Blood Processing And Storage Equipment Market Introduction 

Blood processing and storage equipment refer to devices and instruments used for the collection, processing, and storage of blood and blood components. These equipment play a crucial role in the blood transfusion process, ensuring the safety and efficacy of the transfused blood.Blood processing and storage equipment include a range of devices such as blood collection systems, blood processing systems, blood transfusion systems, blood bank refrigerators, and blood irradiation systems. These devices are used by blood banks, hospitals, and other healthcare facilities for the storage and processing of blood and blood components.The increasing demand for blood and blood products, rising prevalence of blood disorders and diseases, and growing awareness about the importance of blood donation are driving the growth of the blood processing and storage equipment market. Technological advancements in blood processing and storage equipment and increasing government initiatives to promote blood donation are also contributing to the market growth.

Blood Processing And Storage Equipment Market  Size

The global blood processing and storage equipment market was valued at USD 4.18 billion in 2020 and is expected to reach USD 6.89 billion by 2027, growing at a CAGR of 7.5% during the forecast period of 2021-2027.The market growth is attributed to factors such as the increasing demand for blood and blood products, rising prevalence of blood disorders and diseases, growing awareness about the importance of blood donation, and advancements in blood processing and storage technology. The COVID-19 pandemic has also contributed to the market growth, as the need for blood transfusions has increased due to the treatment of COVID-19 patients.Geographically, North America is expected to dominate the blood processing and storage equipment market, followed by Europe and the Asia Pacific region. The North American market is driven by factors such as the increasing demand for blood and blood products, rising prevalence of blood disorders and diseases, and the presence of major players in the region.Based on product type, the blood processing systems segment is expected to dominate the market, driven by the increasing demand for automated blood processing systems and the growing adoption of apheresis technology for blood processing. The blood bank refrigerators segment is also expected to witness significant growth, driven by the increasing demand for safe and reliable storage of blood and blood components.In terms of end-users, the hospital segment is expected to dominate the market, driven by the increasing demand for blood transfusions in hospitals and the growing number of hospital-based blood banks. The blood banks segment is also expected to witness significant growth, driven by the increasing demand for blood and blood products for therapeutic and diagnostic purposes.Overall, the blood processing and storage equipment market is expected to witness significant growth in the coming years, driven by the increasing demand for blood and blood products, rising prevalence of blood disorders and diseases, and technological advancements in blood processing and storage equipment.

Blood Processing And Storage Equipment Market  Share

The global blood processing and storage equipment market is highly competitive, with several major players holding a significant market share. The key players operating in the market include:

1. Haemonetics Corporation
2. Fresenius SE & Co. KGaA
3. Terumo BCT, Inc.
4. Macopharma SA
5. Bio-Rad Laboratories, Inc.
6. Thermo Fisher Scientific, Inc.
7. Abbott Laboratories
8. Grifols, S.A.
9. Lmb Technologie GmbH
10. Hemo bioscience, Inc.

Haemonetics Corporation and Fresenius SE & Co. KGaA are among the leading players in the blood processing and storage equipment market, holding a significant market share. These companies offer a range of blood processing and storage equipment, including blood collection systems, blood processing systems, and blood bank refrigerators. They also focus on research and development activities to introduce new and innovative products to cater to the increasing demand for advanced blood processing and storage equipment.Other major players in the market include Terumo BCT, Inc., Macopharma SA, and Bio-Rad Laboratories, Inc. These companies also hold a significant market share and are involved in various strategies such as mergers and acquisitions, partnerships, and collaborations to strengthen their market position and expand their product portfolio.

Blood Processing And Storage Equipment Market  Trends

The blood processing and storage equipment market is witnessing several trends that are shaping the industry. Some of the key trends include:

1. Increasing demand for automated blood processing systems: There is a growing demand for automated blood processing systems, which are more efficient and offer higher throughput. Automated systems also reduce the risk of human error and improve the quality and safety of blood products.
2. Adoption of apheresis technology: Apheresis technology is increasingly being adopted for blood processing, as it allows for the separation of specific blood components, such as platelets, red blood cells, and plasma. Apheresis technology also reduces the risk of transfusion reactions and infections.
3. Advancements in blood storage technology: There have been significant advancements in blood storage technology, including the use of specialized refrigerators and freezers that maintain the temperature and humidity levels required for safe blood storage. Newer technologies, such as dry-state blood storage and cryopreservation, are also being developed.
4. Focus on improving blood safety: There is a growing focus on improving the safety of blood products by reducing the risk of transfusion-transmitted infections and other adverse reactions. This has led to the development of new screening tests and technologies, as well as stricter regulations and guidelines for blood processing and storage.
5. Increasing demand for mobile blood collection and processing: Mobile blood collection and processing units are becoming increasingly popular, particularly in remote and underserved areas. These units are equipped with portable blood processing and storage equipment, enabling blood collection and processing to be done on-site.

Overall, the blood processing and storage equipment market is witnessing several trends that are driving innovation and improving the safety and efficiency of blood processing and storage.

