Market Overview:
The global blood storage devices market is expected to grow at a CAGR of 5.5% from 2018 to 2030. The growth in this market can be attributed to the increasing demand for blood storage devices due to the rising prevalence of chronic diseases, growing number of surgical procedures, and increasing awareness about blood donation and its benefits. In addition, the development of innovative technologies such as smart refrigerators is also contributing to the growth of this market. On the basis of type, the global blood storage devices market can be segmented into refrigerators and freezers. The refrigerators segment is expected to account for a larger share than the freezers segment in 2018 owing to their wide usage in hospitals and other healthcare facilities for storing various types of medical supplies and products including blood bags.
Product Definition:
Blood Storage Devices are devices used to store blood. They can be either temporary or permanent storage devices. Temporary storage devices are typically used for short-term storage, such as during surgery. Permanent storage devices are typically used for long-term storage, such as in a blood bank. The importance of Blood Storage Devices is that they allow for the safe and efficient collection, processing, and distribution of blood products.
Refrigerator:
Refrigerator is a device used to store food and beverages at a lower temperature. It is also known as the cold storage system or icebox. The refrigerator has an insulated compartment that helps in storing fresh meat, vegetables, dairy products, and other perishable items for longer periods without any loss of quality.
Freezers:
Freezers are used to store blood at a very low temperature of -80°C until the blood is needed for transfusion or further processing. The global market size was valued at USD 1.1 billion in 2015 and is expected to grow at a CAGR of XX% over the forecast period.
Increasing demand for frozen storage devices in developing countries such as India, China, Vietnam, Thailand.
Application Insights:
Based on the application, the global blood storage devices market is segmented into hospitals, blood banks and others. The hospitals segment dominated the market in 2017 owing to increasing number of surgeries globally. According to WHO, there were an estimated 783 million surgical procedures performed in 2015 worldwide. Increasing healthcare spending by governments as well as private organizations has led to a rise in demand for blood transfusions across the globe which is anticipated to fuel product demand over the forecast period.
Blood banks are expected register significant growth over the forecast period due largely to rising number of donors around the world and growing need for safe & secure storage facilities for donated blood products. Growing awareness about diseases that can be transmitted through contaminated or inadequately stored donor-blood is also expected drive demand from this segment over next few years.
The others application category includes clinics/hospitals etc., where units are used either temporarily or permanently depending upon requirement such as surgery or not etc.
Regional Analysis:
North America dominated the global blood storage devices market in 2017. The presence of well-established healthcare infrastructure, high adoption rate of advanced medical products and strong demand for blood components are some major factors responsible for its large share. Moreover, increasing cases of chronic diseases have led to an increase in surgical procedures, which is expected to drive the market further.
Asia Pacific is anticipated to witness lucrative growth over the forecast period owing to a rise in per capita income and improved standard of living resulting from economic development coupled with improvements in public health programs & initiatives such as immunization drives and distribution centers for safe transfusion. Furthermore, rising awareness regarding blood donation among people is also expected to fuel regional growth during the forecast period.
Growth Factors:
- Increasing demand for blood storage devices due to rising prevalence of chronic diseases such as cancer, diabetes, and heart diseases.
- Growing number of surgical procedures requiring blood transfusion drives the demand for blood storage devices.
- Technological advancements in blood storage devices that offer enhanced safety and efficiency features boost the growth of this market.
- Rising awareness about safe and effective methods for storing blood products is propelling the growth of this market worldwide.
Scope Of The Report
Report Attributes
Report Details
Report Title
Blood Storage Devices Market Research Report
By Type
Refrigerator, Freezers
By Application
Hospitals, Blood Banks
By Companies
Thermo Fisher Scientific, Blue Star, Helmer Scientific, Vestfrost Solutions, Philipp Kirsch, Zhongke Meiling Cryogenics, LEC Medical, Haier Biomedical
Regions Covered
North America, Europe, APAC, Latin America, MEA
Base Year
2021
Historical Year
2019 to 2020 (Data from 2010 can be provided as per availability)
Forecast Year
2030
Number of Pages
167
Number of Tables & Figures
117
Customization Available
Yes, the report can be customized as per your need.
