Blood Banking Devices Market, By Product Type, By Method of Collection, By End User, By Geography

Description

The global blood banking devices market was valued at US$ 25.25 Bn in 2023 and is expected to reach US$ 42.56 Bn by 2031, growing at a compound annual growth rate (CAGR) of 6.7% from 2024 to 2031.

Report Coverage		Report Details
Base Year:	2023	Market Size in 2023/2024:	US$ 25.25 Bn
Historical Data for:	2019 to 2023	Forecast Period:	2024 - 2031
Forecast Period 2023/2024 to 2030/2031 CAGR:	6.70%	2030/2031 Value Projection:	US$ 42.56 Bn

Figure 1. Global Blood Banking Devices Market Share (%), By Region, 2024

Global blood banking devices market is expected to witness robust growth during the forecast period. The rise in blood-related disorders and trauma cases are increasing the demand for efficient blood transfusion and processing. Advancements in blood collection and processing technologies are improving the screening, collection, and storage of blood and blood components. Devices such as blood collection needles and syringes, blood bags, blood collection monitors, and blood grouping analyzers have fueled the growth of the global blood banking devices market. Stringent regulations regarding blood donation and transfusion with an emphasis on ensuring the quality and safety of blood are further encouraging the adoption of advanced blood banking devices across blood banks and hospitals. Also, a lack of prompt access to safe blood transfusion will raise the need for blood banks to provide blood units in an efficient, secure, and timely manner.

Market Dynamics

Global blood banking devices market is primarily driven by the growing incidence of blood-related disorders and road accidents necessitating blood transfusions. According to the data published by World Health Organization (WHO), around 118.5 million blood donations are collected worldwide annually from voluntary unpaid donors for transfusion purposes. However, the demand for blood far exceeds its supply. This gap between demand and supply is creating significant market potential for blood banking devices. Moreover, technological advancements in blood collection equipment, rising awareness about blood donation, and increasing investments by governments as well as non-profit organizations to ensure adequate and safe blood supply are some other factors anticipated to present attractive opportunities for market players. However, high costs associated with automated blood collection devices and stringent regulatory approvals are some challenges restraining the market growth.

Key features of the study:

This report provides in-depth analysis of the global blood banking devices market, and provides market size (US$ Bn) and compound annual growth rate (CAGR %) for the forecast period (2024-2031), considering 2023 as the base year.
It elucidates potential revenue opportunities across different segments and explains attractive investment proposition matrices for this market.
This study also provides key insights about market drivers, restraints, opportunities, new product launches or approval, market trends, regional outlook, and competitive strategies adopted by key players.
It profiles key players in the global blood banking devices market based on the following parameters such as company highlights, products portfolio, key highlights, financial performance, and strategies.
Key players operating in the global blood banking devices market includes Haemonetics Corporation, Fresenius Kabi, Terumo BCT, Inc., Immucor, Macopharma, B. Braun, Grifols, Beckman Coulter, and Sarstedt.
Insights from this report would allow marketers and the management authorities of the companies to make informed decisions regarding their future product launches, type up-gradation, market expansion, and marketing tactics.
Global blood banking devices market report caters to various stakeholders in this industry including investors, suppliers, product manufacturers, distributors, new entrants, and financial analysts.
Stakeholders would have ease in decision-making through various strategy matrices used in analyzing the global blood banking devices market.

Detailed Segmentation:

Global Blood Banking Devices Market, By Product Type:
- Blood Collection Devices
- Blood Processing Devices
- Blood Storage Devices
- Blood Transfusion Devices
- Blood Grouping/Testing Reagents
- Others
Global Blood Banking Devices Market, By Method of Collection:
- Manual Blood Collection
- Automated Blood Collection
Global Blood Banking Devices Market, By End User:
- Hospitals
- Clinics
- Blood Banks
- Others
Global Blood Banking Devices Market, By Region
- North America
- Europe
- Asia Pacific
- Latin America
- Middle East & Africa
Top Companies in the Global Blood Banking Devices Market:
- Haemonetics Corporation
- Fresenius Kabi
- Terumo BCT, Inc.
- Immucor
- Macopharma
- Braun
- Grifols
- Beckman Coulter
- Sarstedt

Product Code: CMI1980

1. Research Objectives and Assumptions

Research Objectives
Assumptions
Abbreviations

2. Market Purview

Report Description
- Market Definition and Scope
Executive Summary
- Market Snippet, By Product Type
- Market Snippet, By Method of Collection
- Market Snippet, By End User
- Market Snippet, By Region
Coherent Opportunity Map (COM)

3. Market Dynamics, Regulations, and Trends Analysis

Market Dynamics
- Driver
Increasing product launch by key market players
Growing demand for blood and blood-derived products
Increasing blood disorders and rising accident rates
Technological advancements in blood collection and processing
- Restrain
Shortage of voluntary blood donors
High capital investment and maintenance costs
Stringent regulatory framework and complex licensing procedures
- Opportunities
Emerging markets in developing nations
Growing R&D in separation technologies
Increasing adoption of automated instruments
Key Highlights
Regulatory Scenario
Recent Trends
Product Launches/Approvals
PEST Analysis
PORTER's Analysis
Mergers, Acquisitions, and Collaborations

