Medical Refrigerators for Vaccine Storage Market, Size, Share, Opportunities and Forecast, 2020-2027

SKU: DHC404 | Last Updated On: Mar 09 2021 | No. of Pages: 180 | Available Formats

> Global Medical Refrigerators for Vaccine Storage Market Expected to reach a high CAGR of 7.2% By 2027: DataM Intelligence

Global Medical Refrigerators for Vaccine Storage Market Is Segmented By Type (Blood bank refrigerators, Plasma freezers, Lab freezers, Lab refrigerators Ultra-low temperature freezers Shock freezers), By Application (Blood bank, Pharmacies, Hospitals, Research labs, Diagnostic centers), and By Region (North America, Latin America, Europe, Asia Pacific, Middle East, and Africa) – Share, Size, Outlook, and Opportunity Analysis, 2020-2027

 

Market Overview

The "Medical Refrigerators for Vaccine Storage Market" is expected to grow at a high CAGR of 7.2% during the forecasting period (2020-2027).

Medical refrigerators are mainly designed to meet the challenging temperature requirements for the safe storage of vaccines. These refrigerators can safely store a range of vaccines, such as rotavirus, influenza, and MMRV, at temperatures ranging from 35 °F to 46 °F. Such instruments have a microprocessor-based system that tests temperatures precisely. Digital sensors (such as resistance temperature detectors [RTDs, thermocouples and thermistors]) are also used to track the interior's temperature.

Source: DataM Intelligence Analysis (2019)

Market Dynamics

The major factors propelling medical refrigerators' growth for vaccine Storage market are the increase in the number of government initiatives regarding medical refrigeration. Moreover, growing chronic diseases across the globe are the major factor driving the market's growth over the forthcoming period.

The rising number of chronic diseases across the globe

The rising number of chronic diseases such as diabetes, cardiovascular diseases, neurological diseases, and others is expected to stimulate the production of a large number of new vaccines and medications. Therefore, demand for a medical refrigerator with a standardized temperature facility to efficiently store the vaccines and medications safe & contamination-free for a longer period. For instance: According to the World Health Organization (WHO), it is projected that by the end of 2020, Chronic disease will account for three-quarter of all deaths worldwide, including 75% of death due to stroke, 71% of deaths due to ischaemic heart disease and 70% of deaths due to diabetes in developing countries. Since, For medicinal, pharmaceutical, and biomedical storage and processing, refrigerators deliver safe and efficient temperature control. Door openings and closures have a quick recovery time for stable and uniform temperatures with a focus on precise temperature regulation.

High costs and preference for refurbished devices

The high cost associated with the medical refrigerators for vaccine storage is a key factor expected to curtail the growth of the market over the forecast period. Moreover, consumer preference towards the refurbished devices over new medical refrigerators is another factor that may hamper the growth of the market in the near future.

COVID-19 Impact Analysis

The outbreak of COVID-19 has positively impacted the growth of the medical refrigerators for vaccine storage market globally. Government and various other health organization has taken favorable initiatives regarding the production of vaccines of Novel coronavirus and therefore leverages the demand for medical refrigerators for vaccine storage across the globe. For instance, on March 23rd, 2020, scientists in the United Kingdom-based Oxford University have developed rapid antibody detection kits which hold the ability to detect whether the individual is infected by Covid-19 in just about 30 minutes and specifically recognize RNA and RNA fragments

Segmentation Analysis

Based on the Type, the Medical Refrigerators for the vaccine Storage market have been classified into Blood Bank Refrigerators, Lab Refrigerators, Lab Freezers, Plasma Freezers, Ultra-low Temperature Freezers, and Shock Freezers.

The blood bank refrigerators segment is projected to be the dominant segment in the market during the forecast period.

Blood bank refrigerators dominated the global market in 2019, whereas plasma freezers are expected to present considerable growth in the near future. In the immunohematology department, blood bank refrigerators are beneficial and provide safe and adequate storage of whole blood and components (e.g., plasma, blood cells) and reagents.

Medical Refrigerators for Vaccine Storage is segmented on the basis of Application, which includes beauty salons, pharmacy/drugstores, specialty outlets, and online retailing.

A blood bank is expected to dominate the Medical Refrigerators for Vaccine Storage market.

Blood banks held the dominant position in the global market during the forecast period. Factors anticipated towards the largest share of blood bank is Increased demand for safe blood due to the high incidence of transmissible transfusion diseases, such as hepatitis B, HIV, and awareness of safe blood and an increasingly elderly population. Such equipment is typically used in research laboratories to cool samples/samples for storage. They have cooling systems for storing blood plasma and other blood products, vaccines, and other medical supplies. Therefore, research labs are anticipated to grow with significant CAGR in the near future.

