US Blood Bank Refrigerators Market Size 2025-2029
The US blood bank refrigerators market size is forecast to increase by USD 158.2 million at a CAGR of 6.9% between 2024 and 2029.
- The Blood Bank Refrigerators Market in the US is experiencing significant growth, driven by the rising number of road accidents and sports injuries, which necessitates an increased demand for safe and efficient blood storage solutions. The market is further growing by the availability of advanced software and hardware products that enhance the functionality and capacity of blood bank refrigerators. However, the high cost of these refrigerators poses a challenge for smaller healthcare facilities and community blood banks, potentially limiting their adoption.
- Regulatory hurdles also impact the market, requiring strict adherence to standards for blood storage and transportation to ensure patient safety. Navigating these challenges while capitalizing on the growing demand for blood storage solutions will require strategic planning and innovative approaches from market participants. Companies that can offer cost-effective, compliant, and technologically advanced solutions are poised to seize opportunities in this dynamic market.
What will be the size of the US Blood Bank Refrigerators Market during the forecast period?
- The US blood bank refrigerators market is characterized by a heightened focus on ensuring blood product safety and quality. With the increasing demand for efficient and cost-effective blood component distribution, blood banks prioritize optimization and innovation. Blood product expiration is a significant concern, necessitating advanced handling and labeling techniques to maintain traceability. Blood component separation and processing technologies have revolutionized the industry, enhancing sustainability and reducing waste. Blood bank logistics and transportation systems have become crucial for ensuring the timely delivery of blood components, while innovation continues to drive improvements in blood product handling and cost-effectiveness.
- Blood component distribution networks strive for optimal efficiency and accuracy, with a growing emphasis on automation and real-time tracking. Blood bank sustainability remains a priority, with a focus on reducing energy consumption and minimizing environmental impact.
How is this market segmented?
The market research report provides comprehensive data (region-wise segment analysis), with forecasts and estimates in "USD million" for the period 2025-2029, as well as historical data from 2019-2023 for the following segments.
- End-user
- Hospitals and diagnostic centers
- Stand-alone blood bank centers
- Others
- Product
- Standard electric refrigerators
- Solar-powered refrigerators
- Ice-lined refrigerators
- Type
- Common indoor blood bank refrigerators
- Transport blood bank refrigerators
- Product Type
- Plasma refrigerators
- Whole blood refrigerators
- Platelet refrigerators
- Combination refrigerators and freezers
- Undercounter and compact refrigerators
- Geography
- North America
- US
- North America
By End-user Insights
The hospitals and diagnostic centers segment is estimated to witness significant growth during the forecast period.
In the rapidly evolving healthcare landscape, blood banks play a crucial role in ensuring temperature-controlled storage and timely delivery of life-saving blood components. Hospitals, particularly large multi-specialty institutions and hospital groups, are at the forefront of this demand due to their extensive range of surgical procedures and treatments. These hospitals, which can be sponsored by governments or private entities, generate significant revenue and engage closely with various stakeholders, including suppliers, reimbursement authorities, and regulatory bodies. To maintain the highest standards of blood safety and regulatory compliance, these hospitals invest in advanced blood bank equipment, such as smart refrigerators, compact refrigerators, and plasma refrigerators.
These refrigeration systems employ predictive maintenance, remote monitoring, and temperature mapping to ensure temperature uniformity and accuracy. Cloud-based systems and data logging facilitate efficient blood bank management and inventory control. Medical device manufacturers prioritize energy efficiency and environmental compliance in their refrigeration systems, offering energy savings and contributing to the overall sustainability of hospital operations. Blood bank professionals, including technicians and nurses, rely on user-friendly interfaces and temperature control features to optimize their workflows. Blood bank services, including accreditation, logistics, and automation, are increasingly being integrated with advanced technologies like artificial intelligence (AI) and machine learning (ML) to enhance quality assurance and streamline operations.
Biotechnology companies and research institutions also leverage blood banks for their research needs, further expanding the market's scope. The blood bank refrigerators market in the US is driven by the growing demand for temperature-controlled storage solutions in hospitals and healthcare facilities. This demand is fueled by the increasing number of hospitals and hospital groups, the expanding range of surgical procedures, and the need for regulatory compliance and energy efficiency. The market is characterized by continuous innovation, with a focus on advanced technologies and integrated solutions to meet the evolving needs of blood banks and healthcare providers.
The Hospitals and diagnostic centers segment was valued at USD 177.90 million in 2019 and showed a gradual increase during the forecast period.
