South & Central America Medical Refrigerators Market Forecast to 2028

According to The Research Team’ research, the South & Central America medical refrigerators market was valued at US$ 198.86 million in 2023 and is expected to reach US$ 237.22 million by 2028, registering a CAGR of 3.6% from 2023 to 2028. Increasing demand for blood and blood components and government support for research activities and clinical trials are the critical factors attributed to the South & Central America medical refrigerators market expansion.

Blood and blood components perform many vital functions in the body. Consequently, severe blood loss could result in life-threatening conditions such as hypovolemic/hemorrhagic shock, which require an immediate blood transfusion to prevent organ failure and death. Blood transfusion is one of the important steps in many surgical procedures, as well as in chemotherapy, stem cell therapy, and organ transplantation procedures; it is also employed in the treatment of acute and chronic diseases caused by deficiencies or defects in plasma proteins or cellular blood components to avoid complications such as life-threatening hemorrhage or to improve the quality of life by blood-related diseases. The need for blood transfusion may arise anytime in urban and rural areas. Unfortunately, millions of people are supplied with unsafe blood due to poor storage and inappropriate checking practices. Blood and blood components can be stored safely in laboratory freezers by adhering to strict regulations. Blood bank refrigerators have evolved to become more than just reliable cold storage devices. These refrigeration units are equipped with compressors and insulated cabinets required of any refrigeration device, and they provide advanced control over temperature, storage contents, warning alarms, and so on. The increasing demand for safe blood and blood components for transfusion has encouraged the manufacturing or development of various types of blood bank freezers; it has also triggered the adoption of ULT freezers for secure storage due to the strict guidelines imposed by the WHO for the storage of blood samples, thereby contributing to the South & Central America medical refrigerators market growth.

On the contrary, high costs associated with ultra-low temperature freezers hurdles the growth of South & Central America medical refrigerators market.

Based on temperature control range, the South & Central America 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. The between – 1°c and – 50°c segment held 40.6% share of South & Central America medical refrigerators market in 2023, amassing US$ 80.71 million. It is projected to garner US$ 98.69 million by 2028 to expand at 4.1% CAGR during 2023–2028.

Based on product type, the South & Central America 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. The laboratory refrigerators and freezers segment held 41.9% share of South & Central America medical refrigerators market in 2023, amassing US$ 83.36 million. It is projected to garner US$ 96.77 million by 2028 to expand at 3.0% CAGR during 2023–2028.

Based on design type, the South & Central America medical refrigerators market is segmented into explosion-proof refrigerators, undercounter medical refrigerators, countertop medical refrigerators, flammable material storage refrigerators. The countertop medical refrigerators segment held 46.6% share of South & Central America medical refrigerators market in 2023, amassing US$ 92.61 million. It is projected to garner US$ 109.30 million by 2028 to expand at 3.4% CAGR during 2023–2028.

Based on end user, the South & Central America medical refrigerators market is segmented into hospitals and pharmacies, blood banks, pharmaceutical companies, research institutes, diagnostic centers, and others. The hospitals and pharmacies segment held 42.2% share of South & Central America medical refrigerators market in 2023, amassing US$ 83.87 million. It is projected to garner US$ 101.49 million by 2028 to expand at 3.9% CAGR during 2023–2028.

Based on country, the South & Central America medical refrigerators market is segmented into Brazil, Argentina, and the Rest of South & Central America. Our regional analysis states that Brazil captured 57.1% share of South & Central America medical refrigerators market in 2023. It was assessed at US$ 113.63 million in 2023 and is likely to hit US$ 137.68 million by 2028, exhibiting a CAGR of 3.9% during the forecast period.

Key players profiles in the South & Central America medical refrigerators market report Thermo Fisher Scientific Inc; Philipp Kirsch GmbH; Helmer Scientific Inc.; Vestfrost Solutions; PHC Holdings Corporation; FOLLETT LLC; and Haier Biomedical, among others.

