Blood Bank Market

Blood Bank Market Size, Share, Growth Analysis, By Product Type(Whole blood, Red Blood Cell, Platelet, Plasma) - Industry Forecast 2024-2031


Report ID: UCMIG35B2008 | Region: Global | Published Date: Upcoming |
Pages: 165 | Tables: 55 | Figures: 60

Blood Bank Market Insights

Market Overview:

The rise in the incidence of haematological illnesses and the increase in accidents are the primary factors driving the growth of the global blood bank market. Furthermore, the growing geriatric population and increasing need for safe blood due to the high prevalence of transfusion transmissible illnesses such as HIV and hepatitis B around the world contribute to the growth of the blood bank market. However, increased blood waste and stringent rules and regulations are expected to stymie the expansion of the blood bank market. On the contrary, blood transfusion in emerging markets is likely to provide huge profit prospects for market participants. Some of the prominent players in the market are AMERICAN ASSOCIATION OF BLOOD BANKS, AMERICA'S BLOOD CENTERS, AUSTRALIAN RED CROSS SOCIETY, BLOOD BANK OF ALASKA and others.

Blood Bank Market, Forecast & Y-O-Y Growth Rate, 2020 - 2028
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This report is being written to illustrate the market opportunity by region and by segments, indicating opportunity areas for the vendors to tap upon. To estimate the opportunity, it was very important to understand the current market scenario and the way it will grow in future.

Production and consumption patterns are being carefully compared to forecast the market. Other factors considered to forecast the market are the growth of the adjacent market, revenue growth of the key market vendors, scenario-based analysis, and market segment growth.

The market size was determined by estimating the market through a top-down and bottom-up approach, which was further validated with industry interviews. Considering the nature of the market we derived the Health Care Supplies by segment aggregation, the contribution of the Health Care Supplies in Health Care Equipment & Services and vendor share.

To determine the growth of the market factors such as drivers, trends, restraints, and opportunities were identified, and the impact of these factors was analyzed to determine the market growth. To understand the market growth in detail, we have analyzed the year-on-year growth of the market. Also, historic growth rates were compared to determine growth patterns.

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FAQs

The market for Blood Bank was estimated to be valued at US$ XX Mn in 2021.

The Blood Bank Market is estimated to grow at a CAGR of XX% by 2028.

The Blood Bank Market is segmented on the basis of Product Type.

Based on region, the Blood Bank Market is segmented into North America, Europe, Asia Pacific, Middle East & Africa and Latin America.

The key players operating in the Blood Bank Market are The American Red Cross, Vitalant, New York Blood Centre, Australian Red Cross, Japan Red Cross Society, American Association of Blood Banks, America's Blood Centers, Canadian Blood Services, Sanquin Blood Supply Foundation, Blood Bank of Alaska.

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Blood Bank Market

Report ID: UCMIG35B2008

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