The North America blood bank information systems market is expected to grow from US$ 246.93 million in 2021 to US$ 416.84 million by 2028; it is estimated to grow at a CAGR of 7.8% from 2021 to 2028.
The demand for blood donations is increasing due to the rising prevalence of hematological diseases across the region. According to the Leukemia and Lymphoma Society (LLS), 1 person in the US is diagnosed with leukemia, lymphoma, and myeloma every 3 minutes. In addition, the US recorded ~186,400 cases of leukemia, lymphoma, and myeloma in 2021. Furthermore, out of an estimated 1,898,160 new cancer cases in the country, ~9.8% were blood cancer cases in 2021. The increasing prevalence of blood cancer types, such as leukemia, leads to a significant rise in blood transfusion procedures and bone marrow cell transplants. According to American Red Cross, ~29,000 units of red blood, ~5,000 units of platelets, and ~6,500 units of plasma are required every day for various hematologic disease treatments in the US. Additionally, 16 million blood components are transfused in the country for different blood-related illnesses each year. Also, more than 1.8 million people were diagnosed with cancer in 2020. Thus, the rising incidence of hematologic diseases propels the demand for blood transfusions, which fuels the growth of the North America blood bank information systems market.
With new features and technologies, vendors can attract new customers and expand their footprints in emerging markets. This factor is likely to drive the North America blood bank information systems market at a good CAGR during the forecast period.
North America Blood Bank Information Systems Market Revenue and Forecast to 2028 (US$ Million)
North America Blood Bank Information Systems Market Segmentation
The North America blood bank information systems market is segmented on the basis of type, end user, and country. Based on type, the market is segmented into blood donor management module, blood bank transfusion service module, and others. The blood donor management module segment dominated the North America blood bank information systems market in 2020; however, the blood bank transfusion service module segment is expected to register the highest CAGR in the market during the forecast period. Based on end user, the North America blood bank information systems market is segmented into blood banks and hospitals. The hospitals segment dominated the market in 2020, and the blood banks segment is expected to register a higher CAGR during the forecast period. Based on country, the North America blood bank information systems market has been segmented into the US, Canada, and Mexico.
Allscripts Healthcare, LLC; Cerner Corporation; Haemonetics Corporation; IT Synergistics; Psyche Systems Corporation; Soft Computer Consultants, Inc.; Sunquest Information Systems, Inc.; and WellSky are among the leading companies in the North America blood bank information systems market.
North America Blood Bank Information Systems Market Strategic Insights
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North America Blood Bank Information Systems Market Segmentation Analysis
North America Blood Bank Information Systems Market Report Highlights
North America Blood Bank Information Systems Report Scope
Report Attribute
Details
Market size in 2021
US$ 246.93 Million
Market Size by 2028
US$ 416.84 Million
CAGR (2021 - 2028)
7.8%
Historical Data
2019-2020
Forecast period
2022-2028
Segments Covered
By Type
Blood Donor Management Module
Blood Bank Transfusion Service Module
By End User
Blood Banks and Hospitals
Regions and Countries Covered
North America
US, Canada, Mexico
Market leaders and key company profiles
Allscripts Healthcare, LLC
Cerner Corporation
Haemonetics Corporation
IT Synergistics
Psyche Systems Corporation
Soft Computer Consultants, Inc.
Sunquest Information Systems, Inc.
WellSky
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North America Blood Bank Information Systems Market Country and Regional Insights
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Identical Market Reports with other Region/Countries
The List of Companies - North America Blood Bank Information Systems Market
Allscripts Healthcare, LLC
Cerner Corporation
Haemonetics Corporation
IT Synergistics
Psyche Systems Corporation
Soft Computer Consultants, Inc.
Sunquest Information Systems, Inc.
WellSky
Frequently Asked Questions
How big is the North America Blood Bank Information Systems Market?
The North America Blood Bank Information Systems Market is valued at US$ 246.93 Million in 2021, it is projected to reach US$ 416.84 Million by 2028.
What is the CAGR for North America Blood Bank Information Systems Market by (2021 - 2028)?
As per our report North America Blood Bank Information Systems Market, the market size is valued at US$ 246.93 Million in 2021, projecting it to reach US$ 416.84 Million by 2028. This translates to a CAGR of approximately 7.8% during the forecast period.
What segments are covered in this report?
The North America Blood Bank Information Systems Market report typically cover these key segments-
Type (Blood Donor Management Module, Blood Bank Transfusion Service Module)
End User (Blood Banks and Hospitals)
What is the historic period, base year, and forecast period taken for North America Blood Bank Information Systems Market?
The historic period, base year, and forecast period can vary slightly depending on the specific market research report. However, for the North America Blood Bank Information Systems Market report:
Historic Period : 2019-2020
Base Year : 2021
Forecast Period : 2022-2028
Who are the major players in North America Blood Bank Information Systems Market?
The North America Blood Bank Information Systems Market is populated by several key players, each contributing to its growth and innovation. Some of the major players include:
Allscripts Healthcare, LLC
Cerner Corporation
Haemonetics Corporation
IT Synergistics
Psyche Systems Corporation
Soft Computer Consultants, Inc.
Sunquest Information Systems, Inc.
WellSky
Who should buy this report?
The North America Blood Bank Information Systems Market report is valuable for diverse stakeholders, including:
Investors: Provides insights for investment decisions pertaining to market growth, companies, or industry insights. Helps assess market attractiveness and potential returns.
Industry Players: Offers competitive intelligence, market sizing, and trend analysis to inform strategic planning, product development, and sales strategies.
Suppliers and Manufacturers: Helps understand market demand for components, materials, and services related to concerned industry.
Researchers and Consultants: Provides data and analysis for academic research, consulting projects, and market studies.
Financial Institutions: Helps assess risks and opportunities associated with financing or investing in the concerned market.
Essentially, anyone involved in or considering involvement in the North America Blood Bank Information Systems Market value chain can benefit from the information contained in a comprehensive market report.
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