This market research report presents a detailed segmentation of the global blood bank refrigerators market by key regions such as APAC, Europe, North America, and ROW. Key findings also include an analysis of the leading vendors such as Biomedical Solutions, Haier Bio-Medical, Helmer Scientific, Panasonic Healthcare, and Thermo Fisher.
Technavio’s market research analysts estimate the global blood bank refrigerators market to grow at a CAGR of 6% between 2015 and 2019. Increase in need for blood and blood products with modern healthcare systems are driving the demand for blood banks, thereby increasing the requirement for blood bank refrigerators. North America is the largest revenue contributor to the global blood bank refrigerator market, accounting for 42% of the overall market share. The presence of a vast number of hospitals, blood banks, and biorepositories in this region has been fuelling the growth of this market.
The new market research report from Technavio provides a breakdown and analysis of the blood bank refrigerators segments by technology.
“Vendors are focusing on improving the top-to-bottom distribution of temperature in blood bank refrigerators for preserving the integrity of blood products, irrespective of inventory load. They are implementing various ways like abating cold air loss, providing insulated windows, and forced air circulation to maintain temperature uniformity. Many blood banks consider temperature uniformity for blood bank refrigerators to be +/-1°C and have included this specification in their internal protocols/SOPs,” says Abhay Sinha, Lead Analyst, New Coverage, Technavio Research.
Of late, the adoption of stringent healthcare and regulatory policies is increasingly contributing to the market growth. Various regulatory bodies, organizations, and governments have thus taken efforts to provide safe blood and blood products by incorporating guidelines in their national health care policy and infrastructure to ensure appropriate storage. For instance, WHO has laid out guidelines and is supporting developing countries through technical assistance for implementing quality storage equipment.
The key vendor in the global blood bank refrigerators market include Biomedical Solutions, Haier Bio-Medical, Helmer Scientific, Panasonic Healthcare, and Thermo Fisher. The market is moderately concentrated with the presence of large and small-sized vendors. The market is currently dominated by international providers and the competition among these players is intense. Vendors compete on the basis of safety, capacity, efficiency, reliability, features, and price. This research report anticipates numerous international providers to expand their presence worldwide through acquisitions during the forecast period.
A more detailed analysis is available in the Technavio report, Global Blood Bank Refrigerators Market 2015-2019.
We can customize reports by other regions and specific segments upon request.
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