Blood Bank Refrigerators Market Size, Share, and Growth Analysis

Global Blood Bank Refrigerators Market

Blood Bank Refrigerators Market By Type (Plasma Refrigerators, Whole Blood Refrigerators), By Capacity (Small (Below 50 Liters), Medium (50-150 Liters)), By Temperature Range, By Application, By Connectivity, By Region - Industry Forecast 2025-2032


Report ID: SQMIG35B2231 | Region: Global | Published Date: June, 2025
Pages: 198 |Tables: 89 |Figures: 70

Format - word format excel data power point presentation

Blood Bank Refrigerators Market Insights

Global Blood Bank Refrigerators Market size was valued at USD 1.0 billion in 2023 and is poised to grow from USD 1.04 billion in 2024 to USD 1.44 billion by 2032, growing at a CAGR of 4.1% during the forecast period (2025-2032). 

At the fundamental level, the reasons for the growth in the global blood bank refrigerators market does mostly fall back to the increasing demand for blood transfusions. Increasingly, blood transfusions are required in more complex surgical procedures, trauma cases are on the rise, and chronic diseases like cancer and cardiovascular diseases rising the demand for blood transfusions. Existing infrastructure is being strained by the demand which requires continual replacement and expansion of cold-chain facilities. As healthcare organizations continue to modernize in areas that are experiencing population growth and urbanization, precision refrigeration has become essential to prevent spoilage and ensure the integrity of blood products.

Adoption of IoT-enabled temperature monitoring and alarm systems, across blood banks from various regions, are funded by both public and private sources as these technologies move from pilot projects to standard procurement. IoT-enabled monitoring, cloud-based dashboards to assist inventory management, and remote access control with alarms will help support operational efficiency, reduce personnel risk on managing temperatures through remote access and oversight for decentralized storage locations.

How AI Powers Preemptive Strategies in the Global Blood Bank Refrigerators Market?

Artificial intelligence (AI) technology is transforming the global blood bank refrigerator industry by deploying predictive analytics and automated controls that predict unexpected equipment failures and preserve necessary and stringent temperature limits. AI algorithms continuously analyze monitoring temperature, humidity, and door activity, to predict excursions, trigger prescriptive maintenance alerts, and prevent up to one-third of equipment downtime. This helps protect critical inventory, reduce system wear, optimize compressor cycles, and lower excess energy consumption and operating costs.

  • One recent milestone in this arena was the introduction by Haier Biomedical of its "Laboratory Digital Twin System" in 2025, an AI based platform to produce a digital twin for every refrigeration unit. It will determine the cooling profile through what-if scenarios, predicting future wear of components and, when to service or inspect. Customers are already reporting 25% decreases in spoilage events and 15% reductions in energy usage showing evidence of typicality to demonstrate how AI is contributing toward improving the reliability of blood-supply availability and compliance of modern transfusion services.

Market snapshot - 2025-2032

Global Market Size

USD 1.0 billion

Largest Segment

Blood banks

Fastest Growth

Research Laboratories

Growth Rate

4.1% CAGR

Global Blood Bank Refrigerators Market($ Bn)
Country Share by North America (%)

To get more reports on the above market click here to Buy The Report

Blood Bank Refrigerators Market Segments Analysis

Global Blood Bank Refrigerators Market is segmented by Type, Capacity, Temperature Range, Application, Connectivity and region. Based on Type, the market is segmented into Plasma Refrigerators, Whole Blood Refrigerators, Platelet Refrigerators and Others. Based on Capacity, the market is segmented into Small (Below 50 Liters), Medium (50-150 Liters) and Large (150 Liters and Above). Based on Temperature Range, the market is segmented into 2-8 Degrees Celsius, -18 to -25 Degrees Celsius and Others. Based on Application, the market is segmented into Hospitals and Clinics, Blood Banks, Research Laboratories and Others. Based on Connectivity, the market is segmented into Wi-Fi Enabled, Bluetooth Enabled, GSM/GPRS Enabled and Non-Connected. Based on region, the market is segmented into North America, Europe, Asia Pacific, Latin America and Middle East & Africa.  

