Strategic Growth Drivers Shaping the Blood Bank Information Systems Market Outlook 2025- 2034:Blood Cancer Propel Growth Of The Blood Bank Information Systems Market
Discover trends, market shifts, and competitive outlooks for the blood bank information systems industry through 2025-2034 with The Business Research Company’s reliable data and in-depth research
How Has the Blood Bank Information Systems Market Growth Performance Trended Historically, And What Lies Ahead?
The market size for blood bank information systems has seen robust growth in the recent past. Predictions suggest an increase from $0.78 billion in 2024 to $0.85 billion in 2025, indicating a compound annual growth rate (CAGR) of 8.6%. Factors such as increased demand for blood transfusions, higher occurrence of chronic diseases, compliance requirements, necessity for effective blood management and an increase in surgical procedures have all contributed to growth in this period.
The market size for blood bank information systems is expected to witness substantial expansion in the forthcoming years, reaching a valuation of $1.17 billion by 2029, with an 8.4% Compound Annual Growth Rate (CAGR). The projected growth for the duration takes into account factors such as electronic health records integration, heightened focus on patient safety, a surge in blood donation drives, market expansion in emerging regions, and advanced data analytics abilities. Key trends to look out for during the forecast timeframe include integration with electronic health records, stronger automation process in blood collection, widespread use of blockchain technology, increasing focus on data security and confidentiality, as well as enhanced user interfaces.
Download a free sample to assess the report’s scope and structure:
https://www.thebusinessresearchcompany.com/sample.aspx?id=19340&type=smp
Which Factors and External Forces Are Driving Demand in the Blood Bank Information Systems Market?
The escalating occurrence of blood cancer is anticipated to stimulate the expansion of the blood bank information systems market. Blood cancer, also known as hematologic cancer, is a cancer type that impacts the blood, bone marrow, and lymphatic system. The rise in blood cancer can be attributed to numerous factors such as environmental, genetic, lifestyle factors, and infections. A blood bank information system supports blood cancer sufferers by effectively overseeing and monitoring blood donations and transfusions, assuring prompt availability of compatible blood substances. For example, the Leukemia Foundation, an Australian national charity, revealed in May 2024 that approximately 19,403 Australians were predicted to receive a new diagnosis of blood cancers like leukemia, lymphoma, and myeloma, indicating 53 individuals daily or one person every 27 minutes. Currently, an estimated 135,000 individuals are grappling with a blood cancer or blood disorder in Australia, and this figure is anticipated to surge to over 275,000 by 2035. Consequently, the escalating occurrence of blood cancer is propelling the expansion of the blood bank information systems market.
Which Segments in the Blood Bank Information Systems Offer the Most Growth?
The blood bank information systemsmarket covered in this report is segmented –
1) By Type: Blood Donor Management Module, Blood Bank Transfusion Service Module, Other Types
2) By Application Type: Web-Based, Mobile Based
3) By End User: Hospital, Blood Banks
Subsegments:
1) By Blood Donor Management Module: Donor Registration and Screening, Donor Health History Management, Blood Donation Scheduling and Tracking, Donor Testing and Blood Typing, Donor Retention and Engagement, Donor Communication and Alerts
2) By Blood Bank Transfusion Service Module: Blood Collection and Processing, Blood Inventory Management, Crossmatching and Compatibility Testing, Blood Transfusion Monitoring and Tracking, Transfusion Reporting and Documentation, Patient Blood Management
3) By Other Types: Laboratory Information Management Systems (LIMS), Blood Bank Workflow Automation Tools, Regulatory Compliance and Reporting Tools, Clinical Decision Support Systems (CDSS) for Blood Transfusion, Data Analytics and Reporting Tools.
Request customized data on this market:
https://www.thebusinessresearchcompany.com/customise?id=19340&type=smp
What Are the Fastest-Growing Geographies in the Blood Bank Information Systems Market?
North America was the largest region in the blood bank information systems market in 2024. The regions covered in the blood bank information systems market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.
Which Cutting-Edge Market Trends Are Expected to Drive the Blood Bank Information Systems Market’s Growth?
Leading businesses in the blood bank information systems market are concentrating on the creation of groundbreaking solutions like enterprise resource planning (ERP) software to cater to the specific requirements of blood banks and modern therapy providers. The ERP software amalgamates the fundamental business processes into an integrated system to expedite operations and improve data management. For example, Blood Bank Computer Systems Inc., a US-based firm proficient in developing software solutions for blood banks and transfusion services, introduced the ForLife Biologics Platform in June 2023. This cutting-edge ERP software is tailor-made for the blood and biotherapies industry. The platform is designed to simplify operations concerning the collection, production, and distribution of blood products and contemporary therapies, addressing the individual needs of organizations in this sector. The ForLife Biologics Platform merges flawlessly with the Blood Bank Control System 6.0, approved by relevant regulatory authorities, ensuring compliance with the vital standards for blood bank functions.
View the full report here:
What Are the Key Elements That Define the Blood Bank Information Systems Market?
A blood bank information system (BBIS) refers to a specialized software system designed to manage and automate the operations of a blood bank. This system helps in the collection, processing, testing, storage, and distribution of blood and blood products. It ensures that all activities related to blood donation, blood product inventory, donor management, compatibility testing, and transfusion processes are efficiently tracked and documented.
Purchase the full report and get a swift delivery:
https://www.thebusinessresearchcompany.com/purchaseoptions.aspx?id=19340
About The Business Research Company:
With over 15000+ reports from 27 industries covering 60+ geographies, The Business Research Company has built a reputation for offering comprehensive, data-rich research and insights. Armed with 1,500,000 datasets, the optimistic contribution of in-depth secondary research, and unique insights from industry leaders, you can get the information you need to stay ahead in the game.
Get in touch with us:
The Business Research Company: https://www.thebusinessresearchcompany.com/
Americas +1 3156230293
Asia +44 2071930708
Europe +44 2071930708
Email us at info@tbrc.info
Follow us on:
LinkedIn: https://in.linkedin.com/company/the-business-research-company
YouTube: https://www.youtube.com/channel/UC24_fI0rV8cR5DxlCpgmyFQ
Global Market Model: https://www.thebusinessresearchcompany.com/global-market-model
