USD 73 million
Report ID:
SQMIG35A2863 |
Region:
Global |
Published Date: April, 2024
Pages:
221
|Tables:
87
|Figures:
70
Mortuary Refrigerator Market size was valued at USD 74.5 Million in 2023 and is poised to grow from USD 77.2 Million in 2024 to USD 102.5 Million by 2032, growing at a CAGR of 0.036 during the forecast period (2025-2032).
The most widely utilized item in the entire mortuary equipment market is mortuary refrigerators. These refrigerators come with many features, like many chambers and a temperature-adjustable knob. There are mortuary refrigerators with both positive and negative temperature capabilities. While mortuary refrigerators with negative temperatures are used to store bodies by freezing them and halting degradation for an extended length of time, positive temperature refrigerators slow down the decomposition process of dead bodies for a certain amount of time. Part of the reason for the higher market share is the growing desire for automation in mortuary operations due to technological advancements.
Hospitals utilize mortuary coolers to store deceased patients to comply with hygienic regulations. Growing numbers of cancer patients and cancer-related research, an increase in organ transplants, and an increase in the need for automation in mortuary procedures are the main reasons driving the market's rise. In addition, the growing elderly population is propelling the market. The market expansion is hampered, meanwhile, by a lack of knowledge about mortuary equipment, shifting raw material prices, and products that might be used in place of mortuary refrigerators.
Global Market Size
USD 73 million
Largest Segment
Corpses storage
Fastest Growth
Forensic investigation
Growth Rate
3.4% CAGR
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The global mortuary refrigerator market is segmented based on product type, application, end user and regional type. In terms of product type, the market is bifurcated into positive temperature and negative temperature. Based on application, the market is bifurcated into corpses storage and forensic investigation. Based on end user, the market is bifurcated into forensic labs, research & academics, funeral homes, hospital & clinics and others. Based on region, the market is segmented into North America, Europe, Asia Pacific, Central & South America and Middle East & Africa. The market expansion for mortuary refrigerators has been aided by application segmentation.
Analysis by Application
As per categorization by application, the market is classified into corpses storage and forensic investigation. Among these, corpses storage earned the largest share and continues to dominate the market. The developments in materials, energy efficiency, and refrigeration technology are driving innovation in the storage of corpses, which is driving the global mortuary refrigerator market. To satisfy the various requirements of mortuaries and forensic facilities across the globe, manufacturers are incorporating features like temperature control systems, modular designs, and improved insulation. Furthermore, there is a growing movement in favor of adopting ecologically responsible solutions, which is driving the creation of eco-friendly refrigeration systems that use natural refrigerants and energy-saving techniques.
The growing need for cutting-edge storage solutions to preserve forensic evidence is expected to propel forensic investigation to become the segment in the global mortuary refrigerator market with the fastest rate of growth. A greater need exists for mortuary refrigerators that can safely store biological samples and human remains for extended periods of time, especially as crime rates grow and forensic science plays an increasingly crucial role in criminal investigations. The integrity of evidence is further ensured by technological improvements like temperature monitoring systems and better insulation, which is why forensic labs all over the world are adopting specialized refrigeration units.
Analysis by End User
The specific needs of forensic labs are progressively being catered for in the global mortuary refrigerator market. To protect the integrity and preservation of forensic evidence, manufacturers are creating refrigeration units with cutting-edge features including precise temperature control, programmable shelving, and secure access procedures. These specialist freezers are essential to preserving the chain of custody for human remains and biological materials, which helps with precise forensic analysis and boosts the effectiveness of criminal investigations.
Due to many factors, the research and academics, funeral homes, hospitals, clinics, and other sectors are expected to grow at the fastest rate in the global mortuary refrigerator market. First, more study in medicine and forensic sciences requires the storage of biological materials, which calls for specialized refrigeration solutions. Second, to preserve departed people in a dignified and clean manner, funeral homes, hospitals, and clinics need effective refrigeration equipment. The need for mortuary freezers to safely keep biological materials and medical samples is also being driven by new applications in sectors like biotechnology and pharmaceuticals.
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On account of the rise in cancer cases and cancer-related research, coupled with the rise in the number of elderly people experiencing health issues, and the existence of significant market participants in the region, North America leads the world market for mortuary refrigerators. The existence of developed economies and laws enacted by different agencies in the healthcare sector within the region also contribute to the growth of the market. Europe was thought to be in second place in the mortuary refrigerator market. The industry is growing because of hospitals and forensic labs needing more mortuary refrigerators to preserve bodies while they conduct investigations. These devices are also used to keep whole donated bodies for medical research, which are utilized in medical schools to instruct students on human anatomy.
The mortuary refrigerator market grew at the quickest rate in Asia Pacific in 2021. The market is developing due to factors like growing awareness of the cutting-edge and inventive mortuary refrigerators and the growing regulations and policies by various authorities about hospital hygiene. Conversely, the Middle East and Africa have the lowest market share in the mortuary refrigerator industry because of a lack of knowledge about sophisticated mortuary practices and mortuary refrigerators, which is impeding the region's market expansion.
