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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 analyst predicts the global blood bank refrigerators market to grow at a CAGR of around 6% during the forecast period. The rise in the number of blood banks is driving the growth of this market. The need for blood and blood products is growing as modern healthcare systems have evolved, life expectancies have increased, and diseases have a higher incidence. The new treatments and practices and greater sophistication of surgical and medical procedures have intensified the need for the availability blood transfusions and blood products. This is turn is driving the market for blood bank refrigerators.
The adoption of stringent healthcare and regulatory policies is also 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.
North America was the largest revenue contributor during 2014 with a market share of around 42%. The report predicts the region to retain its market leadership until the end of 2019, growing at a CAGR of 6%.
The presence of a vast number of hospitals, blood banks, and biorepositories in this region has been fueling the growth of this market.
The global blood bank refrigerators 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.
The key vendors in the market are –
Other vendors in the market include Dometic, Follett, Glen Dimplex, Kirsch, LABCOLD, Lorne Laboratories, REMI, and Telstar.
Technavio presents a detailed picture of the market by way of study, synthesis, and summation of data from multiple sources. The analysts have presented the various facets of the market with a particular focus on identifying the key industry influencers. The data thus presented is comprehensive, reliable, and the result of extensive research, both primary and secondary.
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This report is available in English.
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