Blood Market
By Product;
Whole Blood Collection & Processing, Source Plasma Collection, Blood Typing Products and Blood Screening ProductsBy End User;
Blood & Blood Component Bank, Diagnostic Laboratories, Ambulatory Surgical Centers, Hospitals and OthersBy Geography;
North America, Europe, Asia Pacific, Middle East & Africa and Latin America - Report Timeline (2021 - 2031)Blood Market Overview
Blood Market (USD Million)
Blood Market was valued at USD 3,493.80 million in the year 2024. The size of this market is expected to increase to USD 4,628.64 million by the year 2031, while growing at a Compounded Annual Growth Rate (CAGR) of 4.1%.
Blood Market
*Market size in USD million
CAGR 4.1 %
| Study Period | 2025 - 2031 |
|---|---|
| Base Year | 2024 |
| CAGR (%) | 4.1 % |
| Market Size (2024) | USD 3,493.80 Million |
| Market Size (2031) | USD 4,628.64 Million |
| Market Concentration | High |
| Report Pages | 375 |
Major Players
- American Red Cross
- Abbott Laboratories
- Bio-Rad Laboratories
- CSL Behring
- Grifols
- Novartis International AG
- Terumo Corporation
- Johnson & Johnson
- Fresenius SE & Co. KGaA
- Octapharma AG
Market Concentration
Consolidated - Market dominated by 1 - 5 major players
Blood Market
Fragmented - Highly competitive market without dominant players
The Blood Market plays a crucial role in supporting medical treatments, emergency care, and surgical procedures. With over 60% of hospital interventions requiring blood or blood components, the demand for safe and effective blood management has surged. This growing reliance underscores the market’s expanding role in modern healthcare systems.
Rising Demand for Blood Components
The use of plasma, platelets, and red blood cells has seen rapid growth, with nearly 55% of transfusions involving specialized components rather than whole blood. This shift is driven by the increasing adoption of targeted therapies and precision medicine, which focus on improving patient outcomes while reducing unnecessary use of full blood units.
Technological Innovations Enhancing Blood Safety
Advancements in pathogen reduction technologies, automated blood collection, and digital inventory systems have transformed the blood industry. Around 45% of blood banks have already integrated automated screening and monitoring tools to ensure higher safety levels. These innovations help reduce risks while increasing the efficiency of donation and distribution processes.
Increasing Emphasis on Donor Engagement
Sustaining supply remains a priority, with over 40% of healthcare providers investing in advanced donor engagement programs. Digital platforms, mobile donation apps, and awareness campaigns have improved participation and retention rates. As more individuals recognize the life-saving value of donation, the blood market continues to strengthen its long-term foundation.
Blood Market Key Takeaways
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Growing incidence of chronic diseases, trauma cases and surgeries continues to drive global demand for blood collection, processing and transfusion services.
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Increasing adoption of advanced screening technologies and pathogen-reduction systems is improving blood safety and reducing transfusion-transmitted infection risks.
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Expansion of voluntary blood donation programs and public awareness initiatives is boosting donor participation, especially in developing healthcare regions.
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Rise in plasma-derived therapies and growing use of immunoglobulins, coagulation factors and albumin is strengthening demand for plasma collection and processing.
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Automation and digitalization in blood banks, including barcode-based tracking and smart inventory management, is enhancing efficiency and traceability in blood supply chains.
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Government and NGO initiatives to improve emergency blood availability and expand hospital blood banks are accelerating infrastructure growth in underserved markets.
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Providers offering integrated blood management systems, donor-care platforms and high-compliance screening technologies are positioned for stronger adoption as regulatory rigor intensifies.
Blood Market Recent Developments
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In May 2025, a healthcare diagnostics company expanded its blood testing and screening portfolio by introducing AI-assisted analyzers for rapid detection of hematologic and infectious conditions in clinical settings.
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In November 2024, a medical technology firm entered a strategic partnership with a blood bank network to deploy automated blood processing and storage systems, enhancing supply chain efficiency and transfusion safety.
Blood Market Segment Analysis
In this report, the Blood Market has been segmented by Product, End User and Geography.
Blood Market , Segmentation by Product
The Product axis covers core activities from collection to testing, each requiring specialized workflows, validated consumables, and quality control. Suppliers are investing in automation, high-throughput analyzers, and pathogen-reduction solutions to minimize risks and turnaround times. Strategic focus remains on interoperability with LIS/BIS systems, improved donor experience, and cost containment through standardized kits and service contracts.
