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Blood Bank Market Report by Product Type, Bank Type, Function, End User, and Region 2024-2032

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    Report

  • 138 Pages
  • April 2024
  • Region: Global
  • IMARC Group
  • ID: 5742945
Description Jump to:
The global blood bank market size reached US$ 17.2 Billion in 2023. Looking forward, the market is projected to reach US$ 25.1 Billion by 2032, exhibiting a growth rate (CAGR) of 4.29% during 2023-2032.

A blood bank is a facility where blood is collected from donors, typed, separated into components, stored, and prepared for transfusion to patients. The blood is separated into red blood cells (RBCs), plasma, and platelets, which are transfused to different individuals according to their requirements. Blood banks avoid transfusion-related reactions by providing proper identification of the patients and blood products. In addition, they offer distribution services of blood to hospitals, ambulatory surgery centers, pharmaceutical companies, and research centers.

Blood Bank Market Trends

The growing prevalence of hematological diseases, such as rare genetic conditions, anemia, and sickle cell disease due to disorders of the blood and blood-forming organs, represents one of the key factors driving the market. Moreover, there is an increase in the demand for safe blood due to the rising cases of transfusion transmissible infections (TTI), such as human immunodeficiency viruses (HIV) and hepatitis B. This, along with the increasing geriatric population across the globe, is propelling the growth of the market. In addition, there is a rise in the demand for red blood cells (RBCs) in amputation surgeries.

This, coupled with various benefits associated with red blood cells (RBCs), such as easy availability and low cost of storage and maintenance, is positively influencing the market. Besides this, governments of several countries are taking initiatives to promote blood donation around the world. In line with this, the expanding healthcare industry is offering lucrative growth opportunities to end-users and investors. Additionally, the rising number of accidents in sports due to poor training methods, structural abnormalities, and unsafe exercising environments is bolstering the demand for packed red blood cells (RBCs) during blood transfusions.

Key Market Segmentation

This report provides an analysis of the key trends in each sub-segment of the global blood bank market report, along with forecasts at the global, regional and country level from 2024-2032. The report has categorized the market based on product type, bank type, function, and end user.

Breakup by Product Type:

  • Whole Blood
  • Red Blood Cells
  • Platelet
  • Plasma
  • White Blood Cells

Breakup by Bank Type:

  • Private
  • Public

Breakup by Function:

  • Collection
  • Processing
  • Testing
  • Storage
  • Transportation

Breakup by End User:

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

Breakup by Region:

  • North America
  • United States
  • Canada
  • Asia-Pacific
  • China
  • Japan
  • India
  • South Korea
  • Australia
  • Indonesia
  • Others
  • Europe
  • Germany
  • France
  • United Kingdom
  • Italy
  • Spain
  • Russia
  • Others
  • Latin America
  • Brazil
  • Mexico
  • Others
  • Middle East and Africa

Competitive Landscape

The competitive landscape of the industry has also been examined along with the profiles of the key players being American Association of Blood Banks, Blood Bank of Alaska, Canadian Blood Services, Haemonetics Corporation, Japanese Red Cross Society, New York Blood Center, NHS Blood and Transplant, Sanquin Bloedvoorziening, Terumo Corporation, The American National Red Cross and Vitalant.

Key Questions Answered in This Report

1. What was the size of the global blood bank market in 2023?
2. What is the expected growth rate of the global blood bank market during 2024-2032?
3. What are the key factors driving the global blood bank market?
4. What has been the impact of COVID-19 on the global blood bank market?
5. What is the breakup of the global blood bank market based on the product type?
6. What is the breakup of the global blood bank market based on the bank type?
7. What is the breakup of the global blood bank market based on function?
8. What is the breakup of the global blood bank market based on the end user?
9. What are the key regions in the global blood bank market?
10. Who are the key players/companies in the global blood bank market?

