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How Has the Blood Processing Devices And Consumables Market Size Changed, over the years?

In recent years, the market size for blood processing devices and consumables has exhibited robust growth. The market is projected to expand from $47.8 billion in 2024 to $51.62 billion in 2025, demonstrating a compound annual growth rate (CAGR) of 8.0%. The significant growth observed in the historic period can be credited to the growing rates of blood donations, improvements in transfusion medicine, the mounting prevalence of blood disorders, international efforts to ensure safe blood transfusion, and an increase in surgical procedures.

How Much Will the Blood Processing Devices And Consumables Market Be Worth in 2029?

The market size for blood processing devices and consumables is predicted to experience robust growth in the coming years, expanding to “$75.15 billion in 2029 with a compound annual growth rate (CAGR) of 9.8%. The growth during the forecast period can be linked to increased demand in developing economies, an aging population, enhanced focus on self-blood transfusions, rising demand for apheresis procedures, and partnerships for R&D. Significant trends emerging during the forecast period encompass the integration of technology for data management, innovative developments in blood processing technology, the inclusion of automation and robotics, advancements in apheresis technology, and the emergence of point-of-care blood processing.

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Which is the Largest Company 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

What Are the Main Market Drivers in the Blood Processing Devices And Consumables Industry?

The escalating rate of contagious diseases is expected to propel the demand for blood processing devices and consumables market. These types of diseases, brought about by various pathogens such as bacteria, viruses, fungi, or parasites, can be transmitted from one person to another or even from animals to humans. Factors like urbanization, globalization, climate change, increased mobility, and antibiotic resistance are all contributing to the rise in the occurrence of contagious diseases. These factors have enhanced the spread of pathogens, increasing populations’ susceptibility to infections. The role of blood processing devices and consumables is vital in managing these increasing contagions, as they guarantee the safe practice of blood transfusions and efficient diagnostic procedures. They help in screening blood for infectious particles, thereby reducing the possibility of transmission during medical procedures and enhancing patient safety. For example, the Centers for Disease Control and Prevention, a government agency based in the United States, reported in March 2024 that cases of tuberculosis surged from 8,320 in 2022 to 9,615 in 2023, marking an increase of 1,295 cases. Consequently, the rising number of contagious diseases is predicted to propel the growth of the blood processing devices and consumables market.

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How Is the Blood Processing Devices And Consumables Market Segments Structured?

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

What Strategic Trends Are Transforming the Blood Processing Devices And Consumables Market?

Major players in the domain of blood processing tools and supply chains are making strides in technology to boost the efficacy of products such as the blood collection device. The primary purpose of this medical instrument is to obtain blood specimens for diagnostic procedures, blood transfusion, or scientific research. For example, Becton, Dickinson, and Company, a medical tech firm based in the U.S., unveiled UltraTouch in May 2024. This product is designed to streamline the blood collection process and diminish the discomfort experienced by the patient. By incorporating cutting-edge technology, it aids swift and reliable venipuncture, ensuring optimal accuracy in blood collection. With its intuitive interface and ergonomic design, UltraTouch caters to the needs of health professionals in a wide range of settings such as hospitals, clinics, and labs. Furthermore, it has a clear advantage for patients who feel uneasy during blood sampling; its ground-breaking design alleviates pain and enhances the overall experience. Safety features are also part of the design, reducing the chance of injuries caused by needles, giving it preference in modern medical settings.

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Which Global Regions Offer the Highest Growth 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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This Report Delivers Insight On:

1. How big is the blood processing devices and consumables market, and how is it changing globally?

2. Who are the major companies in the blood processing devices and consumables market, and how are they performing?

3. What are the key opportunities and risks in the blood processing devices and consumables market right now?

4. Which products or customer segments are growing the most in the blood processing devices and consumables market?

5. What factors are helping or slowing down the growth of the blood processing devices and consumables market?

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