Blood Platelets Market Landscape to 2034: Key Forces Shaping the Next Decade of Growth

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How Large Will the Blood Platelets Market Size By 2025?
The market for blood platelets has seen robust expansion lately, projected to increase its valuation from $6.27 billion in 2024 up to $6.7 billion by 2025, reflecting a 6.9% compound annual growth rate during this timeframe; this historical upward trajectory is fueled by several factors, including an escalating volume of surgical procedures, a higher occurrence of physical trauma, the widespread nature of autoimmune conditions, the increasing rates of chronic illnesses, and the rising diagnosis of thrombocytopenia.

How Big Is the Blood Platelets Market Size Expected to Grow by 2029?
Anticipated for the coming years is vigorous expansion within the market for blood platelets, projected to achieve a valuation of $8.72 billion by 2029, reflecting a compound annual growth rate (CAGR) of 6.8% throughout the projection timeframe. This upward trajectory is largely fueled by several key factors, including an increase in trauma incidents, the proliferation of blood banking facilities, a rising inclination towards allogeneic blood transfusion methods, the expanding demographic of older individuals, and the heightened demand for platelets crucial in the process of wound repair. Furthermore, significant developments poised to shape this market during the forecast interval encompass the introduction of automated systems for platelet apheresis, the emergence of sophisticated platelet preservation techniques, the growing utilization of platelet-rich plasma (PRP) treatments, a general movement favoring leukoreduced platelets, the development of synthetic platelet alternatives, advances in gene editing applications for managing platelet-related ailments, and the establishment of automated screening processes for donors.

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Which Key Market Drivers Powering Blood Platelets Market Expansion and Growth?
The rising incidence of ailments affecting the blood is forecast to stimulate expansion within the blood platelets marketplace in the future. These blood-related conditions encompass any impairment to the creation, components, or operation of blood constituents such as plasma, platelets, white blood cells, or red blood cells, frequently resulting in situations like immune deficits, anemia, or issues with blood coagulation. A significant factor contributing to the surge in these blood disorders is the advancing age of the general populace, given that diminished bone marrow efficiency with age predisposes seniors to maladies such as various clotting disorders, thrombocytopenia, and anemia. Platelets play a crucial supportive role in managing blood disorder therapies because of their function in controlling coagulation, which is vital for facilitating proper wound repair and averting undue hemorrhage. To illustrate this point, data released in April 2024 by the Perth Blood Institute, an Australian non-profit entity, showed that the global count of individuals diagnosed with hemophilia-a condition characterized by insufficient clotting factors that prevents proper blood cessation resulting in extended bleeding-stood at 257,146 across the year 2022, an increase from the 233,577 cases reported in 2021. Consequently, the escalating frequency of these various blood disorders serves as a key impetus for the market progression of blood platelets.

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Which Fast-Growing Trends Are Poised to Disrupt the Blood Platelets Market?
Dominant participants in the blood platelet sector are channeling efforts toward pioneering advancements, exemplified by the technique of platelet pooling, intended to prolong product viability, boost accessibility, and assist blood banks in satisfying escalating transfusion needs. This platelet aggregation technique involves melding platelets sourced from several whole blood donations to constitute a single transfusion unit, thereby augmenting supply, operational effectiveness, and the prudent use of assets within blood management systems. Specifically, in February 2023, Terumo Blood and Cell Technologies, a medical technology firm situated in the U.S., introduced the IMUGARD WB platelet pooling set after securing regulatory approval from the U.S. Food and Drug Administration (FDA). This technological leap serves to stretch the usable period for platelets derived from whole blood from an initial five days to seven, consequently increasing the pool of available platelets for transfusions, while simultaneously offering an alternative supply avenue to counteract increasing demand and scarcity of donors, thereby enabling blood collection facilities to better organize their stock and minimize discarded materials.

What Are the Emerging Segments in the Blood Platelets Market?
The blood plateletsmarket covered in this report is segmented -

1) By Platelet Type: Whole Blood Derived Platelets; Apheresis Derived Platelets
2) By Application: Platelet Function Disorder; Hemophilia; Thrombocytopenia; Perioperative Indication
3) By End-Users: Hospitals; Ambulatory Surgical Centers; Blood Banks; Research Laboratories; Specialty Clinics, Cancer Treatment Center, Trauma Center, Other End Users

Subsegments:
1) By Whole Blood Derived Platelets: Leukocyte-Reduced Whole Blood Platelets; Non-Leukocyte-Reduced Whole Blood Platelets; Pathogen-Reduced Whole Blood Platelets
2) By Apheresis Derived Platelets: Single-Donor Apheresis Platelets; Leukocyte-Reduced Apheresis Platelets; Pathogen-Reduced Apheresis Platelets

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Who Are the Global Leaders in the Blood Platelets Market?
Major companies operating in the blood platelets market are Pfizer? Inc., Johnson & Johnson?, Bayer AG?, Fresenius Kabi, Takeda Pharmaceutical Company Limited, Baxter International Inc., CSL Limited, Grifols S.A., Terumo Corporation, American Red Cross, BioMarin Pharmaceutical Inc., Miltenyi Biotec, Kedrion Biopharma? Inc., LFB Group, Bio Products Laboratory Limited, Sanquin?, Macopharma, Biotest AG, Cerus Corporation?, ADMA Biologics Inc., Octapharma AG, Kamada Ltd.?, HemaCare

Which are the Top Profitable Regional Markets for the Blood Platelets Industry?
North America was the largest region in the blood platelets market in 2024. Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in the blood platelets market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.

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