Blood Bank Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2023-2028

Blood Bank Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2023-2028

The global blood bank market size reached US$ 16.4 Billion in 2022. Looking forward, IMARC Group expects the market to reach US$ 21.9 Billion by 2028, exhibiting a growth rate (CAGR) of 4.8% during 2023-2028.

A blood bank is a facility where blood is collected from donors, typed, separated into components, stored, and prepared for transfusion to patients. The blood is separated into red blood cells (RBCs), plasma, and platelets, which are transfused to different individuals according to their requirements. Blood banks avoid transfusion-related reactions by providing proper identification of the patients and blood products. In addition, they offer distribution services of blood to hospitals, ambulatory surgery centers, pharmaceutical companies, and research centers.

Blood Bank Market Trends:
The growing prevalence of hematological diseases, such as rare genetic conditions, anemia, and sickle cell disease due to disorders of the blood and blood-forming organs, represents one of the key factors driving the market. Moreover, there is an increase in the demand for safe blood due to the rising cases of transfusion transmissible infections (TTI), such as human immunodeficiency viruses (HIV) and hepatitis B. This, along with the increasing geriatric population across the globe, is propelling the growth of the market. In addition, there is a rise in the demand for red blood cells (RBCs) in amputation surgeries. This, coupled with various benefits associated with red blood cells (RBCs), such as easy availability and low cost of storage and maintenance, is positively influencing the market. Besides this, governments of several countries are taking initiatives to promote blood donation around the world. In line with this, the expanding healthcare industry is offering lucrative growth opportunities to end-users and investors. Additionally, the rising number of accidents in sports due to poor training methods, structural abnormalities, and unsafe exercising environments is bolstering the demand for packed red blood cells (RBCs) during blood transfusions.

Key Market Segmentation:
IMARC Group provides an analysis of the key trends in each sub-segment of the global blood bank market report, along with forecasts at the global, regional and country level from 2023-2028. Our report has categorized the market based on product type, bank type, function and end user.

Breakup by Product Type:

Whole Blood
Red Blood Cells
White Blood Cells

Breakup by Bank Type:


Breakup by Function:


Breakup by End User:

Ambulatory Surgery Centers
Pharmaceutical Companies
Clinics and Nursing Homes

Breakup by Region:

North America
United States
South Korea
United Kingdom
Latin America
Middle East and Africa

Competitive Landscape:
The competitive landscape of the industry has also been examined along with the profiles of the key players being American Association of Blood Banks, Blood Bank of Alaska, Canadian Blood Services, Haemonetics Corporation, Japanese Red Cross Society, New York Blood Center, NHS Blood and Transplant, Sanquin Bloedvoorziening, Terumo Corporation, The American National Red Cross and Vitalant.

Key Questions Answered in This Report

1. What was the size of the global blood bank market in 2022?
2. What is the expected growth rate of the global blood bank market during 2023-2028?
3. What are the key factors driving the global blood bank market?
4. What has been the impact of COVID-19 on the global blood bank market?
5. What is the breakup of the global blood bank market based on the product type?
6. What is the breakup of the global blood bank market based on the bank type?
7. What is the breakup of the global blood bank market based on function?
8. What is the breakup of the global blood bank market based on the end user?
9. What are the key regions in the global blood bank market?
10. Who are the key players/companies in the global blood bank market?

