Blood Bank Market Report and Forecast 2025-2034
Description
The global blood bank market was valued at USD 17.59 Billion in 2024, driven by rising awareness among people regarding the importance of donating blood, initiatives by the government and other organisations across the globe. The market is anticipated to grow at a CAGR of 4.70% during the forecast period of 2025-2034 to achieve a value of USD 27.84 Billion by 2034.
The market growth is driven by increasing 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.
Blood Bank Market Overview
Blood banks are essential healthcare institutions responsible for the collection, testing, storage, and distribution of blood and its components. As per the data released by the World Health Organization in May 2025, approximately 118.5 million blood donations were collected globally in 2023, with 40% from high-income countries and an average of 31.5 donations per 1,000 people in those regions . In the U.S. alone, around 13.6 million units of whole blood and red cells were donated in 2023, supporting nearly 29,000 daily transfusions. Blood banks are vital for emergency medicine, surgeries, and chronic disease management, and with growing global demand, they serve as critical infrastructure underpinning modern healthcare systems worldwide.
Blood Bank Market Growth Drivers
Global Collaborations Enhancing Market Development Worldwide
The increasing demand for safe blood supplies and the need to strengthen healthcare systems in low-resource countries are propelling strategic alliances in the blood bank market. For instance, in April 2025, the AABB and Global Blood Fund renewed their Memorandum of Understanding to jointly support underserved regions by improving blood collection, storage, and transfusion practices. This collaboration is expected to enhance global access to quality blood banking services, supporting global blood bank market expansion through knowledge sharing, capacity building, and international standardization.
Blood Bank Market Trends
Major market trends such as rising awareness, technological innovation, and urgent donor initiatives are significantly transforming the market.
Corporate Donations Enhancing Market Growth
Increasing corporate social responsibility and private-sector support are vital in strengthening the blood collection infrastructure. For instance, in April 2025, First Projects Holding in Kuwait collaborated with the Central Blood Bank to launch a blood donation campaign involving employee participation. This initiative not only raises public awareness but also ensures a more stable donor base. Such corporate-backed campaigns are forecast to expand global blood bank market development by boosting regular donations and reinforcing community health engagement.
Rising Awareness Around Blood Donations to Boost Blood Bank Market Demand
Heightened national urgency and donor outreach efforts are crucial market drivers, especially amid growing blood shortages. For instance, in June 2025, England's NHS issued a “red alert,” calling for 200,000 new donors to alleviate a critical shortage exacerbated by prolonged low blood stock levels. This large-scale mobilization is anticipated to reinforce blood collection infrastructure and elevate public responsiveness, significantly enhancing global blood bank market resilience and ensuring supply reliability during the forecast period.
Adoption of Cutting Edge Solutions to Boost Global Blood Bank Market Value
Adoption of innovative logistics and scalable blood delivery methods is driving technological advancement in the blood bank sector. For instance, in February 2024, Harvard-led experts published strategies in The Lancet Global Health advocating for walking blood banks and drone delivery to address remote-area shortages. These low-cost, high-impact solutions are expected to expand access to safe blood, especially in underserved regions, significantly raising the global blood bank market value and operational efficiency.
Rising Demand for Safe Blood Supply Driving Market Growth
The increasing incidence of surgeries, trauma cases, and chronic conditions like cancer and anaemia is intensifying the demand for safe, readily available blood globally. Alongside aging populations and expanding healthcare infrastructure in low- and middle-income countries, governments and health agencies are reinforcing blood bank systems. This sustained need for reliable transfusion services is driving investment in advanced blood storage technologies, digital donor management platforms, and efficient logistics, collectively propelling long-term growth of the global market.