1. Introduction
1.1 Scope of the Study
1.2 The Research Team Research Report Guidance
1.3 Market Segmentation
1.3.1 South & Central America Medical Refrigerators Market – By Temperature Control Range
1.3.2 South & Central America Medical Refrigerators Market – By Product Type
1.3.3 South & Central America Medical Refrigerators Market – By Design Type
1.3.4 South & Central America Medical Refrigerators Market – By End User
1.3.5 South & Central America Medical Refrigerators market – By Country
2. South & Central America Medical Refrigerators Market – Key Takeaways
3. Research Methodology
3.1 Coverage
3.2 Secondary Research
3.3 Primary Research
4. South & Central America Medical Refrigerators Market – Market Landscape
4.1 Overview
4.2 South & Central America PEST Analysis
4.3 Expert Opinions
5. South & Central America Medical Refrigerators Market– Key Market Dynamics
5.1 Drivers
5.1.1 Increasing Demand for Blood and Blood Components
5.1.2 Technological Advancements in Medical Refrigerators
5.1.3 Growing R&D Activities to Introduce New Drug Compounds
5.2 Market Restraints
5.2.1 Use of Refurbished Equipment
5.2.2 High Costs Associated with Ultra-Low Temperature Freezers
5.3 Future Trends
5.3.1 Growing Emphasis on Temperature Uniformity and Energy Efficiency
5.4 Impact Analysis
6. Medical Refrigerators Market – South & Central America Analysis
6.1 South & Central America Medical Refrigerators Market Revenue Forecast and Analysis
7. South & Central America Medical Refrigerators Market Analysis – By Product Type
7.1 Overview
7.2 South & Central America Medical Refrigerators Market Revenue Share, by Product Type (2022 and 2028)
7.3 Laboratory Refrigerators and Freezers
7.3.1 Overview
7.3.2 Laboratory Refrigerators and Freezers: South & Central America Medical Refrigerators Market – Revenue and Forecast to 2028 (US$ Million)
7.4 Blood Bank Refrigerators and Plasma Freezers
7.4.1 Overview
7.4.2 Blood Bank Refrigerators and Plasma Freezers: South & Central America Medical Refrigerators Market – Revenue and Forecast to 2028 (US$ Million)
7.5 Pharmacy Refrigerators and Freezers
7.5.1 Overview
7.5.2 Pharmacy Refrigerators and Freezers: South & Central America Medical Refrigerators Market – Revenue and Forecast to 2028 (US$ Million)
7.6 Cryogenic Freezers and Storage Systems (including LN2 Cryogenic Storage System)
7.6.1 Overview
7.6.2 Cryogenic Freezers and Storage Systems (including LN2 Cryogenic Storage System): South & Central America Medical Refrigerators Market – Revenue and Forecast to 2028 (US$ Million)
7.7 Vaccine Refrigerator/Freezer
7.7.1 Overview
7.7.2 Vaccine Refrigerator/Freezer: South & Central America Medical Refrigerators Market – Revenue and Forecast to 2028 (US$ Million)
7.8 Others
7.8.1 Overview
7.8.2 Others: South & Central America Medical Refrigerators Market – Revenue and Forecast to 2028 (US$ Million)
8. South & Central America Medical Refrigerators Market Analysis – By Design Type
8.1 Overview
8.2 South & Central America Medical Refrigerators Market Revenue Share, by Design Type (2022 and 2028)
8.3 Countertop Medical Refrigerators
8.3.1 Overview
8.3.2 Countertop Medical Refrigerators: South & Central America Medical Refrigerators Market – Revenue and Forecast to 2028 (US$ Million)
8.4 Undercounter Medical Refrigerators
8.4.1 Overview
8.4.2 Undercounter Medical Refrigerators: South & Central America Medical Refrigerators Market – Revenue and Forecast to 2028 (US$ Million)
8.5 Explosion-Proof Refrigerators
8.5.1 Overview
8.5.2 Explosion-Proof Refrigerators: South & Central America Medical Refrigerators Market – Revenue and Forecast to 2028 (US$ Million)
8.6 Flammable Material Storage Refrigerators
8.6.1 Overview
8.6.2 Flammable Material Storage Refrigerators: South & Central America Medical Refrigerators Market – Revenue and Forecast to 2028 (US$ Million)
9. South & Central America Medical Refrigerators Market Analysis – By Temperature Control Range
9.1 Overview
9.2 South & Central America Medical Refrigerators Market Revenue Share, by Temperature Control Range (2022 and 2028)
9.3 Between -1 to -50 °C
9.3.1 Overview
9.3.2 Between -1 to -50°C: South & Central America Medical Refrigerators Market – Revenue and Forecast to 2028 (US$ Million)
9.4 Between 2 to 8 °C
9.4.1 Overview
9.4.2 Between 2 to 8 °C: South & Central America Medical Refrigerators Market – Revenue and Forecast to 2028 (US$ Million)
9.5 Between -51 to -150 °C
9.5.1 Overview
9.5.2 Between -51 to -150 °C: South & Central America Medical Refrigerators Market – Revenue and Forecast to 2028 (US$ Million)
9.6 Below -151°C
9.6.1 Overview
9.6.2 Below -151°C: South & Central America Medical Refrigerators Market – Revenue and Forecast to 2028 (US$ Million)
