Global Patient Blood Management
Market Report
2024
The patient blood management market was valued at USD 12.93 billion in 2022 and will reach USD 20.60 billion by 2030, registering a CAGR of 6% for the forecast period 2023-2030.
The base year for the calculation is 2023 and 2019 to 2023 will be historical period. The year 2024 will be estimated one while the forecasted data will be from year 2025 to 2031. When we deliver the report that time we updated report data till the purchase date.
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The patient blood management market was valued at USD 12.93 billion in 2022 and will reach USD 20.60 billion by 2030, registering a CAGR of 6% for the forecast period 2023-2030.
Base Year | 2023 |
Historical Data Time Period | 2019-2023 |
Forecast Period | 2024-2031 |
Global Patient Blood Management Market Sales Revenue 2021 | $ 12.13 Billion |
Global Patient Blood Management Market Sales Revenue 2030 | $ 23.56 Billion |
Global Patient Blood Management Market Compound Annual Growth Rate (CAGR) for 2024 to 2031 | 6.22% |
Market Split by Product Type |
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Market Split by Component |
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Market Split by End-User |
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List of Competitors |
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Regional Analysis |
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Country Analysis |
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Key Qualitative Information Covered |
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Patient Blood Management Market is Segmented as below. Particular segment of your interest can be provided without any additional cost. Download the Sample Pages!
Patient blood management (PBM) is a procedure in which maximum use of a patient's own blood is obtained to avoid unnecessary blood transfusions during surgery. Patient blood management helps to reduce healthcare costs and ensures the availability of blood components to the patient. The rising recognition of the importance of donated blood from the many sectors of the healthcare system, placenta research, and life sciences for the development of the medical industry is a significant factor in boosting the growth of the Patient blood management Market.
118.5 million blood donations are collected globally, and 40% of these are collected in high-income countries. Based on samples of 1000 people, the blood donation rate is 31.5 in high-income countries, 16.4 in upper-middle-income countries, 6.6 in lower-middle-income countries, and 5.0 in low-income countries. An increase of 10.7 million blood donations from voluntary unpaid donors has been reported from 2008 to 2018. In total, 79 countries collect over 90% of their blood supply from voluntary unpaid blood donors; however, 54 countries collect more than 50% of their blood supply from family/replacement or paid donors. Increase in blood donations and donors fuelling the patient blood management market revenue growth.
The rising prevalence of cancer, anemia, and the growth of geriatric patients who are susceptible to various diseases are the factors that bolster the Patient Blood Management market growth. Growing incidence of hemophilia B, anemia, lymphoma, and HIV/AIDS that require blood, rise in the prevalence of chronic liver diseases that require plasma for their treatment these factors drive the market's growth. The rising incidence of trauma and accidents, and an increase in initiatives taken by the government for the development of modern technologies and devices from major market players are likely to boost the growth of the patient blood management market during the forecast period.
A unit of blood usually costs about US$ 200 to US$ 300.There are added costs for storage and processing, as well as hospital and equipment fees. Costs can be much higher if the transfusion causes an infection or serious health issue. According to the study, when all activities involved in blood transfusion are considered, the estimated price of transfusion of one unit of red cells is between US$ 700 to US$ 1,200. Appropriate Diagnostic tests and specific medical devices, minimizing intraoperative blood transfusion by using autologous blood products whenever possible, standardizing their use, and optimizing postoperative intravenous fluid management these factors can reduce the cost.
The COVID-19 pandemic impacted the blood supply chain. Disruption and shortages created by infection-limiting practices by healthcare facilities. That leads to reduced blood donation. In March 2020, social distancing started in response to healthcare facilities canceling surgical procedures and nonessential care. COVID-19 highlighted the need for patient blood management guidelines to be mainstream practice. These guidelines strongly support consistent blood supply and blood management.
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The contract is made with Medical Technology Enterprise Consortium (METEC) sponsored by the Defense Health Agency (DHA) and managed by the Naval Medical Research Center (NMRC) to drive healthcare advances for the battlefield.
A long-time agreement has been signed between the Canadian blood service and Grifols, a major market player in plasma medicines which will lead to a significant increase in immunoglobulin medicines and vital plasma protein this will ensure domestic plasma self-sufficiency.
Top Companies Market Share in Patient Blood Management Industry: (In no particular order of Rank)
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The patient blood management market is analyzed across Asia-pacific, Europe, North America, and Latine America. Asia-pacific contributed the largest share of revenue of the patient blood management market. The increase in the incidence of HIV/AIDS and tuberculosis, the growth in the number of geriatric patients susceptible to diseases like anemia, and the rise in purchasing power in highly populated countries like India and China are the major factors for the growth of the demand for patient blood management.
The current report Scope analyzes Patient Blood Management Market on 5 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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Global Patient Blood Management Market Report 2024 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 Patient Blood Management Industry growth. Patient Blood Management market has been segmented with the help of its Product Type, Component End-User, and others. Patient Blood Management 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.
The product segment is expected to have the largest market share during the forecast period
Instruments, ventilators, accessories, reagents & kits, and software are the several market segments in the patient blood management market. Due to a growth in trauma cases, the existence of numerous government organizations that control blood banks, and an increase in the need for blood following surgery, the instruments segment generated the most revenue. Due to the increased use of reagents and kits, growth in bloodstream infection, and rise in sepsis incidence, the reagents and kits segment is anticipated to experience the greatest CAGR throughout the projection period.
