Global Blood Bank Market Report 2019: Market Value is Expected to Reach USD 19,445 Million in 2026
A blood bank is a bank of blood or blood components, gathered as a result of blood donation, stored and preserved for later use in blood transfusion. Blood banks’ major function includes donor recruitment, collection of blood, donor processing, diagnostic testing, preparation of blood components, recordkeeping, typing & cross matching, medical or legal evaluation of blood, storage, and transportation.
Market Snapshot
This report categorizes the market with various types, applications, companies, and regions. It focuses on the present scenario and the future growth of the global blood bank market, especially in regions like North America, Asia-Pacific, Europe, South America, Middle East and Africa.
The global blood bank market is estimated to be USD 12,932 million in 2019 and is expected to reach USD 19,445 million by 2026, with a CAGR of 6% during the forecast period.
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Competitive Landscape
Major manufacturers profiled in the analysis report include American Red Cross, Japan Red Cross Society, New York Blood Center, Sanquin Blood Supply Foundation, America’s Blood Centers, Canadian Blood Services, Shire (Baxalta), CSL, Grifols, Octapharma, Kedrion, LFB Group, Biotest, BPL, RAAS, CBPO, Hualan Bio, Sichuan Yuanda Shuyang, Abbott, Beckman Coulter, BD, Bio-Rad Laboratories, bioMérieux, Cerus, Haemonetics, Immucor, Fresenius Kabi, MacoPharma, Ortho-Clinical, Terumo BCT, Kawasumi, etc.
Growth Driver
The high prevalence of hematological diseases and growing number of accidental cases across the world are fueling the growth of the blood bank market. In addition, growth in the geriatric population who is prone to blood disorders and high demand for blood transfusion is also projected to stimulate this market’s growth. However, wastage of the donated blood and stringent rules & regulations restrain the growth of the blood bank market.
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Regional Overview
Regionally, the market is conducting research in North America (USA, Canada and Mexico), Europe (Germany, France, UK and other parts of Europe), Asia Pacific (Australia, Japan, India, China and other parts of Asia). -Pacific) and LAMEA (Brazil, Saudi Arabia, South Africa and other members of LAMEA). In 2018, the global blood bank market was mainly concentrated in Asia Pacific, North America and Europe, with market shares of 34%, 28% and 26%, respectively, accounting for 88% of the total. The Asia Pacific region is the largest producer with an annual output value of more than USD 4,148 million in 2018.
Type Overview
l Blood (Whole Blood)
l Platelets
l Plasma
l Double Red Cells
Application Overview
l Hospitals
l Laboratories
l Blood Centers
l Others
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l Base Year: 2018
l Estimated Year: 2019
l Forecast Period: 2019 to 2026
Target Audience:
l Blood bank industry associations
l Healthcare organizations
l Other academic organizations
l Professional service providers
l Managed service
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