Mortuary Refrigerator Market: Global Size, Trends, Competitive, Historical & Forecast Analysis, 2020-2030

 

Mortuary Refrigerator: Introduction

  • Mortuary refrigerators operate as low temperature refrigerated cabinets and are used to keep dead bodies for a long- or short-time frame.
  • Mostly, mortuary refrigerators are connected with a digital PID controller to maintain temperature between 2°C - 5°C. It also has displays for PV (process value) and SV (set value).

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Key Drivers of the Global Mortuary Refrigerator Market

  • Major factors driving the global mortuary refrigerator market are technical advancement in product designing and penetration of nanotechnology in the refrigeration industry.
  • Furthermore, rising number of mortuary refrigeration centers in metro cities are creating demand for mortuary refrigerators. Many NGOs are promoting the availability of the product in different countries.
  • The trend of organ donation has created huge opportunity in the mortuary refrigerator market. Several organizations are expanding their mortuary refrigeration centers to keep organs alive for a particular timeline. Rising number of medical institutes coupled with increasing number of forensic laboratories at the global level is expected to boost the growth of the mortuary refrigerator market during the forecast period 2020 to 2030.

Rising Number of Hospitals to Create New Market Opportunities

  • Government and private sector investment in healthcare industry is propelling the number of hospitals and nursing homes at the global level. This factor is expected to boost the growth of the mortuary refrigerator market over the forecast period 2020 to 2030.

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Government Restrictions on Body Storage in Many Countries to Restrict Market Growth

  • Governments of many countries are creating regulations on the timeline to dispose a dead body. This factor is decreasing the sales volume of new mortuary refrigerators.

North America the Dominant Market for Mortuary Refrigerators

  • North America and Europe accounted for significant share of the mortuary refrigerator market, with major players operating their global market from these regions. Major consumers of mortuary refrigerators are from the U.S., Germany, U.K. and France.
  • Asia Pacific was the fastest growing mortuary refrigerator market in 2018. Increasing number of hospitals and medical institutes in developing economies such as China, India, Bangladesh, and Sri Lanka is expected to boost the market growth.

The global mortuary refrigerator market is slightly fragmented in nature. Companies are working on product innovation and development. Furthermore, key companies are adopting the merger and acquisition strategy to improve their market revenue at the global level. Small scale players are trying to increase their sales by improving their domestic market share. Some of the key players operating in the global mortuary refrigerator market are listed below:

  • Paragon care Ltd.
  • LEEC
  • Hygeco
  • Mortech Manufacturing
  • Bally Refrigerated Boxes
  • Barber Medical
  • CEABIS
  • EIHF Isofroid
  • EVERmed
  • Fiocchetti
  • Funeralia
  • Thermo Fisher Scientific

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Global Mortuary Refrigerator Market: Research Scope

Global Mortuary Refrigerator Market, by Application

  • Hospitals
  • Forensics
  • Clinicals
  • Others

Global Mortuary Refrigerator Market, by Region

  • North America
    • U.S.
    • Canada
    • Rest of North America
  • Western Europe
    • Germany
    • U.K.
    • France
    • Spain
    • Italy
    • Nordic countries
    • Belgium
    • Netherlands
    • Luxembourg
    • Rest of Western Europe
  • Eastern Europe
    • Poland
    • Russia
    • Rest of Eastern Europe
  • Asia Pacific
    • China
    • India
    • Japan
    • ASEAN
    • Australia
    • New Zealand
    • Rest of Asia Pacific
  • Middle East & Africa
    • GCC
    • South Africa
    • North Africa
    • Rest of Middle East & Africa
  • Latin America
    • Mexico
    • Brazil
    • Peru
    • Chile
    • Rest of Latin America

The report on the global mortuary refrigerator market is a compilation of first-hand information, qualitative and quantitative assessment by industry analysts, and inputs from industry experts and industry participants across the value chain. The report provides in-depth analysis of parent market trends, macroeconomic indicators, and governing factors, along with market attractiveness as per segments. The report also maps the qualitative impact of various factors on market segments and regions.

This study by TMR is all-encompassing framework of the dynamics of the market. It mainly comprises critical assessment of consumers' or customers' journeys, current and emerging avenues, and strategic framework to enable CXOs take effective decisions.

Our key underpinning is the 4-Quadrant Framework EIRS that offers detailed visualization of four elements:

  • Customer Experience Maps
  • Insights and Tools based on data-driven research
  • Actionable Results to meet all the business priorities
  • Strategic Frameworks to boost the growth journey

The study strives to evaluate the current and future growth prospects, untapped avenues, factors shaping their revenue potential, and demand and consumption patterns in the global market by breaking it into region-wise assessment.

The following regional segments are covered comprehensively:

  • North America
  • Asia Pacific
  • Europe
  • Latin America
  • The Middle East and Africa

The EIRS quadrant framework in the report sums up our wide spectrum of data-driven research and advisory for CXOs to help them make better decisions for their businesses and stay as leaders.

Below is a snapshot of these quadrants.

1. Customer Experience Map

The study offers an in-depth assessment of various customers’ journeys pertinent to the market and its segments. It offers various customer impressions about the products and service use. The analysis takes a closer look at their pain points and fears across various customer touchpoints. The consultation and business intelligence solutions will help interested stakeholders, including CXOs, define customer experience maps tailored to their needs. This will help them aim at boosting customer engagement with their brands.

2. Insights and Tools

The various insights in the study are based on elaborate cycles of primary and secondary research the analysts engage with during the course of research. The analysts and expert advisors at TMR adopt industry-wide, quantitative customer insights tools and market projection methodologies to arrive at results, which makes them reliable. The study not just offers estimations and projections, but also an uncluttered evaluation of these figures on the market dynamics. These insights merge data-driven research framework with qualitative consultations for business owners, CXOs, policy makers, and investors. The insights will also help their customers overcome their fears.

3. Actionable Results

The findings presented in this study by TMR are an indispensable guide for meeting all business priorities, including mission-critical ones. The results when implemented have shown tangible benefits to business stakeholders and industry entities to boost their performance. The results are tailored to fit the individual strategic framework. The study also illustrates some of the recent case studies on solving various problems by companies they faced in their consolidation journey.

4. Strategic Frameworks

The study equips businesses and anyone interested in the market to frame broad strategic frameworks. This has become more important than ever, given the current uncertainty due to COVID-19. The study deliberates on consultations to overcome various such past disruptions and foresees new ones to boost the preparedness. The frameworks help businesses plan their strategic alignments for recovery from such disruptive trends. Further, analysts at TMR helps you break down the complex scenario and bring resiliency in uncertain times.

The report sheds light on various aspects and answers pertinent questions on the market. Some of the important ones are:

1. What can be the best investment choices for venturing into new product and service lines?

2. What value propositions should businesses aim at while making new research and development funding?

3. Which regulations will be most helpful for stakeholders to boost their supply chain network?

4. Which regions might see the demand maturing in certain segments in near future?

5. What are the some of the best cost optimization strategies with vendors that some well-entrenched players have gained success with?

6. Which are the key perspectives that the C-suite are leveraging to move businesses to new growth trajectory?

7. Which government regulations might challenge the status of key regional markets?

8. How will the emerging political and economic scenario affect opportunities in key growth areas?

9. What are some of the value-grab opportunities in various segments?

10. What will be the barrier to entry for new players in the market?

Note: Although care has been taken to maintain the highest levels of accuracy in TMR’s reports, recent market/vendor-specific changes may take time to reflect in the analysis.

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