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

  • Industry : Healthcare
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  • Published Date : NA
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Summary

Report Description

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 hospitals & clinics, ambulatory surgery centers, pharmaceutical companies, and others.  Regionally, North America dominated the market followed by Europe, Asia Pacific, South America and Middle East & Africa. In terms of country, the United States holds the largest market for blood banks. This can be ascribed to the increasing number of blood donations in the country. For instance, in 2019, total Number of Whole Blood Units Collected at United States Blood centre were around 9.4 million and Number of Blood Plasma Donated in United States in the same year was around 53.5 million.

Market Players

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 are some of the leading players operating in the global blood banks market.

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)


Report Scope:

In this report, global blood banks market has been segmented into following categories, in addition to the industry trends which have also been detailed below:

  • Blood Bank Market, By Product Type:
    • Whole Blood
    • Red Blood Cells
    • Platelets
    • Plasma
    • Others  
  • Blood Bank Market, By Function:
    • Collection
    • Processing
    • Testing
    • Storage
    • Transportation
  • Blood Bank Market, By Ownership:
    • Private
    • Public
  • Blood Bank Market, By End User:
    • Hospitals & Clinics
    • Ambulatory Surgery Centers
    • Pharmaceutical Companies
    • Others
  • Blood Bank Market, By Region:
    • North America
      • United States
      • Canada
      • Mexico
    • Europe
      • Germany
      • France
      • United Kingdom
      • Spain
      • Italy
    • Asia Pacific
      • China
      • India
      • Japan
      • South Korea
      • Australia
    • South America
      • Brazil
      • Argentina
      • Colombia
    • Middle East & Africa

§  South Africa

§  Saudi Arabia

§  UAE

Competitive Landscape

Company Profiles: Detailed analysis of the major companies present in global blood bank market. 

Available Customizations:

With the given market data, TechSci Research offers customizations according to a company’s specific needs. The following customization options are available for the report:

Company Information

  • Detailed analysis and profiling of additional market players (up to five).
Global Blood Bank Market is an upcoming report to be released soon. If you wish an early delivery of this report or want to confirm the date of release, please contact us at [email protected]

