The global Blood Market Study analyzes and forecasts the market size across 6 regions and 24 countries for diverse segments including By Product (Whole Blood Collection and Processing , Source Plasma Collection , Blood Typing Products, Blood Screening Products), By End-User (Blood & Blood Component Bank, Diagnostic Laboratories, Ambulatory Surgical Centers, Blood And Blood Component Bank, Others).
The Blood Market encompasses blood products, components, and transfusion-related services essential for patient care, surgical procedures, and medical emergencies requiring blood transfusions. In 2024, the blood market includes whole blood, red blood cells, platelets, plasma, and cryoprecipitate products that support blood banking, transfusion medicine, and hematology services in healthcare facilities. With considerations for blood typing, cross-matching, and blood safety protocols, the blood market plays a critical role in transfusion therapy, trauma care, and managing blood-related disorders and conditions.
The global Blood Industry is highly competitive with a large number of companies focusing on niche market segments. Amidst intense competitive conditions, Blood Companies are investing in new product launches and strengthening distribution channels. Key companies operating in the Blood Industry include- Abbott Laboratories, AXO Science, BAG Health Care GmbH, Bio Rad Laboratories Inc, Cardinal Health Inc, CSL Ltd, Danaher Corp, DIAGAST SAS, F. Hoffmann La Roche Ltd, Grifols SA, Haemonetics Corp, Medtronic Plc, Merck KGaA, Mesa Laboratories Inc, Nipro Corp, QuidelOrtho Corp, Rapid Labs Ltd, Terumo Corp, Thermo Fisher Scientific Inc.
A prominent trend in the Blood market is the growing demand for blood products and components, including red blood cells, plasma, platelets, and cryoprecipitate, for transfusion therapy, hemostasis, and therapeutic purposes in various medical and surgical settings. With increasing prevalence of chronic diseases, surgical procedures, and traumatic injuries, there is a growing need for safe and reliable blood products that can meet the diverse clinical needs of patients, driving market demand and investment in blood collection, processing, and storage technologies.
A significant driver for the Blood market is the rising healthcare expenditure and improving access to healthcare services in emerging economies, which has led to increased demand for blood products and transfusion services to support medical treatments, surgical procedures, and emergency care. As healthcare infrastructure expands and healthcare systems strive to meet the growing demand for blood products, there is a growing need for efficient and sustainable blood supply chains, blood management systems, and blood banking facilities, driving market growth and investment in blood banking technologies and transfusion medicine solutions.
An opportunity for market differentiation and innovation in the Blood market lies in developing advanced blood processing and storage technologies that improve the safety, quality, and availability of blood products for transfusion therapy and therapeutic use. By leveraging advancements in blood filtration, pathogen reduction, and cryopreservation techniques, blood service providers and medical device manufacturers can develop next-generation blood processing systems and storage solutions that enhance product shelf life, reduce transfusion-related complications, and expand the utility of blood products for diverse clinical applications, thereby creating new opportunities for market expansion, competitive differentiation, and value creation in the evolving field of transfusion medicine and blood banking.
Blood typing reagents emerge as the fastest-growing segment within the blood byproduct market. These reagents are essential components used in blood typing systems to accurately determine an individual's blood type and Rh factor. The rapid growth of blood typing reagents can be attributed to several factors. Firstly, the increasing demand for blood transfusions and organ transplantations necessitates accurate and efficient blood typing procedures to ensure compatibility between donors and recipients, driving the adoption of blood typing reagents. Additionally, advancements in technology have led to the development of novel blood typing reagents with improved specificity, sensitivity, and ease of use, further enhancing their appeal to healthcare providers. Moreover, the growing prevalence of chronic diseases and surgical procedures requiring blood transfusions fuels the demand for blood typing reagents in diagnostic laboratories, blood banks, and ambulatory surgical centers. With their critical role in ensuring safe and effective blood transfusions and transplantation procedures, blood typing reagents are expected to continue experiencing significant growth, particularly in diagnostic laboratories and blood and blood component banks, where accurate blood typing is paramount for patient safety and care.
