Blood Bank Global Market Report 2024

Description

“Blood Bank 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 blood bank 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

Gain a truly global perspective with the most comprehensive report available on this market covering 50+ geographies.
Understand how the market has been affected by the COVID-19 and how it is responding as the impact of the virus abates.
Assess the Russia - Ukraine war's impact on agriculture, energy and mineral commodity supply and its direct and indirect impact on the market.
Measure the impact of high global inflation on market growth.
Create regional and country strategies on the basis of local data and analysis.
Identify growth segments for investment.
Outperform competitors using forecast data and the drivers and trends shaping the market.
Understand customers based on the latest market shares.
Benchmark performance against key competitors.
Suitable for supporting your internal and external presentations with reliable high quality data and analysis
Report will be updated with the latest data and delivered to you within 3-5 working days of order along with an Excel data sheet for easy data extraction and analysis.
All data from the report will also be delivered in an excel dashboard format.

Where is the largest and fastest growing market for blood bank? How does the market relate to the overall economy, demography and other similar markets? What forces will shape the market going forward? “The blood bank 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 Bank Type: Private Blood Bank; Public Blood Bank
2) By Function: Collection; Processing; Testing; Storage; Transportation
3) By Product Type: Whole Blood; Red Blood Cells; Platelet; Plasma; White Blood Cells
4) By End User: Hospitals; Ambulatory Surgical Centers; Clinics; Pharmaceutical Companies
Companies Mentioned: American Association of Blood Banks; Blood Bank of Alaska; Canadian Blood Services; The Japanese Red Cross Society; New York Blood Center
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.

Executive Summary

A blood bank is an establishment or entity dedicated to gathering, examining, handling, and preserving donated blood for utilization in transfusions or other medical interventions. This critical function ensures a reliable and secure source of blood for patients requiring transfusions due to surgeries, injuries, or medical conditions.

The primary product categories offered by a blood bank encompass whole blood, red blood cells, platelets, plasma, and white blood cells. Whole blood comprises red blood cells, white blood cells, and platelets suspended in plasma, serving purposes such as treating substantial blood loss, exchange transfusions, and autologous donations (where individuals donate blood for their own use). These products are organized based on various functions including collection, processing, testing, storage, and transportation. Blood banks come in different types, such as private and public, and serve diverse end-users such as hospitals, ambulatory surgical centers, clinics, and pharmaceutical companies.

The blood bank market research report is one of a series of new reports from The Business Research Company that provides blood bank market statistics, including blood bank industry global market size, regional shares, competitors with a blood bank market share, detailed blood bank market segments, market trends and opportunities, and any further data you may need to thrive in the blood bank industry. This blood bank 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 blood bank market size has grown strongly in recent years. It will grow from $16.91 billion in 2023 to $17.98 billion in 2024 at a compound annual growth rate (CAGR) of 6.3%. The growth observed in the historical period can be attributed to an escalation in trauma cases, surgical interventions, blood-related disorders, chronic illnesses, and advancements in maternal health care.

The blood bank market size is expected to see strong growth in the next few years. It will grow to $23.17 billion in 2028 at a compound annual growth rate (CAGR) of 6.5%. Anticipated growth in the upcoming period can be linked to the expansion into emerging markets, the integration of telemedicine and remote blood banking services, advancements in gene editing and therapies, global health crises response, and the increasing population of elderly individuals. Key trends expected in the forecast period encompass broadening diversity within the donor pool, the implementation of blood utilization review programs, the extended scope of cord blood banking, the application of blockchain technology in tracking the blood supply chain

The blood bank market is poised for growth due to an increasing frequency of accidents, creating a higher demand for immediate blood transfusions to address injuries and blood loss resulting from accidents such as car crashes and workplace incidents. A June 2022 report from the World Health Organization (WHO) highlighted the global impact, with road traffic crashes alone causing approximately 1.3 million deaths, while non-fatal injuries affected 20 to 50 million individuals. The majority of these incidents occurred in low- and middle-income countries, emphasizing the critical role blood banks play in responding to accident-related medical needs. This trend is anticipated to significantly drive the blood bank market.

