Global Undercounter Refrigerators Market Analysis and Forecast 2022-2030
The global Undercounter Refrigerators Market is projected to grow at a CAGR of 4.6% during the forecast period 2022 to 2030.
Undercounter Refrigerators Market Overview:
Undercounter refrigerators are refrigerators specifically designed for the preservation of medicines, medicines, vaccines, plasma and other blood components, temperature sensitive biologicals and other pharmaceutical products. Breast milk can be stored in the hospital room with the help of an under-counter refrigerator. In essence, undercounter refrigerators are small and quiet enough for hospital room use, and are available in multiple temperature modes for small to medium applications.
Undercounter refrigerators and freezers vary in basic application and temperature uniformity. Undercounter refrigerators have a temperature uniformity of ±3°C, while freezers have a temperature uniformity of ±5°C. Under counter refrigerators are widely used in hospitals, diagnostic centers, laboratories, pharmacies, blood banks and educational institutions. Biological samples stored in Undercounter refrigerators require precise conditions for effective storage. Growing demand for custom Undercounter refrigerators with specifications such as glass doors and decorative installations is a key factor expected to propel demand in the future.
Undercounter Refrigerators market size estimates and forecasts are provided in terms of sales volume (K units) and revenue (million USD), with historical and forecast data for the period 2017 to 2030, with 2022 being considered as the base year. This report segments the global Undercounter Refrigerators market in detail. Regional market sizes related to products by type, by application, and by player are also delivered. In estimating the size of the market, we took into account the impact of COVID-19 and other global crisis.
Significant Undercounter Refrigerators Market Dynamics and Growth Factors:
Growing demand for blood transfusions, organ transplants, cell therapy, and personalized vaccine development is driving the demand for undercounter refrigerators. In addition to this, it is expected that the acceptance of under-counter refrigerators will increase as research in the field of stem cells and medicine increases. Therefore, the demand for undercounter refrigerators is expected to soar as investment in research activities in the pharmaceutical, healthcare, and life sciences sectors increases. Market players are focusing on the development of various technologies to provide efficient cooling for pharmaceuticals, research samples, blood and its components.
The Undercounter Refrigerators market research report is categorized based on type, applications and region.
Market Key Players:
Thermo Fisher Scientific Inc., Philipp Kirsch GmbH, Panasonic Healthcare Co., Helmer Scientific, ARCTIKO, VWR International, LLC, Haier Biomedical, Eppendorf AG, , Biomedical Solutions Inc., Terumo Corporation EVERMED srl, and others.
- Top freezer refrigerator
- Side-by-Side refrigerator
- Bottom freezer refrigerator
- French door refrigerator
- Counter-depth refrigerator
- Mini Fridge
- Ambulatory surgical centres
- Specialty clinics
- Retail pharmacy
- Pharmaceutical companies
Geographically, the global Undercounter Refrigerators market has been analysed in various regions such as North America, Europe, Asia Pacific, Latin America and Middle East & Africa (MEA).
North America is expected to be a prominent region in the global undercounter refrigerators market owing to technological advancements, availability of developed healthcare infrastructure, and increasing demand for storage equipment in the region. Europe is also expected to be a lucrative market for undercounter refrigerators due to increased investments by manufacturers in the region. Asia Pacific is expected to be a fast-growing market owing to rising demand for undercounter refrigerators, developing healthcare infrastructure and increasing number of healthcare facilities in the region.
The Central and South America undercounter refrigerators market is expected to witness steady growth owing to the increasing number of healthcare facilities in the region. The Middle East and Africa region is expected to be the least profitable market due to the region's underdeveloped healthcare infrastructure.
- North America
- Rest of North America
- Nordic Countries
- Benelux Union
- The Netherlands
- Rest of Europe
- South Korea
- Southeast Asia
- Rest of Southeast Asia
- Rest of Asia-Pacific
- The Middle East & Africa
- Saudi Arabia
- South Africa
- Rest of the Middle East & Africa
- Latin America
- Rest of Latin America
Undercounter Refrigerators Market report scope
CAGR of 4.6% from 2022 to 2030.
Side-by-Side Refrigerator, Bottom Freezer Refrigerator
Hospitals, Ambulatory Surgical Centers, Pharmaceutical Companies
Thermo Fisher Scientific Inc., Philipp Kirsch GmbH, Panasonic Healthcare Co., Helmer Scientific, ARCTIKO, VWR International, LLC, Haier Biomedical, Eppendorf AG, , Biomedical Solutions Inc., Terumo Corporation EVERMED srl
Regions and Countries Covered
2017 to 2022
2023 to 2030
Key Takeaways from this Undercounter Refrigerators Report
- Estimate Undercounter Refrigerators market potential through analysing growth rates (CAGR %), Volume (Units) and Value ($M) data given at country level - for product types, applications and by different industry verticals.
- Understand the supply chain in depth on the value growth at each step, in order to optimize value and bring effectiveness in your processes.
- Know the different dynamics affecting the market - challenges, key driving factors and opportunities.
- Get a quick viewpoint on the Undercounter Refrigerators market entropy - M&A's, deals, partnerships, product launches of all key companies for the historical 5 years.
- Estimate the supply-demand gaps, import-export data and regulatory landscape for more than top 20 countries worldwide for the market.
- Get complete insights on your competitor performance - market shares, strategies, financial benchmarking, product benchmarking, SWOT and more.
- Study the sales and distribution channels over key geographies to improve top-line revenues.
Frequently Asked Questions
At what CAGR is the Undercounter Refrigerators market projected to grow in the forecast period 2022 to 2030?
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Which application segment is expected to drive the growth of the Undercounter Refrigerators market in the next 5 years?
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