How are Market Forces Impacting the Blood Bank Refrigerators Applications?

Blood banks command the largest application share in the global blood bank refrigerators market, driven by centralized donor networks and growing collection volumes worldwide, which push blood centers to invest in multi-chamber, IoT-enabled refrigerators for scalable storage and seamless distribution. Government mandates and strict regulatory standards on temperature control and traceability, reinforced by integrated smart monitoring and emerging blockchain traceability, compel blood banks to upgrade equipment continuously, ensuring compliance and minimizing spoilage risks across complex supply chains.

Research laboratories are the fastest-growing application in the global blood bank refrigerators market, with biomedical fridge sales in research settings climbing rapidly. They require small- to medium-sized units equipped with precise temperature controls for cell lines, reagents, and novel biologics, a trend backed by surging biotech R&D budgets and academic grants worldwide.

Why Is Capacity an Important Factor in the Blood Bank Refrigerators Market?

Medium-capacity (50–150 L) refrigerators dominate with the highest global blood bank refrigerators market share, as they accommodate diverse blood components without overwhelming space constraints in hospitals and regional blood centers. Their widespread adoption is driven by an ideal storage-to-footprint ratio, energy efficiency that reduces operational expenses, and seamless integration with existing cold-chain systems. Cost-effectiveness, minimal maintenance needs, and the ability to handle routine transfusion volumes further bolster the preference for medium-sized units in clinical settings.

Large-capacity units (≥150 L) are growing fastest in the global blood bank refrigerators market, as hospitals and regional blood centers expand inventories to meet rising transfusion demands. These systems support bulk storage of diverse blood components and integrate advanced IoT monitoring, reducing spoilage risks in high-volume operations.

Global Blood Bank Refrigerators Market By Applications (%)

To get detailed analysis on other segments, Request For Free Sample Report

Blood Bank Refrigerators Market Regional Insights

Why does North America Dominate the Global Blood Bank Refrigerators Market?

As per global blood bank refrigerators market outlook North America leads largely due to its advanced healthcare system, applicable regulations like no less than FDA, AABB, & Health Canada, all with appropriate temperature control for blood storage. North America has problems with hospitals & blood centers still using single-chamber refrigerators, when the metric of facilitation is unexplored. The adoption of IoT enabled multi-chamber refrigeration units ensure real-time monitoring, and alerts, thus minimizing spoilage in blood banks. Additionally, North America receives extensive funding from government grants (both now for cold-chaining and from pandemic preparedness programs) resulting in significant dominance overall.

US Blood Bank Refrigerators Market

The United States leads North America's blood bank refrigerators market, driven by major manufacturers deploying AI-powered, IoT-connected units that enable real-time monitoring and automated alerts to ensure strict temperature compliance. Haier Biomedical USA recently launched its Intelligent Blood Safety Management platform, integrating cloud-based analytics to oversee storage conditions and improve traceability across hospital networks. The U.S. market held a substantial share in the biomedical refrigerators and freezers sector, underscoring its pivotal role in driving technological adoption. FDA’s accelerated pre-market notifications have enabled a faster roll-out of advanced cold-chain solutions in critical care facilities.

Canada Blood Bank Refrigerators Market

Canadian blood Services released its 2023–2024 sustainability policy in April 2024, which included quantifying ESG criteria in its procurement and cold-chain processes to reduce environmental burden/reduce impact and improve lifecycle management of the blood bank refrigerators. Meanwhile, Canadian Blood Services' research teams explored AI-based monitoring approaches to ensure transfusion quality by using microfluidic-sorting and deep-learning analytics to predict hemolysis from storage and suggested improvements to inventory rotation protocols. These actions will place Canada as a leader in sustainable and intelligent blood storage in North America.

Which factors lead to Europe’s fast growth in the Global Blood Bank Refrigerators Market?

According to our global blood bank refrigerators market regional forecast, Europe is the fastest growing region in the global blood bank refrigerators market, with the regional medical-refrigerator sector, outpacing global averages. Growth is underpinned by robust R&D spending in Germany and France, coupled with EU-mandated cold-chain digitization initiatives and the EU Medical Device Regulation (MDR), which drive continuous equipment upgrades. Public–private partnerships have accelerated deployment of connected units across national blood-service networks, enhancing traceability and minimizing spoilage risks in cross-border transfusion programs.

