Blood Bank Market, By Product Type (Whole Blood, Red Blood Cells, Platelets, Plasma, White Blood Cells), By Function (Collection, Processing, Testing, Storage, And Transportation), By Bank Type (Private And Public), By End User (Hospital, Ambulatory Surgery Centers, Pharmaceutical Companies, Clinics & Nursing Homes, And Others), By Region (North America, Europe, Asia Pacific, Middle East & Africa, And South America) – Market Size & Forecasting To 2028

A blood bank is a place where blood and its components are stored for blood transfusion.Blood banks are involvedwith the collection, processing, testing, storage, and the distributionof whole blood and blood products. The collected blood or blood products are extensively tested and processed, which raises the price of blood. The coronavirus outbreak has not much affected the blood bank market.

Currently, blood banks are gaining traction for the collection of blood from corona patients for plasma therapy. Blood bank stores various types of products such as whole blood, red blood cells, platelets, and plasma for short period. Blood banksthemselvesprovide distribution services to hospitals, ambulatory surgery centers, research centers, and pharmaceutical companies, among others. Considering the importance of blood all over the worldduring coronavirus pandemic,almost all nations are focusing onincreasing the blood storage capacity, which is expected to support the market in terms of revenue.

Nowadays, the demand for packed red blood cells over whole blood during blood transfusion is high among healthcare providers. This high demand for transfusion of red blood cells over whole blood in patients suffering from anaemia is going to increase revenue in thecoming years. Also,a rise in demand for red blood cells for cases of excessive bleeding due to trauma, surgery, or childbirth has further augmented the growth of this segment.

However, the platelet segment is estimated to exhibit the highest CAGR of 7.5% from 2020 to 2027. The growth of this segment will be mainly driven bythe high prevalence of dengue in tropical countries,along withan increase in the adoption of modern treatment of hypo proliferative thrombocytopenia.

The testing segment is heading to be on top during the forecast period. Based on function, the testing segment has held the highest market share with nearly one-third of the global blood bank market in 2019, and is estimated to hold a leading position in the coming years. The impressive growth of this segment can be attributed to the high cost of blood screening tests and its components as well as the large number of diagnostic tests performed during the processing of blood.

However, the collection segment is estimated to register the highest CAGR of 6.7% from 2020 to 2027. This can be attributed to an increase in demand for blood transfusion and a rise in the prevalence of haematological diseases globally.

Some of the Impact Factors:

  • A surge in the prevalence of haematological diseases and rise in accidents are driving the growth of the global blood bank market
  • Increasing geriatric populationand high demand for safe blood due to the increasing prevalence of transfusion transmissible infections such as HIV and hepatitis B across the world are supplementing the blood bank market growth.
  • A rise in wastage of donated blood and stringent rules & regulations are anticipated to hamper the blood bank market growth.

What does this Report Provide?

The blood bank market report provides a comprehensive analysis of the key players operating in the global blood bank market.The report also provides a vital recent industry data which covers general market conditions, along with the future scenario for the industry around the globe. The study provides an in-depth analysis of the market along with the current trends and future estimations.

Market Segmentation:

By Product Type:   

  • Whole Blood
  • Red Blood Cells
  • Platelets
  • Plasma
  • White Blood Cells

By Function:

  • Collection
  • Processing
  • Testing
  • Storage
  • Transportation

By Bank Type:

  • Private
  • Public

By End User:

  • Hospital
  • Ambulatory Surgery Centers
  • Pharmaceutical Companies
  • Clinics & Nursing Homes
  • Others

By Region:

North America Blood Bank Market

  • North America, by Country
    • US
    • Canada
    • Mexico
  • North America, by Product Type
  • North America, by Function
  • North America, by Bank Type
  • North America, by End User

Europe Blood Bank Market

  • Europe, by Country
    • Germany
    • Russia
    • UK
    • France
    • Italy
    • Spain
    • The Netherlands
    • Rest of Europe 
  • Europe, by Product Type
  • Europe, by Function
  • Europe, by Bank Type
  • Europe, by End User

Asia Pacific Blood Bank Market

  • Asia Pacific, by Country
    • China
    • India
    • Japan
    • South Korea
    • Australia
    • Indonesia
    • Rest of Asia Pacific 
  • Asia Pacific, by Product Type
  • Asia Pacific, by Function
  • Asia Pacific, by Bank Type
  • Asia Pacific, by End User

Middle East & Africa Blood Bank Market

  • Middle East & Africa, by Country 
    • UAE
    • Saudi Arabia
    • Qatar
    • South Africa
    • Rest of Middle East & Africa
  • Middle East & Africa, by Product Type
  • Middle East & Africa, by Function
  • Middle East & Africa, by Bank Type
  • Middle East & Africa, by End User

South America Blood Bank Market

  • South America, by Country 
    • Brazil
    • Argentina
    • Colombia
    • Rest of South America
  • South America, by Product Type
  • South America, by Function
  • South America, by Bank Type
  • South America, by End User

Major Companies: The American Red Cross, Vitalant, New York Blood Centre, Australian Red Cross, Japan Red Cross Society, American Association of Blood Banks, America's Blood Centers, Canadian Blood Services, Sanquin Blood Supply Foundation, and Blood Bank of Alaska are some of the major players operating in the global market.

Years Covered in the Study:

Historic Year: 2017-2018

Base Year: 2019

Estimated Year: 2020

Forecast Year: 2028

Objectives of this report:

  • To estimate market size for the blood bank market on a regional and global basis.
  • To identify major segments in the blood bank market and evaluate their market shares and demand.
  • To provide a competitive scenario for the blood bank market with major developments observed by the key companies in the historic years.
  • To evaluate key factors governing the dynamics of blood bank market with their potential gravity during the forecast period.

Reasons to Buy This Report:

  • Provides niche insights for making decisions about every possible segment, thereby helping in strategic decision-making process.
  • Market size estimation of the blood bank market on a regional and global basis.
  • A unique research design for market size estimation and forecast.
  • Identification of major companies operating in the market with related developments
  • Exhaustive scope to cover all the possible segments helping every stakeholder in the blood bank

Customization:

This study is customized to meet your specific requirements:

  • By Segment
  • By Sub-segment
  • By Region/Country
  • Product Specific Competitive Analysis

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