What is the global market size of Mortuary Refrigerator Market?

Global Mortuary Refrigerator Market size was valued at USD 73 million in 2022, USD 75.48 million in 2023 and is projected to grow USD 95.39 billion by 2031, growing at a CAGR of 3.4% in the forecast period (2024-2031).

Mortuary Refrigerator Market Size

Mortuary Refrigerator Market Insights

Global Mortuary Refrigerator Market size was valued at USD 75.0 billion in 2023 and is poised to grow from USD 78.0 billion in 2024 to USD 106.75 billion by 2032, growing at a CAGR of 4.0% 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.

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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. 'Bally Refrigerated Boxes (US) ', 'Funeralia Thermo Fisher Scientific (Italy) ', 'EIHF Isofroid (France) ', 'Barber Medical (UK) ', 'Leec (UK) ', 'Paragon Care Ltd. (Australia) ', 'CEABIS (Italy) ', 'EVERmed, Hygeco (Italy) ', 'Mortech Manufacturing (US) ', 'Muller (Germany) ', 'Stericox (India) ', 'SILVERMIST (US)'

The global mortuary refrigerator market is shaped in large part by technological improvements. To improve mortuary refrigerator performance, efficiency, and dependability, manufacturers are always coming up with new ideas. These developments include the incorporation of temperature monitoring systems, enhanced insulating materials, and the creation of cooling processes that use less energy. These advancements enhance the general effectiveness and usefulness of mortuary facilities while also guaranteeing the preservation of biological samples and human remains under ideal conditions.

Advancing Demand: The increasing number of deaths occurring globally is driving more demand for mortuary refrigerators. With an increasing population and longer life expectancies, there is an urgent need for quality mortuaries. Modern mortuary refrigerators come equipped with advanced features like improved temperature control, energy efficiency, and more storage space thanks to technological developments. This has led to a shift in demand for state-of-the-art, very technologically sophisticated mortuary refrigeration solutions. In tandem with the growth in demand for mortuary refrigerators, awareness of the significance of the proper body garage and renovation has increased. This is typically the case in areas where regulations and standards regarding mortuary facilities are strengthened.

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.