Blood Market Size, Trends, Analysis, and Outlook By Product (Whole Blood Collection and Processing , Source Plasma Collection , Blood Typing Products, Blood Screening Products), By End-User (Blood & Blood Component Bank, Diagnostic Laboratories, Ambulatory Surgical Centers, Blood And Blood Component Bank, Others), by Region, Country, Segment, and Companies, 2024-2030
The global Blood market size is poised to register 5.96% growth (CAGR) from 2024 to 2030, presenting significant growth prospects for companies operating in the industry. The industry study analyzes the global Blood market By Product (Whole Blood Collection and Processing , Source Plasma Collection , Blood Typing Products, Blood Screening Products), By End-User (Blood & Blood Component Bank, Diagnostic Laboratories, Ambulatory Surgical Centers, Blood And Blood Component Bank, Others).
In the field of blood research and transfusion medicine, key trends focus on improving blood safety, availability, and compatibility through advances in blood screening technologies, blood substitutes, and personalized transfusion strategies. Blood screening technologies incorporating nucleic acid amplification assays and next-generation sequencing enable rapid and sensitive detection of infectious pathogens, reducing the risk of transfusion-transmitted infections. Moreover, the development of artificial blood substitutes, such as hemoglobin-based oxygen carriers and perfluorocarbon emulsions, offers alternatives to allogeneic blood transfusions, particularly in emergency and trauma settings where blood supply may be limited. Additionally, the implementation of precision medicine approaches and blood group typing technologies facilitates compatible and personalized transfusion strategies, reducing the incidence of transfusion reactions and improving patient outcomes..
Blood Market Drivers, Trends, Opportunities, and Growth Opportunities
This comprehensive study discusses the latest trends and the most pressing challenges for industry players and investors. The Blood market research analyses the global market trends, key drivers, challenges, and opportunities in the industry. In addition, the latest Future of Blood survey report provides the market size outlook across types, applications, and other segments across the world and regions. It provides data-driven insights and actionable recommendations for companies in the Blood industry.
Key market trends defining the global Blood demand in 2024 and Beyond
The industry continues to remain an attractive hub for opportunities for both domestic and global vendors. As the market evolves, factors such as emerging market dynamics, demand from end-user sectors, a growing patient base, changes in consumption patterns, and widening distribution channels continue to play a major role.
Blood Market Segmentation- Industry Share, Market Size, and Outlook to 2030
The Blood industry comprises a wide range of segments and sub-segments. The rising demand for these product types and applications is supporting companies to increase their investment levels across niche segments. Accordingly, leading companies plan to generate a large share of their future revenue growth from expansion into these niche segments. The report presents the market size outlook across segments to support Blood companies scaling up production in these sub-segments with a focus on expanding into emerging countries.
Key strategies adopted by companies within the Blood industry
Leading Blood companies are boosting investments to capitalize on untapped potential and future possibilities across niche market segments and surging demand conditions in key regions. Further, companies are leveraging advanced technologies to unlock opportunities and achieve operational excellence. The report provides key strategies opted for by the top 10 Blood companies.
Blood Market Study- Strategic Analysis Review
The Blood market research report dives deep into the qualitative factors shaping the market, empowering you to make informed decisions-
- Industry Dynamics: Porter's Five Forces analysis to understand bargaining power, competitive rivalry, and threats that impact long-term strategy formulation.
- Strategic Insights: Provides valuable perspectives on key players and their approaches based on comprehensive strategy analysis.
- Internal Strengths and Weaknesses: Develop targeted strategies to leverage strengths, address weaknesses, and capitalize on market opportunities.
- Future Possibilities: Prepare for diverse outcomes with in-depth scenario analysis. Explore potential market disruptions, technology advancements, and economic changes.
Blood Market Size Outlook- Historic and Forecast Revenue in Three Cases
The Blood industry report provides a detailed analysis and outlook of revenue generated by companies from 2018 to 2023. Further, with actual data for 2023, the report forecasts the market size outlook from 2024 to 2030 in three case scenarios- low case, reference case, and high case scenarios.
Blood Country Analysis and Revenue Outlook to 2030
The report analyses 22 countries worldwide including the key driving forces and market size outlook from 2021 to 2030. In addition, region analysis across Asia Pacific, Europe, the Middle East, Africa, North America, and South America is included in the study. For each of the six regions, the market size outlook by segments is forecast for 2030.
North America Blood Market Size Outlook- Companies plan for focused investments in a changing environment
The US continues to remain the market leader in North America, driven by a large consumer base, the presence of well-established providers, and a strong end-user industry demand. Leading companies focus on new product launches in the changing environment. The US economy is expected to grow in 2024 (around 2.2% growth in 2024), potentially driving demand for various Blood market segments. Similarly, Strong end-user demand is encouraging Canadian Blood companies to invest in niche segments. Further, as Mexico continues to strengthen its trade relations and invest in technological advancements, the Mexico Blood market is expected to experience significant expansion, offering lucrative opportunities for both domestic and international stakeholders.
