Middle East & Africa Medical Refrigerators Market Forecast to 2028 - COVID-19 Impact and Regional Analysis - by Temperature Control Range, Product Type, Design Type, and End User

The Middle East & Africa medical refrigerators market is expected to grow from US$ 304.72 million in 2023 to US$ 376.30 million by 2028. It is estimated to grow at a CAGR of 4.3% from 2023 to 2028.

Growing Emphasis on Temperature Uniformity and Energy Efficiency Drives Middle East & Africa Medical Refrigerators Market

The energy intensity of laboratories has come into focus in recent years due to increased electricity costs and widespread awareness regarding the massive carbon footprint associated with their operations. Most cascade (compressor-based) Ultra-Low Temperature freezers consume as much power as a typical household. Moreover, they generate heat and noise, need a significant amount of electricity, and require frequent maintenance. Biobanks, research laboratories, and other end users of ULT freezers demand uniformity of temperature, along with precise and efficient storage facilities. Medical refrigerator vendors focus on providing temperature uniformity in their products to attract more consumers. These refrigerators also have an extremely low global warming potential, which helps organizations meet their environmental objectives. However, new energy-efficient units that facilitate ~50% reduction in energy consumption, and operate with less heat and noise production are now available in the market. For instance, ECO ULT freezers manufactured by PHC Corporation use natural hydrocarbon (HC) refrigerants to ensure minimal energy consumption, reduced environmental impact, and substantially lower running costs. HC refrigerants have a high latent heat of evaporation; thus, they exhibit greater efficiency in removing heat from the freezer chamber than conventional refrigerants, resulting in up to 55% reduction in energy consumption and costs. Further, Thermo Fisher Scientific unveiled a new range of hydrocarbon-based ULT freezers, offering laboratories a greener solution marked by less power consumption, less noise, and higher efficiency, without compromising the integrity of samples. Thus, the growing emphasis on temperature uniformity and energy efficiency is emerging as a prevalent trend in the Middle East & Africa medical refrigerators market.

Middle East & Africa Medical Refrigerators Market Overview

The demand for medical refrigerators is spurring due to the growing establishment of genetic, organ/tissue-specific, disease-specific, population-based, commercial, and virtual biobanks, among others, especially in Saudi Arabia. The Biological Repository Center at the King Faisal Specialist Hospital & Research Centre (KFSHRC) preserves and stores archived standard tissue samples of frozen tumors for DNA/RNA extraction and analysis. Also, the Saudi Biobank at the KFSHRC of the NGHA was established to conduct a study on common diseases and their associations with genetic composition, lifestyle, and environment. Furthermore, the Eye Bank at the King Khaled Eye Specialist Hospital primarily provides tissue for corneal transplants.

The establishment of diabetes biobanks in the country further enhances the quality of research to manage and prevent diseases. The National Center for Diabetes, Endocrinology, and Genetics, a Jordan-based independent non-profit organization, is affiliated with the Higher Council for Science and Technology. The primary purpose of the organization is to improve diabetes research in the country. Therefore, the increasing number of biobanks triggers the demand for medical refrigerators in the Middle East & Africa.

Middle East & Africa Medical Refrigerators Market Revenue and Forecast to 2028 (US$ Million)

Middle East & Africa Medical Refrigerators Market Segmentation

The Middle East & Africa medical refrigerators market is segmented on the basis of temperature control range, product type, design type, end user, and country.

Based on temperature control range, the Middle East & Africa medical refrigerators market is segmented into between -2°C and -8°C, between -1°C and -50°C, between -51°C and -150°C, and below -151°C. In 2023, the between -1°C and - 50°C segment registered the largest share of the market.

Based on product type, the Middle East & Africa medical refrigerators market is segmented into laboratory refrigerators and freezers, blood bank refrigerators and plasma freezers, pharmacy refrigerators and freezers, cryogenic storage systems, vaccine refrigerators, and others. In 2023, the laboratory refrigerators and freezers segment registered the largest share of the market.

Based on design type, the Middle East & Africa medical refrigerators market is segmented into explosion-proof refrigerators, undercounter medical refrigerators, countertop medical refrigerators, and flammable material storage refrigerators. In 2023, the countertop medical refrigerators segment registered the largest market share.

Based on end user, the Middle East & Africa medical refrigerators market is segmented into hospitals and pharmacies, blood banks, pharmaceutical companies, research institutes, diagnostic centers, and others. In 2023, the hospitals and pharmacies segment accounted for the largest market share.

Based on country, the Middle East & Africa medical refrigerators market is segmented into Saudi Arabia, the UAE, Kuwait, Egypt, South Africa, Kenya, Nigeria and the Rest of Middle East & Africa. In 2023, Saudi Arabia accounted for the largest share of the market.

Thermo Fisher Scientific Inc, Philipp Kirsch GmbH, Godrej & Boyce Manufacturing Co Ltd, Blue Star Ltd, Helmer Scientific Inc.; Vestfrost Solutions; PHC Holdings Corporation; FOLLETT LLC, and Haier Biomedical are the leading companies operating in the Middle East & Africa medical refrigerators market.

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