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Blood Processing and Storage Equipment Market Size
- Report ID: GMI4075
- Published Date: Oct 2023
- Report Format: PDF
Blood Processing and Storage Equipment Market Size
Blood Processing and Storage Equipment Market size was valued at USD 44 billion in 2022 and is estimated to account for USD 87.6 billion by 2032. Blood processing and storage equipment are crucial components of healthcare systems and blood banks.
These devices ensure that donated blood is properly processed, stored, and transported to patients in need. The demand for early disease diagnosis has been increasing globally due to several factors, including advances in medical technology, rising awareness, and the growing burden of chronic diseases. Cancer is one of the leading causes of death worldwide. As per statistics, in 2023, nearly 1,958,310 new cancer cases are anticipated to occur in the U.S.
| Report Attribute | Details |
|---|---|
| Base Year: | 2022 |
| Blood Processing and Storage Equipment Market Size in 2022: | USD 44 Billion |
| Forecast Period: | 2023 to 2032 |
| Forecast Period 2023 to 2032 CAGR: | 7.1% |
| 2032 Value Projection: | USD 87.6 Billion |
| Historical Data for: | 2018 to 2022 |
| No. of Pages: | 100 |
| Tables, Charts & Figures: | 296 |
| Segments covered: | Product, End-use, and Region |
| Growth Drivers: |
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| Pitfalls & Challenges: |
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The number of road traffic accidents worldwide is rising, which is accelerating the need for diagnostic tests, thereby also boosting the demand for blood processing and storage equipment. For instance, as per WHO, more than 1.35 million people lose their lives in traffic accidents each year.
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Blood Processing and Storage Equipment Market Scope
