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

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.

A blood transfusion is a technique that involves injecting whole blood or components of blood into a patient's circulation via a vein. The blood may have been drawn from the patient and kept until it was required, or it may have been donated by someone else. A transfusion might take one to four hours, depending on how much blood the patient needs. An estimated 5 million Americans require blood transfusions annually, which is generally safe. Transfusions are used to treat bleeding illnesses such as hemophilia and cancer, as well as anemia and sickle cell disease.

The increased incidence of infectious and chronic illnesses such as severe anemia, cancer, liver disease, severe infection, sickle cell disease, hemophilia, kidney disease, and thrombocytopenia, as well as the introduction of high-tech products, are some of the factors driving the demand for blood transfusions. A spike in transfusions brought on by births, surgeries, procedures, and traffic accidents drives the blood transfusion market. Another significant aspect impacting market development is the rise in blood donation campaigns. Although, as the rate of blood transfusions increases, the frequency of blood-borne diseases also increases, which arise due to infections caused during the process of blood transfusion.

The market for blood transfusions is still changing as a result of clinical research, technology advancements, and changes in healthcare that prioritize patient safety, personalized therapy, and environmentally friendly transfusion procedures. To advance blood transfusion technology, improve transfusion outcomes, and guarantee patients around the world have access to safe and effective blood products, collaboration among blood collection agencies and blood banks is necessary.

Disclaimer: This data is only a representation. Actual data may vary and will be available in the report.

Blood Transfusion Market Key Drivers:

Growing incidents of chronic illnesses

• As chronic illnesses, including cancer, heart disease, and blood disorders, become more common, regular blood transfusions become even more necessary as part of treatment. Six out of ten individuals in the United States have a chronic illness (heart disease, cancer, stroke, diabetes, or chronic kidney disease), and four out of ten persons have two or more chronic diseases, according to the CDC's National Center for Chronic Disease Prevention and Health Promotion.
• Chronic illnesses account for $4.1 trillion of the U.S. yearly health care budget and are one of the leading causes of disability in the country. Blood transfusion kits are in high demand as a result of the increasing prevalence of these disorders, providing a lifeline for those facing serious health difficulties.
• As chronic illnesses become more common, blood transfusion kits become even more crucial in helping individuals in need receive the attention and assistance they require, ultimately leading to better healthcare outcomes.

Severe blood loss due to life-threatening road injuries

• People injured in road accidents suffer significant financial losses, as do their families and nations. These losses result from the expense of medical care, lost wages for individuals who are killed or rendered unable to work, and lost productivity for family members who must miss work or school to care for the injured. An estimated 1.19 million individuals lose their lives in traffic crashes each year, according to the World Health Organization (WHO).
• There are an additional 20 to 50 million non-fatal injury cases, many of which result in disability. Most road accidents are fatal with severe blood loss, and often, the victim is required to administer blood externally. Therefore, a significant volume of blood must be transfused. Consequently, the market for blood transfusions is driven by the injuries caused by automobile accidents.

Blood Transfusion Market Restrains:

Potential blood-borne infections            

• Blood transfusions include injecting a person's blood intravenously into their body. Transfusion-transmitted illnesses (TTIs) are described as potential infectious agents such as viruses, bacteria, and parasites that might be passed to the recipient patient by blood transfusions.
• During various procedures, such as blood bank storage, blood transportation, or even transfusion, these pathogens may enter the blood and then enter the patient's circulatory system, resulting in infections such as fever, viral and infection illnesses, allergic reactions, and blood-borne diseases brought on by blood transfusion. This is a significant barrier preventing the market to grow for blood transfusions.

Blood Transfusion Market is segmented based on Type, Application and region:

Type Insights:

• Blood Bag & Accessory:

This market segment covers items used in blood transfusions, such as blood bags, tubing sets, and other accessories. The necessity for safe and effective blood storage and transportation and the rising number of blood transfusions are among the primary causes of demand for these items.

• Blood Mixer:

Blood mixers are perfect for combining viscous materials, liquid-solid suspensions, and blood samples, especially when little aeration is needed to prevent blood clots. They can also help thaw samples.

• Fridge & Freezer:

Blood fridges and freezers keep blood components at the proper temperature. These refrigerators, which satisfy the strictest regulatory standards, are specifically made for blood banks, hospitals, blood transfusion services, and blood processing facilities.

• Filter:

Blood filters are used to eliminate non-blood particle matter and blood cells with larger-diameter, retained blood component micro-aggregate materials that might be dangerous to the receivers.

Among the segments mentioned above, the one that dominated the market is the Blood Bag and accessory segment, as they perform a crucial role in blood collection, storage, and transfusion. They are used in a wide array of medical applications, such as surgeries, cancer treatments, trauma surgeries, and organ transplants.

Application Insights:

• Hospital:

Hospitals are the leading end-users that offer comprehensive blood transfusion services. Their significant market share is explained by the fact that they serve a wide range of patients with different healthcare needs, handle complex situations, perform surgical procedures, and provide long-term care for patients with fatal injuries and chronic illnesses that call for an immediate blood transfusion.

