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Blood and Organ Bank Market Growth Drivers by 2028

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Michael Jaikishan
Blood and Organ Bank Market Growth Drivers by 2028

The increase in the number of research and development activities in biotechnology sector and technological advancement are the major factors driving the blood and organ bank market. The increasing rate of blood-borne diseases, hematological diseases including blood cancer, anemia, sickle cell anemia and thalassemia and transfusion transmissible infections are also act as a driving factor. The rise in number of accidental cases and geriatric population influence the blood and organ bank market. Furthermore, the increase in usage of blood transfusion and cell therapy in the emerging markets extend profitable opportunities to the market players in the forecast period of 2021 to 2028.


Blood and organ bank market is expected to gain market growth in the forecast period of 2021 to 2028. Data Bridge Market Research analyses that the market is growing with the CAGR of 6.10% in the forecast period of 2021 to 2028. The increasing prevalence of hematological diseases among population across the globe is escalating the growth of blood and organ bank market.


Blood bank refers to an institute where blood and its components such as blood cells, platelets and plasma are stored which are then utilized in the blood transfusion process. Blood transfusion is done in case of blood loss disorders including sickle cell anemia, anemia, blood cancer and thalassemia and accidental emergency. Similarly, organ bank is an institute where organs are stored which are then used for organ transplantation. Organ transplantation refers to a process of replacing diseased or failed organs with another through surgery.


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North America dominates the blood and organ bank market because of the high demand of organ transplants and well developed healthcare infrastructure in the region. Asia-Pacific is estimated to grow in the forecast period of 2021-2028 due to the government initiatives to support blood donation and increase in number of blood banking units in the developing nations.


The major players covered in the blood and organ bank market report are The American National Red Cross, Blood Systems, Inc., MTF Biologics., New York Blood Center, NEW ENGLAND ORGAN BANK, INC., The Living Bank, National Organ & Tissue Transplant Organisation, Global Cord Blood Corporation., CBR Systems, Inc., Vitalant., Terumo Corporation, NHS Blood and Transplant, National Blood Transfusion Council., Sanquin, America’s Blood Centers., Canadian Blood Services., Takeda Pharmaceutical Company Limited., Shanghai RAAS, Macopharma, Haemonetics Corporation, Abbott., Beckman Coulter, Inc. among other domestic and global players. Market share data is available for global, North America, Europe, Asia-Pacific (APAC), Middle East and Africa (MEA) and South America separately. DBMR analysts understand competitive strengths and provide competitive analysis for each competitor separately.


Related Reports:


Global Cord Blood and Cell Banking Market https://www.databridgemarketresearch.com/reports/global-cord-blood-and-cell-banking-market


Global Molecular Blood Typing, Grouping and Infectious Disease NAT Market https://www.databridgemarketresearch.com/reports/global-molecular-blood-typing-grouping-and-infectious-disease-nat-market


About Data Bridge Market Research, Private Ltd


Data Bridge Market Research Pvt Ltd is a multinational management consulting firm with offices in India and Canada. As an innovative and neoteric market analysis and advisory company with unmatched durability level and advanced approaches. We are committed to uncover the best consumer prospects and to foster useful knowledge for your company to succeed in the market.


Data Bridge Market Research is a result of sheer wisdom and practice that was conceived and built-in Pune in the year 2015. The company came into existence from the healthcare department with far fewer employees intending to cover the whole market while providing the best class analysis. Later, the company widened its departments, as well as expands their reach by opening a new office in Gurugram location in the year 2018, where a team of highly qualified personnel joins hands for the growth of the company. “Even in the tough times of COVID-19 where the Virus slowed down everything around the world, the dedicated Team of Data Bridge Market Research worked round the clock to provide quality and support to our client base, which also tells about the excellence in our sleeve.”


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