Market Research Report
Blood Bank Market by Product Type, Function, Bank Type, and End User : Global Opportunity Analysis and Industry Forecast, 2018 - 2025
|Published by||Allied Market Research||Product code||724062|
|Published||Content info||230 Pages
Delivery time: 2-3 business days
|Blood Bank Market by Product Type, Function, Bank Type, and End User : Global Opportunity Analysis and Industry Forecast, 2018 - 2025|
|Published: September 1, 2018||Content info: 230 Pages||
Blood Bank Market by Product Type (Whole Blood, Red Blood Cell, Platelet, Plasma, and White Blood Cell), Function (Collection, Processing, Testing, Storage, and Transportation), Bank Type (Private and Public), and End User (Hospital, Ambulatory Surgery Centers, Pharmaceutical Companies, Clinics & Nursing Homes, and Others): Global Opportunity Analysis and Industry Forecast, 2018 - 2025 .
The global blood bank market was valued at $11,527 million in 2017, and is projected to reach $18,649 million by 2025, registering a CAGR of 6.1% from 2018 to 2025. A blood bank is a non-profit organization that engages in all the operations such as collection, processing, testing, storage, and distribution of blood and blood components drawn from donors. A blood bank can be a separate free-standing organization or operates as a part of a hospital. In addition, a blood bank provides safe or disease-free blood for transfusion to save a patient's life and curb the complications that can arise due to severe blood loss.
Blood banks have witnessed an increase in demand, owing to high prevalence of hematological diseases and rise in number of accidental cases across the world. In addition, growth in the geriatric population who is prone to blood disorders and high demand for blood transfusion supplement the market growth. However, wastage of the donated blood and stringent rules & regulations are anticipated to hamper the market growth. On the contrary, blood transfusion in emerging nations is expected to offer significant profitable opportunities for the market players.
The global blood bank market is segmented based on product type, function, bank type, end user, and region. Based on product type, the market is classified as whole blood, red blood cell, platelets, plasma, and white blood cell. The function segment studies collection, processing, testing, storage, and transportation. Based on bank type, the market is segmented into private and public. Depending on end user, the market is classified into hospital, ambulatory surgery center, pharmaceutical companies, clinics & nursing homes, and others. Based on region, the market is studied across North America, Europe, Asia-Pacific, and LAMEA.
(companies not profiled in the report)