Blood Preparation Market Trends 2025-2034: Insights into Growth and Strategic Opportunities Ahead
Updated 2025 Market Reports Released: Trends, Forecasts to 2034 – Early Purchase Your Competitive Edge Today!
How Will the Blood Preparation Market’s Growth Rate Evolve Over the Forecast Period to 2034?
The size of the blood preparation market has seen robust growth in the past few years. The market is projected to increase from $48.03 billion in 2024 to $51.28 billion in 2025, exhibiting a compound annual growth rate (CAGR) of 6.7%. The surge in market growth during the historical period can be associated with an increase in blood transfusion procedures, a rising occurrence of blood-related disorders, heightened awareness about the safety of blood, worldwide blood donation drives, along with government regulations and standards.
The market size for blood preparation is predicted to witness a robust growth in the forthcoming years, escalating to “$66.59 billion by 2029 with a 6.8% compound annual growth rate (CAGR). This growth over the predicted period could be attributed to the growing demand for personalized medicine strategies, blood components, emerging therapies and applications, and the development of global healthcare infrastructure. The forecast period is expected to see significant trends including the automation and integration of blood processing systems, increased demands for pathogen-reduced blood components, the concentration on platelet-rich plasma (PRP) and platelet-rich fibrin (PRF), personalisation and customisation in blood components, as well as regulatory compliance and strict quality standards.
What Market Dynamics Are Playing a Key Role in Accelerating the Growth of the blood preparation Market?
The growth of the blood preparation market is anticipated to be propelled by the rise in global blood donations. Blood donation, a procedure where individuals donate blood to help others, is instrumental in facilitating life-preserving and life-saving blood transfusions. The need for blood for patients undergoing operations, cancer therapies, chronic disease treatments, and recovering from severe injuries makes it an invaluable resource. Utilized in the blood preparation process, it ensures the continuous availability of blood whenever and wherever it’s needed. For example, Red Cross Blood, an American biotech research firm, reported that about 6.8 million people are expected to donate blood in 2023, resulting in an annual collection of approximately 13.6 million units of whole blood and red blood cells. Hence, the surge in blood donations is fueling the expansion of the blood preparation market.
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Who Are the Influential Players Reshaping the Blood Preparation Market Landscape?
Major companies operating in the blood preparation market include:
• AstraZeneca PLC_x000D_
• Sanofi_x000D_
• LEO Pharma A/S_x000D_
• Bristol-Myers Squibb Company_x000D_
• Baxter International Inc_x000D_
What New and Evolving Trends Are Having a Lasting Impact on the Blood Preparation Market?
An emerging trend gaining traction in the blood preparation market is the advancement of technology. Prominent companies in this field are concentrating on inventing new technical solutions to maintain their market standing. For example, a biotechnology company from France, Innobiochips, launched ‘Omnys’ in June 2024. This new technology is an improved blood grouping and testing solution meant to greatly enhance the efficiency and accuracy of blood transfusion procedures. It utilizes patented multiplex technologies, which allow high-definition testing of blood components, such as ABO/D typing, phenotyping, extended phenotyping, and antibody screening. Completing the system are the testing devices, reagents, and consumables which optimally streamline workflows. This permits healthcare facilities and labs to conduct precise blood analyses with only a small amount of sample volumes.
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Which Key Market Segments Comprise the Blood Preparation Market and Drive Its Revenue Growth?
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
Subsegments:
1) By Whole Blood: Fresh Whole Blood, Stored Whole Blood
2) By Blood Components: Red Blood Cells (RBC), Platelets, Plasma, White Blood Cells (WBC)
3) By Blood Derivatives: Immunoglobulins, Coagulation Factors, Albumin, Fibrinogen
Which Geographic Locations Are Critical to the Growth of the Blood Preparation Market?
North America was the largest region in the blood preparation market in 2024. 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
How Do Experts Define the Scope of the Blood Preparation Market?
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.
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