Latest News- Blood Bank Refrigerators Market in US: Hospitals and diagnostic centers is expected to lead the End-user segment during 2025-2029

The Blood Bank Refrigerators Market in US is being driven by Rise in number of road accidents and sport injuries

The Blood Bank Refrigerators Market in US is expected to grow at a CAGR of 6.9% during 2024 and 2029. During this period, the market is also expected to show a growth of USD 158.2 million. In the competitive Blood Bank Refrigerators Market in the US, companies are distinguishing themselves by providing supplementary software and hardware solutions to clients. For instance, B Medical Systems introduces their Data Monitoring Network (DMN), a software system designed for the acquisition, extended storage, and graphical representation of temperature data. This solution offers an integrated event and activity history of all appliance components, enabling users to visualize all temperature curves in real-time. Simultaneous data monitoring and recording are supported, along with customizable alarm forwarding via email and SMS. The DMN offers cost advantages over traditional circular chart recorders and their spare parts. 

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Which Factors Are Causing a Surge in Market Growth?

The market is segmented based on

• End-user
  • Hospitals and diagnostic centers
  • Stand-alone blood bank centers
  • Others
• Product
  • Standard electric refrigerators
  • Solar-powered refrigerators
  • Ice-lined refrigerators
• Type
  • Common indoor blood bank refrigerators
  • Transport blood bank refrigerators
• Product Type
  • Plasma refrigerators
  • Whole blood refrigerators
  • Platelet refrigerators
  • Combination refrigerators and freezers
  • Undercounter and compact refrigerators
• Geography
  • US

According to Technavio, There are several factors that are causing the market to flourish during the forecast period, which are as follows: 

• Rise in number of road accidents and sport injuries
• Increase in cancer incidence
• Demand for blood banks

However, the market also witnesses some limitations, which are as follows:

• High cost of blood bank refrigerators
• Compliance with medical guidelines and fall in number of blood donors
• Performance issues related to blood bank refrigerators

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Market Scope in Blood Bank Refrigerators Market in US Research Report

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Research Analysis Overview

In the US, the market for blood bank refrigerators is significant due to the constant demand for preserving donor blood and its components, including plasma, cells, and blood bags, for various medical procedures. These refrigerators, which are temperature-controlled machines, utilize electrically powered compressors with condensers and capillary tubes for refrigeration. The stability and precision of the temperature mechanics are crucial for road accident victims, patients undergoing organ transplants, bone marrow transplants, cancer surgeries, cardiovascular surgeries, general surgery, nephrology, and dialysis. The blood bank refrigerators provide a controlled environment for the storage of blood, ensuring rapid cooling and a silent mechanism to maintain the optimal conditions for the medicare sector.

Market Research Overview

The Blood Bank Refrigerators market in the US is a significant segment of the larger Life Science Tools and Services industry. This market caters to the demand for compressors and insulated cabinets used in the storage and preservation of donor blood, essential for road accidents and sports injuries, as well as organ transplants. The parent market, encompassing capital equipment, instruments, accessories, consumables, and related services, is experiencing growth due to the increasing global population aging, resulting in a higher demand for healthcare solutions. According to Technavio, the Life Science Tools and Services market size is determined by the consolidated revenue generated by manufacturers of equipment, supplies, pharmaceuticals, biotechnology, and related services. Key drivers for market expansion include the rising prevalence of chronic diseases, advancements in medical technology, and increasing government funding for research and development.. Industries are leveraging the products belonging to the market for customer engagement, transactional notifications, and promotional offers.

Technavio Research
Jesse Maida
Media & Marketing Executive
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UK: +44 203 893 3200
Email: media@technavio.com
Website: www.technavio.com/