Global Blood Bank Refrigerators Market, By Type (Common Indoor Blood Bank Refrigerators, Transport Blood Bank Refrigerators), Product Type (Solar Powered Blood Bank Refrigerators System, Whole Standard Electric Blood Bank Refrigerator, Ice Lined Blood Bank Refrigerators System), End User (Blood Bank Centers, Hospitals, Others) Country (U.S., Canada, Mexico, Germany, Italy, U.K., France, Spain, Netherland, Belgium, Switzerland, Turkey, Russia, Rest of Europe, Japan, China, India, South Korea, Australia, Singapore, Malaysia, Thailand, Indonesia, Philippines, Rest of Asia- Pacific, Brazil, Argentina, Rest of South America, South Africa, Saudi Arabia, UAE, Egypt, Israel, Rest of Middle East & Africa) Industry Trends and Forecast to 2028
Market Analysis and Insights of Blood Bank Refrigerators Market
The blood bank refrigerators market is expected to gain market growth in the forecast period of 2021 to 2028. Data Bridge Market Research analyses the market to account to USD 160.72 million by 2028 and will grow at a CAGR of 5.45% in the above mentioned forecast period.
Blood bank refrigerators are more than just safe cold storage devices. These refrigerators are equipped with compressors and insulated cabinets required of any refrigeration device and also provide advanced control over storage contents, temperature, warning alarms and more.
The rapid upsurge in the number of road accidents and sports injuries is amongst the important factor expected to intensify the growth and demand of blood bank refrigerators market. In addition, the rise in number of surgeries that require the use of donor blood to replace the blood loss of patients are also expected contributes to the growth in the global market over the forecast period of 2021 to 2028. Also the rise in the number of surgery such as organ and bone marrow transplants, cancer, cardiovascular surgeries, general surgery, nephrology and dialysis results in the high demand for blood components are also likely to enhance the growth of the market. Furthermore, the rapid technological advancement in the healthcare industry and rise in the number of surgical procedures also one of the significant factors expected to fuel the growth of the blood bank refrigerators market.
The rapid advancements in blood bank refrigerators, such as high-performance blood bank refrigerators and plasma freezers which are compatible with external and wireless monitoring solutions and high growth of the emerging markets are anticipated to offer significant growth opportunities for the blood bank refrigerators market in the forecast period of 2021 to 2028.
However, the temperature-alarm system, monitoring of refrigerator temperature and high cost of these refrigerators are expected to curb the growth of the blood bank refrigerators market, whereas the rise in the usage of refurbished equipment can challenge the growth of the blood bank refrigerators market.
This blood bank refrigerators market report provides details of new recent developments, trade regulations, import export analysis, production analysis, value chain optimization, market share, impact of domestic and localized market players, analyses opportunities in terms of emerging revenue pockets, changes in market regulations, strategic market growth analysis, market size, category market growths, application niches and dominance, product approvals, product launches, geographic expansions, technological innovations in the market. To gain more info on the blood bank refrigerators market contact Data Bridge Market Research for an Analyst Brief, our team will help you take an informed market decision to achieve market growth.
Global Blood Bank Refrigerators Market Scope and Market Size
The blood bank refrigerators market is segmented on the basis of type, product type and end user. The growth amongst these segments will help you analyze meager growth segments in the industries, and provide the users with valuable market overview and market insights to help them in making strategic decisions for identification of core market applications.
- Based on type, the blood bank refrigerators market is segmented into common indoor blood bank refrigerators and transport blood bank refrigerators.
- On the basis of product type, the blood bank refrigerators market is segmented into solar powered blood bank refrigerators system, whole standard electric blood bank refrigerator and ice lined blood bank refrigerators system.
- On the basis of end user, the blood bank refrigerators market is segmented into blood bank centers, hospitals and others.
Blood Bank Refrigerators Market Country Level Analysis
The blood bank refrigerators market is analyzed and market size insights and trends are provided by country, type, product type and end user as referenced above.
The countries covered in the blood bank refrigerators market report are U.S., Canada and Mexico in North America, Germany, France, U.K., Netherlands, Switzerland, Belgium, Russia, Italy, Spain, Turkey, Rest of Europe in Europe, China, Japan, India, South Korea, Singapore, Malaysia, Australia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific (APAC) in the Asia-Pacific (APAC), Saudi Arabia, U.A.E, South Africa, Egypt, Israel, Rest of Middle East and Africa (MEA) as a part of Middle East and Africa(MEA), Brazil, Argentina and Rest of South America as part of South America.
North America region leads the blood bank refrigerators market owing to the rise in the prevalence of chronic and infectious diseases, high demand for personalized medicines and favorable government initiatives. Asia-Pacific is expected to expand at a significant growth rate over the forecast period of 2021 to 2028 because of the rise in the R&D expenditure and rapid developments in pharmaceutical and biotechnology sectors.
The country section of the blood bank refrigerators market report also provides individual market impacting factors and changes in regulation in the market domestically that impacts the current and future trends of the market. Data points such as consumption volumes, production sites and volumes, import export analysis, price trend analysis, cost of raw materials, down-stream and upstream value chain analysis are some of the major pointers used to forecast the market scenario for individual countries. Also, presence and availability of global brands and their challenges faced due to large or scarce competition from local and domestic brands, impact of domestic tariffs and trade routes are considered while providing forecast analysis of the country data.
Healthcare Infrastructure growth Installed base and New Technology Penetration
The blood bank refrigerators market also provides you with detailed market analysis for every country growth in healthcare expenditure for capital equipment, installed base of different kind of products for blood bank refrigerators market, impact of technology using life line curves and changes in healthcare regulatory scenarios and their impact on the blood bank refrigerators market. The data is available for historic period 2010 to 2019.
Competitive Landscape and Blood Bank Refrigerators Market Share Analysis
The blood bank refrigerators market competitive landscape provides details by competitor. Details included are company overview, company financials, revenue generated, market potential, investment in research and development, new market initiatives, global presence, production sites and facilities, production capacities, company strengths and weaknesses, product launch, product width and breadth, application dominance. The above data points provided are only related to the companies’ focus related to blood bank refrigerators market.
The major players covered in the blood bank refrigerators market report are Helmer Scientific Inc., Lec Medical, FOLLETT PRODUCTS, LLC, Haier Biomedical, Thermo Fisher Scientific, Dometic Group AB, Philipp Kirsch GmbH, Lorne Laboratories Limited, Migali, Arctiko, Azbil Corporation, Cardinal Health, BINDER GmbH, B Medical Systems, Eppendorf AG, F. Hoffmann-La Roche Ltd, TERUMO BCT, INC., Liebherr-International Deutschland GmbH, VWR International, LLC, and EVERMED s.r.l., among other domestic and global players. Market share data is available for Global, North America, Europe, Asia-Pacific (APAC), Middle East and Africa (MEA) and South America separately. DBMR analysts understand competitive strengths and provide competitive analysis for each competitor separately.
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