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Drivers
Technological Progress
The Need for Forensic Investigation is Growing
Restraints
Regulatory Compliance Difficulties
Expensive Initial Outlay
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Key industry players have a major impact on the mortuary refrigerator market. They are essential in determining market dynamics and influencing consumer preferences. These major firms provide consumers easy access to a vast array of clothing alternatives through their huge retail networks and online platforms. Product adoption has increased because of their strong worldwide presence and well-known brand, which has also enhanced consumer trust and loyalty. In addition, these industry titans never stop funding R&D, bringing cutting-edge styles, materials, and practical functions to clothing collections to meet changing customer demands and tastes. These big businesses' combined efforts have a big impact on the market's future direction and level of competition.
Top Player’s Company Profiles
Recent Developments
SkyQuest’s ABIRAW (Advanced Business Intelligence, Research & Analysis Wing) is our Business Information Services team that Collects, Collates, Correlates, and Analyses the Data collected by means of Primary Exploratory Research backed by robust Secondary Desk research.
As per SkyQuest analysis, the global mortuary refrigerator market is driven by technological advancements, as manufacturers constantly innovate to improve performance and efficiency through features like temperature monitoring systems and better insulation materials. Additionally, the market is responding to the growing importance of forensic science in criminal investigations by increasing demand for forensic investigation services, which in turn drives the need for specialized refrigeration units with advanced features to preserve and retain forensic evidence. The global mortuary refrigerator industry faces significant challenges in developing and obtaining certification procedures due to stringent regulatory compliance. Additionally, the high initial costs of specialized features required for the proper preservation of biological samples and human remains impede market expansion, especially for smaller facilities with limited budgets.
The mortuary refrigerator market is shaped in large part by key industry players who use their vast retail networks and online platforms to influence consumer preferences. They also use their well-known brands and strong global presence to build consumer trust and loyalty. Finally, their ongoing investment in research and development allows them to introduce cutting-edge features and materials in response to changing customer demands, which in turn shapes the market's future and level of competition. Global mortality rates are rising, which is driving up demand for mortuary refrigerators and changing consumer preferences to more technologically advanced options. Meanwhile, emerging markets are becoming major players in the market due to rising demand for frame storage solutions and the emergence of e-commerce platforms, which are reshaping distribution channels and encouraging cooperation between domestic and foreign businesses.
Report Metric | Details |
---|---|
Market size value in 2022 | USD 73 million |
Market size value in 2031 | USD 95.39 billion |
Growth Rate | 3.4% |
Base year | 2023 |
Forecast period | 2024-2031 |
Forecast Unit (Value) | USD Billion |
Segments covered |
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Regions covered | North America (US, Canada), Europe (Germany, France, United Kingdom, Italy, Spain, Rest of Europe), Asia Pacific (China, India, Japan, Rest of Asia-Pacific), Latin America (Brazil, Rest of Latin America), Middle East & Africa (South Africa, GCC Countries, Rest of MEA) |
Companies covered |
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Customization scope | Free report customization with purchase. Customization includes:-
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Executive Summary
Market overview
Parent Market Analysis
Market overview
Market size
KEY MARKET INSIGHTS
COVID IMPACT
MARKET DYNAMICS & OUTLOOK
Market Size by Region
KEY COMPANY PROFILES
For the Mortuary Refrigerator Market, our research methodology involved a mixture of primary and secondary data sources. Key steps involved in the research process are listed below:
1. Information Procurement: This stage involved the procurement of Market data or related information via primary and secondary sources. The various secondary sources used included various company websites, annual reports, trade databases, and paid databases such as Hoover's, Bloomberg Business, Factiva, and Avention. Our team did 45 primary interactions Globally which included several stakeholders such as manufacturers, customers, key opinion leaders, etc. Overall, information procurement was one of the most extensive stages in our research process.
2. Information Analysis: This step involved triangulation of data through bottom-up and top-down approaches to estimate and validate the total size and future estimate of the Mortuary Refrigerator Market.
3. Report Formulation: The final step entailed the placement of data points in appropriate Market spaces in an attempt to deduce viable conclusions.
4. Validation & Publishing: Validation is the most important step in the process. Validation & re-validation via an intricately designed process helped us finalize data points to be used for final calculations. The final Market estimates and forecasts were then aligned and sent to our panel of industry experts for validation of data. Once the validation was done the report was sent to our Quality Assurance team to ensure adherence to style guides, consistency & design.
Customization Options
With the given market data, our dedicated team of analysts can offer you the following customization options are available for the Mortuary Refrigerator Market:
Product Analysis: Product matrix, which offers a detailed comparison of the product portfolio of companies.
Regional Analysis: Further analysis of the Mortuary Refrigerator Market for additional countries.
Competitive Analysis: Detailed analysis and profiling of additional Market players & comparative analysis of competitive products.
Go to Market Strategy: Find the high-growth channels to invest your marketing efforts and increase your customer base.
Innovation Mapping: Identify racial solutions and innovation, connected to deep ecosystems of innovators, start-ups, academics, and strategic partners.
Category Intelligence: Customized intelligence that is relevant to their supply Markets will enable them to make smarter sourcing decisions and improve their category management.
Public Company Transcript Analysis: To improve the investment performance by generating new alpha and making better-informed decisions.
Social Media Listening: To analyze the conversations and trends happening not just around your brand, but around your industry as a whole, and use those insights to make better Marketing decisions.
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Report ID: SQMIG35A2863
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