Blood Bank Market Playing An Important Role In The Growth of Heathcare Industry : Sanquin Blood Supply Foundation, Blood Bank of Alaska

A blood bank is a place where the supply of blood or plasma is stored for transfusion. Blood banks perform various functions. They collect blood and process it. Sometimes blood components are separated for particular health care treatments or applications. They test blood samples to ensure that the blood is non-infectious and fit for blood transfusion. They store the blood for future application and transport blood samples to end-users. Blood testing involves ABO typing, antibody screening, and cross matching test. Testing is an important step for players operating in global blood bank market. This is because of stringent government rules for screening of the blood of the donor before storage as infectious blood samples can cross contaminate other blood samples stored in a blood bank. Testing is also important to determine the ABO blood group as blood transfusion takes place according to the ABO and Rh factors system.

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The dominant crucial vendors in Blood Bank Market include are 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


MARKET DYNAMICS
The Blood Bank market is anticipated to grow in the forecast, owing to the factors such as growth in increase in prevalence of hematological diseases, rise in accidental cases, increasing number of geriatric population, high demand for safe blood due to high prevalence of transfusion transmissible infections such as HIV, Hepatitis B across the world. Nevertheless, rise in wastage of donated blood and stringent regulations are expected to hamper the market growth during the forecast period.

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.

Product segment review
On the basis of product type, the blood bank market is divided into whole blood, red blood cell, platelet, plasma, and white blood cell. The red blood cell segment generated the highest revenue in 2019 and is anticipated to maintain its dominance throughout the forecast period. In addition, the platelet segment is estimated to register the highest growth rate from 2020 to 2027, owing to the high demand for platelets, which have a low storage time.

There has been a detailed scout conducted by industry experts to help identify the major factors influencing the development rate of the Blood Bank industry including various opportunities and gaps. A thorough examination of the micro markets with regards to the growth trends in each category makes the entire study appealing. While studying the micro markets the researchers also chose to dig deep into their future prospect and contribution to the Blood Bank industry.

Key Market Segments

By Product Type
• Whole Blood
• Red Blood Cells
• Platelets
• Plasma
• White Blood Cells

By Function
• Collection
• Processing
• Testing
• Storage
• Transportation

By Bank Type
• Private
• Public

By End User
• Hospital
• Ambulatory Surgery Centers
• Pharmaceutical Companies
• Clinics & Nursing homes
• Others

The global blood bank market can be segmented based on product, banking type, end- user, and region. Based on product, the global blood bank market can be classified into whole blood, red blood cell, white blood cell, platelets, and plasma. Blood Banking is a rapidly expanding industry due to an increase in the number of blood donors as awareness among people regarding the importance and benefits of blood donation is increasing. Moreover, people are aware about the concept behind blood cell formation in the bone marrow and multiplication after blood donations. Thus, whole blood segment is propelling the growth of global blood market. The red blood cell segment is expected to expand at a significant CAGR due to an increase in the prevalence of chronic disease induced anemia. Platelets have low storage time and thus have greater demand. Therefore, the platelets segment is expected to expand at a rapid pace due to a rise in platelets transfusions driven by an increase in the prevalence of diseases such as dengue.

A peek at the industry trends and opportunities:
The statistical data from the dominating players for the Blood Bank Market can help you gather necessary insight on how to measure up against them and try and take the required action. Companies and Business owners can use the following information which comes in handy especially when a new product is in the planning. The following section contains a detailed list of all the dominating players in the Blood Bank Market based on the revenue generation, existing consumer base, recent acquisitions or mergers, Ongoing developments and existing research.

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On the basis of product, this report displays the production, revenue, price, market share and growth rate of each type, primarily split into

By Product Type
Whole blood
Red Blood Cell
Platelet
Plasma
White Blood Cell

By Function
Collection
Processing
Testing
Storage
Transportation

By Bank Type
Private
Public

On the basis of the end users/applications, this report focuses on the status and outlook for major applications/end users, consumption (sales), market share and growth rate for each application, including
Hospital
Ambulatory Surgery Centers
Pharmaceutical Companies
Clinics & Nursing homes
Others

Region wise performance of the Blood Bank industry
This report studies the global Blood Bank Market status and forecast, categorizes the global Blood Bank Market size (value & volume) by key players, type, application, and region. This report focuses on the top players in North America, Europe, China, Japan, Southeast Asia India and Other regions (Middle East & Africa, Central & South America).

Key points from TOC

1 Industrial Chain Overview
1.1 Blood Bank Industry
1.1.1 Overview
1.1.2 Characteristics of Blood Bank
1.2 Upstream
1.2.1 Major Materials
1.2.2 Manufacturing Overview
1.3 Product List By Type
1.3.1 Type 1
1.3.2 Type 2
1.3.3 Type 3
1.4 End-Use List
1.4.1 Demand in Hospitals
1.4.2 Demand in Laboratories
1.4.3 Demand in Blood Centers
1.4.4 Demand in Others
1.5 Global Market Overview
1.5.1 Global Market Size and Forecast, 2015-2025
1.5.2 Global Market Size and Forecast by Geography with CAGR, 2015-2025
1.5.3 Global Market Size and Forecast by Product Type with CAGR, 2015-2025
1.5.4 Global Market Size and Forecast by End-Use with CAGR, 2015-2025

2 Global Production & Consumption by Geography
2.1 Global Production & Consumption
2.1.1 Global Production
2.1.2 Global Consumption
2.2 Geographic Production & Consumption
2.2.1 Production
2.2.1.1 Asia-Pacific
2.2.1.2 North America
2.2.1.3 South America
2.2.1.4 Europe
2.2.1.5 Middle East & Africa
2.2.2 Consumption
2.2.2.1 Asia-Pacific
2.2.2.2 North America
2.2.2.3 South America
2.2.2.4 Europe
2.2.2.5 Middle East & Africa
Continue..

This Blood Bank Market report holds answers to some important questions like:
- What is the size of occupied by the prominent leaders for the forecast period, 2018 to 2024? What will be the share and the growth rate of the Blood Bank Market during the forecast period?

- What are the future prospects for the Blood Bank industry in the coming years?

- Which trends are likely to contribute to the development rate of the industry during the forecast period, 2018 to 2024?

- What are the future prospects of the Blood Bank industry for the forecast period, 2018 to 2024?

- Which countries are expected to grow at the fastest rate?

- Which factors have attributed to an increased sale worldwide?

- What is the present status of competitive development?

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Overview of the Blood Bank market including production, consumption, status & forecast and market growth
2015-2018 historical data and 2019-2025 market forecast
Geographical analysis including major countries
Overview the product type market including development
Overview the end-user market including development

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