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Global Blood Bank Market Report and Forecast 2023-2031

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  • 147 Pages
  • April 2023
  • Region: Global
  • Expert Market Research
  • ID: 5797871
The global blood bank market size attained a value of USD 16.8 billion in 2022. The market is anticipated to grow at a CAGR of 4.7% during the forecast period of 2023-2031 to attain a value of USD 25.4 billion by 2031.

Blood Bank Market: Introduction

A blood bank is a specialized centre where blood and blood products are collected, stored, processed, and distributed for later use in blood transfusion. The term "blood bank" typically refers to a division of a hospital where the storage of blood product occurs, but it can also refer to a collection centre where donors come to donate blood.

Uses of a blood bank include:

  • Collection: Blood banks are responsible for collecting blood from voluntary donors. This process involves a pre-donation health screening to ensure the donor is healthy and the blood is safe
  • Testing: Once blood is collected, it is tested for blood type (A, B, AB, or O) and Rh factor (positive or negative). It is also screened for any potential diseases that could be transmitted through transfusion, such as HIV, hepatitis B and C, syphilis, and others
  • Storage: After testing, blood is separated into various components (red cells, plasma, platelets, etc.) and stored under appropriate conditions until needed
  • Distribution: When a hospital or clinic requests blood for a patient, the appropriate blood type and component are selected and sent from the blood bank to the hospital

Benefits of a blood bank include:

  • Saving Lives: Blood banks play a crucial role in healthcare by providing life-saving blood transfusions to patients in need, including those undergoing surgery, patients with blood disorders, accident victims, and others.
  • Health Monitoring: Blood banks ensure that all donated blood is safe to use by conducting rigorous testing, thereby preventing the transmission of blood-borne diseases.
  • Efficient Use of Donations: By separating blood into its various components, blood banks ensure that each donation can benefit multiple patients.
  • Research: Blood banks also contribute to research by providing data on blood usage and trends, which can help to improve blood management strategies and patient care.
In summary, blood banks play an essential role in the healthcare system by ensuring a steady and safe supply of blood and blood products for those in need.

BLOOD BANK Market Segmentations

The market can be categorised into product type, function, bank type, end user, and region.

Blood Bank Market Breakup by Product type

  • Red Blood Cells
  • White Blood Cell
  • Platelet
  • Plasma

Blood Bank Market Breakup by Function

  • Collection
  • Processing
  • Testing
  • Storage
  • Transportation

Blood Bank Market Breakup by Bank Type

  • Private
  • Public
  • Home Healthcare
  • Others

Blood Bank Market Breakup by End user

  • Hospital
  • Ambulatory Surgery Centres
  • Pharmaceutical Companies
  • Clinics and Nursing Homes
  • Others

