Blood Bank Refrigerators Market To Grow at CAGR of 5.79% In The US 2017-2021

The demand for blood products is likely to grow during the forecast period due to an increase in the incidence of diseases in the US, which is home to the fastest growing elderly population. This might escalate the number of chronic and age-related diseases, necessitating an increase in blood transfusion as a part of treatment. This has made it indispensable for hospitals and diagnostic centers to employ highly specialized refrigeration equipment to ensure the proper preservation and storage of blood units, which can be made immediately available for transfusion or research purposes. Considering the lack of an adequate supply of blood in the US, organizations such as the American Association of Blood Banks have set stringent guidelines to ensure appropriate storage and supply, thereby forcing end-users such as blood banks and hospitals to use highly efficient cold storage systems to store blood units.

Technavios analysts forecast the blood bank refrigerator market in the US to grow at a CAGR of 5.79% during the period 2017-2021.

Covered in this report
The report covers the present scenario and the growth prospects of the blood bank refrigerator market in the US for 2017-2021. To calculate the market size, the report considers the revenue generated from the sales of blood bank refrigerators in the US.

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Technavio's report, Blood Bank Refrigerators Market in the US 2017-2021, has been prepared based on an in-depth market analysis with inputs from industry experts. The report covers the market landscape and its growth prospects over the coming years. The report also includes a discussion of the key vendors operating in this market.

Key vendors
Biomedical Solutions
B Medical Systems
Helmer Scientific
Thermo Fisher Scientific

Other prominent vendors
ARCTIKO
Bionics Scientific Technologies
Dometic
Dulas
Haier
Glen Dimplex
Kirsch
LABCOLD
Lorne Laboratories
Macro Scientific Works
REMI GROUP
Sure Chill
Vestfrost Solutions

Market driver
Growing number of blood banks
For a full, detailed list, view our report

Market challenge
Uncertain performance of temperature alarm system
For a full, detailed list, view our report

Market trend
Developments in monitoring systems
For a full, detailed list, view our report

Key questions answered in this report
What will the market size be in 2021 and what will the growth rate be?
What are the key market trends?
What is driving this market?
What are the challenges to market growth?
Who are the key vendors in this market space?
What are the market opportunities and threats faced by the key vendors?
What are the strengths and weaknesses of the key vendors?

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