Germany Blood Bank Refrigerators Market

Germany is the dominant country in Europe’s blood bank refrigerators market. Haier Biomedical and PHC Corporation secured EU MDR 2017/745 certification for their smart blood-bank refrigerators in March 2025, enabling pan-European deployment of IoT-enabled units with real-time temperature and door-ajar alerts. Backed by the German Federal Ministry of Health’s Digital Health Initiative, these refrigerators integrate blockchain traceability to meet strict data-integrity requirements, cutting spoilage incidents by 18% in early trials across Berlin blood-centers.

UK Blood Bank Refrigerators Market

The U.K. is fastest growing country in Europe’s blood bank refrigerators market, with its blood-services authority launched a 2024 pilot in partnership with Thermo Fisher to equip ten regional centers with AI-powered refrigeration units, featuring predictive-maintenance algorithms that forecast component failures in advance. This program, funded under the NHS Innovation Accelerator, has already reduced unplanned downtime by 22% and demonstrated a 12% reduction in total operating costs, reinforcing the U.K.’s leadership in intelligent cold-chain management.

How does Government interference help Asia Pacific’s Blood Bank Refrigerators Market?

Asia Pacific is an emerging region in the global blood bank refrigerators market, propelled by expanding healthcare infrastructures, rising transfusion volumes in populous nations, and government-led cold-chain modernization programs. National health missions are subsidizing IoT-enabled deployments in urban hospitals and rural clinics alike, while public–private partnerships with global OEMs localizing production of cost-effective, solar-compatible units. Combined with growing biopharma and clinical trial activity, these forces are closing transfusion-safety gaps across diverse APAC healthcare landscapes.

Japan Blood Bank Refrigerators Market

Japan commands the largest share of the APAC blood bank refrigerators market, underpinned by a mature healthcare system, stringent PMDA regulations, and high per-capita donation rates that sustain large national blood reserves. Domestic manufacturers such as PHC Corporation leverage deep local expertise to deliver IoT-enabled, multi-chamber units tailored for hospital networks, while government subsidies for cold-chain upgrades accelerate procurement. Robust medical R&D spending, particularly in transfusion medicine, and frequent blood-safety audits ensure continuous replacement of older units with smarter, precision-controlled refrigerators.

South Korea Blood Bank Refrigerators Market

South Korea is the fastest growing in the APAC blood bank refrigerators market. Growth here is fueled by substantial government investment in digital health initiatives such as national e-health records that integrate cold-chain data and rising biomedical R&D in cell-therapy and plasma products. Major hospital chains are retrofitting facilities with connected refrigeration systems featuring real-time alerts and cloud analytics, while partnerships between OEMs and local startups streamline deployment of energy-efficient, remote-monitoring units in regional blood centers.

Global Blood Bank Refrigerators Market By Geography
  • Largest
  • Fastest

To know more about the market opportunities by region and country, click here to
Buy The Complete Report

Blood Bank Refrigerators Market Dynamics

Blood Bank Refrigerators Market Drivers

Increasing Demand for Blood Transfusions

  • The growing demand for blood transfusions, driven by an aging population and the rising incidence of chronic diseases such as cancer and cardiovascular conditions, is a key factor propelling the blood bank refrigerator market. As healthcare providers face increasing pressure to store and manage blood products safely, there is a heightened need for advanced refrigeration systems with precise temperature control and monitoring capabilities. Coupled with stricter regulatory requirements and a greater focus on patient safety, these factors are contributing to steady market growth.

Increasing Awareness for Blood Donations

  • Growing public awareness is one of the significant market trends in the global blood bank refrigerators market. The importance of regular blood donation has led to increased participation in donation drives, boosting the supply side of blood management. Additionally, the expanding network of blood banks and collection centers worldwide is creating a greater need for reliable cold storage solutions, to preserve blood and its components safely. These combined developments are contributing to the steady growth and modernization of the blood bank refrigeration industry.

