Global Blood Preparation Market to Reach $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% over the analysis period 2023-2030. Whole Blood Preparation, 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 Preparation segment is estimated at 6.5% CAGR for the next 7-year period.
The U.S. Market is Estimated at $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 to 2030. Among the other noteworthy geographic markets are Japan and Canada, each forecast to grow at 3.4% and 4.7% respectively over the 2023-2030 period. Within Europe, Germany is forecast to grow at approximately 4.3% CAGR. Led by countries such as Australia, India, and South Korea, the market in Asia-Pacific is forecast to reach US$10.9 Billion by the year 2030.
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