Blood Transfusion Market By Type (Y-type, Straight, Other) , By Application (Child, Adult) : Global Opportunity Analysis and Industry Forecast, 2024-2033
Blood Transfusion Market Expected to Garner $12.3 Billion by 2033, Growing at a CAGR of 6.2%
The global blood transfusion market is expected to grow primarily due to the rising demand for blood products due to the prevalence of chronic diseases and the rising number of surgical procedures & trauma cases. The Asia-Pacific region is predicted to witness profitable growth by 2033.
As per the report published by Research Dive, the global blood transfusion market was valued at $7.0 billion in 2023 and is expected to register a revenue of $12.3 billion by 2033 at a CAGR of 6.2% during the forecast period 2024-2033.
Dynamics of the MarketThe growing prevalence of anemia, rising geriatric population requiring transfusions for age-related conditions, and the increasing initiatives aimed at promoting donation campaigns across the globe are expected to make the blood transfusion market a highly profitable one in the forecast period. Besides, the growing demand for blood products due to the prevalence of chronic diseases, trauma cases, and surgical procedures are predicted to further boost the market growth.
However, according to market analysts, the risk of allergic reactions and regulatory compliance challenges associated with blood transfusion practices might restrain the growth of the market.
Integration of advanced omics technologies and technological innovations in blood storage & transfusion equipment present significant opportunities for blood transfusion market growth. Moreover, efforts among healthcare institutions, blood banks, and regulatory bodies to improve the safety & efficiency of blood transfusions will help the market growth in the coming years.
Key Players of the MarketThe major players of the blood transfusion market include F. Hoffmann-La Roche AG, BIO KIT (Werfen), Abbott, Ortho Clinical Diagnostics, Immucor Inc., Bio-Rad Laboratories, BAG Healthcare GmbH, Quotient Limited, Danaher, and DiaSorin S.P.A.
What the Report CoversIn addition to the details highlighted in this description, the comprehensive final report delves into essential market aspects. These encompass a market overview, SWOT analysis, market dynamics, Porter’s five forces analysis, segmentation (key trends, regional analysis, and forecast analysis), and company profiles (including company overview, product portfolio, operating segments, strategic initiatives, and financial performance).
Key Market SegmentsBy TypeY-type
Straight
Other
By ApplicationChild
Adult
By RegionNorth America
U.S.
Canada
Mexico
Europe
France
Germany
Italy
Spain
UK
Rest of Europe
Asia-Pacific
China
Japan
India
South Korea
Australia
Rest of Asia-Pacific
LAMEA
Brazil
South Africa
Saudi Arabia
UAE
Rest of LAMEA
Key Market PlayersAbbott
F. HOFFMANN-LA ROCHE AG
Ortho Clinical Diagnostics
BIO KIT (Werfen)
Bio-Rad Laboratories
Immucor, Inc
BAG Health Care GmbH
Danaher
DiaSorin S.p.A.
QUOTIENT LIMITED