Blood Processing Devices And Consumables Market Expansion Continues, with Forecast Valuation of $75.15 Billion by 2029

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Blood Processing Devices And Consumables Market Size Valuation Forecast: What Will the Market Be Worth by 2025?
In the last few years, the blood processing devices and consumables market has experienced significant growth. From 2024's market size of $47.8 billion, it is expected to increase to $51.62 billion in 2025, reflecting a compound annual growth rate (CAGR) of 8.0%. The previous growth in this sector can be credited to various factors including a rise in blood donations, advancements in transfusion medicine, an increased presence of blood disorders, international efforts towards safe blood transfusion, and an uptick in surgical procedures.

Blood Processing Devices And Consumables Market Size Forecast: What's the Projected Valuation by 2029?
The market for blood processing devices and consumables is projected to experience substantial growth in the coming years, with its worth expected to reach "$75.15 billion by 2029 at a compound annual growth rate (CAGR) of 9.8%. The predicted expansion over the forecast period is largely due to increased demand from developing economies, a growing aged population, advancements in point-of-care blood processing, a heightened emphasis on autologous blood transfusions, the need for apheresis procedures, and partnerships for research and development. The forecast period will likely see key trends such as integration of technology for data management, technological advancements in blood processing, the incorporation of automation and robotics, improvements in apheresis technology, and an upsurge in point-of-care blood processing.

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What Are the Drivers Transforming the Blood Processing Devices And Consumables Market?
The blood processing devices and consumables market is likely to thrive in response to an increase in infectious diseases. These diseases, which can be transmitted from one person to another or from animals to humans, are attributable to microorganisms such as bacteria, viruses, fungi, or parasites. Several factors like urbanization, globalization, climate change, extensive travelling, and antibiotic resistance are key contributors to the heightened occurrence of these diseases. They foster the propagation of pathogens and make the population more susceptible to infections. The pivotal role of blood processing devices and consumables in managing the growth in infectious diseases is realized through secure blood transfusions and efficient diagnostics. These apparatuses aid in the detection of infectious components in blood, thereby reducing the likelihood of transmission during medical procedures and enhancing the safety of patients. For instance, as outlined by the Centers for Disease Control and Prevention, a government agency based in the US, in March 2024, the incidence of tuberculosis surged from 8,320 in 2022 to 9,615 in 2023, an increase of 1,295 cases. Hence, the anticipated surge in infectious diseases is likely to propel the blood processing devices and consumables market.

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What Long-Term Trends Will Define the Future of the Blood Processing Devices And Consumables Market?
Leading firms in the segment of blood processing devices and consumables are directing their efforts towards the development of technologically advanced products like blood collection devices to improve efficiency. Blood collection devices are specially designed medical instruments for collecting blood samples for diagnosis, transfusions, or research purposes. For example, in May 2024, Becton, dic*kinson, and Company, a medical technology enterprise based in the US, introduced UltraTouch, specifically developed to simplify the blood sample collection process and reduce patient discomfort. The device's advanced technology enables speedy and effective venipuncture, ensuring the accuracy of sample collection. Its user-friendly and ergonomic design makes it suitable for healthcare professionals in diverse settings such as hospitals, clinics, and labs. The device is particularly beneficial for patients who feel anxious during blood draws as its innovative design lessens pain and enhances patient experience. Additionally, it is equipped with safety features to minimize the chance of needle-stick injuries, making it a popular choice in modern medical practice.

Which Segments in the Blood Processing Devices And Consumables Market Offer the Most Profit Potential?
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 Firms Dominate the Blood Processing Devices And Consumables Market by Market Share and Revenue in 2025?
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 dic*kinson 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

Which Regions Offer the Highest Growth Potential in 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

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