Global Blood Banking and Blood Products
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| Data Timeline | Historical Data: 2022-2025 | Base Year: 2025 | Forecast Period: 2026-2034 |
|---|---|
| Type Segment Analysis | RBCs, Plasma, Platelets, Whole Blood, Cryo |
| Application Segment Analysis | Trauma & Surgery, Bleeding Disorder, Cancer Treatment, Others |
| Regions & Countries Analysis |
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As per Cognitive Market Research's latest published report, the Global Blood Banking and Blood Products market size will be USD 27,301.61 Million by 2028. Blood Banking and Blood Products Industry's Compound Annual Growth Rate will be 7.30% from 2023 to 2030.
| Market Size | 2021 (A) | 2025 (A) | 2033 (P) | CAGR |
|---|---|---|---|---|
| Global Blood Banking and Blood Products Market Sales Revenue | xxxx | xxxx | xxxx | 7.3% |
Blood Banking and Blood Products Market is Segmented as below. Particular segment of your interest can be provided without any additional cost. Download the Sample Pages!
Blood Banks are the centers or the organizations where the blood is collected and stored before it is used for transfusions. The blood bank may be a standalone organization or in association with hospitals. The blood bank also carried out other process such as recordkeeping, blood typing, testing for infectious diseases, cross matching, medical or legal evaluation of blood, storage, and transportation of blood. The blood banking is the terms which is generally related to the blood bank. The blood banking is the term used for the all the process that take place in the lab to preserve the donated blood, or blood products. It is also involved in the activities such as collecting, separating, and storing blood, before they are transfused or used for other medical procedures.
The blood consists of various component which are used as whole or as a separate entity for treating the various medical disease conditions. The one person can also help the multiple people by donating the different component to different person. The transfusable components that are derived from donated blood are red cells, platelets, plasma, cryo precipitated AHF (cryo), and granulocytes. An additional component, like white cells, is often removed from donated blood before transfusion.
The blood products are the therapeutic substance which includes whole blood and the blood components which are to be transfusion. The blood bank and blood products market are segmented on the basis of types as whole blood, RBCs, Platelets, Plasma, Cryo. The market is segmented on the basis of the End-users as Trauma & Surgery, Cancer Treatment, Bleeding Disorder.
Due to the factors such as high frequency of hematologic diseases, steep rise in accidental cases, increasing awareness about blood donation etc. led to the potential growth of Blood Banking and Blood Products Market in coming years.
Increasing prevalence of chronic diseases is one of the major factors that are enhancing the demand of blood products. For example; there is high prevalence of diseases such as HIV infection, malaria, tuberculosis and dengue results. As the HIV disease continues to be a serious health issue for parts of the globe. According to World Health Organization (WHO); there were about 1.7 million new cases of HIV in 2018. About 37.9 million people were living with HIV around the world in 2018 and 24.5 million they were receiving medicines to treat HIV called antiretroviral therapy (ART) and there were an estimated 38.0 million patients living with HIV at the end of 2019 and 26 million of them were receiving medicines to treat HIV called (ART) antiretroviral therapy, according to the center of disease control and prevention.
According to the World Health Organization (WHO), cancer causes 9 million deaths worldwide each year. Overall, NCDs cause 1 million deaths, or 71% of global deaths, according to the WHO, 1,735,530 new cancer cases were reported in the U.S. in 2018 alone; this figure is projected to reach 23.6 million by 2030. And, number of diabetes patients are also increasing. For instance; approximately 463 million adults are living with diabetes across the globe, according to the latest 2019 data from the International Diabetes Federation. Platelet transfusions, used to prevent and treat bleeding, are given to patients undergoing chemotherapy, hematopoietic progenitor-cell and solid-organ transplantation, and surgery, as well as those with hematologic disease, sepsis, or other conditions that cause thrombocytopenia.
In addition, increasing number of cases of Covid-19 is also augmenting the demand for blood products. Thus, with an outbreak of Covid-19 all over the world everyone is trying to find a cure or a vaccine. There is an increase in the prevalence of hematological diseases which further drives the growth of blood banking and blood products market. Thus, increasing prevalence of chronic diseases, growing number of covid-19 cases and combined technological advances are some of the major factors driving the growth of global blood banking and blood products market.
