PUBLISHER: Market Research Future | PRODUCT CODE: 1532337
PUBLISHER: Market Research Future | PRODUCT CODE: 1532337
India Medical Refrigeration Market Research Report Data Analysis by product type (Blood Bank Refrigerators, Laboratory Refrigerators, Pharmacy Refrigerators, Chromatography Refrigerators, Enzyme Refrigerators, Plasma Freezers, Ultra-Low Temperature Freezers, and Agriculture & Farming Refrigerators), By door type (Single Door, and Double Door), By End Use (Blood Banks, Pharmaceutical Companies, Hospitals & Clinics, Pharmacies, Chemical Industries, Agriculture Industries, Food Industries, Military, and Others), By Region- Forecast to 2032
Market Summary
The medical refrigeration market in India is anticipated to grow at a compound annual growth rate of 6.88%. Pharmaceutical and laboratory preparations can be kept cool and safely in medical refrigerators. Pharmaceuticals that need to be kept at a certain temperature, such as vaccinations, are kept in pharmacy freezers. The purpose of blood bank freezers is to maintain proper humidity and temperature control for blood products such as platelets and whole blood. In addition, the chemical and food industries use a variety of refrigerators, including laboratory refrigerators and enzyme freezers. In a similar vein, the military and agricultural employ refrigerators for pharmacy and blood bank supplies and agriculture seeds (which must be kept at a specified temperature).
Over the study period, the Indian medical refrigeration market is expected to grow at a rapid pace due to increased disease prevalence and increasing strategic initiatives related to medical refrigerators. The expansion of the Indian market is anticipated to be hampered by the high initial and ongoing expenditures of medical refrigerators. However, it is projected that unexplored prospects, like an aging population, population growth, and government campaigns to support immunization programs in India, will present profitable chances for the actors involved in the Indian market.
India's medical refrigeration market has been divided into segments based on product type, including plasma freezers, ultra-low temperature freezers, blood bank refrigerators, laboratory refrigerators, pharmacy refrigerators, chromatography refrigerators, and enzyme refrigerators.
The India medical refrigeration market is divided into single door and double door segments based on the kind of door. During the 2023-2032 forecast period, the single door sector is expected to grow at the quickest rate. In 2022, it led the market.
The blood banks, drug manufacturers, hospitals & clinics, pharmacies, chemical, food, and agriculture industries, as well as the military, are the end users that make up the India medical refrigeration industry.
Geographically speaking, the India medical refrigeration market is divided into five regions: east, west, south, north, and central. The market's leading segment in 2022 was the north, and during the forecast period of 2023-2022, it is anticipated to grow at the quickest rate.
The key players in the Eppendorf SE, Smeg Instruments, B Medical Systems, Helmer Scientific, Haier Biomedical, Blue Star Limited, PHC Holdings Corporation, Terumo Corporation, Godrej & Boyce Manufacturing Co Ltd.