As the novel coronavirus (COVID-19) continues to spread across the world, our analysts are constantly tracking the impact of this rapidly evolving situation on the markets and the consumer purchase behaviours. Thus, our latest estimates and analysis about the current market trends and forecast will exhaustively reflect the effects of this emerging pandemic.

Global Blood Bank Market: By Product Type: Whole Blood, Red Blood Cell, Platelet, Plasma, White Blood Cell; By Function: Collection, Processing, Testing, Storage, Others; By Bank Type; By End User; Regional Analysis; Historical Market and Forecast (2016-2026); Market Dynamics; Competitive Landscape; Industry Events and Developments

Global Blood Bank Market Outlook

The global blood bank market attained a value of about USD 7525.05 million in 2020. The market is further expected to grow in the forecast period of 2021-2026 at a CAGR of 4.5% to reach nearly USD 9791.62 million by 2026.

 

Rising Awareness Regarding Blood Donation Augmenting the Market Growth of Blood Bank

World Blood Donor Day is celebrated on June 14 each year. It is a joint initiative by the World Health Organisation and the International Federation of Red Cross and Red Crescent Societies to raise awareness regarding safe blood and the importance of blood donors. The introduction of World Blood Donor Day resulted in increased blood donation, hence aiding the market growth for blood banks. Moreover, various governments are actively promoting blood drivers to maintain an efficient transfused blood supply. For instance, the Delhi government of India partnered with Facebook to increase awareness regarding voluntary blood donations.

 

Global Blood Bank Market

Read more about this report - REQUEST FREE SAMPLE COPY IN PDF

 

Several governments are collaborating with various organisations to create opportunities for blood donation to increase the scope of voluntary donations in their countries by educating and sensitising the young population, which is positively impacting the market growth.

The improvements in the healthcare infrastructure in emerging countries like Mexico and India are propelling the market growth. The robust healthcare industry is also encouraging blood drivers in remote parts of nations, resulting in the growth of the blood bank industry. The increasing patients of thalassemia and sickle cell disease are also increasing the demand for blood donation as they require blood transfusion regularly, hence invigorating the industry growth. Moreover, the thriving pharmaceuticals industry is augmenting the market growth as it utilises various blood components in the production of blood products. The surging use of blood components in various research and development (R&D) activities in the pharmaceutical sector is providing further impetus to the growth of the blood bank industry.

 

Blood Bank: Industry Definition and Segmentation

A blood bank refers to a centre where blood is collected and stored to be used in a transfusion. It ensures the safety of blood by storing it effectively and testing it for infectious diseases. The blood is then broken into various compounds, such as white blood cells, red blood cells, plasma, and platelets, among others, for use in specific applications.

The major product types of blood bank are:

  • Whole Blood
  • Red Blood Cell
  • Platelet
  • Plasma
  • White Blood Cell

The market can be broadly categorised on the basis of its functions into:

  • Collection
  • Processing
  • Testing
  • Storage
  • Transportation

Based on bank type, the market is divided into:

  • Private
  • Public

On the basis of end users, the market is categorised into:

  • Hospital
  • Ambulatory Surgery Centres
  • Pharmaceutical Companies
  • Clinics and Nursing Homes
  • Others

The EMR report looks into the regional markets of blood bank like North America, Europe, the Asia Pacific, Latin America, and the Middle East and Africa.

 

Increasing Demand for Plasma Owing to the COVID-19 Crisis to Bolster the Growth of the Blood Bank Industry

The increasing research and clinical trials regarding the COVID-19 convalescent plasma to analyse the effectiveness of plasma of recovered COVID-19 patients to reduce the severity of illness in critically ill patients is increasing blood donation from recovered patients, hence propelling the market growth. For instance, researchers in the Netherlands recruited nearly 1,500 COVID-19 recovered patients to donate blood in order to develop effective treatment of the novel disease using plasma. According to World Health Organisation, the market growth was hindered as the COVID-19 crisis prevailed owing to reduced donor attendance rates and cancellation of blood drives. The market is expected to recuperate due to the rising transfusion requirements in severe complications of the disease due to the ongoing mutation of SARS-CoV-2 and consequent second and third waves of the pandemic.

