What is the current size and annual growth rate of the patient blood management market?
The patient blood management market size has grown strongly in recent years. It will grow from $14.86 billion in 2024 to $15.94 billion in 2025 at a compound annual growth rate (CAGR) of 7.3%. The growth in the historic period can be attributed to rising prevalence of chronic diseases, increasing number of surgical procedures, government initiatives, increasing demand for bloodless surgery, rising availability of blood substitutes, rising demand for quality healthcare.
The patient blood management market size is expected to see strong growth in the next few years. It will grow to $20.92 billion in 2029 at a compound annual growth rate (CAGR) of 7.0%. The growth in the forecast period can be attributed to aging population, growing demand for blood, changing demographics, increasing focus on personalized medicine, growing demand for safe and effective blood transfusions, and increasing healthcare spending. Major trends in the forecast period include patient-centered care, data-driven decision-making, hemoglobin optimization, collaborative care, and expanded use of autologous blood.
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Which major factors have contributed to the expansion of the patient blood management market?
The rising number of accidents, trauma cases, and surgical procedures contributed to the growth of the global patient blood management market. For instance, in September 2023, according to the UK Department for Transport, a UK-based government department, in Great Britain, the final estimates for reported road collisions in 2022 indicate that there were 1,711 fatalities. Of these fatalities, 76% and 62% of all casualties of varying severity were male. Increased number of accidents, trauma cases, and surgical procedures resulted in increased demand for blood, and its products are driving the market.
How is the patient blood management market segmented?
The patient blood management market covered in this report is segmented –
1) By Product: Instruments, Accessories, Reagents And Kits, Software
2) By Component: Plasma, Whole Blood, Red Blood Cells
3) By Application: Hospital, Clinic, Other Applications
Subsegments:
1) By Instruments: Blood Collection Devices, Blood Processing Devices, Blood Transfusion Devices
2) By Accessories: Blood Bags, Transfer Sets, Filters
3) By Reagents And Kits: Blood Typing Reagents, Coagulation Test Kits, Hemoglobin Test Kits
4) By Software: Blood Management Information Systems, Data Management Software, Inventory Management Software
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Who are the top competitors in the patient blood management market?
Major companies operating in the patient blood management market include Haemonetics Corporation, Fresenius SE & Co. KGaA, Terumo Corporation, Immucor Inc., B. Braun Melsungen AG, Macopharma, bioMérieux SA, Asahi Kasei Corporation, KANEKA CORPORATION, Bio-Rad Laboratories Inc, Abbott Laboratories, Grifols, Roche, LIVANOVA PLC, Danaher, Mediware information systems, Kawasumi Laboratories, Haier Biomedical, Diatron MI Zrt., BAG Diagnostics GmbH, Hitachi Ltd., Ortho Clinical Diagnostics, Beckman Coulter Inc., Siemens Healthineers, Thermo Fisher Scientific Inc., Sysmex Corporation, Nihon Kohden Corporation, Radiometer Medical ApS, Instrumentation Laboratory, F. Hoffmann-La Roche Ltd, Grifols Diagnostic Solutions Inc., HemoCue AB
How will evolving trends contribute to the growth of the patient blood management market?
HEMAsavR is a sterile medical device to capture and transfer blood, which is increasingly being used to collect and salvage blood in surgical procedures and respond quickly to unanticipated blood loss. Clinicians can economically collect sterile, anticoagulated blood without any need for specialized resources. By this, the upfront shed blood collection cost decreases, and allogenic transfusions can be avoided with improved outcomes such as decreased patient mortality, low incidence of infections, and reduced risk of multi-organ failure.
How do regional factors impact the patient blood management market, and which region is the largest contributor?
North America was the largest region in the patient blood management market in 2024. Western Europe was the second-largest region in the patient blood management market share. The regions covered in the patient blood management market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, and Africa.
What Does The Patient Blood Management Market Report 2025 Offer?
The patient blood management market research report from The Business Research Company offers global market size, growth rate, regional shares, competitor analysis, detailed segments, trends, and opportunities.
Patient blood management is a patient-focused, evidence-based, and systematic approach to optimizing the care of patients, who might need a blood transfusion, by optimizing patients’ blood, minimizing surgical blood loss, and harnessing the patient-specific physiological reserve of anemia thereby reducing the need for allogeneic blood transfusions.
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