United States Artificial Blood Market Poised to Redefine the Future of Transfusions | Top Companies - Hemarina, KaloCyte, Inc., SpheriTech Limited, and Hemoglobin Oxygen Therapeutics LLC.

Market Size and Growth

According to the DataM Intelligence: The US artificial blood market size was valued as US$ 1,454.77 million in 2024 and is expected to reach US$ 3091.99 million by 2033, growing at a CAGR of 8.7% during the forecast period 2025-2033.

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Key Development:

✅ In July 2025, Tens of thousands of Americans die each year before they can reach a hospital due to the inability of ambulances, medical helicopters, and military medics to carry blood. Scientists developed artificial blood that can be stored in powdered form and reconstituted by medics on the spot to save lives. At the University of Maryland School of Medicine, a special intensive care unit is being created for rabbit resuscitation, as a white rabbit is used in the research.

✅ In March 2025, A Penn State led multi-institutional team received a $2.7 million grant from the NIH's National Heart, Lung, and Blood Institute to create a synthetic blood substitute ("Nano-RBC") that mimics red blood cell shape and function. The aim is a freeze-dried, stable product that delivers oxygen and could be used in rural or battlefield settings.

Key Players:

=> The top companies in US artificial blood market includes HbO2 Therapeutics (Hemoglobin Oxygen Therapeutics LLC), KaloCyte, Inc, NuvOx Therapeutics, Prolong Pharmaceuticals, OXYVITA, Inc. and among others.

Growth Forecast Projected:

The Artificial Blood Market is anticipated to rise at a considerable rate during the forecast period, between 2025 and 2033. In 2024, the market is growing at a steady rate, and with the rising adoption of strategies by key players, the market is expected to rise over the projected horizon.

Research Process:

Both primary and secondary data sources have been used in the Artificial Blood Market research report. During the research process, a wide range of industry-affecting factors are examined, including governmental regulations, market conditions, competitive levels, historical data, market situation, technological advancements, upcoming developments, in related businesses, as well as market volatility, prospects, potential barriers, and challenges.

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Key Segments:

➥ By Product Type: Hemoglobin-based Oxygen Carriers, Perfluorocarbon Emulsion
➥ By Source: Human Hemoglobin, Animal Hemoglobin, Stem Cells, Synthetic Polymers, Microorganisms, Others
➥ By Process: Synthetic Production, Chemical Isolation, Recombinant Biochemical Technology
➥ By Application: Anemia, Organ Transplantation, Injuries & Trauma, Cardiovascular Diseases, Maternal Conditions, Others
➥ By End-User: Hospitals, Clinics, Blood Banks, Research Institutes, Others

Regional Analysis for Artificial Blood Market:

⇥ North America (U.S., Canada, Mexico)

⇥ Europe (U.K., Italy, Germany, Russia, France, Spain, The Netherlands and Rest of Europe)

⇥ Asia-Pacific (India, Japan, China, South Korea, Australia, Indonesia Rest of Asia Pacific)

⇥ South America (Colombia, Brazil, Argentina, Rest of South America)

⇥ Middle East & Africa (Saudi Arabia, U.A.E., South Africa, Rest of Middle East & Africa)

Benefits of the Report:

Chapter 1: Sets the stage by outlining the report's coverage, summarizing key market segments by region, product type, and application. Presents a snapshot of market sizes, growth potential across segments, and anticipated industry evolution both short and long term.

Chapter 2: Highlights pivotal market insights and uncovers the most significant emerging trends driving change within the industry.

Chapter 3: Offers an in-depth look at the competitive landscape among Artificial Blood producers, including revenue shares, strategic moves, and recent mergers and acquisitions.

Chapter 4: Presents comprehensive profiles of the market's key players, delving into details such as revenue, profit margins, product portfolios, and company milestones.

Chapters 5 & 6: Analyze Artificial Blood revenue at both regional and country levels, providing quantitative breakdowns of market sizes, growth opportunities, and development prospects worldwide.

Chapter 7: Focuses on different market segments by type, examining their individual sizes and potential, guiding readers toward high-impact, untapped market areas.

Chapter 8: Explores segmentation by application, evaluating industry growth potential in various downstream markets and pinpointing promising sectors for expansion.

Chapter 9: Provides a thorough review of the industry's supply chain mapping out both upstream and downstream activities.

Chapter 10: Concludes with a summary of the report's key findings and highlights the most critical takeaways for industry stakeholders.

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FAQ

What is the current size of the Artificial Blood Market?

A: In 2024, the Artificial Blood Market was valued at US$ 1,454.77 million, reflecting its strong industry presence.

Q2: How large is the Artificial Blood Market expected to be by 2033?

A: By 2033, industry forecasts suggest the Artificial Blood Market will grow to around US$ 3091.99 million , demonstrating significant expansion.

Q3: What is the growth rate of the Artificial Blood Market?

A: The market is projected to expand at a compound annual growth rate (CAGR) of 8.7% during the forecast period from 2025 to 2033.

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Author: Gundreddy Gopinadh is a healthcare research analyst with over a decade of experience in medical devices, pharmaceuticals, biotechnology, and in-vitro diagnostics (IVD). He specializes in delivering actionable insights through custom market research projects, helping organizations analyze trends, assess competitive landscapes, and uncover growth opportunities. His expertise has guided healthcare companies in product development, strategic planning, and market expansion, positioning him as a trusted contributor to data-driven innovation in the global healthcare industry.

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