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Blood Bank Refrigerators Market Size, Share, Industry, Forecast and outlook (2023-2030)

Published: 2023 January 10
SKU : MD4238
180 pages
Report Summary
Table of Contents
List of Tables & Figures

Global Blood Bank Refrigerators Market is Segmented by By Type (Solar Powered Blood Bank Refrigerators System, Whole Standard Electric Blood Bank Refrigerator, Ice Lined Blood Bank Refrigerators System), By End User(Blood Banks, Hospitals, Others), and by Region (North America, Latin America, Europe, Asia Pacific, Middle East, and Africa) – Share, Size, Outlook, and Opportunity Analysis,  2022-2029


Market Overview

"Blood Bank Refrigerators Market" is expected to reach at a high CAGR during the forecast period (2022-2029).

The blood bank refrigerator is an essential piece of equipment in the immunohematology department. It provides safe and convenient storage of whole blood, blood components (e.g., blood cells, plasma), and reagents. Blood bank refrigerators ensure the freshness and integrity of blood and blood components.

Market Dynamics

An increase in road accidents, sports injuries, and surgeries worldwide and increased innovation and technological advancements will drive the blood bank refrigerators market.

An increase in road accidents, sports injuries, and surgeries all over the world will drive the blood bank refrigerators market

Due to a road traffic crash approximately every year the lives of 1.3 million people are cut short. Many people suffer non-fatal injuries, with many incurring a disability due to their injury. As many as 100 pints of blood maybe required by a single-car accident victim.

In 2019, according to the National Safety Council (NSC) exercise with or without exercise equipment, accounted for about 468,000 injuries, the most of any sports and recreation category. Bicycling followed with about 417,000 injuries, while basketball with 404,000 injuries and football with 292,000 injuries ranked third and fourth.

A routine medical procedure in which the blood donated is provided through a narrow tube placed within a vein in an arm is blood transfusion . Blood lost due to surgery or injury  can be replaced by this potentially life-saving procedure a blood transfusion also can help. if an illness prevents body from making blood or some of the blood's components correctly. The most common source of blood given is from volunteers in the general public during or after surgery. This type of donation is called homologous blood donation. Blood will be tested to make sure patient receives the correct type of donor blood. Many communities have a blood bank where healthy people can donate blood. This blood is tested to see if it matches patients blood type. The blood is stored and utilized when required over a period of time and the same is preserved at the cool temperature. Hence, the blood bank refrigerators have a prominence in blood storage at blood banks.

Increased innovation and technological advancements will drive the blood bank refrigerators market in the forecast period

Standards for blood banking have evolved with medical and technological advances. In the U.S., the collection and processing of each blood product are performed under specific criteria to maximize transfusion efficacy. Blood for transfusion is mostly collected as whole blood (WB), or venous blood with an added preservative, separated by centrifugation into different components, such as red blood cells, cryoprecipitate antihaemophilic factor (AHF), plasma and platelets. After separation one unit of whole blood may be transfused to several patients with different needs. “Packed red blood cells” (pRBC) are the most commonly transfused product.

High-performance refrigeration plays a large role in storage. Units of WB and pRBC must be stored at 1.0-6.0 °C, for a maximum permitted period of 35 and 42 days, respectively. Blood plasma is processed into various components and has more stringent preparation and storage requirements to preserve the clotting factors. Once separated from the whole blood collection, plasma is placed in a specially designed blast freezer to freeze the plasma to −18 °C or colder rapidly. It is then placed in a plasma freezer, typically stored at −30 °C for up to one year.

The strict rules and regulations will hamper the blood bank refrigerators market

After satisfying the facilities and conditions through inspection the state licensing authority shall approve the blood storage unit. The approval shall be valid up to two years from the date of issue unless sooner suspended or cancelled. A renewal application will have to be made three months before the date of expiry of the approval. Before applying for approval, the storage center will have to identify and obtain consent from the blood bank to get the blood components/ supply of blood. These could be licensed blood banks run by Indian Red Cross/ Government Hospitals /Regional Blood Transfusion Centres only. If the parent blood bank/center's license is canceled, the license of the storage centre will also be automatically canceled. However, the storage centres can get affiliated to more than one blood bank/centre to ensure uninterrupted supplies, but a separate approval will be required in each case.

The storage center should check blood on receipt from the mother center and during the storage period. Any problem arising from storage, cross-matching, issue and transfusion will be the storage center. Any unit of blood showing turbidity or change in colour and hemolysis should not be taken on stock for transfusion.

Proper care should be taken to maintain blood sterility by keeping all storage areas clean. Depending on the type of blood bag used,the expiry of the blood is normally 35/42 days. The Medical officer-in-charge should ensure that unused blood bags should be returned at least ten days before the expiry of the blood to the Mother Centre and fresh blood obtained in its place. The blood storage centers are designed to ensure the rapid and safe delivery of whole blood in an emergency. Therefore, the storage of packed cells, fresh frozen plasma, and platelet concentrate are not given in these guidelines. However, these are required to be stored, the procedure for storage of the mother blood bank are to be followed.

