Discover trends, market shifts, and competitive outlooks for the blood transfusion devices industry through 2025-2034 with The Business Research Company’s reliable data and in-depth research

How Has The Blood Transfusion Devices Market Size Shifted, And What Is the Outlook Through 2034?

In recent years, the market size for blood transfusion devices has seen substantial growth. The market is projected to expand from $5.09 billion in 2024 to $5.45 billion in 2025, recording a compound annual growth rate (CAGR) of 7.1%. This robust growth in the historic period can be traced back to several factors. A higher incidence of chronic illnesses necessitating blood transfusions, an increase in surgical procedures worldwide that require blood transfusions, greater public awareness about the life-saving potential of blood donation, escalating demand for technologically advanced blood transfusion devices in emergency care, and a rise in the adoption of automated systems for blood collection all explain this market surge.

The market size of blood transfusion devices is anticipated to experience robust growth in the near future. It’s projected to reach $7.09 billion by 2029, with a compound annual growth rate (CAGR) of 6.8%. Factors contributing to this growth over the predicted period include an upsurge in demand for blood transfusion devices due to an aging population, increased emphasis on enhancing blood safety with cutting-edge screening technologies, escalating investment in the creation of the next-gen transfusion devices, improvements in healthcare spending in emerging economies fueling device adoption, and expanded government schemes promoting blood donation and safe transfusion procedures. Key trends projected for the forecast period encompass technological breakthroughs in blood transfusion devices improving productivity and safety, an increasing merger of AI and IoT in transfusion devices for superior monitoring and regulation, heightened uptake of portable blood transfusion devices for distant and emergency applications, a growing predilection for minimally invasive transfusion methods and the expansion of blood transfusion services in regions with limited resources, driving market growth.

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Which Primay Drivers Are Accelerating Growth in the Blood Transfusion Devices Market?

The escalating number of accidents and trauma incidents is predicted to fuel the expansion of the blood transfusion devices market. The rise in such incidents is the result of growing urbanization, more frequent use of vehicles, and perilous road conditions. Blood transfusion equipment is indispensable during accidents and trauma situations to quickly deliver life-saving blood treatments to steady patients and control severe blood loss. For example, the National Safety Council (NSC) Injury Facts, a safety organization based in the US, reported in July 2024 that motor-vehicle deaths in the US touched 20,900 in the first six months of 2024. This is almost on par with the 20,930 deaths in the corresponding period of 2023, despite a modest 0.8% surge in mileage from 2023 and a 3.1% rise from 2022. Consequently, this surge in accidents and trauma cases is propelling the growth of the blood transfusion devices market.

Which Primary Segments of the Blood Transfusion Devices Market Are Driving Growth and Industry Transformations?

The blood transfusion devicesmarket covered in this report is segmented –

1) By Product Type: Pathogen Reduction System, Apheresis Devices, Blood Component Separator, Blood Bag And Accessory, Venous Access Devices, Other Product Types

2) By Application: Cardiovascular Surgeries, Orthopedic Surgeries, Neurological Surgeries, Obstetrics And Gynecological Surgeries, Other Applications

3) By End User: Hospital, Ambulatory Surgical Centers, Blood Bank, Other End Users

Subsegments:

1) By Pathogen Reduction System: Plasma Pathogen Reduction Devices, Platelet Pathogen Reduction Devices

2) By Apheresis Devices: Plasma Apheresis Devices, Platelet Apheresis Devices, Red Blood Cell Apheresis Devices

3) By Blood Component Separator: Automated Blood Component Separators, Manual Blood Component Separators

4) By Blood Bag and Accessory: Single Blood Bags, Double Blood Bags, Triple Blood Bags, Quadruple Blood Bags, Blood Bag Tubing and Clamps

5) By Venous Access Devices: Peripheral Venous Catheters, Central Venous Catheters, Peripherally Inserted Central Catheters (PICCs), Implantable Ports

6) By Other Product Types: Blood Warmers, Blood Mixers, Blood Transfusion Sets and Filters, Blood Storage And Refrigeration Systems

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Which Regions Are Key Players in the Growth of the Blood Transfusion Devices Market?

North America was the largest region in the blood transfusion devices market in 2024. The regions covered in the blood transfusion devices market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.

Which Technological Trends Are Reshaping the Blood Transfusion Devices Industry Dynamics?

Key industry players in the blood transfusion devices market are strategically working towards creating enhanced blood grouping and testing tools for an edge in the sector. These medical solutions are utilized to identify individual blood types and verify compatibility necessary for transfusions. An example would be Innobiochips, a biopharmaceutical firm based in France, which in June 2024 debuted Omnys, a novel device for blood transfusion. The unique design of Omnys caters to transfusion processes, improving laboratory efficiency and precision via multiplex analysis. It facilitates detailed examination of blood components, including standard ABO/D typing and extended phenotyping. The device amalgamates diverse technologies to simplify the blood testing workflow, significantly decreasing the requirement for testing wells and thus reducing waste.

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What Parameters Are Used to Define the Blood Transfusion Devices Market?

Blood transfusion devices are medical instruments and equipment used to facilitate the safe and efficient transfer of blood or blood components (such as red blood cells, plasma, or platelets) from a donor to a recipient. These devices are crucial in various medical settings, including surgeries, trauma care, and the treatment of certain medical conditions like anemia or clotting disorders.

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