Blood Preparation Market Forecast 2025-2034: Growth Dynamics, Emerging Trends, and Strategic Opportunities
2025 Market Reports Update: Market Size Forecasts to 2034, Key Trends, Leading Players, and Top Regions – Get Ahead of the Competition Today!
Which Major Market Drivers Are Expected to Boost the Growth Potential of the Blood Preparation Market?
The blood preparation market’s growth is anticipated to be propelled by the rising incidences of blood donations globally. The activity of blood donation involves giving blood to potentially save the lives of others, making it crucial for life-saving and life-preserving blood transfusions. Blood is needed for an array of medical situations such as surgeries, cancer treatments, chronic diseases, and traumatic injuries. This need for blood facilitates the blood preparation process, ensuring the availability of blood when and where it is necessary. For example, data from Red Cross Blood, a biotechnology research firm based in the US, projected that around 6.8 million people would donate blood in 2023, leading to the collection of approximately 13.6 million units of whole blood and red blood cells each year. This suggests that the surge in blood donations is a key growth driver for the blood preparation market.
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How Will the Growth Rate of theBlood Preparation Market Impact Industry Trends by 2034?
The market size of blood preparation has been experiencing significant growth over recent years. The industry, which stood at $48.03 billion in 2024, is projected to expand to $51.28 billion in 2025, with a compound annual growth rate (CAGR) of 6.7%. The previously observed growth is attributable to factors such as an uptick in blood transfusion procedures, a rising occurrence of blood disorders, elevated consciousness regarding blood safety, worldwide blood donation initiatives, and the establishment of government regulations and standards.
We anticipate strong expansion in the blood preparation market in the upcoming years, with predictions suggesting a growth to “$66.59 billion by the year 2029, demonstrating a compound annual growth rate (CAGR) of 6.8%. Factors contributing to this projected growth during the forecast period include increasing demand for various blood components, the rise of personalized medicinal practices, emerging therapies and their applications, and advancements in the global healthcare infrastructure. Prevailing trends for the forecast period encompass the automation and integration of blood processing systems, increased demand for blood components with reduced pathogens, customization and personalization of blood components, a focus on platelet-rich plasma (PRP) and platelet-rich fibrin (PRF), alongside regulatory compliance and strict quality measures.
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What Are the Key Market Innovations in theBlood Preparation Market Over the Coming Years?
The blood preparation market is witnessing a surge in technological advances. To keep a competitive edge, the principal businesses within this sector are focusing on new technological innovation. For example, in June 2024, Innobiochips, a biotech firm from France, introduced Omnys, an enhanced blood grouping and testing solution, designed to boost the precision and efficacy of blood transfusion procedures. With its proprietary multiplex technologies, Omnys offers high-resolution examination of different blood components, like ABO/D typing, phenotyping, extended phenotyping, and antibody screening. The inclusion of testing devices, reagents, and consumables into a comprehensive system simplifies processes and facilitates precise blood testing with reduced sample volumes at healthcare centres and laboratories.
Who Are the Top Companies Driving Innovation and Growth in theBlood Preparation Market?
Major companies operating in the blood preparation market include AstraZeneca PLC, Sanofi, LEO Pharma A/S, Bristol-Myers Squibb Company, Baxter International Inc, Pfizer Inc, Portola Pharmaceuticals Inc, GlaxoSmithKline PLC, Bayer AG, Boehringer Ingelheim, Celgene Corp, Shandong East Chemical Industry Co., Xiamen Hisunny Chemical Co. LTD, Merck & Co., Amgen Inc., Takeda Pharmaceutical Company Limited, Novartis AG, Johnson & Johnson, Gilead Sciences Inc., Regeneron Pharmaceuticals Inc., AbbVie Inc., Roche Holding AG, CSL Behring, BioMarin Pharmaceutical Inc., Genentech Inc., Sandoz International GmbH, Medtronic plc, Fresenius Kabi AG, Grifols S.A., HemaCare Corporation, Terumo Corporation
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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
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Which Regions Are Emerging as Leaders in 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
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