Increasing donations by repeat donors and older donors is further fuelling the market growth. Various digital technologies can aid blood banks in optimising blood donation. The use of robots and medical drones can aid the recruitment of new blood donors while reducing the process of blood donation. The use of augmented reality (AR) to portray the dire significance of blood donations to donors by featuring critically ill patients requiring blood is also increasing blood donations, hence catalysing the industry growth. In addition, the adoption of blockchain to add visibility and security to the blood supply network is projected to bolster the growth of the blood bank industry.

 

Key Industry Players in the Global Blood Bank Market

The report presents a detailed analysis of the following key players in the global blood bank market, looking into their capacity, market shares, and latest developments like capacity expansions, plant turnarounds, and mergers and acquisitions:

  • America's Blood Centers
  • Australian Red Cross Society
  • Blood Bank of Alaska
  • Canadian Blood Services
  • Others

The comprehensive report looks into the macro and micro aspects of the industry. The EMR report gives an in-depth insight into the market by providing a SWOT analysis as well as an analysis of Porter’s Five Forces model.

 

REPORT FEATURES DETAILS
Base Year 2020
Historical Period 2016-2020
Forecast Period 2021-2026
Scope of the Report Historical and Forecast Trends, Industry Drivers and Constraints, Historical and Forecast Market Analysis by Segment- Product Type, Function, Bank Type, End User, Region
Breakup by Product Type Whole Blood, Red Blood Cell, Platelet, Plasma, White Blood Cell
Breakup by Function Collection, Processing, Testing, Storage, Transportation
Breakup by Bank Type Private, Public
Breakup by End User Hospital, Ambulatory Surgery Centres, Pharmaceutical Companies, Clinics and Nursing Homes, Others
Breakup by Region North America, Latin America, Europe, Middle East and Africa, Asia Pacific
Market Dynamics SWOT, Porter's Five Forces, EMR’s Key Indicators for Price and Demand
Competitive Landscape Market Structure, Company Profiles- Company Overview, Product Portfolio, Demographic Reach and Achievements, Certifications
Companies Covered America's Blood Centers, Australian Red Cross Society, Blood Bank of Alaska, Canadian Blood Services, Others
Report Price and Purchase Option Explore our purchase options that are best suited to your resources and industry needs.
Delivery Format Delivered as an attached PDF and Excel through email, with an option of receiving an editable PPT, according to the purchase option.

 

*We at Expert Market Research always thrive to give you the latest information. The numbers in the article are only indicative and may be different from the actual report.

1    Preface
2    Report Coverage – Key Segmentation and Scope
3    Report Description

    3.1    Market Definition and Outlook
    3.2    Properties and Applications
    3.3    Market Analysis
    3.4    Key Players
4    Key Assumptions
5    Executive Summary

    5.1    Overview
    5.2    Key Drivers
    5.3    Key Developments
    5.4    Competitive Structure
    5.5    Key Industrial Trends
6    Snapshot
    6.1    Global
    6.2    Regional
7    Industry Opportunities and Challenges
8    Global Blood Bank Market Analysis