Blood Bank Market Breakup by Region

North America

  • United States of America
  • Canada


  • United Kingdom
  • Germany
  • France
  • Italy
  • Others

Asia Pacific

  • China
  • Japan
  • India
  • Australia
  • Others

Latin America

  • Brazil
  • Argentina
  • Mexico
  • Others

Middle East and Africa

  • Saudi Arabia
  • United Arab Emirates
  • Nigeria
  • South Africa
  • Others

Blood Bank Market Scenario

  • The global blood bank market is projected to experience substantial growth in the coming years, driven by several key factors. The rising prevalence of hematologic diseases and an increasing number of accidents and trauma cases requiring blood transfusions are significant contributors to the market's expansion
  • Blood banks, which provide a vital service by collecting, testing, storing, and distributing blood and blood components, are indispensable in healthcare. There is a consistent demand for their services in various medical procedures, including surgeries, cancer treatment, and management of blood disorders. The increase in these procedures globally correlates to a rise in the demand for safe and efficient blood supply systems, positively influencing the blood bank market
  • Technological advancements are also playing a crucial role in market growth. Innovations in blood bank technology, including automated devices for blood collection and processing, advanced refrigeration and storage solutions, and enhanced screening and testing technologies, are improving efficiency and safety in blood banking
  • The COVID-19 pandemic has brought an additional dynamic to the blood bank market. The pandemic initially caused a significant decrease in blood donations due to safety concerns and social distancing measures. However, it also led to increased awareness of the critical role of blood donations in healthcare, prompting initiatives to increase donation rates and improve blood bank operations
  • Geographically, North America is currently leading the global market, due to factors such as advanced healthcare infrastructure, high awareness about blood donation, and the presence of key market players. However, the Asia-Pacific region is expected to witness rapid growth, driven by improving healthcare facilities, growing population, and increasing awareness about the importance of blood donation
  • Despite these positive trends, the blood bank market faces challenges, including the risk of transmitting diseases through transfusions and the high cost of testing and storage equipment. Overcoming these challenges will be crucial to maintaining the market's growth trajectory
In summary, the global blood bank market is set to grow significantly, driven by the rising demand for blood in healthcare, technological advancements, and increased awareness about the importance of blood donation. However, ensuring safety and accessibility remains a crucial focus for this sector.

Key Players in the Global Blood Bank Market

The report gives an in-depth analysis of the key players involved in the blood bank market, sponsors manufacturing the drugs, and putting them through trials to get FDA approvals. The companies included in the market are as follows:
  • American Association of Blood Banks
  • America's Blood Centers
  • 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

