How big is the Blood Industry Market | Demand & Future Outlook 2025

Q: How big is the blood industry market?

The market was estimated at USD 48.9 billion in 2024 and is projected to reach USD 74 billion by 2031.

Q: What are the main drivers of growth in the blood industry?

Growing demand for transfusions, plasma therapies, and advanced diagnostics are the main drivers of market.

Q: What trends are shaping the blood industry market?

Automation, blockchain traceability, and demand for recombinant and synthetic products are reshaping the market.

Q: What are the key challenges in this blood industry market?

Blood shortages, high processing costs, and regulatory complexities in handling biologics are major challenges.

Q: How does 6W market outlook report help businesses in making decisions?

6W monitors the market across 60+ countries Globally, publishing an annual market outlook report that analyses trends, key drivers, Size, Volume, Revenue, opportunities, and market segments. This report offers comprehensive insights, helping businesses understand market dynamics and make informed decisions.

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Code: MTA5161

Publication Date: Jul 2025

What is the size of the Blood Industry Market?

According to 6Wresearch internal database and industry insights, the Blood Industry Market was demonstrated approximately USD 48.9 billion in 2024 and is projected to reach USD 74 billion by 2031, growing at a CAGR of 6.0% during the forecast period 2025–2031.

There are numbers of growth factors which drives the market including the rising demand for blood components, increasing surgeries and trauma cases, and expanding diagnostic and transfusion services globally.

Key Growth Factors of the Blood Industry Market

Increasing global burden of chronic diseases and emergency procedures
Growing demand for plasma-derived therapies and immunoglobulins
Rising number of voluntary blood donations and awareness campaigns
Technological advancements in blood screening and storage
Expansion of healthcare infrastructure in developing countries

Blood Industry Market Trends

Blood industry market has notable trends which include rising automation in blood collection and processing, the use of blockchain for traceability. Alongside, there is a growing adoption of pathogen reduction technologies. The demand for plasma fractionation and recombinant blood products is also on the rise to reduce dependence on donors. Further, the use of RFID-enabled blood bag tracking is improving supply chain transparency. Increasing collaboration between public and private blood banks is streamlining donation networks and distribution.

Emerging Developments in the Blood Industry Market

Blood industry market is seeing new developments with innovations which include AI-driven blood inventory management systems, development of lab-grown red blood cells, and non-invasive blood typing devices. To meet future healthcare demands, research into synthetic blood substitutes and personalized transfusion medicine is accelerating. 3D bioprinting of vascular tissue is being explored to support artificial blood environments.