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Growing Prevalence of U.S. Blood Bank Refrigerators Market is Expected to Rise at a CAGR of 5.79% between 2017 and 2021

Press Release   •   Feb 16, 2017 07:22 EST

The report, titled “Blood Bank Refrigerators Market In The US 2017-2021” is a top-level analysis of the growth of the U.S. blood bank refrigerators market for the 2017-2021 period. The report analyzes current market trends, historic performance, and technological advancements for a know-how of the progression of this industry during the forecast period. Analysts reached out to industry-centric databases and medical councils to gather information about the number of operational blood bank refrigerators in the U.S.

According to the report, the U.S. blood bank refrigerator market is expected to rise at a CAGR of 5.79% between 2017 and 2021.

The report mentions top vendors in the U.S. blood bank refrigerator market, namely Biomedical Solutions, Helmer Scientific, B Medical Systems, and Thermo Fisher Scientific. Some other prominent vendors that operate in this market are ARCTIKO, Dometic, Haier, Kirsch, Lorne Laboratories, REMI GROUP, Vestfrost Solutions, Bionics Scientific Technologies, Dulas, Glen Dimplex, LABCOLD, Macro Scientific Works, and Sure Chill. Product price, financials, R&D status, and SWOT analysis are the attributes that top players in this market are profiled for.

The top driver of the U.S. blood bank refrigerator market is the increasing number of blood banks in the country. This is because the demand for blood products is likely to grow due to the increasing incidence of diseases as it is home to the fastest growing elderly population. The increasing incidence of chronic and age-related diseases necessitates the presence of highly specialized refrigeration equipment to safeguard proper preservation and storage of blood units, which may be needed as part of the treatment or for research purposes.

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However, factors such as the uncertain performance of temperature alarm system is challenging the market’s growth. Blood products need to be stored in highly reliable cold storage systems as any discrepancy in the functioning of the system can have adverse consequences.

Nevertheless, developments in monitoring systems will open lucrative opportunities for the growth of the U.S. blood bank refrigerator market. Accredited agencies such as the American Association of Blood Banks have laid out stringent guidelines to safeguard appropriate storage and supply of blood products. This has forced various end-users such as blood banks and hospitals to deploy highly efficient monitoring systems to raise alarm in the event of a change in the ambient temperature.

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The introductory part of the report outlines terms and terminologies, applications, and classifications that are relevant for the blood bank refrigerators industry. This is followed by a detailed discussion on industry mandates and industry chain structure that are prevalent in this industry. Using standard analytical tools, a feasibility and profitability analysis of new investments in the U.S. blood bank refrigerators market are included herein.

 

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