Table of Contents

1 Preface
2 Scope and Methodology
2.1 Objectives of the Study
2.2 Stakeholders
2.3 Data Sources
2.3.1 Primary Sources
2.3.2 Secondary Sources
2.4 Market Estimation
2.4.1 Bottom-Up Approach
2.4.2 Top-Down Approach
2.5 Forecasting Methodology
3 Executive Summary
4 Introduction
4.1 Overview
4.2 Key Industry Trends
5 Global Blood Bank Market
5.1 Market Overview
5.2 Market Performance
5.3 Impact of COVID-19
5.4 Market Forecast
6 Market Breakup by Product Type
6.1 Whole Blood
6.1.1 Market Trends
6.1.2 Market Forecast
6.2 Red Blood Cells
6.2.1 Market Trends
6.2.2 Market Forecast
6.3 Platelet
6.3.1 Market Trends
6.3.2 Market Forecast
6.4 Plasma
6.4.1 Market Trends
6.4.2 Market Forecast
6.5 White Blood Cells
6.5.1 Market Trends
6.5.2 Market Forecast
7 Market Breakup by Bank Type
7.1 Private
7.1.1 Market Trends
7.1.2 Market Forecast
7.2 Public
7.2.1 Market Trends
7.2.2 Market Forecast
8 Market Breakup by Function
8.1 Collection
8.1.1 Market Trends
8.1.2 Market Forecast
8.2 Processing
8.2.1 Market Trends
8.2.2 Market Forecast
8.3 Testing
8.3.1 Market Trends
8.3.2 Market Forecast
8.4 Storage
8.4.1 Market Trends
8.4.2 Market Forecast
8.5 Transportation
8.5.1 Market Trends
8.5.2 Market Forecast
9 Market Breakup by End User
9.1 Hospital
9.1.1 Market Trends
9.1.2 Market Forecast
9.2 Ambulatory Surgery Centers
9.2.1 Market Trends
9.2.2 Market Forecast
9.3 Pharmaceutical Companies
9.3.1 Market Trends
9.3.2 Market Forecast
9.4 Clinics and Nursing Homes
9.4.1 Market Trends
9.4.2 Market Forecast
9.5 Others
9.5.1 Market Trends
9.5.2 Market Forecast
10 Market Breakup by Region
10.1 North America
10.1.1 United States
10.1.1.1 Market Trends
10.1.1.2 Market Forecast
10.1.2 Canada
10.1.2.1 Market Trends
10.1.2.2 Market Forecast
10.2 Asia-Pacific
10.2.1 China
10.2.1.1 Market Trends
10.2.1.2 Market Forecast
10.2.2 Japan
10.2.2.1 Market Trends
10.2.2.2 Market Forecast
10.2.3 India
10.2.3.1 Market Trends
10.2.3.2 Market Forecast
10.2.4 South Korea
10.2.4.1 Market Trends
10.2.4.2 Market Forecast
10.2.5 Australia
10.2.5.1 Market Trends
10.2.5.2 Market Forecast
10.2.6 Indonesia
10.2.6.1 Market Trends
10.2.6.2 Market Forecast
10.2.7 Others
10.2.7.1 Market Trends
10.2.7.2 Market Forecast
10.3 Europe
10.3.1 Germany
10.3.1.1 Market Trends
10.3.1.2 Market Forecast
10.3.2 France
10.3.2.1 Market Trends
10.3.2.2 Market Forecast
10.3.3 United Kingdom
10.3.3.1 Market Trends
10.3.3.2 Market Forecast
10.3.4 Italy
10.3.4.1 Market Trends
10.3.4.2 Market Forecast
10.3.5 Spain
10.3.5.1 Market Trends
10.3.5.2 Market Forecast
10.3.6 Russia
10.3.6.1 Market Trends
10.3.6.2 Market Forecast
10.3.7 Others
10.3.7.1 Market Trends
10.3.7.2 Market Forecast
10.4 Latin America
10.4.1 Brazil
10.4.1.1 Market Trends
10.4.1.2 Market Forecast
10.4.2 Mexico
10.4.2.1 Market Trends
10.4.2.2 Market Forecast
10.4.3 Others
10.4.3.1 Market Trends
10.4.3.2 Market Forecast
10.5 Middle East and Africa
10.5.1 Market Trends
10.5.2 Market Breakup by Country
10.5.3 Market Forecast
11 SWOT Analysis
11.1 Overview
11.2 Strengths
11.3 Weaknesses
11.4 Opportunities
11.5 Threats
12 Value Chain Analysis
13 Porters Five Forces Analysis
13.1 Overview
13.2 Bargaining Power of Buyers
13.3 Bargaining Power of Suppliers
13.4 Degree of Competition
13.5 Threat of New Entrants
13.6 Threat of Substitutes
14 Price Analysis
15 Competitive Landscape
15.1 Market Structure
15.2 Key Players
15.3 Profiles of Key Players
15.3.1 American Association of Blood Banks
15.3.1.1 Company Overview
15.3.1.2 Product Portfolio
15.3.2 Blood Bank of Alaska
15.3.2.1 Company Overview
15.3.2.2 Product Portfolio
15.3.3 Canadian Blood Services
15.3.3.1 Company Overview
15.3.3.2 Product Portfolio
15.3.4 Haemonetics Corporation
15.3.4.1 Company Overview
15.3.4.2 Product Portfolio
15.3.4.3 Financials
15.3.4.4 SWOT Analysis
15.3.5 Japanese Red Cross Society
15.3.5.1 Company Overview
15.3.5.2 Product Portfolio
15.3.6 New York Blood Center
15.3.6.1 Company Overview
15.3.6.2 Product Portfolio
15.3.7 NHS Blood and Transplant
15.3.7.1 Company Overview
15.3.7.2 Product Portfolio
15.3.8 Sanquin Bloedvoorziening
15.3.8.1 Company Overview
15.3.8.2 Product Portfolio
15.3.9 Terumo Corporation
15.3.9.1 Company Overview
15.3.9.2 Product Portfolio
15.3.9.3 Financials
15.3.9.4 SWOT Analysis
15.3.10 The American National Red Cross
15.3.10.1 Company Overview
15.3.10.2 Product Portfolio