Blood Bank Refrigerators Market Restraints

High Capital & Maintenance Costs

  • Blood bank refrigerators with advanced features such as multi-chamber designs, IoT connectivity, and AI-driven monitoring carry steep upfront procurement prices that strain budgets of smaller hospitals and clinics. Ongoing calibration, software updates, and preventive maintenance further inflate total cost of ownership, slowing adoption in resource-limited settings.

Stringent Regulatory Compliance

  • Manufacturers and end-users must navigate rigorous regulations (e.g., FDA’s 21 CFR Part 11, EU MDR 2017/745, AABB standards) governing temperature accuracy, data traceability, and device validation. Meeting these complex requirements demands time-consuming documentation and costly third-party audits, delaying market entry and adding operational burdens for blood centers.

Request Free Customization of this report to help us to meet your business objectives.

Blood Bank Refrigerators Market Competitive Landscape

The competitive landscape of the global blood bank refrigerators market is increasingly shaped by multifunctional, service-oriented offerings rather than standalone hardware sales. Legacy manufacturers are building end-to-end cold-chain ecosystems, integrating IoT-enabled monitoring, cloud-based analytics, and predictive-maintenance services into their portfolios. Haier Biomedical, PHC Corporation, and Helmer Scientific are all extending their footprints through platform-based solutions that bundle hardware, software subscriptions, and training services. This shift from one-time capital equipment transactions to recurring-revenue service models is another common global blood bank refrigerators market strategy, which when employed, fosters stronger customer retention and opens cross-sell opportunities in adjacent laboratory and biobanking segments.

At the same time, agile startups are carving out specialized niches that complement incumbent strategies. Portable and off-grid refrigeration units from companies like Delta Development Team address emergency and military use cases, while retrofit solutions from firms such as ColdAware convert existing units into smart, connected assets. Others focus on modular, eco-friendly designs or blockchain-based traceability platforms, positioning themselves as innovation accelerators for customers looking to upgrade piecemeal without full capital replacements. This dual-track competition platform players versus nimble specialists drives rapid diffusion of new technologies across diverse user segments.

  • Founded in 2020, Delta Development Teams’ main objective is to deliver ultra-portable, battlefield-ready blood storage solutions that maintain +2 °C to +8 °C for days without mains power. Their Autonomous Portable Refrigeration Unit (APRU) uses advanced thermal-system technology and a high-capacity battery pack to support medics in remote or austere environments, having been deployed by U.S. Special Operations Command and tested with the 48th Rescue Squadron. APRU’s real-time web-based monitoring and FDA-listed design meet AABB standards, reducing spoilage and enabling prehospital transfusions on site.
  • Founded in 2022, RedC Biotech’s main objective is to revolutionize the blood supply by manufacturing universal, donor-independent red blood cells at a scale using stem-cell technology. RedC’s process produces pathogen-free, universal-type RBCs that eliminate the need for blood-type matching and reduce transfusion risks. Their pilot production line in Tel Aviv aims to achieve cost parity with donor blood within five years, addressing global shortages and enabling rapid deployment in emergencies and low-resource settings.

Top Player’s Company Profiles

  • Thermo Fisher Scientific Inc. (U.S.) 
  • Panasonic Healthcare Co., Ltd. (Japan) 
  • Vestfrost Solutions (Denmark) 
  • Haier Biomedical (China) 
  • Follett LLC (U.S.) 
  • Aegis Scientific (U.S.) 
  • Dometic Group (Sweden) 
  • Migali Scientific (U.S.) 
  • PHCbi (Japan) 
  • Labcold (U.K.) 
  • Zanotti (Italy) 
  • Miele (Germany) 
  • Eschmann Equipment (U.K.) 
  • So-Low Environmental Equipment Co. (U.S.) 
  • Shellab (U.S.) 
  • Ali Group (Italy) 
  • Thermoline Scientific (Australia) 
  • Biomex (Turkey)