By Product
Whole Blood Collection and Processing
-Whole Blood Collection Systems
-Whole Blood Collection Consumables
Source Plasma Collection
-Source Plasma Collection Systems
-Source Plasma Collection Consumables
Blood Typing Products
-Blood Typing Systems
-Blood Typing Reagents
Blood Screening Products
-Blood Screening Systems
-Blood Screening Reagents
By End-User
Blood & Blood Component Bank
Diagnostic Laboratories
Ambulatory Surgical Centers
Blood And Blood Component Bank
Others
Geographical Analysis
North America (United States, Canada, Mexico)
Europe (Germany, France, United Kingdom, Spain, Italy, Rest of Europe)
Asia Pacific (China, India, Japan, South Korea, Rest of Asia Pacific)
South America (Brazil, Argentina, Rest of South America)
Middle East and Africa (Saudi Arabia, UAE, Rest of Middle East, South Africa, Egypt, Rest of Africa)
Abbott Laboratories
AXO Science
BAG Health Care GmbH
Bio Rad Laboratories Inc
Cardinal Health Inc
CSL Ltd
Danaher Corp
DIAGAST SAS
F. Hoffmann La Roche Ltd
Grifols SA
Haemonetics Corp
Medtronic Plc
Merck KGaA
Mesa Laboratories Inc
Nipro Corp
QuidelOrtho Corp
Rapid Labs Ltd
Terumo Corp
Thermo Fisher Scientific Inc
* List not Exhaustive
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TABLE OF CONTENTS
1 Introduction to 2024 Blood Market
1.1 Market Overview
1.2 Quick Facts
1.3 Scope/Objective of the Study
1.4 Market Definition
1.5 Countries and Regions Analyzed
1.6 Units, Currency, and Conversions
1.7 Industry Value Chain
2 Research Methodology
2.1 Market Size Estimation
2.2 Sources and Research Methodology
2.3 Data Triangulation
2.4 Assumptions and Limitations
3 Executive Summary
3.1 Global Blood Market Size Outlook, $ Million, 2021 to 2030
3.2 Blood Market Outlook by Type, $ Million, 2021 to 2030
3.3 Blood Market Outlook by Product, $ Million, 2021 to 2030
3.4 Blood Market Outlook by Application, $ Million, 2021 to 2030
3.5 Blood Market Outlook by Key Countries, $ Million, 2021 to 2030
4 Market Dynamics
4.1 Key Driving Forces of Blood Industry
4.2 Key Market Trends in Blood Industry
4.3 Potential Opportunities in Blood Industry
4.4 Key Challenges in Blood Industry
5 Market Factor Analysis
5.1 Value Chain Analysis
5.2 Competitive Landscape
5.2.1 Global Blood Market Share by Company (%), 2023
5.2.2 Product Offerings by Company
5.3 Porter’s Five Forces Analysis
5.4 Pricing Analysis and Outlook
6 Growth Outlook Across Scenarios
6.1 Growth Analysis-Case Scenario Definitions
6.2 Low Growth Scenario Forecasts
6.3 Reference Growth Scenario Forecasts
6.4 High Growth Scenario Forecasts
7 Global Blood Market Outlook by Segments
7.1 Blood Market Outlook by Segments, $ Million, 2021- 2030
By Product
Whole Blood Collection and Processing
-Whole Blood Collection Systems
-Whole Blood Collection Consumables
Source Plasma Collection
-Source Plasma Collection Systems
-Source Plasma Collection Consumables
Blood Typing Products
-Blood Typing Systems
-Blood Typing Reagents
Blood Screening Products
-Blood Screening Systems
-Blood Screening Reagents
By End-User
Blood & Blood Component Bank
Diagnostic Laboratories
Ambulatory Surgical Centers
Blood And Blood Component Bank
Others
8 North America Blood Market Analysis and Outlook To 2030
8.1 Introduction to North America Blood Markets in 2024
8.2 North America Blood Market Size Outlook by Country, 2021-2030
8.2.1 United States
8.2.2 Canada
8.2.3 Mexico
8.3 North America Blood Market size Outlook by Segments, 2021-2030
By Product
Whole Blood Collection and Processing
-Whole Blood Collection Systems
-Whole Blood Collection Consumables
Source Plasma Collection
-Source Plasma Collection Systems
-Source Plasma Collection Consumables
Blood Typing Products
-Blood Typing Systems
-Blood Typing Reagents
Blood Screening Products
-Blood Screening Systems
-Blood Screening Reagents
By End-User
Blood & Blood Component Bank
Diagnostic Laboratories
Ambulatory Surgical Centers
Blood And Blood Component Bank
Others
9 Europe Blood Market Analysis and Outlook To 2030
9.1 Introduction to Europe Blood Markets in 2024
9.2 Europe Blood Market Size Outlook by Country, 2021-2030
9.2.1 Germany
9.2.2 France
9.2.3 Spain
9.2.4 United Kingdom
9.2.4 Italy
9.2.5 Russia
9.2.6 Norway
9.2.7 Rest of Europe
9.3 Europe Blood Market Size Outlook by Segments, 2021-2030
By Product
Whole Blood Collection and Processing
-Whole Blood Collection Systems
-Whole Blood Collection Consumables
Source Plasma Collection
-Source Plasma Collection Systems
-Source Plasma Collection Consumables
Blood Typing Products
-Blood Typing Systems
-Blood Typing Reagents