15.3.11 Vitalant
15.3.11.1 Company Overview
15.3.11.2 Product Portfolio
List of Figures
Figure 1: Global: Blood Bank Market: Major Drivers and Challenges
Figure 2: Global: Blood Bank Market: Sales Value (in Billion US$), 2018-2023
Figure 3: Global: Blood Bank Market Forecast: Sales Value (in Billion US$), 2024-2032
Figure 4: Global: Blood Bank Market: Breakup by Product Type (in %), 2023
Figure 5: Global: Blood Bank Market: Breakup by Bank Type (in %), 2023
Figure 6: Global: Blood Bank Market: Breakup by Function (in %), 2023
Figure 7: Global: Blood Bank Market: Breakup by End User (in %), 2023
Figure 8: Global: Blood Bank Market: Breakup by Region (in %), 2023
Figure 9: Global: Blood Bank (Whole Blood) Market: Sales Value (in Million US$), 2018 & 2023
Figure 10: Global: Blood Bank (Whole Blood) Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 11: Global: Blood Bank (Red Blood Cells) Market: Sales Value (in Million US$), 2018 & 2023
Figure 12: Global: Blood Bank (Red Blood Cells) Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 13: Global: Blood Bank (Platelet) Market: Sales Value (in Million US$), 2018 & 2023
Figure 14: Global: Blood Bank (Platelet) Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 15: Global: Blood Bank (Plasma) Market: Sales Value (in Million US$), 2018 & 2023
Figure 16: Global: Blood Bank (Plasma) Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 17: Global: Blood Bank (White Blood Cells) Market: Sales Value (in Million US$), 2018 & 2023
Figure 18: Global: Blood Bank (White Blood Cells) Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 19: Global: Blood Bank (Private) Market: Sales Value (in Million US$), 2018 & 2023
Figure 20: Global: Blood Bank (Private) Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 21: Global: Blood Bank (Public) Market: Sales Value (in Million US$), 2018 & 2023
Figure 22: Global: Blood Bank (Public) Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 23: Global: Blood Bank (Collection) Market: Sales Value (in Million US$), 2018 & 2023
Figure 24: Global: Blood Bank (Collection) Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 25: Global: Blood Bank (Processing) Market: Sales Value (in Million US$), 2018 & 2023
Figure 26: Global: Blood Bank (Processing) Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 27: Global: Blood Bank (Testing) Market: Sales Value (in Million US$), 2018 & 2023
Figure 28: Global: Blood Bank (Testing) Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 29: Global: Blood Bank (Storage) Market: Sales Value (in Million US$), 2018 & 2023
Figure 30: Global: Blood Bank (Storage) Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 31: Global: Blood Bank (Transportation) Market: Sales Value (in Million US$), 2018 & 2023
Figure 32: Global: Blood Bank (Transportation) Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 33: Global: Blood Bank (Hospital) Market: Sales Value (in Million US$), 2018 & 2023
Figure 34: Global: Blood Bank (Hospital) Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 35: Global: Blood Bank (Ambulatory Surgery Centers) Market: Sales Value (in Million US$), 2018 & 2023
Figure 36: Global: Blood Bank (Ambulatory Surgery Centers) Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 37: Global: Blood Bank (Pharmaceutical Companies) Market: Sales Value (in Million US$), 2018 & 2023
Figure 38: Global: Blood Bank (Pharmaceutical Companies) Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 39: Global: Blood Bank (Clinics and Nursing Homes) Market: Sales Value (in Million US$), 2018 & 2023
Figure 40: Global: Blood Bank (Clinics and Nursing Homes) Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 41: Global: Blood Bank (Other End Users) Market: Sales Value (in Million US$), 2018 & 2023
Figure 42: Global: Blood Bank (Other End Users) Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 43: North America: Blood Bank Market: Sales Value (in Million US$), 2018 & 2023
Figure 44: North America: Blood Bank Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 45: United States: Blood Bank Market: Sales Value (in Million US$), 2018 & 2023
Figure 46: United States: Blood Bank Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 47: Canada: Blood Bank Market: Sales Value (in Million US$), 2018 & 2023
