What Fueled The Previous Growth In The Blood Processing Devices And Consumables Market?
The blood processing devices and consumables market has seen considerable growth due to a variety of factors.
•The market size for blood processing devices and consumables has experienced robust growth in the past few years. The market will expand from $47.8 billion in 2024 to $51.62 billion in 2025, with a compound annual growth rate (CAGR) of 8.0%.
Factors contributing to growth during the historic period include an increase in blood donation rates, developments in transfusion medicine, a rising incidence of blood disorders, worldwide initiatives to ensure safe blood transfusion, and an increase in the number of surgical procedures.
What Is The Expected Growth In The Blood Processing Devices And Consumables Market Size?
The blood processing devices and consumables market is expected to maintain its strong growth trajectory in upcoming years.
• The market for blood processing devices and consumables is anticipated to witness substantial growth in the coming years, escalating to "$75.15 billion by 2029, demonstrating a compound annual growth rate (CAGR) of 9.8%.
The imminent growth during the forecast period can be ascribed to several factors such as surging demand from developing economies, an increasingly aging population, the rise of point-of-care blood processing, heightened focus on autologous blood transfusions, the burgeoning need for apheresis procedures, and partnerships aimed at research and development. Dominant trends predicted for the forecast period encompass the incorporation of data management through technology, innovative advancements in blood processing technology, the integration of automation and robotics, advancements in apheresis technology, and the prominence of point-of-care blood processing.
What Main Forces Are Fueling Expansion In The Blood Processing Devices And Consumables Market?
The blood processing devices and consumables market is being propelled by a growing number of infectious diseases. Pathogens such as bacteria, viruses, fungi, or parasites, which can be transferred between individuals or from animals to humans, cause these diseases. The escalating prevalence of infectious diseases is attributed to numerous factors including urbanization, globalization, climate alteration, increased travel, and resistance to antibiotics. These aspects heighten the spread of pathogens and increase the vulnerability of populations to infections. Blood processing devices and consumables are instrumental in managing the rise of infectious diseases, as they guarantee safe blood transfers and efficient diagnostics. These devices are key to screening blood for infectious pathogens, thereby reducing the risk of transmission during medical procedures and enhancing patient safety. For instance, the Centers for Disease Control and Prevention, a U.S. government agency, reported in March 2024 a rise in the number of tuberculosis cases from 8,320 in 2022 to 9,615 in 2023, an increase of 1,295 cases. Consequently, the escalating incidence of infectious diseases is anticipated to stimulate the progression of the blood processing devices and consumables market.
What Are The Primary Segments In The Global Blood Processing Devices And Consumables Market?
The blood processing devices and consumables market covered in this report is segmented –
1) By Product Type: Devices, Consumables
2) By Devices: Blood Bank Freezers, Blood Grouping Analyzers, Blood Warmer, Blood Cell Processers, Other Devices
3) By Consumables: Blood Bags, Blood Lancets, Vials, Blood Administration Sets, Other Consumables
4) By End User: Hospitals, Diagnostic Centers, Clinics, Academic Institutes, Blood Banks
Subsegments:
1) By Devices: Blood Collection Devices, Blood Separation Devices, Blood Transfusion Devices, Blood Storage Devices, Automated Blood Processing Systems
2) By Consumables: Blood Collection Tubes, Blood Filters, Blood Bags, Reagents And Chemicals, Anticoagulants, Blood Processing Kits
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Which Key Trends Are Driving Changes In The Blood Processing Devices And Consumables Market?
Leading companies in the sector of blood processing devices and consumables are concentrating their efforts on improving technology in products like blood collection devices for greater productivity. These medical instruments, used for acquiring blood samples for examinations, transfusions, or scientific research, are being revolutionized. An example is the UltraTouch blood collection device which was introduced by Becton, Dickinson and Company, a United States-based medical tech firm, in May 2024. This device streamlines the blood sampling process while lowering patient discomfort. It incorporates next-level technology to facilitate fast and effective venipuncture, ensuring precise sample retrieval. User-friendly and ergonomically designed, it is ideal for medical professionals working in various settings like hospitals, clinics, and research labs. The device, with its advanced design, reduces pain and enhances the overall patient experience, proving beneficial for those distressed by blood drawing procedures. Moreover, it is equipped with safety functions to decrease the occurrence of needle-prick injuries, thus making it a preferred choice in modern medical practice.
Who Are the Key Players in the Blood Processing Devices And Consumables Market?
Major companies operating in the blood processing devices and consumables market include:
• Thermogenesis Holdings Inc.
• Maco Pharma International GmbH
• Immucor Inc.
• Bio-Rad Laboratories Inc.
• Grifols S.A.
• Abbott Laboratories
• Terumo BCT Inc.
• Beckman Coulter Inc.
• Becton Dickinson and Company
• Biomerieux SA
• Danaher Corporation
• Global Scientific Company
• Haemonetics Corporation
• Sigma Laborzentrifugen GmbH
• SARSTEDT AG & Co K
• Roche Holdings AG
• Beurer GmbH
• Cardinal Health Inc.
• Fresenius Kabi AG
• Lmb Technologie GmbH
• Fenwal Inc.
• Kawasumi Laboratories Inc.
• F. Hoffmann-La Roche Ltd
• Thermo Fisher Scientific Inc.
• Poly Medicure Ltd
• Medtronic plc.
• Nipro Corporation
• Sekisui Chemical Co Ltd
• Greiner Bio-One International GmbH
What Is The Most Dominant Region In The Blood Processing Devices And Consumables Market?
North America was the largest region in the blood processing devices and consumables market in 2024.Asia-Pacific is expected to be the fastest-growing region in the global blood processing devices and consumables market report during the forecast period. The regions covered in the blood processing devices and consumables market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa
