The Blood And Blood Components by The Business Research Company provides market overview across 60+ geographies in the seven regions - Asia-Pacific, Western Europe, Eastern Europe, North America, South America, the Middle East, and Africa, encompassing 27 major global industries. The report presents a comprehensive analysis over a ten-year historic period (2010-2021) and extends its insights into a ten-year forecast period (2023-2033).
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According to The Business Research Company’s Blood And Blood Components, The blood and blood components market size has grown strongly in recent years. It will grow from $39.28 billion in 2023 to $41.29 billion in 2024 at a compound annual growth rate (CAGR) of 5.1%. The growth in the historic period can be attributed to increasing incidence of trauma and road accidents, increased aging population, increasing earnings and standard of living, increased healthcare expenditure and rising awareness about blood donation.
The blood and blood components market size is expected to see strong growth in the next few years. It will grow to $50.67 billion in 2028 at a compound annual growth rate (CAGR) of 5.2%. The growth in the forecast period can be attributed to an increase in chronic diseases, government initiatives and increasing demand for whole blood. Major trends in the forecast period include focusing on collaboration with other players, launching innovative products, focusing on research and development (r&d) activities, using iot-based products to avoid the contamination of blood and blood components and focusing on management of blood transfusion.
The blood and blood components market is being driven by increasing incidence of trauma and road accidents. Sometimes, because of traumas such as hemorrhage, the volume of blood is reduced to a very low level and cannot be replaced fast enough by the body. Also, road accidents cause excessive blood loss from the body that has to be restored immediately. All these conditions demand transfusion of blood and blood components into the patient's body. The growing prevalence of diseases and increasing numbers of road accidents and traumas are increasing the demand for blood and thus driving the market. According to the Arizona Department of Health Services, in 2021, trauma related deaths increased by 19% as compared to 2020. Falls accounted for most deaths and injuries.
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The blood and blood components market covered in this report is segmented –
1) By Product: Whole Blood, Blood Components
2) By Blood Components: Red Blood Cells, Platelets, Plasma, White Blood Cells
3) By End-User: Hospitals, Ambulatory Surgical Centers, Others
4) By Application: Anemia, Trauma and Surgery, Cancer Treatment, Bleeding Disorders
The most prominent trend that has been witnessed in the blood and blood components market is the growing number of collaborations between the players involved in the market. Companies are adopting partnerships and collaborations in order to expand their reach, increase customer base and generate awareness in the market. For example, the American Red Cross collaborated with HealthStream with an aim of introducing new program for healthcare organizations. Similarly, the BloodCenter of Wisconsin collaborated with SysLogic Inc., to study how the RFID technology can be used to enhance safety of the patient while collecting and transfusing blood products.
The blood and blood components market report table of contents includes:
- Executive Summary
- Blood And Blood Components Market Characteristics
- Blood And Blood Components Market Trends And Strategies
- Blood And Blood Components Market - Macro Economic Scenario
- Global Blood And Blood Components Market Size and Growth
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- Global Blood And Blood Components Market Competitive Benchmarking
- Global Blood And Blood Components Market Competitive Dashboard
- Key Mergers And Acquisitions In Blood And Blood Components Market
- Blood And Blood Components Market Future Outlook and Potential Analysis
- Appendix
Top Major Players :
- American Red Cros
- The Japanese Red Cross Society
- Canadian Blood Services
- Australian Red Cross
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A recent report published by TheBusinessResearchCompany on Blood And Blood Components Market provides in-depth analysis of segments and sub-segments in the global as well as regional.The Blood And Blood Components Global Market Report 2020 which provides strategists, marketers and senior management with the critical information they need to assess the global blood and blood components market.
The report covers the blood and blood components market’s segments- whole blood, blood components, hospitals, ambulatory surgical centers, anemia, trauma & surgery, cancer treatment, bleeding disorders, red blood cells, platelets, plasma, white blood cells, and others.Blood And Blood Components Global Market Report 2020 is the most comprehensive report available on this market and will help gain a truly global perspective as it covers 60 geographies.
The regional and country breakdowns section gives an analysis of the market in each geography and the size of the market by region and by country.
It also compares the market’s historic and forecast growth.It covers all the regions, key developed countries and major emerging markets.
It draws comparisons with country populations and economies to understand the importance of the market by country and how this is changing.
The major regions included in the report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, and Africa.The most prominent trend that has been witnessed in the blood and blood components market is the growing number of collaborations between the players involved in the market.
