Blood And Blood Components Global Market To Reach Value Of $45 Billion In 2025

29 Nov, 2021

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The blood and blood components market consist of sales of blood and blood component. The market involves collection of donor's blood and segregating it into required components for the purpose of therapy.

Global Blood And Blood Components Market Size And Drivers:

The global blood and blood components market is expected to grow from $36.47 billion in 2020 to $38.43 billion in 2021 at a compound annual growth rate (CAGR) of 5.4%. The growth is mainly due to the companies resuming their operations and adapting to the new normal while recovering from the COVID-19 impact, which had earlier led to restrictive containment measures involving social distancing, remote working, and the closure of commercial activities that resulted in operational challenges. The blood and blood components market is expected to reach $45.18 billion in 2025 at a CAGR of 4.1%. The blood and blood components market is being driven by increasing incidence of trauma and road accidents.

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Trends In The Global Blood And Blood Components Market

The most prominent trend that has been witnessed in the blood and blood components market is the growing number of collaborations between the players involved in the market. Companies are adopting partnerships and collaborations in order to expand their reach, increase customer base and generate awareness in the market. For example, the American Red Cross collaborated with HealthStream with an aim of introducing new program for healthcare organizations. Similarly, the BloodCenter of Wisconsin collaborated with SysLogic Inc., to study how the RFID technology can be used to enhance safety of the patient while collecting and transfusing blood products.

Global Blood And Blood Components Market Segments:
The global blood and blood components market is further segmented –
By Product: Whole Blood, Blood Components
By End-Users: Hospitals, Ambulatory Surgical Centers, Others
By Application: Anemia, Trauma & Surgery, Cancer Treatment, Bleeding Disorders
By Blood Components: Red Blood Cells, Platelets, Plasma, White Blood Cells
By Geography: The global blood and blood components market is segmented into North America, South America, Asia-Pacific, Eastern Europe, Western Europe, Middle East and Africa.

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Blood And Blood Components Global Market Report 2021 is one of a series of new reports from The Business Research Company that provides blood and blood components market overviews, analyzes and forecasts market size and growth for the global blood and blood components market, blood and blood components market share, blood and blood components market players, blood and blood components market segments and geographies, blood and blood components market’s leading competitors’ revenues, profiles and market shares. The blood and blood components market report identifies top countries and segments for opportunities and strategies based on market trends and leading competitors’ approaches.