How Has the Blood Bank Information Systems Market Evolved Historically and What is its Current Size?
The blood bank information systems market has seen considerable growth due to a variety of factors.
• The market size for blood bank information systems has seen significant growth recently. The market is set to increase from $0.78 billion in 2024 to $0.85 billion in 2025, with a compound annual growth rate (CAGR) of 8.6%.
This growth in the historical period has been driven by a rise in the demand for blood transfusions, an increasing number of chronic diseases, regulatory requirements, the need for improved blood management, and an increase in surgical procedures.
What Does Future Hold for The Blood Bank Information Systems Market By 2029?
The blood bank information systems market is expected to maintain its strong growth trajectory in upcoming years.
• The market for blood bank information systems is anticipated to witness significant expansion in the coming years. The market value is predicted to reach $1.17 billion by 2029, with a Compound Annual Growth Rate (CAGR) of 8.4%.
This projected growth can be ascribed to factors such as the incorporation of electronic health records, increased emphasis on patient safety, a rising number of blood donation campaigns, growth in emerging markets and enhanced abilities for data analysis. Key trends for the forecast period encompass integration with electronic health records, advanced automation in blood collection, the advent of blockchain technology, focus on data security and privacy, and optimised user interfaces.
What Are The Primary Growth Drivers In The Blood Bank Information Systems Market?
The escalation in blood cancer incidences is predicted to further the expansion of the blood bank information systems market. Often referred to as hematologic cancer, blood cancer impacts the blood, bone marrow and lymphatic system. The surge in blood cancer can be attributed to various elements such as environmental influences, genetic components, lifestyle considerations, and infections. Blood bank information systems serve as a vital tool for aiding blood cancer patients by effectively administering and tracing blood donations and transfusions, thereby guaranteeing prompt availability of suitable blood products. For example, in May 2024, the Leukemia Foundation, a national charity based in Australia, estimated that around 19,403 Australians were likely to be newly registered with blood cancers such as leukemia, lymphoma, and myeloma, amounting to 53 individuals daily, or one individual every 27 minutes. At present, about 135,000 people are battling blood cancer or blood disorders in Australia, and this figure is anticipated to surge to over 275,000 by 2035. Hence, the rise in blood cancer incidences is stimulating the growth of the blood bank information systems market.
What Is The Segmentation Of The Global Blood Bank Information Systems Market?
The blood bank information systemsmarket covered in this report is segmented –
1) By Type: Blood Donor Management Module, Blood Bank Transfusion Service Module, Other Types
2) By Application Type: Web-Based, Mobile Based
3) By End User: Hospital, Blood Banks
Subsegments:
1) By Blood Donor Management Module: Donor Registration and Screening, Donor Health History Management, Blood Donation Scheduling and Tracking, Donor Testing and Blood Typing, Donor Retention and Engagement, Donor Communication and Alerts
2) By Blood Bank Transfusion Service Module: Blood Collection and Processing, Blood Inventory Management, Crossmatching and Compatibility Testing, Blood Transfusion Monitoring and Tracking, Transfusion Reporting and Documentation, Patient Blood Management
3) By Other Types: Laboratory Information Management Systems (LIMS), Blood Bank Workflow Automation Tools, Regulatory Compliance and Reporting Tools, Clinical Decision Support Systems (CDSS) for Blood Transfusion, Data Analytics and Reporting Tools.
Pre-Book The Blood Bank Information Systems Global Market Report 2025 Report For Swift Delivery And Comprehensive Insights:
How Are New Trends Impacting The Size Of The Blood Bank Information Systems Market?
Leading corporations in the blood bank information systems market are focusing on creating cutting-edge solutions, including enterprise resource planning (ERP) software, to fulfill the specific requirements of blood banks and modern therapy providers. ERP software amalgamates key business operations into a single system for efficient operations and better data handling. For example, in June 2023, US-based Blood Bank Computer Systems Inc., a firm known for providing software solutions for blood banks and transfusion services, introduced the ForLife Biologics Platform. This revolutionary ERP software is tailor-made for the blood and biotherapies industry. The aim of the platform is to systemize processes connected with the collection, production, and delivery of blood products and advanced treatments, meeting the distinctive needs of organizations in this sector. The ForLife Biologics Platform flawlessly merges with the Blood Bank Control System 6.0, which has gained approval from the pertinent regulatory agency, guaranteeing adherence to the required standards for blood bank activities.
Who Are the Key Players In The Blood Bank Information Systems Market?
Major companies operating in the blood bank information systems market are:
• Grifols S.A.
• Sysmex Corporation
• Epic Systems Corporation
• Haemonetics Corporation
• Sunquest Information Systems Inc.
• WellSky Technologies Inc.
• Soft Computer Consultants Inc.
• LABVANTAGE Solutions Inc.
• Integrated Medical Systems International Inc.
• Luminous Infoways Pvt. Ltd.
• Mediware Information Systems Inc.
• Mak-System
• Orchard Software Corporation
• Dataman Computer Systems Pvt. Ltd.
• Hemosoft
• Slashdot Media Inc.
• Blood Bank Computer Systems Inc.
• Strides Software Solutions Pvt Ltd
• Sara Technologies Pvt. Ltd.
• IT Synergistics Inc.
• Digi-Trax Corporation
What Are The Regional Insights Into The Blood Bank Information Systems Market?
North America was the largest region in the blood bank information systems market in 2024. The regions covered in the blood bank information systems market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.
