Blood Banking Devices Market – Trends Forecast Till 2030

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Blood Banking Devices Market Trends Forecast
Till 2030
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Blood Banking Devices Market, by Product (Blood
Collection Devices, Blood Processing Devices,
Blood Storage Devices), End- Users (Hospital,
Academic Institutes, Independent Diagnostics
Centers/Clinics, Blood Banks), Mode of Collection
(Manual Blood Collection, Automated Blood
Collection) and region (North America, Europe,
Asia-Pacific, Middle East and Africa and South
America).

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Market Overview
The Blood Banking Devices market size was
estimated at USD 42.89 billion in 2023 and is
projected to reach USD 76.760 billion in 2030 at
a CAGR of 8.67 during the forecast period
2023-2030. Blood banking devices are specialized
medical equipment and instruments used in the
collection, processing, testing, storage and
distribution of blood and its components. These
devices play a crucial role in ensuring the
safety and availability of blood products for
various medical procedures and treatments. Blood
banking devices are critical for maintaining a
safe and reliable supply of blood for various
medical needs, including surgeries, trauma care,
cancer treatments, and more. They ensure that
blood products are collected, processed, and
distributed with the highest standards of quality
and safety. The blood banking devices market is
expected to grow during the forecast period. This
growth can be attributed to factors such as
increasing demand for blood transfusions, rising
incidence of blood-borne diseases, increasing
number of blood donation camps and technological
advancements in blood banking devices. Moreover,
the growing awareness about the importance of
blood donation is expected to drive the growth of
the market during the forecast period. Purchase
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d-banking-devices-market
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Key Findings
The Blood Banking Devices Market is segmented
into various segments such as product, mode of
collection, end users, and region Based on
product, the market is segmented into blood
collection devices, blood processing devices and
blood storage devices. The blood collection
devices dominated the market in this segment.
Blood collection devices segment can be further
divided into blood collection needles, blood
collection tubes, syringes, blood bags, lancets,
IV cannulas, vials and other. This growth can be
attributed to the extra precaution which have
been instilled ever since the pandemic. Moreover,
rise in antimicrobial prevalence and infection
control will drive the growth of the market
during the forecast period. Based on mode of
collection, the market is segmented into manual
blood collection and automated blood collection.
The automated blood collection dominated the
market in this segment. This can be attributed to
the increasing demand for efficient and painless
blood collection methods. Based on end user, the
market is segmented into hospital, academic
institutes, independent diagnostics
centres/clinics and blood banks. Hospitals
dominated the market in this segment. This is due
to the increasing number of surgeries and other
medical procedures that require blood
transfusions.
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Key Findings
The market is also divided into various regions
such as North America, Europe, Asia-Pacific,
South America, and Middle East and Africa. North
America is estimated to account for the largest
market share during the forecast period. Inquire
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Competitive Landscape

• Abbott
• BD
• Beckman Coulter, Inc.
• Bio-Rad Laboratories, Inc.
• Boston Scientific
• Cardinal Health (US)
• Sysmex Corporation
• China Biologic Products Holdings, Inc.
• F. Hoffmann-La Roche Ltd.
• Fresenius Kabi AG

• Hindustan Syringes Medical Devices Ltd.
• Medtronic
• Nova Biomedical
• Ortho Clinical Diagnostics
• Polymedicure
• Randox Laboratories Ltd.
• REMI GROUP
• Siemens Healthcare GmbH
• Smith Medical
• Terumo Corporation
• Thermo Fisher Scientific, Inc.

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Recent Developments
In Jan 2023, Abbott, blood centers of america
launch first-of-its-kind mixed reality experience
for use during blood donation. The mixed reality
technology is an immersive digital experience
designed to improve the blood donation process,
attract new donors and motivate a younger
generation to give blood. The effort intends to
address the global challenge of sustaining a
reliable blood supply. The Innovation aims to
improve the experience and attract new, younger
blood donors by adding an element of high-tech
mixed reality.  In May 2022, Vitalant launched
its new mobile app which allows donors to make
and schedule blood donation appointments and also
access donation history and blood typing
information very easily.
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Contact Information
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