How big is the Blood Bank Market | Market Size, Growth & Global Outlook

Q: How big is the blood bank market in 2024?

The blood bank market was estimated at USD 18.8 billion in 2024 and is projected to reach USD 28.9 billion by 2031.

Q: What drives the growth of the blood bank market?

Rising demand for transfusions, surgical procedures, and improved donation systems are driving the market.

Q: What are key technologies shaping the market?

Automated blood processing, AI-based demand prediction, and RFID tracking systems are shaping the market.

Q: Which regions dominate this market?

North America and Europe lead the market due to advanced infrastructure and donation programs.

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Code: MTA5028

Publication Date: Jul 2025

What is the size of the Blood Bank Market?

According to 6Wresearch internal database and industry insights, Global Blood Bank Market was estimated atUSD 18.8 billion in 2024 and is projected to reachUSD 28.9 billion by 2031, growing at aCAGR of 6.6% during the forecast period 2025â€“2031.

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Due to the rising demand for blood transfusions, increasing surgical procedures, trauma cases, and the growing prevalence of chronic illnesses, the market is continued to grow in the coming years.

Key Growth Factors of the Blood Bank Market

Increasing road accidents and emergency care admissions worldwide
Rise in blood-related disorders such as anaemia and haemophilia in the patients
Expansion of healthcare and surgical infrastructure worldwide
Growth in voluntary and organized blood donation drives
Government and NGO initiatives promoting safe transfusion practices

Blood Bank Market Trends

Blood bank market is growing with the several trends which include adoption of automated blood collection and processing systems. Alongside, the growing use of digital inventory and tracking solutions are in the huge demand, which enhanced focus on pathogen reduction technologies. Excluding these, mobile blood banks and AI-assisted donor screening tools are also gaining attention to improve efficiency and safety. Together all these trends are contributing in the reshaping the market.

Emerging Developments in the Blood Bank Market

Blood bank market is navigating emerging developments with the innovations which involve blockchain-based traceability systems, AI-driven demand forecasting, and integration of IoT-enabled monitoring for blood storage units. The market is noticed a push towards the decentralized blood banking models, especially in underserved regions. Further, new cold chain logistics solutions are improving supply reliability. These developments are playing major role in the portfolios of market.