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What Market Value Expansion Is Expected For The Blood Market Over The Forecast Period?
The blood and blood components market has experienced robust expansion in recent years. This market is set to increase from $43 billion in 2025 to $45.38 billion in 2026, advancing at a compound annual growth rate (CAGR) of 5.5%. Historically, the expansion during prior periods was largely due to factors such as the increasing occurrence of chronic blood conditions, the broader provision of trauma and emergency care, the growing acceptance of component therapy, enhancements in blood separation technologies, and the expansion of hospital transfusion services.
The blood and blood components market size is projected to experience consistent expansion in the coming years. This market is anticipated to reach a valuation of $55.16 billion by 2030, demonstrating a compound annual growth rate (CAGR) of 5.0%. Factors contributing to this growth during the projection period include the heightened need for personalized transfusion therapies, increased capital expenditure in sophisticated storage solutions, the broader availability of oncology and hematology interventions, the wider implementation of pathogen reduction methods, and a greater emphasis on reducing blood product waste. Key trends identified for the forecast timeframe encompass the escalating demand for transfusions targeting specific components, the increasing embrace of automated processes for blood component separation, the expanding application of platelet and plasma-based treatments, the development of more advanced blood storage alternatives, and a sharpened focus on refining inventory management.
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Which Drivers Are Advancing The Blood Market Growth?
The rising occurrence of bleeding disorders is anticipated to stimulate the expansion of the blood and blood components market in the future. Conditions like hemophilia fall under bleeding disorders, which are a collection of medical issues marked by inefficient blood clotting, resulting in excessive or extended bleeding, even from minor wounds or without apparent cause. Blood and its components are vital for managing these disorders, offering crucial elements such as red blood cells, platelets, and clotting factors. These can be transfused to substitute or augment deficient or malfunctioning components in patients, thereby enhancing their clotting capacity and general well-being. As an illustration, in July 2023, data from the Centers for Disease Control and Prevention (CDC), a US government agency, indicated that hemophilia A affects approximately one in 5,000 male births in the United States, with around 400 babies born with hemophilia A annually in the United States. Furthermore, the estimated population of males living with hemophilia in the United States currently ranges from 30,000 to 33,000. Consequently, the increasing incidence of bleeding disorders is fueling the growth of the blood and blood components market.
What Key Segment Areas Are Included In The Blood Market Assessment?
The blood market covered in this report is segmented –
1) By Product: Whole Blood Collection And Processing, Source Plasma Collection, Blood Typing Products, Blood Screening Products
2) By Mode of Delivery: Infusion Solutions, Gels, Sprays, Biomedical Sealants
3) By End User: Blood And Blood Component Bank, Diagnostic Laboratories, Ambulatory Surgical Centers, Hospitals, Other End Users
Subsegments:
1) By Whole Blood Collection And Processing: Blood Collection Bags, Blood Processing Kits, Blood Separation Systems, Blood Donation Kits
2) By Source Plasma Collection: Plasma Collection Kits, Automated Plasma Collection Systems, Plasma Freezers And Storage Equipment
3) By Blood Typing Products: Blood Typing Reagents, Blood Typing Kits (Manual And Automated), Blood Grouping Solutions
4) By Blood Screening Products: Blood Screening Reagents, Blood Screening Systems (Automated And Manual), Infectious Disease Testing Kits, Hemoglobin Testing Kits
Which Trends Are Expected To Shape The Blood Market?
Leading companies within the blood and blood component market are prioritizing the advancement of innovative technology, such as a novel precision blood typing process, to prevent blood transfusion complications during medical procedures. This proprietary method of blood typing leverages sophisticated techniques and technologies to accurately identify an individual’s blood type, encompassing their specific blood group and subgroup, thereby ensuring the precise and secure administration of blood or blood products. For instance, in April 2023, San Diego Blood Bank, a US-based blood bank, introduced its precision blood initiative, designed to elevate the care standards for those receiving blood transfusions through the wider adoption of precision blood typing. This undertaking seeks to positively impact and preserve lives by enhancing the quality of care provided to blood transfusion patients.
Which Key Players Are Active In The Blood Market?
Major companies operating in the blood market are Cardinal Health Inc., Roche Holding AG, Thermo Fisher Scientific Inc., Abbott Laboratories, Medtronic Plc, Danaher Corp., Merck KGaA, Asahi Kasei Medical Co. Ltd., Henry Schein Inc., Medline Industries Inc., B. Braun Melsungen AG, Grifols SA, Terumo Corp., Nipro Corp., QuidelOrtho Corp., Bio Rad Laboratories Inc., LivaNova PLC, Haemonetics Corp., Macopharma, DIAGAST SAS, BAG Health Care GmbH, Kawasumi Laboratories America Inc
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Which Region Accounts For The Highest Share Of The Blood Market?
North America was the largest region in the blood market in 2025. Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in the blood market report are Asia-Pacific, South East Asia, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.
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