1 Preface
2 Scope and Methodology
2.1 Objectives of the Study
2.2 Stakeholders
2.3 Data Sources
2.3.1 Primary Sources
2.3.2 Secondary Sources
2.4 Market Estimation
2.4.1 Bottom-Up Approach
2.4.2 Top-Down Approach
2.5 Forecasting Methodology
3 Executive Summary
4 Introduction
4.1 Overview
4.2 Key Industry Trends
5 Global Blood Bank Market
5.1 Market Overview
5.2 Market Performance
5.3 Impact of COVID-19
5.4 Market Forecast
6 Market Breakup by Product Type
6.1 Whole Blood
6.1.1 Market Trends
6.1.2 Market Forecast
6.2 Red Blood Cells
6.2.1 Market Trends
6.2.2 Market Forecast
6.3 Platelet
6.3.1 Market Trends
6.3.2 Market Forecast
6.4 Plasma
6.4.1 Market Trends
6.4.2 Market Forecast
6.5 White Blood Cells
6.5.1 Market Trends
6.5.2 Market Forecast
7 Market Breakup by Bank Type
7.1 Private
7.1.1 Market Trends
7.1.2 Market Forecast
7.2 Public
7.2.1 Market Trends
7.2.2 Market Forecast
8 Market Breakup by Function
8.1 Collection
8.1.1 Market Trends
8.1.2 Market Forecast
8.2 Processing
8.2.1 Market Trends
8.2.2 Market Forecast
8.3 Testing
8.3.1 Market Trends
8.3.2 Market Forecast
8.4 Storage
8.4.1 Market Trends
8.4.2 Market Forecast
8.5 Transportation
8.5.1 Market Trends
8.5.2 Market Forecast
9 Market Breakup by End User
9.1 Hospital
9.1.1 Market Trends
9.1.2 Market Forecast
9.2 Ambulatory Surgery Centers
9.2.1 Market Trends
9.2.2 Market Forecast
9.3 Pharmaceutical Companies
9.3.1 Market Trends
9.3.2 Market Forecast
9.4 Clinics and Nursing Homes
9.4.1 Market Trends
9.4.2 Market Forecast
9.5 Others
9.5.1 Market Trends
9.5.2 Market Forecast
10 Market Breakup by Region
10.1 North America
10.1.1 United States Market Trends Market Forecast
10.1.2 Canada Market Trends Market Forecast
10.2 Asia-Pacific
10.2.1 China Market Trends Market Forecast
10.2.2 Japan Market Trends Market Forecast
10.2.3 India Market Trends Market Forecast
10.2.4 South Korea Market Trends Market Forecast
10.2.5 Australia Market Trends Market Forecast
10.2.6 Indonesia Market Trends Market Forecast
10.2.7 Others Market Trends Market Forecast
10.3 Europe
10.3.1 Germany Market Trends Market Forecast
10.3.2 France Market Trends Market Forecast
10.3.3 United Kingdom Market Trends Market Forecast
10.3.4 Italy Market Trends Market Forecast
10.3.5 Spain Market Trends Market Forecast
10.3.6 Russia Market Trends Market Forecast
10.3.7 Others Market Trends Market Forecast
10.4 Latin America
10.4.1 Brazil Market Trends Market Forecast
10.4.2 Mexico Market Trends Market Forecast
10.4.3 Others Market Trends Market Forecast
10.5 Middle East and Africa
10.5.1 Market Trends
10.5.2 Market Breakup by Country
10.5.3 Market Forecast
11 SWOT Analysis
11.1 Overview
11.2 Strengths
11.3 Weaknesses
11.4 Opportunities
11.5 Threats
12 Value Chain Analysis
13 Porters Five Forces Analysis
13.1 Overview
13.2 Bargaining Power of Buyers
13.3 Bargaining Power of Suppliers
13.4 Degree of Competition
13.5 Threat of New Entrants
13.6 Threat of Substitutes
14 Price Analysis
15 Competitive Landscape
15.1 Market Structure
15.2 Key Players
15.3 Profiles of Key Players
15.3.1 American Association of Blood Banks Company Overview Product Portfolio
15.3.2 Blood Bank of Alaska Company Overview Product Portfolio
15.3.3 Canadian Blood Services Company Overview Product Portfolio
15.3.4 Haemonetics Corporation Company Overview Product Portfolio Financials SWOT Analysis
15.3.5 Japanese Red Cross Society Company Overview Product Portfolio
15.3.6 New York Blood Center Company Overview Product Portfolio
15.3.7 NHS Blood and Transplant Company Overview Product Portfolio
15.3.8 Sanquin Bloedvoorziening Company Overview Product Portfolio
15.3.9 Terumo Corporation Company Overview Product Portfolio Financials SWOT Analysis
15.3.10 The American National Red Cross Company Overview Product Portfolio
15.3.11 Vitalant Company Overview Product Portfolio

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