Blood Banks Market - Global Industry Size, Share, Trends, Opportunity, and Forecast, 2017-2027 Segmented by Product Type (Whole Blood, Red Blood Cells, Platelets, Plasma, Others), By Function (Collection, Processing, Testing, Storage, and Transportation), By Ownership (Private v/s Public), By End User (Hospitals & Clinics, Ambulatory Surgery Centers, Pharmaceutical Companies, Others), By Region
Published Date: November - 2024 | Publisher: MIR | No of Pages: 320 | Industry: Healthcare | Format: Report available in PDF / Excel Format
View Details Buy Now 2890 Download Sample Ask for Discount Request CustomizationBlood Banks Market - Global Industry Size, Share, Trends, Opportunity, and Forecast, 2017-2027 Segmented by Product Type (Whole Blood, Red Blood Cells, Platelets, Plasma, Others), By Function (Collection, Processing, Testing, Storage, and Transportation), By Ownership (Private v/s Public), By End User (Hospitals & Clinics, Ambulatory Surgery Centers, Pharmaceutical Companies, Others), By Region
The global blood banks market is anticipated to grow at a steady CAGR in the forecast period, 2023-2027. This can be ascribed to the growing prevalence of various hematological disorders among population worldwide. Additionally, increasing number of injuries and road accidents has further increased the demand for packaged blood, thereby supporting the growth of global blood banks market. Besides, increasing geriatric population that is susceptible to injuries and diseases is expected to support the market growth. Also, increasing prevalence of transfusion transmissible infections such as HIV and hepatitis B across the globe is expected to create lucrative opportunities for the growth of global blood banks market in the coming years.
Rising Awareness Regarding Blood Donation
The annual World Blood Donor Day is observed on June 14. The World Health Organization and the International Federation of Red Cross and Red Crescent Societies have joined forces to promote the value of blood donors and safe blood. Increased blood donations because of the awareness regarding the world blood donor day has helped in the expansion of blood banks market globally. To ensure a safe and reliable supply of transfused blood, several governments are aggressively promoting blood donors. For instance, to raise awareness of voluntary blood donations, the Delhi government has partnered with Facebook. As per this collaboration, if there is a need for blood, the blood bank can put out a call and Facebook will send notifications to all those in the area who have registered themselves as voluntary blood donors.
Rising Number of Surgical Procedures
Blood is necessary for the treatment of different genetic blood disorders, and also is required in different surgical procedures including cardiovascular surgery, orthopaedic surgeries, organ, bone marrow transplants, among others. For instance, the number of surgical operations performed in registered hospitals across the United States with bed capacity of 500 beds and more were around 8,393,714. Furthermore, increasing dialysis, organ transplants, among others worldwide are also generating demand for blood, thereby fuelling the growth of blood banks market.
Growing Prevalence of Blood Disorders
The increasing prevalence of different genetic and non-genetic blood related disorders in which blood is required on a regular basis is expected to drive the growth of global blood banks market. These include blood related problems such as leukemia, myeloma, lymphoma, hemophilia, among others. According to the Center for Disease Control and Prevention (CDC), Hemophilia A affects 1 in 5,000 male births in the United States. Around 400 babies are born with Hemophilia A every year in the United States.
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Market Segmentation
The global blood bank market can be segmented by product type, by function, by ownership, by end user, by region and by company. Based on product type, the market can be categorized into whole blood, red blood cells, platelets, plasma, and others. Based on function, the market can be fragmented into collection, processing, testing, storage, and transportation. Based on by ownership, the market can be split into private v/s public. Based on end user, the market can be segmented into
Market Players
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| Attribute | Details |
| Base Year | 2021 |
| Historic Data | 2017 – 2020 |
| Estimated Year | 2022 |
| Forecast Period | 2023 – 2027 |
| Quantitative Units | Revenue in USD Million, and CAGR for 2017-2021 and 2022-2027 |
| Report coverage | Revenue forecast, volume forecast, company share, competitive landscape, growth factors, and trends |
| Segments covered | · By Product Type · By Function · By Ownership · By End User |
| Regional scope | North America; Asia Pacific; Europe; South America; Middle East & Africa |
| Country scope | United States; Canada; Mexico; China; India; Japan; South Korea; Australia; Germany; France; United Kingdom; Spain; Italy; Brazil; Argentina; Colombia; South Africa; UAE; Saudi Arabia; |
| Key companies profiled | American Association of Blood Banks, America's Blood Centres, Australian Red Cross Society, Blood Bank of Alaska, Canadian Blood Services, Japanese Red Cross Society, New York Blood Centre, Sanquin Blood Supply Foundation, The American Red Cross, Vitalant |
| Customization scope | 10% free report customization with purchase. Addition or alteration to country, regional & segment scope. |
| Pricing and purchase options | Avail customized purchase options to meet your exact research needs. Explore purchase options |
| Delivery Format | PDF and Excel through Email (We can also provide the editable version of the report in PPT/Word format on special request) |
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