Source: DataM Intelligence Analysis (2019)

Geographical Analysis

Based on geography, the study analyzes the Medical Refrigerators for the vaccine Storage market in the global market, including North America, Europe, Asia-Pacific, South America, and the Middle East & Africa.

North America is expected to dominate the global Medical Refrigerators for Vaccine Storage market

North America is held a dominant position in the global Medical Refrigerators for Vaccine Storage market in 2019. In North America, the U.S. is expected to represent considerable growth during the forecast period. Factors anticipated towards the growth of the Region is the rise in technological advancements and growing awareness about safe blood storage. Whereas Medical Refrigerators for Vaccine Storage market for Asia Pacific is expected to observe rapid growth over the forecast period, backed by the increasing technological development and awareness of people's health and hygiene. Additionally, Europe is estimated to grow with a significant pace in the market due to the growing government initiatives for developing technological products and the existence of major companies in the Region such as Thermo fisher scientific, and Migali scientific.

Source: DataM Intelligence Analysis (2019)

Competitive Landscape

The Medical Refrigerators for Vaccine Storage market is highly competitive, owing to the presence of big market players in the industry. The key Medical Refrigerators for Vaccine Storage players which are contributing to the growth of the global market include Standex (ABS), Fiocchetti, SO-LOW, Zhongke Duling, Aucma, Labcold, TEMPSTABLE, INDREL, HAIER, Panasonic, and HELMER, among others. The major players are adopting new product launch and expansion strategies for global growth in the Medical Refrigerators for Vaccine Storage market.  

Panasonic:

Panasonic Corp. engages in the development, manufacture, and sale of electrical products. It operates through the following segments: Appliances, Eco Solutions, Connected Solutions Company, Automotive and Industrial Systems, and Others. The Appliances segment develops and manufactures white goods such as vacuum cleaner, washing machine, refrigerator, and air conditioner; as well as health and beauty products. The Eco Solutions segment handles development, manufacture and sale of lighting fixtures and electric lamps including LED lighting, solar photovoltaic systems, wiring devices, interior furnishing materials, water-related products, ventilation and air-conditioning equipment, air purifiers, and others. The Connected Solutions segment offers system integration, installation, support, and maintenance services for aviation, manufacturing, entertainment, retail, and logistics. The Automotive and Industrial System segment develops, manufactures, sells and provide services for car-use-multimedia-related equipment, electrical components, lithium-ion batteries, storage batteries, dry batteries, electronic components, electronic materials, automation controls, semiconductors, optical devices, electronic-components-mounting machines, welding equipment, bicycles, and others. The Others segment deal with detached housing, rental apartment housing, land and buildings for sale, home remodeling, imported materials and components, and others. The company was founded by Konosuke Matsushita on March 7, 1918 and is headquartered in Osaka, Japan. Product Portfolio: The Company's portfolio comprises controlled auto defrost and controlled room temperature, and others

Why Purchase the Report?

  • Visualize the Medical Refrigerators for Vaccine Storage market segmentation composition by type, application, and Region, highlighting the critical commercial assets and players.
  • Identify commercial opportunities in the Medical Refrigerators for Vaccine Storage market by analyzing trends and co-development deals.
  • Excel data sheet with thousands of data points of Medical Refrigerators for Vaccine Storage market - level 3 segmentation.
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  • Product mapping in excel for the key product of all major market players

The global Medical Refrigerators for Vaccine Storage market report would provide access to an approx. 51 market data table, 45 figures and 202 pages.

Target Audience

  • Service Providers/ Buyers
  • Industry Investors/Investment Bankers
  • Education & Research Institutes
  • Research Professionals
  • Emerging Companies
  • Manufacturers

Suggestions for Related Market Report:

  • Covid-19 Antibody Detection kits Market
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Table of Contents

  1. Medical Refrigerators for Vaccine Storage Market Methodology and Scope

    1. Research Methodology
    2. Research Objective and Scope of the Report
  2. Medical Refrigerators for Vaccine Storage Market – Market Definition and Overview

  3. Medical Refrigerators for Vaccine Storage Market – Executive Summary

    1. Market Snippet by Type
    2. Market Snippet by Application
    3. Market Snippet by Region
  4. Medical Refrigerators for Vaccine Storage Market – Market Dynamics

    1. Market Impacting Factors
      1. Drivers
        1. Rising number of chronic diseases across the globe
        2. Increase in technological development.
      2. Restraints:
        1. high costs and preference for refurbished devices
      3. Impact Analysis
  5. Medical Refrigerators for Vaccine Storage Market – Industry Analysis