Table of Contents

1 Preface
1.1 Objectives of the Study
1.2 Key Assumptions
1.3 Report Coverage - Key Segmentation and Scope
1.4 Research Methodology
2 Executive Summary
3 Global Blood Bank Market Overview
3.1 Global Blood Bank Market Historical Value (2016-2022)
3.2 Global Blood Bank Market Forecast Value (2023-2031)
4 Global Blood Bank Market Landscape
4.1 Global Blood Bank Developers Landscape
4.1.1 Analysis by Year of Establishment
4.1.2 Analysis by Company Size
4.1.3 Analysis by Region
4.2 Global Blood Bank Product Landscape
4.2.1 Analysis by Product Type
4.2.2 Analysis by Function
4.2.3 Analysis by Bank Type
4.2.4 Analysis by End User
4.2.5 Analysis by Bank Region
5 Global Blood Bank Market Dynamics
5.1 Market Drivers and Constraints
5.2 SWOT Analysis
5.3 Porter’s Five Forces Model
5.4 Key Demand Indicators
5.5 Key Price Indicators
5.6 Industry Events, Initiatives, and Trends
5.7 Value Chain Analysis
6 Global Blood Bank Market Segmentation
6.1 Global Blood Bank Market by Product Type
6.1.1 Market Overview
6.1.2 Whole Blood
6.1.3 Red Blood Cells
6.1.4 White Blood Cell
6.1.5 Platelet
6.1.6 Plasma
6.2 Global Blood Bank Market by Function
6.2.1 Market Overview
6.2.2 Collection
6.2.3 Processing
6.2.4 Testing
6.2.5 Storage
6.2.6 Transportation
6.3 Global Blood Bank Market by Bank Type
6.3.1 Market Overview
6.3.2 Private
6.3.3 Public
6.3.4 Home Healthcare
6.3.5 Others
6.4 Global Blood Bank Market by End User
6.4.1 Market Overview
6.4.2 Hospital
6.4.3 Ambulatory Surgery Centres
6.4.4 Pharmaceutical Companies
6.4.5 Clinics and Nursing Homes
6.4.6 Others
6.5 Global Blood Bank Market by Region
6.5.1 Market Overview
6.5.2 North America
6.5.3 Europe
6.5.4 Asia Pacific
6.5.5 Latin America
6.5.6 Middle East and Africa
7 North America Blood Bank Market
7.1 Market Share by Country
7.2 United States of America
7.3 Canada
8 Europe Blood Bank Market
8.1 Market Share by Country
8.2 United Kingdom
8.3 Germany
8.4 France
8.5 Italy
8.6 Others
9 Asia Pacific Blood Bank Market
9.1 Market Share by Country
9.2 China
9.3 Japan
9.4 India
9.6 Australia
9.7 Others
10 Latin America Blood Bank Market
10.1 Market Share by Country
10.2 Brazil
10.3 Argentina
10.4 Mexico
10.5 Others
11 Middle East and Africa Blood Bank Market
11.1 Market Share by Country
11.2 Saudi Arabia
11.3 United Arab Emirates
11.4 Nigeria
11.5 South Africa
11.6 Others
12 Patent Analysis
12.1 Analysis by Type of Patent
12.2 Analysis by Publication year
12.3 Analysis by Issuing Authority
12.4 Analysis by Patent Age
12.5 Analysis by CPC Analysis
12.6 Analysis by Patent Valuation
12.7 Analysis by Key Players
13 Grants Analysis
13.1 Analysis by year
13.2 Analysis by Amount Awarded
13.3 Analysis by Issuing Authority
13.4 Analysis by Grant Application
13.5 Analysis by Funding Institute
13.6 Analysis by NIH Departments
13.7 Analysis by Recipient Organization
14 Funding Analysis
14.1 Analysis by Funding Instances
14.2 Analysis by Type of Funding
14.3 Analysis by Funding Amount
14.4 Analysis by Leading Players
14.5 Analysis by Leading Investors
14.6 Analysis by Geography
15 Partnership and Collaborations Analysis
15.1 Analysis by Partnership Instances
15.2 Analysis by Type of Partnership
15.3 Analysis by Leading Players
15.4 Analysis by Geography
16 Regulatory Framework
16.1 Regulatory Overview
16.1.1 US FDA
16.1.2 EU EMA
16.1.5 Others
17 Supplier Landscape
17.1.1 Financial Analysis
17.1.2 Product Portfolio
17.1.3 Demographic Reach and Achievements
17.1.4 Mergers and Acquisitions
17.1.5 Certifications
17.2.1 Financial Analysis
17.2.2 Product Portfolio
17.2.3 Demographic Reach and Achievements
17.2.4 Mergers and Acquisitions
17.2.5 Certifications
17.3.1 Financial Analysis
17.3.2 Product Portfolio
17.3.3 Demographic Reach and Achievements
17.3.4 Mergers and Acquisitions
17.3.5 Certifications
17.4.1 Financial Analysis
17.4.2 Financial Portfolio
17.4.3 Demographic Reach and Achievements
17.4.4 Mergers and Acquisitions
17.4.5 Certifications
17.5.1 Financial Analysis
17.5.2 Product Portfolio
17.5.3 Demographic Reach and Achievements
17.5.4 Mergers and Acquisitions
17.5.5 Certifications
17.6.1 Financial Analysis
17.6.2 Product Portfolio
17.6.3 Demographic Reach and Achievements
17.6.4 Mergers and Acquisitions
17.6.5 Certifications
17.7.1 Financial Analysis
17.7.2 Product Portfolio
17.7.3 Demographic Reach and Achievements
17.7.4 Mergers and Acquisitions
17.7.5 Certifications
17.8.1 Financial Analysis
17.8.2 Product Portfolio
17.8.3 Demographic Reach and Achievements
17.8.4 Mergers and Acquisitions
17.8.5 Certifications
17.9.1 Financial Analysis
17.9.2 Product Portfolio
17.9.3 Demographic Reach and Achievements
17.9.4 Mergers and Acquisitions
17.9.5 Certifications
17.10.1 Financial Analysis
17.10.2 Product Portfolio
17.10.3 Demographic Reach and Achievements
17.10.4 Mergers and Acquisitions
17.10.5 Certifications
17.11 Others
18 Global Blood Bank Market - Distribution Model (Additional Insight)
18.1 Overview
18.2 Potential Distributors
18.3 Key Parameters for Distribution Partner Assessment
19 Key Opinion Leaders (KOL) Insights (Additional Insight)
20 Company Competitiveness Analysis (Additional Insight)
20.1 Very Small Companies
20.2 Small Companies
20.3 Mid-Sized Companies
20.4 Large Companies
20.5 Very Large Companies
21 Payment Methods (Additional Insight)
21.1 Government Funded
21.2 Private Insurance
21.3 Out-of-Pocket

Companies Mentioned

  • American Association of Blood Banks
  • America's Blood Centers
  • 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



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