Table of content

1.    Product Type Overview

2.    Research Methodology

3.    Executive Summary

4.    Impact of COVID-19 on Global Blood Banks Market

5.    Voice of Customer

6.    Global Blood Banks Market Outlook

6.1.  Market Size & Forecast

6.1.1.     By Value

6.2.  Market Share & Forecast

6.2.1.     By Product Type (Whole Blood, Red Blood Cells, Platelets, Plasma, Others)

6.2.2.     By Function (Collection, Processing, Testing, Storage, and Transportation)

6.2.3.     By Ownership (Private v/s Public)

6.2.4.     By End User (Hospitals & Clinics, Ambulatory Surgery Centers, Pharmaceutical Companies, Others)

6.2.5.     By Region

6.2.6.     By Company (2021)

6.3.  Product Type Market Map

7.    North America Blood Banks Market Outlook

7.1.  Market Size & Forecast          

7.1.1.     By Value

7.2.  Market Share & Forecast

7.2.1.     By Product Type

7.2.2.     By Function

7.2.3.     By Ownership

7.2.4.     By End User

7.2.5.     By Country

7.3.  North America: Country Analysis

7.3.1.     United States Blood Banks Market Outlook

7.3.1.1.         Market Size & Forecast

7.3.1.1.1.             By Value

7.3.1.2.         Market Share & Forecast

7.3.1.2.1.             By Product Type

7.3.1.2.2.             By Function

7.3.1.2.3.             By Ownership

7.3.1.2.4.             By End User

7.3.2.     Mexico Blood Banks Market Outlook

7.3.2.1.         Market Size & Forecast

7.3.2.1.1.             By Value

7.3.2.2.         Market Share & Forecast

7.3.2.2.1.             By Product Type

7.3.2.2.2.             By Function

7.3.2.2.3.             By Ownership

7.3.2.2.4.             By End User

7.3.3.     Canada Blood Banks Market Outlook

7.3.3.1.         Market Size & Forecast

7.3.3.1.1.             By Value

7.3.3.2.         Market Share & Forecast

7.3.3.2.1.             By Product Type

7.3.3.2.2.             By Function

7.3.3.2.3.             By Ownership

7.3.3.2.4.             By End User

8.    Europe Blood Banks Market Outlook

8.1.  Market Size & Forecast          

8.1.1.     By Value

8.2.  Market Share & Forecast

8.2.1.     By Product Type

8.2.2.     By Function

8.2.3.     By Ownership

8.2.4.     By End User

8.2.5.     By Country

8.3.  Europe: Country Analysis

8.3.1.     France Blood Banks Market Outlook

8.3.1.1.         Market Size & Forecast

8.3.1.1.1.             By Value

8.3.1.2.         Market Share & Forecast

8.3.1.2.1.             By Product Type

8.3.1.2.2.             By Function

8.3.1.2.3.             By Ownership

8.3.1.2.4.             By End User

8.3.2.     Germany Blood Banks Market Outlook

8.3.2.1.         Market Size & Forecast

8.3.2.1.1.             By Value

8.3.2.2.         Market Share & Forecast

8.3.2.2.1.             By Product Type

8.3.2.2.2.             By Function

8.3.2.2.3.             By Ownership

8.3.2.2.4.             By End User

8.3.3.     United Kingdom Blood Banks Market Outlook

8.3.3.1.         Market Size & Forecast

8.3.3.1.1.             By Value

8.3.3.2.         Market Share & Forecast

8.3.3.2.1.             By Product Type

8.3.3.2.2.             By Function

8.3.3.2.3.             By Ownership

8.3.3.2.4.             By End User

8.3.4.     Italy Blood Banks Market Outlook

8.3.4.1.         Market Size & Forecast

8.3.4.1.1.             By Value

8.3.4.2.         Market Share & Forecast

8.3.4.2.1.             By Product Type

8.3.4.2.2.             By Function

8.3.4.2.3.             By Ownership

8.3.4.2.4.             By End User

8.3.5.     Spain Blood Banks Market Outlook

8.3.5.1.         Market Size & Forecast

8.3.5.1.1.             By Value

8.3.5.2.         Market Share & Forecast

8.3.5.2.1.             By Product Type

8.3.5.2.2.             By Function

8.3.5.2.3.             By Ownership

8.3.5.2.4.             By End User

9.    Asia-Pacific Blood Banks Market Outlook

9.1.  Market Size & Forecast          

9.1.1.     By Value

9.2.  Market Share & Forecast

9.2.1.     By Product Type

9.2.2.     By Function

9.2.3.     By Ownership

9.2.4.     By End User

9.2.5.     By Country

9.3.  Asia-Pacific: Country Analysis

9.3.1.     China Blood Banks Market Outlook

9.3.1.1.         Market Size & Forecast

9.3.1.1.1.             By Value

9.3.1.2.         Market Share & Forecast

9.3.1.2.1.             By Product Type

9.3.1.2.2.             By Function

9.3.1.2.3.             By Ownership

9.3.1.2.4.             By End User

9.3.2.     India Blood Banks Market Outlook

9.3.2.1.         Market Size & Forecast

9.3.2.1.1.             By Value

9.3.2.2.         Market Share & Forecast

9.3.2.2.1.             By Product Type

9.3.2.2.2.             By Function

9.3.2.2.3.             By Ownership

9.3.2.2.4.             By End User

9.3.3.     South Korea Blood Banks Market Outlook

9.3.3.1.         Market Size & Forecast

9.3.3.1.1.             By Value

9.3.3.2.         Market Share & Forecast

9.3.3.2.1.             By Product Type

9.3.3.2.2.             By Function

