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Blood Bank Market Emerging Trends by Global Key Player Analysis – American Red Cross, Vitalant, New York Blood Centre, Australian Red Cross, Japan Red Cross Society, American Association of Blood Banks, America's Blood Centers and more

06-18-2019 11:30 AM CET | Health & Medicine

Press release from: Allied Market Research

/ PR Agency: Allied Market Research
Blood Bank Market

Blood Bank Market

Increase in prevalence of hematological diseases play a major role in the growth of the blood bank market. Furthermore, increase in demand for blood transfusion in the developing countries is expected to boost the market growth in the coming years.

The global blood bank market was valued at $11,527 million in 2017, and is projected to reach $18,649 million by 2025, registering a CAGR of 6.1% from 2018 to 2025. A blood bank is a non-profit organization that engages in all the operations such as collection, processing, testing, storage, and distribution of blood and blood components drawn from donors. A blood bank can be a separate free-standing organization or operates as a part of a hospital. In addition, a blood bank provides safe or disease-free blood for transfusion to save a patient's life and curb the complications that can arise due to severe blood loss.

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Blood banks have witnessed an increase in demand, owing to high prevalence of hematological diseases and rise in number of accidental cases across the world. In addition, growth in the geriatric population who is prone to blood disorders and high demand for blood transfusion supplement the market growth. However, wastage of the donated blood and stringent rules & regulations are anticipated to hamper the market growth. On the contrary, blood transfusion in emerging nations is expected to offer significant profitable opportunities for the market players.

The global blood bank market is segmented based on product type, function, bank type, end user, and region. Based on product type, the market is classified as whole blood, red blood cell, platelets, plasma, and white blood cell.

The function segment studies collection, processing, testing, storage, and transportation. Based on bank type, the market is segmented into private and public. Depending on end user, the market is classified into hospital, ambulatory surgery center, pharmaceutical companies, clinics & nursing homes, and others. Based on region, the market is studied across North America, Europe, Asia-Pacific, and LAMEA.

Key Benefits For blood bank market

This report provides a detailed quantitative analysis of the current market trends and future estimations from 2018 to 2025, which assists in identifying the prevailing market opportunities.
An in-depth analysis of various regions is anticipated to provide a detailed understanding of the current trends to enable stakeholders formulate region-specific plans.
A comprehensive analysis of the factors that drive and restrain the growth of the global blood bank market is provided.
The key regulatory guidelines for the blood bank market are critically dealt with according to geography.
An extensive analysis of various regions provides insights that allow companies to strategically plan their business moves.

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KEY MARKET PLAYERS
The American Red Cross
Vitalant
New York Blood Centre
Australian Red Cross
Japan Red Cross Society
American Association of Blood Banks
America's Blood Centers
Canadian Blood Services
Sanquin Blood Supply Foundation
Blood Bank of Alaska

The other players in the value chain include (profiles not included in the report):
Indian Red Cross Society
NHS Blood and Transplant
New Zealand Blood Service
National Blood Centre
German Red Cross
Rotary Blood Bank

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Allied Market Research (AMR) is a full-service market research and business-consulting wing of Allied Analytics LLP based in Portland, Oregon. Allied Market Research provides global enterprises as well as medium and small businesses with unmatched quality of "Market Research Reports" and "Business Intelligence Solutions.” AMR has a targeted view to provide business insights and consulting to assist its clients to make strategic business decisions and achieve sustainable growth in their respective market domain.

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