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Blood and Blood Components Market Share

Report ID: GMI3067
Published Date: Apr 2022
Report Format: PDF

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Blood and Blood Components Market Share

Major market players operating in the blood and blood components industry include:

European Blood Alliance,
Australian Red Cross
Indian Red Cross
American Association of Blood Banks
South African National Blood Service

Market participants are focusing towards increasing number of blood donations in order to fulfil the demand globally. They are adopting various inorganic strategies such as partnership to encourage people for the same.

For instance, the European Plasma Alliance organizes various donation camps to support plasma donation in the region to fulfil increasing plasma demand in the region. Moreover, these organizations are also working towards lowering fear of transfusion transmitted infection (TTI) among public by adopting proper blood handling and storage guidelines issues by respective health authorities. Such initiatives undertaken by these market players will positively impact the industry growth.

Authors: Mariam Faizullabhoy, Gauri Wani

Frequently Asked Questions (FAQ) :

Global market for blood and blood components reached USD 12.1 billion in 2021 and is predicted to register 3.4% CAGR during the forecast period of 2022-2028.

The blood component segment generated more than USD 11.6 billion revenue for the global blood and blood components industry in 2021 as these products play an important role in blood loss situations and can treat diseases, such as leukemia and cancer.

Bleeding disorders will account for over USD 3.5 billion revenue by 2028 as patients suffering from lymphoma, idiopathic thrombocytopenic purpura, and leukemia need external supply of these products since they are unable to produce them naturally.

Europe blood and blood components market revenue crossed USD 4 billion in 2021 due to the favorable regulatory policies in the region that are encouraging people to donate blood at various donation camps.