Global Blood Processing Devices And Consumables Market Projected to Surpass $75.15 Billion by 2029 with 10% Annual Growth

What combination of drivers is leading to accelerated growth in the blood processing devices and consumables market?
The increasing presence of infectious diseases is expected to propel the market for blood processing devices and consumables. Infections caused by microorganisms such as bacteria, viruses, fungi, or parasites, which can transmit from person to person or from animals to humans, are termed as infectious diseases. The surge in these diseases could be attributed to factors like urbanization, globalization, variations in climate, heightened travel and resistance to antibiotics. These aspects add to the dispersion of microorganisms and increase susceptibility to infections in populations. Blood processing devices and consumables have a significant role in dealing with the mounting incidence of infectious diseases by assuring secure blood transfusions and effective diagnoses. These tools aid in examining blood for infectious microorganisms, thus reducing the risk of their transmission during medical practices and enhancing patient safety. For example, in March 2024, the Centers for Disease Control and Prevention, a government agency in the US, revealed an increase in tuberculosis cases from 8,320 in 2022 to 9,615 in 2023, indicating an increase by 1,295 cases. Consequently, the escalating prevalence of infectious diseases is set to steer the blood processing devices and consumables market's growth.

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What is the projected compound annual growth rate (CAGR) of the blood processing devices and consumables market from 2025 to 2034, and what factors influence it?
The market for blood processing devices and consumables has seen robust growth recently. The market size is predicted to expand from $47.8 billion in 2024 to $51.62 billion in 2025, with a compound annual growth rate (CAGR) of 8.0%. Factors contributing to this growth during the historic period include higher blood donation rates, advancements in transfusion medicine, the increasing prevalence of blood disorders, worldwide efforts to ensure safe blood transfusion, and an increase in surgical procedures.

The market for blood processing devices and consumables is predicted to experience robust expansion in the coming years, projected to reach $75.15 billion by 2029, with a compound annual growth rate (CAGR) of 9.8%. This projected expansion during the forecast period can be credited to growing demand in developing economies, an aging population, the advent of point-of-care blood processing, increased focus on self-blood transfusions, the need for apheresis procedures, and partnerships for R&D. Key trends expected during this period encompass data management integration, innovative advancements in blood processing technology, the inclusion of automation and robotics, improvements in apheresis technology, and the rise of point-of-care blood processing.

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How are the latest trends influencing the growth of the blood processing devices and consumables market?
Leading corporations in the blood processing gadgets and consumables sector are focusing on enhancing their product efficiency by advancing technology, for instance, blood collection devices. These devices, used for acquiring blood samples for diagnosis, transfusions, and research, are enhancing due to technological advancements. As an example, in May 2024, Becton, Dickinson, and Company, a medical technology firm based in the US, released the UltraTouch. This device is structured for easy blood sample acquisition and lessens patient discomfort, leveraging advanced technology for swift and effective venipuncture and ensuring high precision in sample accumulation. It's assembled with an easy-to-use interface and ergonomic characteristics, fitting for various health environments such as hospitals, clinics, and labs. Additionally, the UltraTouch device is particularly beneficial to patients who feel anxious during blood collection, as its progressive design alleviates pain and enhances their experience. It also comprises safety characteristics to lessen the likelihood of needle-stick injuries, making it a preferred option in modern medical settings.

What are the major segments of the blood processing devices and consumables market and their role in driving growth?
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

Subsegments:
1) By Devices: Blood Collection Devices, Blood Separation Devices, Blood Transfusion Devices, Blood Storage Devices, Automated Blood Processing Systems
2) By Consumables: Blood Collection Tubes, Blood Filters, Blood Bags, Reagents And Chemicals, Anticoagulants, Blood Processing Kits

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Which regions are key players in the growth of the blood processing devices and consumables market?
North America was the largest region in the blood processing devices and consumables market in 2024.Asia-Pacific is expected to be the fastest-growing region in the global blood processing devices and consumables market report during the forecast period. The regions covered in the blood processing devices and consumables market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa

Who are the key firms paving the way for growth in the blood processing devices and consumables market?
Major companies operating in the blood processing devices and consumables market include 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

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What Is Covered In The Blood Processing Devices And Consumables Global Market Report?

• Market Size Forecast: Examine the blood processing devices and consumables market size across key regions, countries, product categories, and applications.
• Segmentation Insights: Identify and classify subsegments within the blood processing devices and consumables market for a structured understanding.
• Key Players Overview: Analyze major players in the blood processing devices and consumables market, including their market value, share, and competitive positioning.
• Growth Trends Exploration: Assess individual growth patterns and future opportunities in the blood processing devices and consumables market.
• Segment Contributions: Evaluate how different segments drive overall growth in the blood processing devices and consumables market.
• Growth Factors: Highlight key drivers and opportunities influencing the expansion of the blood processing devices and consumables market.
• Industry Challenges: Identify potential risks and obstacles affecting the blood processing devices and consumables market.
• Competitive Landscape: Review strategic developments in the blood processing devices and consumables market, including expansions, agreements, and new product launches.

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