Blood and Organ Bank Market Growth by 2027: Rising Demand For Blood And Organ Banks Among End-Users, Such As Hospitals And Diagnostic Centers
The latest market analysis report published by Reports and Data, titled ‘Global Blood and Organ Bank Market – Forecast to 2027,’ thoroughly examines the Blood and Organ Bank industry to provide essential data & information for the targeted readers. The report consists of quantitative and qualitative research on the market performed by our market experts. The Blood and Organ Bank industry report emphasizes the current and upcoming market revenue growth opportunities and trends. Moreover, the report offers key information on the industry statistics, as well as a wide range of dynamic factors including drivers, restraints, risks, challenges, threats, supply & demand ratios, production & manufacturing capacities, sales & distribution networks, cost & demand volatility, import/export ratios, profit margins, and macro-economic and micro-economic factors. The report is inclusive of product type outlook, application spectrum, end-use outlook, technology landscape, regional market analysis, and competitive overview. Our market experts have determined the current financial positions of the leading industry players in the report leveraging advanced analytical tools such as Porter’s Five Forces Analysis, SWOT analysis, and investment assessment.
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The global blood and organ bank market is expected to reach a substantially large market size in 2027 and register a high CAGR over the forecast period. Industry analysis indicates that rising demand for blood and organ banks among end-users, such as hospitals and diagnostic centers, is driven by changing market trends, which are expected to support industry growth as well as market growth over the forecast period.
Blood transfusion and organ transplant is performed to save life of an individual and, in some cases, to improve a patient’s health. A blood bank is a place where the blood or its components, such as red blood cells, plasma, and platelets, are stored. The blood stored is transfused into needy patients, who are suffering from deficiency of the blood or deficiency of blood components. Organ banks are engaged in processing, recovery, storage, and distribution of the organs, the tissues, and the bones for transplantation. A single donor of an organ or the tissues can save lives of about 40–50 patients.
The global Blood and Organ Bank market has significantly grown over the recent past and is expected to register rapid growth over the forecast period of 2021 to 2028. The pharma and healthcare sector is rapidly evolving with innovations in technology, increasing healthcare spending and improving healthcare facilities and systems. Many hospitals, ambulatory surgical care centers and clinics across the globe are adopting advanced devices and equipment. Revenue growth of the global Blood and Organ Bank market is significantly driven by factors such as increasing prevalence of chronic diseases, rapid advancements in healthcare and medical sector, high adoption of latest tools and techniques and growing funds by several public and private sectors. In addition, rising focus on drug development, increasing demand for precision medicine, high adoption of home care settings and point-of-care diagnostics, increasing investments in research and development activities are expected to drive global market revenue growth during the forecast period.
The ongoing pandemic is significantly changing the dynamics of the pharma and healthcare sector. Various countries are facing challenges such as shortage of medicines, vaccines, healthcare devices in hospitals. This is expected to open lucrative growth opportunities for market players in the coming years.
The global market comprises various market players operating at regional and global levels. These key players are adopting various strategies such as R&D investments, license agreements, partnerships, merger and acquisitions, collaborations, and joint ventures to gain robust footing in the market.
Top Companies Profiled in the Report:
- American Red Cross
- New England Organ Bank
- 21st Century Medicine
- New York Blood Center
- The Living Bank
- Musculoskeletal Transplant Foundation, Inc.
- National Organ & Tissue Transplant Organization
- China Cord Blood Corporation
- New York Cord Blood Program
- Cord Blood Registry
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Blood and Organ Bank Market Segmentation:
By Type (Revenue, USD Billion; 2017–2027)
- 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
- Reproductive and Stem Cell Bank Services
By End-user (Revenue, USD Billion; 2017–2027)
- Diagnostic Centers
- Blood Banks
- North America (U.S., Canada, Mexico)
- Europe (Germany, U.K., Italy, France, BENELUX, Rest of Europe)
- Asia Pacific (China, India, Japan, South Korea, Rest of Asia Pacific)
- Latin America (Brazil, Rest of LATAM)
- Middle East & Africa (Saudi Arabia, U.A.E., South Africa, Rest of the Middle East & Africa)
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This study aims to define market sizes and forecast the values for different segments and countries in the coming eight years. The study aims to include qualitative and quantitative perspectives about the industry within the regions and countries covered in the report. The report also outlines the significant factors, such as driving factors and challenges, that will determine the market’s future growth.
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