10. South & Central America Medical Refrigerators Market Analysis – By End User
10.1 Overview
10.2 South & Central America Medical Refrigerators Market Revenue Share, by End User (2022 and 2028)
10.3 Hospitals and Pharmacies
10.3.1 Overview
10.3.2 Hospitals and Pharmacies: South & Central America Medical Refrigerators Market – Revenue and Forecast to 2028 (US$ Million)
10.4 Blood Banks
10.4.1 Overview
10.4.2 Blood Banks: South & Central America Medical Refrigerators Market – Revenue and Forecast to 2028 (US$ Million)
10.5 Pharmaceutical Companies
10.5.1 Overview
10.5.2 Pharmaceutical Companies: South & Central America Medical Refrigerators Market – Revenue and Forecast to 2028 (US$ Million)
10.6 Diagnostic Centers
10.6.1 Overview
10.6.2 Diagnostic Centers: South & Central America Medical Refrigerators Market – Revenue and Forecast to 2028 (US$ Million)
10.7 Research Institutes
10.7.1 Overview
10.7.2 Research Institutes: South & Central America Medical Refrigerators Market – Revenue and Forecast to 2028 (US$ Million)
10.8 Others
10.8.1 Overview
10.8.2 Others: South & Central America Medical Refrigerators Market – Revenue and Forecast to 2028 (US$ Million)
11. South & Central America Medical Refrigerators Market – Country Analysis
11.1 Overview
11.1.1 South & Central America: Medical Refrigerators Market, by Country, 2022 & 2028 (%)
11.1.1.1 Brazil: Medical Refrigerators Market – Revenue and Forecast to 2028 (US$ Million)
11.1.1.1.1 Overview
11.1.1.1.2 Brazil: Medical Refrigerators Market – Revenue and Forecast to 2028 (US$ Million)
11.1.1.1.3 Brazil: Medical Refrigerators Market, by Temperature Control Range, 2019–2028 (US$ Million)
11.1.1.1.4 Brazil: Medical Refrigerators Market, by Product Type, 2019–2028 (US$ Million)
11.1.1.1.5 Brazil: Medical Refrigerators Market, by Design Type, 2019–2028 (US$ Million)
11.1.1.1.6 Brazil: Medical Refrigerators Market, by End User, 2019–2028 (US$ Million)
11.1.1.2 Argentina: Medical Refrigerators Market – Revenue and Forecast to 2028 (US$ Million)
11.1.1.2.1 Overview
11.1.1.2.2 Argentina: Medical Refrigerators Market – Revenue and Forecast to 2028 (US$ Million)
11.1.1.2.3 Argentina: Medical Refrigerators Market, by Temperature Control Range, 2019–2028 (US$ Million)
11.1.1.2.4 Argentina: Medical Refrigerators Market, by Product Type, 2019–2028 (US$ Million)
11.1.1.2.5 Argentina: Medical Refrigerators Market, by Design Type, 2019–2028 (US$ Million)
11.1.1.2.6 Argentina: Medical Refrigerators Market, by End User, 2019–2028 (US$ Million)
11.1.1.3 Rest of South & Central America: Medical Refrigerators Market – Revenue and Forecast to 2028 (US$ Million)
11.1.1.3.1 Overview
11.1.1.3.2 Rest of South & Central America: Medical Refrigerators Market – Revenue and Forecast to 2028 (US$ Million)
11.1.1.3.3 Rest of South & Central America: Medical Refrigerators Market, by Temperature Control Range, 2019–2028 (US$ Million)
11.1.1.3.4 Rest of South & Central America: Medical Refrigerators Market, by Product Type, 2019–2028 (US$ Million)
11.1.1.3.5 Rest of South & Central America: Medical Refrigerators Market, by Design Type, 2019–2028 (US$ Million)
11.1.1.3.6 Rest of South & Central America: Medical Refrigerators Market, by End User, 2019–2028 (US$ Million)
12. South & Central America Medical Refrigerators Market – Industry Landscape
12.1 Overview
12.2 Organic Developments
12.2.1 Overview
12.3 Inorganic Developments
12.3.1 Overview
13. Company Profiles
13.1 Thermo Fisher Scientific Inc
13.1.1 Key Facts
13.1.2 Business Description
13.1.3 Products and Services
13.1.4 Financial Overview
13.1.5 SWOT Analysis
13.1.6 Key Developments
13.2 Philipp Kirsch GmbH
13.2.1 Key Facts
13.2.2 Business Description
13.2.3 Products and Services
13.2.4 Financial Overview
13.2.5 SWOT Analysis
13.2.6 Key Developments
13.3 Haier Biomedical
13.3.1 Key Facts
13.3.2 Business Description
13.3.3 Products and Services
13.3.4 Financial Overview
13.3.5 SWOT Analysis
13.3.6 Key Developments
13.4 Helmer Scientific Inc.
13.4.1 Key Facts
13.4.2 Business Description
13.4.3 Products and Services
13.4.4 Financial Overview
13.4.5 SWOT Analysis
13.4.6 Key Developments
13.5 Vestfrost Solutions
13.5.1 Key Facts
13.5.2 Business Description
13.5.3 Products and Services
13.5.4 Financial Overview
13.5.5 SWOT Analysis
13.5.6 Key Developments
13.6 PHC Holdings Corporation
13.6.1 Key Facts
13.6.2 Business Description
13.6.3 Products and Services
13.6.4 Financial Overview
13.6.5 SWOT Analysis
13.6.6 Key Developments
13.7 FOLLETT LLC
13.7.1 Key Facts
13.7.2 Business Description
13.7.3 Products and Services
13.7.4 Financial Overview
13.7.5 SWOT Analysis
13.7.6 Key Developments
14. Appendix
14.1 About The Research Team
14.2 Glossary of Terms

