Global Blood and Organ Bank Market, By Product (Red Blood Cell Collection, Processing and Distribution Services, Blood Plasma Collection, Organ Bank Services, Tissue Bank Services, Health Screening Services, All Other Human Blood Service, Reproductive and Stem Cell Bank Services), Application (Collecting Blood, Storing Blood, Distributing Blood, Storing Organs, Distributing Organs, Researching Storage Technology, Reproducing Tissue), End-Users (Hospitals, Diagnostics Centers, Blood Bank, Others), Country (U.S., Canada, Mexico, Germany, Italy, U.K., France, Spain, Netherland, Belgium, Switzerland, Turkey, Russia, Rest of Europe, Japan, China, India, South Korea, Australia, Singapore, Malaysia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific, Brazil, Argentina, Rest of South America, South Africa, Saudi Arabia, UAE, Egypt, Israel, Rest of Middle East & Africa) Industry Trends and Forecast to 2028
Market Analysis and Insights : Global Blood and Organ Bank Market
Blood and organ bank market is expected to gain market growth in the forecast period of 2021 to 2028. Data Bridge Market Research analyses that the market is growing with the CAGR of 6.10% in the forecast period of 2021 to 2028. The increasing prevalence of hematological diseases among population across the globe is escalating the growth of blood and organ bank market.
Blood bank refers to an institute where blood and its components such as blood cells, platelets and plasma are stored which are then utilized in the blood transfusion process. Blood transfusion is done in case of blood loss disorders including sickle cell anemia, anemia, blood cancer and thalassemia and accidental emergency. Similarly, organ bank is an institute where organs are stored which are then used for organ transplantation. Organ transplantation refers to a process of replacing diseased or failed organs with another through surgery.
The increase in the number of research and development activities in biotechnology sector and technological advancement are the major factors driving the blood and organ bank market. The increasing rate of blood-borne diseases, hematological diseases including blood cancer, anemia, sickle cell anemia and thalassemia and transfusion transmissible infections are also act as a driving factor. The rise in number of accidental cases and geriatric population influence the blood and organ bank market. Furthermore, the increase in usage of blood transfusion and cell therapy in the emerging markets extend profitable opportunities to the market players in the forecast period of 2021 to 2028.
On the other hand, high cost of blood processing equipment and their maintenance and implementation of strict regulations are factors expected to obstruct the market growth. Post-operative complications including fever, blood borne infection, allergic reactions and acute hemolytic reaction are projected to challenge the blood and organ bank market in the forecast period of 2021-2028.
This blood and organ bank market report provides details of new recent developments, trade regulations, import export analysis, production analysis, value chain optimization, market share, impact of domestic and localized market players, analyses opportunities in terms of emerging revenue pockets, changes in market regulations, strategic market growth analysis, market size, category market growths, application niches and dominance, product approvals, product launches, geographic expansions, technological innovations in the market. To gain more info on blood and organ bank market contact Data Bridge Market Research for an Analyst Brief, our team will help you take an informed market decision to achieve market growth.
Blood and Organ Bank Market Scope and Market Size
Blood and organ bank market is segmented on the basis of product, application and end-users. The growth amongst these segments will help you analyze meagre growth segments in the industries, and provide the users with valuable market overview and market insights to help them in making strategic decisions for identification of core market applications.
- On the basis of product, the blood and organ bank market is segmented into red blood cell collection, processing, and distribution services, blood plasma collection, processing, and distribution services, organ bank services, tissue bank services, health screening services, all other human blood services and reproductive and stem cell bank services.
- On the basis of application, the blood and organ bank market is segmented into collecting blood, storing blood, distributing blood, storing organs, distributing organs, researching storage technology and reproducing tissue.
- On the basis of end-users, the blood and organ bank market is segmented into hospitals, diagnostics centers, blood bank and others.
Global Blood and Organ Bank Market Country Level Analysis
Blood and organ bank market is analyzed and market size insights and trends are provided by country, product, application and end-users as referenced above.
The countries covered in the blood and organ bank market report are the U.S., Canada and Mexico in North America, Germany, France, U.K., Netherlands, Switzerland, Belgium, Russia, Italy, Spain, Turkey, Rest of Europe in Europe, China, Japan, India, South Korea, Singapore, Malaysia, Australia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific (APAC) in the Asia-Pacific (APAC), Saudi Arabia, U.A.E, South Africa, Egypt, Israel, Rest of Middle East and Africa (MEA) as a part of Middle East and Africa (MEA), Brazil, Argentina and Rest of South America as part of South America.
North America dominates the blood and organ bank market because of the high demand of organ transplants and well developed healthcare infrastructure in the region. Asia-Pacific is estimated to grow in the forecast period of 2021-2028 due to the government initiatives to support blood donation and increase in number of blood banking units in the developing nations.
The country section of the blood and organ bank market report also provides individual market impacting factors and changes in regulation in the market domestically that impacts the current and future trends of the market. Data points such as consumption volumes, production sites and volumes, import export analysis, price trend analysis, cost of raw materials, down-stream and upstream value chain analysis are some of the major pointers used to forecast the market scenario for individual countries. Also, presence and availability of global brands and their challenges faced due to large or scarce competition from local and domestic brands, impact of domestic tariffs and trade routes are considered while providing forecast analysis of the country data.
Healthcare Infrastructure Growth Installed Base and New Technology Penetration
Blood and organ bank market also provides you with detailed market analysis for every country growth in healthcare expenditure for capital equipment, installed base of different kind of products for blood and organ bank market, impact of technology using life line curves and changes in healthcare regulatory scenarios and their impact on the blood and organ bank market. The data is available for historic period 2010 to 2019.
Competitive Landscape and Blood and Organ Bank Market Share Analysis
Blood and organ bank market competitive landscape provides details by competitor. Details included are company overview, company financials, revenue generated, market potential, investment in research and development, new market initiatives, global presence, production sites and facilities, production capacities, company strengths and weaknesses, product launch, product width and breadth, application dominance. The above data points provided are only related to the companies’ focus related to blood and organ bank market.
The major players covered in the blood and organ bank market report are The American National Red Cross, Blood Systems, Inc., MTF Biologics., New York Blood Center, NEW ENGLAND ORGAN BANK, INC., The Living Bank, National Organ & Tissue Transplant Organisation, Global Cord Blood Corporation., CBR Systems, Inc., Vitalant., Terumo Corporation, NHS Blood and Transplant, National Blood Transfusion Council., Sanquin, America’s Blood Centers., Canadian Blood Services., Takeda Pharmaceutical Company Limited., Shanghai RAAS, Macopharma, Haemonetics Corporation, Abbott., Beckman Coulter, Inc. among other domestic and global players. Market share data is available for global, North America, Europe, Asia-Pacific (APAC), Middle East and Africa (MEA) and South America separately. DBMR analysts understand competitive strengths and provide competitive analysis for each competitor separately.
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