Blood Transfusion Products Market Size, Share, Growth, Trends, and Global Industry Analysis: By Product Type (Instrument Type (Apheresis Devices, (Plasmapheresis Devices, ECP Devices), Automated Technologies, Cell Therapy Technologies), Whole Blood Technology, (Blood Bags, (Conventional Blood Bags, Inline Filter Blood Bags), Leukocyte Depletion Filters, (Leukocyte Depletion Platelet Filters, Leukocyte Depletion RBC Filters), Buffy Coat Pooling System), By End User (Hospital Chains, Standalone Hospitals, Blood Centers), and By End User Type (Public, Private) and Region Forecast 2020-2031

Blood Transfusion Products Market size was valued at US$ 4.4 billion in 2023 and is expected to reach a value of US$ 7.1 billion by 2029, growing at a CAGR of 7.0% from 2024 to 2030. The global market provides a detailed overview of the market, segmented by product type, application, and end-user. By Product Type, the Transfusion Medicine market has been segmented into Instruments and Accessories. The Accessories segment is likely to be the largest and fastest-growing segment in terms of product type. Based on Application, the Transfusion Medicine is segmented into Apheresis, Autotransfusion, and Blood Processing. The Blood Processing segment is predicted to register the fastest growth rate from 2023-to 2029. Based on the End User, the Transfusion Medicine market is segmented into Hospitals, Laboratories, and Others. According to precision business insights, laboratories are anticipated to hold the largest share market in the forecast period.

Key Developments:

• In September 2021, Hemanext, a blood storage tech developer, raised US$ 15 million funds via new series A funding round and US$ 100 million from private equity. It aims to expand the Hemanext One System processes across the globe.