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Blood Banking Equipment Market Worth $24.26 Billion by 2032

03-19-2025 08:31 AM CET | Health & Medicine

Press release from: Meticulous Research®

Blood Banking Equipment Market Worth $24.26 Billion by 2032

Meticulous Research®-a leading market research company, published a research report titled, 'Blood Banking Equipment Market by Product (Collection [Tubes, Bags, Syringes], Processing [Centrifuge, Filters, Processor], Storage [Refrigerator, Freezer]), Functionality (Automated, Manual), End User (Hospital, Blood Bank) - Global Forecast to 2032.'

According to this latest publication from Meticulous Research®, the blood banking equipment market is projected to reach $24.26 billion by 2032, at a CAGR of 4.6% from 2025 to 2032. The growth of this market is driven by the rising demand for blood and blood-related products, the increasing number of surgical procedures being performed globally, and technological advancements and automation in blood banking devices. In addition, untapped opportunities in emerging countries and the supportive initiatives to promote blood transfusion offer significant opportunities for the growth of this market.

Download Sample Report: https://www.meticulousresearch.com/download-sample-report/cp_id=5464

The blood banking equipment market is segmented by Product (Blood Collection Equipment [Needles, Tubes, Syringes, Blood Bags, Lancets, IV Cannulas, Vials, and Other Blood Collection Equipment], Blood Processing Equipment [Centrifuges, Blood Filters, Blood Analyzers, Blood Processors, and Other Blood Processing Equipment], Blood Storage Equipment [Blood Bank Refrigerators, Blood Bank Freezers, Test Tube Racks]), Functionality (Automated Blood Banking Equipment, Manual Blood Banking Equipment), End User (Hospitals, Blood Banks [Private, Public, Hybrid]), and Geography (North America, Europe, Asia-Pacific, Latin America, and the Middle East & Africa).

Based on product, in 2025, the blood collection equipment segment is expected to account for the largest share of the blood banking equipment market. The large market share of this segment is attributed to the high demand for blood collection devices such as needles, syringes, tubes, and blood bags due to the growing volume of blood donations collected globally and the high demand for blood components for the treatment of specific diseases.

Based on functionality, in 2025, the automated blood banking equipment segment is projected to register the highest CAGR over the forecast period. The growth of this segment is attributed to the shortage of skilled professionals to handle the growing workloads in blood banks and the growing need for blood & blood products to treat various conditions.

Browse in Depth : https://www.meticulousresearch.com/product/blood-banking-equipment-market-5464

Based on end user, in 2025, the blood banks segment is expected to account for the largest share of the blood banking equipment market. The large market share of this segment is attributed to the rising number of surgeries performed globally and the subsequent increase in demand for blood and blood products from blood banks. Blood banks are the primary source of blood or blood-related products; hence, the demand for collection, processing, and storage equipment is higher in blood banks.

Based on geography, in 2025, Asia-Pacific is expected to register the highest CAGR during the forecast period. The growth of this regional market is attributed to the rising healthcare spending, developing infrastructure for blood banking, growing geriatric population and the subsequent increase in chronic disease prevalence, and growing initiatives promoting blood donations.

Key Players:

The key players profiled in the blood banking equipment market report are Abbott Laboratories (U.S.), F. Hoffman-La Roche Ltd. (Switzerland), Thermo Fisher Scientific Inc. (U.S.), Danaher Corporation (U.S.), Fresenius Kabi AG (Germany), Becton, Dickinson and Company (U.S.), Terumo Corporation (Japan), Bio-Rad Laboratories, Inc. (U.S.), bioMérieux SA (France), HORIBA, Ltd. (Japan), Mindray Bio-Medical Electronics Co, Ltd (U.S.), Sysmex Corporation (Japan), and Hamilton Bonaduz AG (Switzerland).

Buy the Complete Report with an Impressive Discount: https://www.meticulousresearch.com/Checkout/61450295

Key questions answered in the report-

Which are the high-growth market segments in terms of product, functionality, end user, and geography?
What was the historical market size for blood banking equipment across the globe?
What are the market forecasts and estimates for the period 2025-2032?
What are the major drivers, restraints, opportunities, and challenges in the global blood banking equipment market?
Who are the major players in the global blood banking equipment market?
How is the competitive landscape, and who are the market leaders in the global blood banking equipment market?
What are the recent developments in the blood banking equipment market?
What are the different strategies adopted by major players in the blood banking equipment market?
What are the geographic trends and high-growth regions/countries?

Related Reports:

Physiotherapy Equipment Market: https://www.meticulousresearch.com/product/physiotherapy-equipment-and-accessories-market-5457

Blood Glucose Monitoring Devices Market: https://www.meticulousresearch.com/product/blood-glucose-monitoring-devices-market-5470

Latin America Home Healthcare Market : https://www.meticulousresearch.com/product/latin-america-home-healthcare-market-1287

About Us:

We are a trusted research partner for leading businesses worldwide, empowering Fortune 500 organizations and emerging enterprises with actionable market intelligence tailored to drive revenue transformation and strategic growth. Our insights reveal forward-looking revenue opportunities, providing our clients with a competitive edge through a diverse suite of research solutions-syndicated reports, custom research, and direct analyst engagement.

Each year, we conduct over 300 syndicated studies and manage 60+ consulting engagements across eight key industry sectors and 20+ geographic markets. With a focus on solving the complex challenges facing global business leaders, our research enables informed decision-making that propels sustainable growth and operational excellence. We are dedicated to delivering high-impact solutions that transform business performance and fuel innovation in the competitive global marketplace.

Contact Us:
Meticulous Market Research Pvt. Ltd.
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California, 96001, U.S.
Email- sales@meticulousresearch.com
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Visit Our Website: https://www.meticulousresearch.com/
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