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Blood Bank Information Systems Market Analysis by Industry Perspective, Comprehensive Analysis Growth and Forecast 2021-2028

09-23-2022 06:31 AM CET | Health & Medicine

Press release from: The Insight Partners

Blood Bank Information Systems Market

Blood Bank Information Systems Market

The blood bank information systems market is projected to reach US$ 1,103.95 million by 2028 from US$ 659.87 Million in 2021; it is expected to grow at a CAGR of 7.6% from 2021 to 2028.

Based on type, the blood bank information systems market is segmented into blood donor management module, blood bank transfusion service module, and others. In 2021, blood donor management module segment held the largest blood bank information systems market share due to increasing cardiovascular devices in the region. However, the blood bank transfusion service module segment is anticipated to register the highest CAGR in the blood bank information systems market during the forecast period. As per estimates by the National Heart, Lung, and Blood Institute, and the National Institutes of Health (NIH), in the US, over 5 million people require blood transfusions every year. Thus, due to the rising number of patients undergoing blood transfusion the segment is likely to grow in the anticipated period.

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Cerner Corporation; Allscripts Healthcare, LLC; Haemonetics Corporation; WellSky; Hemosoft; Integrated Medical Systems; Soft Computer Consultants, Inc.; IT Synergistics; Psych? Systems Corporation; and Sunquest Information Systems, Inc. are among the leading companies operating in the blood bank information systems market.

By end user, the blood bank information systems market is segmented into hospitals and blood banks. The hospitals segment held a considerable share of the market in 2021, likely to continue its dominance in the market during the forecast period. However, the blood bank transfusion service module segment is anticipated to register the highest CAGR in the blood bank information systems market during the forecast period. The rise in blood transfusion and increasing demand of technologically advanced systems are driving the blood bank information systems market growth of the segment in the anticipated period.

The rapid spread of the COVID-19 has provided significant momentum to the blood bank information systems market in 2020. SARS-CoV-2 (also known as COVID-19) has presented an unprecedented difficulty in several areas of medicine, including blood banking. COVID-19 has had a significant detrimental impact on blood collection across the US, requiring blood banks, blood centres, and the US government to implement new regulations to adapt to a reduced blood supply while also protecting donors from COVID-19.

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Patient blood management and blood bank operations are both affected by these policies. This negatively affected demand for blood bank information systems. Thus, to overcome these safety concerns, the demand for automated processes increased to avoid risk of infection, so the demand for automatic blood banks also increased. Thus, many companies developed programs to upgrade the blood banks to smart blood banks. For instance, in 2020, Haier implemented its automatic blood bank solutions in blood stations at Nanchong City, Sichuan Province, Chifeng City, Inner Mongolia, Wuxi City, etc. However, the pandemic shook the nation with sudden lockdown and led to lack of blood supply due to shortage in blood donors. The growth for the blood bank information systems took initial steps and yet have a long road ahead. Thus, the market is anticipated to have sluggish growth in the forecasted period.

The blood bank information systems market has been geographically segmented as follows:

Based on geography, the blood bank information systems market is segmented into North America, Europe, Asia Pacific (APAC), Middle East & Africa (MEA), and South & Central America. The market in North America is sub-segmented into the US, Canada, and Mexico. The market in Europe is further segmented into France, Germany, the UK, Spain, Italy, and the Rest of Europe. The market in Asia Pacific (APAC) is further segmented into China, India, Japan, Australia, South Korea, and the Rest of Asia Pacific. The market in the Middle East & Africa (MEA) is segmented Into Saudi Arabia, the UAE, South Africa, and the Rest of Middle East & Africa. The market in South and Central America is sub-segmented into Brazil, Argentina, and the Rest of South and Central America.

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Contact Person: Sameer Joshi
E-mail: sales@theinsightpartners.com
Phone: +1-646-491-9876

About Us:

The Insight Partners is a one stop industry research provider of actionable intelligence. We help our clients in getting solutions to their research requirements through our syndicated and consulting research services. We specialize in industries such as Semiconductor and Electronics, Aerospace and Defense, Automotive and Transportation, Biotechnology, Healthcare IT, Manufacturing and Construction, Medical Device, Technology, Media and Telecommunications, Chemicals and Materials.

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