Global Blood Storage Devices Market Report Segments:
The global Blood Storage Devices market is segmented on the basis of:
Types
Refrigerator, Freezers
The product segment provides information about the market share of each product and the respective CAGR during the forecast period. It lays out information about the product pricing parameters, trends, and profits that provides in-depth insights of the market. Furthermore, it discusses latest product developments & innovation in the market.
Applications
Hospitals, Blood Banks
The application segment fragments various applications of the product and provides information on the market share and growth rate of each application segment. It discusses the potential future applications of the products and driving and restraining factors of each application segment.
Some of the companies that are profiled in this report are:
- Thermo Fisher Scientific
- Blue Star
- Helmer Scientific
- Vestfrost Solutions
- Philipp Kirsch
- Zhongke Meiling Cryogenics
- LEC Medical
- Haier Biomedical
Highlights of The Blood Storage Devices Market Report:
- The market structure and projections for the coming years.
- Drivers, restraints, opportunities, and current trends of market.
- Historical data and forecast.
- Estimations for the forecast period 2030.
- Developments and trends in the market.
- By Type:
- Refrigerator
- Freezers
- By Application:
- Hospitals
- Blood Banks
- Market scenario by region, sub-region, and country.
- Market share of the market players, company profiles, product specifications, SWOT analysis, and competitive landscape.
- Analysis regarding upstream raw materials, downstream demand, and current market dynamics.
- Government Policies, Macro & Micro economic factors are also included in the report.
We have studied the Blood Storage Devices Market in 360 degrees via. both primary & secondary research methodologies. This helped us in building an understanding of the current market dynamics, supply-demand gap, pricing trends, product preferences, consumer patterns & so on. The findings were further validated through primary research with industry experts & opinion leaders across countries. The data is further compiled & validated through various market estimation & data validation methodologies. Further, we also have our in-house data forecasting model to predict market growth up to 2030.
Regional Analysis
- North America
- Europe
- Asia Pacific
- Middle East & Africa
- Latin America
Note: A country of choice can be added in the report at no extra cost. If more than one country needs to be added, the research quote will vary accordingly.
The geographical analysis part of the report provides information about the product sales in terms of volume and revenue in regions. It lays out potential opportunities for the new entrants, emerging players, and major players in the region. The regional analysis is done after considering the socio-economic factors and government regulations of the countries in the regions.
How you may use our products:
- Correctly Positioning New Products
- Market Entry Strategies
- Business Expansion Strategies
- Consumer Insights
- Understanding Competition Scenario
- Product & Brand Management
- Channel & Customer Management
- Identifying Appropriate Advertising Appeals
8 Reasons to Buy This Report
- Includes a Chapter on the Impact of COVID-19 Pandemic On the Market
- Report Prepared After Conducting Interviews with Industry Experts & Top Designates of the Companies in the Market
- Implemented Robust Methodology to Prepare the Report
- Includes Graphs, Statistics, Flowcharts, and Infographics to Save Time
- Industry Growth Insights Provides 24/5 Assistance Regarding the Doubts in the Report
- Provides Information About the Top-winning Strategies Implemented by Industry Players.
- In-depth Insights On the Market Drivers, Restraints, Opportunities, and Threats
- Customization of the Report Available
Frequently Asked Questions?
Blood storage devices are medical devices that store blood. They can be used to collect and store blood for transfusion, or to preserve the blood for future use.
Some of the key players operating in the blood storage devices market are Thermo Fisher Scientific, Blue Star, Helmer Scientific, Vestfrost Solutions, Philipp Kirsch, Zhongke Meiling Cryogenics, LEC Medical, Haier Biomedical.
The blood storage devices market is expected to grow at a compound annual growth rate of 5.5%.