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The April 2025 “Liberation Day Tariffs” (10–46%) have disrupted global pharmaceutical trade, raising costs for APIs, packaging, and machinery from China and India. Generic drug makers, biopharma, vaccines, and CMOs face higher expenses, supply chain delays, and regulatory hurdles, while EU retaliation has further strained U.S. exports. Clinical trials are also delayed due to tariffs on drugs and kits. In this landscape, market research is vital, providing real-time data on pricing, suppliers, and tariff impacts to help companies optimize supply chains, find alternative hubs, and maintain competitiveness.
Vitalant is a non-profit organization that is involved in blood collection, testing, logistics, distribution, special services etc. The organization with its national network of community donation centers strive hard to deliver blood to hospitals present in locality and all across the U.S. The organization also supply the blood during the times of regional disasters, severe weather and unexpected tragedies. The company offers patients with the necessary blood components like platelets, red cells, plasma etc. so that the patient can survive, heal and overcome the diseases.
The company focuses on bringing collective impact by bringing together top experts in field, inspiring people to donate blood, providing specialized patient services and pharmaceuticals, conducting advance cutting-edge research, producing a safe and ready blood supply, etc
Vitalant, One Blood and the American Red Cross are conducting innovative research that could help lead to additional changes in donor eligibility for men who have sex with men.
Vitalant, OneBlood and the American Red Cross launched a pilot study which is contracted and funded by the U.S. Food and Drug Administration (FDA). The study conducted is ADVANCE study which stand for Assessing Donor Variability and New Concepts in Eligibility. This study will be focused on evaluating alternatives to the FDA’s blood donor deferral policy, where the FDA recommends that a man who has had sex with another man be deferred from donating blood for three months following the most recent sexual contact with another man which was adopted in April 2020.
Canadian Blood Services is an organization which work together with the donors, recipients, employees, partners and volunteers in order to save the life of Canadian people. The organization is involving in providing the lifesaving products and services in transfusion and transplantation for Canadian patients. The products offered for transfusion and transplantation by the organization includes
Growing domestic plasma supply for Canadian patients
Canadian Blood Services announced that they are planning to increase plasma collection in more cities across Canada with the support of funding from provincial and territorial governments. The New plasma donor centers will open in Brampton and Ottawa, Ontario by spring 2022.
Top Companies Market Share in Blood Banking and Blood Products Industry: (In no particular order of Rank)
| Companies | 2022 (A) | 2023 (A) | 2024 (A) | 2025 (A) |
|---|---|---|---|---|
| America's Blood Centers | xxxx | xxxx | xxxx | xxxx |
| Vitalant | xxxx | xxxx | xxxx | xxxx |
| Japan Red Cross Society | xxxx | xxxx | xxxx | xxxx |
| American Red Cross | xxxx | xxxx | xxxx | xxxx |
| Australia Red Cross | xxxx | xxxx | xxxx | xxxx |
| Red Cross Society | xxxx | xxxx | xxxx | xxxx |
| NHS Blood and Transplant | xxxx | xxxx | xxxx | xxxx |
| New York Blood Center | xxxx | xxxx | xxxx | xxxx |
| Canadian Blood Services | xxxx | xxxx | xxxx | xxxx |
| Sanquin Blood Supply Foundation | xxxx | xxxx | xxxx | xxxx |
*List of Second Tier Companies, List of Third Tier/ Start-up Companies (Inquire with sales executive)
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The Region and Country Analysis of the Blood Banking and Blood Products market covers six regions North America, Europe, Asia-Pacific, South America, and Middle East & Africa along with key countries. It highlights revenue share, trends, growth rates, and market dynamics, supported by charts and data. The study also evaluates profitability, pricing, capacity, production, and supply-demand balance to provide a clear outlook on future market prospects.
The current report Scope analyzes Blood Banking and Blood Products Market on 6 major region Split (In case you wish to acquire a specific region edition (more granular data) or any country Edition data then please write us on info@cognitivemarketresearch.com
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Research Analyst
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Supriya Yadav is a dedicated market research professional with expertise in the aerospace and defence industry. At Cognitive Market Research, she focuses on delivering strategic insights into aviation advancements, defence technologies, and global security trends shaping the future of the sector.
Her research covers areas such as military modernization, commercial aviation growth, space exploration, and defence procurement strategies. With a strong analytical mindset and attention to technological evolution, Supriya provides data-driven intelligence that supports innovation, strategic planning, and informed decision-making within the aerospace and defence domain.
As a Research Analyst, I bring over two years of experience in market research, data analysis, and market estimation. I specialize in turning complex datasets into meaningful insights that help businesses identify opportunities, understand market dynamics, and make confident, growth-focused decisions.
