2025 Market Reports Update: Market Size Forecasts to 2034, Key Trends, Leading Players, and Top Regions – Get Ahead of the Competition Today!
What Are the Primary Drivers Supporting the Market Growth of the Blood Processing Devices And Consumables Market?
The escalating prevalence of contagions is projected to stimulate the growth of the blood processing devices and consumables market. Contagions are diseases instigated by microorganisms – like bacteria, viruses, fungi, parasites – and can be transferred between individuals or from animals to humans. This escalating prevalence is due to a variety of aspects, such as urbanization, globalization, altering climates, increased mobility, and resistance to antibiotics, which enhance the propagation of these microorganisms and render the population susceptible to infections. Blood processing devices and consumables are instrumental in combating this escalating prevalence by safeguarding blood transfusions and proficient diagnostics. These indispensable tools assist in scrutinizing blood for infectious agents, reducing the likelihood of contagion during medical processes and bolstering patient safety. For example, the Centers for Disease Control and Prevention, a government agency based in the US, reported in March 2024 an increase in tuberculosis cases, from 8,320 in 2022 to 9,615 in 2023, denoting a rise of 1,295 cases. Henceforth, this escalating prevalence of contagions has the potential to propel the blood processing devices and consumables market.
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#How Does the ProjectedBlood Processing Devices And Consumables Market Growth Compare Over the Forecast Period?
The market for blood processing devices and consumables has seen a robust growth in the past few years. The market, expected to increase from $47.8 billion in 2024 to $51.62 billion in 2025, will witness a compound annual growth rate (CAGR) of 8.0%. The growth during the historical period is linked with factors like higher blood donation rates, breakthroughs in transfusion medicine, an increasing incidence of blood disorders, worldwide efforts to ensure safe blood transfusions, and a surge in surgical procedures.
Expect strong expansion in the market size of blood processing devices and consumables over the coming years, with a forecasted growth to “$75.15 billion by 2029 at a CAGR of 9.8%. The anticipated growth during the projected period can be ascribed to factors such as soaring demand in burgeoning economies, escalating geriatric populace, advancements in point-of-care blood processing, the rising emphasis on autologous blood transfusions and an increasing requirement for apheresis procedures, coupled with collaborative efforts in research and development. Emerging trends within this forecasted period incorporate the integration of technological advancements for data management, innovative progressions in blood processing, the integration of automation and robotics, advancements in apheresis technology, and the ascension in point-of-care blood processing.
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What Are the Latest Innovations Influencing the Blood Processing Devices And Consumables Market?
Leading firms in the realm of blood processing devices and consumables are making technological leaps in products like blood collection devices to boost their efficacy. Blood collection devices are specialized medical tools used for acquiring blood samples for diagnostics, transfusions, or research. For example, in May 2024, medical technology corporation Becton, Dickinson, and Company, based in the US, unveiled UltraTouch. This device is specifically designed to simplify the process of drawing blood samples while reducing discomfort for the patient. It incorporates cutting-edge technology to facilitate rapid and effective venipuncture, ensuring precise sample collection. With an accessible interface and ergonomic design, it is suitable for many healthcare settings, including hospitals, clinics, and laboratories. This device is particularly beneficial for patients with anxiety about blood draw procedures, as its modern design helps to lessen pain and enhance the overall experience. Additionally, it features safety precautions to decrease the chance of needlestick injuries, making it a prized choice in modern medical settings.
Who Are the Major Industry Players Accelerating Growth in theBlood Processing Devices And Consumables Market?
Major companies operating in the blood processing devices and consumables market include Thermogenesis Holdings Inc., Maco Pharma International GmbH, Immucor Inc., Bio-Rad Laboratories Inc., Grifols S.A., Abbott Laboratories, Terumo BCT Inc., Beckman Coulter Inc., Becton Dickinson and Company, Biomerieux SA, Danaher Corporation, Global Scientific Company, Haemonetics Corporation, Sigma Laborzentrifugen GmbH, SARSTEDT AG & Co K, Roche Holdings AG, Beurer GmbH, Cardinal Health Inc., Fresenius Kabi AG, Lmb Technologie GmbH, Fenwal Inc., Kawasumi Laboratories Inc., F. Hoffmann-La Roche Ltd, Thermo Fisher Scientific Inc., Poly Medicure Ltd, Medtronic plc., Nipro Corporation, Sekisui Chemical Co Ltd, Greiner Bio-One International GmbH
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Which Primary Segments of the Blood Processing Devices And Consumables Market Are Driving Growth and Industry Transformations?
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
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Which Regions Are Key Players in the Growth of the #What Are the Primary Drivers Supporting the Market Growth of theBlood Processing Devices And Consumables Market?# 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
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