| Product Code: ETC13202507 | Publication Date: Apr 2025 | Updated Date: Jul 2025 | Product Type: Market Research Report | |
| Publisher: 6Wresearch | Author: Summon Dutta | No. of Pages: 190 | No. of Figures: 80 | No. of Tables: 40 |
According to 6Wresearch internal database and industry insights, the Global Blood Market was valued at USD 33 Billion in 2024 and is expected to reach USD 45 Billion by 2031, growing at a compound annual growth rate of 21.80% during the forecast period (2025-2031).
The Global Blood Market is a dynamic and essential sector within the healthcare industry, encompassing the collection, processing, testing, storage, and distribution of blood products for various medical purposes. Key drivers of market growth include the rising prevalence of chronic diseases, increasing surgical procedures, and expanding demand for blood transfusions. The market is characterized by a diverse range of products, including whole blood, red blood cells, platelets, plasma, and plasma derivatives. Major players in the industry include blood banks, hospitals, clinics, and pharmaceutical companies. Technological advancements, such as automation in blood processing and screening techniques, are enhancing efficiency and safety in blood management. Geographically, North America and Europe dominate the market, while emerging economies in Asia-Pacific and Latin America present significant growth opportunities. Regulatory frameworks and ethical considerations surrounding blood collection and transfusion practices play a critical role in shaping the market landscape.
The Global Blood Market is experiencing several key trends and opportunities. One trend is the increasing demand for blood components and products due to rising surgeries, trauma cases, and chronic conditions requiring blood transfusions. Another trend is the growing emphasis on personalized medicine, leading to the development of specialized blood products tailored to individual patient needs. Additionally, advancements in blood screening technologies are enhancing the safety and quality of blood products, boosting market growth. Opportunities lie in expanding blood donation networks in emerging markets, investing in research and development for innovative blood products, and collaborating with healthcare providers to streamline blood supply chains. Overall, the Global Blood Market presents promising prospects for companies to meet the evolving needs of healthcare systems worldwide.
One of the key challenges faced in the Global Blood Market is the issue of supply and demand imbalance. There is often a shortage of blood supply, particularly in developing countries, due to factors such as lack of awareness, infrastructure, and voluntary donors. This imbalance can lead to critical shortages in times of emergencies and disasters, impacting patient care and treatment outcomes. Additionally, ensuring the safety and quality of blood products, addressing regulatory hurdles, and managing the increasing demand for specialized blood components further compound the challenges faced by the industry. Collaborative efforts between governments, healthcare providers, and blood collection agencies are crucial in addressing these issues and improving the overall sustainability and efficiency of the Global Blood Market.
The Global Blood Market is primarily driven by factors such as the increasing prevalence of chronic diseases requiring blood transfusions, rising demand for blood components in surgical procedures and trauma cases, advancements in healthcare infrastructure and blood collection techniques, and growing awareness about the importance of voluntary blood donation. Additionally, the aging population, expanding access to healthcare services in emerging economies, and the development of innovative blood products and technologies are contributing to the market growth. The rising number of blood banks and blood donation drives, along with government initiatives to ensure a safe and adequate blood supply, are also key drivers shaping the Global Blood Market.
Government policies related to the Global Blood Market vary by country, but common themes include regulations on blood donation, processing, and testing to ensure safety and quality standards are met. Many governments have established guidelines for blood centers to follow in order to prevent transmission of diseases through blood transfusions. Additionally, some countries have implemented policies to promote voluntary unpaid blood donation, in an effort to maintain a stable and sustainable blood supply. Government oversight and monitoring of the blood market are critical in ensuring the availability of safe blood products for medical purposes, while also addressing ethical concerns surrounding the commercialization of blood products. Overall, government policies in the Global Blood Market aim to safeguard public health and support the continuous availability of safe blood for transfusions.
The Global Blood Market is expected to witness steady growth in the coming years due to increasing demand for blood products driven by rising prevalence of chronic diseases, surgeries, and trauma cases. Technological advancements in blood screening and processing techniques are also anticipated to contribute to market growth by ensuring the safety and quality of blood products. Additionally, the growing awareness about the importance of blood donation and initiatives to improve access to safe blood transfusions in developing countries are likely to further boost market expansion. However, challenges such as blood supply shortages, regulatory hurdles, and ethical considerations regarding blood sourcing and utilization may hinder market growth to some extent. Overall, the Global Blood Market is poised for continued growth and innovation in the foreseeable future.