Europe Blood Market Size Outlook-Companies investing in assessing consumers, categories, competitors, and capabilities
The German industry remains the major market for companies in the European Blood industry with consumers in Germany, France, the UK, Spain, Italy, and others anticipated to register a steady demand throughout the forecast period, driving the overall market prospects. In addition, the proactive approach of businesses in identifying and leveraging new growth prospects positions the European Blood market for an upward trajectory, fostering both domestic and international interest. Leading brands operating in the industry are emphasizing effective marketing strategies, innovative product offerings, and a keen understanding of consumer preferences.
Asia Pacific Blood Market Size Outlook- an attractive hub for opportunities for both local and global companies
The increasing prevalence of indications, robust healthcare expenditure, and increasing investments in healthcare infrastructure drive the demand for Blood in Asia Pacific. In particular, China, India, and South East Asian Blood markets present a compelling outlook for 2030, acting as a magnet for both domestic and multinational manufacturers seeking growth opportunities. Similarly, with a burgeoning population and a rising middle class, India offers a vast consumer market. Japanese and Korean companies are quickly aligning their strategies to navigate changes, explore new markets, and enhance their competitive edge. Our report utilizes in-depth interviews with industry experts and comprehensive data analysis to provide a comprehensive outlook of 6 major markets in the region.
Latin America Blood Market Size Outlook- Continued urbanization and rising income levels
Rising income levels contribute to greater purchasing power among consumers, spurring consumption and creating opportunities for market expansion. Continued urbanization and rising income levels are expected to sustainably drive consumption growth in the medium to long term.
Middle East and Africa Blood Market Size Outlook- continues its upward trajectory across segments
Robust demand from Middle Eastern countries including Saudi Arabia, the UAE, Qatar, Kuwait, and other GCC countries supports the overall Middle East Blood market potential. Fueled by increasing healthcare expenditure of individuals, growing population, and high prevalence across a few markets drives the demand for Blood.
Blood Market Company Profiles
The global Blood market is characterized by intense competitive conditions with leading companies opting for aggressive marketing to gain market shares. The report presents business descriptions, SWOT analysis, growth strategies, and financial profiles. Leading companies included in the study are Abbott Laboratories, AXO Science, BAG Health Care GmbH, Bio Rad Laboratories Inc, Cardinal Health Inc, CSL Ltd, Danaher Corp, DIAGAST SAS, F. Hoffmann La Roche Ltd, Grifols SA, Haemonetics Corp, Medtronic Plc, Merck KGaA, Mesa Laboratories Inc, Nipro Corp, QuidelOrtho Corp, Rapid Labs Ltd, Terumo Corp, Thermo Fisher Scientific Inc.
Recent Blood Market Developments
The global Blood market study presents recent market news and developments including new product launches, mergers, acquisitions, expansions, product approvals, and other updates in the industry.
Blood Market Report Scope
Parameters: Revenue, Volume Price
Study Period: 2023 (Base Year); 2018- 2023 (Historic Period); 2024- 2030 (Forecast Period)
Currency: USD; (Upon request, can be provided in Euro, JPY, GBP, and other Local Currency)
Qualitative Analysis
- Pricing Analysis
- Value Chain Analysis
- SWOT Profile
- Market Dynamics- Trends, Drivers, Challenges
- Porter’s Five Forces Analysis
- Macroeconomic Impact Analysis
- Case Scenarios- Low, Base, High
Market Segmentation:
By Type
Stationary 3D and 4D Ultrasound Devices
Portable 3D and 4D Ultrasound Devices
By Display
Color Ultrasound
B/W Ultrasound
By Portability
Trolley or Cart-Based Ultrasound Systems
Compact/Handheld Ultrasound Systems
Point-of-Pare (PoC) Ultrasound Systems
By Application
Radiology or General Imaging
Obstetrics or Gynecology
Cardiology
Urology
Vascular
Orthopedic and Musculoskeletal
Pain Management
Others
By End-User
Hospitals
Surgical Centers and Diagnostic Centers
Maternity Centers
Ambulatory Care Centers
Research and Academia
Others
Geographical Segmentation:
- North America (3 markets)
- Europe (6 markets)
- Asia Pacific (6 markets)
- Latin America (3 markets)
- Middle East Africa (5 markets)
Companies
Abbott Laboratories
AXO Science
BAG Health Care GmbH
Bio Rad Laboratories Inc
Cardinal Health Inc
CSL Ltd
Danaher Corp
DIAGAST SAS
F. Hoffmann La Roche Ltd
Grifols SA
Haemonetics Corp
Medtronic Plc
Merck KGaA
Mesa Laboratories Inc
Nipro Corp
QuidelOrtho Corp
Rapid Labs Ltd
Terumo Corp
Thermo Fisher Scientific Inc
Formats Available: Excel, PDF, and PPT