Press release
Leading Element Driving Change in the Blood Market in 2025: Surge In Surgeries Boosts Growth Of The Blood Market Driver
What Is the Estimated Market Size and Growth Rate for the Blood Market?
The market size for blood has experienced significant expansion in recent years. From $8.32 billion in 2024, it is anticipated to grow to $8.86 billion in 2025, with a compound annual growth rate (CAGR) of 6.6%. Factors such as augmented demand for blood and plasma, rising surgical procedures, a swelling global populace, growing occurrences of chronic ailments, and an increased number of blood banks contribute to the expansion experienced in the historic period.
In the coming years, the blood market is forecasted to experience robust growth, reaching $11.28 billion in 2029 with a Compound Annual Growth Rate (CAGR) of 6.2%. Factors contributing to this anticipated growth in the projected period include supportive government policies, an increase in the aging population, higher knowledge about blood donation, and a surge in blood transfusion procedures, coupled with a rise in the count of ambulatory surgical centers (ASCS). Additionally, during the forecast period, significant trends to watch will be progress in blood transfusion and blood screening instruments, digitalized immunoassays, intelligent blood bank inventory management systems, tech innovations, as well as accurate temperature monitoring and control.
What Factors Are Fueling Growth in the Blood Market?
The growth of the blood market is predicted to be fuelled by the escalating number of surgeries. Advancements in medical technology, an aging population, and the increase in chronic disease cases are driving up surgical numbers. Blood plays a crucial role in surgical procedures, as it delivers oxygen and nutrients, helps in clotting to manage bleeding, and strengthens the immune response to fight infections. For example, the Australian Institute of Health and Welfare, a government organization based in Australia, reported in December 2023 that there was an 18% increase from 2021-2022 in patients admitted for surgery from public hospital elective surgery waiting lists in the period 2022-2023, recording a total of 735,500 patients. Consequently, the surge in surgical procedures is propelling the blood market's growth in the future.
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Who Are the Dominant Companies Influencing Blood Market Trends?
Major companies operating in the blood market are Cardinal Health Inc., Roche Holding AG, Thermo Fisher Scientific Inc., Abbott Laboratories, Medtronic Plc, Danaher Corp., Merck KGaA, Asahi Kasei Medical Co. Ltd., Henry Schein Inc., Medline Industries Inc., B. Braun Melsungen AG, Grifols SA, Terumo Corp., Nipro Corp., QuidelOrtho Corp., Bio Rad Laboratories Inc., LivaNova PLC, Haemonetics Corp., Macopharma, DIAGAST SAS, BAG Health Care GmbH, Kawasumi Laboratories America Inc
How Is the Blood Market Evolving?
Leading enterprises in the blood market are focusing on enhancing efficiency, ensuring donor safety, and boosting the quality of blood derivatives by creating innovative blood transfusion devices like plasma gathering systems. Plasma collection tools are instruments that obtain plasma from a person's blood by separating it from other constituents and subsequently returning the remaining blood to the donor via a process known as plasmapheresis. In a notable development in March 2022, Terumo Blood and Cell Technologies, an American firm specializing in blood components and cellular technology, secured approval from the Food and Drug Administration for its Rika Plasma Donation System (Rika). This cutting-edge plasma collection system is designed to improve the plasma donation process for both employees and donors. It emphasizes safety by minimizing operator errors and streamlining the plasma collection time to 35 minutes or less. Additionally, Rika ensures that at any given instance, not more than 200 milliliters of blood are outside the donor's body and also incorporates a sophisticated control system for the operators.
What Are the Different Segmentations in the Blood Market?
The blood market covered in this report is segmented -
1) By Product: Whole Blood Collection And Processing, Source Plasma Collection, Blood Typing Products, Blood Screening Products
2) By Mode of Delivery: Infusion Solutions, Gels, Sprays, Biomedical Sealants
3) By End User: Blood And Blood Component Bank, Diagnostic Laboratories, Ambulatory Surgical Centers, Hospitals, Other End Users
Subsegments:
1) By Whole Blood Collection And Processing: Blood Collection Bags, Blood Processing Kits, Blood Separation Systems, Blood Donation Kits
2) By Source Plasma Collection: Plasma Collection Kits, Automated Plasma Collection Systems, Plasma Freezers And Storage Equipment
3) By Blood Typing Products: Blood Typing Reagents, Blood Typing Kits (Manual And Automated), Blood Grouping Solutions
4) By Blood Screening Products: Blood Screening Reagents, Blood Screening Systems (Automated And Manual), Infectious Disease Testing Kits, Hemoglobin Testing Kits
Pre-Book Your Report Now For A Swift Delivery:
https://www.thebusinessresearchcompany.com/report/blood-global-market-report
Which Region Is at the Forefront of the Blood Market?
