PUBLISHER: TechSci Research | PRODUCT CODE: 1764193
PUBLISHER: TechSci Research | PRODUCT CODE: 1764193
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The Global Blood Processing Devices and Consumables Market was valued at USD 45.26 billion in 2024 and is projected to reach USD 61.60 billion by 2030, growing at a CAGR of 5.47%. The market includes a broad spectrum of products used in the collection, processing, storage, and transfusion of blood and its components, such as blood bags, centrifuges, cell separators, reagents, and filters. Rising incidences of chronic diseases, increasing surgical procedures, and higher rates of trauma-related cases are driving the sustained demand for blood products and technologies that ensure their safety and efficiency.
Market Overview | |
---|---|
Forecast Period | 2026-2030 |
Market Size 2024 | USD 45.26 Billion |
Market Size 2030 | USD 61.60 Billion |
CAGR 2025-2030 | 5.47% |
Fastest Growing Segment | Devices |
Largest Market | North America |
Growing efforts in both developed and developing countries to strengthen blood safety-through national programs, voluntary donations, and improved inventory systems-are further stimulating the market. Healthcare systems are investing in modernizing blood banks, digitizing donor records, and upgrading storage capabilities. However, adoption may be constrained by the significant costs associated with acquiring and maintaining blood processing equipment, particularly in regions with limited resources.
Key Market Drivers
Growth in Healthcare Industry
The expansion of the global healthcare industry is a core driver of the Blood Processing Devices and Consumables Market. With global healthcare revenues exceeding USD 4 trillion annually, segments such as pharmaceuticals and biotechnology contribute approximately USD 850 billion, while medical technology and diagnostics account for over USD 400 billion. As healthcare systems respond to growing patient populations and the rising burden of both chronic and acute diseases, the need for secure, efficient, and scalable blood management solutions is intensifying. Hospitals, laboratories, and blood banks are increasingly adopting advanced processing equipment and consumables to ensure high standards of patient care and regulatory compliance.
Key Market Challenges
Shortage of Skilled Personnel
A major challenge in the global blood processing devices and consumables market is the shortage of qualified professionals required to manage and operate sophisticated blood processing technologies. As hospitals and laboratories incorporate more advanced systems for blood collection, separation, testing, and storage, the demand for specialized technicians and biomedical engineers is rising. However, the supply of such personnel-particularly in lower-income regions-lags behind market growth.
These systems require precision and expertise to operate safely and efficiently. A lack of skilled staff may lead to procedural errors, wastage, or suboptimal outcomes, deterring healthcare institutions from fully utilizing or investing in modern technologies.
Key Market Trends
Increasing Use of Blood Components in Therapeutics
A significant trend in the blood processing market is the growing preference for using individual blood components over whole blood transfusions. As treatment protocols become more targeted, the use of red blood cells, plasma, platelets, and cryoprecipitates for specific therapeutic needs is on the rise. This shift supports improved clinical precision, reduced risk of transfusion reactions, and optimal utilization of blood donations.
To meet this demand, healthcare providers are adopting sophisticated technologies for accurate separation, storage, and handling of blood components, which in turn is boosting the need for advanced devices and consumables.
Report Scope
In this report, the Global Blood Processing Devices and Consumables Market has been segmented into the following categories, in addition to the industry trends which have also been detailed below:
Company Profiles: Detailed analysis of the major companies present in the Global Blood Processing Devices and Consumables Market.
Available Customizations
Global Blood Processing Devices and Consumables Market report with the given market data, TechSci Research offers customizations according to a company's specific needs. The following customization options are available for the report: