Global Blood Processing and Storage Equipment Market Growth, Share, Size, Trends and Forecast (2025 - 2031)
By Product Type;
Freezers, Refrigerators, Warmers, Analyzers, Hematocrit Centrifuges, and Cell Processors.By End User;
Hospitals, Diagnostic Centers, Blood Banks, and Others.By Geography;
North America, Europe, Asia Pacific, Middle East and Africa, and Latin America - Report Timeline (2021 - 2031).Introduction
Global Blood Processing and Storage Equipment Market (USD Million), 2021 - 2031
In the year 2024, the Global Blood Processing and Storage Equipment Market was valued at USD 6711.24 million. The size of this market is expected to increase to USD 10360.83 million by the year 2031, while growing at a Compounded Annual Growth Rate (CAGR) of 6.4%.
The Global Blood Processing and Storage Equipment Market represents a critical segment within the broader healthcare industry, dedicated to ensuring the safety and availability of blood products for medical use. Blood processing and storage equipment encompass a wide array of devices and systems designed to handle blood collection, processing, storage, and transportation. This market plays a pivotal role in supporting healthcare systems worldwide by facilitating blood transfusions, aiding in the treatment of various medical conditions, and supporting emergency response efforts.
Advancements in medical technology and increasing demand for blood products have been significant driving forces behind the growth of the global market for blood processing and storage equipment. Technological innovations have led to the development of more efficient and reliable equipment, enhancing the safety and quality of blood products while streamlining the overall process. Moreover, rising healthcare expenditure, coupled with an aging population and the prevalence of chronic diseases, has fueled the demand for blood and blood-related products, driving the market's expansion.
Geographically, the market for blood processing and storage equipment exhibits a diverse landscape, with key players operating across regions to address varying healthcare needs and regulatory environments. North America and Europe traditionally hold significant market shares, attributed to well-established healthcare infrastructures and high adoption rates of advanced medical technologies. However, emerging economies in Asia-Pacific and Latin America are increasingly contributing to market growth, driven by improving healthcare infrastructure, growing medical tourism, and rising awareness about the importance of blood safety and availability. Overall, the global blood processing and storage equipment market are poised for continued growth, driven by technological advancements, increasing healthcare expenditure, and growing demand for blood products worldwide.
Global Blood Processing and Storage Equipment Market Recent Developments
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In January 2022, Hemanext Inc., a manufacturer of medical equipment, announced that the Association for the Advancement of Blood & Biotherapies ("AABB") had recognized Hemanext ONE, the company's cutting-edge blood processing and storage system, for compliance with its industry-recognized quality and safety standards SCoPE Programme. It was the first system to receive this certification for the Hemanext ONE technology, which offered both blood processing and storage. These regulatory approvals hastened commercial expansion.
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In July 2020, the U.S. Food & Drug Administration (FDA) granted 510(k) clearance to Beckman Coulter, Inc. for its PK7400 Automated Microplate System, a blood banking analyzer. With a maximum of 12 tests per sample and a throughput of up to 300 samples per hour, it offered the highest throughput in the industry for a single analyzer in its class. The assay menu included ABO blood grouping, Rh type, weak D testing, Rh-Kell phenotyping, syphilis, and CMV qualitative screening.
Segment Analysis
The Global Blood Processing and Storage Equipment Market is segmented by Product Type, End User, and Geography. In the Product Type segment, the market includes blood collection devices, blood processing machines, blood storage devices, and blood transfusion equipment. Blood collection devices are used to safely and efficiently collect blood donations, while blood processing machines are used to separate blood components such as plasma, red blood cells, and platelets. Blood storage devices, including refrigerators and freezers, ensure that collected blood and its components remain viable for future use. Blood transfusion equipment includes devices like infusion pumps and filters that help transfer blood products to patients safely. The growing demand for safe, effective blood storage and processing technologies is driven by the increasing need for blood and blood components in medical procedures and emergencies.
In the End User segment, the market is categorized into hospitals, blood banks, clinics, and research and academic institutes. Hospitals are major end users of blood processing and storage equipment, utilizing these devices for emergency treatments, surgeries, and chronic care. Blood banks serve as the primary collection, processing, and storage facilities, playing a pivotal role in blood supply chains. Clinics also rely on blood processing and storage equipment for routine procedures such as transfusions or minor surgeries. Research and academic institutes use these technologies for studies related to blood disorders, regenerative medicine, and hematology. The increasing demand for blood transfusions, along with advances in medical treatments, drives the market's growth across these varied sectors.
Geographically, the Global Blood Processing and Storage Equipment Market is segmented into North America, Europe, Asia-Pacific, Latin America, and Middle East & Africa. North America dominates the market due to a well-established healthcare system, advanced medical technologies, and a high prevalence of medical conditions requiring blood transfusions. Europe follows with significant market growth driven by supportive healthcare policies and increased demand for blood products in aging populations. The Asia-Pacific region is expected to experience rapid growth, fueled by expanding healthcare infrastructure, rising awareness about blood donation, and improving medical facilities. Latin America and Middle East & Africa show steady growth, driven by better healthcare access and blood collection initiatives in urban areas. Market development in these regions is supported by the increasing adoption of advanced blood processing and storage technologies.
Global Blood Processing and Storage Equipment Segment Analysis
In this report, the Global Blood Processing and Storage Equipment Market has been segmented by Product Type, End User and Geography.
Global Blood Processing and Storage Equipment Market, Segmentation by Product Type
The Global Blood Processing and Storage Equipment Market has been segmented by Product Type into Freezers, Refrigerators, Warmers, Analyzers, Hematocrit Centrifuges and Cell Processors.
These form the backbone of blood storage infrastructure, maintaining precise temperature conditions to ensure the long-term preservation of blood and blood components. They are essential for blood banks, hospitals, and research laboratories to store blood products safely until they are needed for transfusion or other medical procedures.
Vital for preparing blood for transfusion, warmers ensure that blood products are at the appropriate temperature before administration to patients. By bringing blood to the desired temperature range, warmers help maintain the integrity of the blood and improve patient comfort and safety during transfusion procedures.
Blood analyzers are indispensable for conducting tests and screenings on blood samples to assess various parameters such as blood type, compatibility, and disease markers. These devices play a critical role in ensuring the quality and safety of blood products before they are used for transfusion or other medical purposes.
These specialized centrifuges are designed to separate blood components based on their density, particularly red blood cells, plasma, and platelets. Hematocrit centrifuges are essential for diagnostic purposes, allowing healthcare professionals to analyze blood composition and make informed decisions about patient treatment and care.
Cell processors are advanced devices used in blood processing facilities to manipulate and modify specific blood components for various medical procedures. They are particularly valuable in stem cell therapy, tissue engineering, and other cutting-edge medical applications where precise control over cell populations is essential.
Global Blood Processing and Storage Equipment Market, Segmentation by End User
The Global Blood Processing and Storage Equipment Market has been segmented by End User into Hospitals, Diagnostic Centers, Blood Banks and Others.
Hospitals represent one of the largest segments of end-users for blood processing and storage equipment. These institutions utilize a wide range of equipment to support patient care, surgical procedures, emergency interventions, and other medical treatments that may require blood transfusions or blood-derived products. Hospitals require reliable blood storage infrastructure, analyzers for blood testing, and warmers for preparing blood for transfusion, among other equipment, to ensure the availability and safety of blood products for patient care.
Diagnostic centers play a critical role in healthcare by conducting a variety of tests and analyses to diagnose medical conditions accurately. Blood processing and storage equipment are essential components of diagnostic laboratories, enabling the screening of blood samples for various parameters such as blood type, infectious diseases, and biochemical markers. These facilities rely on analyzers, centrifuges, and other specialized equipment to perform blood tests efficiently and provide accurate diagnostic results to healthcare providers.
Blood banks are dedicated facilities responsible for collecting, processing, testing, and storing donated blood and blood products for transfusion. These institutions require specialized equipment to handle large volumes of blood donations, ensure the safety and quality of blood products, and maintain optimal storage conditions. Blood banks rely on freezers, refrigerators, centrifuges, and analyzers, among other equipment, to manage blood inventory and meet the demand for blood transfusions in healthcare settings.
The others category encompasses a variety of healthcare settings and institutions that utilize blood processing and storage equipment to varying degrees. This may include specialty clinics, research laboratories, outpatient centers, and emergency medical services, among others. These facilities may require specific types of equipment tailored to their unique needs and applications, such as cell processors for regenerative medicine research or portable analyzers for point-of-care testing in remote settings.
Global Blood Processing and Storage Equipment Market, Segmentation by Geography
In this report, the Global Blood Processing and Storage Equipment Market has been segmented by Geography into five regions; North America, Europe, Asia Pacific, Middle East and Africa and Latin America.
Global Blood Processing and Storage Equipment Market Share (%), by Geographical Region, 2024
North America holds a significant share of the global blood processing and storage equipment market, driven by well-established healthcare systems, high adoption rates of advanced technologies, and stringent regulations governing blood safety. The region is characterized by a strong presence of key market players and a robust network of blood banks, hospitals, and diagnostic centers. Continuous technological advancements, coupled with increasing healthcare expenditure and rising demand for blood-related products, contribute to market growth in this region.
Europe is another prominent market for blood processing and storage equipment, characterized by a diverse landscape of healthcare systems and regulatory frameworks across different countries. The region benefits from sophisticated healthcare infrastructure, comprehensive blood transfusion services, and a strong emphasis on blood safety and quality standards. Key market players in Europe focus on innovation and product development to meet evolving healthcare needs and regulatory requirements, driving market expansion in the region.
