Global Blood Bank Market Segments 2024, Forecast To 2033
5 Mar, 2024
The blood bank market has shown strong growth, increasing from $16.91 billion in 2023 to $17.98 billion in 2024, achieving a CAGR of 6.3%. Contributing factors include an increase in trauma cases, surgical procedures, blood disorders, chronic diseases, and maternal health. Expecting strong growth, the market is forecasted to reach $23.17 billion in 2028, maintaining a CAGR of 6.5%. Drivers include emerging markets expansion, telemedicine and remote blood banking, gene editing and therapies, global health emergencies, and a growing aging population. Major trends include the expansion of donor pool diversity, blood utilization review programs, expansion of cord blood banking, blockchain in blood supply tracking, and advanced blood processing technologies.
Global Blood Bank Market Key Driver
The blood bank market is expected to experience growth due to the rising number of accidents. Worldwide, road traffic crashes caused 1.3 million deaths, and the need for immediate blood transfusions to treat injuries becomes crucial. With over 90% of road traffic fatalities occurring in low- and middle-income countries, the demand for blood bank services is increasing, driving market growth.
Get A Free Sample Of The Global Blood Bank Market ReportGlobal Blood Bank Market Segments
The blood bank market covered in this report is segmented –
1) By Bank Type: Private Blood Bank, Public Blood Bank
2) By Function: Collection, Processing, Testing, Storage, Transportation
3) By Product Type: Whole Blood, Red Blood Cells, Platelet, Plasma, White Blood Cells
4) By End User: Hospitals, Ambulatory Surgical Centers, Clinics, Pharmaceutical Companies
By Geography: The regions covered in the anti inflammatory therapeutics market report are Asia-Pacific, Western Europe, Eastern Europe,North America, South America, Middle East, and Africa. Among these regions.
North America was the largest region in the blood bank market in 2023. Asia-Pacific is expected to be the fastest-growing region in the blood bank market report during the forecast period. The regions covered in the blood bank market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa
Major Blood Bank Industry Players
American Association of Blood Banks; Blood Bank of Alaska; Canadian Blood Services; The Japanese Red Cross Society; New York Blood Center; NHS Blood And Transplant; Sanquin Blood Supply Foundation; The American Red Cross; Vitalant; America's Blood Centers; Australian Red Cross; Terumo Corporation; Haemonetics Corporation; National Blood Transfusion Council; Shire Plc; Abbott; Beckman Coulter Inc.; Polymedicure; Thermo Fisher Scientific Inc.; Becton Dickinson and Company; Bio-Rad Laboratories Inc.; F. Hoffman La Roche; Siemens Healthcare Private Limited; BioMérieux; CSL Behring; Takeda; Octapharma; Kedrion; Macopharma; Fresenius Kabi AG; B. Braun Melsungen AG; Grifols SA; Hologic Inc.; Ortho Clinical Diagnostics; Merck KGaA; Roche Diagnostics; Quotient Limited
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AIOps Blood Bank Market Overview
A blood bank refers to a facility or organization that collects, tests, processes, and stores donated blood for use in transfusions or other medical procedures. This provide a safe and dependable source of blood for patients who need transfusions as a result of surgery, injury, or medical conditions.
Blood Bank Global Market Report 2023 provides data on the global blood bank market such as market size, growth forecasts, segments and geographies, competitive landscape including leading competitors’ revenues, profiles and market shares. The blood bank market report identifies opportunities and strategies based on market trends and leading competitors’ approaches.