The blood bank market is also expected to experience growth propelled by the increasing geriatric population. With a rising number of elderly individuals globally facing chronic illnesses requiring periodic transfusions, blood banks play a vital role in supporting their healthcare needs. According to October 2022 data from the World Health Organization, projections indicate that by 2030, 1 in 6 people globally will be 60 or older, reaching 2.1 billion by 2050. A separate report from June 2021, sourced from the UK Parliament's House of Commons Library, highlighted a growing senior population in the UK, expected to constitute 24% of the total population (17.4 million people) by 2043. This demographic shift is a significant driver for the blood bank market.

In the blood bank market, technological advancements have emerged as a prominent trend, with major companies in blood collection and storage continually innovating to meet the industry's growing demands and expand their global presence. In January 2023, Abbott Laboratories, a US-based multinational medical devices and healthcare company, partnered with Blood Centers of America, an independent US-based blood center, to introduce a mixed reality application integrated with Abbott technology. This consumer-focused application aims to enhance the blood donation experience, attract new donors, and inspire younger generations to participate in blood donation. Technological innovation is becoming a key differentiator in the competitive landscape of the blood bank market.

Major players in the blood bank market are actively engaging in strategic partnerships as part of their business strategy to boost revenues. These partnerships involve collaborative efforts where companies leverage each other's strengths and resources for mutual benefits. An example of this is the collaboration between Blood Bank Computer Systems, Inc. (BBCS), a US-based software company, and Bloodbuy, a US-based biotechnology company. In August 2023, BBCS and Bloodbuy partnered to integrate BBCS' newly launched ForLife Biologics Platform with Bloodbuy. This integration aims to streamline engagement between blood center customers and their national resource-sharing counterparts. By eliminating manual data transfer processes, the collaboration enhances user productivity, data quality, and user satisfaction by automating repetitive tasks.

In April 2022, BioIVT, a US-based biospecimens, research models, and services provider, acquired Tennessee Blood Services (TBS), a US-based commercial blood bank specializing in whole blood and blood products for diagnostic purposes. This acquisition allows BioIVT to enhance control over its supply chain for normal blood products and gain management of its ninth blood donor center. These strategic partnerships and acquisitions demonstrate the proactive approach of major companies in the blood bank market to strengthen their market position and drive business growth.

Major companies operating in the blood bank market report are American Association of Blood Banks, Blood Bank of Alaska, Canadian Blood Services, The Japanese Red Cross Society, New York Blood Center, NHS Blood And Transplant, Sanquin Blood Supply Foundation, The American Red Cross, Vitalant, America's Blood Centers, Australian Red Cross, Terumo Corporation, Haemonetics Corporation, National Blood Transfusion Council, Shire Plc, Abbott, Beckman Coulter Inc., Polymedicure, Thermo Fisher Scientific Inc., Becton Dickinson and Company, Bio-Rad Laboratories Inc., F. Hoffman La Roche, Siemens Healthcare Private Limited, BioMerieux, CSL Behring, Takeda, Octapharma, Kedrion, Macopharma, Fresenius Kabi AG, B. Braun Melsungen AG, Grifols SA, Hologic Inc., Ortho Clinical Diagnostics, Merck KGaA, Roche Diagnostics, Quotient Limited .

North America was the largest region in the blood bank market in 2023. Asia-Pacific is expected to be the fastest-growing region in the blood bank market report during the forecast period. The regions covered in the blood bank market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa

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

The blood bank market includes revenues earned through entities by blood products derived from blood including albumin, immune globulin, specific immune globulins, and clotting factor concentrates. Values in this market are 'factory gate' values, that is the value of goods sold by the manufacturers or creators of the goods, whether to other entities (including downstream manufacturers, wholesalers, distributors, and retailers) or directly to end customers. The value of goods in this market includes related services sold by the creators of the goods.

