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Blood Bank Global Market Worth $21.18 Billion at a CAGR of 5.74% By 2027 | Key Players: The American Red Cross, Vitalant, America's Blood Centers, Australian Red Cross, Terumo Corporation
The Business Research Company's global market reports are now updated with the latest market sizing information for the year 2023 and forecasted to 2032The Business Research Company's Blood Bank Global Market Report 2023 identifies the A rising number of accidents is expected to propel the growth of the blood bank market going forward. The rising number of accidents refers to an increase in the frequency or occurrence of unexpected events that result in injury, damage, or loss of life and includes a wide range of accidents such as car accidents and workplace accidents.
The global blood bank market size is expected to grow from $15.96 billion in 2022 to $16.95 billion in 2023 at a compound annual growth rate (CAGR) of 6.17%. The Russia-Ukraine war disrupted the chances of global economic recovery from the COVID-19 pandemic, at least in the short term. The war between these two countries has led to economic sanctions on multiple countries, a surge in commodity prices, and supply chain disruptions, causing inflation across goods and services and affecting many markets across the globe. The global blood bank market size is expected to reach $21.18 billion in 2027 at a CAGR of 5.74%.
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Major players in the blood bank market are American Association of Blood Banks (AABB), Blood Bank of Alaska, Canadian Blood Services, The Japanese Red Cross Society, New York Blood Center, NHS Blood And Transplant, Sanquin Blood Supply Foundation, The American Red Cross, Vitalant, America's Blood Centers, Australian Red Cross, Terumo Corporation, Haemonetics Corporation, National Blood Transfusion Council (NBTC) and Shire Plc.
Technological advancement is a key trend gaining popularity in the blood bank market. Major companies operating in blood collection and storage activities are developing new technologies to meet fast-growing industry demand and enhance their business presence across the globe.
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The Blood Bank market is segmented -
1) By Bank Type: Private Blood Bank, Public Blood Bank
2) By Function: Collection, Processing, Testing, Storage, Transportation
3) By Product Type: Whole Blood, Red Blood Cells, Platelet, Plasma, White Blood Cells
4) By End User: Hospitals, Ambulatory Surgical Centers, Clinics, Pharmaceutical Companies
By Geography: Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa. North America was the largest region in the Blood Bank market.
The Business Research Company's "Global Blood Bank Market Report 2023" provides a thorough understanding of the market across 60 geographies. The report covers market size, growth rate, segments, drivers and trends in every region and country. In addition, the report offers insights on historical and forecast growth, helping players analyze and strategize better.
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The Table Of Content For The Blood Bank Market Include:
1. Executive Summary
2. Blood Bank Market Characteristics
3. Blood Bank Market Trends And Strategies
4. Blood Bank Market - Macro Economic Scenario
5. Blood Bank Market Size And Growth
……
27. Blood Bank Market Competitive Landscape And Company Profiles
28. Key Mergers And Acquisitions In The Blood Bank Market
29. Blood Bank Market Future Outlook and Potential Analysis
30. Appendix
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