Lewes, DE -- (SBWIRE) -- 03/09/2017 -- Report forecast the blood bank refrigerator market in the US to grow at a CAGR of 5.79% during the period 2017-2021.

The demand for blood products is likely to grow during the forecast period due to an increase in the incidence of diseases in the US, which is home to the fastest growing elderly population. This might escalate the number of chronic and age-related diseases, necessitating an increase in blood transfusion as a part of treatment.

This has made it indispensable for hospitals and diagnostic centers to employ highly specialized refrigeration equipment to ensure the proper preservation and storage of blood units, which can be made immediately available for transfusion or research purposes. Considering the lack of an adequate supply of blood in the US, organizations such as the American Association of Blood Banks have set stringent guidelines to ensure appropriate storage and supply, thereby forcing end-users such as blood banks and hospitals to use highly efficient cold storage systems to store blood units.

The report covers the present scenario and the growth prospects of the blood bank refrigerator market in the US for 2017-2021. To calculate the market size, the report considers the revenue generated from the sales of blood bank refrigerators in the US.

According to the report, healthcare costs have increased by 91% during 2000-2011 in the US. There has also been a significant rise in the number of diseases, giving rise to treatments and surgeries. This requires a constant supply of blood. Subsequently, the storage of blood will have to be taken care of to ensure that the availability is constant.

Further, the report states that the healthcare industry is stringently regulated worldwide. Compliance criteria need to be met at every stage of product development and management, which is sometimes time consuming and expensive. Blood is sensitive to temperature, requiring it to be stored in stable-temperature environments and systems such as blood bank refrigerators. The high cost of advanced blood bank refrigerators is hampering the growth of the market due to less acceptability among end-users, especially among small-scale blood banks and hospitals.

Blood Bank Refrigerators Market in the US 2017-2021, has been prepared based on an in-depth market analysis with inputs from industry experts. The report covers the market landscape and its growth prospects over the coming years. The report also includes a discussion of the key vendors operating in this market.

key players in the blood bank refrigerators market in the US: Biomedical Solutions, B Medical Systems, Helmer Scientific, and Thermo Fisher Scientific

Other Prominent Vendors in the market are: Atico, Follett, Panasonic Biomedical, Telstar, VWR (Supplier and manufacturer)

Market driver
- Growing number of blood banks
- For a full, detailed list, view our report

Market challenge
- Uncertain performance of temperature alarm system
- For a full, detailed list, view our report

Market trend
- Developments in monitoring systems
- For a full, detailed list, view our report

Key questions answered in this report
- What will the market size be in 2021 and what will the growth rate be?
- What are the key market trends?
- What is driving this market?
- What are the challenges to market growth?
- Who are the key vendors in this market space?
- What are the market opportunities and threats faced by the key vendors?
- What are the strengths and weaknesses of the key vendors?

Spanning over 93 pages and 43 Exhibits "Blood Bank Refrigerators Market in the US 2017 - 2021" report covers Executive summary, Scope of the report, Market research methodology, Introduction, Market landscape, Market segmentation by product type, Market segmentation by end-user, Market drivers, Impact of drivers, Market challenges, Impact of drivers and challenges, Market trends, Vendor landscape, Conclusion, Appendix.

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