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.

Product Code: r10798

1. Executive Summary

2. Blood Bank Market Characteristics

3. Blood Bank Market Trends And Strategies

4. Blood Bank 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 Blood Bank Market Size and Growth

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

6. Blood Bank Market Segmentation

6.1. Global Blood Bank Market, Segmentation By Bank Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
Private Blood Bank
Public Blood Bank
6.2. Global Blood Bank Market, Segmentation By Function, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
Collection
Processing
Testing
Storage
Transportation
6.3. Global Blood Bank Market, Segmentation By Product Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
Whole Blood
Red Blood Cells
Platelet
Plasma
White Blood Cells
6.4. Global Blood Bank Market, Segmentation By End User, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
Hospitals
Ambulatory Surgical Centers
Clinics
Pharmaceutical Companies

7. Blood Bank Market Regional And Country Analysis

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

8. Asia-Pacific Blood Bank Market

8.1. Asia-Pacific Blood Bank 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 Blood Bank Market, Segmentation By Bank Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
8.3. Asia-Pacific Blood Bank Market, Segmentation By Function, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
8.4. Asia-Pacific Blood Bank Market, Segmentation By End User, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

9. China Blood Bank Market

9.1. China Blood Bank Market Overview
9.2. China Blood Bank Market, Segmentation By Bank Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F,$ Billion
9.3. China Blood Bank Market, Segmentation By Function, Historic and Forecast, 2018-2023, 2023-2028F, 2033F,$ Billion
9.4. China Blood Bank Market, Segmentation By End User, Historic and Forecast, 2018-2023, 2023-2028F, 2033F,$ Billion

10. India Blood Bank Market

10.1. India Blood Bank Market, Segmentation By Bank Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
10.2. India Blood Bank Market, Segmentation By Function, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
10.3. India Blood Bank Market, Segmentation By End User, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

11. Japan Blood Bank Market

11.1. Japan Blood Bank Market Overview
11.2. Japan Blood Bank Market, Segmentation By Bank Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
11.3. Japan Blood Bank Market, Segmentation By Function, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
11.4. Japan Blood Bank Market, Segmentation By End User, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

12. Australia Blood Bank Market

12.1. Australia Blood Bank Market, Segmentation By Bank Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
12.2. Australia Blood Bank Market, Segmentation By Function, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
12.3. Australia Blood Bank Market, Segmentation By End User, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

13. Indonesia Blood Bank Market

13.1. Indonesia Blood Bank Market, Segmentation By Bank Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
13.2. Indonesia Blood Bank Market, Segmentation By Function, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
13.3. Indonesia Blood Bank Market, Segmentation By End User, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

14. South Korea Blood Bank Market

14.1. South Korea Blood Bank Market Overview
14.2. South Korea Blood Bank Market, Segmentation By Bank Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
14.3. South Korea Blood Bank Market, Segmentation By Function, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
14.4. South Korea Blood Bank Market, Segmentation By End User, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

15. Western Europe Blood Bank Market

15.1. Western Europe Blood Bank Market Overview
15.2. Western Europe Blood Bank Market, Segmentation By Bank Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
15.3. Western Europe Blood Bank Market, Segmentation By Function, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
15.4. Western Europe Blood Bank Market, Segmentation By End User, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

16. UK Blood Bank Market

16.1. UK Blood Bank Market, Segmentation By Bank Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
16.2. UK Blood Bank Market, Segmentation By Function, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
16.3. UK Blood Bank Market, Segmentation By End User, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

17. Germany Blood Bank Market

17.1. Germany Blood Bank Market, Segmentation By Bank Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
17.2. Germany Blood Bank Market, Segmentation By Function, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
17.3. Germany Blood Bank Market, Segmentation By End User, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

18. France Blood Bank Market

18.1. France Blood Bank Market, Segmentation By Bank Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
18.2. France Blood Bank Market, Segmentation By Function, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
18.3. France Blood Bank Market, Segmentation By End User, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