    1. Porter's Five Forces Analysis
    2. Supply Chain Analysis
    3. Value Chain Analysis
    4. PEST Analysis
    5. Pricing Analysis
    6. Regulatory Analysis
    7. Reimbursement Analysis
    8. Unmet Needs
    9. Patent Trends
  6. Medical Refrigerators for Vaccine Storage Market – COVID-19 Analysis

    1. Analysis of Covid-19 on the Market
      1. Before COVID-19 Market Scenario
      2. Present COVID-19 Market Scenario
      3. After COVID-19 or Future Scenario
    2. Pricing Dynamics Amid Covid-19
    3. Demand-Supply Spectrum
    4. Government Initiatives Related to the Market During Pandemic
    5. Manufacturers Strategic Initiatives
    6. Conclusion 
  7. Medical Refrigerators for Vaccine Storage Market – By Type

    1. Introduction
    2. Market Size Analysis, and Y-o-Y Growth Analysis (%), By Type Segment
    3. Market Attractiveness Index, By Type Segment
      1. Blood bank refrigerators
        1. Introduction
        2. Market Size Analysis, and Y-o-Y Growth Analysis (%)
      2. Plasma freezers
      3. Lab freezers
      4. Lab refrigerators
      5.  Ultra-low temperature freezers
      6. Shock freezers
  8. Medical Refrigerators for Vaccine Storage Market – By Application

    1. Introduction
    2. Market Size Analysis, and Y-o-Y Growth Analysis (%), By Application Segment
    3. Market Attractiveness Index, By Application Segment
      1. Blood bank
        1. Introduction
        2. Market Size Analysis, and Y-o-Y Growth Analysis (%)
      2. Pharmacies
      3. Hospitals
      4. Research labs
      5. Diagnostic centers
  9. Medical Refrigerators for Vaccine Storage Market – By Region

    1. Introduction
    2. Market Size Analysis, and Y-o-Y Growth Analysis (%), By Region
    3. Market Attractiveness Index, By Region
    4. North America
      1. Introduction
      2. Key Region-Specific Dynamics
      3. Market Size Analysis, and Y-o-Y Growth Analysis (%), By Type
      4. Market Size Analysis, and Y-o-Y Growth Analysis (%), By Application
      5. Market Size Analysis, and Y-o-Y Growth Analysis (%), By Country
        1. U.S.
        2. Canada
        3. Mexico
    5. Europe
      1. Introduction
      2. Key Region-Specific Dynamics
      3. Market Size Analysis, and Y-o-Y Growth Analysis (%), By Type
      4. Market Size Analysis, and Y-o-Y Growth Analysis (%), By Application
      5. Market Size Analysis, and Y-o-Y Growth Analysis (%), By Country
        1. Germany
        2. U.K.
        3. France
        4. Italy
        5. Spain
        6. Rest of Europe
    6. South America
      1. Introduction
      2. Key Region-Specific Dynamics
      3. Market Size Analysis, and Y-o-Y Growth Analysis (%), By Type
      4. Market Size Analysis, and Y-o-Y Growth Analysis (%), By Application
      5. Market Size Analysis, and Y-o-Y Growth Analysis (%), By Country
        1. Brazil
        2. Argentina
        3. Rest of South America
    7. Asia Pacific
      1. Introduction
      2. Key Region-Specific Dynamics
      3. Market Size Analysis, and Y-o-Y Growth Analysis (%), By Type
      4. Market Size Analysis, and Y-o-Y Growth Analysis (%), By Application
      5. Market Size Analysis, and Y-o-Y Growth Analysis (%), By Country
        1. China
        2. India
        3. Japan
        4. Australia
        5. Rest of Asia Pacific
    8. Middle East and Africa
      1. Introduction
      2. Key Region-Specific Dynamics
      3. Market Size Analysis, and Y-o-Y Growth Analysis (%), By Type
      4. Market Size Analysis, and Y-o-Y Growth Analysis (%), By Application
      5. Market Size Analysis, and Y-o-Y Growth Analysis (%), By Country
  10. Medical Refrigerators for Vaccine Storage Market – Competitive Landscape

    1. Competitive Scenario
    2. Market Positioning/Share Analysis
    3. Mergers and Acquisitions Analysis
  11. Medical Refrigerators for Vaccine Storage Market- Company Profiles

    1. Standex (ABS)
      1. Company Overview
      2. Product Portfolio and Description
      3. Key Highlights
      4. Financial Overview
    2. Fiocchetti
    3. SO-LOW
    4. Zhongke Duling
    5. Aucma
    6. Labcold
    7. TEMPSTABLE
    8. INDREL
    9. HAIER
    10. Panasonic,
    11. HELMER (List Not Exhaustive)
  12. Medical Refrigerators for Vaccine Storage Market – Premium Insights

