Authored By: Sarah
15 Jul 2024

 Blood Bank Refrigerators Market in US to grow by USD 133.85 million between 2024-2028

According to a research report “ Blood Bank Refrigerators Market in US” by 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) Geography (North America)- Global Forecast to 2028 published by Technavio, the market size is estimated to grow by USD 133.85 million at a CAGR of  6.28% during the forecast period. In the US healthcare landscape, road accidents and sports-related injuries leading to dislocations and severe blood loss are significant drivers fueling the demand for blood transfusions during surgeries. Consequently, the market for blood bank refrigerators, essential for preserving donated blood, experiences robust growth. These refrigerators ensure the optimal storage conditions for blood bags, enabling their availability for life-saving transfusions during surgical procedures..

Browse market data tables, figures, and in-depth TOC on “Blood Bank Refrigerators Market in US” by 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) Geography (North America) Global Forecast to 2028.

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By End-user, the Hospitals and diagnostic centers segment is projected to dominate the market size in 2024.

In the US market, traditional electric blood bank refrigerators hold a significant market share due to their widespread availability and compatibility with the reliable electricity infrastructure. Operating on standard AC voltages of 110V 60Hz or 220V 50Hz, these refrigerators deliver precise temperature control, ensuring uniform refrigeration and safe blood storage. Key features include visual and audible alarms for power failures, adjustable temperature settings, and built-in temperature recorders, making them indispensable for blood banks.

By Product, Standard electric refrigerators  segment is expected to hold the largest market size for the year 2024.

The US hospital sector's growth trajectory, driven by the escalating demand for medical services, has significantly boosted the market for blood bank refrigerators. Large-scale hospitals, including multi-specialty facilities and hospital groups, are key consumers due to their extensive offerings of inpatient and outpatient services, complex surgical procedures, and engagement with numerous stakeholders. These institutions, which may operate under government sponsorship or privately, generate substantial revenue and require advanced refrigeration systems to maintain the integrity of blood supplies for various transfusion procedures.

North America is forecasted to hold the largest market size by region in 2024.

ai_geographic_landscape

The Blood Bank Refrigerators Market in US t growth and forecasting report also includes detailed analyses of the competitive landscape of the market growth and forecasting and information about 20 market companies, including:

  • Azenta Inc.
  • Biobase Biodusty Shandong Co. Ltd.
  • Cardinal Health Inc.
  • Eppendorf SE
  • Haier Smart Home Co. Ltd.
  • Helmer Scientific Inc.
  • LabRepCo LLC
  • PHC Holdings Corp.
  • Standex International Corp.
  • The Middleby Corp.
  • Thermo Fisher Scientific Inc.
.

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Research Analysis Overview

In the medicare sector, the use of high-precision, temperature-controlled machines is essential for maintaining the stability of various medical components, particularly in the context of blood banks. Blood banks rely on temperature-controlled refrigerators to ensure the rapid cooling and stable temperature mechanics of donated blood, which is crucial for its subsequent use in various medical procedures. Blood bank refrigerators employ a silent mechanism, electrically powered compressors, and refrigeration systems to maintain the required temperature for storing different blood components, such as plasma, blood cells, and blood. These insulated cabinets are designed to provide a controlled environment for the storage of donor blood, ensuring its quality and safety for use in dialysis, nephrology, general surgery, cardiovascular surgeries, cancer surgeries, bone marrow transplants, and organ transplants. Moreover, temperature-controlled machines play a vital role in preserving blood for sports injuries and road accidents victims. The use of condensers in these refrigeration systems further enhances their efficiency, ensuring the longevity and reliability of the blood bank refrigerators.

Market Research Overview

In the medicare sector of the US, the demand for blood bank refrigerators is significant due to the constant need for storing and preserving various blood components for patients requiring transfusions. These refrigerators play a crucial role in maintaining a controlled environment for blood, plasma, and other blood components. Blood bank refrigerators employ high-precision mechanics, including temperature-alarm systems, to ensure stable temperatures and prevent any potential damage to the blood cells. The biotechnology sector has led to advancements in refurbished equipment, such as temperature-controlled insulated cabinets and compressor-based refrigeration systems, which have improved the efficiency and reliability of these units. Blood stations and hospitals rely on these refrigerators for surgeries, dialysis, nephrology, general surgery, cardiovascular surgeries, cancer surgeries, bone marrow transplants, and organ transplants. In emergencies, such as army injuries, sport injuries, road accidents, and power failures, the rapid cooling and silent mechanism of blood bank refrigerators ensure the availability of donor blood in blood bags. Plasma freezers and blood bank refrigerators are essential components of the immunohematology department, which is responsible for managing blood components and ensuring their safety and efficacy. The market for blood bank refrigerators in the US continues to grow due to the increasing demand for advanced, efficient, and reliable equipment in the healthcare sector.

Contacts

Technavio Research
Jesse Maida
Media & Marketing Executive
US: +1 844 364 1100
UK: +44 203 893 3200
Email: media@technavio.com
Website: www.technavio.com/

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