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Blood Preparation Market Size Forecasted To Achieve $66.59 Billion By 2029 With Steady Growth
Blood Preparation
What Is the Blood Preparation Market Size and Projected Growth Rate?
The Blood Preparation Market Report by The Business Research Company delivers a detailed market assessment, covering size projections from 2025 to 2034. This report explores crucial market trends, major drivers and market segmentation by [key segment categories].
What Is the Blood Preparation Market Size and Projected Growth Rate?
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What Are the Major Segments in the Blood Preparation Market?
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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What Are The Driving Blood Preparation Market Evolution?
The blood preparation market is expected to experience an upswing due to a surge in blood donations around the globe. Blood donation - the act of giving blood to aid others - provides a life-saving and life-preserving treatment option in the form of blood transfusion. This procedure is often pivotal for patients undergoing surgeries, battling cancer, suffering from chronic diseases or recovering from grave injuries. It underscores the importance of availability of blood, at all times and places, during the blood preparation process. As per data from the Red Cross Blood, a biotechnology research firm in the U.S., around 6.8 million people are projected to donate blood by 2023 and approximately 13.6 million units of whole blood and red blood cells are expected to be aggregated annually. Consequently, this increase in blood donations is propelling the expansion of the blood preparation market.
Which Firms Dominate The Blood Preparation Market Segments?
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
What Trends Are Expected to Dominate the Blood Preparation Market in the Next 5 Years?
The blood preparation market is experiencing a surge in popularity due to technological innovations. This trend has led to leading companies developing new technologies to maintain market presence. For example, French biotech firm Innobiochips introduced an advanced blood grouping and testing system called Omnys in June 2024 to optimize blood transfusion procedures' efficacy and accuracy. Utilizing its propriety multiplex techniques, the system offers in-depth testing of various blood components such as ABO/D typing, phenotyping, extended phenotyping, and antibody screening. Omnys combines testing tools, reagents, and consumables into a cohesive system to enhance operational workflow, enabling medical facilities and labs to conduct precise blood testing with less sample volume.
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Which Is The Largest Region 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
Frequently Asked Questions:
1. What Is the Market Size and Growth Rate of the Blood Preparation Market?
2. What is the CAGR expected in the Blood Preparation Market?
3. What Are the Key Innovations Transforming the Blood Preparation Industry?
4. Which Region Is Leading the Blood Preparation Market?
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