Mortuary Refrigerator Market 2020: Company Profiles, Segments, Recent Trends, Industry Growth, Landscape and Demand by Forecast to 2023
Mortuary refrigerators are the equipment largely used in the mortuaries. Equipped with the high-end technologies these refrigerators not only preserve dead bodies for longer duration by freezing them but also slows down the degradation process, preventing them from early degradation. In addition to morgues, these refrigerators are also extensively used at the forensic labs, research & academic, hospitals & clinics, and funeral homes among others.
The global mortuary refrigerator market is growing continually, witnessing huge demand. The market is predominantly led by the increasing mortality rate which is particularly led by the increasing number of accidents, and criminal cases alongside the deaths occurred due to the old age and high prevalence of chronic diseases like cancer which have proven fatal.
Moreover, the increase in technological advancements and rising demand for automation in mortuary procedures are escalating the market on the global platform. Acknowledging the colossal accruals, the market is garnering currently; Market Research Future (MRFR) in its recently published study report confirms that the global mortuary refrigerator market will grow exponentially by 2023, registering a CAGR over 4.3% during the forecast period (2018–2023).
Spreading awareness about the mortuary refrigeration process and the substantial investment transpired in this field are supporting the growth of the market. Additionally, factors such as the augmenting demand from the increasing number of morgue facilities, research centers, medical labs, and medical colleges to teach human anatomy foster the growth of the market.
Moreover, the growing focus of federal agencies to develop local morgues and dead body preservation units in hospitals and academic centers for hygiene requirements are substantiating market growth. Additionally, various government legislative reforms propel the market growth, providing regulatory guidelines to end-user industries of these refrigerators.
Conversely, the high cost associated with morgue refrigerators is expected to obstruct the market growth during the forecast period. Nevertheless, factors such as the wide uptake of advanced technologies and the availability of infrastructure for implementation of these are expected to support market growth, providing the considerable impetus.
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Global Mortuary Refrigerator Market – Segmentations
For ease of understanding, the analysis has been segmented into four key dynamics:
By Product Type: Positive Temperature and Negative Temperature.
By Application: Corpses Storage and Forensic Investigation among others.
By End-user: Forensic Labs, Research & Academic, Hospitals & Clinics, and Funeral Homes among others.
By Region: North America, Europe, Asia Pacific, and the Rest-of-the-World.
Global Mortuary Refrigerator Market – Regional Analysis
The North America region, heading with the presence of well-established forensic sector, accounts for the leading market in the global mortuary refrigerator market. Factors such as the increasing mortality rate led by chronic diseases, accidents, and criminal activities are fostering the growth of the market, leading the forensic investigation requirements. Also, the increase in the number of research & academic labs and the cancer-related research activities in the region boost the growth of the market.
Simultaneously, factors such as growing investments in public storages by the growing number of service providers, low-cost services provided in the region, and reduction in the cost involved in preservation processes are further expected to push up the regional market to create a large revenue pocket during the forecast period. Moreover, factors such as the availability of specialized manufacturing techniques, the presence of a considerable number of mortuaries, and strong support from the public and private organizations substantiate the growth of the regional market.
The mortuary refrigerator market in the European region accounts for the second-largest market, globally. Factors such as the availability of advanced mortuary facilities and government initiatives to equip these facilities with advanced refrigeration systems drive the regional market. Moreover, the increasing death rate and the demand for mortuary refrigerators to store the dead bodies by forensic labs and hospitals for investigation foster the market growth in the region. The European region is projected to register an impressive CAGR during the review period.
The Asia Pacific mortuary refrigerator market has emerged as profitable market growth, globally, Factors such as the huge technological advancements that have fostered the refrigerator manufacturing sector extensively, push up the growth of the regional market. Moreover, increasing mortality rate, increasing demand for more mortuary centers, and the proliferating infrastructures & rising funding drive the regional market.
The rapidly growing market mainly in countries like China and India backed by the availability of advanced technology and the increasing number of storages in the medical labs for research and medical colleges to teach human anatomy fosters the market growth in the region.
Global Mortuary Refrigerator Market – Competitive Landscape
Fiercely competitive the mortuary refrigerator market appears to be fragmented with the presence of various big & small-scale players forming a competitive edge. These players try to gain an edge over their competition by incorporating strategic initiatives such as acquisition, partnership, collaboration, expansion, and product & technology launch. They invest heavily in product development to achieve their mission success.
Major Players:
Key players leading the global mortuary refrigerator market include LEEC, Hygeco, Paragon scare Ltd., Thalheimer Kühlung, Barber Medical, CEABIS, EIHF Isofroid, EVERmed, Fiocchetti, and Funeralia among others.
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Industry/Innovation/Related News:
December 19, 2018 – Thalheimer Kühlung GmbH & Co KG (Germany), a leading global manufacturer of medical refrigeration systems and accessories introduced its new mortuary refrigerator and freezer - LKZ Mortuary Refrigerator and LKZT Freezer with RFID & electric doors by Della9 microprocessor.
The RFID & electric doors of these refrigerators are produced emphasizing on modern technology, economic efficiency, and German preciseness. Thalheimer has significantly increased the refrigeration performance and efficiency of these products while ensuring the dramatically reduced energy consumption.
These products are developed through continuous improvements in the manufacturing process, including the development of environmentally friendly, state of the art technologies - automatic electromechanical door locking (AEDL) system that is controlled by della9. The concept of the AEDL system is to keep away unauthorized people from accessing the Mortuary refrigerator without authorization.
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