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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 (2018-2028); 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 2023-2028 at a CAGR of 4.5% to reach nearly USD 9791.62 million by 2026.
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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.
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: Market 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.
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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.
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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 | 2022 |
| Historical Period | 2018-2022 |
| Forecast Period | 2023-2028 |
| 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, 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. |
*At Expert Market Research, we strive to always give you current and accurate information. The numbers depicted in the description are indicative and may differ from the actual numbers in the final EMR 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 (2018-2022)
8.3 Global Blood Bank Market Forecast (2023-2028)
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 (2018-2022)
8.4.1.3 Forecast Trend (2023-2028)
8.4.2 Red Blood Cell
8.4.2.1 Market Share
8.4.2.2 Historical Trend (2018-2022)
8.4.2.3 Forecast Trend (2023-2028)
8.4.3 Platelet
8.4.3.1 Market Share
8.4.3.2 Historical Trend (2018-2022)
8.4.3.3 Forecast Trend (2023-2028)
8.4.4 Plasma
8.4.4.1 Market Share
8.4.4.2 Historical Trend (2018-2022)
8.4.4.3 Forecast Trend (2023-2028)
8.4.5 White Blood Cell
8.4.5.1 Market Share
8.4.5.2 Historical Trend (2018-2022)
8.4.5.3 Forecast Trend (2023-2028)
8.5 Global Blood Bank Market by Function
8.5.1 Collection
8.5.1.1 Market Share
8.5.1.2 Historical Trend (2018-2022)
8.5.1.3 Forecast Trend (2023-2028)
8.5.2 Processing
8.5.2.1 Market Share
8.5.2.2 Historical Trend (2018-2022)
8.5.2.3 Forecast Trend (2023-2028)
8.5.3 Testing
8.5.3.1 Market Share
8.5.3.2 Historical Trend (2018-2022)
8.5.3.3 Forecast Trend (2023-2028)
8.5.4 Storage
8.5.4.1 Market Share
8.5.4.2 Historical Trend (2018-2022)
8.5.4.3 Forecast Trend (2023-2028)
8.5.5 Transportation
8.5.5.1 Market Share
8.5.5.2 Historical Trend (2018-2022)
8.5.5.3 Forecast Trend (2023-2028)
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 (2018-2022)
8.6.1.3 Forecast Trend (2023-2028)
8.6.2 Public
8.6.2.1 Market Share
8.6.2.2 Historical Trend (2018-2022)
8.6.2.3 Forecast Trend (2023-2028)
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 (2018-2022)
8.7.1.3 Forecast Trend (2023-2028)
8.7.2 Ambulatory Surgery Centres
8.7.2.1 Market Share
8.7.2.2 Historical Trend (2018-2022)
8.7.2.3 Forecast Trend (2023-2028)
8.7.3 Pharmaceutical Companies
8.7.3.1 Market Share
8.7.3.2 Historical Trend (2018-2022)
8.7.3.3 Forecast Trend (2023-2028)
8.7.4 Clinics and Nursing Homes
8.7.4.1 Market Share
8.7.4.2 Historical Trend (2018-2022)
8.7.4.3 Forecast Trend (2023-2028)
8.7.5 Others
8.8 Global Blood Bank Market by Region
8.8.1 North America
8.8.1.1 Market Share
8.8.1.2 Historical Trend (2018-2022)
8.8.1.3 Forecast Trend (2023-2028)
8.8.2 Europe
8.8.2.1 Market Share
8.8.2.2 Historical Trend (2018-2022)
8.8.2.3 Forecast Trend (2023-2028)
8.8.3 Asia Pacific
8.8.3.1 Market Share
8.8.3.2 Historical Trend (2018-2022)
8.8.3.3 Forecast Trend (2023-2028)
8.8.4 Latin America
8.8.4.1 Market Share
8.8.4.2 Historical Trend (2018-2022)
8.8.4.3 Forecast Trend (2023-2028)
8.8.5 Middle East and Africa
8.8.5.1 Market Share
8.8.5.2 Historical Trend (2018-2022)
8.8.5.3 Forecast Trend (2023-2028)
9 North America Blood Bank Market Analysis
