Blood Banking Devices Market Size, Trends, Competitive Landscape, Business Statistics and Forecast till 2030

Blood Banking Devices Market Development Data, Industry Trends and Forecast to 2030

Blood Banking Devices market research provides a new perspective into the components and workings on global as well as regional levels. The report serving as an invaluable source of guidance for readers covers an analysis overview of the industry chain of the global market and discusses key elements associated with it, the report focuses on the global status, future forecast, growth opportunity, key market, and key players.

The Blood Banking Devices market size was estimated at USD 42.89 billion in 2023 and is projected to reach USD 76.760 billion in 2030 at a CAGR of 8.67% during the forecast period 2023-2030.

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Blood banking devices are specialized medical equipment and instruments used in the collection, processing, testing, storage and distribution of blood and its components. These devices play a crucial role in ensuring the safety and availability of blood products for various medical procedures and treatments. Blood banking devices are critical for maintaining a safe and reliable supply of blood for various medical needs, including surgeries, trauma care, cancer treatments, and more. They ensure that blood products are collected, processed, and distributed with the highest standards of quality and safety.

The blood banking devices market is expected to grow during the forecast period. This growth can be attributed to factors such as increasing demand for blood transfusions, rising incidence of blood-borne diseases, increasing number of blood donation camps and technological advancements in blood banking devices. Moreover, the growing awareness about the importance of blood donation is expected to drive the growth of the market during the forecast period.

Top Key Competitors of Blood Banking Devices market:

  • Abbott
  • BD
  • Beckman Coulter, Inc.
  • Bio-Rad Laboratories, Inc.
  • Boston Scientific
  • Cardinal Health (US)
  • Sysmex Corporation
  • China Biologic Products Holdings, Inc.
  • Hoffmann-La Roche Ltd.
  • Fresenius Kabi AG
  • Hindustan Syringes Medical Devices Ltd.
  • Medtronic
  • Nova Biomedical
  • Ortho Clinical Diagnostics
  • Polymedicure
  • Randox Laboratories Ltd.
  • REMI GROUP
  • Siemens Healthcare GmbH
  • Smith Medical
  • Terumo Corporation
  • Thermo Fisher Scientific, Inc.

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Key Findings:

  • Based on product, the market is segmented into blood collection devices, blood processing devices and blood storage devices. The blood collection devices dominated the market in this segment. Blood collection devices segment can be further divided into blood collection needles, blood collection tubes, syringes, blood bags, lancets, IV cannulas, vials and other.
  • Based on mode of collection, the market is segmented into manual blood collection and automated blood collection.
  • Based on end user, the market is segmented into hospital, academic institutes, independent diagnostics centres/clinics and blood banks. Hospitals dominated the market in this segment.
  • The market is also divided into various regions such as North America, Europe, Asia-Pacific, South America, and Middle East and Africa. North America is estimated to account for the largest market share during the forecast period.

North America to Dominate the Market

  • North America is estimated to account for the largest market share during the forecast period. This is because of the growing adoption of advanced technology and presence of major market players in this region.
  • Moreover, the increasing prevalence of breast cancer patients will further enhance the market's growth rate in this region.

Recent Developments

  • In Jan 2023, Abbott, blood centers of america launch first-of-its-kind mixed reality experience for use during blood donation. The mixed reality technology is an immersive digital experience designed to improve the blood donation process, attract new donors and motivate a younger generation to give blood. The effort intends to address the global challenge of sustaining a reliable blood supply. The Innovation aims to improve the experience and attract new, younger blood donors by adding an element of high-tech mixed reality.
  • In May 2022, Vitalant launched its new mobile app which allows donors to make and schedule blood donation appointments and also access donation history and blood typing information very easily.

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Mayuri Puranik

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