Technological advances in blood bank refrigerators and freezers have led to the introduction of new products with improved monitoring, tracking, and safety features.
India needs to transform to the necessary state-of-the-art blood storage facilities.
In 2015, there were 2760 registered blood banks in India and the number is expected to reach 3000 in the next 2 years. Thus, the rising number of blood banks would contribute to market growth.
The global biomedical refrigerators and freezers market will amass a prominent share in overall revenues from emerging markets in the next few years.