Global Blood Bank Reagent Market Growth, Share, Size, Trends and Forecast (2025 - 2031)

By Test Type;

ABO Typing, Antibody Screening, and Cross Matching Test.

By Reagents;

Anti-Sera Reagents, Reagent Red Blood Cells, Anti-Human Globulin, and Blood Bank Saline.

By Geography;

North America, Europe, Asia Pacific, Middle East and Africa, and Latin America - Report Timeline (2021 - 2031).
Report ID: Rn133964561 Published Date: February, 2025 Updated Date: March, 2025

Introduction

Global Blood Bank Reagent Market (USD Million), 2021 - 2031

In the year 2024, the Global Blood Bank Reagent Market was valued at USD 3974.39 million. The size of this market is expected to increase to USD 6465.97 million by the year 2031, while growing at a Compounded Annual Growth Rate (CAGR) of 7.2%.

The Global Blood Bank Reagent Market stands as a critical cornerstone in the healthcare landscape, providing essential support for blood donation, testing, and transfusion processes worldwide. With a growing emphasis on healthcare infrastructure and the increasing demand for blood-related products, the market for blood bank reagents is witnessing significant expansion. These reagents play a pivotal role in ensuring the safety, efficacy, and quality of blood products, thereby safeguarding public health and supporting medical interventions in diverse clinical settings.

Technological advancements and innovations have revolutionized the blood bank reagent market, enhancing the efficiency and accuracy of blood screening and compatibility testing procedures. Automation and molecular diagnostics have emerged as key drivers propelling the market forward, enabling faster turnaround times and reducing the risk of human error. Moreover, the rising prevalence of chronic diseases, coupled with an aging population, has fueled the demand for blood transfusions, further underscoring the importance of reliable blood bank reagents in healthcare systems worldwide.

However, despite the promising growth prospects, the blood bank reagent market faces certain challenges, including stringent regulatory requirements and concerns regarding the safety of blood products. Ensuring compliance with regulatory standards while simultaneously meeting the evolving needs of healthcare providers remains a key priority for market players. Additionally, disparities in access to blood banking facilities and reagents across different regions pose challenges to the market's equitable growth. Addressing these challenges necessitates collaborative efforts from stakeholders across the healthcare continuum to optimize blood bank operations and enhance patient care on a global scale.

  1. Introduction
    1. Research Objectives and Assumptions
    2. Research Methodology
    3. Abbreviations
  2. Market Definition & Study Scope
  3. Executive Summary
    1. Market Snapshot, By Test Type
    2. Market Snapshot, By Reagents
    3. Market Snapshot, By Region
  4. Global Blood Bank Reagent Market Dynamics
    1. Drivers, Restraints and Opportunities
      1. Drivers
        1. Increasing Demand for Blood Products
        2. Growing Awareness about Blood Safety
        3. Aging Population
      2. Restraints
        1. Regional Disparities in Access
        2. Limited Blood Donation Rates
        3. Risk of Transfusion-Transmitted Infections
      3. Opportunities
        1. Innovation in Reagent Formulation
        2. Rising Prevalence of Chronic Diseases
        3. Improving Healthcare Accessibility
    2. PEST Analysis
      1. Political Analysis
      2. Economic Analysis
      3. Social Analysis
      4. Technological Analysis
    3. Porter's Analysis
      1. Bargaining Power of Suppliers
      2. Bargaining Power of Buyers
      3. Threat of Substitutes
      4. Threat of New Entrants
      5. Competitive Rivalry
  5. Market Segmentation
    1. Global Blood Bank Reagent Market, By Test Type, 2021 - 2031 (USD Million)
      1. ABO Typing
      2. Antibody Screening
      3. Cross Matching Test
    2. Global Blood Bank Reagent Market, By Reagents, 2021 - 2031 (USD Million)
      1. Anti-Sera Reagents
      2. Reagent Red Blood Cells
      3. Anti-Human Globulin
      4. Blood Bank Saline
    3. Global Blood Bank Reagent Market, By Geography, 2021 - 2031 (USD Million)
      1. North America
        1. United States
        2. Canada
      2. Europe
        1. Germany
        2. United Kingdom
        3. France
        4. Italy
        5. Spain
        6. Nordic
        7. Benelux
        8. Rest of Europe
      3. Asia Pacific
        1. Japan
        2. China
        3. India
        4. Australia & New Zealand
        5. South Korea
        6. ASEAN (Association of South East Asian Countries)
        7. Rest of Asia Pacific
      4. Middle East & Africa
        1. GCC
        2. Israel
        3. South Africa
        4. Rest of Middle East & Africa
      5. Latin America
        1. Brazil
        2. Mexico
        3. Argentina
        4. Rest of Latin America
  6. Competitive Landscape
    1. Company Profiles
      1. Beckman Coulter
      2. Bio-Rad Laboratories Inc
      3. Cardinal Health
      4. Ortho Clinical Diagnostics
      5. Quotient Ltd
      6. Lorne Laboratories Limited
      7. Immucor Inc
      8. Thermo Fisher Scientific Inc
      9. bioMrieux Inc
  7. Analyst Views
  8. Future Outlook of the Market