Blood Bank Market Segmentation
"Blood Bank Market Report and Forecast 2025-2034" offers a detailed analysis of the market based on the following segments:
Breakup by Product Type
Hospitals Dominating the Segment by End User
Hospitals are expected to hold the largest market share in the blood bank industry due to their high patient turnover, constant need for blood in surgeries, trauma care, and chronic disease treatments. They serve as primary hubs for transfusions and complex procedures requiring blood components. Additionally, hospitals often collaborate with public and private blood banks, ensuring a continuous supply chain. Their critical role in emergency and routine care positions them as the leading contributors to blood bank demand globally.
Global Blood Bank Market Analysis by Region
North America and Europe Emerging as Leading Regions in the Blood Bank Market
North America is expected to lead the blood bank market due to widespread healthcare access, advanced transfusion technologies, and over 13 million annual blood donations in the U.S. alone . Europe ranks second, supported by efficient national blood services and strong public awareness. Countries like Germany and the UK maintain high donation rates and strict blood safety protocols, ensuring a reliable supply and driving regional growth in transfusion medicine and blood component storage.
Leading Players in the Global Blood Bank Market
The key features of the market report comprise funding and investment analysis, and strategic initiatives by the leading players. The major companies in the market are as follows:
AMERICAN ASSOCIATION OF BLOOD BANKS
Founded in 1947 and headquartered in Bethesda, Maryland, the American Association of Blood Banks (AABB) is a non-profit organization that sets standards and accredits institutions involved in transfusion medicine and cellular therapies. AABB plays a key role in promoting safe, effective blood donation, storage, and transfusion practices globally. It supports healthcare facilities, blood banks, and laboratories by providing education, policy advocacy, and technical guidance to improve patient care and safety in blood and biotherapies.
America's Blood Centers
Established in 1962 and headquartered in Washington, D.C., America's Blood Centers (ABC) is the largest network of community-based, non-profit blood centers in the United States. Its members collect and distribute nearly 60% of the nation’s blood supply. ABC works to ensure a steady blood supply, especially during public health emergencies, and supports advancements in donor recruitment, transfusion safety, and patient care. Its network supports hospitals, trauma centers, and outpatient clinics across North America.
Australian Red Cross Society
Headquartered in Melbourne and established in 1914, the Australian Red Cross Society oversees Lifeblood, a division responsible for managing Australia’s blood and biological product supply. The organization collects, tests, and distributes blood and related products nationwide. It also supports research, organ and tissue donation, and provides services during natural disasters. Lifeblood’s contribution is essential to the country’s healthcare system, ensuring timely and safe transfusion support for surgeries, trauma care, and chronic disease management.
Blood Bank of Alaska
Founded in 1962 and based in Anchorage, Alaska, the Blood Bank of Alaska (BBA) is a vital non-profit organization serving hospitals and healthcare providers throughout the state. It collects, processes, and distributes blood and blood products, ensuring Alaskans have access to lifesaving transfusion services. Operating in one of the most remote U.S. regions, BBA maintains high safety standards and engages in community outreach, while supporting both routine medical procedures and emergency care needs.
Other key players in the market include Canadian Blood Services, JAPANESE RED CROSS SOCIETY, NEW YORK BLOOD CENTRE, SANQUIN BLOOD SUPPLY FOUNDATION, THE AMERICAN RED CROSS, and VITALANT, among others.
Key Questions Answered in the Global Blood Bank Market
The market growth is driven by increasing 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.
Blood Bank Market Overview
Blood banks are essential healthcare institutions responsible for the collection, testing, storage, and distribution of blood and its components. As per the data released by the World Health Organization in May 2025, approximately 118.5 million blood donations were collected globally in 2023, with 40% from high-income countries and an average of 31.5 donations per 1,000 people in those regions . In the U.S. alone, around 13.6 million units of whole blood and red cells were donated in 2023, supporting nearly 29,000 daily transfusions. Blood banks are vital for emergency medicine, surgeries, and chronic disease management, and with growing global demand, they serve as critical infrastructure underpinning modern healthcare systems worldwide.