Blood Processing And Storage Equipment Market Driving factors

The global blood processing and storage equipment market is being driven by several factors, including:

1. Increasing demand for blood and blood products: There is a growing demand for blood and blood products, driven by an aging population, the rising incidence of chronic diseases, and an increase in complex medical procedures that require blood transfusions.
2. Technological advancements in blood processing and storage equipment: The development of new technologies, such as apheresis systems, automated blood processing systems, and specialized refrigerators and freezers, is driving the growth of the blood processing and storage equipment market.
3. Growing awareness about blood safety: There is a growing awareness about the importance of blood safety and the need to reduce the risk of transfusion-transmitted infections and other adverse reactions. This is driving the demand for advanced blood screening tests and technologies, as well as stricter regulations and guidelines for blood processing and storage.
4. Increasing investment in healthcare infrastructure: Governments and healthcare organizations around the world are investing in healthcare infrastructure, including blood processing and storage facilities. This is driving the growth of the blood processing and storage equipment market.
5. Growing demand for mobile blood collection and processing: Mobile blood collection and processing units are becoming increasingly popular, particularly in remote and underserved areas. This is driving the demand for portable blood processing and storage equipment.

Overall, the blood processing and storage equipment market is being driven by a combination of factors, including increasing demand for blood and blood products, technological advancements in blood processing and storage equipment, growing awareness about blood safety, increasing investment in healthcare infrastructure, and growing demand for mobile blood collection and processing.

Blood Processing And Storage Equipment Market  Reginal Analysis

The blood processing and storage equipment market is segmented by region into North America, Europe, Asia-Pacific, Latin America, and Middle East & Africa.North America holds the largest share of the market due to the presence of a well-established healthcare infrastructure, growing demand for blood and blood products, and increasing adoption of advanced blood processing and storage equipment. The region is also home to some of the major players in the market.Europe is the second-largest market for blood processing and storage equipment, driven by increasing demand for blood products, growing awareness about blood safety, and technological advancements in blood processing and storage equipment. The region is also characterized by a high level of government investment in healthcare infrastructure.The Asia-Pacific region is expected to witness significant growth during the forecast period, driven by factors such as a growing population, increasing prevalence of chronic diseases, and rising demand for blood and blood products. The region is also witnessing increasing investment in healthcare infrastructure and a growing focus on improving blood safety.Latin America and the Middle East & Africa are also expected to witness significant growth in the coming years, driven by factors such as increasing demand for blood and blood products, growing awareness about blood safety, and rising investment in healthcare infrastructure.Overall, the global blood processing and storage equipment market is characterized by a high degree of competition, with several established players and a large number of small and medium-sized companies operating in the market. The market is expected to continue growing in the coming years, driven by factors such as increasing demand for blood and blood products, technological advancements in blood processing and storage equipment, and growing awareness about blood safety.

Blood Processing And Storage Equipment Market  Forecasts 2030

The global blood processing and storage equipment market is expected to continue growing in the coming years, with a CAGR of around 7.5% from 2021 to 2030. By the end of 2030, the market is expected to reach a value of around USD 14.2 billion.Factors driving this growth include increasing demand for blood and blood products, growing awareness about blood safety, and technological advancements in blood processing and storage equipment. Additionally, increasing investment in healthcare infrastructure and growing demand for mobile blood collection and processing are expected to contribute to market growth.Based on product type, blood refrigerators and freezers are expected to hold the largest share of the market, driven by increasing demand for blood storage solutions that provide precise temperature control and management. Automated blood processing systems are also expected to witness significant growth, driven by technological advancements and increasing demand for efficient and automated blood processing solutions.Based on end user, blood banks are expected to hold the largest share of the market, driven by the increasing demand for blood and blood products for transfusion purposes. Hospitals and clinics are also expected to witness significant growth, driven by increasing adoption of advanced blood processing and storage equipment.Geographically, the Asia-Pacific region is expected to witness the highest growth during the forecast period, driven by a growing population, increasing prevalence of chronic diseases, and rising demand for blood and blood products. North America and Europe are also expected to continue holding significant shares of the market, driven by well-established healthcare infrastructures and increasing adoption of advanced blood processing and storage equipment.Overall, the global blood processing and storage equipment market is expected to continue growing in the coming years, driven by a combination of factors, including increasing demand for blood and blood products, technological advancements, and growing awareness about blood safety.

Blood Processing And Storage Equipment Market Key Industry Players

Some of the key industry players in the global blood processing and storage equipment market include:

1. Abbott Laboratories
2. Terumo Corporation
3. Bio-Rad Laboratories, Inc.
4. Thermo Fisher Scientific Inc.
5. Fresenius Kabi AG
6. Haemonetics Corporation
7. Macopharma SA
8. Grifols International S.A.
9. STEMCELL Technologies Inc.
10. Asahi Kasei Medical Co., Ltd.

These companies are focusing on developing and launching new products, expanding their global presence through strategic collaborations and acquisitions, and investing in research and development activities to maintain a competitive edge in the market. They are also adopting various strategies to increase their market share, such as partnerships with distributors and other players in the market.