According to Technavio’s latest market research study, the blood bank refrigerator market in the US is expected to grow at a CAGR of close to 6% during the forecast period, 2017-2021.
This report by Technavio provides an in-depth analysis of the blood bank refrigerator market in the US in terms of revenue and emerging market trends. The report also includes an up-to-date analysis and forecasts for various market segments and all geographical regions.
Technavio research analysts categorize the market based on the end-user type
Source: Technavio
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The top three revenue contributing end-user segments are discussed below
Hospitals and diagnostic centers in blood bank refrigerators market in the US: Hospitals and diagnostic centers require a regular supply of blood as a support care for surgeries and treatments for ailments such as cancer, cardiovascular diseases, and neonatal jaundice. The increase in the number of hospitals provides a chance to key vendors from other countries to shift their focus to the US during the forecast period is expected to propel the demand for blood bank refrigerators from hospitals and diagnostic centers.
“Sickle cell disease, an inherited disease that affects over 80,000 people in the US annually, and will be a major cause for concern in terms of blood supply as patients diagnosed with the condition have to receive blood transfusions on a monthly basis,” says Amber Chourasia, a lead analyst at Technavio for research on lab equipment.
Stand-alone blood bank centers in blood bank refrigerators market in the US: Stand-alone blood banks store, monitor, and control their inventory as they preserve blood for a long period of time before it is supplied to hospitals and diagnostic centers. With an increase in traffic in terms of inflow and outflow of blood bags in the blood bank centers, there is a significant need to store them in an ideal condition through blood bank refrigerators, leading to the growth of the market.
Others in the blood bank refrigerators market in the US: The others segment comprises of government research institutions and privately funded institutes, as well as academic institutes such as universities that engage in research on several diseases and drug development. The projected increase in blood disorders is expected to necessitate the development of therapy and drugs that will require explorative study using blood, in turn driving the demand for efficient storage solutions.
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Top vendors operating in the blood bank refrigerators market in the US are:
- Biomedical Solutions
- B Medical Systems
- Helmer Scientific
- Thermo Fisher Scientific
Other prominent vendors in the market include Atico, Follett, Panasonic Biomedical, Telstar, VWR (Supplier and manufacturer).
A more detailed analysis is available in the Technavio report titled, ‘Blood Bank Refrigerator Market in the US 2017-2021’. Technavio also customizes reports by other regions and specific segments upon request.
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