US Blood Bank Market Share by Size and Growth 2027

Market Introduction

In blood banks,donor’s blood is collected, typed, grouped, stored, and qualified for transfusion to recipients. A blood bank may be a separate freestanding office or part of a giant laboratory in a hospital. The crucial operations of blood banking include typing the blood for transfusion as well as testing it infectious microorganisms or particles.

Market Overview and Dynamics

The US blood bankmarketis expected to reach US$ 6,025.26 millionby 2027 from US$ 3,975.02 million in 2019; it is expected to grow at a CAGR of 5.5% from 2020 to 2027. The high prevalence of hematologic diseases and rise in number of road accidents are among the main factors fueling the growth of the market. However, failure to comply with regulations is the major factor hindering the market growth.

Key Market Segments

In terms of type, the whole blood segment held the larger share of the US blood bank market in 2019;however, the plasma segment is anticipated to register the highest CAGR in the market during the forecast period. In terms of the function,the testing segment held the largest share of the market in 2019 and is anticipated to register the highest CAGR during the forecast period. Further, private blood banksaccounted for a larger share of the market, and the segment is anticipated to register a higher CAGR during the forecast period. By end user, market is segmented into hospitals, ambulatory surgery centers, pharmaceutical companies, and others. Hospitals held the largest market share, and the market for this segment is projected to grow at the fastest CAGR during the forecast period.

Major Sources and Companies Listed

A few of the major primary and secondary sources associated with this report on the US blood bankmarket are American Association of Blood Banks (AABB), America's Blood Centers (ABC), Food and Drug Administration (FDA), and Centers for Disease Control and Prevention (CDC).

Reasons to Buy Report

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US Blood Bank Market –

By Type

· Whole Blood

· RBC

· Platelets

· Plasma

· WBC

By Function

· Collection

· Processing

· Testing

· Storage

· Transportation

By Bank Type

· Private

· Public

By EndUser

· Hospital

· Ambulatory Surgery Centers

· Pharmaceutical Companies

· Others

By Country

Company Profiles

Bloodworks Northwest
San Diego Blood Bank
America’s Blood Centers
CSL Plasma
Blood Centers of America
The American National Red Cross
New York Blood Center
Vitalant
Interstate Blood Bank, Inc.

US Blood Bank Market Strategic Insights

Get more information on this report

US Blood Bank Market Segmentation Analysis

US Blood Bank Market Report Highlights

US Blood Bank Report Scope

Report Attribute	Details
Market size in 2019	US$ 3,975.02 Million
Market Size by 2027	US$ 6,025.26 Million
CAGR (2020 - 2027)	5.5%
Historical Data	2017-2018
Forecast period	2020-2027
Segments Covered	By Type Whole Blood RBC Platelets Plasma WBC By Function Collection Processing Testing Storage Transportation By Bank Type Private and Public By End User Hospitals Ambulatory Surgery Centers Pharmaceutical Companies
Regions and Countries Covered	United States United States
Market leaders and key company profiles	Bloodworks Northwest San Diego Blood Bank America’s Blood Centers CSL Plasma Blood Centers of America The American National Red Cross New York Blood Center Vitalant Interstate Blood Bank, Inc.