Global Blood Preparation Market Outlook to Reach $66.59 Billion by 2029, Growing at 7% CAGR

What market dynamics are playing a key role in accelerating the growth of the blood preparation market?
The surge in global blood donations is anticipated to propel the growth of the blood preparation market in the future. Blood donation, a process that involves donating blood to save other people's lives, facilitates blood transfusion as a life-supporting and life-saving remedy. This procedure becomes a necessity for patients undergoing surgeries, facing cancer therapies, long-term diseases, and devastating injuries. In the course of blood preparation, it allows transfusion, ensuring the constant availability of blood whenever and wherever needed. For instance, data from Red Cross Blood, a USA-based biotech research firm, shows that in 2023, about 6.8 million people would be donating blood, with nearly 13.6 million units of whole blood and red blood cells collected each year. Consequently, this increase in blood donations is spearheading the expansion of the blood preparation market.

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How will the growth rate of the blood preparation market shape industry trends by 2034?
The size of the blood preparation market has seen substantial growth in the past few years. The growth trajectory is expected to continue upwards, transitioning from a valuation of $48.03 billion in 2024 to $51.28 billion in 2025, marking a compound annual growth rate (CAGR) of 6.7%. The surge seen in the past can be credited to factors such as an increase in blood transfusion procedures, the growing prevalence of blood-related illnesses, heightened awareness regarding blood safety, worldwide initiatives promoting blood donation, and government rules and standards.

The market size for blood preparation is anticipated to experience solid growth in the coming years, escalating to "$66.59 billion in 2029 with a 6.8% compound annual growth rate (CAGR). The progression in the anticipated period can be credited to the increasing requirement for blood components, bespoke medicinal tactics, innovative therapies, and applications, as well as global improvements in healthcare facilities. The prediction period will be marked by trends such as the automation and interconnection of blood processing systems, the need for pathogen-reduced blood parts, customization and personalization of blood components, a concentration on platelet-rich plasma (PRP) and platelet-rich fibrin (PRF), along with regulatory adherence and rigid quality benchmarks.

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What trends are poised to drive the future success of the blood preparation market?
The blood preparation market is increasingly influenced by technological breakthroughs, which is a notable trend. Many major businesses within this industry are prioritizing the creation of novel technological therapies to maintain their market supremacy. For example, Innobiochips, a biotechnology firm based in France, introduced Omnys in June 2024. This sophisticated blood grouping and testing solution, designed to vastly enhance the accuracy and speed of blood transfusion procedures. It utilizes patented multiplex technologies to facilitate high-definition testing of blood elements, such as ABO/D typing, phenotyping, extended phenotyping, and antibody screening. This system unifies testing devices, reagents, and consumable supplies, helping to simplify procedures. As a result, healthcare establishments and laboratories can conduct precise blood assessments while using minimal sample quantities.

Which primary segments of the blood preparation market are driving growth and industry transformations?
The blood preparation market covered in this report is segmented -

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, Other End-Users

Subsegments:
1) By Whole Blood: Fresh Whole Blood, Stored Whole Blood
2) By Blood Components: Red Blood Cells (RBC), Platelets, Plasma, White Blood Cells (WBC)
3) By Blood Derivatives: Immunoglobulins, Coagulation Factors, Albumin, Fibrinogen

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

Who are the influential players reshaping the blood preparation market landscape?
Major companies operating in the blood preparation market 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, Shandong East Chemical Industry Co., Xiamen Hisunny Chemical Co. LTD, Merck & Co., Amgen Inc., Takeda Pharmaceutical Company Limited, Novartis AG, Johnson & Johnson, Gilead Sciences Inc., Regeneron Pharmaceuticals Inc., AbbVie Inc., Roche Holding AG, CSL Behring, BioMarin Pharmaceutical Inc., Genentech Inc., Sandoz International GmbH, Medtronic plc, Fresenius Kabi AG, Grifols S.A., HemaCare Corporation, Terumo Corporation

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What Is Covered In The Blood Preparation Global Market Report?

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

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