Press release
Blood Market Thrives, Anticipated to Surge to $10.2 Billion by 2027
Blood Market
The global blood market has exhibited steady growth in recent years, driven by an escalating demand for blood and blood products in medical treatments. This market, valued at $7,201 million in 2020, is projected to reach $10,253 million by 2027. A pivotal metric in this expansion is the Compound Annual Growth Rate (CAGR) of 4.5% from 2020 to 2027.
๐๐จ๐ฐ๐ง๐ฅ๐จ๐๐ ๐๐๐ฆ๐ฉ๐ฅ๐ ๐๐๐ฉ๐จ๐ซ๐ญ ๐๐ญ: https://www.alliedmarketresearch.com/request-sample/2176
Key Growth Drivers:
The surge in demand for blood and its derivatives, essential for transfusions treating various medical conditions such as anemia, cancer, and trauma, is a primary driver of market growth. Furthermore, the increasing prevalence of chronic diseases, notably cancer and cardiovascular ailments, contributes significantly to the expanding blood market.
Key Market Players:
1. Abbott Laboratories
2. Bio-Rad Laboratories
3. CSL Limited (CSL Behring)
4. F. Hoffmann-La Roche Ltd.
5. Grifols International SA
6. Haemonetics Corporation
7. Merck & Co.
8. Novo Nordisk A/S
9. Ortho Clinical Diagnostics
10. Terumo Corporation (Terumo BCT)
Product Segmentation:
The blood market comprises a comprehensive product portfolio, including:
1. Whole Blood Collection and Processing
2. Source Plasma Collection
3. Blood Typing Products
4. Blood Screening Products
End-user Categories:
1. Blood and Blood Component Bank
2. Diagnostic Laboratories
3. Ambulatory Surgical Centers
4. Hospitals
5. Others (Research institutions, biotechnology companies, and government agencies)
Regional Analysis:
The global blood market is geographically diversified, with key regions experiencing distinct market dynamics:
1. North America: A mature market with advanced blood safety technologies and stringent regulatory compliance.
2. Europe: The second-largest market with well-established infrastructure for blood collection, processing, and distribution.
3. Asia-Pacific: The fastest-growing market, driven by increasing demand for blood transfusions and a large potential donor population.
4. LAMEA: A developing market with a growing demand for blood transfusions, particularly in the presence of prevalent infectious diseases.
Key Questions for Further Exploration:
1. What are the primary drivers fueling growth in the blood market?
2. What challenges does the blood market face, and how are they being addressed?
3. What trends characterize blood collection and processing technologies?
4. How is the demand for blood products evolving, and what factors influence these changes?
5. What regulatory issues significantly impact the blood market?
6. How do cultural attitudes toward blood donation vary across regions?
7. What role do blood banks and blood component banks play, and how are they evolving?
8. What are the latest advancements in blood screening and testing technologies, enhancing blood safety?
9. How is the blood market adapting to the rising demand for plasma-derived medicinal products?
10. What emerging opportunities exist for growth in the blood market, and how can companies capitalize on them?
๐๐ฎ๐ฒ ๐๐ซ๐๐ฆ๐ข๐ฎ๐ฆ ๐๐จ๐ฉ๐ฒ ๐จ๐ ๐๐ฅ๐จ๐จ๐ ๐๐๐ซ๐ค๐๐ญ ๐๐ซ๐จ๐ฐ๐ญ๐ก ๐๐๐ฉ๐จ๐ซ๐ญ ๐๐ญ: https://www.alliedmarketresearch.com/blood-market/purchase-options
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