Figure 48: Canada: Blood Bank Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 49: Asia-Pacific: Blood Bank Market: Sales Value (in Million US$), 2018 & 2023
Figure 50: Asia-Pacific: Blood Bank Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 51: China: Blood Bank Market: Sales Value (in Million US$), 2018 & 2023
Figure 52: China: Blood Bank Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 53: Japan: Blood Bank Market: Sales Value (in Million US$), 2018 & 2023
Figure 54: Japan: Blood Bank Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 55: India: Blood Bank Market: Sales Value (in Million US$), 2018 & 2023
Figure 56: India: Blood Bank Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 57: South Korea: Blood Bank Market: Sales Value (in Million US$), 2018 & 2023
Figure 58: South Korea: Blood Bank Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 59: Australia: Blood Bank Market: Sales Value (in Million US$), 2018 & 2023
Figure 60: Australia: Blood Bank Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 61: Indonesia: Blood Bank Market: Sales Value (in Million US$), 2018 & 2023
Figure 62: Indonesia: Blood Bank Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 63: Others: Blood Bank Market: Sales Value (in Million US$), 2018 & 2023
Figure 64: Others: Blood Bank Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 65: Europe: Blood Bank Market: Sales Value (in Million US$), 2018 & 2023
Figure 66: Europe: Blood Bank Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 67: Germany: Blood Bank Market: Sales Value (in Million US$), 2018 & 2023
Figure 68: Germany: Blood Bank Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 69: France: Blood Bank Market: Sales Value (in Million US$), 2018 & 2023
Figure 70: France: Blood Bank Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 71: United Kingdom: Blood Bank Market: Sales Value (in Million US$), 2018 & 2023
Figure 72: United Kingdom: Blood Bank Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 73: Italy: Blood Bank Market: Sales Value (in Million US$), 2018 & 2023
Figure 74: Italy: Blood Bank Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 75: Spain: Blood Bank Market: Sales Value (in Million US$), 2018 & 2023
Figure 76: Spain: Blood Bank Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 77: Russia: Blood Bank Market: Sales Value (in Million US$), 2018 & 2023
Figure 78: Russia: Blood Bank Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 79: Others: Blood Bank Market: Sales Value (in Million US$), 2018 & 2023
Figure 80: Others: Blood Bank Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 81: Latin America: Blood Bank Market: Sales Value (in Million US$), 2018 & 2023
Figure 82: Latin America: Blood Bank Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 83: Brazil: Blood Bank Market: Sales Value (in Million US$), 2018 & 2023
Figure 84: Brazil: Blood Bank Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 85: Mexico: Blood Bank Market: Sales Value (in Million US$), 2018 & 2023
Figure 86: Mexico: Blood Bank Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 87: Others: Blood Bank Market: Sales Value (in Million US$), 2018 & 2023
Figure 88: Others: Blood Bank Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 89: Middle East and Africa: Blood Bank Market: Sales Value (in Million US$), 2018 & 2023
Figure 90: Middle East and Africa: Blood Bank Market: Breakup by Country (in %), 2023
Figure 91: Middle East and Africa: Blood Bank Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 92: Global: Blood Bank Industry: SWOT Analysis
Figure 93: Global: Blood Bank Industry: Value Chain Analysis
Figure 94: Global: Blood Bank Industry: Porter's Five Forces Analysis
List of Tables
Table 1: Global: Blood Bank Market: Key Industry Highlights, 2023 and 2032
Table 2: Global: Blood Bank Market Forecast: Breakup by Product Type (in Million US$), 2024-2032
Table 3: Global: Blood Bank Market Forecast: Breakup by Bank Type (in Million US$), 2024-2032
Table 4: Global: Blood Bank Market Forecast: Breakup by Function (in Million US$), 2024-2032
Table 5: Global: Blood Bank Market Forecast: Breakup by End User (in Million US$), 2024-2032
Table 6: Global: Blood Bank Market Forecast: Breakup by Region (in Million US$), 2024-2032
Table 7: Global: Blood Bank Market: Competitive Structure
Table 8: Global: Blood Bank Market: Key Players

