Market Overview

Blood Bank Refrigerators Market in the US 2018-2022| Rise in Number of Accidents to Drive the Market Growth| Technavio


The blood bank refrigerators market in the US 2018-2022 is expected to
post a CAGR of around 6% during the forecast period, according to the
latest market research report by Technavio.

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Technavio has published a new market research report on the blood bank refrigerators market in the U ...

Technavio has published a new market research report on the blood bank refrigerators market in the US from 2018-2022. (Graphic: Business Wire)

A key factor driving the growth of the market is the rise in number of
road accidents and sports injuries. Road accidents and injuries
sustained by individuals while playing sports are two of the major
factors contributing to the rising number of surgeries that require the
use of donor blood to replace the blood loss of patients. A steep rise
in road accident injuries was witnesses in 2015, which clearly indicated
the requirement of huge blood transfusions due to injuries sustained in
accidents. This, in turn, will lead to the demand for blood bank
refrigerators from hospitals, clinics, and blood banks to store blood
and blood components.

This market research report on the blood
bank refrigerators market in the US 2018-2022
also provides an
analysis of the most important trends expected to impact the market
outlook during the forecast period. Technavio classifies an emerging
trend as a major factor that has the potential to significantly impact
the market and contribute to its growth or decline.

This report is available at a USD 1,000 discount for a limited time
market snapshot before purchasing

In this report, Technavio highlights the presence of value-added
software and hardware products as one of the key emerging trends in the
blood bank fridge market in the US:

Blood bank refrigerators market in the US:
Presence of value-added software and hardware products

Vendors in the market are striving hard to garner large shares by
offering additional software and hardware products to end-users. For
instance, B Medical System offers Data Monitoring Network (DMN), which
is a software for the collection, long-term data, and visualization of
temperature data. It offers an integrated event and activity history of
all appliance components as well as graphical visualization of all
temperature curves.

"The presence of software and hardware components makes it possible
to cater to specific customer requirements and ensure the complete and
safe documentation of temperature data, thus leading to increased
adoption of blood bank refrigerators,"
says a senior analyst at
Technavio for research on lab equipment.

Blood bank refrigerators market in the US:
Segmentation analysis

This market research report segments the blood bank refrigerators market
in the US by end-user (hospitals and diagnostic centers, and stand-alone
blood bank centers) and product type (standard electric refrigerators,
solar-powered refrigerators, and ice-lined refrigerators).

The hospitals and diagnostic centers segment occupied maximum share in
the market due to the rising need to provide medical support to people.
Moreover, with an increase in their number and convenience provided by
them, hospitals are expanding their services related to medical care.

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Some of the key topics covered in the report include:

Market Landscape

  • Market ecosystem
  • Market characteristics
  • Market segmentation analysis

Market Sizing

  • Market sizing
  • Market size and forecast

Five Forces Analysis

Market Segmentation

Geographical Segmentation

  • Regional comparison
  • Key leading countries

Market Drivers

Market Challenges

Market Trends

Vendor Landscape

  • Vendors covered
  • Vendor classification
  • Market positioning of vendors
  • Competitive scenario

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