9.1 United States of America
9.1.1 Market Share
9.1.2 Historical Trend (2018-2022)
9.1.3 Forecast Trend (2023-2028)
9.2 Canada
9.2.1 Market Share
9.2.2 Historical Trend (2018-2022)
9.2.3 Forecast Trend (2023-2028)
10 Europe Blood Bank Market Analysis
10.1 United Kingdom
10.1.1 Market Share
10.1.2 Historical Trend (2018-2022)
10.1.3 Forecast Trend (2023-2028)
10.2 Germany
10.2.1 Market Share
10.2.2 Historical Trend (2018-2022)
10.2.3 Forecast Trend (2023-2028)
10.3 France
10.3.1 Market Share
10.3.2 Historical Trend (2018-2022)
10.3.3 Forecast Trend (2023-2028)
10.4 Italy
10.4.1 Market Share
10.4.2 Historical Trend (2018-2022)
10.4.3 Forecast Trend (2023-2028)
10.5 Others
11 Asia Pacific Blood Bank Market Analysis
11.1 China
11.1.1 Market Share
11.1.2 Historical Trend (2018-2022)
11.1.3 Forecast Trend (2023-2028)
11.2 Japan
11.2.1 Market Share
11.2.2 Historical Trend (2018-2022)
11.2.3 Forecast Trend (2023-2028)
11.3 India
11.3.1 Market Share
11.3.2 Historical Trend (2018-2022)
11.3.3 Forecast Trend (2023-2028)
11.4 ASEAN
11.4.1 Market Share
11.4.2 Historical Trend (2018-2022)
11.4.3 Forecast Trend (2023-2028)
11.5 Australia
11.5.1 Market Share
11.5.2 Historical Trend (2018-2022)
11.5.3 Forecast Trend (2023-2028)
11.6 Others
12 Latin America Blood Bank Market Analysis
12.1 Brazil
12.1.1 Market Share
12.1.2 Historical Trend (2018-2022)
12.1.3 Forecast Trend (2023-2028)
12.2 Argentina
12.2.1 Market Share
12.2.2 Historical Trend (2018-2022)
12.2.3 Forecast Trend (2023-2028)
12.3 Mexico
12.3.1 Market Share
12.3.2 Historical Trend (2018-2022)
12.3.3 Forecast Trend (2023-2028)
12.4 Others
13 Middle East and Africa Blood Bank Market Analysis
13.1 Saudi Arabia
13.1.1 Market Share
13.1.2 Historical Trend (2018-2022)
13.1.3 Forecast Trend (2023-2028)
13.2 United Arab Emirates
13.2.1 Market Share
13.2.2 Historical Trend (2018-2022)
13.2.3 Forecast Trend (2023-2028)
13.3 Nigeria
13.3.1 Market Share
13.3.2 Historical Trend (2018-2022)
13.3.3 Forecast Trend (2023-2028)
13.4 South Africa
13.4.1 Market Share
13.4.2 Historical Trend (2018-2022)
13.4.3 Forecast Trend (2023-2028)
13.5 Others
14 Market Dynamics
14.1 SWOT Analysis
14.1.1 Strengths
14.1.2 Weaknesses
14.1.3 Opportunities
14.1.4 Threats
14.2 Porter’s Five Forces Analysis
14.2.1 Supplier’s Power
14.2.2 Buyer’s Power
14.2.3 Threat of New Entrants
14.2.4 Degree of Rivalry
14.2.5 Threat of Substitutes
14.3 Key Indicators for Demand
14.4 Key Indicators for Price
15 Value Chain Analysis
16 Competitive Landscape
16.1 Market Structure
16.2 Company Profiles
16.2.1 America's Blood Centers
16.2.1.1 Company Overview
16.2.1.2 Product Portfolio
16.2.1.3 Demographic Reach and Achievements
16.2.1.4 Certifications
16.2.2 Australian Red Cross Society
16.2.2.1 Company Overview
16.2.2.2 Product Portfolio
16.2.2.3 Demographic Reach and Achievements
16.2.2.4 Certifications
16.2.3 Blood Bank of Alaska
16.2.3.1 Company Overview
16.2.3.2 Product Portfolio
16.2.3.3 Demographic Reach and Achievements
16.2.3.4 Certifications
16.2.4 Canadian Blood Services
16.2.4.1 Company Overview
16.2.4.2 Product Portfolio
16.2.4.3 Demographic Reach and Achievements
16.2.4.4 Certifications
16.2.5 Others
17 Key Trends and Developments in the Market
List of Key Figures and Tables
1. Global Blood Bank Market: Key Industry Highlights, 2018 and 2028
2. Global Blood Bank Historical Market: Breakup by Product Type (USD Million), 2018-2022
3. Global Blood Bank Market Forecast: Breakup by Product Type (USD Million), 2023-2028
4. Global Blood Bank Historical Market: Breakup by End Use (USD Million), 2018-2022
5. Global Blood Bank Market Forecast: Breakup by End Use (USD Million), 2023-2028