    8.1    Key Industry Highlights
    8.2    Global Blood Bank Historical Market (2016-2020) 
    8.3    Global Blood Bank Market Forecast (2021-2026)
    8.4    Global Blood Bank Market by Product Type
        8.4.1    Whole Blood
            8.4.1.1    Market Share
            8.4.1.2    Historical Trend (2016-2020)
            8.4.1.3    Forecast Trend (2021-2026)
        8.4.2    Red Blood Cell
            8.4.2.1    Market Share
            8.4.2.2    Historical Trend (2016-2020)
            8.4.2.3    Forecast Trend (2021-2026)
        8.4.3    Platelet
            8.4.3.1    Market Share
            8.4.3.2    Historical Trend (2016-2020)
            8.4.3.3    Forecast Trend (2021-2026)
        8.4.4    Plasma
            8.4.4.1    Market Share
            8.4.4.2    Historical Trend (2016-2020)
            8.4.4.3    Forecast Trend (2021-2026)
        8.4.5    White Blood Cell
            8.4.5.1    Market Share
            8.4.5.2    Historical Trend (2016-2020)
            8.4.5.3    Forecast Trend (2021-2026)
    8.5    Global Blood Bank Market by Function 
        8.5.1    Collection
            8.5.1.1    Market Share
            8.5.1.2    Historical Trend (2016-2020)
            8.5.1.3    Forecast Trend (2021-2026)
        8.5.2    Processing
            8.5.2.1    Market Share
            8.5.2.2    Historical Trend (2016-2020)
            8.5.2.3    Forecast Trend (2021-2026)
        8.5.3    Testing
            8.5.3.1    Market Share
            8.5.3.2    Historical Trend (2016-2020)
            8.5.3.3    Forecast Trend (2021-2026)
        8.5.4    Storage
            8.5.4.1    Market Share
            8.5.4.2    Historical Trend (2016-2020)
            8.5.4.3    Forecast Trend (2021-2026)
        8.5.5    Transportation
            8.5.5.1    Market Share
            8.5.5.2    Historical Trend (2016-2020)
            8.5.5.3    Forecast Trend (2021-2026)
    8.6    Global Blood Bank Market by Bank Type
        8.6.1    Private
            8.6.1.1    Market Share
            8.6.1.2    Historical Trend (2016-2020)
            8.6.1.3    Forecast Trend (2021-2026)
        8.6.2    Public
            8.6.2.1    Market Share
            8.6.2.2    Historical Trend (2016-2020)
            8.6.2.3    Forecast Trend (2021-2026)
    8.7    Global Blood Bank Market by End User
        8.7.1    Hospital
            8.7.1.1    Market Share
            8.7.1.2    Historical Trend (2016-2020)
            8.7.1.3    Forecast Trend (2021-2026)
        8.7.2    Ambulatory Surgery Centres
            8.7.2.1    Market Share
            8.7.2.2    Historical Trend (2016-2020)
            8.7.2.3    Forecast Trend (2021-2026)
        8.7.3    Pharmaceutical Companies
            8.7.3.1    Market Share
            8.7.3.2    Historical Trend (2016-2020)
            8.7.3.3    Forecast Trend (2021-2026)
        8.7.4    Clinics and Nursing Homes
            8.7.4.1    Market Share
            8.7.4.2    Historical Trend (2016-2020)
            8.7.4.3    Forecast Trend (2021-2026)
        8.7.5    Others
    8.8    Global Blood Bank Market by Region
        8.8.1    Market Share
            8.8.1.1    North America
            8.8.1.2    Europe
            8.8.1.3    Asia Pacific
            8.8.1.4    Latin America
            8.8.1.5    Middle East and Africa
9    Regional Analysis
    9.1    North America
        9.1.1    Historical Trend (2016-2020)
        9.1.2    Forecast Trend (2021-2026)
        9.1.3    Breakup by Country
            9.1.3.1    United States of America 
            9.1.3.2    Canada
    9.2    Europe
        9.2.1    Historical Trend (2016-2020)
        9.2.2    Forecast Trend (2021-2026)
        9.2.3    Breakup by Country 
            9.2.3.1    United Kingdom
            9.2.3.2    Germany
            9.2.3.3    France
            9.2.3.4    Italy
            9.2.3.5    Others
    9.3    Asia Pacific
        9.3.1    Historical Trend (2016-2020)
        9.3.2    Forecast Trend (2021-2026)
        9.3.3    Breakup by Country
            9.3.3.1    China
            9.3.3.2    Japan
            9.3.3.3    India
            9.3.3.4    ASEAN
            9.3.3.5    Australia
            9.3.3.6    Others
    9.4    Latin America
        9.4.1    Historical Trend (2016-2020)
        9.4.2    Forecast Trend (2021-2026)
        9.4.3    Breakup by Country
            9.4.3.1    Brazil
            9.4.3.2    Argentina
            9.4.3.3    Mexico
            9.4.3.4    Others
    9.5    Middle East and Africa
        9.5.1    Historical Trend (2016-2020)
        9.5.2    Forecast Trend (2021-2026)
        9.5.3    Breakup by Country
            9.5.3.1    Saudi Arabia
            9.5.3.2    United Arab Emirates
            9.5.3.3    Nigeria
            9.5.3.4    South Africa
            9.5.3.5    Others
10    Market Dynamics
    10.1    SWOT Analysis
        10.1.1    Strengths
        10.1.2    Weaknesses
        10.1.3    Opportunities
        10.1.4    Threats
    10.2    Porter’s Five Forces Analysis
        10.2.1    Supplier’s Power
        10.2.2    Buyer’s Power
        10.2.3    Threat of New Entrants
        10.2.4    Degree of Rivalry
        10.2.5    Threat of Substitutes
    10.3    EMR’s Key Indicators for Demand
    10.4    EMR’s Key Indicators for Price
11    Value Chain Analysis
12    Competitive Landscape

