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 preparation market report forecasts the blood preparation market size to grow to $57.11 Billion by 2027, with a CAGR (compound annual growth rate) of more than 6%.

Learn More On The Blood Preparation Market Report 2023 – https://www.thebusinessresearchcompany.com/report/blood-preparation-global-market-report

Blood Preparation Market Size Forecast
The global blood preparation market is expected to grow from $41.34 billion in 2022 to $44.46 billion in 2023 at a compound annual growth rate (CAGR) of 7.5%. 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 preparation market size is expected to reach $57.11 billion in 2027 at a CAGR of 6.5%.

North America held the largest blood preparation market share, and Asia-Pacific was the fastest-growing region in 2022.

Key Blood Preparation Market Driver ­– Increase In Number Of Blood Donations Worldwide
According to National Blood Service Ghana, a Ghana-based blood donation service organisation, a total of 173,938 units of blood were taken in 2021, a rise from 156,453 in 2020. Furthermore, the volume of blood collected increased by 86% in May 2022, according to the World Bank, a US-based international financial institution, from 100,018 units in June 2020 to 186,239 units in June 2021, supplying over 214,187 people. As a result, increased blood donation is propelling the blood preparation industry forward.

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Key Blood Preparation Market Trend – Technological Advancement
To maintain their market position, major players in the blood preparation industry are focusing on developing innovative technological solutions. For example, in April 2021, EryPharm, a biopharmaceutical firm based in France, revealed the large-scale production of red blood cells (RBCs) using hematopoietic stem cells (HSC). The company has achieved a groundbreaking scientific discovery by mass-producing cultured red blood cells to give new blood transfusion sources with this launch. This medical technology will improve the quality of life of multi-transfused patients, particularly those with congenital or acquired disorders of the red blood cells. This is a key technological advancement for mass-producing cultured red blood cells as an alternative supply of blood transfusions to supplement traditional blood donation.

Blood Preparation Market Segment
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

Blood Preparation Market Major Players and Strategies
Major players in the blood preparation market are GlaxoSmithKline PLC, Pfizer Inc., Leo Pharma A/S, Boehringer Ingelheim International GmbH, Sanofi S.A., AstraZeneca PLC, Daiichi Sankyo Company Limited, Baxter International Inc., Johnson And Johnson Services Inc., Xiamen Hisunny Chemical Co. Ltd., Aralez Pharmaceuticals Canada Inc., Ionis Pharmaceuticals Inc., Bayer AG, Portola Pharmaceuticals Inc., and Celgene Corporation.

Trajan Scientific and Medical (Trajan), an Australia-based company that provides analytical and life science instruments, purchased MyHealthTest for an unknown sum in April 2021. The acquisition expands Trajan’s ability to provide societal analytical measurement services. MyHealthTest is a blood testing service provider based in Australia.

The Blood Preparation Global Market Report 2023 covers regional data on blood preparation market size, blood preparation market trends and drivers, opportunities, strategies, and blood preparation market competitor analysis. The countries covered in the blood preparation 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.

The process of collecting, preparing, and storing blood and blood components for use in transfusions or other medical procedures is referred to as blood preparation. Donor screening, blood collection, testing, storage, and transfusion are all part of the blood preparation process.

View More Reports Related To The Blood Preparation Market –
Blood Transfusion Diagnostics Global Market Report 2023
Blood Glucose Meters Global Market Report 2023
Blood Cancer Drugs Global Market Report 2023

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