The Global Blood Market is poised to grow at a CAGR of around 5.4% over the next decade to reach approximately $53.91 billion by 2025.Some of the prominent trends that the market is witnessing include increasing occurrence of trauma cases and up-gradation in blood transfusion instruments.
Based on end user the market is categorized into ambulatory surgical centers, blood & blood component bank, hospitals and diagnostic laboratories.
Depending on the product the market is segmented by blood typing products, whole blood collection, blood processing equipment and associated products, source plasma collection, blood screening and blood therapeutics. Blood typing products segment is further sub segmented into blood typing reagents and blood typing systems. Whole blood collection segment is further sub segmented into whole blood collection reagents and whole blood collection systems.
Blood processing equipment and associated products segment is further sub segmented into blood processing equipment reagents and blood processing equipment systems. Source Plasma Collection segment is further sub segmented into source plasma collection reagents and source plasma collection systems. Blood screening segment is further sub segmented into blood screening reagents and blood screening systems. Blood Therapeutics segment is further sub segmented into factor IX, albumins, intravenous immunoglobulin (IVIG), hyperimmune, factor VIII and other blood therapeutics.