Blood Preparation Market 2023 – Growth, Market Size, Analysis, Competitive Landscape | GlaxoSmithKline PLC, Pfizer Inc., Leo Pharma A/S, Boehringer Ingelheim International GmbH, Sanofi S.A.

The Blood Preparation Global Market Report 2023, provides comprehensive information on the blood preparation market across 60+ geographies in the seven regions – Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa for the 27 major global industries. The report covers a ten year historic period – 2010-2021, and a ten year forecast period – 2023-2032.

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In accordance with The Business Research Company’s insightful Blood Preparation Global Market Report for 2023, the expansive global blood preparation market is poised for remarkable growth, projected to ascend from $41.34 billion in 2022 to an anticipated $44.46 billion in 2023, reflecting a commendable compound annual growth rate (CAGR) of 7.5%. However, the geopolitical dynamics, notably the Russia-Ukraine conflict, have cast a shadow on the prospects of worldwide economic resurgence following the COVID-19 pandemic. In the short term, the war has triggered a series of ramifications, including economic sanctions, escalations in commodity prices, and disruptions in global supply chains, consequently fostering inflationary pressures across various sectors. These multifaceted challenges, albeit short-term in nature, have left an indelible impact on global markets. Looking ahead, the blood preparation market is anticipated to burgeon even further, reaching an estimated $57.11 billion by 2027, showcasing a robust CAGR of 6.5%. This trajectory underscores the resilient nature of the blood preparation sector amidst global uncertainties.

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The current landscape of the blood preparation market is witnessing a notable surge in the adoption of technological advancements, underscoring a pivotal trend in the industry. Esteemed entities within this sector are diligently steering their efforts towards pioneering novel technological solutions to fortify their market standing. A compelling example unfolded in April 2021 when EryPharm, an esteemed biopharmaceutical entity headquartered in France, heralded a momentous achievement—the large-scale manufacturing of red blood cells (RBCs) through the utilization of hematopoietic stem cells (HSC). This groundbreaking scientific leap represents a paradigm shift in the ability to mass-produce cultured red blood cells, thereby offering a revolutionary avenue for augmenting the reservoir of blood transfusion sources. This cutting-edge medical technology carries the promise of markedly enhancing the quality of life for individuals undergoing multiple transfusions, particularly those grappling with hereditary or acquired afflictions related to red blood cells. Significantly, this innovation provides a compelling alternative source for blood transfusions, seamlessly complementing the traditional practice of blood donation. In essence, EryPharm’s technological breakthrough not only showcases its commitment to pioneering solutions but also opens new horizons in the realm of medical advancements, contributing significantly to patient care and well-being.

 The blood preparation market 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

Top Major Players

GlaxoSmithKline PLC

Pfizer Inc.

Leo Pharma A/S

Boehringer Ingelheim International GmbH

Sanofi S.A.

North America was the largest region in the blood preparation market in 2022.

The table of contents in TBRC’s blood preparation market report includes:

1. Executive Summary

2. Blood Preparation Market Characteristics

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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26. Africa Blood Preparation Market

27. Blood Preparation Market Competitive Landscape And Company Profiles

28. Key Mergers And Acquisitions In The Blood Preparation Market

29. Blood Preparation Market Future Outlook and Potential Analysis

30. Appendix

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