Whole Blood Collection & ProcessingWhole Blood Collection & Processing underpins transfusion services through efficient phlebotomy, separation, and storage protocols. Modernization efforts prioritize apheresis-capable sites, optimized anticoagulants, and validated bags to extend shelf life and quality. Vendors collaborate with blood centers on staff training and analytics to reduce discard rates and align inventory with hospital demand patterns.
Source Plasma CollectionSource Plasma Collection supports plasma-derived therapies, requiring rigorous donor screening and GMP-compliant facilities. Network expansion into urban corridors, enhanced donor engagement programs, and scheduling apps improve throughput and retention. Operators deploy real-time compliance monitoring and data capture to meet fractionator specifications and international regulatory expectations.
Blood Typing ProductsBlood Typing Products are critical for safe transfusions, spanning reagents, gel cards, and automated platforms. Hospitals and labs seek high-specificity assays with streamlined workflows, integrating barcode tracking and middleware to reduce manual errors. Continuous improvements in rare antigen panels and quality controls support complex cases and reference laboratory services.
Blood Screening ProductsBlood Screening Products encompass serology and nucleic acid testing designed to detect transfusion-transmissible infections. Adoption of NAT and multiplex formats accelerates release decisions while maintaining sensitivity. Vendors differentiate via throughput, reagent stability, and service SLAs, enabling blood centers to manage peak drives and emergency surges effectively.
Blood Market , Segmentation by End User
The End User dimension highlights diverse operational needs across collection, diagnostics, and care delivery. Procurement priorities include regulatory compliance, uptime guarantees, and integration with electronic health records for end-to-end traceability. Training, preventive maintenance, and data-driven inventory planning are central to optimizing patient outcomes and financial sustainability.
Blood & Blood Component BankBlood & Blood Component Banks coordinate donor engagement, inventory management, and distribution to care sites. They invest in donor CRM, cold-chain monitoring, and hemovigilance reporting to meet accreditation benchmarks. Partnerships with community organizations and mobile units expand reach and stabilize supply during seasonal fluctuations.
Diagnostic LaboratoriesDiagnostic Laboratories require reliable typing and screening solutions integrated with LIS and automated sample handling. Emphasis on turnaround time and audit-ready documentation drives demand for standardized reagent kits and calibrators. Outsourcing models and reference lab alliances support complex panels and surge capacity for regional networks.
Ambulatory Surgical CentersAmbulatory Surgical Centers prioritize predictable access to components for planned procedures, supported by just-in-time logistics. Vendor programs focus on staff education for compatibility protocols, temperature assurance, and incident reporting. ASCs leverage nearby blood banks and courier integrations to balance cost, safety, and responsiveness.
HospitalsHospitals are major consumers, coordinating cross-matched components for emergency, oncology, and perioperative care. Integrated transfusion services, crossmatch automation, and physician decision-support reduce over-ordering and wastage. Strategic sourcing and vendor-managed inventory improve availability while aligning with stewardship and quality metrics.
OthersOthers include military, disaster-response agencies, and research institutes that require flexible, field-deployable solutions. Innovation spans portable coolers, rapid screening kits, and point-of-care compatibility tools to operate in austere environments. Framework agreements and mutual-aid compacts enhance readiness for mass-casualty scenarios and public health campaigns.
Blood Market , Segmentation by Geography
In this report, the Blood Market has been segmented by Geography into five regions: North America, Europe, Asia Pacific, Middle East and Africa and Latin America.
Regions and Countries Analyzed in this Report
North America
North America features advanced hemovigilance, high adoption of NAT screening, and robust donor outreach infrastructure. Strategic collaborations among blood centers and hospital systems streamline logistics and demand forecasting. Investment in automation and data integration supports stringent compliance and rapid response to seasonal and crisis-driven surges.
Europe
Europe benefits from harmonized quality standards, strong public-sector involvement, and centralized procurement programs. Emphasis on pathogen-reduction, sustainability in packaging, and cross-border contingency plans enhances resilience. Vendors align portfolios with national guidelines and e-procurement to optimize total cost of ownership.
Asia Pacific
Asia Pacific shows rapid capacity expansion driven by urbanization, public health initiatives, and rising surgical volumes. Priorities include donor awareness campaigns, cold-chain enhancement, and laboratory automation to handle growing test loads. Partnerships with international agencies and local manufacturers accelerate technology transfer and workforce development.
Middle East and Africa
Middle East and Africa focus on building national blood programs, improving donor retention, and upgrading screening capabilities. Public–private collaborations and mobile collection strategies extend reach to underserved areas. Efforts to strengthen cold-chain reliability and staff training improve safety and availability across varied clinical settings.
Latin America
Latin America advances through modernization of testing laboratories, standardization of protocols, and regional reference networks. Investments in LIS integration, donor education, and quality accreditation enhance trust and efficiency. Local manufacturing and strategic sourcing help mitigate currency and import-related cost pressures.