North America was the largest region in the blood market in 2024. Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in the blood market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.
What Is Covered In The Blood Global Market Report?
- Market Size Analysis: Analyze the Blood Market size by key regions, countries, product types, and applications.
- Market Segmentation Analysis: Identify various subsegments within the Blood Market for effective categorization.
- Key Player Focus: Focus on key players to define their market value, share, and competitive landscape.
- Growth Trends Analysis: Examine individual growth trends and prospects in the Market.
- Market Contribution: Evaluate contributions of different segments to the overall Blood Market growth.
- Growth Drivers: Detail key factors influencing market growth, including opportunities and drivers.
- Industry Challenges: Analyze challenges and risks affecting the Blood Market.
- Competitive Developments: Analyze competitive developments, such as expansions, agreements, and new product launches in the market.
Unlock Exclusive Market Insights - Purchase Your Research Report Now!
https://www.thebusinessresearchcompany.com/purchaseoptions.aspx?id=18265
Connect with us on:
LinkedIn: https://in.linkedin.com/company/the-business-research-company,
Twitter: https://twitter.com/tbrc_info,
YouTube: https://www.youtube.com/channel/UC24_fI0rV8cR5DxlCpgmyFQ.
Contact Us
Europe: +44 207 1930 708,
Asia: +91 88972 63534,
Americas: +1 315 623 0293 or
Email: mailto:info@tbrc.info
Learn More About The Business Research Company
With over 15,000+ reports from 27 industries covering 60+ geographies, The Business Research Company has built a reputation for offering comprehensive, data-rich research and insights. Our flagship product, the Global Market Model delivers comprehensive and updated forecasts to support informed decision-making.
The market size for blood has experienced significant expansion in recent years. From $8.32 billion in 2024, it is anticipated to grow to $8.86 billion in 2025, with a compound annual growth rate (CAGR) of 6.6%. Factors such as augmented demand for blood and plasma, rising surgical procedures, a swelling global populace, growing occurrences of chronic ailments, and an increased number of blood banks contribute to the expansion experienced in the historic period.
In the coming years, the blood market is forecasted to experience robust growth, reaching $11.28 billion in 2029 with a Compound Annual Growth Rate (CAGR) of 6.2%. Factors contributing to this anticipated growth in the projected period include supportive government policies, an increase in the aging population, higher knowledge about blood donation, and a surge in blood transfusion procedures, coupled with a rise in the count of ambulatory surgical centers (ASCS). Additionally, during the forecast period, significant trends to watch will be progress in blood transfusion and blood screening instruments, digitalized immunoassays, intelligent blood bank inventory management systems, tech innovations, as well as accurate temperature monitoring and control.
What Factors Are Fueling Growth in the Blood Market?
The growth of the blood market is predicted to be fuelled by the escalating number of surgeries. Advancements in medical technology, an aging population, and the increase in chronic disease cases are driving up surgical numbers. Blood plays a crucial role in surgical procedures, as it delivers oxygen and nutrients, helps in clotting to manage bleeding, and strengthens the immune response to fight infections. For example, the Australian Institute of Health and Welfare, a government organization based in Australia, reported in December 2023 that there was an 18% increase from 2021-2022 in patients admitted for surgery from public hospital elective surgery waiting lists in the period 2022-2023, recording a total of 735,500 patients. Consequently, the surge in surgical procedures is propelling the blood market's growth in the future.
Get Your Free Sample Now - Explore Exclusive Market Insights:
https://www.thebusinessresearchcompany.com/sample.aspx?id=18265&type=smp
Who Are the Dominant Companies Influencing Blood Market Trends?
