What Is The Current and Historic Market Size Analysis Of The Patient Blood Management Market?
The patient blood management market has seen considerable growth due to a variety of factors.
• In recent times, the patient blood management market has witnessed significant enlargement. By 2024, it will have ballooned from $14.86 billion to $15.94 billion by 2025, marking a compound annual growth rate (CAGR) of 7.3%.
This growth during the historical period can be traced back to an increase in chronic diseases, a rise in the number of surgical procedures, government initiatives, an amplified demand for bloodless surgery, an increase in the availability of blood substitutes, and a growing demand for premium healthcare.
What are the Market Size and Expected Growth Rates for the Patient Blood Management Market?
The patient blood management market is expected to maintain its strong growth trajectory in upcoming years.
• In the following years, it is anticipated that the market size for patient blood management will experience significant growth. Ascending to an impressive $20.92 billion in 2029, it will exhibit a compound annual growth rate (CAGR) of 7.0%.
The projected growth during this period is thought to be driven by factors such as an aging population, rising demand for blood, evolving demographics, a growing emphasis on personalized medicine, increased need for safe and efficient blood transfusions, as well as a rise in healthcare expenditure. Dominant trends predicted throughout the period include the move towards patient-oriented care, decision-making based on data, the optimization of hemoglobin, cooperative care, and broader utilization of autologous blood.
Which Key Drivers Are Propelling The Patient Blood Management Market's Growth?
The increase in accidents, trauma incidents, and surgical procedures has lead to the expansion of the global patient blood management market. For example, the UK Department for Transport, a UK government department, revealed in September 2023 that the final recorded road collisions in Great Britain for 2022 resulted in 1,711 deaths. Of these victims, men comprised 76% and 62% of all casualties, regardless of the degree of severity. The surge in accidents, trauma situations, and surgical procedures has thus created a higher requirement for blood and its consequential products, stimulating market growth.
What Are The Key Segments Within The Global Patient Blood Management Market?
The patient blood management market covered in this report is segmented –
1) By Product: Instruments, Accessories, Reagents And Kits, Software
2) By Component: Plasma, Whole Blood, Red Blood Cells
3) By Application: Hospital, Clinic, Other Applications
Subsegments:
1) By Instruments: Blood Collection Devices, Blood Processing Devices, Blood Transfusion Devices
2) By Accessories: Blood Bags, Transfer Sets, Filters
3) By Reagents And Kits: Blood Typing Reagents, Coagulation Test Kits, Hemoglobin Test Kits
4) By Software: Blood Management Information Systems, Data Management Software, Inventory Management Software
Pre-Book The Patient Blood Management Global Market Report 2025 Report For Swift Delivery And Comprehensive Insights:
How Are Emerging Trends Reshaping The Dynamics Of The Patient Blood Management Market?
The HEMAsavR, a sterile medical device for capturing and transferring blood, is gaining notable popularity for its usage in gathering and retrieving blood during surgical processes, efficiently addressing sudden blood loss situations. This device enables healthcare providers to gather sterile, anticoagulated blood affordably and without the requirement for specialized resources. As a result, the initial cost of collecting shed blood is lessened, and it can circumvent the need for allogenic transfusions, leading to enhanced outcomes like a reduction in patient deaths, decreased infection rates, and a lower probability of multi-organ failure.
Who Are the Key Players In The Patient Blood Management Market?
Major companies operating in the patient blood management market include:
• Haemonetics Corporation
• Fresenius SE & Co. KGaA
• Terumo Corporation
• Immucor Inc.
• B. Braun Melsungen AG
• Macopharma
• bioMérieux SA
• Asahi Kasei Corporation
• KANEKA CORPORATION
• Bio-Rad Laboratories Inc
• Abbott Laboratories
• Grifols
• Roche
• LIVANOVA PLC
• Danaher
• Mediware information systems
• Kawasumi Laboratories
• Haier Biomedical
• Diatron MI Zrt.
• BAG Diagnostics GmbH
• Hitachi Ltd.
• Ortho Clinical Diagnostics
• Beckman Coulter Inc.
• Siemens Healthineers
• Thermo Fisher Scientific Inc.
• Sysmex Corporation
• Nihon Kohden Corporation
• Radiometer Medical ApS
• Instrumentation Laboratory
• F. Hoffmann-La Roche Ltd
• Grifols Diagnostic Solutions Inc.
• HemoCue AB
What Are The Regional Insights Into The Patient Blood Management Market?
North America was the largest region in the patient blood management market in 2024. Western Europe was the second-largest region in the patient blood management market share. The regions covered in the patient blood management market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, and Africa.
