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US Blood Bank Market expected to reach US$ 6,025.26 million and Growing at a CAGR of 5.5% during forecast period 2020-2027, Focusing on top key players like Bloodworks Northwest, San Diego Blood Bank, America’s Blood Centers, CSL Plasma, Blood Centers o

10-20-2020 06:05 AM CET | Health & Medicine

Press release from: Premium Market Insights

Blood Bank Market

Blood Bank Market

The US blood bank marketis expected to reach US$ 6,025.26 millionby 2027 from US$3,975.02 million in 2019;it is expectedto grow with a CAGR of 5.5% from 2020 to 2027.

The growth of the marketis attributed to the key factors such as the high prevalence of hematologic diseases and rise in the number of road accidents. On the other hand, the market growth would be hindered by the disability of blood banks to comply with regulations.

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Based on type, the US blood bank market is segmented into whole blood, plasma, RBC, platelets, and WBC. In 2019, the whole blood segment held the largest share of the market. Moreover, the plasma segment is anticipated to register the highest CAGR in the market during the forecast period.

Based on the function, the US blood bank marketwas segmented intotesting, processing, storage, transportation, and collection.The testingsegment held the largest share of the market in 2019 and is anticipated to register the highest CAGR during the forecast period.

Based on bank type, the US blood bank marketissegmented into private and public. In 2019,the privatesegment accounted for a larger share of the market andis anticipated to register a higherCAGR during the forecast period.

A few of the major primary and secondary sources referred to while preparing this report on the US blood bank market areAmerican Association of Blood Banks (AABB), America's Blood Centers (ABC), Food and Drug Administration (FDA), and Centers for Disease Control and Prevention (CDC).
Key players: like Bloodworks Northwest, San Diego Blood Bank, America’s Blood Centers, CSL Plasma, Blood Centers of America, The American National Red Cross, New York Blood Center, Vitalant, Interstate Blood Bank, Inc

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Points Covered in the Report:
1. The pivotal aspects considered in the Global Blood Bank Market report consist of leading competitors functioning in the global market.
2. The report encompasses company profiles prominently positioned in the global market.
3. The sales, corporate strategies, and technological capabilities of leading manufacturers are also mentioned in the report.
4. The driving factors for the growth of the Global Blood Bank Market are explained exhaustively, along with an in-depth account of the end users in the industry.
5. The report also explains critical application areas of the global market to readers/users.
6. The report undertakes a SWOT analysis of the market. In the final section, the report features the opinions and views of industry experts and professionals. The experts also evaluate the export/import policies that might propel the growth of the Global Blood Bank Market.
7. The report on the Global Blood Bank Market delivers valuable information for policymakers, investors, stakeholders, service providers, producers, suppliers, and organizations operating in the industry and looking to purchase this research document.

Reasons for Buying Blood Bank Market Report:
• The report performs an analysis of the dynamic competitive landscape that can help the reader/client move ahead in the global market.
• It also presents an in-depth view of different factors driving or restraining the growth of the global market.
• The Global Blood Bank Market report provides a five-year forecast derived on the basis of the potential growth of the market.
• It helps formulate profitable business decisions by offering thorough insights into the global market and by creating a comprehensive analysis of pivotal market segments and subsegments.

Sameer Joshi
Call: US: +1-646-491-9876, Apac: +912067274191
Email: sales@premiummarketinsights.com

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