Table 1. South & Central America Medical Refrigerators Market – Revenue and Forecast to 2028 (US$ Million)
Table 2. Brazil Medical Refrigerators Market, by Temperature Control– Revenue and Forecast to 2028 (US$ Million)
Table 3. Brazil Medical Refrigerators Market, by Product Type – Revenue and Forecast to 2028 (US$ Million)
Table 4. Brazil Medical Refrigerators Market, by Design Type – Revenue and Forecast to 2028 (US$ Million)
Table 5. Brazil Medical Refrigerators Market, by End User – Revenue and Forecast to 2028 (US$ Million)
Table 6. Argentina Medical Refrigerators Market, by Temperature Control– Revenue and Forecast to 2028 (US$ Million)
Table 7. Argentina Medical Refrigerators Market, by Product Type – Revenue and Forecast to 2028 (US$ Million)
Table 8. Argentina Medical Refrigerators Market, by Design Type – Revenue and Forecast to 2028 (US$ Million)
Table 9. Argentina Medical Refrigerators Market, by End User – Revenue and Forecast to 2028 (US$ Million)
Table 10. Rest of South & Central America Medical Refrigerators Market, by Temperature Control– Revenue and Forecast to 2028 (US$ Million)
Table 11. Rest of South & Central America Medical Refrigerators Market, by Product Type – Revenue and Forecast to 2028 (US$ Million)
Table 12. Rest of South & Central America Medical Refrigerators Market, by Design Type – Revenue and Forecast to 2028 (US$ Million)
Table 13. Rest of South & Central America Medical Refrigerators Market, by End User – Revenue and Forecast to 2028 (US$ Million)
Table 14. Organic Developments Done by Companies
Table 15. Inorganic Developments Done by Companies
Table 16. Glossary of Terms, South & Central America Medical Refrigerators Market

