The Blood Bank Market Overview 2025 report reveals that the market size has grown significantly over the past few years, with projections indicating further expansion.
What are the Historical Growth Trends in the Blood Bank Market?
The Blood Bank market has experienced substantial growth in recent years, expanding from a market size of $18.1 billion in 2024 to $19.18 billion in 2025. This represents a compound annual growth rate (CAGR) of 5.9%.
What are the 2025 Market Projections: Forecasted Size & Growth Rate for the Blood Bank Industry?
In 2029, the blood bank market is forecasted to reach a size of $25.18 billion, growing at a compound annual growth rate (CAGR) of 7.0%.
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What are the Key Growth Drivers Fueling the Blood Bank Market?
The key drivers in the blood bank market are:
• Expansion into emerging markets
• Adoption of telemedicine and remote blood banking
• Advancements in gene editing and therapies
• Increases in global health emergencies and aging population
Global Market Segmentation: Identifying Major Blood Bank Industry 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
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What are the Emerging Trends Shaping the Future of the Blood Bank Market?
The key trends in the blood bank market are:
• The future of the blood bank market is strongly influenced by the diversity expansion of the blood donor pool.
• Blood utilization review programs are becoming a growing trend in the market.
• The expansion of cord blood banking is emerging as a key future trend.
• The use of blockchain in tracking blood supply and advancements in blood processing technologies are shaping the future of the market.
Who Are the Top Competitors & Leading Players in the Blood Bank Market?
Major companies in the blood bank market are:
• 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
Regional Dominance: Which Area Leads the Global Template Market?
North America was the largest region in the blood bank market in 2024
