Patient Blood Management Global Market Report 2024

Description

Patient blood management is a patient-centric and evidence-based strategy designed to optimize patient care, particularly for those potentially requiring blood transfusions. It aims to enhance patients' own blood, minimize blood loss during surgeries, and utilize the body's natural reserves to manage anemia, ultimately reducing the reliance on external blood transfusions.

Within patient blood management, products are categorized into instruments, accessories, reagents, kits, and software. These kits play a role in managing a patient's blood. Additionally, patient blood management is categorized by blood components such as plasma, whole blood, and red blood cells, utilized across various healthcare settings including hospitals, clinics, and other medical facilities.

The patient blood management market research report is one of a series of new reports from The Business Research Company that provides patient blood management market statistics, including patient blood management industry global market size, regional shares, competitors with a patient blood management market share, detailed market segments, market trends and opportunities, and any further data you may need to thrive in the patient blood management industry. This patient blood management market research report delivers a complete perspective of everything you need, with an in-depth analysis of the current and future scenario of the industry.

The patient blood management market size has grown strongly in recent years. It will grow from $13.83 billion in 2023 to $14.86 billion in 2024 at a compound annual growth rate (CAGR) of 7.4%. The growth observed in the historical period can be attributed to several factors, including a rising prevalence of chronic diseases, a growing number of surgical procedures being performed, governmental initiatives promoting healthcare, an increased demand for bloodless surgical techniques, the availability of blood substitutes, and a heightened demand for improved quality in healthcare services.

The patient blood management market size is expected to see strongly grown in the next few years. It will grow to $19.07 billion in 2028 at a compound annual growth rate (CAGR) of 6.4%. Anticipated growth in the forecast period can be linked to several key factors, including an aging population, an increased demand for blood products, shifting demographics, a growing emphasis on personalized medicine, a heightened demand for safe and efficient blood transfusion practices, and a rise in healthcare expenditures. Major trends expected during this period encompass a focus on patient-centered care approaches, data-centric decision-making processes, optimizing hemoglobin levels, collaborative care models, and an expanded utilization of autologous blood methods.

The global patient blood management market has seen growth owing to increased accidents, trauma cases, and surgical procedures. The World Health Organization reports an annual death toll of 1.35 million due to road accidents, with low and middle-income countries accounting for 93% of these fatalities. Similarly, in 2021, the Centers for Disease Control and Prevention noted a cesarean birth rate of 32.1% of total births. This surge in incidents has led to heightened demand for blood and its derivatives, significantly driving market growth.

Anticipated market expansion in patient blood management is attributed to the escalating need for blood transfusions. Blood transfusions, crucial in patient blood management, involve the transfer of whole blood or its components to patients. They play pivotal roles in surgeries, treating hemoglobin disorders, anemia, and pre/postoperative care. In 2021, the UK government recorded an increase in blood donations to 1.7 million, indicative of the rising demand for transfusions propelling the market growth.

HEMAsavR, a sterile medical device, is increasingly adopted for capturing and transferring blood in surgical settings to respond swiftly to unforeseen blood loss. This device allows clinicians to collect anticoagulated blood economically without specialized resources, reducing upfront collection costs and potentially avoiding allogenic transfusions. Its use correlates with improved patient outcomes including reduced mortality rates, lower infection incidents, and decreased risk of multi-organ failure.

Key players within the patient blood management market concentrate on innovative products, particularly medical devices facilitating blood transfusions, to bolster revenues. These devices are designed for the safe and efficient transfer of blood or its products between donors and recipients. For instance, in April 2021, EryPharm, a France-based pharmaceutical company specializing in blood management devices, introduced a device aimed at mass-producing cultured red blood cells. This innovation addresses the needs of patients requiring multiple transfusions or affected by conditions impacting red blood cells, potentially enhancing their quality of life.

