Global Mortuary Refrigerator Market 2017-2021

Overview of the global mortuary refrigerator market

Technavio’s market research analyst predicts the global mortuary refrigerator market to grow steadily at a CAGR of above 4% by 2021. One of the primary drivers for this market is the emergence of technologically advanced product designs. Recent developments in the field of nanotechnology have unlocked new possibilities and innovation. The ability to change the properties of materials by manipulating their molecular structure at a nanoscale level makes it possible for certain materials to exhibit desired characteristics. of the advancements in mortuary equipment include mortuary refrigerators and freezers with the ability to sense the volume of the bodies inside and the relative temperature outside to maintain the cooling and preserve the body. This is achieved by the help of various sensors working in tandem with each other to relay data and change the cooling environment accordingly. Also, the mono-structure-designed refrigerators are ensuring minimum space at the floor, maximum space for storage, and the refrigerators are not bulky. The use of stainless steel eases the cleaning process. This, in turn, is expected to propel growth in the global mortuary refrigerator market during the forecast period.

One of the latest trends gaining traction in this market is the rise in the number of body donations. Body donation is the donation of a whole body after death for the purpose of medical education and research. Medical schools use whole preserved bodies to teach anatomy to medical students. the donation program often provides a stipend and also covers the cost of burial or cremation procedures of the cadaver. The body will be returned to the family for interment, once the purpose of the cadaver is served. This has resulted in an increase in the number of body donations, which in turn in expected to augment growth in the global mortuary refrigerator market in the coming years.

Competitive landscape and key vendors

The global mortuary refrigerator market due to the presence of several regional and international vendors across the globe. The competition among the leading vendors has intensified, leading to the introduction of many innovative and advanced solutions in the market. Factors such as intense competition and rapid advances in technology will pose a threat to the market growth during the next four years.

Leading vendors in the market are –

• KUGEL medical
• LEEC
• Mopec
• Mortech Manufacturing
• Thermo Fisher Scientific

Other prominent vendors in the mortuary refrigerator market include Bally Refrigerated Boxes, Barber Medical, CEABIS, EIHF – ISOFROID, EVERmed, Fiocchetti, Funeralia, Hygeco, Paragon Care Group, UFSK International.

Segmentation by application and analysis of the mortuary refrigerator market

• Forensic
• Clinical

During 2016, the clinical research segment dominated the mortuary refrigerator market and accounted for a major part of the overall market share. The rising demand for medical research for providing improved treatment and for drug discovery has increased the demand for mortuary refrigerators among the end-users such as universities, medical colleges as well as healthcare and pharmaceutical companies for preserving the cadavers until the autopsy.

Geographical segmentation and analysis of the mortuary refrigerator market

• Americas
• APAC
• EMEA

In this market study, analysts have estimated EMEA to dominate the mortuary refrigerator market during the forecast period. The rising number of clinical and forensic research in several countries such as Germany, the UK, Italy, and France is the key contributor to the dominance of the mortuary refrigerator market in the region.

Key questions answered in the report include

• What will the market size and the growth rate be in 2021?
• What are the key factors driving the global mortuary refrigerator market?
• What are the key market trends impacting the growth of the global mortuary refrigerator market?
• What are the challenges to market growth?
• Who are the key vendors in the global mortuary refrigerator market?
• What are the market opportunities and threats faced by the vendors in the global mortuary refrigerator market?
• Trending factors influencing the market shares of the Americas, APAC, and EMEA.
• What are the key outcomes of the five forces analysis of the global mortuary refrigerator market?

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