My expertise spans across analyzing industry trends, forecasting market potential, mapping competitive landscapes, and studying consumer behavior to deliver actionable recommendations. With an MBA in Marketing and Finance, I combine strong analytical skills with strategic thinking, ensuring that every project I work on contributes real value to clients.
I am passionate about using research to uncover patterns, anticipate shifts, and deliver insights that drive measurable business impact. My goal is to continuously learn, innovate, and provide data-driven solutions that empower clients to succeed in a competitive environment.
Global Blood Banking and Blood Products Market Report 2025 Edition talks about crucial market insights with the help of segments and sub-segments analysis. In this section, we reveal an in-depth analysis of the key factors influencing Blood Banking and Blood Products Industry growth. Blood Banking and Blood Products market has been segmented with the help of its Type, Application , and others. Blood Banking and Blood Products market analysis helps to understand key industry segments, and their global, regional, and country-level insights. Furthermore, this analysis also provides information pertaining to segments that are going to be most lucrative in the near future and their expected growth rate and future market opportunities. The report also provides detailed insights into factors responsible for the positive or negative growth of each industry segment.
RBCs Revenue (USD Million) in Blood Banking and Blood Products is estimated to reach USD 8,361.48 Million by 2028.
RBCs are also known as the red blood cells or erythrocytes. These are produced in the bone marrow and are engaged in the transportation of oxygen from lungs to the rest of body and carbon dioxide from body to lungs. It has the shelf life of up to 42 days and is store in cold condition such as in refrigerator. It is widely used in the medical condition such as trauma, surgery, blood disorders (sickle cell), any blood loss, anemia.
Plasma is the clear, straw-colored liquid portion of blood that remains after red blood cells, white blood cells, platelets and other cellular components are removed. It is the single largest component of human blood, comprising about 55 percent, and contains water, salts, enzymes, antibodies and other proteins.
Platelets are also referred as thrombocytes. The main function of the platelets is to prevent the blood loss by adhering to the lining of blood vessels. These are produced in the bone marrow and are colorless cell fragments having the shelf life of 5 days. Platelets can be obtaining from the blood by centrifuge and can be store at room temperature with constant agitation to prevent clumping. It is used for cancer treatments, organ transplants and surgery.
Whole Blood is a blood with all its component which is used in Trauma and Surgery. It is common type of blood donation which required minimal processing and can be store from 21-35 days in refrigerator.
Cryo stands for the Cryoprecipitate Antihemophilic Factor which is a white color substance present in portion of plasma which is rich in clotting factors with other two factor which are Factor VIII and fibrinogen. The function of Cryo in the blood is to slowdown or stop the bleeding in the body. It is obtained by freezing and then slowly defrosting frozen plasma, having the shelf life of a year in frozen condition. The Cryo are generally used in the medical conditions such as hemophilia, von Willebrand disease or as a source of fibrinogen.
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Trauma & Surgery Revenue (USD Million) in Blood Banking and Blood Products is estimated to reach USD 11,368.34 Million by 2028.
A large amount of blood is lost in traumatic injury which is caused by road traffic crashes, burns, stabbings, falling, etc. Many times, heavy blood loss is also seen during surgical procedures due to various reasons. In such cases, the blood or blood components are transfused to the patient to cope-up with the blood loss.
Bleeding Disorder such as Haemophilia, Von Willebrand disease, etc. where the body lack the ability to coagulate blood, due to which the bleeding of blood cannot be controlled by the body itself. In such cases the blood component responsible for coagulations of blood are supplied from outside via transfusion, such as cryo. This is a rare but dangerous phenomenon where all the blood from body can be leak which may lead to death of person.
Blood helps the cancer patients to fight the cancer and to minimize the side effect of the treatment. Many a times anemia is also observes as a common factor develop in the cancer patient. In such cases the blood transfusion helps the cancer patient for faster recovery. In the cancer such as leukemia, the bone marrow (responsible for production of various blood cell) get damage. In such case the patient body is incapable of producing blood and need the blood transfusion from outside. As the number of cancer patient is increasing, the need for the blood for the cancer patients also increases.
