Global Blood Bank Market Growth (Status and Outlook) 2025-2031

Global Blood Bank Market Growth (Status and Outlook) 2025-2031

The global Blood Bank market size is predicted to grow from US$ 20820 million in 2025 to US$ 31150 million in 2031; it is expected to grow at a CAGR of 7.0% from 2025 to 2031.

A blood bank is a center where blood gathered as a result of blood donation is stored and preserved for later use in blood transfusion. The term blood bank typically refers to a division of a hospital where the storage of blood product occurs and where proper testing is performed (to reduce the risk of transfusion related adverse events). However, it sometimes refers to a collection center, and indeed some hospitals also perform collection.

A key driver in the blood bank market is the increasing number of trauma cases and the rising demand for blood transfusions in surgeries and emergency care. Advances in healthcare infrastructure, particularly in developing countries, have led to a growing need for a reliable supply of blood. Furthermore, government initiatives promoting voluntary blood donation and improved awareness about the importance of blood donation are significantly boosting the availability of blood, fueling the growth of the blood bank market.

A major challenge in the blood bank market is the issue of maintaining an adequate and safe blood supply. Seasonal fluctuations in donation rates, along with the short shelf life of blood components like platelets, often result in supply shortages. Moreover, the risk of blood-borne infections and the high cost of testing, storage, and ensuring compliance with regulatory standards further complicate the efficient management of blood banks, especially in resource-limited settings.

North America is the largest consumption place, with a consumption market share more than 35%, It was followed by Europe with 25%.

LPI (LP Information)' newest research report, the “Blood Bank Industry Forecast” looks at past sales and reviews total world Blood Bank sales in 2024, providing a comprehensive analysis by region and market sector of projected Blood Bank sales for 2025 through 2031. With Blood Bank sales broken down by region, market sector and sub-sector, this report provides a detailed analysis in US$ millions of the world Blood Bank industry.

This Insight Report provides a comprehensive analysis of the global Blood Bank landscape and highlights key trends related to product segmentation, company formation, revenue, and market share, latest development, and M&A activity. This report also analyses the strategies of leading global companies with a focus on Blood Bank portfolios and capabilities, market entry strategies, market positions, and geographic footprints, to better understand these firms’ unique position in an accelerating global Blood Bank market.

This Insight Report evaluates the key market trends, drivers, and affecting factors shaping the global outlook for Blood Bank and breaks down the forecast by Type, by Application, geography, and market size to highlight emerging pockets of opportunity. With a transparent methodology based on hundreds of bottom-up qualitative and quantitative market inputs, this study forecast offers a highly nuanced view of the current state and future trajectory in the global Blood Bank.

This report presents a comprehensive overview, market shares, and growth opportunities of Blood Bank market by product type, application, key players and key regions and countries.

Segmentation by Type:
Whole Blood
Platelets
Plasma
Red Cells
Other

Segmentation by Application:
Hospitals
Laboratories
Blood Centers
Others

This report also splits the market by region:
Americas
United States
Canada
Mexico
Brazil
APAC
China
Japan
Korea
Southeast Asia
India
Australia
Europe
Germany
France
UK
Italy
Russia
Middle East & Africa
Egypt
South Africa
Israel
Turkey
GCC Countries

The below companies that are profiled have been selected based on inputs gathered from primary experts and analyzing the company's coverage, product portfolio, its market penetration.
America’s Blood Centers
Japan Red Cross Society
American Red Cross
Australia Red Cross
Red Cross Society of China
NHS Blood and Transplant
New York Blood Center
Canadian Blood Services
Sanquin Blood Supply Foundation
Blood Bank of Alaska
Vitalant
National Blood Transfusion Council

Please note: The report will take approximately 2 business days to prepare and deliver.