9.3.3.2.3.             By Ownership

9.3.3.2.4.             By End User

9.3.4.     Japan Blood Banks Market Outlook

9.3.4.1.         Market Size & Forecast

9.3.4.1.1.             By Value

9.3.4.2.         Market Share & Forecast

9.3.4.2.1.             By Product Type

9.3.4.2.2.             By Function

9.3.4.2.3.             By Ownership

9.3.4.2.4.             By End User 

9.3.5.     Australia Blood Banks Market Outlook

9.3.5.1.         Market Size & Forecast

9.3.5.1.1.             By Value

9.3.5.2.         Market Share & Forecast

9.3.5.2.1.             By Product Type

9.3.5.2.2.             By Function

9.3.5.2.3.             By Ownership

9.3.5.2.4.             By End User

10.  South America Blood Banks Market Outlook

10.1.              Market Size & Forecast

10.1.1.  By Value

10.2.              Market Share & Forecast

10.2.1.  By Product Type

10.2.2.  By Function

10.2.3.  By Ownership

10.2.4.  By End User

10.2.5.  By Country

10.3.              South America: Country Analysis

10.3.1.  Brazil Blood Banks Market Outlook

10.3.1.1.      Market Size & Forecast

10.3.1.1.1.           By Value

10.3.1.2.      Market Share & Forecast

10.3.1.2.1.           By Product Type

10.3.1.2.2.           By Function

10.3.1.2.3.           By Ownership

10.3.1.2.4.           By End User

10.3.2.  Argentina Blood Banks Market Outlook

10.3.2.1.      Market Size & Forecast

10.3.2.1.1.           By Value

10.3.2.2.      Market Share & Forecast

10.3.2.2.1.           By Product Type

10.3.2.2.2.           By Function

10.3.2.2.3.           By Ownership

10.3.2.2.4.           By End User

10.3.3.  Colombia Blood Banks Market Outlook

10.3.3.1.      Market Size & Forecast

10.3.3.1.1.           By Value

10.3.3.2.      Market Share & Forecast

10.3.3.2.1.           By Product Type

10.3.3.2.2.           By Function

10.3.3.2.3.           By Ownership

10.3.3.2.4.           By End User

11.  Middle East and Africa Blood Banks Market Outlook

11.1.              Market Size & Forecast

11.1.1.  By Value

11.2.              Market Share & Forecast

11.2.1.  By Product Type

11.2.2.  By Function

11.2.3.  By Ownership

11.2.4.  By End User

11.2.5.  By Country

11.3.              MEA: Country Analysis

11.3.1.  South Africa Blood Banks Market Outlook

11.3.1.1.      Market Size & Forecast

11.3.1.1.1.           By Value

11.3.1.2.      Market Share & Forecast

11.3.1.2.1.           By Product Type

11.3.1.2.2.           By Function

11.3.1.2.3.           By Ownership

11.3.1.2.4.           By End User 

11.3.2.  Saudi Arabia Blood Banks Market Outlook

11.3.2.1.      Market Size & Forecast

11.3.2.1.1.           By Value

11.3.2.2.      Market Share & Forecast

11.3.2.2.1.           By Product Type

11.3.2.2.2.           By Function

11.3.2.2.3.           By Ownership

11.3.2.2.4.           By End User 

11.3.3.  UAE Blood Banks Market Outlook

11.3.3.1.      Market Size & Forecast

11.3.3.1.1.           By Value

11.3.3.2.      Market Share & Forecast

11.3.3.2.1.           By Product Type

11.3.3.2.2.           By Function

11.3.3.2.3.           By Ownership

11.3.3.2.4.           By End User

12.  Market Dynamics

12.1.              Drivers

12.2.              Challenges

13.  Market Trends & Developments

14.  Competitive Landscape

14.1.              American Association of Blood Banks

14.2.              America's Blood Centers

14.3.              Australian Red Cross Society

14.4.              Blood Bank of Alaska

14.5.              Canadian Blood Services

14.6.              Japanese Red Cross Society

14.7.              New York Blood Centre

14.8.              Sanquin Blood Supply Foundation

14.9.              The American Red Cross

14.10.            Vitalant

15.  Strategic Recommendations

Figures and Tables

Frequently asked questions

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The rising awareness among people regarding the importance of donating blood, initiatives by the government and other organizations regarding blood donations, among others are driving the demand for the global blood bank market.

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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 are some of the leading players operating in the Global Blood Banks Market.

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Based on product type, red blood cells segment dominates the global blood banks market.

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The North America region is dominating the market and is expected to maintain its dominance over the next five years.

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Sakshi Bajaal

Business Consultant
Press Release

Blood Bank Market to be dominated by Red Blood Cells (RBCs) through 2027

Sep, 2022

Increasing awareness of blood donation is expected to drive global blood bank market in the forecast period, 2023-2027.

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