Global Mortuary Refrigerator Market 2017-2021
About Mortuary Refrigerator
Mortuary refrigerator is the most popular equipment in the overall mortuary equipment market. These are highly advanced and have several functional advantages over the other product segments in the market. Mortuary refrigerators include temporary storage refrigerators and body freezers. These products cost higher than the other products in the mortuary equipment market. This is one of the reasons for the larger share of the market despite the relatively longer replacement cycles.
Technavio’s analysts forecast the global mortuary refrigerator market to grow at a CAGR of 4.3% during the period 2017-2021.
Covered in this report
The report covers the present scenario and the growth prospects of the global mortuary refrigerator market for 2017-2021. To calculate the market size, the report considers the revenue generated from the sale of the mortuary refrigerator.
The market is divided into the following segments based on geography:
Technavio Announces the Publication of its Research Report – Global Mortuary Refrigerator Market 2017-2021
Technavio recognizes the following companies as the key players in the global mortuary refrigerator market: KUGEL medical, LEEC, Mopec, Mortech Manufacturing, and Thermo Fisher Scientific.
Other Prominent Vendors in the market are: Bally Refrigerated Boxes, Barber Medical, CEABIS, EIHF – ISOFROID, EVERmed, Fiocchetti, Funeralia, Hygeco, Paragon Care Group, UFSK International.
Commenting on the report, an analyst from Technavio’s team said: “One trend in market is rising number of body donations. Body donation is the donation of a whole body after death for the purpose of medical education and research. Earlier, only medical schools have accepted body donors, but now private organizations are also accepting them. Medical schools use whole preserved bodies to teach anatomy to medical students. Donating the bodies for medical research does not involve any cost. In addition, 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 the attempts to increase the body donations. Many countries have different programs and regulations surrounding the donation of the body or body parts. These regulations and policies are resulting in increasing awareness of the advantages and improvements in the process of body donation. Thus, the increase in body donations will increase the number of autopsies, in turn, increasing the need for storing the bodies, thus demanding for mortuary refrigerators.”
According to the report, one driver in market is rise in number of unidentified deaths. The number of unidentified deaths has increased in the recent past. It is because of the increasing number of accidents, crime rates, and homeless people. Among the thousands of people murdered or died due to accidents every year in the US, many remain unidentified. Some victims are not identified for years or even decades after they were killed. One such case was of Tammy Jo Alexander, who was murdered in 1979 and remained unidentified until 2015. In the US, more than 30,000 bodies remain unidentified, which includes murder victims and those who died of other causes. Similarly, in India, in 2014 the number of unidentified dead bodies was more than 30,000, in which Maharashtra was ranked highest. Families not accepting the bodies of members admitted to hospital because of HIV or tuberculosis was also one of the factors for the unclaimed bodies since they believe that the virus present in his or her body can pass to the family members or others.
Further, the report states that one challenge in market is low awareness about mortuary equipment. Two of the biggest challenges to the growth of this market were low affordability and the low awareness about mortuary equipment. The nature of the market along with the narrow customer base, which is limited to morgues and hospitals, have been the major reasons for the low awareness of this equipment. Further, in the past, the need to store corpses was not a concern for morgues or hospitals unless they were required for forensic analysis, or for academic purposes. This led to a relatively stagnant market scenario when it comes to the product innovation and sales growth. However, this trend has seen a turnaround since 2012 due to the growing need of cadavers for commercial and academic research and has started leading to the need for better and more innovative products in this category. During the forecast period, however, this factor will still prove to be a challenge for the growth.
KUGEL medical, LEEC, Mopec, Mortech Manufacturing, Thermo Fisher Scientific, Bally Refrigerated Boxes, Barber Medical, CEABIS, EIHF – ISOFROID, EVERmed, Fiocchetti, Funeralia, Hygeco, Paragon Care Group, UFSK International.