Blood Screening Products
-Blood Screening Systems
-Blood Screening Reagents
By End-User
Blood & Blood Component Bank
Diagnostic Laboratories
Ambulatory Surgical Centers
Blood And Blood Component Bank
Others
10 Asia Pacific Blood Market Analysis and Outlook To 2030
10.1 Introduction to Asia Pacific Blood Markets in 2024
10.2 Asia Pacific Blood Market Size Outlook by Country, 2021-2030
10.2.1 China
10.2.2 India
10.2.3 Japan
10.2.4 South Korea
10.2.5 Indonesia
10.2.6 Malaysia
10.2.7 Australia
10.2.8 Rest of Asia Pacific
10.3 Asia Pacific Blood Market size Outlook by Segments, 2021-2030
By Product
Whole Blood Collection and Processing
-Whole Blood Collection Systems
-Whole Blood Collection Consumables
Source Plasma Collection
-Source Plasma Collection Systems
-Source Plasma Collection Consumables
Blood Typing Products
-Blood Typing Systems
-Blood Typing Reagents
Blood Screening Products
-Blood Screening Systems
-Blood Screening Reagents
By End-User
Blood & Blood Component Bank
Diagnostic Laboratories
Ambulatory Surgical Centers
Blood And Blood Component Bank
Others
11 South America Blood Market Analysis and Outlook To 2030
11.1 Introduction to South America Blood Markets in 2024
11.2 South America Blood Market Size Outlook by Country, 2021-2030
11.2.1 Brazil
11.2.2 Argentina
11.2.3 Rest of South America
11.3 South America Blood Market size Outlook by Segments, 2021-2030
By Product
Whole Blood Collection and Processing
-Whole Blood Collection Systems
-Whole Blood Collection Consumables
Source Plasma Collection
-Source Plasma Collection Systems
-Source Plasma Collection Consumables
Blood Typing Products
-Blood Typing Systems
-Blood Typing Reagents
Blood Screening Products
-Blood Screening Systems
-Blood Screening Reagents
By End-User
Blood & Blood Component Bank
Diagnostic Laboratories
Ambulatory Surgical Centers
Blood And Blood Component Bank
Others
12 Middle East and Africa Blood Market Analysis and Outlook To 2030
12.1 Introduction to Middle East and Africa Blood Markets in 2024
12.2 Middle East and Africa Blood Market Size Outlook by Country, 2021-2030
12.2.1 Saudi Arabia
12.2.2 UAE
12.2.3 Oman
12.2.4 Rest of Middle East
12.2.5 Egypt
12.2.6 Nigeria
12.2.7 South Africa
12.2.8 Rest of Africa
12.3 Middle East and Africa Blood Market size Outlook by Segments, 2021-2030
By Product
Whole Blood Collection and Processing
-Whole Blood Collection Systems
-Whole Blood Collection Consumables
Source Plasma Collection
-Source Plasma Collection Systems
-Source Plasma Collection Consumables
Blood Typing Products
-Blood Typing Systems
-Blood Typing Reagents
Blood Screening Products
-Blood Screening Systems
-Blood Screening Reagents
By End-User
Blood & Blood Component Bank
Diagnostic Laboratories
Ambulatory Surgical Centers
Blood And Blood Component Bank
Others
13 Company Profiles
13.1 Company Snapshot
13.2 SWOT Profiles
13.3 Products and Services
13.4 Recent Developments
13.5 Financial Profile
List of Companies
Abbott Laboratories
AXO Science
BAG Health Care GmbH
Bio Rad Laboratories Inc
Cardinal Health Inc
CSL Ltd
Danaher Corp
DIAGAST SAS
F. Hoffmann La Roche Ltd
Grifols SA
Haemonetics Corp
Medtronic Plc
Merck KGaA
Mesa Laboratories Inc
Nipro Corp
QuidelOrtho Corp
Rapid Labs Ltd
Terumo Corp
Thermo Fisher Scientific Inc
14 Appendix
14.1 Customization Offerings
14.2 Subscription Services
14.3 Related Reports
14.4 Publisher Expertise
By Product
Whole Blood Collection and Processing
-Whole Blood Collection Systems
-Whole Blood Collection Consumables
Source Plasma Collection
-Source Plasma Collection Systems
-Source Plasma Collection Consumables
Blood Typing Products
-Blood Typing Systems
-Blood Typing Reagents
Blood Screening Products
-Blood Screening Systems
-Blood Screening Reagents
By End-User
Blood & Blood Component Bank
Diagnostic Laboratories
Ambulatory Surgical Centers
Blood And Blood Component Bank
Others
The global Blood Market is one of the lucrative growth markets, poised to register a 5.9% growth (CAGR) between 2024 and 2030.
Emerging Markets across Asia Pacific, Europe, and Americas present robust growth prospects.
Abbott Laboratories, AXO Science, BAG Health Care GmbH, Bio Rad Laboratories Inc, Cardinal Health Inc, CSL Ltd, Danaher Corp, DIAGAST SAS, F. Hoffmann La Roche Ltd, Grifols SA, Haemonetics Corp, Medtronic Plc, Merck KGaA, Mesa Laboratories Inc, Nipro Corp, QuidelOrtho Corp, Rapid Labs Ltd, Terumo Corp, Thermo Fisher Scientific Inc
Base Year- 2023; Estimated Year- 2024; Historic Period- 2018-2023; Forecast period- 2024 to 2030; Currency: USD; Volume