Top Growth Trends in the Blood Processing Devices And Consumables Market: Key Insights and Opportunities for 2025-2034
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What fueled the previous growth in the blood processing devices and consumables market?
The market size of blood processing devices and consumables has shown substantial growth in the past few years. There will be a surge from $47.8 billion in 2024 to $51.62 billion in 2025, with a compound annual growth rate (CAGR) of 8.0%. Factors driving this significant growth during the historical period include an increased rate of blood donations, advancements made in transfusion medicine, a heightened prevalence of blood disorders, initiatives undertaken globally for safe blood transfusion, and an upsurge in surgical procedures.
What will be the blood processing devices and consumables market size in the future?
There is anticipated to be a significant surge in growth over the coming years for the market of blood processing devices and consumables, expanding to $75.15 billion by 2029 with a CAGR of 9.8%. The growth throughout this period is likely to be driven by factors such as heightened demand in developing economies, an increase in the elderly population, the rise of point-of-care blood processing, a growing emphasis on autologous blood transfusions, an increased need for apheresis procedures, and collaborative efforts in research and development. Key trends that are expected to shape this forecast period include data management technological integration, innovation in blood processing technology, incorporation of automation and robotics, advancements in apheresis technology, and the emergence of point-of-care blood processing.
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What main drivers are fueling expansion in the blood processing devices and consumables market?
The surge in infectious disease cases is projected to fuel growth in the market for blood processing devices and consumables. Illnesses brought about by pathogenic entities such as bacteria, viruses, fungi, or parasites – which can be transmitted from person to person or from animals to humans – are characterized as infectious diseases. Increasing urbanization, globalization, climate shifts, extensive travel, and resistance to antibiotics are all factors leading to the proliferation of infectious diseases. These conditions facilitate the spread of pathogens and heighten the vulnerability of populations to infections. Blood processing devices and consumables are paramount in responding to this escalation by assuring the safety of blood transfusions and effective diagnostic procedures. These instruments are essential for testing blood for infectious contagions, thus lowering the likelihood of transmission during medical procedures and enhancing patient safety. As an example, the Centers for Disease Control and Prevention, a government agency based in the US, recorded an increase in tuberculosis cases from 8,320 in 2022 to 9,615 in 2023, resulting in an additional 1,295 cases in March 2024. Therefore, the escalating cases of infectious diseases stand as a compelling factor in driving the market for blood processing devices and consumables forward.
What key areas define the segmentation of the global blood processing devices and consumables market?
The blood processing devices and consumables market covered in this report is segmented –
1) By Product Type: Devices, Consumables
2) By Devices: Blood Bank Freezers, Blood Grouping Analyzers, Blood Warmer, Blood Cell Processers, Other Devices
3) By Consumables: Blood Bags, Blood Lancets, Vials, Blood Administration Sets, Other Consumables
4) By End User: Hospitals, Diagnostic Centers, Clinics, Academic Institutes, Blood Banks
Subsegments:
1) By Devices: Blood Collection Devices, Blood Separation Devices, Blood Transfusion Devices, Blood Storage Devices, Automated Blood Processing Systems
2) By Consumables: Blood Collection Tubes, Blood Filters, Blood Bags, Reagents And Chemicals, Anticoagulants, Blood Processing Kits
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Who are the dominant players expanding their reach in the blood processing devices and consumables market?
Major companies operating in the blood processing devices and consumables market include Thermogenesis Holdings Inc., Maco Pharma International GmbH, Immucor Inc., Bio-Rad Laboratories Inc., Grifols S.A., Abbott Laboratories, Terumo BCT Inc., Beckman Coulter Inc., Becton Dickinson and Company, Biomerieux SA, Danaher Corporation, Global Scientific Company, Haemonetics Corporation, Sigma Laborzentrifugen GmbH, SARSTEDT AG & Co K, Roche Holdings AG, Beurer GmbH, Cardinal Health Inc., Fresenius Kabi AG, Lmb Technologie GmbH, Fenwal Inc., Kawasumi Laboratories Inc., F. Hoffmann-La Roche Ltd, Thermo Fisher Scientific Inc., Poly Medicure Ltd, Medtronic plc., Nipro Corporation, Sekisui Chemical Co Ltd, Greiner Bio-One International GmbH
How are evolving market trends shaping blood processing devices and consumables Strategies?
Leading businesses in the blood processing devices and consumables sector are prioritizing technological advancements in products such as blood collection devices to increase efficiency. A blood collection device is specially designed to collect blood samples for purposes like diagnoses, transfusions, or research. For example, in May 2024, Becton, Dickinson, and Company, a medical technology company based in the US, introduced UltraTouch which aims to simplify the blood sample collection process and reduce patient discomfort. The advanced technology used in UltraTouch facilitates swift and effective venipuncture, ensuring precise sample collection. The device, which features a user-friendly interface and ergonomic design, is ideally fit for use by healthcare professionals in various settings like hospitals, clinics, and laboratories. This device proves particularly beneficial for patients who feel anxious during blood draws, thanks to its innovative design which minimizes pain and enhances the overall experience. Additionally, safety features designed to decrease the risk of needle-stick injuries make UltraTouch a highly preferred choice in modern medical practices.
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Which regions are emerging as leaders in the blood processing devices and consumables market?
North America was the largest region in the blood processing devices and consumables market in 2024.Asia-Pacific is expected to be the fastest-growing region in the global blood processing devices and consumables market report during the forecast period. The regions covered in the blood processing devices and consumables market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa
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