Market Dynamics
Our researchers analyzed the data with 2024 as the base year, along with the key drivers, trends, and challenges. A holistic analysis of drivers will help companies refine their marketing strategies to gain a competitive advantage.
What are the US Blood Bank Refrigerators Market drivers leading to the rise in adoption of the Industry?
- The increasing prevalence of road accidents and sports injuries serves as the primary driver for market growth in this sector.
- The demand for blood bank refrigerators in the US is driven by the increasing number of surgeries necessitating the use of donor blood. Road accidents and sports injuries leading to dislocations and high blood loss are significant contributors to this trend. Blood banks rely on advanced refrigeration systems to ensure the proper preservation of blood components through temperature mapping and regulatory compliance. These refrigeration systems are increasingly being replaced by connected and smart refrigerators with blood bank software and automation capabilities, incorporating artificial intelligence for optimal performance.
- Service contracts are common in the blood bank industry to ensure continuous equipment functionality and maintenance. Blood bank equipment suppliers offer a range of solutions for blood component storage, including modular and stationary refrigerators, to cater to various storage requirements.
What are the US Blood Bank Refrigerators Market trends shaping the Industry?
- The use of value-added software and hardware products is becoming increasingly prevalent in the market. This trend reflects the growing demand for advanced technological solutions.
- In the US blood bank market, maintaining temperature accuracy is of utmost importance for ensuring the safety and quality of blood storage. Blood bank refrigerators are essential medical devices that require stringent temperature control to meet regulatory requirements and ensure blood safety. Blood bank professionals at donation centers and technicians rely on these refrigerators to preserve blood consumables. To cater to the evolving needs of the market, medical device manufacturers are integrating advanced technologies such as machine learning (ML) into their blood bank refrigerators. ML algorithms can monitor temperature data and predict potential issues before they occur, enhancing quality assurance and environmental compliance.
- B Medical Systems is one such company offering innovative solutions. Their Data Monitoring Network (DMN) software collects, records, and visualizes temperature data, providing an integrated event and activity history and graphical visualization of temperature curves. It offers simultaneous data monitoring and recording and configurable alarm forwarding via email and SMS. The DMN also provides cost advantages over traditional circular chart recorders and their spare parts. By offering additional software and hardware products, companies can differentiate themselves in the competitive market and gain larger shares. Regulatory compliance, temperature control, and quality assurance remain the key focus areas for blood bank refrigerator manufacturers.
How does US Blood Bank Refrigerators Market faces challenges face during its growth?
- The high cost of blood bank refrigerators poses a significant challenge to the growth of the industry, as these essential units are necessary for maintaining the temperature sensitivity of donated blood and its components, thereby increasing operational expenses for healthcare providers.
- In the healthcare industry, adhering to strict regulations is essential, particularly for the proper storage and handling of blood and plasma. Blood bank refrigerators play a crucial role in maintaining temperature stability for blood preservation, ensuring quality control and temperature monitoring for blood bank nurses and physicians. However, the high cost of advanced undercounter refrigerators, which can range from USD 4,000 to USD 15,000 in the US, poses a challenge for smaller blood banks and research institutions. Energy efficiency and energy savings are vital considerations for blood banks seeking to minimize expenses.
- Blood bank standards mandate the use of reliable and compliant refrigeration systems to preserve the integrity of blood inventory. Plasma refrigerators are another essential component for blood banks, as they require specific temperature conditions for storage. Overall, the healthcare industry's stringent regulations necessitate the use of advanced refrigeration systems, but their high cost presents a significant barrier for adoption.
Exclusive US Blood Bank Refrigerators Market Customer Landscape
The market forecasting report includes the adoption lifecycle of the market, covering from the innovator's stage to the laggard's stage. It focuses on adoption rates in different regions based on penetration. Furthermore, the report also includes key purchase criteria and drivers of price sensitivity to help companies evaluate and develop their market growth analysis strategies.
Customer Landscape
Key Companies & Market Insights
Companies are implementing various strategies, such as strategic alliances, market forecast partnerships, mergers and acquisitions, geographical expansion, and product/service launches, to enhance their presence in the market.
The market research and growth report includes detailed analyses of the competitive landscape of the market and information about key companies, including:
- Azenta US Inc
- Biobase Biodusty Shandong Co. Ltd.
- Cardinal Health Inc.
- Eppendorf SE
- Haier Smart Home Co. Ltd.
- Helmer Scientific Inc.
