Blood Platelets Market to Reach $8.72 Billion by 2029, Growing at a CAGR of 6.8%

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What Market Value Is The Blood Platelets Industry Expected To Reach By 2029, Starting From 2025 Levels?

The blood platelets market has experienced significant growth in recent years. It is forecast to expand from $6.27 billion in 2024 to $6.7 billion in 2025, at a compound annual growth rate (CAGR) of 6.9%. Historically, this growth can be ascribed to a growing number of surgeries, a rising incidence of traumatic injuries, the widespread occurrence of autoimmune diseases, an increasing incidence of chronic diseases, and the expanding prevalence of thrombocytopenia.

The blood platelets market size is anticipated to experience robust expansion over the next few years, reaching $8.72 billion by 2029 with a compound annual growth rate (CAGR) of 6.8%. This projected growth is largely due to an increasing incidence of trauma cases, a greater number of blood banks, a rising preference for allogeneic blood transfusion therapies, an expanding aging population, and an elevated requirement for platelets in wound healing. Significant developments during this period are expected to include automated platelet apheresis systems, advanced platelet storage technologies, platelet-rich plasma (PRP) therapies, a shift towards leukoreduced platelets, artificial platelet substitutes, gene editing for platelet disorders, and automated donor screening.

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Which Major Market Drivers Are Shaping The Future Of The Blood Platelets Market?

The rising incidence of blood disorders is projected to fuel the expansion of the blood platelets market in the coming period. Blood disorders encompass conditions that impact the blood’s function, production, or its components, such as red blood cells, white blood cells, platelets, or plasma, leading to issues like anemia, clotting abnormalities, or compromised immune systems. The growing prevalence of blood disorders is increasing due to an aging population, as aging contributes to a decline in bone marrow function, making older adults more vulnerable to conditions including anemia, thrombocytopenia, and clotting disorders. Blood platelets enhance the treatment of blood disorders by regulating coagulation, making them vital for averting excessive bleeding and aiding wound healing. For instance, in April 2024, data from the Perth Blood Institute, an Australia-based non-profit organization, revealed that the count of individuals identified with hemophilia (a rare genetic disorder where the blood does not clot properly due to a lack of clotting factor leading to prolonged bleeding) reached 257,146 in 2022, an increase from 233,577 in 2021. Thus, the increasing prevalence of blood disorders is propelling the growth of the blood platelets market.

What Are The Major Segment Categories Driving The Blood Platelets Market Growth?

The blood plateletsmarket covered in this report is segmented –

1) By Platelet Type: Whole Blood Derived Platelets; Apheresis Derived Platelets

2) By Application: Platelet Function Disorder; Hemophilia; Thrombocytopenia; Perioperative Indication

3) By End-Users: Hospitals; Ambulatory Surgical Centers; Blood Banks; Research Laboratories; Specialty Clinics, Cancer Treatment Center, Trauma Center, Other End Users

Subsegments:

1) By Whole Blood Derived Platelets: Leukocyte-Reduced Whole Blood Platelets; Non-Leukocyte-Reduced Whole Blood Platelets; Pathogen-Reduced Whole Blood Platelets

2) By Apheresis Derived Platelets: Single-Donor Apheresis Platelets; Leukocyte-Reduced Apheresis Platelets; Pathogen-Reduced Apheresis Platelets

What Trends Are Expected To Drive The Blood Platelets Market?

Leading companies within the blood platelet sector are prioritizing the creation of novel solutions, such as platelet pooling, to extend their shelf life, enhance availability, and support blood centers in fulfilling increasing transfusion demands. Platelet pooling involves the aggregation of platelets from multiple whole blood donations to form a single platelet unit for transfusion, thereby boosting availability, efficiency, and resource utilization in managing blood supplies. As an illustration, in February 2023, Terumo Blood and Cell Technologies, a US-based medical technology firm, launched the IMUGARD WB platelet pooling set after receiving U.S. Food and Drug Administration (FDA) clearance. This innovation extends the viable period of whole blood-derived platelets from five to seven days, significantly improving their availability for transfusions. Additionally, it provides an alternative source of platelet supply to address rising demand and donor shortages, aiding blood centers in optimizing inventory management and reducing waste.

Who Are The Top Performing Companies In The Blood Platelets Market In Recent Years?

Major companies operating in the blood platelets market are Pfizer? Inc., Johnson & Johnson?, Bayer AG?, Fresenius Kabi, Takeda Pharmaceutical Company Limited, Baxter International Inc., CSL Limited, Grifols S.A., Terumo Corporation, American Red Cross, BioMarin Pharmaceutical Inc., Miltenyi Biotec, Kedrion Biopharma? Inc., LFB Group, Bio Products Laboratory Limited, Sanquin?, Macopharma, Biotest AG, Cerus Corporation?, ADMA Biologics Inc., Octapharma AG, Kamada Ltd.?, HemaCare

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Which Global Regions Are Influencing The Competitive Landscape Of The Blood Platelets Market?

North America was the largest region in the blood platelets market in 2024. Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in the blood platelets market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.

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