Market Trends
This report provides an in depth analysis of various factors that impact the dynamics of Global Blood Market. These factors include; Market Drivers, Restraints and Opportunities Analysis.
Drivers, Restraints and Opportunity Analysis
Drivers
- Increased healthcare demand
- Technological advancements
- Rising awareness campaigns
- Emerging markets growth
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Growing aging population : The growing aging population is a significant driver propelling the Global Blood Market forward. As populations worldwide continue to age, the demand for blood and blood products increases due to higher incidences of age-related health conditions and surgical procedures that necessitate blood transfusions. This demographic shift creates a sustained demand for blood supplies across healthcare systems globally, driving the need for efficient blood collection, processing, and distribution networks to meet healthcare demands effectively.
Advancements in medical technologies and treatments have expanded the indications for blood transfusions, contributing to the increased demand within the Global Blood Market. New surgical procedures, complex medical interventions, and advances in oncology treatments often require blood support, driving the need for reliable and accessible blood supplies. Healthcare providers are increasingly relying on blood products to improve patient outcomes, manage bleeding disorders, and support critical care interventions, further fueling the demand for blood in medical settings.
The aging population also presents opportunities for blood-related innovations, such as specialized blood products tailored to age-specific healthcare needs, advanced blood testing technologies, and targeted donor recruitment strategies. By addressing the unique challenges and opportunities presented by the aging demographic, the Global Blood Market can evolve to meet evolving healthcare demands effectively while ensuring the safety, quality, and availability of blood supplies for patients in need.
Restraints
- Supply shortages risk
- Regulatory challenges
- High storage costs
- Blood safety concerns
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Limited donor pool : The limited donor pool poses a significant challenge to the Global Blood Market. Despite the increasing demand for blood and blood products, there remains a shortage of regular blood donors in many regions. Factors contributing to the limited donor pool include lack of awareness about blood donation, misconceptions or fears about the donation process, and competing demands on individuals' time. This constraint creates a gap between blood supply and demand, leading to periodic shortages and challenges in meeting healthcare needs, especially during emergencies or peak demand periods.
Donor eligibility criteria, such as age restrictions, health requirements, and lifestyle considerations, further narrow the available donor pool. Restrictions on certain demographics, such as individuals with specific medical conditions, recent travel history, or lifestyle choices, limit the number of eligible donors. These constraints can impact the consistent supply of safe and compatible blood products, highlighting the need for innovative strategies to expand the donor base and address donor recruitment challenges in the Global Blood Market.
Regulatory complexities and safety standards in blood collection, processing, and distribution add to the restraints faced by the Global Blood Market. Stringent regulatory requirements, including screening tests, donor consent procedures, and quality control measures, aim to ensure blood safety and minimize transmission risks of infectious diseases. While these regulations are essential for maintaining blood quality and public health, they also contribute to operational challenges, compliance costs, and logistical constraints for blood collection agencies and healthcare facilities.
Opportunities
- Innovation in transfusion
- Gene-editing technologies
- Blood processing automation
- Expansion in emerging markets
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Donor recruitment strategies :The limited donor pool also presents opportunities for innovative donor recruitment strategies in the Global Blood Market. Outreach campaigns, community partnerships, and educational initiatives can raise awareness about the importance of blood donation, dispel myths or fears, and encourage regular blood donors. Targeted recruitment efforts focusing on specific demographics, such as young adults, corporate employees, or community groups, can help expand the donor base and ensure a sustainable supply of blood products.
Advancements in blood processing technologies and automation offer opportunities to streamline blood collection and processing workflows in the Global Blood Market. Automated blood collection systems, digital donor management platforms, and integrated supply chain solutions enhance efficiency, reduce manual errors, and optimize resource utilization. These innovations improve the overall blood supply chain resilience, ensuring timely access to safe and high-quality blood products for healthcare providers and patients.
Emerging technologies like gene-editing tools and artificial blood substitutes present futuristic opportunities in the Global Blood Market. Research and development in these areas aim to create synthetic blood products, enhance blood compatibility, and address blood supply challenges. While these technologies are in early stages of development, they hold promise for revolutionizing blood transfusion practices, mitigating donor-dependent limitations, and meeting evolving healthcare needs in a sustainable and innovative manner.
Blood Market Competitive Landscape Analysis
Blood Market is characterized by a competitive environment driven by strategic collaboration, advanced technological advancements, and rapid expansion across key regions. Major companies focus on innovation and specialized partnerships to strengthen their product portfolios. The market has shown steady growth with more than 45% of the share held by the top-tier players, reflecting a strong concentration of expertise.
