The Business Research Company’s global market reports are now updated with the latest market sizing information for the year 2023 and forecasted to 2032

The rising healthcare infrastructure is likely to stimulate innovation in the manufacture of laboratory refrigerators and ovens, boosting the market over the forecast period.

The global laboratory refrigerators and ovens market is expected to grow from $1.36 billion in 2022 to $1.44 billion in 2023 at a compound annual growth rate (CAGR) of 5.4%. The global laboratory refrigerators and ovens market size is expected to reach $1.79 billion in 2027 at a CAGR of 5.7%.

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Global Laboratory Refrigerators And Ovens Market Segments Include:

• By Laboratory Refrigerators: General Purpose Lab Refrigerator, Explosion Proof Refrigerator, Portable Refrigerator, Sub-Zero Refrigerator, Walk-In Refrigerator
• By Laboratory Ovens: General Purpose Lab Ovens, Vacuum Ovens
• By Distribution Channel: Hospital Pharmacies, Retail Pharmacies, Online Stores
• By Geography: The market is segmented into North America, South America, Asia-Pacific, Eastern Europe, Western Europe, Middle East and Africa. Among these regions, North America is the largest region in the global laboratory refrigerators and ovens market in 2021.

Major Market Players in the laboratory refrigerators and ovens market include Haier Biomedical, Cole-Parmer Instrument Company, Eppendorf AG, Helmer Scientific, Chart Industries Inc., Labcold Ltd., NuAire Inc., AGA Marvel, Philipp Kirsch GmbH.

Product improvements are a prominent trend in the laboratory refrigerators and ovens industry. To maintain their market position, major players in the laboratory refrigerators and ovens market are launching innovative products. For example, Haier Biomedical, a UK-based sustainable products and services provider to the life science sector, will release the DW-86L828ST, a new-generation ULT (ultra low temperature) freezer, in June 2022. This device combines dual-system refrigeration technology with sophisticated frequency converter technology in a unique way, providing double security and industry-leading ultra-low energy performance. Furthermore, the product has been synergistically combined with leading energy-saving refrigeration technologies such as the HC refrigeration system, intelligent frequency conversion technology, and frequency conversion compressor.

The Laboratory Refrigerators And Ovens Global Market Report 2023 provides a laboratory refrigerators and ovens market overview for the time series: historic years (2010 – 2021) and ten years forecast (2023 – 2032). The laboratory refrigerators and ovens market forecast analyzes laboratory refrigerators and ovens market size, laboratory refrigerators and ovens market share, leading competitor market positions. The regions covered in the report include Asia-Pacific, China, Western Europe, Eastern Europe, North America, USA, South America, Middle East and Africa and the countries include Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA.

Laboratory refrigerators and ovens are temperature monitoring and control devices with digital controls, glass doors, and alarm systems. These are used to keep biological items at precisely controlled temperatures, such as immunisations, drugs, blood samples, and breast milk supplies.

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