Blood Bank Market Size, Share, Growth - Industry Forecast 2023
Market Overview:
The rise in the incidence of haematological illnesses and the increase in accidents are the primary factors driving the growth of the global blood bank market. Furthermore, the growing geriatric population and increasing need for safe blood due to the high prevalence of transfusion transmissible illnesses such as HIV and hepatitis B around the world contribute to the growth of the blood bank market. However, increased blood waste and stringent rules and regulations are expected to stymie the expansion of the blood bank market. On the contrary, blood transfusion in emerging markets is likely to provide huge profit prospects for market participants. Some of the prominent players in the market are AMERICAN ASSOCIATION OF BLOOD BANKS, AMERICA'S BLOOD CENTERS, AUSTRALIAN RED CROSS SOCIETY, BLOOD BANK OF ALASKA and others.
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The market size was determined by estimating the market through a top-down and bottom-up approach, which was further validated with industry interviews. Considering the nature of the market we derived the Health Care Supplies by segment aggregation, the contribution of the Health Care Supplies in Health Care Equipment & Services and vendor share.
Key Players Covered in the Report:
· The American Red Cross
· Vitalant
· New York Blood Centre
· Australian Red Cross
· Japan Red Cross Society
· American Association of Blood Banks
· America's Blood Centers
· Canadian Blood Services
· Sanquin Blood Supply Foundation
· Blood Bank of Alaska
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Objectives of the Study
· To forecast the market size, in terms of value, for various segments with respect to five main regions, namely, North America, Europe, Asia-Pacific (APAC), Latin America (LATAM), Middle East & Africa (MEA)
· To provide detailed information regarding the major factors influencing the growth of the Market (drivers, restraints, opportunities, and challenges)
· To strategically analyze the micro markets with respect to the individual growth trends, future prospects, and contribution to the total market
· To provide a detailed overview of the value chain and analyze market trends with the Porter's five forces analysis
· To analyze the opportunities in the market for various stakeholders by identifying the high-growth Segments
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