The blood preparation global market report 2024 from The Business Research Company provides comprehensive market statistics, including global market size, regional shares, competitor market share, detailed segments, trends, and opportunities. This report offers an in-depth analysis of current and future industry scenarios, delivering a complete perspective for thriving in the industrial automation software market.
Blood Preparation Market, 2024 report by The Business Research Company offers comprehensive insights into the current state of the market and highlights future growth opportunities.
Market Size –
The blood preparation market size has grown strongly in recent years. It will grow from $44.46 billion in 2023 to $47.72 billion in 2024 at a compound annual growth rate (CAGR) of 7.3%. The growth in the historic period can be attributed to rise in blood transfusion procedures, increasing prevalence of blood disorders, growing awareness of blood safety, global initiatives for blood donation, government regulations and standards.
The blood preparation market size is expected to see strong growth in the next few years. It will grow to $61.04 billion in 2028 at a compound annual growth rate (CAGR) of 6.3%. The growth in the forecast period can be attributed to rising demand for blood components, personalized medicine approaches, emerging therapies and applications, global healthcare infrastructure development. Major trends in the forecast period include automation and integration of blood processing systems, demand for pathogen-reduced blood components, customization and personalization in blood components, focus on platelet-rich plasma (prp) and platelet-rich fibrin (prf), regulatory compliance and stringent quality standards.
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Scope Of Blood Preparation Market
The Business Research Company’s reports encompass a wide range of information, including:
1. Market Size (Historic and Forecast): Analysis of the market’s historical performance and projections for future growth.
2. Drivers: Examination of the key factors propelling market growth.
3. Trends: Identification of emerging trends and patterns shaping the market landscape.
4. Key Segments: Breakdown of the market into its primary segments and their respective performance.
5. Focus Regions and Geographies: Insight into the most critical regions and geographical areas influencing the market.
6. Macro Economic Factors: Assessment of broader economic elements impacting the market.
Blood Preparation Market Overview
Market Drivers –
The increasing number of blood donations worldwide is expected to boost the growth of the blood preparation market going forward. Blood donation refers to the process of donating blood to save the lives of others. It makes blood transfusion possible as a life-sustaining and life-saving treatment. Patients require blood to survive surgeries, cancer treatment, chronic illnesses, and traumatic traumas. It enables transfusion during the blood preparation process, ensuring that blood is always available whenever and wherever it is required. For instance, in May 2022, according to National Blood Service Ghana, a Ghana-based blood donation service organization, in 2021, a total of 173,938 units of blood were taken, an increase from 156,453 in 2020. Furthermore, in May 2022, according to World Bank, a US-based international financial institution, the volume of blood collected increased by 86%, from 100,018 units in June 2020 to 186,239 units in June 2021, serving over 214,187 people. Therefore, rising in blood donation is driving the growth of the blood preparation market.
Market Trends –
Technological advancements are a key trend gaining popularity in the blood preparation market. Major companies operating in the blood preparation market are focused on innovating new technological solutions to sustain their position in the market. For instance, in April 2021, EryPharm, a France-based biopharmaceutical company, announced the large-scale manufacturing of red blood cells (RBCs) by using hematopoietic stem cells (HSC). With this launch, the company has achieved a ground-breaking scientific innovation to mass-produce cultured red blood cells to provide new blood transfusion sources. This medical technology will improve the quality of life of multi-transfused patients who suffer from hereditary or acquired diseases of the red blood cells in particular. This is a significant technology for mass-producing cultured red blood cells as an alternative source for blood transfusions that will complement regular blood donation.
The blood preparation market covered in this report is segmented –
1) By Product: Whole Blood, Blood Components, Blood Derivatives
2) By Antithrombotic And Anticoagulants Type: Platelet Aggregation Inhibitors, Fibrinolytics, Anticoagulants
3) By Application: Transfusion, Diagnostics, Research
4) By End User: Hospitals, Clinics, Blood Banks, Other End-Users
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Regional Insights –
North America was the largest region in the blood preparation market in 2023. Asia-Pacific is expected to be the fastest-growing region in the global blood preparation market during the forecast period. The regions covered in the blood preparation market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa
Key Companies –
Major companies operating in the blood preparation market report are GlaxoSmithKline plc, Pfizer Inc., Leo Pharma A/S, Boehringer Ingelheim International GmbH, Sanofi S.A., AstraZeneca plc, Daiichi Sankyo Company Limited, Baxter International Inc., Johnson And Johnson Services Inc., Xiamen Hisunny Chemical Co. Ltd., Aralez Pharmaceuticals Canada Inc., Ionis Pharmaceuticals Inc., Bayer AG, Portola Pharmaceuticals Inc., Celgene Corporation, The Bristol-Myers Squibb Company, CSL Behring , The Takeda Pharmaceutical Company Limited , Grifols S.A., Octapharma AG, Kedrion S.p.A, Thermo Fisher Scientific Inc., SHANDONG EAST INTERNATIONAL CHEMICAL Co. Ltd., F. Hoffmann-La Roche Ltd., Abbott Laboratories Inc., Bio-Rad Laboratories Inc., Terumo BCT Inc., Immucor Inc., Ortho Clinical Diagnostics, Beckman Coulter Inc.
Table of Contents
1. Executive Summary
2. Blood Preparation Market Report Structure
3. Blood Preparation Market Trends And Strategies
4. Blood Preparation Market – Macro Economic Scenario
5. Blood Preparation Market Size And Growth
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27. Blood Preparation Market Competitor Landscape And Company Profiles
28. Key Mergers And Acquisitions
29. Future Outlook and Potential Analysis
30. Appendix
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