Major companies operating in the patient blood management market include Haemonetics Corporation, Fresenius SE & Co. KGaA, Terumo Corporation, Immucor Inc., B. Braun Melsungen AG, Macopharma, bioMerieux SA, Asahi Kasei Corporation, KANEKA CORPORATION, Bio-Rad Laboratories Inc., Abbott Laboratories, Grifols, Roche, LIVANOVA PLC, Danaher, Mediware information systems, Kawasumi Laboratories, Haier Biomedical, Diatron MI Zrt., BAG Diagnostics GmbH, Hitachi Ltd., Ortho Clinical Diagnostics, Beckman Coulter Inc., Siemens Healthineers, Thermo Fisher Scientific Inc., Sysmex Corporation, Nihon Kohden Corporation, Radiometer Medical ApS, Instrumentation Laboratory, F. Hoffmann-La Roche Ltd., Grifols Diagnostic Solutions Inc., HemoCue AB, Immucor GTI Diagnostics

North America was the largest region in the patient blood management market in 2023. Western Europe was the second-largest region in the patient blood management market share. The regions covered in the patient blood management market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, and Africa.

The countries covered in the patient blood management market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA, Italy, Spain, Canada.

The patient blood management market includes revenues earned by instruments, blood processing devices, and centrifuges. The market value includes the value of related goods sold by the service provider or included within the service offering. Only goods and services traded between entities or sold to end consumers are included.

The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD, unless otherwise specified).

The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products.

Patient Blood Management Global Market Report 2024 from The Business Research Company provides strategists, marketers and senior management with the critical information they need to assess the market.

This report focuses on patient blood management market which is experiencing strong growth. The report gives a guide to the trends which will be shaping the market over the next ten years and beyond.

Reasons to Purchase

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Measure the impact of high global inflation on market growth.
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Outperform competitors using forecast data and the drivers and trends shaping the market.
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Where is the largest and fastest growing market for patient blood management? How does the market relate to the overall economy, demography and other similar markets? What forces will shape the market going forward? The patient blood management market global report from the Business Research Company answers all these questions and many more.

The report covers market characteristics, size and growth, segmentation, regional and country breakdowns, competitive landscape, market shares, trends and strategies for this market. It traces the market's historic and forecast market growth by geography.

Scope

Markets Covered:

1) By Product: Instruments; Accessories; Reagents And Kits; Software
2) By Component: Plasma; Whole Blood; Red Blood Cells
3) By Application: Hospital; Clinic; Other Applications
Companies Mentioned: Haemonetics Corporation; Fresenius SE & Co. KGaA; Terumo Corporation; Immucor Inc.; B. Braun Melsungen AG
Countries: Australia; Brazil; China; France; Germany; India; Indonesia; Japan; Russia; South Korea; UK; USA; Canada; Italy; Spain
Regions: Asia-Pacific; Western Europe; Eastern Europe; North America; South America; Middle East; Africa
Time series: Five years historic and ten years forecast.
Data: Ratios of market size and growth to related markets, GDP proportions, expenditure per capita,
Data segmentations: country and regional historic and forecast data, market share of competitors, market segments.
Sourcing and Referencing: Data and analysis throughout the report is sourced using end notes.
Delivery format: PDF, Word and Excel Data Dashboard.

Product Code: r13257

1. Executive Summary

2. Patient Blood Management Market Characteristics

3. Patient Blood Management Market Trends And Strategies

4. Patient Blood Management Market - Macro Economic Scenario

4.1. Impact Of High Inflation On the Market
4.2. Ukraine-Russia War Impact On the Market
4.3. COVID-19 Impact On the Market

5. Global Patient Blood Management Market Size and Growth

5.1. Global Patient Blood Management Market Drivers and Restraints
- 5.1.1. Drivers Of The Market
- 5.1.2. Restraints Of The Market
5.2. Global Patient Blood Management Historic Market Size and Growth, 2018 - 2023, Value ($ Billion)
5.3. Global Patient Blood Management Forecast Market Size and Growth, 2023 - 2028, 2033F, Value ($ Billion)

6. Patient Blood Management Market Segmentation

6.1. Global Patient Blood Management Market, Segmentation By Product, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
Instruments
Accessories
Reagents And Kits
Software
6.2. Global Patient Blood Management Market, Segmentation By Component, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
Plasma
Whole Blood
Red Blood Cells
6.3. Global Patient Blood Management Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
Hospital
Clinic
Other Applications