In the global blood market, regional insights show varying trends across different regions. Asia is experiencing rapid growth due to increasing healthcare infrastructure and rising awareness about blood donation. North America holds a significant market share, driven by advanced healthcare facilities and high prevalence of chronic diseases. Europe boasts a well-established blood donation system and stringent regulations ensuring blood safety. The Middle East and Africa region faces challenges with limited access to safe blood due to inadequate infrastructure and resources. Latin America is witnessing growth with improving healthcare facilities and rising demand for blood transfusions. Overall, the global blood market is dynamic, with each region facing unique opportunities and challenges impacting the supply and demand of blood products.
Global Blood Market |
1 Executive Summary |
2 Introduction |
2.1 Key Highlights of the Report |
2.2 Report Description |
2.3 Market Scope & Segmentation |
2.4 Research Methodology |
2.5 Assumptions |
3 Global Blood Market Overview |
3.1 Global Regional Macro Economic Indicators |
3.2 Global Blood Market Revenues & Volume, 2021 & 2031F |
3.3 Global Blood Market - Industry Life Cycle |
3.4 Global Blood Market - Porter's Five Forces |
3.5 Global Blood Market Revenues & Volume Share, By Regions, 2021 & 2031F |
3.6 Global Blood Market Revenues & Volume Share, By Product, 2021 & 2031F |
3.7 Global Blood Market Revenues & Volume Share, By End User, 2021 & 2031F |
4 Global Blood Market Dynamics |
4.1 Impact Analysis |
4.2 Market Drivers |
4.3 Market Restraints |
5 Global Blood Market Trends |
6 Global Blood Market, 2021 - 2031 |
6.1 Global Blood Market, Revenues & Volume, By Product, 2021 - 2031 |
6.1.1 Overview & Analysis |
6.1.2 Global Blood Market, Revenues & Volume, By Whole Blood Collection and Processing, 2021 - 2031 |
6.1.3 Global Blood Market, Revenues & Volume, By Source Plasma Collection Consumables, 2021 - 2031 |
6.1.4 Global Blood Market, Revenues & Volume, By Blood Typing Products, 2021 - 2031 |
6.1.5 Global Blood Market, Revenues & Volume, By Blood Screening Products, 2021 - 2031 |
6.2 Global Blood Market, Revenues & Volume, By End User, 2021 - 2031 |
6.2.1 Overview & Analysis |
6.2.2 Global Blood Market, Revenues & Volume, By Blood & Blood Component Bank, 2021 - 2031 |
6.2.3 Global Blood Market, Revenues & Volume, By Diagnostic Laboratories, 2021 - 2031 |
6.2.4 Global Blood Market, Revenues & Volume, By Ambulatory Surgical Centers, 2021 - 2031 |
6.2.5 Global Blood Market, Revenues & Volume, By Blood And Blood Component Bank, 2021 - 2031 |
6.2.6 Global Blood Market, Revenues & Volume, By Others, 2021 - 2031 |
6.3.1 Overview & Analysis |
7 North America Blood Market, Overview & Analysis |
7.1 North America Blood Market Revenues & Volume, 2021 - 2031 |
7.2 North America Blood Market, Revenues & Volume, By Countries, 2021 - 2031 |
7.2.1 United States (US) Blood Market, Revenues & Volume, 2021 - 2031 |
7.2.2 Canada Blood Market, Revenues & Volume, 2021 - 2031 |
7.2.3 Rest of North America Blood Market, Revenues & Volume, 2021 - 2031 |
7.3 North America Blood Market, Revenues & Volume, By Product, 2021 - 2031 |
7.4 North America Blood Market, Revenues & Volume, By End User, 2021 - 2031 |
8 Latin America (LATAM) Blood Market, Overview & Analysis |
8.1 Latin America (LATAM) Blood Market Revenues & Volume, 2021 - 2031 |
8.2 Latin America (LATAM) Blood Market, Revenues & Volume, By Countries, 2021 - 2031 |
8.2.1 Brazil Blood Market, Revenues & Volume, 2021 - 2031 |
8.2.2 Mexico Blood Market, Revenues & Volume, 2021 - 2031 |
8.2.3 Argentina Blood Market, Revenues & Volume, 2021 - 2031 |
8.2.4 Rest of LATAM Blood Market, Revenues & Volume, 2021 - 2031 |
8.3 Latin America (LATAM) Blood Market, Revenues & Volume, By Product, 2021 - 2031 |
8.4 Latin America (LATAM) Blood Market, Revenues & Volume, By End User, 2021 - 2031 |
9 Asia Blood Market, Overview & Analysis |
9.1 Asia Blood Market Revenues & Volume, 2021 - 2031 |
9.2 Asia Blood Market, Revenues & Volume, By Countries, 2021 - 2031 |