Blood Bank Market Growth Drivers
Global Collaborations Enhancing Market Development Worldwide
The increasing demand for safe blood supplies and the need to strengthen healthcare systems in low-resource countries are propelling strategic alliances in the blood bank market. For instance, in April 2025, the AABB and Global Blood Fund renewed their Memorandum of Understanding to jointly support underserved regions by improving blood collection, storage, and transfusion practices. This collaboration is expected to enhance global access to quality blood banking services, supporting global blood bank market expansion through knowledge sharing, capacity building, and international standardization.
Blood Bank Market Trends
Major market trends such as rising awareness, technological innovation, and urgent donor initiatives are significantly transforming the market.
Corporate Donations Enhancing Market Growth
Increasing corporate social responsibility and private-sector support are vital in strengthening the blood collection infrastructure. For instance, in April 2025, First Projects Holding in Kuwait collaborated with the Central Blood Bank to launch a blood donation campaign involving employee participation. This initiative not only raises public awareness but also ensures a more stable donor base. Such corporate-backed campaigns are forecast to expand global blood bank market development by boosting regular donations and reinforcing community health engagement.
Rising Awareness Around Blood Donations to Boost Blood Bank Market Demand
Heightened national urgency and donor outreach efforts are crucial market drivers, especially amid growing blood shortages. For instance, in June 2025, England's NHS issued a “red alert,” calling for 200,000 new donors to alleviate a critical shortage exacerbated by prolonged low blood stock levels. This large-scale mobilization is anticipated to reinforce blood collection infrastructure and elevate public responsiveness, significantly enhancing global blood bank market resilience and ensuring supply reliability during the forecast period.
Adoption of Cutting Edge Solutions to Boost Global Blood Bank Market Value
Adoption of innovative logistics and scalable blood delivery methods is driving technological advancement in the blood bank sector. For instance, in February 2024, Harvard-led experts published strategies in The Lancet Global Health advocating for walking blood banks and drone delivery to address remote-area shortages. These low-cost, high-impact solutions are expected to expand access to safe blood, especially in underserved regions, significantly raising the global blood bank market value and operational efficiency.
Rising Demand for Safe Blood Supply Driving Market Growth
The increasing incidence of surgeries, trauma cases, and chronic conditions like cancer and anaemia is intensifying the demand for safe, readily available blood globally. Alongside aging populations and expanding healthcare infrastructure in low- and middle-income countries, governments and health agencies are reinforcing blood bank systems. This sustained need for reliable transfusion services is driving investment in advanced blood storage technologies, digital donor management platforms, and efficient logistics, collectively propelling long-term growth of the global market.
Blood Bank Market Segmentation
"Blood Bank Market Report and Forecast 2025-2034" offers a detailed analysis of the market based on the following segments:
Breakup by Product Type
- Whole Blood
- Red Blood Cells
- White Blood Cell
- Platelet
- Plasma
- Collection
- Processing
- Testing
- Storage
- Transportation
- Private
- Public
- Home Healthcare
- Others
- Hospital
- Ambulatory Surgery Centers
- Pharmaceutical Companies
- Clinics and Nursing Homes
- Others
- North America
- Europe
- Asia Pacific
- Latin America
- Middle East and Africa
Hospitals Dominating the Segment by End User
Hospitals are expected to hold the largest market share in the blood bank industry due to their high patient turnover, constant need for blood in surgeries, trauma care, and chronic disease treatments. They serve as primary hubs for transfusions and complex procedures requiring blood components. Additionally, hospitals often collaborate with public and private blood banks, ensuring a continuous supply chain. Their critical role in emergency and routine care positions them as the leading contributors to blood bank demand globally.
Global Blood Bank Market Analysis by Region
North America and Europe Emerging as Leading Regions in the Blood Bank Market
North America is expected to lead the blood bank market due to widespread healthcare access, advanced transfusion technologies, and over 13 million annual blood donations in the U.S. alone . Europe ranks second, supported by efficient national blood services and strong public awareness. Countries like Germany and the UK maintain high donation rates and strict blood safety protocols, ensuring a reliable supply and driving regional growth in transfusion medicine and blood component storage.