Companies Mentioned

  • American Association of Blood Banks
  • Blood Bank of Alaska
  • Canadian Blood Services
  • Haemonetics Corporation
  • Japanese Red Cross Society
  • New York Blood Center
  • NHS Blood and Transplant
  • Sanquin Bloedvoorziening
  • Terumo Corporation
  • The American National Red Cross
  • Vitalant

Methodology

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Table Information

Report AttributeDetails
No. of Pages138
PublishedApril 2024
Forecast Period2023 - 2032
Estimated Market Value ( USD ) in 2023 $ 17.2 Billion
Forecasted Market Value ( USD ) by 2032 $ 25.1 Billion
Compound Annual Growth Rate4.2%
Regions CoveredGlobal
No. of Companies Mentioned11

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About the Blood Bank Market

The Blood Bank market is a sector of the healthcare industry that focuses on the collection, storage, and distribution of blood and blood products. It is composed of a variety of organizations, including blood donation centers, blood banks, and transfusion services. These organizations are responsible for collecting, testing, processing, and distributing blood and blood products to hospitals, clinics, and other healthcare facilities. The Blood Bank market is highly regulated, with strict guidelines in place to ensure the safety and quality of the blood and blood products. These guidelines include donor screening, testing, and storage requirements. Additionally, the market is subject to government regulations and oversight to ensure the safety of the blood supply. The Blood Bank market is a vital part of the healthcare system, providing a safe and reliable source of blood and blood products for medical treatments. Some companies in the Blood Bank market include American Red Cross, Blood Centers of America, Blood Systems, Inc., and LifeSouth Community Blood Centers. Show Less Read more

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