Blood Banks Market

• In April 2022, The Scottish National Blood Transfusion Services launched an advertising campaign, " people like you," featuring blood donors from across Scotland. This campaign had the objective to recruit new blood donors and serve the hospitals with the blood demand in the hospitals.

• In September 2021, The Illinois Medical District (IMD) in Chicago partnered with the American Red Cross to encourage people from racial and ethnic minorities to donate blood.

In this report, the Blood Bank Market has been segmented by Product Type, Function, Bank Type, End User, and Geography.

Blood Bank Market, Segmentation by Product Type

The Blood Bank Market has been segmented by Product Type into Whole Blood, Red Blood Cell, Platelet, Plasma and White Blood cell.

Whole Blood
Whole Blood represents about 30% of the global blood bank market. It is widely used in trauma care and surgeries due to its ability to provide a complete blood profile, including red cells, white cells, plasma, and platelets. Its versatility makes it indispensable in emergency medical interventions.

Red Blood Cell
Red Blood Cells (RBCs) lead the market with a share of approximately 35%. These are frequently used for patients with anemia, significant blood loss, and chronic oxygen deficiency. Their stability and targeted function make RBCs a key product in transfusion medicine.

Platelet
Platelets contribute nearly 15% to the blood bank market. They are critical for patients undergoing chemotherapy, organ transplants, and complex surgeries. Owing to their limited shelf life, platelet availability remains a logistical challenge yet a vital necessity.

Plasma
Plasma accounts for nearly 17% of the market and is essential for patients with coagulation disorders, burns, and liver diseases. The demand for plasma is increasing with the rise in plasma-based therapies, thanks to its rich protein and clotting factor composition.

White Blood Cell
White Blood Cells (WBCs) comprise about 3% of the market. Though less commonly transfused, they are vital for specific immune-compromised cases such as bone marrow transplant recipients. Despite their niche application, they serve an irreplaceable role in critical care.

Blood Bank Market, Segmentation by Function

The Blood Bank Market has been segmented by Function into Collection, Processing, Testing, Storage, and Transportation.

Collection
Collection represents the largest share of around 32% in the functional segmentation of the blood bank market. It involves the systematic gathering of blood donations through donation drives and centers while maintaining hygiene and regulatory standards. Efficient collection is vital for ensuring a consistent and safe blood supply.

Processing
Processing, which contributes about 24% of the market, focuses on separating whole blood into its individual components like red blood cells, platelets, and plasma. This step ensures optimal utilization and supports targeted treatment for various medical conditions.

Testing
Testing holds approximately 18% of the market. It plays a critical role in verifying the safety and quality of collected blood through rigorous screening for infectious diseases. This function ensures only safe and compatible blood is used in medical procedures.

Storage
Storage accounts for nearly 16% of the market share. Blood components must be stored under controlled conditions to maintain their viability. Proper storage infrastructure is crucial to reduce wastage and ensure emergency readiness.

Transportation
Transportation, with a 10% share, ensures the safe and timely delivery of blood and its components to healthcare facilities. The use of insulated containers and temperature monitoring systems is vital to maintain the efficacy of blood during transit.

Blood Bank Market, Segmentation by Bank Type

The Blood Bank Market has been segmented by Bank Type into Private and Public.

Private
Private blood banks hold the majority share of the market, accounting for approximately 58%. These institutions are managed by for-profit entities and are known for offering advanced infrastructure, quick service delivery, and personalized care. They are commonly chosen by patients and healthcare providers for emergency and elective procedures requiring specific blood components.

Public
Public blood banks represent about 42% of the market. Typically run by government agencies or non-profit organizations, they are essential for ensuring an equitable and reliable blood supply across public hospitals. These banks focus on large-scale donations and distribution as part of national healthcare programs.

Blood Bank Market, Segmentation by End User

The Blood Bank Market has been segmented by End User into Hospital, Ambulatory Surgery Centers, Pharmaceutical Companies, Clinics & Nursing Homes, and Others.

Hospital
Hospitals are the primary end users in the blood bank market due to their high demand for blood transfusions during surgeries, trauma care, and treatments of chronic diseases. They account for nearly 35% of the total end-user share. Their dependence on a steady blood supply makes them critical players in this ecosystem.

Ambulatory Surgery Centers
Ambulatory Surgery Centers (ASCs) utilize blood components for minor to moderate procedures and are gaining traction with the rise in outpatient surgeries. They contribute around 15% to the market share and emphasize efficiency and quick turnaround times in blood usage.

Pharmaceutical Companies
Pharmaceutical companies are key end users, especially in biologic drug development and plasma-derived therapies. With around 12% market share, they rely on blood-derived materials for research and manufacturing, making them a growing segment.

Clinics & Nursing Homes
Clinics and nursing homes often require limited quantities of blood for routine treatments and elderly care. Though smaller in volume, they collectively represent 10% of the market. Their reliance is mainly on pre-screened blood products.

Others
This segment includes diagnostic labs, research institutions, and emergency services. Combined, they account for roughly 28% of the market and play a critical role in specialized blood testing and public health preparedness.

Blood Bank Market, Segmentation by Geography

In this report, the Blood Bank Market has been segmented by Geography into five regions; North America, Europe, Asia Pacific, Middle East and Africa, and Latin America.

Blood Bank Market Share (%), by Geographical Region

North America
North America holds the largest share in the global blood bank market, contributing nearly 38% due to its advanced healthcare infrastructure, strong regulatory framework, and high awareness levels. The region benefits from a well-established blood donation network and rapid adoption of automation technologies.

Europe
Europe commands around 25% of the market, supported by government-funded healthcare systems and stringent blood safety regulations. The demand is driven by a growing aging population, increasing chronic conditions, and consistent efforts in blood storage and quality control.

Asia Pacific
Asia Pacific is the fastest-growing region, expected to witness a CAGR of over 7% in the coming years. The growth is fueled by rising healthcare expenditure, increased blood donation awareness, and supportive government initiatives, especially in countries like India and China.

Middle East and Africa
The Middle East and Africa collectively account for 6%–8% of the market. Growth in this region is primarily due to infrastructure development, increasing prevalence of communicable diseases, and growing public-private partnerships in healthcare services.

Latin America
Latin America holds a modest market share of around 5%, driven by gradual improvements in healthcare accessibility and blood screening processes. Countries like Brazil and Mexico are contributing through national blood programs and public health campaigns.