Rising Disease Prevalence And Accident Rates Drive Demand: A Key Catalyst Accelerating Global Blood And Blood Components Market Growth in 2025

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Blood And Blood Components Market Size Valuation Forecast: What Will the Market Be Worth by 2025?
The valuation of the market encompassing blood and its derivatives has demonstrated consistent upward movement throughout the past few years, projected to advance from $41.36 billion in 2024 to $43 billion by 2025, reflecting a compound annual growth rate of 4.0%; this growth trend observed during the historical timeframe is essentially driven by a proliferation in instances of traumatic injuries and vehicular accidents, an expanding demographic of older individuals, elevated disposable incomes alongside improved living standards, greater outlays on medical services, and a heightened consciousness regarding the importance of donating blood.

Blood And Blood Components Market Size Forecast: What's the Projected Valuation by 2029?
Projections indicate a robust expansion for the market catering to blood and its constituent elements in the upcoming years, with the valuation anticipated to reach $52.8 billion by 2029, driven by a compound annual growth rate (CAGR) of 5.3%. This upward trajectory throughout the projected timeframe stems from several factors, notably the rising prevalence of long-term illnesses, supportive efforts from governmental bodies, and a growing requirement for unprocessed, whole blood; concurrently, key developments shaping this market include a heightened emphasis on synergistic partnerships with industry peers, the introduction of novel offerings, intensified investment in research and development endeavors, the incorporation of Internet of Things technology in products to prevent the spoilage of blood and its derivatives, and a concentrated effort on optimizing blood transfusion practices.

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What Are the Drivers Transforming the Blood And Blood Components Market?
Heightened frequency of accidents and injuries is propelling growth in the blood and blood components sector. Significant blood volume depletion resulting from severe trauma, such as massive bleeding, often outpaces the body's ability to naturally replenish it, necessitating external replacement. Furthermore, road incidents frequently result in severe blood loss requiring prompt resuscitation measures through transfusion of blood products. Supporting this demand surge, data from the Transport Accident Commission, an Australian governmental body, revealed that in 2023, Victorian roads claimed 295 lives, representing a substantial rise of 22.4 percent, or 54 additional deaths, compared to the figures from 2022, alongside a year-over-year increase in fatal collisions of 9 percent, moving from 239 in 2022 to 261 in the following year. Consequently, the combination of rising disease incidence alongside escalating rates of trauma and traffic accidents is fueling the overall market expansion for blood and its derivatives.

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What Long-Term Trends Will Define the Future of the Blood And Blood Components Market?
A significant development observed within the domain of blood and blood components is the escalating frequency of cooperative arrangements among key industry participants, as organizations actively pursue alliances and joint ventures to broaden their market penetration, augment their clientele, and elevate brand recognition; illustrative of this trend, the American Red Cross joined forces with HealthStream to roll out a novel initiative aimed at healthcare institutions, and concurrently, the Blood Center of Wisconsin entered into a partnership with SysLogic Inc. to investigate the potential of RFID technology in improving patient safety across the blood collection and transfusion processes.

Which Segments in the Blood And Blood Components Market Offer the Most Profit Potential?
The blood and blood componentsmarket 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)

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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, dic*kinson 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

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