• Ambulatory Surgical Centers:

Ambulatory Surgical Centers (ASCs) specialize in minimally invasive therapies and outpatient procedures. They provide instant preliminary Point-of-Care treatment to emergency patients. 

• Blood Bank:

Blood Banks offer blood product services for efficient storage and supply of blood to hospitals, clinics, and other institutions wherever it is required. They play a crucial role in ensuring the blood and blood components are safely supplied to patients in need.

Among the segments mentioned above, the hospital segment dominates the market due to the increasing occurrences of trauma and accident cases, growing patient pool, and high concentration of qualified and professional personnel.

Regional Insights:

Disclaimer: This data is only a representation. Actual data may vary and will be available in the report.

Blood Transfusion Market Regional Insights

• North America's market is estimated to witness a significantly large revenue share over the forecast period because of the region's aging population, rising prevalence of chronic illness, and increasing healthcare costs in the United States and Canada.
• Asia Pacific market is estimated to witness fastest revenue share because of the advancements in healthcare infrastructures of the emerging nations, rising disposable income, and improved healthcare facilities.
• Europe offers lucrative market opportunities owing to its established healthcare infrastructure, rapid blood transfusion services, widespread blood donation networks, and rising awareness about chronic disorders.
• Latin America market is increasing gradually due to the improving healthcare facilities, growing healthcare spending, and rising number of blood banks in the region.
• The Middle East and Africa market is an emerging market due to developing healthcare infrastructure, rising awareness of chronic disorders, and government initiatives regarding blood donation.

Report Scope:

Attribute	Details
Market Size 2024	US$ 7.8 billion
Projected Market Size 2034	US$ 13.6 billion
CAGR Growth Rate	6.30%
Base year for estimation	2023
Forecast period	2024 – 2034
Market representation	Revenue in USD Billion & CAGR from 2024 to 2034
Market Segmentation	By Type - Blood Bag & Accessory, Blood Mixer, Fridge & Freezer, and Filter. By Application - Hospital, Ambulatory Surgical Centers, and Blood Bank.
Regional scope	North America - U.S., Canada Europe - UK, Germany, Spain, France, Italy, Russia, Rest of Europe Asia Pacific - Japan, India, China, South Korea, Australia, Rest of Asia-Pacific Latin America - Brazil, Mexico, Argentina, Rest of Latin America Middle East & Africa - South Africa, Saudi Arabia, UAE, Rest of Middle East & Africa
Report coverage	Revenue forecast, company share, competitive landscape, growth factors, and trends

Segments Covered in the Report:

This report forecasts revenue growth at global, regional, and country levels and provides an analysis of the latest industry trends and opportunities in each of the sub-segments from 2024 to 2034. For the purpose of this study, has segmented the Blood Transfusion Market report based on Type, Application and region:

Blood Transfusion Market, By Type:

• Blood Bag & Accessory
• Blood Mixer
• Fridge & Freezer
• Filter

Blood Transfusion Market, By Application:

• Hospital
• Ambulatory Surgical Centers
• Blood Bank

 Blood Transfusion Market, By Region:

• North America
  • U.S.
  • Canada
• Europe
  • Germany
  • UK
  • France
  • Russia
  • Italy
  • Rest of Europe
• Asia Pacific
  • China
  • India
  • Japan
  • South Korea
  • Rest of Asia Pacific
• Latin America
  • Brazil
  • Mexico
  • Rest of Latin America
• Middle East & Africa
  • GCC
  • Israel
  • South Africa
  • Rest of Middle East & Africa

The key players operating the Blood Transfusion Market include Immucor Inc., Becton Dickinson, Braun Melsungen AG, Terumo Corporation, Grifols SA, Kaneka Corporation, Fresenius Kabi, Haemonetics Corporation, Macopharma SA, and ICU Medical.

• In April 2021, CSL and Terumo announced their partnership to bring the new plasma collection platform to CSL Plasma U.S. collection locations. In the Denver, Colorado, region, CSL Plasma will be the first to introduce the new technology to the market. In 2022–2023, the company plans to adopt the device throughout all US CSL Plasma facilities fully.

• Immucor Inc.*
  • Company Overview
  • Product Portfolio
  • Key Highlights
  • Financial Performance
  • Business Strategies
• Becton Dickinson
• Braun Melsungen AG
• Terumo Corporation
• Grifols SA
• Kaneka Corporation
• Fresenius Kabi
• Haemonetics Corporation
• Macopharma SA
• ICU Medical

 "*" marked represents similar segmentation in other categories in the respective section.

