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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.
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 –
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.
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.
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.
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PART 01: Executive summary
PART 02: Scope of the report
PART 03: Research Methodology
PART 04: Introduction
PART 05: Market landscape
PART 06: Market segmentation by application
PART 07: Market segmentation by geography
PART 08: Decision framework
PART 09: Drivers and challenges
PART 10: Market trends
PART 11: Vendor landscape
PART 12: Appendix
Tags: nanotechnology, clinical research, electronic appliances, lab equipment, mortuary refrigerator market size, lab equipment industry trends,
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