Leading Players in the Global Blood Bank Market
The key features of the market report comprise funding and investment analysis, and strategic initiatives by the leading players. The major companies in the market are as follows:
AMERICAN ASSOCIATION OF BLOOD BANKS
Founded in 1947 and headquartered in Bethesda, Maryland, the American Association of Blood Banks (AABB) is a non-profit organization that sets standards and accredits institutions involved in transfusion medicine and cellular therapies. AABB plays a key role in promoting safe, effective blood donation, storage, and transfusion practices globally. It supports healthcare facilities, blood banks, and laboratories by providing education, policy advocacy, and technical guidance to improve patient care and safety in blood and biotherapies.
America's Blood Centers
Established in 1962 and headquartered in Washington, D.C., America's Blood Centers (ABC) is the largest network of community-based, non-profit blood centers in the United States. Its members collect and distribute nearly 60% of the nation’s blood supply. ABC works to ensure a steady blood supply, especially during public health emergencies, and supports advancements in donor recruitment, transfusion safety, and patient care. Its network supports hospitals, trauma centers, and outpatient clinics across North America.
Australian Red Cross Society
Headquartered in Melbourne and established in 1914, the Australian Red Cross Society oversees Lifeblood, a division responsible for managing Australia’s blood and biological product supply. The organization collects, tests, and distributes blood and related products nationwide. It also supports research, organ and tissue donation, and provides services during natural disasters. Lifeblood’s contribution is essential to the country’s healthcare system, ensuring timely and safe transfusion support for surgeries, trauma care, and chronic disease management.
Blood Bank of Alaska
Founded in 1962 and based in Anchorage, Alaska, the Blood Bank of Alaska (BBA) is a vital non-profit organization serving hospitals and healthcare providers throughout the state. It collects, processes, and distributes blood and blood products, ensuring Alaskans have access to lifesaving transfusion services. Operating in one of the most remote U.S. regions, BBA maintains high safety standards and engages in community outreach, while supporting both routine medical procedures and emergency care needs.
Other key players in the market include Canadian Blood Services, JAPANESE RED CROSS SOCIETY, NEW YORK BLOOD CENTRE, SANQUIN BLOOD SUPPLY FOUNDATION, THE AMERICAN RED CROSS, and VITALANT, among others.
Key Questions Answered in the Global Blood Bank Market
- What was the global blood bank market value in 2024?
- What is the global blood bank market forecast outlook for 2025-2034?
- What are the major factors aiding the global blood bank market demand?
- How has the market performed so far, and how is it anticipated to perform in the coming years?
- What are the market's major drivers, opportunities, and restraints?
- What are the major global blood bank market trends?
- Which product type will lead the market segment?
- Which function will lead the market segment?
- Which bank type will lead the market segment?
- Which end user will lead the market segment?
- Who are the key players involved in the global blood bank market?
- What is the patent landscape of the market?
- What are the current unmet needs and challenges in the market?
- How are partnerships, collaborations, mergers, and acquisitions among the key market players shaping the market dynamics?
