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Technavio’s market research analyst predicts the blood bank refrigerators market in the US to grow steadily at a CAGR of around 6% by 2021. One of the primary drivers for this market is the rise in the number of blood banks in the region. In modern healthcare system, an increase in life expectancy, and a higher incidence of numerous diseases, has created the need for blood and blood derivative. This rise in the demand for blood has in fluxed a requirement for proper preservation and trackable storage solutions such as blood bank refrigerators. Also, new treatments and practices, along with increased sophistication of surgical and medical procedures, have intensified the need for availability of blood on standby. The US government and private organizations have become proactive in setting up blood banks to cater to the growing demand for blood and blood derivatives. The growth in the number of blood banks in the US will offer expanded opportunities for blood bank refrigerator solution providers in the country over the next few years.