7. Patient Blood Management Market Regional And Country Analysis

7.1. Global Patient Blood Management Market, Split By Region, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
7.2. Global Patient Blood Management Market, Split By Country, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

8. Asia-Pacific Patient Blood Management Market

8.1. Asia-Pacific Patient Blood Management Market Overview
Region Information, Impact Of COVID-19, Market Information, Background Information, Government Initiatives, Regulations, Regulatory Bodies, Major Associations, Taxes Levied, Corporate Tax Structure, Investments, Major Companies
8.2. Asia-Pacific Patient Blood Management Market, Segmentation By Product, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
8.3. Asia-Pacific Patient Blood Management Market, Segmentation By Component, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
8.4. Asia-Pacific Patient Blood Management Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

9. China Patient Blood Management Market

9.1. China Patient Blood Management Market Overview
9.2. China Patient Blood Management Market, Segmentation By Product, Historic and Forecast, 2018-2023, 2023-2028F, 2033F,$ Billion
9.3. China Patient Blood Management Market, Segmentation By Component, Historic and Forecast, 2018-2023, 2023-2028F, 2033F,$ Billion
9.4. China Patient Blood Management Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F,$ Billion

10. India Patient Blood Management Market

10.1. India Patient Blood Management Market, Segmentation By Product, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
10.2. India Patient Blood Management Market, Segmentation By Component, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
10.3. India Patient Blood Management Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

11. Japan Patient Blood Management Market

11.1. Japan Patient Blood Management Market Overview
11.2. Japan Patient Blood Management Market, Segmentation By Product, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
11.3. Japan Patient Blood Management Market, Segmentation By Component, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
11.4. Japan Patient Blood Management Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

12. Australia Patient Blood Management Market

12.1. Australia Patient Blood Management Market, Segmentation By Product, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
12.2. Australia Patient Blood Management Market, Segmentation By Component, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
12.3. Australia Patient Blood Management Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

13. Indonesia Patient Blood Management Market

13.1. Indonesia Patient Blood Management Market, Segmentation By Product, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
13.2. Indonesia Patient Blood Management Market, Segmentation By Component, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
13.3. Indonesia Patient Blood Management Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

14. South Korea Patient Blood Management Market

14.1. South Korea Patient Blood Management Market Overview
14.2. South Korea Patient Blood Management Market, Segmentation By Product, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
14.3. South Korea Patient Blood Management Market, Segmentation By Component, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
14.4. South Korea Patient Blood Management Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

15. Western Europe Patient Blood Management Market

15.1. Western Europe Patient Blood Management Market Overview
15.2. Western Europe Patient Blood Management Market, Segmentation By Product, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
15.3. Western Europe Patient Blood Management Market, Segmentation By Component, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
15.4. Western Europe Patient Blood Management Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

16. UK Patient Blood Management Market

16.1. UK Patient Blood Management Market, Segmentation By Product, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
16.2. UK Patient Blood Management Market, Segmentation By Component, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
16.3. UK Patient Blood Management Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

17. Germany Patient Blood Management Market

17.1. Germany Patient Blood Management Market, Segmentation By Product, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
17.2. Germany Patient Blood Management Market, Segmentation By Component, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
17.3. Germany Patient Blood Management Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

18. France Patient Blood Management Market

18.1. France Patient Blood Management Market, Segmentation By Product, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
18.2. France Patient Blood Management Market, Segmentation By Component, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
18.3. France Patient Blood Management Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

19. Italy Patient Blood Management Market

19.1. Italy Patient Blood Management Market, Segmentation By Product, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
19.2. Italy Patient Blood Management Market, Segmentation By Component, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
19.3. Italy Patient Blood Management Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

20. Spain Patient Blood Management Market

20.1. Spain Patient Blood Management Market, Segmentation By Product, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
20.2. Spain Patient Blood Management Market, Segmentation By Component, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
20.3. Spain Patient Blood Management Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

21. Eastern Europe Patient Blood Management Market

21.1. Eastern Europe Patient Blood Management Market Overview
21.2. Eastern Europe Patient Blood Management Market, Segmentation By Product, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
21.3. Eastern Europe Patient Blood Management Market, Segmentation By Component, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
21.4. Eastern Europe Patient Blood Management Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

