Blood Bank Market Report by Product Type (Whole Blood, Red Blood Cells, Platelet, Plasma, White Blood Cells), Bank Type (Private, Public), Function (Collection, Processing, Testing, Storage, Transportation), End User (Hospital, Ambulatory Surgery Centers,

Blood Bank Market Report by Product Type (Whole Blood, Red Blood Cells, Platelet, Plasma, White Blood Cells), Bank Type (Private, Public), Function (Collection, Processing, Testing, Storage, Transportation), End User (Hospital, Ambulatory Surgery Centers, Pharmaceutical Companies, Clinics and Nursing Homes, and Others), and Region 2024-2032


The global blood bank market size reached US$ 17.2 Billion in 2023. Looking forward, IMARC Group expects the market to reach US$ 25.1 Billion by 2032, exhibiting a growth rate (CAGR) of 4.2% during 2024-2032.

A blood bank is a facility where blood is collected from donors, typed, separated into components, stored, and prepared for transfusion to patients. The blood is separated into red blood cells (RBCs), plasma, and platelets, which are transfused to different individuals according to their requirements. Blood banks avoid transfusion-related reactions by providing proper identification of the patients and blood products. In addition, they offer distribution services of blood to hospitals, ambulatory surgery centers, pharmaceutical companies, and research centers.

Blood Bank Market Trends:
The growing prevalence of hematological diseases, such as rare genetic conditions, anemia, and sickle cell disease due to disorders of the blood and blood-forming organs, represents one of the key factors driving the market. Moreover, there is an increase in the demand for safe blood due to the rising cases of transfusion transmissible infections (TTI), such as human immunodeficiency viruses (HIV) and hepatitis B. This, along with the increasing geriatric population across the globe, is propelling the growth of the market. In addition, there is a rise in the demand for red blood cells (RBCs) in amputation surgeries. This, coupled with various benefits associated with red blood cells (RBCs), such as easy availability and low cost of storage and maintenance, is positively influencing the market. Besides this, governments of several countries are taking initiatives to promote blood donation around the world. In line with this, the expanding healthcare industry is offering lucrative growth opportunities to end-users and investors. Additionally, the rising number of accidents in sports due to poor training methods, structural abnormalities, and unsafe exercising environments is bolstering the demand for packed red blood cells (RBCs) during blood transfusions.

Key Market Segmentation:
IMARC Group provides an analysis of the key trends in each sub-segment of the global blood bank market report, along with forecasts at the global, regional and country level from 2024-2032. Our report has categorized the market based on product type, bank type, function, and end user.

Breakup by Product Type:

Whole Blood
Red Blood Cells
Platelet
Plasma
White Blood Cells

Breakup by Bank Type:

Private
Public

Breakup by Function:

Collection
Processing
Testing
Storage
Transportation

Breakup by End User:

Hospital
Ambulatory Surgery Centers
Pharmaceutical Companies
Clinics and Nursing Homes
Others

Breakup by Region:

North America
United States
Canada
Asia-Pacific
China
Japan
India
South Korea
Australia
Indonesia
Others
Europe
Germany
France
United Kingdom
Italy
Spain
Russia
Others
Latin America
Brazil
Mexico
Others
Middle East and Africa

Competitive Landscape:
The competitive landscape of the industry has also been examined along with the profiles of the key players being American Association of Blood Banks, Blood Bank of Alaska, Canadian Blood Services, Haemonetics Corporation, Japanese Red Cross Society, New York Blood Center, NHS Blood and Transplant, Sanquin Bloedvoorziening, Terumo Corporation, The American National Red Cross and Vitalant.

Key Questions Answered in This Report

1. What was the size of the global blood bank market in 2023?
2. What is the expected growth rate of the global blood bank market during 2024-2032?
3. What are the key factors driving the global blood bank market?
4. What has been the impact of COVID-19 on the global blood bank market?
5. What is the breakup of the global blood bank market based on the product type?
6. What is the breakup of the global blood bank market based on the bank type?
7. What is the breakup of the global blood bank market based on function?
8. What is the breakup of the global blood bank market based on the end user?
9. What are the key regions in the global blood bank market?
10. Who are the key players/companies in the global blood bank market?


