Blood Bank Market Report 2026

Blood Bank Market Overview

• Blood Bank market size has reached to $19.12 billion in 2025 • Expected to grow to $26.59 billion in 2030 at a compound annual growth rate (CAGR) of 6.8% • Growth Driver: Accelerating Demand With Increasing Accidents Fuel Growth In The Blood Bank Market • Market Trend: Technological Advancements Transforming The Blood Bank Industry • North America was the largest region in 2025 and Asia-Pacific is the fastest growing region.

What Is Covered Under Blood Bank Market?

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. The main product types of a blood bank are whole blood, red blood cells, platelets, plasma, and white blood cells. Whole blood is made up of red blood cells, white blood cells, and platelets suspended in a protective yellow liquid called plasma and is used to treat large amounts of blood loss, exchange transfusions, and when people donate blood to themselves. They are divided into functions including collection, processing, testing, storage, and transportation. The various types of banks include private blood banks and public blood banks. They are used by various end-users such as hospitals, ambulatory surgical centers, clinics, and pharmaceutical companies.

What Is The Blood Bank Market Growth Forecast?

The blood bank market size is expected to see strong growth in the next few years. It will grow to $26.59 billion in 2030 at a compound annual growth rate (CAGR) of 6.8%. The growth in the forecast period can be attributed to increasing investments in digital blood bank platforms, rising adoption of remote donor engagement tools, expansion of plasma collection networks, growing focus on traceability and compliance, increasing demand for efficient blood logistics. Major trends in the forecast period include increasing adoption of automated blood bank management systems, rising integration of digital donor tracking platforms, growing focus on cold chain optimization, expansion of mobile blood collection units, enhanced emphasis on quality and compliance.

Global Blood Bank Market Segmentation

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 Subsegments: 1) By Private Blood Bank: Commercial Blood Banks, Specialty Blood Banks 2) By Public Blood Bank: Government-Funded Blood Banks, Non-Profit Blood Banks

What Is The Driver Of The Blood Bank Market?

A rising number of accidents is expected to propel the growth of the blood bank market going forward. The rising number of accidents refers to an increase in the frequency or occurrence of unexpected events that result in injury, damage, or loss of life and includes a wide range of accidents such as car accidents and workplace accidents. The rising number of accidents frequently increases the need for immediate blood transfusions to treat injuries, replace blood loss, and maintain adequate circulation caused by accidents. For instance, in October 2025, according to the European Commission, a Belgium-based executive arm of the European Union responsible for proposing legislation, Iceland showed the highest jump, with a 63% increase in road deaths in 2024 compared to 2023. Therefore, the rising number of accidents will drive the blood bank industry.

Key Players In The Global Blood Bank Market

Major companies operating 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

Global Blood Bank Market Trends and Insights

Major companies operating in the blood bank market are focusing on developing innovative solutions, such as mixed reality applications, to meet the rising demand for enhanced blood donation experiences and improved donor engagement. Mixed reality applications integrate digital elements with the real-world environment to create interactive and immersive experiences, offering a more engaging alternative to traditional blood donation processes that rely solely on physical interactions and manual guidance. For instance, in January 2023, Abbott Laboratories, a US-based multinational medical devices and healthcare company, launched a mixed reality application integrated with Abbott technology in partnership with Blood Centers of America, a US-based independent blood center. The application is designed to enhance the blood donation experience by providing an immersive digital environment that engages donors and reduces anxiety. It helps attract new donors, especially younger demographics, by transforming donation into a more interactive and tech-enabled activity. The mixed reality tool also supports blood centers by modernizing donor interaction, improving comfort, and increasing repeat donation likelihood.

What Are Latest Mergers And Acquisitions In The Blood Bank Market?

In December 2024, GC Biopharma Corp., a South Korea–based biopharmaceutical company, acquired ABO Holdings, Inc., for an undisclosed amount. Through this acquisition, GC Biopharma strengthens its vertically integrated plasma-supply capabilities and supports the expansion of its immunoglobulin business in the United States. ABO Holdings, Inc. is a US-based operator of plasma collection centers that supply source plasma, a critical blood component used in plasma-derived therapies.

Regional Outlook

North America was the largest region in the blood bank market in 2025. Asia-Pacific is expected to be the fastest-growing region in the blood bank market report during the forecast period. The regions covered in this market report are Asia-Pacific, South East Asia, Western Europe, Eastern Europe, North America, South America, Middle East, Africa. The countries covered in this market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Taiwan, Russia, South Korea, UK, USA, Canada, Italy, Spain.

What Defines the Blood Bank Market?

The blood bank market includes revenues earned through entities by blood products derived from blood including albumin, immune globulin, specific immune globulins, and clotting factor concentrates. Values in this market are ‘factory gate’ values, that is the value of goods sold by the manufacturers or creators of the goods, whether to other entities (including downstream manufacturers, wholesalers, distributors, and retailers) or directly to end customers. The value of goods in this market includes related services sold by the creators of the goods.

How is Market Value Defined and Measured?

The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD unless otherwise specified). The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products.

What Key Data and Analysis Are Included in the Blood Bank Market Report 2026?

The blood bank market research report is one of a series of new reports from The Business Research Company that provides market statistics, including industry global market size, regional shares, competitors with the market share, detailed market segments, market trends and opportunities, and any further data you may need to thrive in the blood bank industry. The market research report delivers a complete perspective of everything you need, with an in-depth analysis of the current and future state of the industry.