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How Will the CAGR of the Blood Transfusion Devices Market Influence Its Overall Growth by 2034?

The market of blood transfusion devices has seen robust growth in recent years. The size of this market is set to climb from $5.09 billion in 2024 to $5.45 billion in 2025, advancing at a Compound Annual Growth Rate (CAGR) of 7.1%. The escalation during the historic period comes as a consequence of a more frequent occurrence of chronic illnesses that require blood transfusions, a global increase in surgical procedures that necessitate transfusions, growing consciousness about the life-saving role of blood donation, higher demand for superior blood transfusion devices in emergency treatment, and a rise in the adoption of automated blood collection systems.

A significant surge is expected in the size of the blood transfusion devices market over the next several years, with its worth expected to rise to $7.09 billion by 2029. This reflects a compound annual growth rate (CAGR) of 6.8%. The driving factors behind this predicted growth within the forecast period include the increased demand fueled by an aging population, an amplified focus on enhancing blood safety via cutting-edge screening technologies, escalated investments in development of the next-gen transfusion devices, rising healthcare expenditure in emergent markets, and evolving government initiatives that encourage blood donations and safer transfusion practices. Other contributory trends within this period encompass technological progression in blood transfusion devices for improved efficacy and safety, the growing integration of AI and IoT for better monitoring and control of transfusion devices, the increased adoption of portable blood transfusion devices for remote and emergency usage, a leaning towards minimally invasive transfusion procedures, and the expansion of blood transfusion services in areas with limited resources, all boosting market growth.

What Industry-Specific Factors Are Fueling the Growth of the Blood Transfusion Devices Market?

The proliferation of accidents and trauma events is anticipated to impel the expansion of the blood transfusion devices market. The multiplication of such cases is paralleling the growth of urbanization, amplified vehicular utilization, and perilous road circumstances. In dire situations like accidents and trauma, blood transfusion devices become a necessity for the quick application of critical blood substances to support patient stabilization and control extreme bleeding. For example, data from the National Safety Council (NSC) Injury Facts, an American safety institution, indicated that in July 2024, motor-vehicle related deaths in the US escalated to 20,900 during the first half of the year, showing no significant descent from the 20,930 reported in the same interval in 2023, even with a 0.8% uptick in distance travelled from 2023 and a 3.1% surge from 2022. Consequent to this, the upswing in accidents and trauma instances dictates the progression of the blood transfusion devices market.

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Who Are the Leading Companies Pioneering Change in the Blood Transfusion Devices Market?

Major companies operating in the blood transfusion devices market are Fresenius Kabi AG, Becton Dickinson and Company, Baxter International Inc., Medline Industries LP, Grifols SA, Terumo Corporation, Bio-Rad Laboratories Inc, LivaNova PLC, Haemonetics Corporation, Sarstedt AG & Co KG, STRATEC Biomedical AG, Cerus Corporation, Charter Medical Ltd, Kawasumi Laboratories Inc., Macopharma SA, GenesisBPS Inc., Mediware Information Systems Inc., EryPharm, Glycorex Transplantation AB, Werfen S.A.

What Are the Most Significant Trends Transforming the Blood Transfusion Devices Market Today?

Many top-tier companies that function in the blood transfusion devices industry are moving towards the creation of superior blood categorization and examination solutions as a means of gaining a strategic upper hand. These solutions include biomedical devices and reagents for identifying an individual’s blood group and ensuring appropriate pairings for transfusions. For example, Innobiochips, a biopharmaceutical company based in France, introduced a novel blood transfusion device called Omnys in June 2024. Tailored specifically for transfusion purposes, Omnys boosts laboratory efficiency and precision via multiplex analysis, facilitating high-definition examination of blood elements, including regular ABO/D typing and extended phenotyping. This device incorporates multiple technologies to refine the blood examination process, considerably decreasing the quantity of necessary test wells and reducing waste.

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Which Key Segments Stand Out in Understanding the Composition of the Blood Transfusion Devices Market?

The blood transfusion devicesmarket covered in this report is segmented –

1) By Product Type: Pathogen Reduction System, Apheresis Devices, Blood Component Separator, Blood Bag And Accessory, Venous Access Devices, Other Product Types

2) By Application: Cardiovascular Surgeries, Orthopedic Surgeries, Neurological Surgeries, Obstetrics And Gynecological Surgeries, Other Applications

3) By End User: Hospital, Ambulatory Surgical Centers, Blood Bank, Other End Users

Subsegments:

1) By Pathogen Reduction System: Plasma Pathogen Reduction Devices, Platelet Pathogen Reduction Devices

2) By Apheresis Devices: Plasma Apheresis Devices, Platelet Apheresis Devices, Red Blood Cell Apheresis Devices

3) By Blood Component Separator: Automated Blood Component Separators, Manual Blood Component Separators

4) By Blood Bag and Accessory: Single Blood Bags, Double Blood Bags, Triple Blood Bags, Quadruple Blood Bags, Blood Bag Tubing and Clamps

5) By Venous Access Devices: Peripheral Venous Catheters, Central Venous Catheters, Peripherally Inserted Central Catheters (PICCs), Implantable Ports

6) By Other Product Types: Blood Warmers, Blood Mixers, Blood Transfusion Sets and Filters, Blood Storage And Refrigeration Systems

Which Regions Are Leading the Charge in Blood Transfusion Devices Market Development?

North America was the largest region in the blood transfusion devices market in 2024. The regions covered in the blood transfusion devices market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.

How Is the Scope and Reach of the Blood Transfusion Devices Market Defined?

Blood transfusion devices are medical instruments and equipment used to facilitate the safe and efficient transfer of blood or blood components (such as red blood cells, plasma, or platelets) from a donor to a recipient. These devices are crucial in various medical settings, including surgeries, trauma care, and the treatment of certain medical conditions like anemia or clotting disorders.

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