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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, By Ownership, By End User, By Region

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  • 119 Pages
  • November 2022
  • Region: Global
  • TechSci Research
  • ID: 5689391
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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.

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.

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.

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Table of Contents

1. Product Type Overview2. Research Methodology3. Executive Summary4. Impact of COVID-19 on Global Blood Banks Market5. 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

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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