6. Global Blood Bank Historical Market: Breakup by Distribution Channel (USD Million), 2018-2022
7. Global Blood Bank Market Forecast: Breakup by Distribution Channel (USD Million), 2023-2028
8. Global Blood Bank Historical Market: Breakup by Region (USD Million), 2018-2022
9. Global Blood Bank Market Forecast: Breakup by Region (USD Million), 2023-2028
10. North America Brake System Historical Market: Breakup by Country (USD Million), 2018-2022
11. North America Brake System Market Forecast: Breakup by Country (USD Million), 2023-2028
12. Europe Brake System Historical Market: Breakup by Country (USD Million), 2018-2022
13. Europe Brake System Market Forecast: Breakup by Country (USD Million), 2023-2028
14. Asia Pacific Brake System Historical Market: Breakup by Country (USD Million), 2018-2022
15. Asia Pacific Brake System Market Forecast: Breakup by Country (USD Million), 2023-2028
16. Latin America Brake System Historical Market: Breakup by Country (USD Million), 2018-2022
17. Latin America Brake System Market Forecast: Breakup by Country (USD Million), 2023-2028
18. Middle East and Africa Brake System Historical Market: Breakup by Country (USD Million), 2018-2022
19. Middle East and Africa Brake System Market Forecast: Breakup by Country (USD Million), 2023-2028
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 2023 and 2028.
The industry is primarily being driven by the rising awareness among people regarding the importance of donating blood, initiatives by the government and other organisations, use of augmented reality (AR) to portray the dire significance of blood donations, adoption of blockchain to add visibility and security to the blood supply network, and improvements in the healthcare infrastructure.
The key trends driving the industry’s growth are the increasing research and clinical trials regarding the COVID-19 convalescent plasma and increasing donations by repeat donors and older donors.
The major regions in the industry are North America, Latin America, Europe, the Middle East and Africa, and the Asia Pacific.
The major product types of blood bank are whole blood, red blood cell, platelet, plasma, and white blood cell.
The market can be broadly categorised on the basis of its functions into collection, processing, testing, storage, and transportation.
Based on bank type, the market is divided into private and public.
On the basis of end-users, the market is categorised into hospital, ambulatory surgery centres, pharmaceutical companies, 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 USD 7525.05 million in 2020, driven by the rising awareness among people regarding the importance of donating blood. Aided by the growing technological advancements such as the use of augmented reality (AR) and blockchain technology and initiatives by the government and other organisations, the market is expected to witness a further growth in the forecast period of 2023-2028, growing at a CAGR of 4.5%.
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 global blood bank industry can be segmented into whole blood, red blood cell, platelet, plasma, and white blood cell. By function, the industry can be divided into collection, processing, testing, storage, and transportation. On the basis of bank type, private and public are the primary categories. By end-user, the various sectors of the industry are hospital, ambulatory surgery centres, pharmaceutical companies, clinics and nursing homes, among others. The major regional markets for the blood bank are North America, Latin America, Europe, the Middle East and Africa, and the Asia Pacific. 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.
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