Blood Bank Market Global Trends, Market Share, Industry Size, Growth, Opportunities and Market Forecast – 2021 to 2027

The Blood Bank Market was valued at USD 14,550 million in 2020, and it is expected to reach USD 19,750 million in 2027, registering a CAGR of 5% during the forecast period, 2021-2027.

Blood banks are primarily engaged in the collection, processing, testing, storage and distribution of whole blood and blood products. In addition, the price of blood is expensive because blood samples or blood products are extensively tested and processed. The blood bank stores products such as whole blood, red blood cells, platelets, and plasma for a short period of time according to the test results. It also provides distribution services to hospitals, ambulatory surgical centers, pharmaceutical companies, research centers and more. Currently, there is a higher demand among health care providers for packaged red blood cells than for whole blood during transfusion.

Market Segments

By Function

• Collection
• Processing
• Testing
• Storage
• Transportation

By Product Type

• Whole Blood
• Red Blood Cells
• Platelet
• Plasma
• White Blood Cells

Key Players

Some of the companies currently dominating the market are Vitalant, New York Blood Center, The American National Red Cross, Australian Red Cross, America’s Blood Centers, Canadian Blood Services, Japanese Red Cross Society, AABB, and Blood Bank of Alaska.

Scope of the Report

The research study analyzes the global Blood Bank industry from 360-degree analysis of the market thoroughly delivering insights into the market for better business decisions, considering multiple aspects some of which are listed below as:

Recent Developments

o Market Overview and growth analysis
o Import and Export Overview
o Volume Analysis
o Current Market Trends and Future Outlook
o Market Opportunistic and Attractive Investment Segment

Geographic Coverage

o North America Market Size and/or Volume
o Latin America Market Size and/or Volume
o Europe Market Size and/or Volume
o Asia-Pacific Market Size and/or Volume
o Rest of the world Market Size and/or Volume

Key Questions Answered by Blood Bank Market Report

1. What was the Blood Bank Market size in 2019 and 2020; what are the estimated growth trends and market forecast (2021-2027).

2. What will be the CAGR of the Blood Bank Market during the forecast period (2021-2027)?
3. Which segments (product type/applications/end-user) were most attractive for investments in 2021? How these segments are expected to grow during the forecast period (2021-2027).
4. Which manufacturer/vendor/players in the Blood Bank Market was the market leader in 2020?
5. Overview on the existing product portfolio, products in the pipeline, and strategic initiatives taken by key vendors in the market.