Figure 1. South & Central America Medical Refrigerators Market Segmentation
Figure 2. South & Central America Medical Refrigerators Market Segmentation, By Country
Figure 3. South & Central America Medical Refrigerators Market Overview
Figure 4. Laboratory Refrigerators and Freezers Segment Held Largest Share of South & Central America Medical Refrigerators Market
Figure 5. Brazil to Show Significant Growth During Forecast Period
Figure 7. South & Central America (SCAM) PEST Analysis
Figure 8. Expert Opinions
Figure 9. South & Central America Medical Refrigerators Market: Impact Analysis of Drivers and Restraints
Figure 10. South & Central America Medical Refrigerators Market – Revenue Forecast and Analysis – 2020- 2028
Figure 11. South & Central America Medical Refrigerators Market Revenue Share, by Product Type (2022 and 2028)
Figure 12. Laboratory Refrigerators and Freezers: South & Central America Medical Refrigerators Market – Revenue and Forecast to 2028 (US$ Million)
Figure 13. Blood Bank Refrigerators and Plasma Freezers: South & Central America Medical Refrigerators Market – Revenue and Forecast to 2028 (US$ Million)
Figure 14. Pharmacy Refrigerators and Freezers: South & Central America Medical Refrigerators Market – Revenue and Forecast to 2028 (US$ Million)
Figure 15. Cryogenic Freezers and Storage Systems (including LN2 Cryogenic Storage System): South & Central America Medical Refrigerators Market – Revenue and Forecast to 2028 (US$ Million)
Figure 16. Vaccine Refrigerator/Freezer: South & Central America Medical Refrigerators Market – Revenue and Forecast to 2028 (US$ Million)
Figure 17. Others: South & Central America Medical Refrigerators Market – Revenue and Forecast to 2028 (US$ Million)
Figure 18. South & Central America Medical Refrigerators Market Revenue Share, by Design Type (2022 and 2028)
Figure 19. Countertop Medical Refrigerators: South & Central America Medical Refrigerators Market – Revenue and Forecast to 2028 (US$ Million)
Figure 20. Undercounter Medical Refrigerators: South & Central America Medical Refrigerators Market – Revenue and Forecast to 2028 (US$ Million)
Figure 21. Explosion-Proof Refrigerators: South & Central America Medical Refrigerators Market – Revenue and Forecast to 2028 (US$ Million)
Figure 22. Flammable Material Storage Refrigerators: South & Central America Medical Refrigerators Market – Revenue and Forecast to 2028 (US$ Million)
Figure 23. South & Central America Medical Refrigerators Market Revenue Share, by Temperature Control Range (2022 and 2028)
Figure 24. Between -1 to -50°C: South & Central America Medical Refrigerators Market – Revenue and Forecast to 2028 (US$ Million)
Figure 25. Between 2 to 8 °C: South & Central America Medical Refrigerators Market – Revenue and Forecast to 2028 (US$ Million)
Figure 26. Between -51 to -150°C: South & Central America Medical Refrigerators Market – Revenue and Forecast to 2028 (US$ Million)
Figure 27. Below -151°C: South & Central America Medical Refrigerators Market – Revenue and Forecast to 2028 (US$ Million)
Figure 28. South & Central America Medical Refrigerators Market Revenue Share, by End User (2022 and 2028)
Figure 29. Hospitals and Pharmacies: South & Central America Medical Refrigerators Market – Revenue and Forecast to 2028 (US$ Million)
Figure 30. Blood Banks: South & Central America Medical Refrigerators Market – Revenue and Forecast to 2028 (US$ Million)
Figure 31. Pharmaceutical Companies: South & Central America Medical Refrigerators Market – Revenue and Forecast to 2028 (US$ Million)
Figure 32. Diagnostic Centers: South & Central America Medical Refrigerators Market – Revenue and Forecast to 2028 (US$ Million)
Figure 33. Research Institutes: South & Central America Medical Refrigerators Market – Revenue and Forecast to 2028 (US$ Million)
Figure 34. Others: South & Central America Medical Refrigerators Market – Revenue and Forecast to 2028 (US$ Million)
Figure 35. South & Central America: Medical Refrigerators Market, by Key Country – Revenue (2022) (US$ Million)
Figure 36. South & Central America: Medical Refrigerators Market, by Country, 2022 & 2028 (%)
Figure 37. Brazil: Medical Refrigerators Market – Revenue and Forecast to 2028 (US$ Million)
Figure 38. Argentina: Medical Refrigerators Market – Revenue and Forecast to 2028 (US$ Million)
Figure 39. Rest of South & Central America: Medical Refrigerators Market – Revenue and Forecast to 2028 (US$ Million)