Blood Transfusion Market is projected to grow at a CAGR of 6.30% to reach US$ 13.6 billion by 2034

Published Date: April 2024

Certain factors driving the market growth are an increasing number of surgical procedures, increasing accidents and trauma cases, the rise in several blood disorders, and technological development. The blood transfusion market is expanding due to various technological advancements. One of the emerging areas of research is the use of stem cell technology to develop lab-grown blood cells for human transfusion.Blood Transfusion Market was valued at US$ 7.8 billion in 2024 and is projected to grow at a CAGR of 6.30% to reach US$ 13.6 billion by 2034.

The report "Blood Transfusion Market, By Type (Blood Bag & Accessory, Blood Mixer, Fridge & Freezer, and Filter), By Application (Hospital, Ambulatory Surgical Centers, and Blood Bank), and By Region (North America, Europe, Asia Pacific, Latin America, and Middle East & Africa) - Trends, Analysis and Forecast till 2034"

Key Highlights:

  • In January 2020, Fresenius Kabi inaugurates €30 million expansion of transfusion and apheresis disposables plant in the Dominican Republic.
  • In April 2019, BD Unveils Platelet Quality Control Media to Help Reduce the Incidence of Sepsis in Patients Requiring Platelet Transfusion

Key Market Insights from the report:        

Blood Transfusion market accounted for US$ 7.8 billion in 2024 and is projected to register a moderate CAGR of 6.00% over the forecast period. The market report has been segmented on the type, application and region.

  • By type, the blood transfusion market is segmented into blood bag and accessory, blood mixer, fridge and freezer, and filter.
  • By application, the blood transfusion market is categorized into hospital, ambulatory surgical centres, and blood bank.
  • By region, North America is projected to lead the global blood transfusion market and is expected to remain dominant during the forecast period, due to an increasing number of trauma cases and surgical procedures.

Browse 60 market data tables* and 35 figures* through 140 slides and in-depth TOC on " Blood Transfusion Market, By Type (Blood Bag & Accessory, Blood Mixer, Fridge & Freezer, and Filter), By Application (Hospital, Ambulatory Surgical Centers, and Blood Bank), and By Region (North America, Europe, Asia Pacific, Latin America, and Middle East & Africa) - Trends, Analysis and Forecast till 2034"

The prominent player operating in the global Blood Transfusion market Immucor Inc., Becton Dickinson, Barun Melsungen AG, Terumo Corporation, Grifols SA, Kaneka Corporation, Fresenius Kabi, Haemonetics Corporation, Macopharma SA.

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