Global Blood Market 2023-2027

Global Blood Market 2023-2027

Technavio has been monitoring the blood market and it is poised to grow by $2195.69 mn during 2023-2027, accelerating at a CAGR of 5.31% during the forecast period. Our report on the blood market provides a holistic analysis, market size and forecast, trends, growth drivers, and challenges, as well as vendor analysis covering around 25 vendors.

The report offers an up-to-date analysis regarding the current global market scenario, the latest trends and drivers, and the overall market environment. The market is driven by the rising number of hospitals and blood banks, the increase in the number of cancer patients, and an increase in life science research.

Technavio's blood market is segmented as below:

By ProductWhole blood collection and processingBlood screening productsBlood typing productsSource plasma collectionBy End-userHospitalsAmbulatory surgical centers (ASCs)OthersBy Geographical LandscapeNorth AmericaAsiaEuropeRest of World (ROW)This study identifies the rising awareness about blood donation as one of the prime reasons driving the blood market growth during the next few years. Also, rising demand for cord blood banking and rising demand for blood products will lead to sizable demand in the market.

Technavio presents a detailed picture of the market by the way of study, synthesis, and summation of data from multiple sources through an analysis of key parameters. Our report on the blood market covers the following areas:Blood market sizingBlood market forecastBlood market industry analysisTechnavio's robust vendor analysis is designed to help clients improve their market position, and in line with this, this report provides a detailed analysis of several leading blood market vendors that include Agena Bioscience Inc., AXO Science, BAG Health Care GmbH, Beckman Coulter Inc., Becton Dickinson and Co., Bio Rad Laboratories Inc., Cardinal Health Inc., CSL Ltd., DIAGAST SAS, F. Hoffmann La Roche Ltd., Grifols SA, Haemonetics Corp., Immucor Inc., Medtronic Plc, Nipro Medical Corp., Quest Diagnostics Inc., Rapid Labs Ltd., Terumo Corp., Merck KGaA, and Abbott Laboratories. Also, the blood market analysis report includes information on upcoming trends and challenges that will influence market growth. This is to help companies strategize and leverage all future growth opportunities.

The study was conducted using an objective combination of primary and secondary information including inputs from key participants in the industry. The report contains a comprehensive market and vendor landscape in addition to an analysis of the key vendors.

Technavio presents a detailed picture of the market by the way of study, synthesis, and summation of data from multiple sources through an analysis of key parameters such as profit, pricing, competition, and promotions. It presents various market facets by identifying the key industry influencers. The data presented is comprehensive, reliable, and a result of extensive research - both primary and secondary. Technavio's market research reports provide a complete competitive landscape and an in-depth vendor selection methodology and analysis using qualitative and quantitative research to forecast accurate market growth.