Overview and Scope
Blood preparation refers to the process of collecting, processing, and storing blood and blood components for use in transfusions or other medical treatments. The blood preparation process involves donor screening, blood collection, testing, storage, and transfusion.
Sizing and Forecast
The blood preparation market size has grown strongly in recent years. It will grow from $44.46 billion in 2023 to $47.72 billion in 2024 at a compound annual growth rate (CAGR) of 7.3%. The growth in the historic period can be attributed to rise in blood transfusion procedures, increasing prevalence of blood disorders, growing awareness of blood safety, global initiatives for blood donation, government regulations and standards.
The blood preparation market size is expected to see strong growth in the next few years. It will grow to $61.04 billion in 2028 at a compound annual growth rate (CAGR) of 6.3%. The growth in the forecast period can be attributed to rising demand for blood components, personalized medicine approaches, emerging therapies and applications, global healthcare infrastructure development. Major trends in the forecast period include automation and integration of blood processing systems, demand for pathogen-reduced blood components, customization and personalization in blood components, focus on platelet-rich plasma (prp) and platelet-rich fibrin (prf), regulatory compliance and stringent quality standards.
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Segmentation & Regional Insights
The blood preparation market covered in this report is segmented –
1) By Product: Whole Blood, Blood Components, Blood Derivatives
2) By Antithrombotic And Anticoagulants Type: Platelet Aggregation Inhibitors, Fibrinolytics, Anticoagulants
3) By Application: Transfusion, Diagnostics, Research
4) By End User: Hospitals, Clinics, Blood Banks, Other End-Users
North America was the largest region in the blood preparation market in 2023. Asia-Pacific is expected to be the fastest-growing region in the global blood preparation market during the forecast period. The regions covered in the blood preparation market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa
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Major Driver Impacting Market Growth
The increasing number of blood donations worldwide is expected to boost the growth of the blood preparation market going forward. Blood donation refers to the process of donating blood to save the lives of others. It makes blood transfusion possible as a life-sustaining and life-saving treatment. Patients require blood to survive surgeries, cancer treatment, chronic illnesses, and traumatic traumas. It enables transfusion during the blood preparation process, ensuring that blood is always available whenever and wherever it is required. For instance, in May 2022, according to National Blood Service Ghana, a Ghana-based blood donation service organization, in 2021, a total of 173,938 units of blood were taken, an increase from 156,453 in 2020. Furthermore, in May 2022, according to World Bank, a US-based international financial institution, the volume of blood collected increased by 86%, from 100,018 units in June 2020 to 186,239 units in June 2021, serving over 214,187 people. Therefore, rising in blood donation is driving the growth of the blood preparation market.
Key Industry Players
Major companies operating in the blood preparation market report are GlaxoSmithKline plc, Pfizer Inc., Leo Pharma A/S, Boehringer Ingelheim International GmbH, Sanofi S.A., AstraZeneca plc, Daiichi Sankyo Company Limited, Baxter International Inc., Johnson And Johnson Services Inc., Xiamen Hisunny Chemical Co. Ltd., Aralez Pharmaceuticals Canada Inc., Ionis Pharmaceuticals Inc., Bayer AG, Portola Pharmaceuticals Inc., Celgene Corporation, The Bristol-Myers Squibb Company, CSL Behring , The Takeda Pharmaceutical Company Limited , Grifols S.A., Octapharma AG, Kedrion S.p.A, Thermo Fisher Scientific Inc., SHANDONG EAST INTERNATIONAL CHEMICAL Co. Ltd., F. Hoffmann-La Roche Ltd., Abbott Laboratories Inc., Bio-Rad Laboratories Inc., Terumo BCT Inc., Immucor Inc., Ortho Clinical Diagnostics, Beckman Coulter Inc.
The blood preparation market report table of contents includes:
- Executive Summary
- Blood Preparation Market Characteristics
- Blood Preparation Market Trends And Strategies
- Blood Preparation Market – Macro Economic Scenario
- Global Blood Preparation Market Size and Growth
- Blood Preparation Market Segmentation
- Blood Preparation Market Regional And Country Analysis
………
- Key Mergers And Acquisitions In The Blood Preparation Market
- Blood Preparation Market Future Outlook and Potential Analysis
- Appendix
List Of Tables:
Table 1: Global Historic Market Growth, 2018-2023, $ Billion
Table 2: Global Forecast Market Growth, 2023-2028F, 2033F, $ Billion
Table 3: Global Blood Preparation Market, Segmentation By Product, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
Table 4: Global Blood Preparation Market, Segmentation By Antithrombotic And Anticoagulants Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
Table 5: Global Blood Preparation Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
……….
Table 75: GlaxoSmithKline plc Financial Performance
Table 76: Pfizer Inc. Financial Performance
Table 77: Leo Pharma A/S Financial Performance
Table 78: Boehringer Ingelheim International GmbH Financial Performance
Table 79: Sanofi S.A. Financial Performance
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