What Is The Current Size And Projected Growth Of Blood Processing Devices And Consumables Global Market Report 2025?
The blood processing devices and consumables market has shown tremendous growth in recent years. The market size which was $47.8 billion in 2024, is expected to grow to $51.62 billion in 2025 at a compound annual growth rate (CAGR) of 8.0%. Factors such as increasing blood donation rates and advancements in transfusion medicine have driven this growth. Furthermore, the increasing prevalence of blood disorders, global initiatives for safe blood transfusion, and the rise in surgical procedures are adding to the market expansion.
The blood processing devices and consumables market is set to see substantial growth in the coming years. Reportedly, it will reach $75.15 billion by 2029, showing a compound annual growth rate (CAGR) of 9.8%. This growth is expected to be driven by increasing demand in emerging economies, a rise in the geriatric population, point-of-care blood processing, increasing focus on autologous blood transfusions, and the demand for apheresis procedures. Major trends in the forecast period include technological integration for data management, technological innovation in blood processing, automation and robotics integration, advancements in apheresis technology, and the rise of point-of-care blood processing.
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How Will The Rising Incidence Of Infectious Diseases Impact The Market Growth?
Infectious diseases caused by pathogens such as bacteria, viruses, fungi, or parasites are on the rise. These diseases, which can spread from one individual to another or from animals to humans, have been increasing due to several factors, including urbanization, globalization, climate change, increased travel, and antibiotic resistance. The increasing incidence of infectious diseases makes populations vulnerable, and this is where the role of blood processing devices and consumables becomes crucial. These instruments are essential for ensuring safe blood transfusions and effective diagnostics by screening blood for infectious agents, thereby minimizing the risk of transmission during medical procedures and enhancing patient safety.
What Are The Major Segments Of The Blood Processing Devices And Consumables Market?
The blood processing devices and consumables market is divided into several segments:
1) By Product Type: Devices, Consumables
2) By Devices: Blood Bank Freezers, Blood Grouping Analyzers, Blood Warmer, Blood Cell Processers, Other Devices
3) By Consumables: Blood Bags, Blood Lancets, Vials, Blood Administration Sets, Other Consumables
4) By End User: Hospitals, Diagnostic Centers, Clinics, Academic Institutes, Blood Banks
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Who Are The Major Players In The Blood Processing Devices And Consumables Market?
Major companies operating in the blood processing devices and consumables market include Thermogenesis Holdings Inc., Maco Pharma International GmbH, Immucor Inc., Bio-Rad Laboratories Inc., Grifols S.A., Abbott Laboratories, Terumo BCT Inc., Beckman Coulter Inc., Becton Dickinson and Company, Biomerieux SA, Danaher Corporation, Global Scientific Company, Haemonetics Corporation, Sigma Laborzentrifugen GmbH, SARSTEDT AG & Co K, Roche Holdings AG, Beurer GmbH, Cardinal Health Inc., Fresenius Kabi AG, Lmb Technologie GmbH, Fenwal Inc., Kawasumi Laboratories Inc., F. Hoffmann-La Roche Ltd, Thermo Fisher Scientific Inc., Poly Medicure Ltd, Medtronic plc., Nipro Corporation, Sekisui Chemical Co Ltd, Greiner Bio-One International GmbH
What Trends Are Influencing The Blood Processing Devices And Consumables Market?
Major companies operating in the blood processing devices and consumables market are focusing on technological advancements. For instance, Becton, Dickinson, and Company, a US-based medical technology company, launched UltraTouch in May 2024. This blood collection device uses advanced technology to streamline blood sample collection and reduce patient discomfort.
Which Are The Fastest Growing Regions In The Blood Processing Devices And Consumables Market?
North America held the largest market share in the blood processing devices and consumables market in 2024. However, the Asia-Pacific region is expected to grow at the fastest rate during the forecast period. The regions covered in the blood processing devices and consumables market report include Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, and Africa.
What Does The Blood Processing Devices And Consumables Global Market Report 2025 Offer?
Blood processing devices and consumables are equipment and supplies used to collect, separate, process, and store blood components. These devices and consumables are critical for various medical procedures, including blood transfusions, therapeutic apheresis, and other clinical procedures requiring blood products. The Blood Processing Devices And Consumables Global Market Report 2025 research report from The Business Research Company offers global market size, growth rate, regional shares, competitor analysis, detailed segments, trends, and opportunities.
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