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ResearchAndMarkets.com’s offering. The market is expected to reach US$ 390.17 million in 2027 from US$ 280.52 million in 2019; it is estimated to grow at a CAGR of 4.2% from 2020 to 2027. Based on product type, the blood bank refrigerators, laboratory refrigerators, pharmacy refrigerators, enzyme refrigerators, others. Each facility has specific requirements for freezing and cooling. For example, research laboratories may require the holding of vital biological samples at a balanced temperature or at risk of cooperating with a timely study. Some health clinics, on the other hand, may need simple freezers to keep ice packs. A specific type of refrigerator is therefore a specific application requirement. The use of an unsuitable refrigerator can be hazardous and, at the end of the day, much more expensive than investing in quality equipment precisely designed for the storage needs of the industry.

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