U.S. Medical Cold Storage Market Global Analysis and Forecast To 2030

The U.S. medical cold storage market size was valued at USD 1.48 billion in 2022 and is projected to grow from USD 1.02 billion in 2023 to USD 1.46 billion by 2030, exhibiting a CAGR of 5.3% during the forecast period.

A new research publication focusing on "U.S. Medical Cold Storage Market" has been released by Fortune Business Insights. This extensive industry report provides an introduction to new trends that can help businesses in the U.S. Medical Cold Storage Market industry understand the market and develop growth strategies accordingly. The report examines the market scope, industry segments, key drivers for development, major segments, and SWOT analysis.

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Information about the report:

·         Forecast Timeframe: 2023-2030

·         The starting year is 2023

·         Market Size in 2022: USD 1.48 billion

·         The market size in 2030 will be USD 1.46 billion

·         CAGR: 5.3%

·         Segments Included: Product Type, Storage and Geographic region

Top Key Vendors of this U.S. Medical Cold Storage Market are:

  • Thermo Fisher Scientific Inc. (U.S.)
  • Haier Biomedical (China)
  • PHC Holdings Corporation (Japan)
  • Helmer Scientific Inc. (U.S.)
  • BioLife Solutions Inc. (U.S.)
  • Accucold (U.S.)
  • FOLLET PRODUCTS, LLC. (U.S.)
  • Eppendorf SE (Germany)
  • VESTFROST SOLUTIONS (Denmark)

Market Drivers:

The demand for vaccines and biologics is on the rise due to the increasing patient population suffering from various conditions. This growing demand is further fueled by the pharmaceutical and biotechnological companies' research and development activities, as well as the rising awareness among the general population about the importance of vaccines. As a result, there is a significant increase in the demand for vaccines and biologics in the country.

Scope of the Report:

This study on U.S. Medical Cold Storage Market examines the worldwide and local markets, providing a thorough analysis of the market's overall growth potential. Additionally, it illuminates the complete competitive landscape of the global market. The report also presents a dashboard summary of the top key players, including their effective marketing strategies, market share, and recent developments in both past and current contexts.

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Regional Analysis for U.S. Medical Cold Storage Market:

The healthcare facilities are witnessing an increased demand for medical refrigerators and freezers due to the rising focus of market players on technological advancements. These advancements have resulted in improved features and functionalities, making these products more desirable for healthcare facilities. However, the high costs associated with the installation and maintenance of these products pose a significant challenge to the market growth.

Report contents include:

  • Historical data and forecast.
  • Analysis of the U.S. Medical Cold Storage Market market including revenues, future growth, market outlook.
  • Regional analysis including growth estimates.
  • Analyzes the end user markets including growth estimates.
  • Profiles on U.S. Medical Cold Storage Market including products, sales/revenues, and market position.
  • Market structure, market drivers, and restraints.

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Segmentation:

The U.S. medical cold storage market is categorized into different product types, including Ultra-Low Temperature (ULT) freezers, low temperature freezers, blood bank refrigerators, low temperature refrigerators, and others. Among these, the ULT freezers held the largest market share in 2022. This dominance can be attributed to the increased demand for ULT freezers during the COVID-19 pandemic for storing and distributing COVID-19 vaccines in the country.

Furthermore, market players are actively focusing on developing and introducing new technologies in their products, which is anticipated to drive the growth of this segment during the forecast period. 

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Related Reports:

Dental Obturators Market

3D Mammography Systems Market

Tympanometers Market

Indirect Calorimeter Market

Gene Therapy

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