Global Blood Bank Market Global Industry Trends, Share, Size and Forecast Report

SDKI Inc. published a new report on the global blood bank market. This study includes the statistical and analytical approaches needed to grow the blood bank market. The key industry insights provided in the report provide readers with better ideas about market overviews regarding existing market scenarios. In addition, the report contains a detailed discussion of current and future market trends related to market growth.

Report sample URL
https://www.sdki.jp/sample-request-111559

The blood bank market is estimated to reach US $ 22.73 billion by 2030 from a market value of US $ 15.42 billion in 2022 and is expected to grow at a CAGR of 5.7% during the 2022-2030 forecast period.

Blood banks are centers where blood is stored, stored and processed for blood transfusions. .. Often it is also called a collection center, and some hospitals also collect blood. Blood banks store products containing red blood cells, platelets, and plasma for shorter periods of time, but these usually depend on the results of the test procedure. Therefore, this medical facility may ensure the availability of blood and related products over a period of time, which may drive the demand of blood banks around the world. Increasing the elderly population, increasing prevalence of blood diseases among people, and increasing investment in blood bank development and government funding will drive the growth of the blood bank market during the forecast period. It is a major factor.

According to the World Health Organization (WHO), the population aged 65 and over could grow from 524 million in 2010 to about 1.6 billion by 2050. This increase in the elderly population has been improved primarily by improving medical infrastructure and solutions, which has increased the life expectancy of the elderly population. This could increase demand for blood banks and accelerate the growth of the blood bank market around the world. In addition, with the shortage of blood cells in people, the need for blood and its constituents is increasing, which makes blood banks more useful.

However, strict norms and regulatory policies regarding the development of blood banks may curb the growth of the blood bank market during the 2022-2030 forecast period.

Sample URL for the report
https://www.sdki.jp/sample-request-111559

Global market growth can be attributed to various significant advances in the healthcare industry to promote health through the development of three basic parameters: detection, prevention, and treatment. These parameters are needed to measure health, quality of life, and the overall health system. In addition, rising medical costs are driving market growth. According to the Organization for Economic Co-operation and Development (OECD) statistics, Japan's total per capita health care costs (government, compulsory health insurance, voluntary health insurance) increased from US $ 4297.13 in 2016 to US $ 4823 in 2019. Similarly, in the United States, it increased from $ 9880.16 to $ 11072 in 2019. Germany has witnessed an increase from $ 5668 to $ 6646, and the United Kingdom has observed growth from $ 3990 to $ 4653.05 during the above period. Globally, healthcare costs are projected to grow at a CAGR of approximately 5% between 2020 and 2024.

Advances in the healthcare sector are estimated to provide lucrative business opportunities for key players to take advantage of these opportunities in the coming years. In addition, there are several initiatives taken by healthcare professionals and government agencies to overcome some challenges (unreachable and affordable medical services, lack of investment in health care, trained doctors and nurses, etc.). It is expected to boost market growth during the forecast period.

Blood bank market segment

The blood bank market is 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,). It is divided by outpatient surgery center, pharmaceutical company, clinic / nursing home, etc.), and by region. These segments are further subsegmented based on various factors and consist of some additional information about the market, such as the combined annual growth rate of each segment and subsegment, the market value and volume of the valuation period.

Regional Overview of the Blood Bank Market

North American region is the world's leading region in terms of market share. This is due to the government's favorable support for blood bank approval and the significant presence of market players in the region. Meanwhile, the Asia Pacific blood bank market is expected to show the highest growth rate / CAGR during the 2022-2030 forecast period. Factors such as increased prevalence of blood-related diseases and improved medical infrastructure in developing countries such as China and India create favorable opportunities for the growth of the blood bank market in the Asia-Pacific region.

These regional segments are North America (US and Canada); Asia Pacific (China, India, Japan, South Korea, Indonesia, Malaysia, Australia, New Zealand, Singapore, Other Asia Pacific); Latin America (Brazil, Mexico, Argentina, etc.) Latin America); Middle East and Africa (Israel, GCC [Saudi Arabia, Arab Emirates, Bahrain, Kuwait, Qatar, Oman], North Africa, South Africa, and other Middle East and Africa) and Europe (UK, Germany, France, Italy) , Spain, Hungary, Belgium, Netherlands, Luxemburg, NORDIC, Poland, Turkey, Russia and other Europe) and more.

Key Players in the Blood Bank Market

Key players in the blood bank market include the American Association of Blood Banks (AABB), America's Blood Centers, Australian Red Cross, Blood Bank of Alaska, Canadian Blood Services, Japanese Red Cross Society, New York Blood Center, Sanquin Blood Supply Foundation, American Red Cross, Vitalant and more. The study includes a detailed competitive analysis of these major companies in the blood bank market, corporate profiles, recent developments, and key market strategies.

Details of the survey report
https://www.sdki.jp/press-details/global-blood-bank-market/179

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This release was published on openPR.