Global Blood Preparation Market Size and Forecast 2024-2033|GlaxoSmithKline PLC, Pfizer Inc., Leo Pharma A/S, Boehringer Ingelheim International GmbH, Sanofi S.A.

The Blood Preparation Global Market Report 2024 by The Business Research Company provides market overview across 60+ geographies in the seven regions – Asia-Pacific, Western Europe, Eastern Europe, North America, South America, the Middle East, and Africa, encompassing 27 major global industries. The report presents a comprehensive analysis over a ten-year historic period (2010-2021) and extends its insights into a ten-year forecast period (2023-2033).

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According to The Business Research Company’s Blood Preparation Global Market Report 2024, 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.

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.

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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

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 report table of contents includes:

1. Executive Summary

2. Blood Preparation Market Characteristics

3. Blood Preparation Market Trends And Strategies

4. Blood Preparation Market – Macro Economic Scenario

5. Global Blood Preparation Market Size and Growth

26. South America Blood Preparation Market

27. Brazil Blood Preparation Market

28. Middle East Blood Preparation Market

29. Africa Blood Preparation Market

30. Blood Preparation Market Competitive Landscape And Company Profiles

Top Major Players: