Blood Processing Devices And Consumables Market Growth, Trends, Size And Analysis 2024-2033

The blood processing devices and consumables market size has grown strongly in recent years. It will grow from $45.33 billion in 2023 to $49.09 billion in 2024 at a compound annual growth rate (CAGR) of 8.3%. The growth in the historic period can be attributed to increasing blood donation rates, advancements in transfusion medicine, growing prevalence of blood disorders, global initiatives for safe blood transfusion, rise in surgical procedures.

The blood processing devices and consumables market size is expected to see strong growth in the next few years. It will grow to $68.54 billion in 2028 at a compound annual growth rate (CAGR) of 8.7%. The growth in the forecast period can be attributed to increasing demand in emerging economies, rising geriatric population, point-of-care blood processing, increasing focus on autologous blood transfusions, demand for apheresis procedures, collaborations for research and development. Major trends in the forecast period include technological integration for data management, technological innovations in blood processing, automation and robotics integration, advancements in apheresis technology, rise of point-of-care blood processing.

Market Overview -
Blood processing devices and consumables are equipment and supplies used to collect, separate, process, and store blood components. These devices and consumables are critical for various medical procedures, including blood transfusions, therapeutic apheresis, and other clinical procedures requiring blood products.

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Surging Demand For Blood Transfusion Fuels Growth In The Blood Processing Devices And Consumables Market
The rise in the demand for blood transfusion will boost the blood processing devices and consumables market. The increasing disease burden creates demand for these devices and consumables that aid in transfusion of blood. Blood processing devices and consumables are essential for ensuring the safety and efficacy of blood and blood products for transfusion for several diseases that require blood transfusions. For instance, according to the World Cancer Research Fund International, a UK based not-for-profit association related to cancer prevention, there were an estimated 1.9 million cancer cases around the world in 2021. Additionally, In the United States, approximately 90,000 to 100,000 sickle cell disease patients require blood transfusions regularly. Therefore, the rise in the demand for blood transfusion, due to increasing disease burden is expected to drive the blood processing devices, and consumables market forward.

Competitive Landscape -
Major companies operating in the blood processing devices and consumables market report are Thermogenesis Holdings Inc., Maco Pharma International GmbH, Immucor Inc., Bio-Rad Laboratories Inc., Grifols S.A., Abbott Laboratories, Terumo BCT Inc., Beckman Coulter Inc., Becton Dickinson and Company, Biomerieux SA, Danaher Corporation, Global Scientific Company, Haemonetics Corporation, Sigma Laborzentrifugen GmbH, SARSTEDT AG & Co K, Roche Holdings AG, Beurer GmbH, Cardinal Health Inc., Fresenius Kabi AG, Lmb Technologie GmbH, Fenwal Inc., Kawasumi Laboratories Inc., F. Hoffmann-La Roche Ltd, Thermo Fisher Scientific Inc., Poly Medicure Ltd, Medtronic plc., Nipro Corporation, Sekisui Chemical Co Ltd, Greiner Bio-One International GmbH

Technological Evolution In Blood Processing Devices And Consumables
Technological advancements are widespread in the blood processing devices and consumables market. Major companies operating in the blood processing devices and consumables segment are focused on technological advancements that have enabled the development of more advanced and sophisticated devices and consumables designed to improve the safety and efficiency of blood processing and transfusion. For instance, in April 2021, EryPharm, a France based biotechnology company launched a medical device product to mass-produce cultured red blood cells and develop new sourcing for blood transfusions, improving the quality of life of multi-transfused patients with hereditary or acquired diseases of the red blood cells.

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Key Segments -

The blood processing devices and consumables market covered in this report is segmented -

1) By Product Type: Devices, Consumables
2) By Devices: Blood Bank Freezers, Blood Grouping Analyzers, Blood Warmer, Blood Cell Processers, Other Devices
3) By Consumables: Blood Bags, Blood Lancets, Vials, Blood Administration Sets, Other Consumables
4) By End User: Hospitals, Diagnostic Centers, Clinics, Academic Institutes, Blood Banks

Key highlights covered in the report -

1. Detailed market size forecast and historical data analysis
2. Key drivers influencing market growth
3. Identification of upcoming trends and potential opportunities in the market
4. Analysis of major players strategies, to understand competitive dynamics and market positioning
5. Evaluation of regional dynamics

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