COVID-19 Impact Analysis

During the COVID-19 pandemic, the recovered patients are willing to donate their blood to infected patients for plasma therapy. Therefore, increasing awareness about blood donations during COVID-19 will drive the blood bank refrigerators market.

Segment Analysis

The solar-powered blood bank refrigerators system segment will dominate the blood bank refrigerators market in the forecast period

A major objective of the WHO Department of Blood Safety and Clinical Technology (BCT) is to assist every Member State to ensure a adequate and safe blood supply that meets national needs at a reasonable cost.Lack of national policy and plans, limited resources and information,appropriate technology and transmissible transfusion infections such as the human immunodeficiency virus (HIV). Many countries face challenge in reaching this goal.

In many developing countries, blood transfusions may occur with no access to the national electricity grid in health centers or district hospitals. The electricity generator for a health center can only be used after sunset. In such situations, blood bank refrigerators need to maintain the blood between +2 to +6 °C  for 24 hrs of the day. Solar-powered refrigerators can be used in countries with a sufficient quantity of sunshine throughout the year. The cabinet of the refrigerator compression powered by solar energy is different from that of the standard one. They have thicker insulation, no fan cooling and sizes with a maximum of 50 units only are consistent with the needs of the health centers or smaller hospitals. The energy requirements are also low.The equipment is designed as chest type (top opening door) to conserve the cold and there is no internal light in the cabinet. As the standard electric refrigerator the equipment has the same temperature monitoring devices. Solar refrigerators use refrigerant gas which is CFC-free and may also have an ice-pack freezer. Recommended power consumption is less than 0.7 Kwh/24 hours for appliances with a gross volume of less than 50 liters  and less than 0.1 Kwh per additional 10 litres gross volume, at 43 °C. The temperature of the freezer section of solar-powered equipment is typically below -10 °C. This is unsuitable for the medium to long-term storage of fresh frozen plasma. To match the equipment by a WHO-approved supplier and ensure a reliable solar system, solar-powered blood bank refrigerators are supplied with the solar system. This ensures an appropriate reliable system for the environment and energy demands of the equipment.

The blood banks segment will dominate the blood bank refrigerators market

As a result of blood donation, a blood bank is a center where blood gathered is preserved and stored for blood transfusion. It is typically a hospital division where the storage of blood products occurs and proper testing is performed (to reduce the risk of transfusion-related adverse events). Some hospitals perform collection and is also referred as collection centre. Blood banking tasks include blood collection, processing, testing, separation, and storage.

Worldwide around 118.4 million blood donations are collected. 40% of these are collected in high-income countries, home to 16 % of the world's population. About 13,300 blood centers in 169 countries report collecting a total of 106 million donations. Collections at blood centers vary according to income group. Blood banks collect blood, separate it into various components to be used effectively according to the needs of the patient. Although research has discovered drugs that help people's bone marrow to produce new blood cells more rapidly, the body's response time still take weeks, thus donated blood remains a vital and immediate life-saving resource.

Geographical Analysis

North America region will dominate the blood bank refrigerators market

In the U.S. every two seconds, someone needs blood. It is essential for cancer treatment, chronic illnesses, surgeries and traumatic injuries. In the U.S every day around 36,000 units of red blood cells is needed. In the U.S nearly 10,000 units of plasma and 7,000 units of platelets are needed daily. Population of less than 38 percent is eligible to give platelets or blood. Around 21 million blood components are transfused each year. In the U.S sickle cell disease affects 90,000 to 100,000 people and each year nearly 1,000 babies are born with the disease. Throughout their lives sickle cell patients can require blood transfusions. Every drop of blood is critical, and blood centers can’t afford to throw away product that was stored improperly and thus no longer meets, American Association of Blood Banks (AABB), the Food and Drug Administration (FDA) and other regulatory bodies. Refrigeration innovations are crucial to protect the efficacy of this indispensable supply.

Competitive Landscape

Major key players in the blood bank refrigerators market are Helmer Scientific Inc., Haier Biomedical, PHC Holdings Corporation, Thermo Fisher Scientific Inc., Dometic Group AB, FOLLETT PRODUCTS, LLC., GLEN DIMPLEX GROUP., Philipp Kirsch GmbH, Stericox Sterilizer Systems India, Arctiko, B Medical Systems, Zhengzhou YKinspection Enterprise Co., Ltd., Chongqing Xishan Science & Technology Co., Ltd and Guangzhou Lety Medical Limited

Global Blood Bank Refrigerators Market Key Companies to Watch

Helmer Scientific Inc.

Overview: Helmer Scientific is an established, entrepreneurial, growth company headquartered in Noblesville, Indiana. We design, integrate, manufacture, market, and distribute specialized medical and laboratory equipment to clinical and life science customers in over 125 countries.

Product Portfolio: The company comprises medical-grade, temperature-controlled storage and processing solutions and services for pharmacy, blood bank, laboratory and research.

Key Development: A leading supplier of cold storage and processing equipment, Helmer Scientific announced the release of the GX Solutions. GX Solutions a professional medical-grade refrigerators with OptiCool cooling systems. They have been designed for the unique needs of critical healthcare applications, such as, vaccine, blood, medication and patient sample storage. The professional medical-grade refrigerators deliver optimized control in three important areas noise management, temperature management and energy management.


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