Press release
Global Blood Preparation Market: Surge Towards $66.59 Billion With 6.8% CAGR By 2029 Driven By Rising Demand for Blood Components and Technological Innovations
Global Blood Preparation Market
The Blood Preparation Market enters an era of impressive growth with an increasing prevalence of blood disorders, blood safety awareness, and evolving therapeutic approaches.
What Is The Projected Market Size Of The Global Blood Preparation Market And Its Growth Rate?
The Blood Preparation Market has been burgeoning over recent years and holds tremendous potential for future expansion.
• The market size escalated from $48.03 billion in 2024 to $51.28 billion in 2025, recording a CAGR of 6.7%.
• The future projects significant growth to $66.59 billion in 2029 with a CAGR of 6.8%.
These growth trends can be attributed to a rise in blood transfusion procedures, global initiatives for blood donation, government regulations, and a surging demand for blood components.
What Is Driving The Growth In The Blood Preparation Market?
The upswing in the Blood Preparation Market can be largely ascribed to the escalating numbers of blood donations worldwide. Blood donations, instrumental in making life-saving blood transfusions possible, provide a lifeline for patients undergoing surgeries, cancer treatments, and suffering from chronic diseases. According to the Red Cross Blood, approximately 6.8 million people donated blood in 2023, resulting in the collection of around 13.6 million units of whole blood and red blood cells annually. Consequently, the increase in blood donations is propelling the growth of the Blood Preparation Market.
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Who Are the Key Players Driving Blood Preparation Market Growth?
Key players making substantial contributions to the Blood Preparation Market growth include:
• AstraZeneca PLC
• Sanofi
• LEO Pharma A/S
• Bristol-Myers Squibb Company
• Baxter International Inc
• Pfizer Inc
• Portola Pharmaceuticals Inc
• GlaxoSmithKline PLC
• Bayer AG
• Boehringer Ingelheim
• Celgene Corp
• And many more
What Are The Key Trends In The Blood Preparation Market?
Key trends enhancing the Blood Preparation Market growth include:
• Automation and integration of blood processing systems.
• Increasing demand for pathogen-reduced blood components.
• Customization and personalization in blood components.
• Growing focus on platelet-rich plasma (PRP) and platelet-rich fibrin (PRF).
• Compliance with regulatory and stringent quality standards.
What Are The Segments Of The Global Blood Preparation Market?
Segments of the Blood Preparation Market include:
1) By Product: Whole Blood, Blood Components, Blood Derivatives
2) By Antithrombotic And Anticoagulants Type: Platelet Aggregation Inhibitors, Fibrinolytics, Anticoagulants
3) By Application: Transfusion, Diagnostics, Research
4) By End User: Hospitals, Clinics, Blood Banks
Which Region Leads The Blood Preparation Market?
North America was the largest region in the Blood Preparation Market in 2024. Asia-Pacific is projected to be the fastest-growing region during the forecast period, with the market expanding across Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, and Africa.
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What Is Covered In The Blood Preparation Market Global Market Report?
- Market Size Analysis: Analyze the Blood Preparation Market size by key regions, countries, product types, and applications.
- Market Segmentation Analysis: Identify various subsegments within the Blood Preparation Market for effective categorization.
- Key Player Focus: Focus on key players to define their market value, share, and competitive landscape.
- Growth Trends Analysis: Examine individual growth trends and prospects in the Market.
- Market Contribution: Evaluate contributions of different segments to the overall Blood Preparation Market growth.
- Growth Drivers: Detail key factors influencing market growth, including opportunities and drivers.
- Industry Challenges: Analyze challenges and risks affecting the Blood Preparation Market.
- Competitive Developments: Analyze competitive developments, such as expansions, agreements, and new product launches in the market.
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