Market Structure and Concentration
The market structure is notably consolidated, with leading firms capturing nearly 60% of the total share. Their strategic mergers and partnerships enhance operational efficiency and growth. These players continuously invest in innovation to maintain leadership. Smaller companies target niche segments to create competitive differentiation in this evolving market.
Brand and Channel Strategies
Market leaders adopt robust brand positioning and dynamic channel strategies to increase accessibility and customer engagement. A strong focus on partnerships with healthcare providers and distribution networks strengthens their presence. More than 55% of the market is driven by organized players utilizing strategic collaboration and targeted marketing to boost visibility and trust.
Innovation Drivers and Technological Advancements
Continuous technological advancements and process innovation play a pivotal role in shaping the competitive dynamics of the sector. Companies are integrating AI-based solutions and automated processing to improve efficiency and safety. Over 50% of investments are directed toward advanced platforms, enabling better operational strategies and higher quality standards.
Regional Momentum and Expansion
Regional expansion remains a crucial growth strategy as firms strengthen their presence in emerging and developed markets. Strategic collaboration with local healthcare systems ensures scalable distribution. More than 48% of the revenue originates from regions with robust infrastructure, highlighting the importance of localized strategies for sustained advantage.
Future Outlook
The future of the Blood Market is expected to witness accelerated growth through expanded partnerships, advanced digital infrastructure, and enhanced innovation in collection and processing. With over 52% of companies planning strategic expansions, the competitive environment will continue to evolve, driven by technology adoption and increased market concentration.
Key players in Blood Market include:
- Grifols
- Roche
- Abbott
- Bio-Rad Laboratories
- Immucor
- Danaher
- Siemens Healthineers
- Quotient
- Haemonetics
- Terumo
- Becton Dickinson
- B. Braun
- Fresenius
- Ortho Clinical Diagnostics
- CSL Behring
In this report, the profile of each market player provides following information:
- Market Share Analysis
- Company Overview and Product Portfolio
- Key Developments
- Financial Overview
- Strategies
- Company SWOT Analysis
- Introduction
- Research Objectives and Assumptions
- Research Methodology
- Abbreviations
- Market Definition & Study Scope
- Executive Summary
- Market Snapshot, By Product
- Market Snapshot, By End User
- Market Snapshot, By Region
- Blood Market Dynamics
- Drivers, Restraints and Opportunities
- Drivers
- Increased healthcare demand
- Technological advancements
- Rising awareness campaigns
- Growing aging population
- Emerging markets growth
- Restraints
- Supply shortages risk
- Regulatory challenges
- High storage costs
- Blood safety concerns
- Limited donor pool
- Opportunities
- Innovation in transfusion
- Donor recruitment strategies
- Blood processing automation
- Expansion in emerging markets
- Gene-editing technologies
- Drivers
- PEST Analysis
- Political Analysis
- Economic Analysis
- Social Analysis
- Technological Analysis
- Porter's Analysis
- Bargaining Power of Suppliers
- Bargaining Power of Buyers
- Threat of Substitutes
- Threat of New Entrants
- Competitive Rivalry
- Drivers, Restraints and Opportunities
- Market Segmentation
- Blood Market, By Product, 2021 - 2031 (USD Million)
- Whole Blood Collection & Processing
- Source Plasma Collection
- Blood Typing Products
- Blood Screening Products
- Blood Market, By End User, 2021 - 2031 (USD Million)
- Blood & Blood Component Bank
- Diagnostic Laboratories
- Ambulatory Surgical Centers
- Hospitals
- Others
- Blood Market, By Geography, 2021 - 2031 (USD Million)
- North America
- United States
- Canada
- Europe
- Germany
- United Kingdom
- France
- Italy
- Spain
- Nordic
- Benelux
- Rest of Europe
- Asia Pacific
- Japan
- China
- India
- Australia & New Zealand
- South Korea
- ASEAN (Association of South East Asian Countries)
- Rest of Asia Pacific
- Middle East & Africa
- GCC
- Israel
- South Africa
- Rest of Middle East & Africa
- Latin America
- Brazil
- Mexico
- Argentina
- Rest of Latin America
- North America
- Blood Market, By Product, 2021 - 2031 (USD Million)
- Competitive Landscape
- Company Profiles
- Grifols
- Roche
- Abbott
- Bio-Rad Laboratories
- Immucor
- Danaher
- Siemens Healthineers
- Quotient
- Haemonetics
- Terumo
- Becton Dickinson
- B. Braun
- Fresenius
- Ortho Clinical Diagnostics
- CSL Behring
- Company Profiles
- Analyst Views
- Future Outlook of the Market