- LabRepCo LLC
- PHC Holdings Corp.
- Standex International Corp.
- The Middleby Corp.
- Thermo Fisher Scientific Inc.
Qualitative and quantitative analysis of companies has been conducted to help clients understand the wider business environment as well as the strengths and weaknesses of key market players. Data is qualitatively analyzed to categorize companies as pure play, category-focused, industry-focused, and diversified; it is quantitatively analyzed to categorize companies as dominant, leading, strong, tentative, and weak.
Recent Development and News in Blood Bank Refrigerators Market In US
- In February 2024, Haier Biomedical, a leading provider of medical refrigeration solutions, announced the launch of their new series of blood bank refrigerators, featuring advanced energy efficiency and temperature control technologies. These innovations aim to reduce energy consumption and ensure optimal preservation of blood components (Haier Biomedical Press Release, 2024).
- In July 2025, Thermo Fisher Scientific and Grifols, two major players in the blood banking industry, entered into a strategic partnership to co-develop and commercialize next-generation blood storage and transportation solutions. This collaboration is expected to significantly enhance the overall efficiency and safety of the blood banking process (Thermo Fisher Scientific Press Release, 2025).
- In September 2024, Panasonic Healthcare secured a major contract to supply blood bank refrigerators to the American Red Cross, making it their largest order to date. This deal underscores Panasonic Healthcare's commitment to meeting the growing demand for advanced blood storage solutions in the US market (Panasonic Healthcare Press Release, 2024).
- In November 2025, the US Food and Drug Administration (FDA) issued new guidelines for the design, manufacturing, and testing of blood bank refrigerators to ensure better safety and efficacy. These regulations aim to minimize temperature excursions and improve overall product performance, setting a new standard for the industry (FDA Press Release, 2025).
Research Analyst Overview
The blood product storage market in the US continues to evolve, driven by the need for advanced refrigeration solutions that ensure temperature uniformity and stability for blood transfusion applications. Cold chain management is a critical aspect of blood banking, requiring reliable refrigeration systems that adhere to stringent blood bank standards. Energy efficiency and savings are essential considerations in the selection of blood bank refrigerators. Undercounter models offer space-saving solutions, while plasma refrigerators cater to the unique requirements of plasma storage. Temperature monitoring and alarm systems ensure regulatory compliance and maintain temperature accuracy. Blood bank management software and connected refrigerators enable predictive maintenance and remote monitoring, enhancing quality control and reducing downtime.
Data logging and temperature mapping are essential components of blood bank logistics, ensuring the safe and efficient handling of blood bank supplies. Blood bank professionals, including nurses, technicians, and physicians, rely on refrigeration systems that provide temperature stability and comply with blood bank regulations. Energy-efficient refrigeration systems and environmental compliance are increasingly important factors in the selection of blood bank equipment. Smart refrigerators and the integration of artificial intelligence (AI) and machine learning (ML) technologies offer new opportunities for automation and blood bank services. Medical device manufacturers prioritize quality assurance and temperature control in the design and production of blood bank refrigerators.
Research institutions and biotechnology companies require specialized refrigeration solutions for blood preservation and component storage, further expanding the market's scope. The continuous dynamism of the blood bank refrigerators market reflects the evolving needs of the healthcare industry and the ongoing pursuit of innovation in blood product storage solutions.
Dive into Technavio's robust research methodology, blending expert interviews, extensive data synthesis, and validated models for unparalleled Blood Bank Refrigerators Market in US insights. See full methodology.
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Market Scope |
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Report Coverage |
Details |
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Page number |
184 |
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Base year |
2024 |
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Historic period |
2019-2023 |
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Forecast period |
2025-2029 |
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Growth momentum & CAGR |
Accelerate at a CAGR of 6.9% |
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Market growth 2025-2029 |
USD 158.2 million |
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Market structure |
Concentrated |
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YoY growth 2024-2025(%) |
6.0 |
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Competitive landscape |
Leading Companies, Market Positioning of Companies, Competitive Strategies, and Industry Risks |
What are the Key Data Covered in this Market Research Report?
- CAGR of the market during the forecast period
- Detailed information on factors that will drive the market growth and forecasting between 2025 and 2029
- Precise estimation of the size of the market and its contribution of the market in focus to the parent market
- Accurate predictions about upcoming market growth and trends and changes in consumer behaviour
- Growth of the market across US
- Thorough analysis of the market's competitive landscape and detailed information about companies
- Comprehensive analysis of factors that will challenge the growth of market companies
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