The Asia-Pacific region presents significant growth opportunities for the blood processing and storage equipment market, fueled by rapid economic development, expanding healthcare infrastructure, and increasing healthcare expenditure. Countries such as China, India, and Japan are at the forefront of market growth, supported by rising awareness about blood safety, growing demand for blood transfusions, and government initiatives to strengthen blood banking infrastructure. Market players are actively expanding their presence in the region through strategic partnerships, acquisitions, and product launches to capitalize on emerging opportunities.
The Middle East and Africa region exhibit a growing demand for blood processing and storage equipment, driven by improving healthcare access, rising prevalence of chronic diseases, and government initiatives to enhance blood transfusion services. Countries such as Saudi Arabia, South Africa, and the United Arab Emirates are witnessing significant investments in healthcare infrastructure and blood banking facilities, driving market growth in the region. However, challenges related to healthcare funding, infrastructure development, and regulatory compliance pose constraints to market expansion in some areas.
Latin America represents a dynamic market for blood processing and storage equipment, characterized by a mix of developed and emerging economies with varying healthcare needs and regulatory environments. The region benefits from increasing healthcare expenditure, rising demand for blood-related products, and efforts to improve blood safety and availability. Key market players are expanding their footprint in Latin America through strategic collaborations, distribution agreements, and investments in local manufacturing capabilities to address the growing demand for blood processing and storage equipment across the region.
Market Trends
This report provides an in depth analysis of various factors that impact the dynamics of Global Blood Processing and Storage Equipment Market. These factors include; Market Drivers, Restraints and Opportunities Analysis.
Drivers, Restraints and Opportunity Analysis
Drivers
- Technological Advancements
- Increasing Healthcare Expenditure
- Aging Population
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Rising Prevalence of Chronic Diseases - The rising prevalence of chronic diseases is a significant global health challenge, impacting individuals, communities, and healthcare systems worldwide. Chronic diseases, such as cardiovascular diseases, cancer, diabetes, and respiratory disorders, are characterized by long duration and generally slow progression. These conditions not only lead to significant morbidity and mortality but also impose a substantial economic burden on healthcare systems and society as a whole. The prevalence of chronic diseases has been steadily increasing over the past few decades, driven by various factors including aging populations, unhealthy lifestyles, urbanization, and changes in dietary habits.
In many parts of the world, demographic shifts, particularly aging populations, contribute significantly to the increasing prevalence of chronic diseases. As life expectancy rises and birth rates decline, the proportion of older adults in the population increases, leading to a higher prevalence of age-related chronic conditions. Moreover, urbanization and industrialization have resulted in lifestyle changes characterized by sedentary behavior, unhealthy diets, tobacco use, and alcohol consumption, all of which are major risk factors for chronic diseases. These lifestyle factors, coupled with genetic predispositions, environmental exposures, and socioeconomic determinants of health, contribute to the complex etiology of chronic diseases.
The rising prevalence of chronic diseases poses multifaceted challenges for healthcare systems, including the need for effective prevention, early detection, diagnosis, treatment, and management strategies. Healthcare providers and policymakers must address these challenges through comprehensive approaches that encompass health promotion, disease prevention, and integrated care models. Additionally, there is growing recognition of the importance of addressing social determinants of health, promoting healthy behaviors, and fostering environments that support healthy lifestyles. By addressing the underlying causes of chronic diseases and implementing evidence-based interventions, healthcare systems can mitigate the burden of these conditions and improve the health outcomes and quality of life for individuals and communities worldwide.
Restraints
- Budget Constraints in Healthcare Systems
- Limited Access to Advanced Technologies in Developing Regions
- Regulatory Compliance Challenges
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High Cost of Blood Processing Equipment - The high cost of blood processing equipment poses a significant challenge for healthcare facilities and blood banks worldwide. Blood processing equipment encompasses a range of sophisticated devices and systems essential for collecting, processing, testing, storing, and transporting blood and blood products. These include refrigerators, freezers, centrifuges, analyzers, cell processors, and other specialized equipment, each serving crucial functions in the blood management process. However, the substantial upfront investment required to procure and maintain this equipment can strain healthcare budgets, particularly in resource-limited settings and developing countries.
The high cost of blood processing equipment can be attributed to various factors, including research and development expenses, technological complexity, quality assurance requirements, regulatory compliance, and economies of scale. Manufacturers invest significant resources in designing, testing, and refining blood processing equipment to meet stringent safety and performance standards mandated by regulatory authorities. Additionally, ongoing maintenance, calibration, and quality control measures are necessary to ensure the reliability, accuracy, and safety of blood processing equipment throughout its operational lifespan.