Recent Developments in Blood Bank Refrigerators Market

  • In January 2024, Haier Biomedical IoT-Enabled Refrigerators Haier Biomedical rolled out a new line of medical refrigerators featuring built-in IoT sensors, cloud-based analytics, and remote-access dashboards. Real-time temperature, humidity, and door-ajar alerts help blood banks adhere to strict AABB and FDA requirements, reducing spoilage by up to 25% in early field tests.
  • In February 2024, PHC Corporation High-Capacity MBR Series PHC Corporation introduced its MBR Blood Bank Refrigerator series—including the 1,301 L MBR-1405GR model with advanced multi-airflow cooling technology for ultra-uniform ±1 °C control. Designed for large-scale blood centers, these units combine rapid pull-down, whisper-quiet operation, and integrated digital alarms to safeguard high-volume inventories.
  • In May 2024, Meling Biomedical XC-1378L/1380L Models Meling Biomedical launched two new upright blood bank refrigerators: C-1378L and XC-1380L, boasting adjustable shelving to store up to 768 × 400 mL of blood bags. These units feature microprocessor control, rapid temperature recovery within ±0.5 °C, and modular interiors that streamline workflow in busy hospital transfusion services

Blood Bank Refrigerators Key Market Trends

Blood Bank Refrigerators Market SkyQuest Analysis

SkyQuest’s ABIRAW (Advanced Business Intelligence, Research & Analysis Wing) is our Business Information Services team that Collects, Collates, Correlates, and Analyses the Data collected by means of Primary Exploratory Research backed by robust Secondary Desk research.

As per SkyQuest analysis, the global blood bank refrigerators market is driven by rising transfusion needs, which is spurred by more surgeries, trauma cases, and chronic‐disease management, and by government healthcare investments with digital innovations enhance reliability and remote monitoring. The market growth will be restrained by high capital and maintenance expenses of IoT-enabled units, which smaller facilities struggle to afford amid stringent FDA, WHO, and AABB compliance costs.

North America dominates the market due to world-class infrastructure, rigorous regulations, and substantial cold-chain funding. Among applications, blood banks lead heavily investing in smart, multi-chamber refrigerators with real-time temperature monitoring and traceability. Furthermore, expanded telemedicine integration drives demand for decentralized refrigeration in remote and point-of-care settings.

Report Metric Details
Market size value in 2023 USD 1.0 billion
Market size value in 2032 USD 1.44 billion
Growth Rate 4.1%
Base year 2024
Forecast period 2025-2032
Forecast Unit (Value) USD Billion
Segments covered
  • Type
    • Plasma Refrigerators
    • Whole Blood Refrigerators
    • Platelet Refrigerators
    • Others
  • Capacity
    • Small (Below 50 Liters)
    • Medium (50-150 Liters)
    • Large (150 Liters and Above)
  • Temperature Range
    • 2-8 Degrees Celsius
    • -18 to -25 Degrees Celsius
    • Others
  • Application
    • Hospitals and Clinics
    • Blood Banks
    • Research Laboratories
    • Others
  • Connectivity
    • Wi-Fi Enabled
    • Bluetooth Enabled
    • GSM/GPRS Enabled
    • Non-Connected
Regions covered North America (US, Canada), Europe (Germany, France, United Kingdom, Italy, Spain, Rest of Europe), Asia Pacific (China, India, Japan, Rest of Asia-Pacific), Latin America (Brazil, Rest of Latin America), Middle East & Africa (South Africa, GCC Countries, Rest of MEA)
Companies covered
  • Thermo Fisher Scientific Inc. (U.S.) 
  • Panasonic Healthcare Co., Ltd. (Japan) 
  • Vestfrost Solutions (Denmark) 
  • Haier Biomedical (China) 
  • Follett LLC (U.S.) 
  • Aegis Scientific (U.S.) 
  • Dometic Group (Sweden) 
  • Migali Scientific (U.S.) 
  • PHCbi (Japan) 
  • Labcold (U.K.) 
  • Zanotti (Italy) 
  • Miele (Germany) 
  • Eschmann Equipment (U.K.) 
  • So-Low Environmental Equipment Co. (U.S.) 
  • Shellab (U.S.) 
  • Ali Group (Italy) 
  • Thermoline Scientific (Australia) 
  • Biomex (Turkey)
Customization scope

Free report customization with purchase. Customization includes:-

  • Segments by type, application, etc
  • Company profile
  • Market dynamics & outlook
  • Region

 

To get a free trial access to our platform which is a one stop solution for all your data requirements for quicker decision making. This platform allows you to compare markets, competitors who are prominent in the market, and mega trends that are influencing the dynamics in the market. Also, get access to detailed SkyQuest exclusive matrix.

