The Business Research Company’s global market reports are now updated with the latest market sizing information for the year 2023 and forecasted to 2032

The Business Research Company’s blood and blood components market report forecasts the blood and blood components market size to grow to $47.53 Billion by 2027, with a CAGR (compound annual growth rate) of almost 5%.

Learn More On The Blood And Blood Components Market Report 2023 – https://www.thebusinessresearchcompany.com/report/blood-and-blood-components-global-market-report

Blood And Blood Components Market Size Forecast
The global blood and blood components market is expected to grow from $37.49 billion in 2022 to $39.21 billion in 2023 at a compound annual growth rate (CAGR) of 4.6%. The Russia-Ukraine war disrupted the chances of global economic recovery from the COVID-19 pandemic, at least in the short term. The war between these two countries has led to economic sanctions on multiple countries, a surge in commodity prices, and supply chain disruptions, causing inflation across goods and services and affecting many markets across the globe. The global blood and blood components market size is expected to grow to $47.53 billion in 2027 at a CAGR of 4.9%.

North America held the largest blood and blood components market share.

Key Blood And Blood Components Market Driver ­– Increase In The Incidence Of Trauma And Road Accidents
According to a report by Centres for Disease Control and Prevention, Hemophilia A affects one out of every 5,000 male babies born. Every year, about 400 newborns are born with haemophilia. Also, according to the Arizona Department of Health Services, in 2021, trauma related deaths increased by 19% as compared to 2020. Falls accounted for most deaths and injuries.

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Key Blood And Blood Components Market Trend – Growing Number Of Collaborations
The most prominent trend that has been witnessed in the blood and blood components market is the growing number of collaborations between the players involved in the market. Companies are adopting partnerships and collaborations in order to expand their reach, increase customer base and generate awareness in the market. For example, the American Red Cross collaborated with HealthStream with an aim of introducing new program for healthcare organizations. Similarly, the BloodCenter of Wisconsin collaborated with SysLogic Inc., to study how the RFID technology can be used to enhance safety of the patient while collecting and transfusing blood products.

Blood And Blood Components Market Segment
1) By Product: Whole Blood, Blood Components
2) By End-Users: Hospitals, Ambulatory Surgical Centers, Other End-Users
3) By Application: Anemia, Trauma & Surgery, Cancer Treatment, Bleeding Disorders
4) By Blood Components: Red Blood Cells, Platelets, Plasma, White Blood Cells

Blood And Blood Components Market Major Players and Strategies
Major players in the blood and blood components market are the American Red Cross, Australian Red Cross Blood Service, Abbott Laboratories, Blood Centres of America, Becton, Dickinson & Co., German Red Cross, Nipro Medical Corporation, American Association of Blood Banks, AVIS National, and National Blood Authority Australia.

In October 2022, Pfizer, a US-based pharmaceutical company, acquired Global Blood Therapeutics for an undisclosed amount. The acquisition will strengthen Pfizer’s capabilities in treating sickle cell disease while preserving the company’s 30-year legacy.Global Blood Therapeutics is a US-based developer of treatments related to blood diseases, especially sickle cell disease.

The Blood And Blood Components Global Market Report 2023 covers regional data on blood and blood components market size, blood and blood components market trends and drivers, opportunities, strategies, and blood and blood components market competitor analysis. The countries covered in the blood and blood components market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, the UK, and the USA, and the major seven regions are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, the Middle East, and Africa.

Blood is defined as entire human blood that has been obtained from a donor and processed for transfusion or further production. Blood component refers to a therapeutic component of human blood, including its red, white, platelet, and plasma cells.

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