    12.1    Market Structure
    12.2    Company Profiles
        12.2.1    America's Blood Centers
            12.2.1.1    Company Overview
            12.2.1.2    Product Portfolio
            12.2.1.3    Demographic Reach and Achievements
            12.2.1.4    Certifications
        12.2.2    Australian Red Cross Society
            12.2.2.1    Company Overview
            12.2.2.2    Product Portfolio
            12.2.2.3    Demographic Reach and Achievements
            12.2.2.4    Certifications
        12.2.3    Blood Bank of Alaska
            12.2.3.1    Company Overview
            12.2.3.2    Product Portfolio
            12.2.3.3    Demographic Reach and Achievements
            12.2.3.4    Certifications
        12.2.4    Canadian Blood Services
            12.2.4.1    Company Overview
            12.2.4.2    Product Portfolio
            12.2.4.3    Demographic Reach and Achievements
            12.2.4.4    Certifications
        12.2.5    Others
13    Industry Events and Developments

 

List of Figures and Tables

1.    Global Blood Bank Market: Key Industry Highlights, 2016 and 2026
2.    Global Blood Bank Historical Market: Breakup by Product Type (USD Million), 2016-2020
3.    Global Blood Bank Market Forecast: Breakup by Product Type (USD Million), 2021-2026
4.    Global Blood Bank Historical Market: Breakup by End Use (USD Million), 2016-2020
5.    Global Blood Bank Market Forecast: Breakup by End Use (USD Million), 2021-2026
6.    Global Blood Bank Historical Market: Breakup by Distribution Channel (USD Million), 2016-2020
7.    Global Blood Bank Market Forecast: Breakup by Distribution Channel (USD Million), 2021-2026
8.    Global Blood Bank Historical Market: Breakup by Region (USD Million), 2016-2020
9.    Global Blood Bank Market Forecast: Breakup by Region (USD Million), 2021-2026
10.    North America Brake System Historical Market: Breakup by Country (USD Million), 2016-2020
11.    North America Brake System Market Forecast: Breakup by Country (USD Million), 2021-2026
12.    Europe Brake System Historical Market: Breakup by Country (USD Million), 2016-2020
13.    Europe Brake System Market Forecast: Breakup by Country (USD Million), 2021-2026
14.    Asia Pacific Brake System Historical Market: Breakup by Country (USD Million), 2016-2020
15.    Asia Pacific Brake System Market Forecast: Breakup by Country (USD Million), 2021-2026
16.    Latin America Brake System Historical Market: Breakup by Country (USD Million), 2016-2020
17.    Latin America Brake System Market Forecast: Breakup by Country (USD Million), 2021-2026
18.    Middle East and Africa Brake System Historical Market: Breakup by Country (USD Million), 2016-2020
19.    Middle East and Africa Brake System Market Forecast: Breakup by Country (USD Million), 2021-2026
20.    Global Blood Bank Market Structure

Key Questions Answered in the Report

In 2020, the global blood bank market attained a value of nearly USD 7525.05 million.

The market is projected to grow at a CAGR of 4.5% between 2021 and 2026.

The market is estimated to witness a healthy growth in the forecast period of 2021-2026 to reach about USD 9791.62 million by 2026.