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The whole blood component segment accounted for the largest share of the market
Based on components, the market is broadly divided into Whole blood and blood component. In blood transfusion, Healthy volunteers help replace red cells, platelets, and other components by donating them. The increasing prevalence of diseases like anemia, Thrombocytopenia, and leukopenia are the major factor in the growth of the component segment. however, in chemotherapy drugs can temporarily impair blood cell production and lowers the immune system function. The rising incidence of cancer and growth in geriatric patients is the factor that can bolster the component segment in the forecast period.
The above Graph is for representation purposes only. This chart does not depict actual Market share. Please purchase the Patient Blood Management market report 2024 Edition by contacting our team.
The blood bank segment is expected to rise at a faster rate
Based on end-user, the patient blood management market is broadly divided into blood banks, hospitals, pathology labs, and diagnostic clinics. The blood bank segment contributed the largest patient blood management market share. Also, the segment is estimated to achieve the highest CAGR in the forecast period. Growing demand for blood transfusion and a rise in blood donation are major factors for the expansion of this segment.
Research Associate at Cognitive Market Research
Anushka Gore is a seasoned market researcher specializing in the dynamic landscape of the Pharmaceutical industry. With a keen analytical mind and a deep passion for healthcare advancements, she has dedicated herself unraveling the intricate market trends and consumer behaviors that shape the future of medical technologies and services.
Anushka is a highly motivated and detail-oriented research analyst with a passion for uncovering valuable insights from data. Her expertise in Market Research and business intelligence has equipped her with the skills necessary to analyze complex information and provide strategic recommendations. She thrives in dynamic environments where her analytical abilities and research expertise can contribute to informed decision-making for businesses
I played a pivotal role in conducting market research and competitive analysis. I have a demonstrated ability to synthesize diverse data sources, identify trends, and translate findings into actionable recommendations. My collaborative approach facilitated effective communication of insights, fostering a data-driven culture within the organization. I am committed to maintaining excellence through continuous learning and staying ahead of industry trends. Regular participation in conferences and professional development opportunities keeps my skills sharp and relevant.
Our study will explain complete manufacturing process along with major raw materials required to manufacture end-product. This report helps to make effective decisions determining product position and will assist you to understand opportunities and threats around the globe.
The Global Patient Blood Management Market is witnessing significant growth in the near future.
In 2023, the Accessories segment accounted for noticeable share of global Patient Blood Management Market and is projected to experience significant growth in the near future.
The Plasma segment is expected to expand at the significant CAGR retaining position throughout the forecast period.
Some of the key companies SpecialityCare, Baden Wuerttemberg Hessen and others are focusing on its strategy building model to strengthen its product portfolio and expand its business in the global market.
Disclaimer:
Product Type | Accessories, Reagents and Kits, Software, Instruments |
Component | Plasma, Whole Blood |
End-User | Hospitals, Pathology Labs, Diagnostic Clinics, Blood Banks |
List of Competitors | SpecialityCare, Haemonetics Corporation, Baden Wuerttemberg Hessen, UPMC, B BRAUN, Instrumentation Laboratory |
This chapter will help you gain GLOBAL Market Analysis of Patient Blood Management. Further deep in this chapter, you will be able to review Global Patient Blood Management Market Split by various segments and Geographical Split.
Chapter 1 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.
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Global Market Dynamics, Trends, Drivers, Restraints, Opportunities, Only Pointers will be deliverable
Chapter 2 North America Market Analysis
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Qualitative Analysis for the North America Market: North America Patient Blood Management Market Trends North America Patient Blood Management Technological Road Map North America Patient Blood Management Market Drivers North America Patient Blood Management Market Restraints North America Patient Blood Management Market Opportunity Market Attractiveness Analysis COVID – 19 Impact Analysis PESTEL Analysis Porter’s Five Forces Analysis Product Life Cycle Industrial Chain Analysis
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Chapter 3 Europe Market Analysis
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Chapter 4 Asia-Pacific Market Analysis
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Chapter 5 South America Market Analysis
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Chapter 6 Middle East and Africa Market Analysis
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Only Available with Corporate User License
Chapter 7 Top 10 Countries Analysis
Competitor's Market Share and Revenue (Subject to Data Availability for Private Players)
Chapter 8 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.
Chapter 9 Qualitative Analysis (Subject to Data Availability)
Segmentation Product Type Analysis 2019 -2031, will provide market size split by Product 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 10 Market Split by Product Type Analysis 2019 -2031
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Chapter 11 Market Split by Component Analysis 2019 -2031
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Chapter 12 Market Split by End-User Analysis 2019 -2031
This chapter helps you understand the Key Takeaways and Analyst Point of View of the global Patient Blood Management market
Chapter 13 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.
Why Accessories have a significant impact on Patient Blood Management market? |
What are the key factors affecting the Accessories and Reagents and Kits of Patient Blood Management Market? |
What is the CAGR/Growth Rate of Plasma during the forecast period? |
By type, which segment accounted for largest share of the global Patient Blood Management Market? |
Which region is expected to dominate the global Patient Blood Management Market within the forecast period? |
Segmentation Level Customization |
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Region level Data Customization |
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Country level Data Customization |
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Company Level |
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Additional Data Analysis |
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Additional Qualitative Data |
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Additional Quantitative Data |
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