Mortuary Refrigerator Market: Factors Helping to Maintain Strong Position Globally 2020-2030

 

• 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).

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.

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• 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.

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.

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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