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What Is the Forecast for the Blood Preparation Market from 2024 to 2025?

In recent years, the market size of blood preparation has shown robust growth. The value is projected to increase from $48.03 billion in 2024 to $51.28 billion in 2025, equating to a compound annual growth rate (CAGR) of 6.7%. Contributing factors to this growth during the past period include an increase in blood transfusion procedures, a rising prevalence of blood disorders, heightened awareness of blood safety, worldwide blood donation initiatives, and government regulatory standards.

What Is the Projected Market Size of the Blood Preparation Market?

The market size of blood preparation is anticipated to witness robust growth in the coming years, catapulting to $66.59 billion in 2029 with a Compound Annual Growth Rate (CAGR) of 6.8%. The forecasted growth can be ascribed to an escalating demand for blood elements, personalized medical treatments, freshly emerging therapies and applications, and the ongoing global expansion of healthcare infrastructure. Dominant trends for the predicted period encompass the automation and integration of blood processing systems, increasing demand for pathogen-decreased blood components, customizing and individualizing blood components, emphasis on platelet-rich plasma (PRP) and platelet-rich fibrin (PRF), and mandatory regulatory compliance coupled with rigid quality standards.

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Who are the Major Competitors in the Blood Preparation Market Outlook?

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

What Is Fueling Growth in the Blood Preparation Market?

The growth of the blood preparation market is anticipated to be fueled by the rising number of worldwide blood donations. Blood donation, which is the act of giving blood to aid others, makes blood transfusions a viable treatment for life preservation and sustenance. Blood is necessary for patients to withstand surgeries, cancer therapies, chronic diseases, and severe injuries. It ensures that blood is always accessible during the blood preparation process, wherever and whenever needed. As per the Red Cross Blood, a biotechnological research firm based in the US, 6.8 million people are projected to be blood donors by 2023, and nearly 13.6 million units of whole blood and red blood cells are expected to be gathered annually. Consequently, the upsurge in blood donations propels the expansion of the blood preparation market.

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Which Blood Preparation Market Segments Are Growing the Fastest?

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

Which Industry Trends Are Shaping the Future of the Blood Preparation Market?

In the blood preparation market, the burgeoning trend of technological advancements cannot be overlooked. Pivotal entities within the market are investing in the development of technologically innovative solutions to maintain their dominance. In June 2024, for example, the French biotech firm, Innobiochips, introduced Omnys, a progressive solution for blood grouping and testing. This leading-edge system was developed to enhance the accuracy and speed of blood transfusion procedures. By using proprietary multiplex technologies, Omnys can carry out high-definition testing of different blood components, like ABO/D typing, phenotyping, extended phenotyping, and antibody screening. This inclusive system combines testing devices, reagents, and consumables to optimize workflows, thus enabling healthcare units and labs to conduct precise blood analyses with small sample quantities.

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Which Countries Are Leading 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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This Report Delivers Insight On:

1. How big is the blood preparation market, and how is it changing globally?

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

3. What are the key opportunities and risks in the blood preparation market right now?

4. Which products or customer segments are growing the most in the blood preparation market?

5. What factors are helping or slowing down the growth of the blood preparation market?

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