Blood Preparation

Blood Preparation

Global Blood Preparation Market to Reach US$75.4 Billion by 2030

The global market for Blood Preparation estimated at US$50.1 Billion in the year 2023, is expected to reach US$75.4 Billion by 2030, growing at a CAGR of 6.0% over the analysis period 2023-2030. Whole Blood, one of the segments analyzed in the report, is expected to record a 5.7% CAGR and reach US$35.2 Billion by the end of the analysis period. Growth in the Blood Derivatives segment is estimated at 6.5% CAGR over the analysis period.

The U.S. Market is Estimated at US$13.1 Billion While China is Forecast to Grow at 9.3% CAGR

The Blood Preparation market in the U.S. is estimated at US$13.1 Billion in the year 2023. China, the world`s second largest economy, is forecast to reach a projected market size of US$17.8 Billion by the year 2030 trailing a CAGR of 9.3% over the analysis period 2023-2030. Among the other noteworthy geographic markets are Japan and Canada, each forecast to grow at a CAGR of 3.4% and 4.7% respectively over the analysis period. Within Europe, Germany is forecast to grow at approximately 4.3% CAGR.

Global Blood Preparation Market – Key Trends & Drivers Summarized

How is Blood Preparation Evolving in Modern Medicine?

Blood preparation is an essential aspect of modern medical treatment, involving the collection, processing, and storage of blood and its components for use in various therapeutic applications, including transfusions, surgeries, and treatments for blood disorders. The market for blood preparation is evolving rapidly due to advancements in blood component separation, storage technologies, and the development of blood substitutes. Blood preparation includes the processing of whole blood into components such as red blood cells, platelets, plasma, and clotting factors, which are used to treat a range of conditions, from trauma and surgeries to anemia, cancer, and hemophilia.

Technological innovations in blood preparation have significantly improved the safety, efficacy, and shelf life of blood products. For example, pathogen reduction technologies are being developed to improve the safety of blood transfusions by inactivating viruses, bacteria, and parasites in blood components. Furthermore, advancements in storage solutions and cryopreservation techniques are extending the shelf life of blood products, ensuring that they remain viable for longer periods, which is crucial for emergency situations and remote healthcare settings. These innovations are not only improving the availability of blood products but also reducing the risk of transfusion-related complications.

What Role Does Blood Preparation Play in Treating Blood Disorders?

Blood preparation is critical in the treatment of various blood disorders, including anemia, hemophilia, and leukemia. For patients with anemia, red blood cell transfusions are essential for replenishing the body’s oxygen-carrying capacity, especially in cases of severe blood loss, chronic diseases, or chemotherapy. In patients with clotting disorders such as hemophilia, blood preparation involves the extraction and concentration of clotting factors, particularly Factor VIII and Factor IX, which are essential for preventing and controlling bleeding episodes. These concentrated blood products can be administered to patients to restore normal clotting function, significantly improving their quality of life.

In the case of leukemia and other blood cancers, blood preparation is vital for both supportive care and treatment. Patients undergoing chemotherapy or radiation therapy often require platelet transfusions to prevent bleeding and plasma transfusions to manage clotting abnormalities. Additionally, stem cell transplants, which involve the infusion of healthy blood-forming cells, are an important therapeutic option for patients with certain types of blood cancers. The preparation of blood components for stem cell transplants ensures that patients receive the necessary support during their treatment journey, highlighting the importance of advanced blood processing techniques in modern medical care.

How is Blood Preparation Enhancing Surgical and Emergency Care?

In surgical and emergency care, blood preparation plays a pivotal role in saving lives and improving patient outcomes. During major surgeries, especially those involving significant blood loss, prepared blood components such as red blood cells, plasma, and platelets are often required to maintain the patient’s blood volume, support oxygen delivery, and prevent clotting disorders. The ability to quickly access and transfuse these blood products can make the difference between life and death in critical situations. Additionally, blood preparation is essential in trauma care, where rapid transfusions of blood components are necessary to stabilize patients with severe injuries and hemorrhages.

The development of advanced blood preparation techniques, including preoperative autologous blood donation, where patients donate their own blood before surgery, is enhancing patient safety by reducing the need for allogeneic (donor) blood transfusions. This minimizes the risk of transfusion-related complications such as immune reactions or infections. Furthermore, innovations in portable blood storage and preparation devices are improving the ability of emergency medical teams to provide life-saving transfusions in the field, particularly in remote or disaster-stricken areas. These advancements are enhancing the responsiveness and effectiveness of surgical and emergency care, ensuring that patients receive the critical blood products they need when and where they need them.

What Factors Are Driving the Growth of the Blood Preparation Market?

The growth of the blood preparation market is driven by several factors, including the increasing demand for blood products due to rising surgical procedures, trauma cases, and the growing prevalence of blood disorders. The expanding elderly population, which is more susceptible to chronic diseases and surgeries, is contributing to a higher demand for blood products, particularly red blood cells and platelets. In addition, advancements in blood component separation and storage technologies are improving the availability and safety of blood products, encouraging their use in a wider range of medical applications.

Regulatory support and increasing awareness about the importance of blood donation are also driving the market. Government initiatives aimed at improving blood donation infrastructure and ensuring the safety of the blood supply are contributing to the growth of the blood preparation market. The development of blood substitutes, which are designed to mimic the oxygen-carrying capacity of red blood cells, is another area of innovation that is expected to impact the market. While still in the research phase, these substitutes have the potential to address shortages of donated blood and provide alternatives for patients who are unable to receive traditional blood transfusions. Finally, the rising incidence of trauma cases, surgeries, and the growing prevalence of blood-related conditions are fueling the demand for blood preparation products globally.

Select Competitors (Total 33 Featured) -

• AstraZeneca plc
• Baxter International Inc
• Bristol-Myers Squibb Company
• GlaxoSmithKline plc
• Leo Pharma A/S
• Pfizer, Inc
• Sanofi
• Xiamen Hisunny Chemical Co., LTD

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