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The RFID blood refrigerator and freezer market size is estimated to grow by USD 498.3 million at a CAGR of 21.49% between 2023 and 2028. The high demand for blood and blood components is driving market growth. Blood component therapy is a modern medical treatment that involves patients benefiting from one pint of whole blood or specific blood components. It is used to treat blood disorders like thalassemia, sickle cell anemia, hemophilia, leukemia, and cancer which cause the body to not produce sufficient blood components. RBCs are used primarily to treat chronic anemia and sickle cell disease patients, who suffer from gastrointestinal bleeding and kidney failure. Moreover, they can be stored in frozen conditions for more than ten years. The demand for blood bank refrigerators is experiencing significant growth due to the increasing demand for safe storage solutions for blood and blood components. Platelets, which have a five-day shelf life after donation, are essential for cancer treatment and organ transplants in the context of thrombocytopenia. Meanwhile, blood plasma, which must be frozen within 24 hours of donation to preserve clotting factors, is vital for treating burn patients, shock, and trauma. The escalating need to address these medical requirements necessitates the expansion of the blood bank refrigerators market.
1 Executive Summary
2 Market Landscape
3 Market Sizing
4 Historic Market Size
5 Five Forces Analysis
6 Market Segmentation by Application
7 Market Segmentation by Type
8 Customer Landscape
9 Geographic Landscape
10 Drivers, Challenges, and Opportunity/Restraints
11 Competitive Landscape
12 Competitive Analysis
13 Appendix
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