1. Research Objective and Assumption
   • Preface
   • Research Objectives
   • Study Scope
   • Years Considered for the study
   • Assumptions
   • Abbreviations
2. Research Methodology
   • Research data
   • Primary Data
     • Primary Interviews
     • Primary Breakdown
     • Key data from Primary Sources
     • Key Industry Insights
   • Secondary Data
     • Major Secondary Sources
     • Secondary Sources
   • Market Estimation
   • Top-Down Approach
     • Approach for estimating Market Share by Top-Down Analysis (Supply Side)
   • Bottom-Up Approach
     • Approach for estimating market share by Bottom-up Analysis (Demand Side)
   • Market Breakdown and Data Triangulation
   • Research Assumptions
3. Market Preview
   • Executive Summary
   • Key Findings—Global Outlook for Blood Transfusion Strategies
     • Key Questions this Study will Answer
     • Market Snippet, By Type
     • Market Snippet, By Application
     • Market Snippet, By Region
   • Opportunity Map Analysis
   • Executive Summary—3 Big Predictions
4. Market Dynamics, Regulations, and Trends Analysis
   • Market Dynamics
     • Drivers
     • Restraints
     • Market Opportunities
     • Market Trends
   • DR Impact Analysis
   • PEST Analysis
   • Porter’s Five Forces Analysis
   • Opportunity Orbit
   • Market Investment Feasibility Index
   • Macroeconomic Factor Analysis
5. Market Segmentation, By Type, 2020 – 2030, (US$ Mn)
   • Overview
     • Market Value and Forecast (US$ Mn), and Share Analysis (%), 2020 – 2030
     • Y-o-Y Growth Analysis (%), 2020 – 2030
     • Segment Trends
   • Blood Bag and Accessory
     • Overview
     • Market Size and Forecast (US$ Mn), and Y-o-Y Growth (%), 2020 – 2030
   • Blood Mixer
     • Overview
     • Market Size and Forecast (US$ Mn), and Y-o-Y Growth (%), 2020 – 2030
   • Fridge and Freezer
     • Overview
     • Market Size and Forecast (US$ Mn), and Y-o-Y Growth (%), 2020 – 2030
   • Filter
     • Overview
     • Market Size and Forecast (US$ Mn), and Y-o-Y Growth (%), 2020 – 2030
6. Market Segmentation, By Application, 2020 – 2030, (US$ Mn)
   • Overview
     • Market Value and Forecast (US$ Mn), and Share Analysis (%), 2020 – 2030
     • Y-o-Y Growth Analysis (%), 2020 – 2030
     • Segment Trends
   • Hospital
     • Overview
     • Market Size and Forecast (US$ Mn), and Y-o-Y Growth (%), 2020 – 2030
   • Ambulatory Surgical Centers
     • Overview
     • Market Size and Forecast (US$ Mn), and Y-o-Y Growth (%), 2020 – 2030
   • Blood Bank
     • Overview
     • Market Size and Forecast (US$ Mn), and Y-o-Y Growth (%), 2020 – 2030
7. Global Market, By Region, 2020 – 2030, (US$ Mn)
   • Overview
     • Market Value and Forecast (US$ Mn), and Share Analysis (%), 2020 – 2030
     • Y-o-Y Growth Analysis (%), 2020 – 2030
     • Regional Trends
   • North America
     • Market Size and Forecast (US$ Mn), By Type, 2020 – 2030
     • Market Size and Forecast (US$ Mn), By Application, 2020 – 2030
     • Market Size and Forecast (US$ Mn), By Country, 2020 – 2030
       • U.S.
       • Canada
   • Europe
     • Market Size and Forecast (US$ Mn), By Type, 2020 – 2030
     • Market Size and Forecast (US$ Mn), By Application, 2020 – 2030
     • Market Size and Forecast (US$ Mn), By Country, 2020 – 2030
       • Germany
       • UK
       • France
       • Russia
       • Italy
       • Rest of Europe
   • Asia Pacific
     • Market Size and Forecast (US$ Mn), By Type, 2020 – 2030
     • Market Size and Forecast (US$ Mn), By Application, 2020 – 2030
     • Market Size and Forecast (US$ Mn), By Country, 2020 – 2030
       • China
       • India
       • Japan
       • South Korea
       • Rest of Asia Pacific
   • Latin America
     • Market Size and Forecast (US$ Mn), By Type, 2020 – 2030
     • Market Size and Forecast (US$ Mn), By Application, 2020 – 2030
     • Market Size and Forecast (US$ Mn), By Country, 2020 – 2030
       • Brazil
       • Mexico
       • Rest of Latin America
   • Middle East & Africa
     • Market Size and Forecast (US$ Mn), By Type, 2020 – 2030
     • Market Size and Forecast (US$ Mn), By Application, 2020 – 2030
     • Market Size and Forecast (US$ Mn), By Country, 2020 – 2030
       • GCC
       • Israel
       • South Africa
       • Rest of Middle East
8. Competitive Landscape
   • Heat Map Analysis
   • Market Presence and Specificity Analysis
9. Company Profiles
   • • Immucor Inc.
       • Company Overview
       • Product and Portfolio
       • Key Highlights
       • Financial Overview
       • Business Strategies
     • Becton Dickinson
     • Barun Melsungen AG
     • Terumo Corporation
     • Grifols SA
     • Kaneka Corporation
     • Fresenius Kabi
     • Haemonetics Corporation
     • Macopharma SA
10. The Last Word
    • Future Impact
    • About Us
    • Contact