Table of Contents
400 Pages
- 1 Preface
- 1.1 Objectives of the Study
- 1.2 Key Assumptions
- 1.3 Report Coverage – Key Segmentation and Scope
- 1.4 Research Methodology
- 2 Executive Summary
- 3 Global Blood Bank Market Overview
- 3.1 Global Blood Bank Market Historical Value (2018-2024)
- 3.2 Global Blood Bank Market Forecast Value (2025-2034)
- 4 Global Blood Bank Market Landscape
- 4.1 Global Blood Bank Developers Landscape
- 4.1.1 Analysis by Year of Establishment
- 4.1.2 Analysis by Company Size
- 4.1.3 Analysis by Region
- 4.2 Global Blood Bank Product Landscape
- 4.2.1 Analysis by Product Type
- 4.2.2 Analysis by Function
- 4.2.3 Analysis by Bank Type
- 4.2.4 Analysis by End User
- 4.2.5 Analysis by Bank Region
- 5 Global Blood Bank Market Dynamics
- 5.1 Market Drivers and Constraints
- 5.2 SWOT Analysis
- 5.3 Porter’s Five Forces Model
- 5.4 Key Demand Indicators
- 5.5 Key Price Indicators
- 5.6 Industry Events, Initiatives, and Trends
- 5.7 Value Chain Analysis
- 6 Global Blood Bank Market Segmentation
- 6.1 Global Blood Bank Market by Product Type
- 6.1.1 Market Overview
- 6.1.2 Whole Blood
- 6.1.3 Red Blood Cells
- 6.1.4 White Blood Cell
- 6.1.5 Platelet
- 6.1.6 Plasma
- 6.2 Global Blood Bank Market by Function
- 6.2.1 Market Overview
- 6.2.2 Collection
- 6.2.3 Processing
- 6.2.4 Testing
- 6.2.5 Storage
- 6.2.6 Transportation
- 6.3 Global Blood Bank Market by Bank Type
- 6.3.1 Market Overview
- 6.3.2 Private
- 6.3.3 Public
- 6.3.4 Home Healthcare
- 6.3.5 Others
- 6.4 Global Blood Bank Market by End User
- 6.4.1 Market Overview
- 6.4.2 Hospital
- 6.4.3 Ambulatory Surgery Centres
- 6.4.4 Pharmaceutical Companies
- 6.4.5 Clinics and Nursing Homes
- 6.4.6 Others
- 6.5 Global Blood Bank Market by Region
- 6.5.1 Market Overview
- 6.5.2 North America
- 6.5.3 Europe
- 6.5.4 Asia Pacific
- 6.5.5 Latin America
- 6.5.6 Middle East and Africa
- 7 North America Blood Bank Market
- 7.1 Market Share by Country
- 7.2 United States of America
- 7.3 Canada
- 8 Europe Blood Bank Market
- 8.1 Market Share by Country
- 8.2 United Kingdom
- 8.3 Germany
- 8.4 France
- 8.5 Italy
- 8.6 Others
- 9 Asia Pacific Blood Bank Market
- 9.1 Market Share by Country
- 9.2 China
- 9.3 Japan
- 9.4 India
- 9.5 ASEAN
- 9.6 Australia
- 9.7 Others
- 10 Latin America Blood Bank Market
- 10.1 Market Share by Country
- 10.2 Brazil
- 10.3 Argentina
- 10.4 Mexico
- 10.5 Others
- 11 Middle East and Africa Blood Bank Market
- 11.1 Market Share by Country
- 11.2 Saudi Arabia
- 11.3 United Arab Emirates
- 11.4 Nigeria
- 11.5 South Africa
- 11.6 Others
- 12 Patent Analysis
- 12.1 Analysis by Type of Patent
- 12.2 Analysis by Publication year
- 12.3 Analysis by Issuing Authority
- 12.4 Analysis by Patent Age
- 12.5 Analysis by CPC Analysis
- 12.6 Analysis by Patent Valuation
- 12.7 Analysis by Key Players
- 13 Grants Analysis
- 13.1 Analysis by year
- 13.2 Analysis by Amount Awarded
- 13.3 Analysis by Issuing Authority
- 13.4 Analysis by Grant Application
- 13.5 Analysis by Funding Institute
- 13.6 Analysis by NIH Departments
- 13.7 Analysis by Recipient Organization
- 14 Funding Analysis
