Blood Bank Refrigerators Market: North America is expected to account for a major share of the market

Blood Bank Refrigerators Market: Introduction

• Blood bank refrigerators are used for the storage of blood components and whole blood at temperatures ranging from 2°C to 6°C. The blood bank refrigerator is a highly essential piece of equipment in the immunohematology department, and it provides convenient and safe storage of reagents, blood components (e.g., blood cells, plasma), and whole blood. Blood bank refrigerators ensure integrity and freshness of blood and blood components.

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• The refrigeration system includes an interconnecting tubing, a capillary tube or expansion valve, a condenser, and an evaporator electrically powered compressor. A thermostat regulates the refrigerator temperature. In many models, the motor and compressor are connected to the same shaft and sealed in an airtight compartment, making more space available for storage. A temperature alarm is either included or optional. An emergency power system is required in case of a power failure. Configurations include tabletop or floor units.

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Key Drivers, Restrains, and Opportunities of Global Key Drivers, Restrains, and Opportunities of Global Blood Bank Refrigerators Market

• Increase in road accidents, sport injuries, army injuries, and surgeries all over the world drives the blood bank refrigerators market
• Increased innovation and technological advancements in blood bank refrigerators are likely to augment the blood bank refrigerators market. However, stringent regulatory requirements are likely to hamper the market.
• The world is presently struggling with COVID-19 pandemic. Recovered COVID-19 patients are willing to donate their blood to infected patients for plasma therapy. Therefore, increasing awareness about blood donations is driving the blood bank refrigerator market.

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• Governments of developing countries are making significant investments to modernize healthcare infrastructure in their respective countries, which is likely to increase access to healthcare. This is expected to increase the demand for blood bank refrigerators. Increase in surgeries, due to increased road accidents and sedentary lifestyle in developing countries offer lucrative opportunities to the blood bank refrigerators market across the globe.

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North America to Capture Major Share of Global Blood Bank Refrigerators Market

• North America is expected to account for a major share of the global blood bank refrigerators market due to a rise in sport injuries, army injuries, etc. Moreover, well-established healthcare infrastructure and hub for key industry players are major drivers of the blood bank refrigerators market in the region.
• The blood bank refrigerators market in Asia Pacific is estimated to expand at a rapid pace during the forecast period owing to a rise in healthcare infrastructure. Moreover, increase in awareness regarding blood donations in Asia Pacific is likely propel the market in the region.

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Key Players Operating in Global Blood Bank Refrigerators Market

The global blood bank refrigerators market is highly concentrated due to the presence of key players. A huge number of manufacturers hold a major share in their respective regions. Growth strategies adopted by leading players are likely to drive the global blood bank refrigerators market.

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