Major companies operating in the blood market are Cardinal Health Inc., Roche Holding AG, Thermo Fisher Scientific Inc., Abbott Laboratories, Medtronic Plc, Danaher Corp., Merck KGaA, Asahi Kasei Medical Co. Ltd., Henry Schein Inc., Medline Industries Inc., B. Braun Melsungen AG, Grifols SA, Terumo Corp., Nipro Corp., QuidelOrtho Corp., Bio Rad Laboratories Inc., LivaNova PLC, Haemonetics Corp., Macopharma, DIAGAST SAS, BAG Health Care GmbH, Kawasumi Laboratories America Inc
How Is the Blood Market Evolving?
Leading enterprises in the blood market are focusing on enhancing efficiency, ensuring donor safety, and boosting the quality of blood derivatives by creating innovative blood transfusion devices like plasma gathering systems. Plasma collection tools are instruments that obtain plasma from a person's blood by separating it from other constituents and subsequently returning the remaining blood to the donor via a process known as plasmapheresis. In a notable development in March 2022, Terumo Blood and Cell Technologies, an American firm specializing in blood components and cellular technology, secured approval from the Food and Drug Administration for its Rika Plasma Donation System (Rika). This cutting-edge plasma collection system is designed to improve the plasma donation process for both employees and donors. It emphasizes safety by minimizing operator errors and streamlining the plasma collection time to 35 minutes or less. Additionally, Rika ensures that at any given instance, not more than 200 milliliters of blood are outside the donor's body and also incorporates a sophisticated control system for the operators.
What Are the Different Segmentations in the Blood Market?
The blood market covered in this report is segmented -
1) By Product: Whole Blood Collection And Processing, Source Plasma Collection, Blood Typing Products, Blood Screening Products
2) By Mode of Delivery: Infusion Solutions, Gels, Sprays, Biomedical Sealants
3) By End User: Blood And Blood Component Bank, Diagnostic Laboratories, Ambulatory Surgical Centers, Hospitals, Other End Users
Subsegments:
1) By Whole Blood Collection And Processing: Blood Collection Bags, Blood Processing Kits, Blood Separation Systems, Blood Donation Kits
2) By Source Plasma Collection: Plasma Collection Kits, Automated Plasma Collection Systems, Plasma Freezers And Storage Equipment
3) By Blood Typing Products: Blood Typing Reagents, Blood Typing Kits (Manual And Automated), Blood Grouping Solutions
4) By Blood Screening Products: Blood Screening Reagents, Blood Screening Systems (Automated And Manual), Infectious Disease Testing Kits, Hemoglobin Testing Kits
Pre-Book Your Report Now For A Swift Delivery:
https://www.thebusinessresearchcompany.com/report/blood-global-market-report
Which Region Is at the Forefront of the Blood Market?
North America was the largest region in the blood market in 2024. Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in the blood market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.
What Is Covered In The Blood Global Market Report?
- Market Size Analysis: Analyze the Blood Market size by key regions, countries, product types, and applications.
- Market Segmentation Analysis: Identify various subsegments within the Blood Market for effective categorization.
- Key Player Focus: Focus on key players to define their market value, share, and competitive landscape.
- Growth Trends Analysis: Examine individual growth trends and prospects in the Market.
- Market Contribution: Evaluate contributions of different segments to the overall Blood Market growth.
- Growth Drivers: Detail key factors influencing market growth, including opportunities and drivers.
- Industry Challenges: Analyze challenges and risks affecting the Blood Market.
- Competitive Developments: Analyze competitive developments, such as expansions, agreements, and new product launches in the market.
Unlock Exclusive Market Insights - Purchase Your Research Report Now!
https://www.thebusinessresearchcompany.com/purchaseoptions.aspx?id=18265
Connect with us on:
LinkedIn: https://in.linkedin.com/company/the-business-research-company,
Twitter: https://twitter.com/tbrc_info,
YouTube: https://www.youtube.com/channel/UC24_fI0rV8cR5DxlCpgmyFQ.
Contact Us
Europe: +44 207 1930 708,
Asia: +91 88972 63534,
Americas: +1 315 623 0293 or
Email: mailto:info@tbrc.info
Learn More About The Business Research Company
With over 15,000+ reports from 27 industries covering 60+ geographies, The Business Research Company has built a reputation for offering comprehensive, data-rich research and insights. Our flagship product, the Global Market Model delivers comprehensive and updated forecasts to support informed decision-making.
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