Blood Processing Devices And Consumables Market Analysis: Key Insights on Growth Rates, Trends, and Major Opportunities
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What CAGR Will the Blood Processing Devices And Consumables Market Achieve During 2025–2034, and What Does It Indicate?
The market size of blood processing devices and consumables has experienced significant expansion in the past few years. It’s expected to increase from $47.8 billion in 2024 to $51.62 billion in 2025, recording a compound annual growth rate (CAGR) of 8.0%. The expansion in the historical period resulted from factors such as increasing blood donation rates, progression in transfusion medicine, rising incidence of blood disorders, worldwide initiatives towards safe blood transfusion, and an upsurge in surgical procedures.
The market size for blood processing devices and consumables is anticipated to experience robust growth in the forthcoming years, potentially reaching “$75.15 billion in 2029 with a compound annual growth rate (CAGR) of 9.8%. The expansion projected during this period can be credited to the growing demand in emerging markets, a surge in the elderly population, the adoption of point-of-care blood processing, a heightened focus on autologous blood transfusions, the need for apheresis procedures, and partnerships for research and development. Notable trends during this forecast timeline comprise of data management through technological integration, enhancements in blood processing technology, the incorporation of automation and robotics, progress in apheresis technology, and the emergence of point-of-care blood processing.
Which Drivers Are Expected to Have the Greatest Impact on the blood processing devices and consumables Market’s Growth?
The blood processing devices and consumables market is forecasted to grow due to the increasing prevalence of infectious diseases. Infectious ailments, caused by bacteria, fungi, parasites, or viruses, can transmit from one person to another or between animals and humans. The escalation in infectious disease cases stems from various factors such as urbanization, climate change, globalization, extensive travel, and resistance to antibiotics. These factors aid in the distribution of pathogens which increases the susceptibility of populations to infections. Blood processing devices and consumables serve a critical purpose in managing the surge in infectious disease cases by ensuring the safe execution of blood transfusions and effective diagnostic procedures. These devices assist in testing blood for infectious elements, thereby reducing the likelihood of transmission during medical practices and enhancing the safety of patients. For instance, the Centers for Disease Control and Prevention, a US government agency, recorded an increase in tuberculosis cases from 8,320 in 2022 to 9,615 in 2023, indicating a rise of 1,295 cases. Hence, the increasing prevalence of infectious diseases is predicted to propel the growth of the blood processing devices and consumables market.
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Who Are the Key Firms Paving the Way for Growth in the Blood Processing Devices And Consumables Market?
Major companies operating in the blood processing devices and consumables market include:
• Thermogenesis Holdings Inc._x000D_
• Maco Pharma International GmbH_x000D_
• Immucor Inc._x000D_
• Bio-Rad Laboratories Inc._x000D_
• Grifols S.A._x000D_
What Are the Most Influential Trends Currently Shaping the Blood Processing Devices And Consumables Market?
Leading businesses in the sector of blood processing devices and consumables are concentrating on enhancing efficiency through technological advancements, such as blood collection devices. A blood collection device, a medical tool built to extract blood samples for diagnostic tests, transfusions, or research, is a typical product. In an example from May 2024, Becton, Dickinson, and Company, a US-based medical tech firm, rolled out UltraTouch. This product is intended to simplify the blood sampling process while reducing patient discomfort. It incorporates advanced tech for speedy and efficient venipuncture, offering great precision in sample collection. With a user-friendly interface and ergonomic design, it’s ideal for various health care settings, including hospitals, clinics, and labs. The device is particularly beneficial for patients with blood draw anxiety since its innovative structure helps lessen pain and enhance the overall experience. Moreover, it has integrated safety features to decrease chances of needle-stick injuries, making it a preferred choice in modern medical settings.
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Which Industry Segments Are Leading the Development and Expansion of the Blood Processing Devices And Consumables Market?
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
Which Regions Are Essential for the Growth of 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
What Key Elements Shape the Definition of the Blood Processing Devices And Consumables Market?
Blood processing devices and consumables are equipment and supplies used to collect, separate, process, and store blood components. These devices and consumables are critical for various medical procedures, including blood transfusions, therapeutic apheresis, and other clinical procedures requiring blood products.
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