Lucintel Forecasts Medical Refrigerator Market to Reach $XX Billion by 2028
According to the recent study the medical refrigerator market is projected to reach an estimated $XX billion by 2028 from $XX billion in 2023, at a CAGR of 6% to 8% from 2023 to 2028. Growth in this market is primarily driven by increasing demand for blood storage and blood bank centers, growing R&D activities to introduce new drug compounds, and rising prevalence of chronic diseases.
Browse XX figures / charts and XX tables in this 150 -page report to understand trends, opportunities and forecast in medical refrigerator market by product type (blood bank refrigerator & plasma freezer, laboratory refrigerator & freezer, pharmacy refrigerator & freezer, chromatography refrigerator & freezer, enzyme refrigerator & freezer, ultra-low-temperature freezers, and cryogenic storage systems), end use industry(blood banks, pharmaceutical companies, hospital & pharmacies, research institutes, medical laboratories, and diagnostic centers), and region (North America, Europe, Asia Pacific, and the Rest of the World).
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“Ultra-low-temperature freezer market is expected to remain the largest segment during the forecast period.”
Based on product type, the medical refrigerator market is segmented into blood bank refrigerator & plasma freezer, laboratory refrigerator & freezer, pharmacy refrigerator & freezer, chromatography refrigerator & freezer, enzyme refrigerator & freezer, ultra-low-temperature freezers, and cryogenic storage systems. Lucintel forecasts that the ultra-low-temperature freezer market is expected to remain the largest segment due to because it is used for long-term storage in laboratories, universities, hospitals, or scientific research facilities, advancements in drug discovery and development, as well as an increase in genomics research activities.
“Within the medical refrigerator market, the blood banks segment is expected to remain the largest end use indu