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Blood Transfusion Devices Market was valued at $6.4 billion in 2024 and is projected to reach $13 billion by 2034, growing at a 6.8% CAGR from 2025 to 2034
Blood Transfusion Devices Market
According to industry research, the global blood transfusion devices market was valued at $6.4 billion in 2024. The market is anticipated to grow at a compound annual growth rate (CAGR) of 6.8% from 2025 to 2034, reaching an estimated $13 billion. This growth is driven by increasing demand for blood transfusions, advancements in transfusion technology, and rising investments in healthcare infrastructure worldwide.
📌 Market Size (2024): $6.4 billion
📌 Projected Growth: 6.8% CAGR (2025-2034)
📈 Estimated Market Size (2034): $13 billion
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The global Blood Transfusion Devices market study meticulously analyses the profiles of major supplier companies, revealing insights derived from extensive research efforts. Analysts attribute this thorough documentation to high-quality research and the synthesis of evaluations across various critical factors that are increasingly driving the expansion of the global Blood Transfusion Devices market. The research categorizes leading international manufacturers based on their sales, revenue, and, where applicable, pricing strategies. The primary objective is to deliver both qualitative and quantitative insights into the market across different geographical regions and countries.
The implementation of stringent lockdown measures to combat the COVID-19 pandemic has significantly affected supply and demand dynamics, impacting numerous businesses worldwide. Beyond the volatility of short-term market profits, it is expected that certain sectors will face considerable challenges even after the economy recovers from the pandemic. Essentially, almost all businesses across various industries have updated their financial strategies to ensure profitability in the coming years.
Additionally, the study assesses regional growth rates, market size, expenditure data, and profitability analyses. A comprehensive analysis of competitive dynamics is provided to offer a meaningful competitive edge. Geographic research has been conducted based on market share, growth projections, and key countries. A few major corporations dominate a substantial portion of this market. Competition within the global Blood Transfusion Devices industry is escalating as leading companies strive to outperform one another. The report includes detailed revenue analyses, employed methodologies, product specifications, and profiles of key market players.
To achieve better outcomes, significant market strategies are evaluated from both technological and commercial perspectives. Furthermore, consumers can benefit from in-depth market research by gaining a better understanding of the analysis and accessing relevant data. The study presents readers with a comprehensive overview of the industry, aiding them in grasping the competitive landscape of the international Blood Transfusion Devices market.
Report Highlights:
• Identifies multiple profitable opportunities for major industry participants.
• Provides clients with quantifiable data regarding the current market status.
• Includes strategic business plans of key market competitors.
• Offers a detailed investigation of the target market, emphasizing factors such as drivers, opportunities, and threats.
• Equips stakeholders with information to make informed investment decisions.
• Presents a market synopsis, including primary drivers and risk factors.
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Why Acquire This Report:
• The global Blood Transfusion Devices market research study delivers insightful information on the number of significant companies operating internationally.
• It encompasses company financials, technological advancements, supply chain/value chain trends, and major innovations and developments.
• The report outlines details on mergers, acquisitions, joint ventures, key focus areas, investments, and market presence.
• Provides essential information about the target market's revenue, growth rates, and industry share, along with insights into current driving forces, macro trends, and constraints.
Blood Transfusion Devices Market Competitive Landscape:
The Global Blood Transfusion Devices market is driven by essential participants such as producers, vendors, and distributors who focus on advancing and refining the technology of these devices. Their ongoing innovations promote safety and effectiveness during blood transfusions. By working together with healthcare professionals, they elevate patient care and optimize transfusion protocols.
Prominent entities in the Blood Transfusion Devices Market comprise Terumo Corporation, Fresenius Kabi AG, B. Braun Melsungen AG, Grifols S.A., Haemonetics Corporation, Roche Holding AG, Johnson & Johnson, Kaneka Corporation, Siemens Healthineers, and Cerus Corporation, alongside JCMR and Abbott Laboratories. Other significant firms include Stryker Corporation, Medtronic PLC, Asahi Kasei Corporation, and 3M Company. Furthermore, contributions to the industry can be seen from Omega Laboratories, BloodCenter of Wisconsin, and GBO - Gesellschaft für Bluttransfusion mbH.
Latest Trends and Innovation in the Global Blood Transfusion Devices Market:
• In January 2023, Terumo BCT announced the launch of its new automated blood collection device, the TEG 6S, designed to enhance workflow efficiency and improve patient outcomes in blood transfusion practices.
• In February 2023, Fresenius Kabi acquired the medical technology company, PDC*line Pharma. This acquisition was aimed at enhancing its product offerings in blood transfusion and expanding its presence in the bioprocessing market.
• In March 2023, Haemonetics Corporation received FDA clearance for its new automated blood donor screening system, which integrates advanced software technologies to streamline the donor screening process and improve safety.
• In June 2023, Grifols announced a strategic partnership with the University of California, San Diego, aimed at researching innovative plasma-derived therapies and improving blood transfusion practices through advanced biotechnological approaches.
• In September 2023, Abbott launched its new blood donation technology platform that utilizes artificial intelligence to optimize blood screening processes, ensuring faster and more accurate testing results for transfusions.
• In October 2023, BioLife Sciences expanded its product line by introducing a range of next-generation blood storage solutions, enhancing shelf life and safety for stored blood products used in transfusions.
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Segments of the Blood Transfusion Devices Market
By Product
• Autotransfusion
• Systems
• Consumables & Accessories
By Application
• Cardiovascular Surgeries
• Orthopedic Surgeries
• Neurological Surgeries
• Obstetrics & Gynecological Surgeries
• Others
By End User
• Hospitals
• Specialty Clinics
• Others
Regional Overview
• North America
• Europe
• Asia Pacific
• Middle East and Africa
• Latin America
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Adroit Market Research is an India-based business analytics and consulting company. Our target audience is a wide range of corporations, manufacturing companies, product/technology development institutions and industry associations that require understanding of a markets size, key trends, participants and future outlook of an industry. We intend to become our clients knowledge partner and provide them with valuable market insights to help create opportunities that increase their revenues. We follow a code- Explore, Learn and Transform. At our core, we are curious people who love to identify and understand industry patterns, create an insightful study around our findings and churn out money-making roadmaps.
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