at
LDR Pte Ltd

The research specialist advised us on the best content for our needs and provided a great report and follow-up, thanks very much we shall look at ReportLinker in the future.

Kate Merrick

Global Marketing Manager at
Eurotherm by Schneider Electric

FAQ
  • How we can help
    • I am not sure if the report I am interested in will fulfill my needs. Can you help me?
    • Yes, of course. You can call us at +33(0) 4 37 65 17 03 or drop us an email at [email protected] to let us know more about your requirements.
    • We buy reports often - can ReportLinker get me any benefits?
    • Yes. Set up a call with a Senior Research Advisor to learn more - [email protected] or +33(0) 4 37 65 17 03.
    • I have had negative experiences with market research reports before. How can you avoid this from happening again?
    • We advise all clients to read the TOC and Summary and list your questions so that we can get more insight for you before you make any purchase decision. A research advisor will accompany you so that you can compare samples and reports from different sources, and choose the study that is right for you.

  • Report Delivery
    • How and when I will receive my Report?
    • Most reports are delivered right away in a pdf format, while others are accessed via a secure link and access codes. Do note that sometimes reports are sent within a 12 hour period, depending on the time zones. However, you can contact us to escalate this. Should you need a hard copy, you can check if this option is offered for the particular report, and pay the related fees.
  • Payment conditions
    • What payment methods do you accept?
      1. Credit card : VISA, American Express, Mastercard, or
      2. You can download an invoice to pay by wire transfer, check, or via a Purchase Order from your company, or
      3. You can pay via a Check made out in US Dollars, Euros, or British Pounds for the full amount made payable to ReportLinker
    • What are ReportLinker’s Payment Terms?
    • All payments must normally be submitted within 30 days. However, you can let us know if you need extended time.
    • Are Taxes and duties included?
    • All companies based in France must pay a 20% tax per report. The same applies to all individuals based in the EU. All EU companies must supply their VAT number when purchasing to avoid this charge.
    • I’m not satisfied. Can I be refunded?
    • No. Once your order has been processed and the publisher has received a notification to send you the report, we cannot issue any refund or cancel any order. As these are not ‘traditional’ products that can be returned, reports that are dispatched are considered to be ‘consumed’.
  • User license
    • The license that you should acquire depends on the number of persons that need to access the report. This can range from Single User (only one person will have the right to read or access the report), or Department License (up to 5 persons), to Site License (a group of persons based in the same company location), or Corporate License (the entire company personnel based worldwide). However, as publishers have different terms and conditions, we can look into this for you.
Purchase Reports From Reputable Market Research Publishers

South and Central 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

  • $ 3000
  • July 2021
  • 139 pages

The South and Central America medical refrigerators market is expected to reach US$ 198.00 million by 2028 from US$ 139.98 million in 2021; it is estimated to grow at a CAGR of 5.1% from 2021 to 2028. The ...

  • Central America
  • Blood Supply
  • Pharmaceutical
  • Industry analysis
  • Household Refrigerator Sales
  • Energy Consumption

ref:plp2021

Reportlinker.com © Copyright 2021. All rights reserved.

ReportLinker simplifies how Analysts and Decision Makers get industry data for their business.

Make sure you don’t miss any news and follow us on