9.2.1 India Blood Market, Revenues & Volume, 2021 - 2031 |
9.2.2 China Blood Market, Revenues & Volume, 2021 - 2031 |
9.2.3 Japan Blood Market, Revenues & Volume, 2021 - 2031 |
9.2.4 Rest of Asia Blood Market, Revenues & Volume, 2021 - 2031 |
9.3 Asia Blood Market, Revenues & Volume, By Product, 2021 - 2031 |
9.4 Asia Blood Market, Revenues & Volume, By End User, 2021 - 2031 |
10 Africa Blood Market, Overview & Analysis |
10.1 Africa Blood Market Revenues & Volume, 2021 - 2031 |
10.2 Africa Blood Market, Revenues & Volume, By Countries, 2021 - 2031 |
10.2.1 South Africa Blood Market, Revenues & Volume, 2021 - 2031 |
10.2.2 Egypt Blood Market, Revenues & Volume, 2021 - 2031 |
10.2.3 Nigeria Blood Market, Revenues & Volume, 2021 - 2031 |
10.2.4 Rest of Africa Blood Market, Revenues & Volume, 2021 - 2031 |
10.3 Africa Blood Market, Revenues & Volume, By Product, 2021 - 2031 |
10.4 Africa Blood Market, Revenues & Volume, By End User, 2021 - 2031 |
11 Europe Blood Market, Overview & Analysis |
11.1 Europe Blood Market Revenues & Volume, 2021 - 2031 |
11.2 Europe Blood Market, Revenues & Volume, By Countries, 2021 - 2031 |
11.2.1 United Kingdom Blood Market, Revenues & Volume, 2021 - 2031 |
11.2.2 Germany Blood Market, Revenues & Volume, 2021 - 2031 |
11.2.3 France Blood Market, Revenues & Volume, 2021 - 2031 |
11.2.4 Rest of Europe Blood Market, Revenues & Volume, 2021 - 2031 |
11.3 Europe Blood Market, Revenues & Volume, By Product, 2021 - 2031 |
11.4 Europe Blood Market, Revenues & Volume, By End User, 2021 - 2031 |
12 Middle East Blood Market, Overview & Analysis |
12.1 Middle East Blood Market Revenues & Volume, 2021 - 2031 |
12.2 Middle East Blood Market, Revenues & Volume, By Countries, 2021 - 2031 |
12.2.1 Saudi Arabia Blood Market, Revenues & Volume, 2021 - 2031 |
12.2.2 UAE Blood Market, Revenues & Volume, 2021 - 2031 |
12.2.3 Turkey Blood Market, Revenues & Volume, 2021 - 2031 |
12.3 Middle East Blood Market, Revenues & Volume, By Product, 2021 - 2031 |
12.4 Middle East Blood Market, Revenues & Volume, By End User, 2021 - 2031 |
13 Global Blood Market Key Performance Indicators |
14 Global Blood Market - Export/Import By Countries Assessment |
15 Global Blood Market - Opportunity Assessment |
15.1 Global Blood Market Opportunity Assessment, By Countries, 2021 & 2031F |
15.2 Global Blood Market Opportunity Assessment, By Product, 2021 & 2031F |
15.3 Global Blood Market Opportunity Assessment, By End User, 2021 & 2031F |
16 Global Blood Market - Competitive Landscape |
16.1 Global Blood Market Revenue Share, By Companies, 2024 |
16.2 Global Blood Market Competitive Benchmarking, By Operating and Technical Parameters |
17 Top 10 Company Profiles |
18 Recommendations |
19 Disclaimer |
Export potential enables firms to identify high-growth global markets with greater confidence by combining advanced trade intelligence with a structured quantitative methodology. The framework analyzes emerging demand trends and country-level import patterns while integrating macroeconomic and trade datasets such as GDP and population forecasts, bilateral import–export flows, tariff structures, elasticity differentials between developed and developing economies, geographic distance, and import demand projections. Using weighted trade values from 2020–2024 as the base period to project country-to-country export potential for 2030, these inputs are operationalized through calculated drivers such as gravity model parameters, tariff impact factors, and projected GDP per-capita growth. Through an analysis of hidden potentials, demand hotspots, and market conditions that are most favorable to success, this method enables firms to focus on target countries, maximize returns, and global expansion with data, backed by accuracy.
By factoring in the projected importer demand gap that is currently unmet and could be potential opportunity, it identifies the potential for the Exporter (Country) among 190 countries, against the general trade analysis, which identifies the biggest importer or exporter.
To discover high-growth global markets and optimize your business strategy:
Click Here