22. Russia Patient Blood Management Market

22.1. Russia Patient Blood Management Market, Segmentation By Product, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
22.2. Russia Patient Blood Management Market, Segmentation By Component, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
22.3. Russia Patient Blood Management Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

23. North America Patient Blood Management Market

23.1. North America Patient Blood Management Market Overview
23.2. North America Patient Blood Management Market, Segmentation By Product, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
23.3. North America Patient Blood Management Market, Segmentation By Component, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
23.4. North America Patient Blood Management Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

24. USA Patient Blood Management Market

24.1. USA Patient Blood Management Market Overview
24.2. USA Patient Blood Management Market, Segmentation By Product, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
24.3. USA Patient Blood Management Market, Segmentation By Component, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
24.4. USA Patient Blood Management Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

25. Canada Patient Blood Management Market

25.1. Canada Patient Blood Management Market Overview
25.2. Canada Patient Blood Management Market, Segmentation By Product, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
25.3. Canada Patient Blood Management Market, Segmentation By Component, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
25.4. Canada Patient Blood Management Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

26. South America Patient Blood Management Market

26.1. South America Patient Blood Management Market Overview
26.2. South America Patient Blood Management Market, Segmentation By Product, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
26.3. South America Patient Blood Management Market, Segmentation By Component, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
26.4. South America Patient Blood Management Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

27. Brazil Patient Blood Management Market

27.1. Brazil Patient Blood Management Market, Segmentation By Product, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
27.2. Brazil Patient Blood Management Market, Segmentation By Component, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
27.3. Brazil Patient Blood Management Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

28. Middle East Patient Blood Management Market

28.1. Middle East Patient Blood Management Market Overview
28.2. Middle East Patient Blood Management Market, Segmentation By Product, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
28.3. Middle East Patient Blood Management Market, Segmentation By Component, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
28.4. Middle East Patient Blood Management Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

29. Africa Patient Blood Management Market

29.1. Africa Patient Blood Management Market Overview
29.2. Africa Patient Blood Management Market, Segmentation By Product, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
29.3. Africa Patient Blood Management Market, Segmentation By Component, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
29.4. Africa Patient Blood Management Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

30. Patient Blood Management Market Competitive Landscape And Company Profiles

30.1. Patient Blood Management Market Competitive Landscape
30.2. Patient Blood Management Market Company Profiles
- 30.2.1. Haemonetics Corporation
  - 30.2.1.1. Overview
  - 30.2.1.2. Products and Services
  - 30.2.1.3. Strategy
  - 30.2.1.4. Financial Performance
- 30.2.2. Fresenius SE & Co. KGaA
  - 30.2.2.1. Overview
  - 30.2.2.2. Products and Services
  - 30.2.2.3. Strategy
  - 30.2.2.4. Financial Performance
- 30.2.3. Terumo Corporation
  - 30.2.3.1. Overview
  - 30.2.3.2. Products and Services
  - 30.2.3.3. Strategy
  - 30.2.3.4. Financial Performance
- 30.2.4. Immucor Inc.
  - 30.2.4.1. Overview
  - 30.2.4.2. Products and Services
  - 30.2.4.3. Strategy
  - 30.2.4.4. Financial Performance
- 30.2.5. B. Braun Melsungen AG
  - 30.2.5.1. Overview
  - 30.2.5.2. Products and Services
  - 30.2.5.3. Strategy
  - 30.2.5.4. Financial Performance

31. Global Patient Blood Management Market Competitive Benchmarking

32. Global Patient Blood Management Market Competitive Dashboard

33. Key Mergers And Acquisitions In The Patient Blood Management Market

34. Patient Blood Management Market Future Outlook and Potential Analysis

34.1 Patient Blood Management Market In 2028 - Countries Offering Most New Opportunities
34.2 Patient Blood Management Market In 2028 - Segments Offering Most New Opportunities
34.3 Patient Blood Management Market In 2028 - Growth Strategies
- 34.3.1 Market Trend Based Strategies
- 34.3.2 Competitor Strategies

35. Appendix

35.1. Abbreviations
35.2. Currencies
35.3. Historic And Forecast Inflation Rates
35.4. Research Inquiries
35.5. The Business Research Company
35.6. Copyright And Disclaimer