  13. Medical Refrigerators for Vaccine Storage Market – DataM Intelligence Analysis

    1. Appendix
    2. About Us and Services
    3. Contact Us

 

List of Tables & Figures

List of Tables 
Table 1 Global Medical Refrigerators for Vaccine Storage Market Value, By Type, 2019, 2023 & 2027 (US$ Million)
Table 2 Global Medical Refrigerators for Vaccine Storage Market Value, By Application, 2019, 2023 & 2027 (US$ Million)
Table 3 Global Medical Refrigerators for Vaccine Storage Market Value, By Region, 2019, 2023 & 2027 (US$ Million)
Table 4 North America Medical Refrigerators for Vaccine Storage Market Value, By Type, 2019, 2023 & 2027 (US$ Million)
Table 5 North America Medical Refrigerators for Vaccine Storage Market Value, By Application, 2019, 2023 & 2027 (US$ Million)
Table 6 North America Medical Refrigerators for Vaccine Storage Market Value, By Country, 2018-2027 (US$ Million)
Table 7 South America Medical Refrigerators for Vaccine Storage Market Value, By Type, 2019, 2023 & 2027 (US$ Million)
Table 8 South America Medical Refrigerators for Vaccine Storage Market Value, By Application, 2019, 2023 & 2027 (US$ Million)
Table 9 South America Medical Refrigerators for Vaccine Storage Market Value, By Country, 2018-2027 (US$ Million)
Table 10 Europe Medical Refrigerators for Vaccine Storage Market Value, By Type, 2019, 2023 & 2027 (US$ Million)
Table 11 Europe Medical Refrigerators for Vaccine Storage Market Value, By Application, 2019, 2023 & 2027 (US$ Million)
Table 12 Europe Medical Refrigerators for Vaccine Storage Market Value, By Country, 2018-2027 (US$ Million)
Table 13 Asia Pacific Medical Refrigerators for Vaccine Storage Market Value, By Type, 2019, 2023 & 2027 (US$ Million)
Table 14 Asia Pacific Medical Refrigerators for Vaccine Storage Market Value, By Application, 2019, 2023 & 2027 (US$ Million)
Table 15 Asia Pacific Medical Refrigerators for Vaccine Storage Market Value, By Country, 2019, 2023 & 2027 (US$ Million)
Table 16 The Middle East & Africa Medical Refrigerators for Vaccine Storage Market Value, By Type, 2019, 2023 & 2027 (US$ Million)
Table 17 The Middle East & Africa Medical Refrigerators for Vaccine Storage Market Value, By Application, 2019, 2023 & 2027 (US$ Million)
Table 18 The Middle East & Africa Medical Refrigerators for Vaccine Storage Market Value, By Country, 2019, 2023 & 2027 (US$ Million)
Table 19 Standex (ABS) : Overview
Table 20 Standex (ABS) : Product Portfolio
Table 21 Standex (ABS) : Key Developments
Table 22  Fiocchetti : Overview
Table 23  Fiocchetti : Product Portfolio
Table 24  Fiocchetti : Key Developments
Table 25  SO-LOW : Overview
Table 26  SO-LOW : Product Portfolio
Table 27  SO-LOW : Key Developments
Table 28 Zhongke Duling : Overview
Table 29 Zhongke Duling : Product Portfolio
Table 30 Zhongke Duling : Key Developments
Table 31 Aucma : Overview
Table 32 Aucma : Product Portfolio
Table 33 Aucma : Key Developments
Table 34 Labcold : Overview
Table 35 Labcold : Product Portfolio
Table 36 Labcold : Key Developments
Table 37 TEMPSTABLE: Overview
Table 38 TEMPSTABLE: Product Portfolio
Table 39 TEMPSTABLE: Key Developments
Table 40 INDREL: Overview
Table 41 INDREL: Product Portfolio
Table 42 INDREL: Key Developments
Table 43 HAIER: Overview
Table 44 HAIER: Product Portfolio
Table 45 HAIER: Key Developments
Table 46 Panasonic,: Overview
Table 47 Panasonic,: Product Portfolio
Table 48 Panasonic,: Key Developments
Table 49 HELMER: Overview
Table 50 HELMER: Product Portfolio
Table 51 HELMER: Key Developments