The market is being aided by introduction of various events to promote blood donation, various government initiatives to facilitate blood supply network, and the increasing use of transfused blood in the pharmaceutical industry.

The industry is expected to be driven by the rising demand for plasma owing to the COVID-19 pandemic, the integration of robots and drones in blood banks, and the use of blockchains in the blood bank supply.

The major regions in the industry are North America, Latin America, the Middle East and Africa, Europe, and the Asia Pacific.

The major product types of blood bank in the industry are whole blood, red blood cell, platelet, plasma, and white blood cell.

The significant functions in the market are collection, processing, testing, storage, and transportation.

The various bank types of blood bank are private and public.

The major end users of the market are hospital, ambulatory surgery centres, pharmaceutical companies, and clinics and nursing homes, among others.

The major players in the industry are America's Blood Centers, Australian Red Cross Society, Blood Bank of Alaska, and Canadian Blood Services, among others.

Analyst Review

The global blood bank market attained a value of about USD 7525.05 million in 2020, driven by the rising awareness regarding blood donations due to various efforts by governments and organisations. Aided by the growing demand for plasma owing to the COVID-19, the market is expected to witness further growth in the forecast period of 2021-2026, growing at a CAGR of 4.5%. The market is projected to reach USD 9791.62 million by 2026.

EMR’s meticulous research methodology delves deep into the market, covering the macro and micro aspects of the industry. Based on its product types, the blood bank industry can be segmented into whole blood, red blood cell, platelet, plasma, and white blood cell. On the basis of functions, the industry is divided into collection, processing, testing, storage, and transportation. By bank types, the market is segmented into private and public. Based on end users, the market is categorised into hospital, ambulatory surgery centres, pharmaceutical companies, and clinics and nursing homes, among others. The major regional markets for blood bank are North America, Europe, the Asia Pacific, Latin America, and the Middle East and Africa. The key players in the above market include America's Blood Centers, Australian Red Cross Society, Blood Bank of Alaska, and Canadian Blood Services, among others.

EMR’s research methodology uses a combination of cutting-edge analytical tools and the expertise of their highly accomplished team, thus, providing their customers with market insights that are accurate, actionable, and help them remain ahead of their competition.

Purchase Full Report

Mini Report

$1499
  • Selected Sections, One User
  • Printing Not Allowed
  • Email Delivery in PDF
  • Free Limited Customisation
  • Post Sales Analyst Support
  • 50% Discount on Next Update

Single User License

$2699
  • All Sections, One User
  • One Print Allowed
  • Email Delivery in PDF
  • Free Limited Customisation
  • Post Sales Analyst Support
  • 50% Discount on Next Update

Five User License

$3699
  • All Sections, Five Users
  • Five Prints Allowed
  • Email Delivery in PDF
  • Free Limited Customisation
  • Post Sales Analyst Support
  • 50% Discount on Next Update

Corporate License

$4699
  • All Sections, Unlimited Users
  • Unlimited Prints Allowed
  • Email Delivery in PDF + Excel
  • Free Limited Customisation
  • Post Sales Analyst Support
  • 50% Discount on Next Update

Any Question? Speak With An Analyst

Contact Analyst

View A Sample

Request Sample

Did You Miss Anything, Ask Now

Request Customisation
Why Expert Market Research?

RIGHT PEOPLE

We are technically excellent, strategic, practical, experienced and efficient; our analysts are hand-picked based on having the right attributes to work successfully and execute projects based on your expectations.

RIGHT METHODOLOGY

We leverage our cutting-edge technology, our access to trusted databases, and our knowledge of the current models used in the market to deliver you research solutions that are tailored to your needs and put you ahead of the curve.

RIGHT PRICE

We deliver in-depth and superior quality research in prices that are reasonable, unmatchable, and shows our understanding of your resource structure. We, additionally, offer attractive discounts on our upcoming reports.

RIGHT SUPPORT

Our team of expert analysts are at your beck and call to deliver you optimum results that are customised to meet your precise needs within the specified timeframe and help you form a better understanding of the industry.

Similar Reports





NEWSLETTER