Blood Donor Management Module Segment to Register Highest CAGR During 2021–2028
According to our latest study on “Blood Bank Information Systems Market Forecast to 2028 – COVID-19 Impact and Global Analysis – by Type, End User and Region,” and in the global blood bank information systems market size is expected to grow from US$ 659.87 Million in 2021 to US$ 1,103.95 Million by 2028; it is estimated to grow at a CAGR of 7.6% from 2021 to 2028. The report highlights the key factors driving the blood bank information systems market growth and prominent players with their developments in the market.
Based on type, the blood bank information systems market is segmented into blood donor management module, blood bank transfusion service module, and others. In 2021, blood donor management module segment held the largest blood bank information systems market share due to increasing cardiovascular devices in the region. However, the blood bank transfusion service module segment is anticipated to register the highest CAGR in the blood bank information systems market during the forecast period. As per estimates by the National Heart, Lung, and Blood Institute, and the National Institutes of Health (NIH), in the US, over 5 million people require blood transfusions every year. Thus, due to the rising number of patients undergoing blood transfusion the segment is likely to grow in the anticipated period.
By end user, the blood bank information systems market is segmented into hospitals and blood banks. The hospitals segment held a considerable share of the market in 2021, likely to continue its dominance in the market during the forecast period. However, the blood bank transfusion service module segment is anticipated to register the highest CAGR in the blood bank information systems market during the forecast period. The rise in blood transfusion and increasing demand of technologically advanced systems are driving the blood bank information systems market growth of the segment in the anticipated period.
The rapid spread of the COVID-19 has provided significant momentum to the blood bank information systems market in 2020. SARS-CoV-2 (also known as COVID-19) has presented an unprecedented difficulty in several areas of medicine, including blood banking. COVID-19 has had a significant detrimental impact on blood collection across the US, requiring blood banks, blood centres, and the US government to implement new regulations to adapt to a reduced blood supply while also protecting donors from COVID-19. Patient blood management and blood bank operations are both affected by these policies. This negatively affected demand for blood bank information systems. Thus, to overcome these safety concerns, the demand for automated processes increased to avoid risk of infection, so the demand for automatic blood banks also increased. Thus, many companies developed programs to upgrade the blood banks to smart blood banks. For instance, in 2020, Haier implemented its automatic blood bank solutions in blood stations at Nanchong City, Sichuan Province, Chifeng City, Inner Mongolia, Wuxi City, etc. However, the pandemic shook the nation with sudden lockdown and led to lack of blood supply due to shortage in blood donors. The growth for the blood bank information systems took initial steps and yet have a long road ahead. Thus, the market is anticipated to have sluggish growth in the forecasted period.
Blood Bank Information Systems Market: Competition Landscape and Key Developments
Cerner Corporation; Allscripts Healthcare, LLC; Haemonetics Corporation; WellSky; Hemosoft; Integrated Medical Systems; Soft Computer Consultants, Inc.; IT Synergistics; Psych? Systems Corporation; and Sunquest Information Systems, Inc. are among the leading companies operating in the blood bank information systems market.
Blood Bank Information Systems Market, by Region, 2021 (%)
Blood Bank Information Systems Market Growth & Analysis 2028
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Blood Bank Information Systems Market Forecast to 2028 - COVID-19 Impact and Global Analysis By Type (Blood Donor Management Module, Blood Bank Transfusion Service Module, and Others), End User (Hospitals and Blood Banks), and Geography
Blood Bank Information Systems Market Growth & Analysis 2028
Download Free SampleBlood Bank Information Systems Market Forecast to 2028 - COVID-19 Impact and Global Analysis By Type (Blood Donor Management Module, Blood Bank Transfusion Service Module, and Others), End User (Hospitals and Blood Banks), and Geography
The blood bank information systems market has been geographically segmented as follows:
Based on geography, the blood bank information systems market is segmented into North America, Europe, Asia Pacific (APAC), Middle East & Africa (MEA), and South & Central America (SCAM). The market in North America is sub-segmented into the US, Canada, and Mexico. The market in Europe is further segmented into France, Germany, the UK, Spain, Italy, and the Rest of Europe. The market in Asia Pacific (APAC) is further segmented into China, India, Japan, Australia, South Korea, and the Rest of Asia Pacific. The market in the Middle East & Africa (MEA) is segmented Into Saudi Arabia, the UAE, South Africa, and the Rest of Middle East & Africa. The market in South and Central America (SCAM) is sub-segmented into Brazil, Argentina, and the Rest of South and Central America.
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