Transfusion Medicine Market size is valued at USD 4.4 billion in 2021. It is expected to reach a value of USD 7.1 billion by 2028, growing at a CAGR of 7.0% during the forecast period from 2022 to 2028. 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 2022-to 2028. 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.
In September 2021, Hemanext, a blood storage tech developer, raised USD 15 million funds via new series A funding round and USD 100 million from private equity. It aims to expand the Hemanext One System processes across the globe.