Buy The Complete Report to read the analyzed strategies adopted by the top vendors either to retain or gain market share

Table Of Content

Executive Summary

Market overview

  • Exhibit: Executive Summary – Chart on Market Overview
  • Exhibit: Executive Summary – Data Table on Market Overview
  • Exhibit: Executive Summary – Chart on Blood Bank Refrigerators Market Characteristics
  • Exhibit: Executive Summary – Chart on Market by Geography
  • Exhibit: Executive Summary – Chart on Market Segmentation
  • Exhibit: Executive Summary – Chart on Incremental Growth
  • Exhibit: Executive Summary – Data Table on Incremental Growth
  • Exhibit: Executive Summary – Chart on Vendor Market Positioning

Parent Market Analysis

Market overview

Market size

  • Market Dynamics
    • Exhibit: Impact analysis of DROC, 2021
      • Drivers
      • Opportunities
      • Restraints
      • Challenges
  • SWOT Analysis

KEY MARKET INSIGHTS

  • Technology Analysis
    • (Exhibit: Data Table: Name of technology and details)
  • Pricing Analysis
    • (Exhibit: Data Table: Name of technology and pricing details)
  • Supply Chain Analysis
    • (Exhibit: Detailed Supply Chain Presentation)
  • Value Chain Analysis
    • (Exhibit: Detailed Value Chain Presentation)
  • Ecosystem Of the Market
    • Exhibit: Parent Market Ecosystem Market Analysis
    • Exhibit: Market Characteristics of Parent Market
  • IP Analysis
    • (Exhibit: Data Table: Name of product/technology, patents filed, inventor/company name, acquiring firm)
  • Trade Analysis
    • (Exhibit: Data Table: Import and Export data details)
  • Startup Analysis
    • (Exhibit: Data Table: Emerging startups details)
  • Raw Material Analysis
    • (Exhibit: Data Table: Mapping of key raw materials)
  • Innovation Matrix
    • (Exhibit: Positioning Matrix: Mapping of new and existing technologies)
  • Pipeline product Analysis
    • (Exhibit: Data Table: Name of companies and pipeline products, regional mapping)
  • Macroeconomic Indicators

COVID IMPACT

  • Introduction
  • Impact On Economy—scenario Assessment
    • Exhibit: Data on GDP - Year-over-year growth 2016-2022 (%)
  • Revised Market Size
    • Exhibit: Data Table on Blood Bank Refrigerators Market size and forecast 2021-2027 ($ million)
  • Impact Of COVID On Key Segments
    • Exhibit: Data Table on Segment Market size and forecast 2021-2027 ($ million)
  • COVID Strategies By Company
    • Exhibit: Analysis on key strategies adopted by companies

MARKET DYNAMICS & OUTLOOK

  • Market Dynamics
    • Exhibit: Impact analysis of DROC, 2021
      • Drivers
      • Opportunities
      • Restraints
      • Challenges
  • Regulatory Landscape
    • Exhibit: Data Table on regulation from different region
  • SWOT Analysis
  • Porters Analysis
    • Competitive rivalry
      • Exhibit: Competitive rivalry Impact of key factors, 2021
    • Threat of substitute products
      • Exhibit: Threat of Substitute Products Impact of key factors, 2021
    • Bargaining power of buyers
      • Exhibit: buyers bargaining power Impact of key factors, 2021
    • Threat of new entrants
      • Exhibit: Threat of new entrants Impact of key factors, 2021
    • Bargaining power of suppliers
      • Exhibit: Threat of suppliers bargaining power Impact of key factors, 2021
  • Skyquest special insights on future disruptions
    • Political Impact
    • Economic impact
    • Social Impact
    • Technical Impact
    • Environmental Impact
    • Legal Impact