4. Global Blood Banking Devices Market - Impact of Coronavirus (COVID-19) Pandemic

COVID-19 Epidemiology
Supply Side and Demand Side Analysis
Economic Impact

5. Global Blood Banking Devices Market, By Product Type, 2019-2031, (US$ Bn)

Introduction
- Market Share Analysis, 2024 and 2031 (%)
- Y-o-Y Growth Analysis, 2020 - 2031
- Segment Trends
Blood Collection Devices
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, 2019-2031, (US$ Bn)
Blood Processing Devices
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, 2019-2031, (US$ Bn)
Blood Storage Devices
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, 2019-2031, (US$ Bn)
Blood Transfusion Devices
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, 2019-2031, (US$ Bn)
Blood Grouping/Testing Reagents
- Introduction
Market Size and Forecast, and Y-o-Y Growth, 2019-2031, (US$ Bn)
- Others
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, 2019-2031, (US$ Bn)

6. Global Blood Banking Devices Market, By Method of Collection, 2019-2031, (US$ Bn)

Introduction
- Market Share Analysis, 2024 and 2031 (%)
- Y-o-Y Growth Analysis, 2020 - 2031
- Segment Trends
Manual Blood Collection
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, 2019-2031, (US$ Bn)
Automated Blood Collection
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, 2019-2031, (US$ Bn)

7. Global Blood Banking Devices Market, By End User, 2019-2031, (US$ Bn)

Introduction
- Market Share Analysis, 2024 and 2031 (%)
- Y-o-Y Growth Analysis, 2020 - 2031
Segment Trends
- Hospitals
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, 2019-2031, (US$ Bn)
Clinics
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, 2019-2031, (US$ Bn)
Blood Banks
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, 2019-2031, (US$ Bn)
Others
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, 2019-2031, (US$ Bn)

8. Global Blood Banking Devices Market, By Region, 2019-2031, (US$ Bn)

Introduction
- Market Share Analysis, By Region, 2024 and 2031 (%)
- Y-o-Y Growth Analysis, For Region, 2020 - 2031
- Segment Trends
North America
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, By Product Type, 2019-2031, (US$ Bn)
- Market Size and Forecast, and Y-o-Y Growth, By Method of Collection, 2019-2031, (US$ Bn)
- Market Size and Forecast, and Y-o-Y Growth, By End User, 2019-2031, (US$ Bn)
- Market Size and Forecast, and Y-o-Y Growth, By Country, 2019-2031, (US$ Bn)
U.S.
Canada
Europe
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, By Product Type, 2019-2031, (US$ Bn)
- Market Size and Forecast, and Y-o-Y Growth, By Method of Collection, 2019-2031, (US$ Bn)
- Market Size and Forecast, and Y-o-Y Growth, By End User, 2019-2031, (US$ Bn)
- Market Size and Forecast, and Y-o-Y Growth, By Country, 2019-2031, (US$ Bn)
Germany
U.K.
France
Italy
Spain
Russia
Rest of Europe
Asia Pacific
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, By Product Type, 2019-2031, (US$ Bn)
- Market Size and Forecast, and Y-o-Y Growth, By Method of Collection, 2019-2031, (US$ Bn)
- Market Size and Forecast, and Y-o-Y Growth, By End User, 2019-2031, (US$ Bn)
- Market Size and Forecast, and Y-o-Y Growth, By Country, 2019-2031, (US$ Bn)
China
India
Japan
Australia
South Korea
ASEAN
Rest of Asia Pacific
Latin America
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, By Product Type, 2019-2031, (US$ Bn)
- Market Size and Forecast, and Y-o-Y Growth, By Method of Collection, 2019-2031, (US$ Bn)
- Market Size and Forecast, and Y-o-Y Growth, By End User, 2019-2031, (US$ Bn)
- Market Size and Forecast, and Y-o-Y Growth, By Country, 2019-2031, (US$ Bn)
Brazil
Mexico
Argentina
Rest of Latin America
Middle East
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, By Product Type, 2019-2031, (US$ Bn)
- Market Size and Forecast, and Y-o-Y Growth, By Method of Collection, 2019-2031, (US$ Bn)
- Market Size and Forecast, and Y-o-Y Growth, By End User, 2019-2031, (US$ Bn)
- Market Size and Forecast, and Y-o-Y Growth, By Country, 2019-2031, (US$ Bn)
GCC Countries
Israel
Rest of Middle East
Africa
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, By Product Type, 2019-2031, (US$ Bn)
- Market Size and Forecast, and Y-o-Y Growth, By Method of Collection, 2019-2031, (US$ Bn)
- Market Size and Forecast, and Y-o-Y Growth, By End User, 2019-2031, (US$ Bn)
- Market Size and Forecast, and Y-o-Y Growth, By Country/Region, 2019-2031, (US$ Bn)
South Africa
Central Africa
North Africa

9. Competitive Landscape

Company Profile
- Haemonetics Corporation
Company Highlights
Product Portfolio
Key Developments
Financial Performance
Strategies
- Fresenius Kabi
Company Highlights
Product Portfolio
Key Developments
Financial Performance
Strategies
- Terumo BCT, Inc.
Company Highlights
Product Portfolio
Key Developments
Financial Performance
Strategies
- Immucor
Company Highlights
Product Portfolio
Key Developments
Financial Performance
Strategies
- Macopharma
Company Highlights
Product Portfolio
Key Developments
Financial Performance
Strategies
- Braun
- Grifols
- Beckman Coulter
- Sarstedt
Analyst Views

10. Section

References
Research Methodology
About us