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Blood Bank Global Market Analysis, Trends, Growth, Research And Forecast 2033
Blood Bank Global Market
As per the report, the blood bank market size has grown strongly in recent years. It will grow from $16.91 billion in 2023 to $17.98 billion in 2024 at a compound annual growth rate (CAGR) of 6.3%. The blood bank market size is expected to see strong growth in the next few years. It will grow to $23.17 billion in 2028 at a compound annual growth rate (CAGR) of 6.5%.
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Accelerating Demand With Increasing Accidents Fuel Growth In The Blood Bank Market
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 rising number of accidents frequently increases the need for immediate blood transfusions to treat injuries, replace blood loss, and maintain adequate circulation caused by accidents. For instance, in June 2022, according to an article published by the World Health Organization (WHO), a Switzerland-based international public health agency responsible for public health efforts, road traffic crashes caused approximately 1.3 million deaths, and non-fatal injuries accounted for 20 to 50 million people. Furthermore, more than 90 percent of road traffic fatalities occur in low- and middle-income countries. Therefore, the rising number of accidents will drive the blood bank market.
Technological Advancements Transforming The Blood Bank Industry
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. For instance, in January 2023, Abbott Laboratories, US-based multinational medical devices, and health care company partnered with Blood Centers of America, a US- based independent blood center, and launched a mixed reality application integrated with Abbott technology. The new consumer-focused application is used during blood donation. The digital experience is intended to improve the blood donation process, attract new donors, and inspire a younger generation to donate blood.
The blood bank market covered in this report 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
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Major companies operating in the blood bank market report are American Association of Blood Banks, 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, Shire Plc, Abbott, Beckman Coulter Inc., Polymedicure, Thermo Fisher Scientific Inc., Becton Dickinson and Company, Bio-Rad Laboratories Inc., F. Hoffman La Roche, Siemens Healthcare Private Limited, BioMérieux, CSL Behring, Takeda, Octapharma, Kedrion, Macopharma, Fresenius Kabi AG, B. Braun Melsungen AG, Grifols SA, Hologic Inc., Ortho Clinical Diagnostics, Merck KGaA, Roche Diagnostics, Quotient Limited .
Contents of the report:
1. Executive Summary
2. Blood Bank Market Report Structure
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 Competitor Landscape And Company Profiles
28. Key Mergers And Acquisitions
29. Future Outlook and Potential Analysis
30. Appendix
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