The financial burden of acquiring and maintaining blood processing equipment can limit access to essential blood banking services, particularly in underserved communities and low-income regions. Healthcare facilities and blood banks may struggle to afford state-of-the-art equipment or may face challenges in securing adequate funding for equipment upgrades and replacements. As a result, there is a risk of outdated or suboptimal equipment compromising the quality and safety of blood products, potentially jeopardizing patient care and public health outcomes.
Opportunities
- Expansion in Emerging Markets
- Development of Portable and Point-of-Care Devices
- Advancements in Automation and Robotics
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Integration of Artificial Intelligence and Machine Learning - The integration of artificial intelligence (AI) and machine learning (ML) presents significant opportunities to revolutionize various aspects of blood processing and storage equipment, enhancing efficiency, accuracy, and safety across the entire blood management process. AI and ML algorithms can analyze vast amounts of data, identify patterns, and make predictions or recommendations, enabling smarter decision-making and automation of complex tasks. In the context of blood processing equipment, AI and ML technologies offer several promising applications:
AI algorithms can analyze equipment performance data in real-time, identifying potential issues or inefficiencies before they escalate into problems. Predictive maintenance models can anticipate equipment failures, allowing proactive maintenance to minimize downtime and ensure uninterrupted blood processing operations. ML algorithms can also optimize equipment settings and parameters to enhance efficiency and quality control, maximizing throughput and minimizing resource consumption.
AI-powered image recognition systems can automate the inspection and analysis of blood samples, detecting abnormalities or contaminants with high accuracy and reliability. ML algorithms can learn from past data to classify blood products based on quality parameters, flagging samples that may not meet safety standards or regulatory requirements. By streamlining quality control processes, AI and ML technologies can help ensure the safety and integrity of blood products, reducing the risk of transfusion-related adverse events.
AI algorithms can analyze historical usage patterns, seasonal trends, and demographic data to predict future demand for blood products accurately. ML models can optimize inventory management strategies, dynamically adjusting stock levels and distribution routes to meet anticipated needs while minimizing wastage and expiration. By leveraging predictive analytics, blood banks and healthcare facilities can maintain optimal inventory levels, ensuring sufficient supply of blood products while reducing storage costs and logistical challenges.
AI and ML technologies can automate and accelerate blood screening and typing processes, improving efficiency and accuracy in blood donor selection and compatibility testing. ML algorithms can analyze genetic and phenotypic data to predict blood types and antigen profiles, facilitating more precise matching of donor and recipient blood samples. By reducing human error and subjective interpretation, AI-powered screening systems can enhance blood safety and reduce the risk of transfusion reactions or complications.
Competitive Landscape Analysis
Key players in Global Blood Processing and Storage Equipment Market include;
- Bio-Rad Laboratories
- bioMérieux SA
- Becton Dickinson and Company
- Danaher Corporation
- Roche Holdings AG
- Immucor Inc
- Grifols International
- Terumo Corporation
- Macopharma SA
- Beurer GmbH
- Haemonetics Corporation
In this report, the profile of each market player provides following information:
- 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 Type
- Market Snapshot, By End User
- Market Snapshot, By Region
- Global Blood Processing and Storage Equipment Market Dynamics
- Drivers, Restraints and Opportunities
- Drivers
- Technological Advancements
- Increasing Healthcare Expenditure
- Aging Population
- Rising Prevalence of Chronic Diseases
- Restraints
- Budget Constraints in Healthcare Systems
- Limited Access to Advanced Technologies in Developing Regions
- Regulatory Compliance Challenges
- High Cost of Blood Processing Equipment
- Opportunities
- Expansion in Emerging Markets
- Development of Portable and Point-of-Care Devices
- Advancements in Automation and Robotics
- Integration of Artificial Intelligence and Machine Learning
- 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
- Global Blood Processing and Storage Equipment Market, By Product Type, 2021 - 2031 (USD Million)
- Freezers
- Refrigerators
- Warmers
- Analyzers
- Hematocrit Centrifuges
- Cell Processors
- Global Blood Processing and Storage Equipment Market, By End User, 2021 - 2031 (USD Million)
- Hospitals
- Diagnostic Centers
- Blood Banks
- Others
- Global Blood Processing and Storage Equipment 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
- 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
- Global Blood Processing and Storage Equipment Market, By Product Type, 2021 - 2031 (USD Million)
- Competitive Landscape
- Company Profiles
- Bio-Rad Laboratories
- bioMérieux SA
- Becton Dickinson and Company
- Danaher Corporation
- Roche Holdings AG
- Immucor Inc
- Grifols International
- Terumo Corporation
- Macopharma SA
- Beurer GmbH
- Haemonetics Corporation
- Company Profiles
- Analyst Views
- Future Outlook of the Market