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Disclaimer:
| Type | RBCs, Plasma, Platelets, Whole Blood, Cryo |
| Application | Trauma & Surgery, Bleeding Disorder, Cancer Treatment, Others |
| List of Competitors | America's Blood Centers, Vitalant, Japan Red Cross Society, American Red Cross, Australia Red Cross, Red Cross Society, NHS Blood and Transplant, New York Blood Center, Canadian Blood Services, Sanquin Blood Supply Foundation |
Chapter 1 2026 Geopolitical Outlook - Blood Banking and Blood Products Market Detailed Analysis
This chapter isn't just about technology; it’s about certainty. We show you how AI is being used in leading industries so you can apply those same 'High-Speed' and 'High-Accuracy' principles to your own market strategy
Chapter 2 AI's Impact on Market - Detailed Qualitative Analysis
This chapter will help you gain GLOBAL Market Analysis of Blood Banking and Blood Products. Further deep in this chapter, you will be able to review Global Blood Banking and Blood Products Market Split by various segments and Geographical Split.
Chapter 3 Global Market Analysis
Global Market has been segmented on the basis 5 major regions such as North America, Europe, Asia-Pacific, Middle East & Africa, and Latin America.
You can purchase only the Executive Summary of Global Market (2019 vs 2024 vs 2031)
Global Market Dynamics, Trends, Drivers, Restraints, Opportunities, Only Pointers will be deliverable
This chapter will help you gain North America Market Analysis of Blood Banking and Blood Products. Further deep in this chapter, you will be able to review North America Blood Banking and Blood Products Market Split by various segments and Country Split.
Chapter 4 North America Market Analysis
This chapter will help you gain Europe Market Analysis of Blood Banking and Blood Products. Further deep in this chapter, you will be able to review Europe Blood Banking and Blood Products Market Split by various segments and Country Split.
Chapter 5 Europe Market Analysis
This chapter will help you gain Asia Pacific Market Analysis of Blood Banking and Blood Products. Further deep in this chapter, you will be able to review Asia Pacific Blood Banking and Blood Products Market Split by various segments and Country Split.
Chapter 6 Asia Pacific Market Analysis
This chapter will help you gain South America Market Analysis of Blood Banking and Blood Products. Further deep in this chapter, you will be able to review South America Blood Banking and Blood Products Market Split by various segments and Country Split.
Chapter 7 South America Market Analysis
This chapter will help you gain Middle East Market Analysis of Blood Banking and Blood Products. Further deep in this chapter, you will be able to review Middle East Blood Banking and Blood Products Market Split by various segments and Country Split.
Chapter 8 Middle East Market Analysis
This chapter will help you gain Middle East Market Analysis of Blood Banking and Blood Products. Further deep in this chapter, you will be able to review Middle East Blood Banking and Blood Products Market Split by various segments and Country Split.
Chapter 9 Africa Market Analysis
This chapter provides an in-depth analysis of the market share among key competitors of Blood Banking and Blood Products. The analysis highlights each competitor's position in the market, growth trends, and financial performance, offering insights into competitive dynamics, and emerging players.
Chapter 10 Competitor Analysis (Subject to Data Availability (Private Players))
(Subject to Data Availability (Private Players))
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
This chapter would comprehensively cover market drivers, trends, restraints, opportunities, and various in-depth analyses like industrial chain, PESTEL, Porter’s Five Forces, and ESG, among others. It would also include product life cycle, technological advancements, and patent insights.
Chapter 11 Qualitative Analysis (Subject to Data Availability)
Segmentation Type Analysis 2019 -2031, will provide market size split by Type. This Information is provided at Global Level, Regional Level and Top Countries Level The report with the segmentation perspective mentioned under this chapters will be delivered to you On Demand. So please let us know if you would like to receive this additional data as well. No additional cost will be applicable for the same.
Chapter 12 Market Split by Type Analysis 2022 - 2034
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Chapter 13 Market Split by Application Analysis 2022 - 2034
Chapter 14 Blood Banking and Blood Products Price Trend Analysis
Chapter 15 Blood Banking and Blood Products Import/Export Analysis
Chapter 16 Blood Banking and Blood Products Production Analysis
Chapter 17 Gap Analysis
Chapter 18 Strategy Analysis
Chapter 19 Profitability and Gross Margin Analysis
Chapter 20 TAM Analysis
This chapter helps you understand the Key Takeaways and Analyst Point of View of the global Blood Banking and Blood Products market
Chapter 21 Research Findings
Here the analyst will summarize the content of entire report and will share his view point on the current industry scenario and how the market is expected to perform in the near future. The points shared by the analyst are based on his/her detailed in-depth understanding of the market during the course of this report study. You will be provided exclusive rights to interact with the concerned analyst for unlimited time pre purchase as well as post purchase of the report.
Chapter 22 Research Methodology and Sources
1 Data Gathering
2 Data Validation
3 Data Presentation
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