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Global Blood And Blood Components Market Size and Forecast 2023-2032|the American Red Cross, Australian Red Cross Blood Service, Abbott Laboratories, Blood Centres of America, Becton,

The Blood And Blood Components Global Market Report 2023 by The Business Research Company, provides blood and blood components market overview 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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According to The Business Research Company’s Blood And Blood Components Global Market Report 2023, the market size is expected to grow from $37.49 billion in 2022 to $39.21 billion in 2023 at a compound annual growth rate (CAGR) of 4.6%. The Russia-Ukraine war disrupted the chances of global economic recovery from the COVID-19 pandemic, at least in the short term. The war between these two countries has led to economic sanctions on multiple countries, a surge in commodity prices, and supply chain disruptions, causing inflation across goods and services and affecting many markets across the globe. The global blood and blood components market size is expected to grow to $47.53 billion in 2027 at a CAGR of 4.9%.

The blood and blood components market is being driven by increasing incidence of trauma and road accidents. Sometimes, because of traumas such as hemorrhage, the volume of blood is reduced to a very low level and cannot be replaced fast enough by the body. Also, road accidents cause excessive blood loss from the body that has to be restored immediately. At times, the blood itself lacks a few components as in the case of hemophilia. All these conditions demand transfusion of blood and blood components into the patient’s body. The growing prevalence of diseases and increasing numbers of road accidents and traumas are increasing the demand for blood and thus driving the market.

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The blood and blood components market is segmented:

1) By Product: Whole Blood, Blood Components

2) By End-Users: Hospitals, Ambulatory Surgical Centers, Other End-Users

3) By Application: Anemia, Trauma & Surgery, Cancer Treatment, Bleeding Disorders

4) By Blood Components: Red Blood Cells, Platelets, Plasma, White Blood Cells

The most prominent trend that has been witnessed in the blood and blood components market is the growing number of collaborations between the players involved in the market. Companies are adopting partnerships and collaborations in order to expand their reach, increase customer base and generate awareness in the market. For example, the American Red Cross collaborated with HealthStream with an aim of introducing new program for healthcare organizations. Similarly, the BloodCenter of Wisconsin collaborated with SysLogic Inc., to study how the RFID technology can be used to enhance safety of the patient while collecting and transfusing blood products.

The blood and blood components market report table of contents includes:

1. Executive Summary

2. Blood And Blood Components Market Characteristics

3. Blood And Blood Components Market Trends And Strategies

4. Blood And Blood Components Market – Macro Economic Scenario

5. Blood And Blood Components Market Size And Growth

26. Africa Blood And Blood Components Market

27. Blood And Blood Components Market Competitive Landscape And Company Profiles

28. Key Mergers And Acquisitions In The Blood And Blood Components Market

29. Blood And Blood Components Market Future Outlook and Potential Analysis

30. Appendix

Top Major Players: