Global Blood and Organ Bank Market to Reach USD 25,059.98 Million by 2030 | CAGR of 5.4%
Category : Healthcare | Published Date : Nov 2024 | Type : Press Release
Blood and Organ Bank Market Scope & Overview:
In the newly published report, Consegic Business Intelligence states that the Blood and Organ Bank Market was valued at USD 16,679.58 Million in 2022 and is projected to reach USD 25,059.98 Million by 2030, growing at a CAGR of 5.4% from 2023 to 2030. Blood and organ banks are critical centers that collect, process, and store blood and organs for transfusions and transplants. These banks ensure the availability of vital biological materials for various medical applications, including emergency transfusions, surgeries, and transplants.
The report comprises the Blood and Organ Bank Market Share, Size & Industry Analysis, By Services Type (Red Blood Cell Collection, Blood Plasma Collection, Organ Bank, Tissue Bank, Health Screening, All Other Human Blood, Reproductive and Stem Cell Bank, and Others), By End-User (Hospitals, Diagnostic Centers, Ambulatory Surgery Centers, Blood Banks, and Others), and By Region (North America, Europe, Asia-Pacific, Latin America, Middle East & Africa), and Forecast, 2023-2030.
The report contains detailed information on Blood and Organ Bank Market Trends, Opportunities, Value, Growth Rate, Segmentation, Geographical Coverage, Company Profile, In-depth Expert Analysis, Revenue Forecast, Competitive Landscape, Growth Factors, Restraints or Challenges, Environment & Regulatory Landscape, PESTLE Analysis, PORTER Analysis, Key Technology Landscape, Value Chain Analysis, and Cost Analysis.
Rising prevalence of hematological diseases and increased number of accidental cases are driving the market, while high costs and contamination risks may restrain growth.
Segmental Analysis :
By services type, the market is segmented into red blood cell collection, blood plasma collection, organ bank, tissue bank, health screening, all other human blood, reproductive and stem cell bank, and others.
- Red blood cell collection accounted for the largest market share in 2022, representing 31.77% of the market, driven by the high demand for transfusions in trauma cases and chronic anemia.
- Blood plasma collection is expected to grow at the fastest rate, driven by the increasing demand for immunoglobulins and the rising number of plasma donation centers.
By end-user, the market is segmented into hospitals, diagnostic centers, ambulatory surgery centers, blood banks, and others.
- Hospitals held the largest share in 2022 due to the increasing number of surgeries and trauma cases requiring blood transfusions and organ transplants.
- Blood banks are expected to grow at the fastest rate, driven by government initiatives and increased awareness of blood donations.
Based on regions, the global market is segmented into North America, Europe, Asia-Pacific, Latin America, Middle East & Africa.
- North America dominated the market in 2022, with a market share of 37.09%, driven by a strong healthcare infrastructure and high rates of blood donation in the U.S.
- Asia-Pacific is expected to grow at the fastest rate, with a CAGR of 6.1%, due to increasing government initiatives to support blood and organ donations in countries like China and India.
| Report Attributes | Report Details |
| Study Timeline | 2017-2030 |
| Market Size in 2031 | USD 25,059.98 Million |
| CAGR (2023-2030) | 5.4% |
| By Services Type | Red Blood Cell Collection, Blood Plasma Collection, Organ Bank, Tissue Bank, Health Screening, All Other Human Blood, Reproductive and Stem Cell Bank, Others |
| By End-User | Hospitals, Diagnostic Centers, Ambulatory Surgery Centers, Blood Banks, Others |
| By Region | North America(U.S., Canada, Mexico) Europe(U.K., Germany, France, Spain, Italy, Russia, Benelux, Rest of Europe) APAC(China, South Korea, Japan, India, Australia, ASEAN, Rest of Asia-Pacific) Middle East & Africa(GCC, Turkey, South Africa, Rest of MEA) LATAM(Brazil, Argentina, Chile, Rest of LATAM) |
Top Key Players & Competitive Landscape :
The blood and organ bank market is competitive, with both large organizations and numerous smaller enterprises striving to expand their market share.
List of prominent players in the Blood and Organ Bank Industry:
- The American National Red Cross
- New England Donor Services
- New York Blood Center
- The Living Bank
- Musculoskeletal Transplant Foundation
- CBR Systems Inc.
- Vitalant
- Bio Products Laboratory Ltd.
- America's Blood Centers
- Canadian Blood Services
- Terumo BCT Inc.
Recent Industry Developments :
- In January 2022, New York Blood Center merged with Innovative Blood Resources to expand its inventory of blood products.
- In October 2021, Terumo BCT, Inc. launched a USD 60 million manufacturing facility in Costa Rica for the production of medical devices used in blood and cell processing.