Chapter 1 Executive Summary
Chapter 2 Assumptions and Acronyms Used
Chapter 3 Research Methodology
Chapter 4 Blood Storage Devices Market Overview
4.1 Introduction
4.1.1 Market Taxonomy
4.1.2 Market Definition
4.1.3 Macro-Economic Factors Impacting the Market Growth
4.2 Blood Storage Devices Market Dynamics
4.2.1 Market Drivers
4.2.2 Market Restraints
4.2.3 Market Opportunity
4.3 Blood Storage Devices Market - Supply Chain Analysis
4.3.1 List of Key Suppliers
4.3.2 List of Key Distributors
4.3.3 List of Key Consumers
4.4 Key Forces Shaping the Blood Storage Devices Market
4.4.1 Bargaining Power of Suppliers
4.4.2 Bargaining Power of Buyers
4.4.3 Threat of Substitution
4.4.4 Threat of New Entrants
4.4.5 Competitive Rivalry
4.5 Global Blood Storage Devices Market Size & Forecast, 2018-2028
4.5.1 Blood Storage Devices Market Size and Y-o-Y Growth
4.5.2 Blood Storage Devices Market Absolute $ Opportunity
Chapter 5 Global Blood Storage Devices Market Analysis and Forecast by Type
5.1 Introduction
5.1.1 Key Market Trends & Growth Opportunities by Type
5.1.2 Basis Point Share (BPS) Analysis by Type
5.1.3 Absolute $ Opportunity Assessment by Type
5.2 Blood Storage Devices Market Size Forecast by Type
5.2.1 Refrigerator
5.2.2 Freezers
5.3 Market Attractiveness Analysis by Type
Chapter 6 Global Blood Storage Devices Market Analysis and Forecast by Applications
6.1 Introduction
6.1.1 Key Market Trends & Growth Opportunities by Applications
6.1.2 Basis Point Share (BPS) Analysis by Applications
6.1.3 Absolute $ Opportunity Assessment by Applications
6.2 Blood Storage Devices Market Size Forecast by Applications
6.2.1 Hospitals
6.2.2 Blood Banks
6.3 Market Attractiveness Analysis by Applications
Chapter 7 Global Blood Storage Devices Market Analysis and Forecast by Region
7.1 Introduction
7.1.1 Key Market Trends & Growth Opportunities by Region
7.1.2 Basis Point Share (BPS) Analysis by Region
7.1.3 Absolute $ Opportunity Assessment by Region
7.2 Blood Storage Devices Market Size Forecast by Region
7.2.1 North America
7.2.2 Europe
7.2.3 Asia Pacific
7.2.4 Latin America
7.2.5 Middle East & Africa (MEA)
7.3 Market Attractiveness Analysis by Region
Chapter 8 Coronavirus Disease (COVID-19) Impact
8.1 Introduction
8.2 Current & Future Impact Analysis
8.3 Economic Impact Analysis
8.4 Government Policies
8.5 Investment Scenario
Chapter 9 North America Blood Storage Devices Analysis and Forecast
9.1 Introduction
9.2 North America Blood Storage Devices Market Size Forecast by Country
9.2.1 U.S.
9.2.2 Canada
9.3 Basis Point Share (BPS) Analysis by Country
9.4 Absolute $ Opportunity Assessment by Country
9.5 Market Attractiveness Analysis by Country
9.6 North America Blood Storage Devices Market Size Forecast by Type
9.6.1 Refrigerator
9.6.2 Freezers
9.7 Basis Point Share (BPS) Analysis by Type
9.8 Absolute $ Opportunity Assessment by Type
9.9 Market Attractiveness Analysis by Type
9.10 North America Blood Storage Devices Market Size Forecast by Applications
9.10.1 Hospitals
9.10.2 Blood Banks
9.11 Basis Point Share (BPS) Analysis by Applications
9.12 Absolute $ Opportunity Assessment by Applications
9.13 Market Attractiveness Analysis by Applications
Chapter 10 Europe Blood Storage Devices Analysis and Forecast
10.1 Introduction
10.2 Europe Blood Storage Devices Market Size Forecast by Country
10.2.1 Germany
10.2.2 France
10.2.3 Italy
10.2.4 U.K.
10.2.5 Spain
10.2.6 Russia
10.2.7 Rest of Europe
10.3 Basis Point Share (BPS) Analysis by Country
10.4 Absolute $ Opportunity Assessment by Country
10.5 Market Attractiveness Analysis by Country
10.6 Europe Blood Storage Devices Market Size Forecast by Type
10.6.1 Refrigerator
10.6.2 Freezers
10.7 Basis Point Share (BPS) Analysis by Type
10.8 Absolute $ Opportunity Assessment by Type
10.9 Market Attractiveness Analysis by Type
10.10 Europe Blood Storage Devices Market Size Forecast by Applications
10.10.1 Hospitals
10.10.2 Blood Banks
10.11 Basis Point Share (BPS) Analysis by Applications
10.12 Absolute $ Opportunity Assessment by Applications
10.13 Market Attractiveness Analysis by Applications
Chapter 11 Asia Pacific Blood Storage Devices Analysis and Forecast
11.1 Introduction
11.2 Asia Pacific Blood Storage Devices Market Size Forecast by Country
11.2.1 China
11.2.2 Japan
11.2.3 South Korea
11.2.4 India
11.2.5 Australia
11.2.6 South East Asia (SEA)
11.2.7 Rest of Asia Pacific (APAC)
11.3 Basis Point Share (BPS) Analysis by Country
11.4 Absolute $ Opportunity Assessment by Country
11.5 Market Attractiveness Analysis by Country
11.6 Asia Pacific Blood Storage Devices Market Size Forecast by Type
11.6.1 Refrigerator
11.6.2 Freezers
11.7 Basis Point Share (BPS) Analysis by Type
11.8 Absolute $ Opportunity Assessment by Type
11.9 Market Attractiveness Analysis by Type
11.10 Asia Pacific Blood Storage Devices Market Size Forecast by Applications
11.10.1 Hospitals
11.10.2 Blood Banks
11.11 Basis Point Share (BPS) Analysis by Applications
11.12 Absolute $ Opportunity Assessment by Applications
11.13 Market Attractiveness Analysis by Applications
Chapter 12 Latin America Blood Storage Devices Analysis and Forecast
12.1 Introduction
12.2 Latin America Blood Storage Devices Market Size Forecast by Country
12.2.1 Brazil
12.2.2 Mexico
12.2.3 Rest of Latin America (LATAM)
12.3 Basis Point Share (BPS) Analysis by Country
12.4 Absolute $ Opportunity Assessment by Country
12.5 Market Attractiveness Analysis by Country
12.6 Latin America Blood Storage Devices Market Size Forecast by Type
12.6.1 Refrigerator
12.6.2 Freezers
12.7 Basis Point Share (BPS) Analysis by Type
12.8 Absolute $ Opportunity Assessment by Type
12.9 Market Attractiveness Analysis by Type
12.10 Latin America Blood Storage Devices Market Size Forecast by Applications
12.10.1 Hospitals
12.10.2 Blood Banks
12.11 Basis Point Share (BPS) Analysis by Applications
12.12 Absolute $ Opportunity Assessment by Applications
12.13 Market Attractiveness Analysis by Applications
Chapter 13 Middle East & Africa (MEA) Blood Storage Devices Analysis and Forecast
13.1 Introduction
13.2 Middle East & Africa (MEA) Blood Storage Devices Market Size Forecast by Country
13.2.1 Saudi Arabia
13.2.2 South Africa
13.2.3 UAE
13.2.4 Rest of Middle East & Africa (MEA)
13.3 Basis Point Share (BPS) Analysis by Country
13.4 Absolute $ Opportunity Assessment by Country
13.5 Market Attractiveness Analysis by Country
13.6 Middle East & Africa (MEA) Blood Storage Devices Market Size Forecast by Type
13.6.1 Refrigerator
13.6.2 Freezers
13.7 Basis Point Share (BPS) Analysis by Type
13.8 Absolute $ Opportunity Assessment by Type
13.9 Market Attractiveness Analysis by Type
13.10 Middle East & Africa (MEA) Blood Storage Devices Market Size Forecast by Applications
13.10.1 Hospitals
13.10.2 Blood Banks
13.11 Basis Point Share (BPS) Analysis by Applications
13.12 Absolute $ Opportunity Assessment by Applications
13.13 Market Attractiveness Analysis by Applications
Chapter 14 Competition Landscape
14.1 Blood Storage Devices Market: Competitive Dashboard
14.2 Global Blood Storage Devices Market: Market Share Analysis, 2019
14.3 Company Profiles (Details – Overview, Financials, Developments, Strategy)
14.3.1 Thermo Fisher Scientific
14.3.2 Blue Star
14.3.3 Helmer Scientific
14.3.4 Vestfrost Solutions
14.3.5 Philipp Kirsch
14.3.6 Zhongke Meiling Cryogenics
14.3.7 LEC Medical
14.3.8 Haier Biomedical