19. Italy Blood Bank Market

19.1. Italy Blood Bank Market, Segmentation By Bank Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
19.2. Italy Blood Bank Market, Segmentation By Function, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
19.3. Italy Blood Bank Market, Segmentation By End User, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

20. Spain Blood Bank Market

20.1. Spain Blood Bank Market, Segmentation By Bank Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
20.2. Spain Blood Bank Market, Segmentation By Function, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
20.3. Spain Blood Bank Market, Segmentation By End User, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

21. Eastern Europe Blood Bank Market

21.1. Eastern Europe Blood Bank Market Overview
21.2. Eastern Europe Blood Bank Market, Segmentation By Bank Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
21.3. Eastern Europe Blood Bank Market, Segmentation By Function, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
21.4. Eastern Europe Blood Bank Market, Segmentation By End User, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

22. Russia Blood Bank Market

22.1. Russia Blood Bank Market, Segmentation By Bank Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
22.2. Russia Blood Bank Market, Segmentation By Function, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
22.3. Russia Blood Bank Market, Segmentation By End User, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

23. North America Blood Bank Market

23.1. North America Blood Bank Market Overview
23.2. North America Blood Bank Market, Segmentation By Bank Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
23.3. North America Blood Bank Market, Segmentation By Function, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
23.4. North America Blood Bank Market, Segmentation By End User, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

24. USA Blood Bank Market

24.1. USA Blood Bank Market Overview
24.2. USA Blood Bank Market, Segmentation By Bank Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
24.3. USA Blood Bank Market, Segmentation By Function, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
24.4. USA Blood Bank Market, Segmentation By End User, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

25. Canada Blood Bank Market

25.1. Canada Blood Bank Market Overview
25.2. Canada Blood Bank Market, Segmentation By Bank Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
25.3. Canada Blood Bank Market, Segmentation By Function, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
25.4. Canada Blood Bank Market, Segmentation By End User, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

26. South America Blood Bank Market

26.1. South America Blood Bank Market Overview
26.2. South America Blood Bank Market, Segmentation By Bank Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
26.3. South America Blood Bank Market, Segmentation By Function, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
26.4. South America Blood Bank Market, Segmentation By End User, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

27. Brazil Blood Bank Market

27.1. Brazil Blood Bank Market, Segmentation By Bank Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
27.2. Brazil Blood Bank Market, Segmentation By Function, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
27.3. Brazil Blood Bank Market, Segmentation By End User, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

28. Middle East Blood Bank Market

28.1. Middle East Blood Bank Market Overview
28.2. Middle East Blood Bank Market, Segmentation By Bank Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
28.3. Middle East Blood Bank Market, Segmentation By Function, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
28.4. Middle East Blood Bank Market, Segmentation By End User, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

29. Africa Blood Bank Market

29.1. Africa Blood Bank Market Overview
29.2. Africa Blood Bank Market, Segmentation By Bank Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
29.3. Africa Blood Bank Market, Segmentation By Function, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
29.4. Africa Blood Bank Market, Segmentation By End User, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

30. Blood Bank Market Competitive Landscape And Company Profiles

30.1. Blood Bank Market Competitive Landscape
30.2. Blood Bank Market Company Profiles
- 30.2.1. American Association of Blood Banks
  - 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. Blood Bank of Alaska
  - 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. Canadian Blood Services
  - 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. The Japanese Red Cross Society
  - 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. New York Blood Center
  - 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 Blood Bank Market Competitive Benchmarking

32. Global Blood Bank Market Competitive Dashboard

33. Key Mergers And Acquisitions In The Blood Bank Market

34. Blood Bank Market Future Outlook and Potential Analysis

34.1 Blood Bank Market In 2028 - Countries Offering Most New Opportunities
34.2 Blood Bank Market In 2028 - Segments Offering Most New Opportunities
34.3 Blood Bank 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