Blood Processing Devices and Consumables Market: By Product Type Blood Processing Consumables ), By End User and Geography
Blood Processing Devices and Consumables Market size was valued at US$ 35,129.6 million in 2023 and is poised to grow at a CAGR of 7.2% from 2024-2030. The process of transfer the blood or blood products into one circulation intravenously known as blood transfusion. Early transfusions generally used whole blood transfusion, but advancements in technology, able to transfuse blood components such as RBC, plasma and platelets. After the collection of blood before the transfusion, the blood is stored and processed to make sustainable for use in the specific patient population. Various devices and consumables are used in storage and processing the blood. The devices are used such as refrigerators to maintain the temperature, blood component separating devices such as centrifugation devices and others. Consumables are vials, storage pockets, blood grouping reagents and others.
The global blood processing devices and consumables market have plenty of market players and it is consolidated. In terms of processing devices, strong market players are present. Companies are focused on new product developments and market expansions to strengthen their market share. For instance, in August 2015, Bio-Rad Laboratories, Inc. launched the IH-500, a fully automated random access system for blood typing and screening. Furthermore, companies are also strengthening position by acquiring the other companies operating in same market. For instance, in Agust 2012, Haemonetics Corporation acquired business assets of blood collection, filteration and processing product lines of Pall Corporation.
Study Period
2024-2030Base Year
2023CAGR
7.2%Largest Market
North-AmericaFastest Growing Market
Asia-Pacific
The market are mainly driven by the increased transmission of diseases through blood transfusion and blood donation. In addition, increased awareness of blood donation, increase in demand for the blood and blood products in the geriatric population, growth rates of blood donation, and favourable government support and policies are expected to boost the market over the forecast period. Furthermore, technological advancements in blood storage and processing devices and growing awareness in proper management of blood during the transfusion and donation may drive the market growth. Moreover, increase in R&D investment in regenerative medicine and cell therapies may have a positive growth impact on the blood processing devices market. However, lack of skilled healthcare professionals and high cost acts as restraints for the market over the forecast period.
North America is expected to have major share in market owing to the factors such as growing rates of blood donation and transfusion, increase in R&D in blood and blood products and growing awareness on blood infectious diseases. Europe market is expected to grow at significant rates owing to growing aging population that requires blood transfusion and growing rates of blood donation. Asia-Pacific region is expected to have lucrative market growth opportunity owing to growing healthcare infrastructure and growing rates of blood donation. According to World Health Organization (WHO), about 112.5 Mn blood donations are collected worldwide and more than half of these are collected from high-income countries.
Latin America
Europe
Asia Pacific
Middle East
North America
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Report Benchmarks |
Details |
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Report Study Period |
2024-2030 |
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Market Size in 2023 |
US$ 35,129.6 million |
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Market CAGR |
7.2% |
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By Product type |
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By End User |
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By Region |
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The blood processing devices and consumables market size was valued at US$ 35,129.6 in 2023
The report covers the five regions and 15+ countries market data: North America (United States, Canada), Europe (Germany, France, Italy, Spain, and United Kingdom (UK), Asia Pacific (China, India, Japan, Australia & New Zealand), Latin America (Brazil, Mexico, Argentina) and Middle East and Africa (Saudi Arabia, United Arab Emirates, South Africa).
Becton, Dickinson and Company (U.S.) Abbott Laboratories (U.S.) Thermo Fisher Scientific (U.S.) Bio-Rad Laboratories (U.S.) Beckman Coulter Inc. (U.S.)
Key Market Players
Author
Muni Kumar Meravath is a seasoned Healthcare Market Research Analyst with over 6 years of experience in the healthcare domain, encompassing pharmaceuticals, medical devices, and diagnostics. A graduate in Pharmacy, he possesses a strong foundation in the intricacies of the healthcare sector. He further enhanced his expertise by pursuing an MBA in Pharmaceuticals, equipping him with valuable business acumen. His analytical skills and market insights have contributed to strategic decision-making and enhanced market positioning for various healthcare organizations. Committed to driving innovation and excellence, Muni continues to seek opportunities to improve healthcare delivery through data-driven insights.
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