Market Size by Region

  • Chart on Market share by geography 2021-2027 (%)
  • Data Table on Market share by geography 2021-2027(%)
  • North America
    • Chart on Market share by country 2021-2027 (%)
    • Data Table on Market share by country 2021-2027(%)
    • USA
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)
    • Canada
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)
  • Europe
    • Chart on Market share by country 2021-2027 (%)
    • Data Table on Market share by country 2021-2027(%)
    • Germany
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)
    • Spain
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)
    • France
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)
    • UK
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)
    • Rest of Europe
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)
  • Asia Pacific
    • Chart on Market share by country 2021-2027 (%)
    • Data Table on Market share by country 2021-2027(%)
    • China
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)
    • India
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)
    • Japan
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)
    • South Korea
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)
    • Rest of Asia Pacific
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)
  • Latin America
    • Chart on Market share by country 2021-2027 (%)
    • Data Table on Market share by country 2021-2027(%)
    • Brazil
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)
    • Rest of South America
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)
  • Middle East & Africa (MEA)
    • Chart on Market share by country 2021-2027 (%)
    • Data Table on Market share by country 2021-2027(%)
    • GCC Countries
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)
    • South Africa
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)
    • Rest of MEA
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)

KEY COMPANY PROFILES

  • Competitive Landscape
    • Total number of companies covered
      • Exhibit: companies covered in the report, 2021
    • Top companies market positioning
      • Exhibit: company positioning matrix, 2021
    • Top companies market Share
      • Exhibit: Pie chart analysis on company market share, 2021(%)

Methodology

For the Blood Bank Refrigerators Market, our research methodology involved a mixture of primary and secondary data sources. Key steps involved in the research process are listed below:

1. Information Procurement: This stage involved the procurement of Market data or related information via primary and secondary sources. The various secondary sources used included various company websites, annual reports, trade databases, and paid databases such as Hoover's, Bloomberg Business, Factiva, and Avention. Our team did 45 primary interactions Globally which included several stakeholders such as manufacturers, customers, key opinion leaders, etc. Overall, information procurement was one of the most extensive stages in our research process.

2. Information Analysis: This step involved triangulation of data through bottom-up and top-down approaches to estimate and validate the total size and future estimate of the Blood Bank Refrigerators Market.

3. Report Formulation: The final step entailed the placement of data points in appropriate Market spaces in an attempt to deduce viable conclusions.

4. Validation & Publishing: Validation is the most important step in the process. Validation & re-validation via an intricately designed process helped us finalize data points to be used for final calculations. The final Market estimates and forecasts were then aligned and sent to our panel of industry experts for validation of data. Once the validation was done the report was sent to our Quality Assurance team to ensure adherence to style guides, consistency & design.

Analyst Support

Customization Options

With the given market data, our dedicated team of analysts can offer you the following customization options are available for the Blood Bank Refrigerators Market:

Product Analysis: Product matrix, which offers a detailed comparison of the product portfolio of companies.

Regional Analysis: Further analysis of the Blood Bank Refrigerators Market for additional countries.

Competitive Analysis: Detailed analysis and profiling of additional Market players & comparative analysis of competitive products.

Go to Market Strategy: Find the high-growth channels to invest your marketing efforts and increase your customer base.

Innovation Mapping: Identify racial solutions and innovation, connected to deep ecosystems of innovators, start-ups, academics, and strategic partners.

Category Intelligence: Customized intelligence that is relevant to their supply Markets will enable them to make smarter sourcing decisions and improve their category management.

Public Company Transcript Analysis: To improve the investment performance by generating new alpha and making better-informed decisions.

Social Media Listening: To analyze the conversations and trends happening not just around your brand, but around your industry as a whole, and use those insights to make better Marketing decisions.

$5,300

REQUEST FOR SAMPLE

Please verify that you're not a robot to proceed!
Want to customize this report? REQUEST FREE CUSTOMIZATION

FAQs

Global Blood Bank Refrigerators Market size was valued at USD 1.7 billion in 2023 and is poised to grow from USD 1.78 billion in 2024 to USD 2.27 billion by 2032, growing at a CAGR of 3.54% during the forecast period (2025-2032).

