IMARC Group's report titled “Blood Bank Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2023-2028.” The global blood bank market share, size, trends, growth, analysis and report. 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 specialized facility that collects, tests, processes, stores, and distributes blood and blood products for medical purposes. It comprises two main types, including community blood banks which collect blood donations from voluntary donors within the community, and hospital-based blood banks, which are integrated into hospitals or medical centers and maintain a stock of blood and blood products for immediate use. It accounts for the diversity of blood types in the population, ensuring that patients receive compatible blood. It plays an important role in the healthcare system by ensuring a safe and adequate supply of blood for transfusions and other therapeutic procedures.

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Blood Bank Market Trends and Drivers:

At present, the increasing demand for blood banks, as they contribute to better healthcare outcomes by providing essential resources for medical treatments, represents one of the crucial factors impelling the growth of the market. Besides this, the rising number of blood drives and donation campaigns to foster a sense of community involvement and altruism is contributing to the growth of the market. In addition, the growing demand for blood and blood products due to the rise in surgical procedures, trauma cases, and the prevalence of chronic diseases, such as cancer and anemia, is offering a favorable market outlook. Apart from this, the increasing adoption of technologically advanced blood bank systems and storage solutions is supporting the growth of the market.

Competitive Landscape with Key Player:

• 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
• Vitalant.

Report Segmentation:

The report has segmented the market into the following categories:

Breakup by Product Type:

• Whole Blood
• Red Blood Cells
• Platelet
• Plasma
• White Blood Cells

Breakup by Bank Type:

• Private
• Public

Breakup by Function:

• Collection
• Processing
• Testing
• Storage
• Transportation

Breakup by End User:

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

Market Breakup by Region:

• North America (United States, Canada)
• Asia Pacific (China, Japan, India, South Korea, Australia, Indonesia, Others)
• Europe (Germany, France, United Kingdom, Italy, Spain, Russia, Others)
• Latin America (Brazil, Mexico, Others)
• Middle East and Africa

If you need specific information that is not currently within the scope of the report, we will provide it to you as a part of the customization.

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