- 14.1 Analysis by Funding Instances
- 14.2 Analysis by Type of Funding
- 14.3 Analysis by Funding Amount
- 14.4 Analysis by Leading Players
- 14.5 Analysis by Leading Investors
- 14.6 Analysis by Geography
- 15 Partnership and Collaborations Analysis
- 15.1 Analysis by Partnership Instances
- 15.2 Analysis by Type of Partnership
- 15.3 Analysis by Leading Players
- 15.4 Analysis by Geography
- 16 Regulatory Framework
- 16.1 Regulatory Overview
- 16.1.1 US FDA
- 16.1.2 EU EMA
- 16.1.3 INDIA CDSCO
- 16.1.4 JAPAN PMDA
- 16.1.5 Others
- 17 Supplier Landscape
- 17.1 AMERICAN ASSOCIATION OF BLOOD BANKS
- 17.1.1 Financial Analysis
- 17.1.2 Product Portfolio
- 17.1.3 Demographic Reach and Achievements
- 17.1.4 Mergers and Acquisitions
- 17.1.5 Certifications
- 17.2 AMERICA'S BLOOD CENTERS
- 17.2.1 Financial Analysis
- 17.2.2 Product Portfolio
- 17.2.3 Demographic Reach and Achievements
- 17.2.4 Mergers and Acquisitions
- 17.2.5 Certifications
- 17.3 AUSTRALIAN RED CROSS SOCIETY
- 17.3.1 Financial Analysis
- 17.3.2 Product Portfolio
- 17.3.3 Demographic Reach and Achievements
- 17.3.4 Mergers and Acquisitions
- 17.3.5 Certifications
- 17.4 BLOOD BANK OF ALASKA
- 17.4.1 Financial Analysis
- 17.4.2 Financial Portfolio
- 17.4.3 Demographic Reach and Achievements
- 17.4.4 Mergers and Acquisitions
- 17.4.5 Certifications
- 17.5 CANADIAN BLOOD SERVICES
- 17.5.1 Financial Analysis
- 17.5.2 Product Portfolio
- 17.5.3 Demographic Reach and Achievements
- 17.5.4 Mergers and Acquisitions
- 17.5.5 Certifications
- 17.6 JAPANESE RED CROSS SOCIETY
- 17.6.1 Financial Analysis
- 17.6.2 Product Portfolio
- 17.6.3 Demographic Reach and Achievements
- 17.6.4 Mergers and Acquisitions
- 17.6.5 Certifications
- 17.7 NEW YORK BLOOD CENTRE
- 17.7.1 Financial Analysis
- 17.7.2 Product Portfolio
- 17.7.3 Demographic Reach and Achievements
- 17.7.4 Mergers and Acquisitions
- 17.7.5 Certifications
- 17.8 SANQUIN BLOOD SUPPLY FOUNDATION
- 17.8.1 Financial Analysis
- 17.8.2 Product Portfolio
- 17.8.3 Demographic Reach and Achievements
- 17.8.4 Mergers and Acquisitions
- 17.8.5 Certifications
- 17.9 THE AMERICAN RED CROSS
- 17.9.1 Financial Analysis
- 17.9.2 Product Portfolio
- 17.9.3 Demographic Reach and Achievements
- 17.9.4 Mergers and Acquisitions
- 17.9.5 Certifications
- 17.10 VITALANT
- 17.10.1 Financial Analysis
- 17.10.2 Product Portfolio
- 17.10.3 Demographic Reach and Achievements
- 17.10.4 Mergers and Acquisitions
- 17.10.5 Certifications
- 17.11 Others
- 18 Global Blood Bank Market - Distribution Model (Additional Insight)
- 18.1 Overview
- 18.2 Potential Distributors
- 18.3 Key Parameters for Distribution Partner Assessment
- 19 Key Opinion Leaders (KOL) Insights (Additional Insight)
- 20 Company Competitiveness Analysis (Additional Insight)
- 20.1 Very Small Companies
- 20.2 Small Companies
- 20.3 Mid-Sized Companies
- 20.4 Large Companies
- 20.5 Very Large Companies
- 21 Payment Methods (Additional Insight)
- 21.1 Government Funded
- 21.2 Private Insurance
- 21.3 Out-of-Pocket
Pricing
Currency Rates
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