1 Preface
2 Scope and Methodology
2.1 Objectives of the Study
2.2 Stakeholders
2.3 Data Sources
2.3.1 Primary Sources
2.3.2 Secondary Sources
2.4 Market Estimation
2.4.1 Bottom-Up Approach
2.4.2 Top-Down Approach
2.5 Forecasting Methodology
3 Executive Summary
4 Introduction
4.1 Overview
4.2 Key Industry Trends
5 Global Blood Bank Market
5.1 Market Overview
5.2 Market Performance
5.3 Impact of COVID-19
5.4 Market Forecast
6 Market Breakup by Product Type
6.1 Whole Blood
6.1.1 Market Trends
6.1.2 Market Forecast
6.2 Red Blood Cells
6.2.1 Market Trends
6.2.2 Market Forecast
6.3 Platelet
6.3.1 Market Trends
6.3.2 Market Forecast
6.4 Plasma
6.4.1 Market Trends
6.4.2 Market Forecast
6.5 White Blood Cells
6.5.1 Market Trends
6.5.2 Market Forecast
7 Market Breakup by Bank Type
7.1 Private
7.1.1 Market Trends
7.1.2 Market Forecast
7.2 Public
7.2.1 Market Trends
7.2.2 Market Forecast
8 Market Breakup by Function
8.1 Collection
8.1.1 Market Trends
8.1.2 Market Forecast
8.2 Processing
8.2.1 Market Trends
8.2.2 Market Forecast
8.3 Testing
8.3.1 Market Trends
8.3.2 Market Forecast
8.4 Storage
8.4.1 Market Trends
8.4.2 Market Forecast
8.5 Transportation
8.5.1 Market Trends
8.5.2 Market Forecast
9 Market Breakup by End User
9.1 Hospital
9.1.1 Market Trends
9.1.2 Market Forecast
9.2 Ambulatory Surgery Centers
9.2.1 Market Trends
9.2.2 Market Forecast
9.3 Pharmaceutical Companies
9.3.1 Market Trends
9.3.2 Market Forecast
9.4 Clinics and Nursing Homes
9.4.1 Market Trends
9.4.2 Market Forecast
9.5 Others
9.5.1 Market Trends
9.5.2 Market Forecast
10 Market Breakup by Region
10.1 North America
10.1.1 United States
10.1.1.1 Market Trends
10.1.1.2 Market Forecast
10.1.2 Canada
10.1.2.1 Market Trends
10.1.2.2 Market Forecast
10.2 Asia-Pacific
10.2.1 China
10.2.1.1 Market Trends
10.2.1.2 Market Forecast
10.2.2 Japan
10.2.2.1 Market Trends
10.2.2.2 Market Forecast
10.2.3 India
10.2.3.1 Market Trends
10.2.3.2 Market Forecast
10.2.4 South Korea
10.2.4.1 Market Trends
10.2.4.2 Market Forecast
10.2.5 Australia
10.2.5.1 Market Trends
10.2.5.2 Market Forecast
10.2.6 Indonesia
10.2.6.1 Market Trends
10.2.6.2 Market Forecast
10.2.7 Others
10.2.7.1 Market Trends
10.2.7.2 Market Forecast
10.3 Europe
10.3.1 Germany
10.3.1.1 Market Trends
10.3.1.2 Market Forecast
10.3.2 France
10.3.2.1 Market Trends
10.3.2.2 Market Forecast
10.3.3 United Kingdom
10.3.3.1 Market Trends
10.3.3.2 Market Forecast
10.3.4 Italy
10.3.4.1 Market Trends
10.3.4.2 Market Forecast
10.3.5 Spain
10.3.5.1 Market Trends
10.3.5.2 Market Forecast
10.3.6 Russia
10.3.6.1 Market Trends
10.3.6.2 Market Forecast
10.3.7 Others
10.3.7.1 Market Trends
10.3.7.2 Market Forecast
10.4 Latin America
10.4.1 Brazil
10.4.1.1 Market Trends
10.4.1.2 Market Forecast
10.4.2 Mexico
10.4.2.1 Market Trends
10.4.2.2 Market Forecast
10.4.3 Others
10.4.3.1 Market Trends
10.4.3.2 Market Forecast
10.5 Middle East and Africa
10.5.1 Market Trends
10.5.2 Market Breakup by Country
10.5.3 Market Forecast
11 SWOT Analysis
11.1 Overview
11.2 Strengths
11.3 Weaknesses
11.4 Opportunities
11.5 Threats
12 Value Chain Analysis
13 Porters Five Forces Analysis
13.1 Overview
13.2 Bargaining Power of Buyers
13.3 Bargaining Power of Suppliers
13.4 Degree of Competition
13.5 Threat of New Entrants
13.6 Threat of Substitutes
14 Price Analysis
15 Competitive Landscape
15.1 Market Structure
15.2 Key Players
15.3 Profiles of Key Players
15.3.1 American Association of Blood Banks
15.3.1.1 Company Overview
15.3.1.2 Product Portfolio
15.3.2 Blood Bank of Alaska
15.3.2.1 Company Overview
15.3.2.2 Product Portfolio
15.3.3 Canadian Blood Services
15.3.3.1 Company Overview
15.3.3.2 Product Portfolio
15.3.4 Haemonetics Corporation
15.3.4.1 Company Overview
15.3.4.2 Product Portfolio
15.3.4.3 Financials
15.3.4.4 SWOT Analysis
15.3.5 Japanese Red Cross Society
15.3.5.1 Company Overview
15.3.5.2 Product Portfolio
15.3.6 New York Blood Center
15.3.6.1 Company Overview
15.3.6.2 Product Portfolio
15.3.7 NHS Blood and Transplant
15.3.7.1 Company Overview
15.3.7.2 Product Portfolio
15.3.8 Sanquin Bloedvoorziening
15.3.8.1 Company Overview
15.3.8.2 Product Portfolio
15.3.9 Terumo Corporation
15.3.9.1 Company Overview
15.3.9.2 Product Portfolio
15.3.9.3 Financials
15.3.9.4 SWOT Analysis
15.3.10 The American National Red Cross
15.3.10.1 Company Overview
15.3.10.2 Product Portfolio
15.3.11 Vitalant
15.3.11.1 Company Overview
15.3.11.2 Product Portfolio

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