2025-2034 Blood And Blood Components Market Roadmap: Insights for Competitive Advantage

Use code ONLINE30 to get 30% off on global market reports and stay ahead of tariff changes, macro trends, and global economic shifts.

Blood And Blood Components Market Size Valuation Forecast: What Will the Market Be Worth by 2025?
In recent times, the blood and blood components market has experienced consistent growth. The market size is projected to progress from $41.36 billion in 2024 to $43.2 billion in 2025, indicating a compound annual growth rate (CAGR) of 4.5%. The past growth can be credited to the rising cases of trauma and road accidents, the growth of the aging population, improved income levels and living standards, escalated healthcare expenditure, along with heightened consciousness about blood donation.

Blood And Blood Components Market Size Forecast: What's the Projected Valuation by 2029?
Predictions indicate that the blood and blood components market will witness significant growth in the upcoming years, and is projected to reach a value of $53.56 billion in 2029, with a compound annual growth rate (CAGR) of 5.5%. The expected growth during this forecast period could be a result of several factors such as a rise in chronic illnesses, governmental initiatives, and a growing demand for whole blood. Key trends predicted during this period involve partnerships with other industry players, introduction of innovative products, emphasis on research and development activities, use IoT-based products to prevent blood and blood component contamination, and a focus on blood transfusion management.

View the full report here:
https://www.thebusinessresearchcompany.com/report/blood-and-blood-components-global-market-report

What Are the Drivers Transforming the Blood And Blood Components Market?
The surge of trauma occurrences and road accidents are significantly contributing to the growth of the blood and blood components market. Traumatic conditions such as hemorrhage can lead to a drastic reduction of blood in the body, a volume which the body cannot replenish quickly enough. Furthermore, road mishaps can result in substantial blood loss that needs immediate replenishment. These circumstances necessitate the transfusion of blood and its components into the affected person's system. To illustrate, data from the Transport Accident Commission, an Australian government agency, revealed that in 2023, Victorian roads witnessed the loss of 295 lives, reflecting a rise of 22.4% (54 more fatalities) in comparison to 2022. In addition to this, fatal accidents increased by 22 (9%), from the 239 documented in the preceding year, totaling 261. The mounting prevalence of diseases coupled with an increase in road accidents and traumas, is heightening the demand for blood, thereby stimulating market growth.

Get your free sample here:
https://www.thebusinessresearchcompany.com/sample.aspx?id=2573&type=smp

What Long-Term Trends Will Define the Future of the Blood And Blood Components Market?
The blood and blood components market has predominantly seen an increasing trend in collaborations among the market's key players. This approach of forming alliances and partnerships is being adopted by companies to broaden their scope, boost their customer base, and create market awareness. For instance, the American Red Cross formed a partnership with HealthStream to launch a novel program for healthcare institutions. Similarly, the Blood Center of Wisconsin teamed up with SysLogic Inc., to explore the potential of RFID technology in improving patient safety during the collection and transfusion of blood products.

Which Segments in the Blood And Blood Components Market Offer the Most Profit Potential?
The blood and blood components market covered in this report is segmented -

1) By Product: Whole Blood, Blood Components
2) By Blood Components: Red Blood Cells, Platelets, Plasma, White Blood Cells
3) By End-User: Hospitals, Ambulatory Surgical Centers, Others
4) By Application: Anemia, Trauma and Surgery, Cancer Treatment, Bleeding Disorders

Subsegments:
1) By Whole Blood: Donor Whole Blood, Autologous Whole Blood
2) By Blood Components: Red Blood Cells (RBCs), Platelets, Plasma, White Blood Cells (WBCs)

Tailor your insights and customize the full report here:
https://www.thebusinessresearchcompany.com/customise?id=2573&type=smp

Which Firms Dominate the Blood And Blood Components Market by Market Share and Revenue in 2025?
Major companies operating in the blood and blood components market include American Red Cross, The Japanese Red Cross Society, Canadian Blood Services, Australian Red Cross, and Vitalant, SANQUIN BLOOD SUPPLY FOUNDATION, New York Blood Center, Blood Bank of Alaska, Blood Centers of America, Xinjiang Deyuan Bioengineering, Harbin Pacific Biopharmaceutical, Southern Shuanglin Bio-Pharmacy, Beijing Tiantan Biological Products, Shanghai RAAS Blood Products, China Biologic Products, Hualan Biological Engineering, Biotest AG, Lorne Laboratories UK, LMB Germany, Bio Products Laboratory Ltd, Clinical Trials Laboratory Services (CTLS), Roche, Hemanext Inc, Kedrion Biopharma, KalVista Pharmaceuticals, Personal Genome, Cellphire, Inc., Immuno-Mycologics INC, CSL Behring, Nordson Corporation, Octapharma Canada Inc., Abbott Laboratories, Grifols, Nipro Medical Corporation, Becton, Dickinson and Company

Which Regions Offer the Highest Growth Potential in the Blood And Blood Components Market?
North America was the largest region in the blood and blood components market in 2024. Western Europe was the second largest region in the global blood and blood components market analysis. The regions covered in the blood and blood components market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa

Purchase the full report today:
https://www.thebusinessresearchcompany.com/purchaseoptions.aspx?id=2573

This Report Supports:
1. Business Leaders & Investors - To identify growth opportunities, assess risks, and guide strategic decisions.
2. Manufacturers & Suppliers - To understand market trends, customer demand, and competitive positioning.
3. Policy Makers & Regulators - To track industry developments and align regulatory frameworks.
4. Consultants & Analysts - To support market entry, expansion strategies, and client advisory work.

Connect with us on:
LinkedIn: https://in.linkedin.com/company/the-business-research-company,
Twitter: https://twitter.com/tbrc_info,
YouTube: https://www.youtube.com/channel/UC24_fI0rV8cR5DxlCpgmyFQ.

Contact Us
Europe: +44 7882 955267,
Asia: +91 88972 63534,
Americas: +1 310-496-7795 or
Email: mailto:info@tbrc.info

Learn More About The Business Research Company
With over 15,000+ reports from 27 industries covering 60+ geographies, The Business Research Company has built a reputation for offering comprehensive, data-rich research and insights. Our flagship product, the Global Market Model delivers comprehensive and updated forecasts to support informed decision-making.

This release was published on openPR.