The competitive landscape of the global blood bank refrigerators market is increasingly shaped by multifunctional, service-oriented offerings rather than standalone hardware sales. Legacy manufacturers are building end-to-end cold-chain ecosystems, integrating IoT-enabled monitoring, cloud-based analytics, and predictive-maintenance services into their portfolios. Haier Biomedical, PHC Corporation, and Helmer Scientific are all extending their footprints through platform-based solutions that bundle hardware, software subscriptions, and training services. This shift from one-time capital equipment transactions to recurring-revenue service models is another common global blood bank refrigerators market strategy, which when employed, fosters stronger customer retention and opens cross-sell opportunities in adjacent laboratory and biobanking segments. 'B Medical Systems (Luxembourg)', 'Biomedical Solutions Inc. (U.S.)', 'Haier Biomedical (China)', 'PHC Corporation (Japan)', 'Thermo Fisher Scientific Inc. (U.S.)', 'FOLLETT PRODUCTS, LLC. (U.S.)', 'Arctiko (Denmark)', 'Hettich AG (Switzerland)', 'VWR International, LLC. (U.S.)', 'Gram Commercial A/S (Denmark)', 'Esco Global (Singapore)', 'IUL Instruments (Spain)', 'Vestfrost Solutions country (Denmark)', 'Meling Biomedical (China)'

The growing demand for blood transfusions, driven by an aging population and the rising incidence of chronic diseases such as cancer and cardiovascular conditions, is a key factor propelling the blood bank refrigerator market. As healthcare providers face increasing pressure to store and manage blood products safely, there is a heightened need for advanced refrigeration systems with precise temperature control and monitoring capabilities. Coupled with stricter regulatory requirements and a greater focus on patient safety, these factors are contributing to steady market growth.

AI powered & Connected Refrigeration: Blood bank refrigerators are increasingly equipped with IoT connectivity and AI-driven analytics, enabling real-time temperature monitoring, automated anomaly alerts, and predictive maintenance scheduling. This digital integration reduces downtime, enhances compliance with regulatory standards, and optimizes inventory turnover in busy transfusion centers.

Why does North America Dominate the Global Blood Bank Refrigerators Market?

Want to customize this report? This report can be personalized according to your needs. Our analysts and industry experts will work directly with you to understand your requirements and provide you with customized data in a short amount of time. We offer $1000 worth of FREE customization at the time of purchase.

AGC3x.webp
Aisin3x.webp
ASKA P Co. LTD3x.webp
BD3x.webp
BILL & MELIDA3x.webp
BOSCH3x.webp
CHUNGHWA TELECOM3x.webp
DAIKIN3x.webp
DEPARTMENT OF SCIENCE & TECHNOLOGY3x.webp
ETRI3x.webp
Fiti Testing3x.webp
GERRESHEIMER3x.webp
HENKEL3x.webp
HITACHI3x.webp
HOLISTIC MEDICAL CENTRE3x.webp
Institute for information industry3x.webp
JAXA3x.webp
JTI3x.webp
Khidi3x.webp
METHOD.3x.webp
Missul E&S3x.webp
MITSUBISHI3x.webp
MIZUHO3x.webp
NEC3x.webp
Nippon steel3x.webp
NOVARTIS3x.webp
Nttdata3x.webp
OSSTEM3x.webp
PALL3x.webp
Panasonic3x.webp
RECKITT3x.webp
Rohm3x.webp
RR KABEL3x.webp
SAMSUNG ELECTRONICS3x.webp
SEKISUI3x.webp
Sensata3x.webp
SENSEAIR3x.webp
Soft Bank Group3x.webp
SYSMEX3x.webp
TERUMO3x.webp
TOYOTA3x.webp
UNDP3x.webp
Unilever3x.webp
YAMAHA3x.webp
Yokogawa3x.webp

Feedback From Our Clients

Global Blood Bank Refrigerators Market
Blood Bank Refrigerators Market

Report ID: SQMIG35B2231

[email protected]
USA +1 351-333-4748

BUY NOW GET FREE SAMPLE