List of Figures

Figure 1 Global Medical Refrigerators for Vaccine Storage Market Share, By Type, 2019 & 2027 (%)
Figure 2 Global Medical Refrigerators for Vaccine Storage Market Share, By Application, 2019 & 2027 (%)
Figure 3 Global Medical Refrigerators for Vaccine Storage Market Share, By Region, 2019 & 2027 (%)
Figure 4 Global Medical Refrigerators for Vaccine Storage Market Value, 2018-2027 (US$ Million)
Figure 5 Global Medical Refrigerators for Vaccine Storage Market Y-o-Y Growth, By Type, 2019-2027 (%)
Figure 6 Organic: Global Medical Refrigerators for Vaccine Storage Market Value, 2018-2027 (US$ Million)
Figure 7 Conventional: Global Medical Refrigerators for Vaccine Storage Market Value, 2018-2027 (US$ Million)
Figure 8 Global Medical Refrigerators for Vaccine Storage Market Y-o-Y Growth, By Application, 2019-2027 (%)
Figure 9 Beauty Salon: Global Medical Refrigerators for Vaccine Storage Market Value, 2018-2027 (US$ Million)
Figure 10 Pharmacy/drugstores: Global Medical Refrigerators for Vaccine Storage Market Value, 2018-2027 (US$ Million)
Figure 11 Specialty outlets: Global Medical Refrigerators for Vaccine Storage Market Value, 2018-2027 (US$ Million)
Figure 12 Online Retailing: Global Medical Refrigerators for Vaccine Storage Market Value, 2018-2027 (US$ Million)
Figure 13 Global Medical Refrigerators for Vaccine Storage Market Y-o-Y Growth, By Region, 2019-2027 (%)
Figure 14 North America Medical Refrigerators for Vaccine Storage Market Value, 2018-2027 (US$ Million)
Figure 15 North America Medical Refrigerators for Vaccine Storage Market Share, By Type, 2019 & 2027 (%)
Figure 16 North America Medical Refrigerators for Vaccine Storage Market Share, By Application, 2019 & 2027 (%)
Figure 17 North America Medical Refrigerators for Vaccine Storage Market Share, By Type, 2019 & 2027 (%)
Figure 18 North America Medical Refrigerators for Vaccine Storage Market Share, By Country, 2019 & 2027 (%)
Figure 19 South America Medical Refrigerators for Vaccine Storage Market Value, 2018-2027 (US$ Million)
Figure 20 South America Medical Refrigerators for Vaccine Storage Market Share, By Type, 2019 & 2027 (%)
Figure 21 South America Medical Refrigerators for Vaccine Storage Market Share, By Application, 2019 & 2027 (%)
Figure 22 South America Medical Refrigerators for Vaccine Storage Market Share, By Country, 2019 & 2027 (%)
Figure 23 Europe Medical Refrigerators for Vaccine Storage Market Value, 2018-2027 (US$ Million)
Figure 24 Europe Medical Refrigerators for Vaccine Storage Market Share, By Type, 2019 & 2027 (%)
Figure 25 Europe Medical Refrigerators for Vaccine Storage Market Share, By Application, 2019 & 2027 (%)
Figure 26 Europe Medical Refrigerators for Vaccine Storage Market Share, By Country, 2019 & 2027 (%)
Figure 27 Asia-Pacific Medical Refrigerators for Vaccine Storage Market Value, 2018-2027 (US$ Million)
Figure 28 Asia-Pacific Medical Refrigerators for Vaccine Storage Market Share, By Type, 2019 & 2027 (%)
Figure 29 Asia-Pacific Medical Refrigerators for Vaccine Storage Market Share, By Application, 2019 & 2027 (%)
Figure 30 Asia-Pacific Medical Refrigerators for Vaccine Storage Market Share, By Country, 2019 & 2027 (%)
Figure 31 The Middle East & Africa Medical Refrigerators for Vaccine Storage Market Value, 2018-2027 (US$ Million)
Figure 32 The Middle East & Africa Medical Refrigerators for Vaccine Storage Market Share, By Type, 2019 & 2027 (%)
Figure 33 The Middle East & Africa Medical Refrigerators for Vaccine Storage Market Share, By Application, 2019 & 2027 (%)
Figure 34 The Middle East & Africa Medical Refrigerators for Vaccine Storage Market Share, By Country, 2019 & 2027 (%)
Figure 35 Standex (ABS): Financials
Figure 36  Fiocchetti: Financials
Figure 37  SO-LOW: Financials
Figure 38 Zhongke Duling: Financials
Figure 39 Aucma: Financials
Figure 40 Labcold: Financials
Figure 41 TEMPSTABLE: Financials
Figure 42 INDREL: Financials
Figure 43 HAIER: Financials
Figure 44 Panasonic: Financials
Figure 45 HELMER: Financials

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