Blood Banking and Blood Products Market is Estimated to Reach USD 27,301.61 Million by the end of 2028: Cognitive Market Research

Market Overview:
Blood Banks are the centers or the organizations where the blood is collected and stored before it is used for transfusions. The blood bank may be a standalone organization or in association with hospitals. The blood bank also carried out other process such as recordkeeping, blood typing, testing for infectious diseases, cross matching, medical or legal evaluation of blood, storage, and transportation of blood. The blood banking is the terms which is generally related to the blood bank. The blood banking is the term used for the all the process that take place in the lab to preserve the donated blood, or blood products.
Due to the factors such as high frequency of hematologic diseases, steep rise in accidental cases, increasing awareness about blood donation etc. led to the potential growth of Blood Banking and Blood Products Market in coming years.

Report Insight:
• Global Blood Banking and Blood Products Market is expected to reach USD 27,301.61 Million by the end of 2028, growing at a CAGR of 7.30% between 2021 and 2028.
• RBCs Revenue (USD Million) is anticipated to reach at USD 8,361.48 Million in 2028
• Trauma & Surgery Revenue (USD Million) in Blood Banking and Blood Products is estimated to reach USD 11,368.34 Million in 2028.
• Europe Blood Banking and Blood Products market size is projected USD 8,692.83 Million in 2028.
To know more The Blood Banking and Blood Products click here: https://www.cognitivemarketresearch.com/blood-banking-and-blood-products-market-report

Market Drivers:
• Increasing Prevalence of Chronic Diseases, Growing Number of Covid-19 Cases and Combined Technological Advances
Increasing prevalence of chronic diseases is one of the major factors that are enhancing the demand of blood products. For example; there is high prevalence of diseases such as HIV infection, malaria, tuberculosis and dengue results. As the HIV disease continues to be a serious health issue for parts of the globe. According to World Health Organization (WHO); there were about 1.7 million new cases of HIV in 2018. About 37.9 million people were living with HIV around the world in 2018 and 24.5 million they were receiving medicines to treat HIV called antiretroviral therapy (ART) and there were an estimated 38.0 million patients living with HIV at the end of 2019 and 26 million of them were receiving medicines to treat HIV called (ART) antiretroviral therapy, according to the center of disease control and prevention.
In addition, increasing number of cases of Covid-19 is also augmenting the demand for blood products. Thus, with an outbreak of Covid-19 all over the world everyone is trying to find a cure or a vaccine.
• Restraints for Blood Banking and Blood Products Market
Wastage of donated blood and stringent rules & regulations
• Opportunities for Blood Banking and Blood Products Market
Rising Healthcare Expenditure

Market Segmentation:
Type:
• RBCs
RBCs are also known as the red blood cells or erythrocytes. These are produced in the bone marrow and are engaged in the transportation of oxygen from lungs to the rest of body and carbon dioxide from body to lungs. It has the shelf life of up to 42 days and is store in cold condition such as in refrigerator. It is widely used in the medical condition such as trauma, surgery, blood disorders (sickle cell), any blood loss, anemia.

• Plasma
Plasma is the clear, straw-colored liquid portion of blood that remains after red blood cells, white blood cells, platelets and other cellular components are removed. It is the single largest component of human blood, comprising about 55 percent, and contains water, salts, enzymes, antibodies and other proteins.

• Platelets
• Whole Blood 
• Cryo

Application:
• Trauma & Surgery
Large amounted of blood is lost in traumatic injury which is causes by the road traffic crashes, burns, stabbing, falling etc. Many times, heavy blood loss is also seen during the surgery procedures due to various reason. In such cases the blood or blood components are transfused to the patient to cope-up with the blood loss.

• Bleeding Disorder
Bleeding Disorder such as Haemophilia, Von Willebrand disease, etc. where the body lack the ability to coagulate blood, due to which the bleeding of blood cannot be control by the body itself. In such cases the blood component responsible for coagulations of blood are suppled from outside via transfusion, such as cryo. This is a rare but dangerous phenomenon where all the blood from body can be leak which may lead to death of person.

• Cancer Treatment

Get free sample pages of latest published Blood Banking and Blood Products Report: https://www.cognitivemarketresearch.com/blood-banking-and-blood-products-market-report

Competitive Analysis for Blood Banking and Blood Products Market: America's Blood Centers, Vitalant, Japan Red Cross Society, American Red Cross, Australia Red Cross, Red Cross Society, NHS Blood and Transplant, New York Blood Center, Canadian Blood Services, Sanquin Blood Supply Foundation

• Vitalant
Vitalant is a non-profit organization which is involved in blood collection, testing, logistics, distribution, special services etc. The organization with its national network of community donation centers strive hard to deliver blood to hospitals present in locality and all across U.S. The organization also supply the blood during the times of regional disasters, severe weather and unexpected tragedies. The company offers patients with the necessary blood components like platelets, red cells, plasma etc. so that the patient can survive, heal and overcome the diseases.
The company focuses on bringing collective impact by bringing together top experts in field, inspiring people to donate blood, providing specialized patient services and pharmaceuticals, conducting advance cutting-edge research, producing a safe and ready blood supply etc

Regional Analysis:
The Europe Blood Banking and Blood Products market size is projected USD 8,692.83 Million in 2028.

NEWS:
• April 2021
Growing domestic plasma supply for Canadian patients
Canadian Blood Services announced that they are planning to increase plasma collection in more cities across Canada with the support of funding from provincial and territorial governments. The New plasma donor centers will open in Brampton and Ottawa, Ontario by spring 2022.

Related Report:
• Cord Blood Banking Service Market- https://www.cognitivemarketresearch.com/cord-blood-banking-service-market-report
• Cord Blood Banking Market- https://www.cognitivemarketresearch.com/cord-blood-banking-market-report
• Blood Banking Devices Market- https://www.cognitivemarketresearch.com/blood-banking-devices-market-report
• Umbilical Cord Blood Banking Market- https://www.cognitivemarketresearch.com/umbilical-cord-blood-banking-market-report

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