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
- Understand theUS blood bankmarket landscape and identifymarket segments that are most likely to guarantee a strong return
- Stay ahead of the race by comprehending the ever-changing competitive marketlandscape
- Efficiently plan mergers and acquisitions, and partnership dealsin the US blood bankmarket by identifying market segments with the most promising probable sales
- Make knowledgeable business decisions from perceptive and comprehensive analysis of the performance of various segments of the market.
- Obtain revenue forecast for the market based on various segmentsfor the period 2019–2027
By Type
· 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
- US
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
US Blood Bank Market Report Highlights
| 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
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Regions and Countries Covered
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| United States | |
| Market leaders and key company profiles |
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US Blood Bank Market Country and Regional Insights
