Press release
Blood Banking Devices Market is set to Boom Worldwide at a CAGR of 8.48% by 2029
Industry Analysis
The global blood banking devices market is estimated to increase rapidly over the forecast period of 2022-2029. Blood transfusion, a procedure used to treat a variety of medical disorders, replenishes lost blood components and improves the patient's health. However, a lack of timely access to safe blood transfusions will raise demand for blood banks to provide efficient, safe, and real-time blood unit availability. Therefore, this will led to the introduction of blood banking devices in the market.
A blood bank is a place where blood or plasma is stored for transfusion. The four main activities of blood banks are collecting blood, processing blood, testing blood samples to verify they are non-infectious and fit for transfusion, storing blood samples for future use, and transferring blood samples to end-users. Blood banking is the process of collecting, gathering, processing, and storing blood. Devices for collecting and storing blood and blood components are known as blood banking devices. These devices are used in the blood processing industry to ensure that blood transfers are safe.
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