Whole Blood Segment to Lead Blood Bank Market during 2021–2028
According to our latest study on “Blood Bank Market Forecast to 2028 – COVID-19 Impact and Country Analysis – by Type, Function, Bank Type, and End User,” the market is projected to reach US$ 7,666.69 million by 2028 from US$ 5,396.79 million in 2021; it is estimated to grow at a CAGR of 5.1% from 2021 to 2028. The report highlights the key factors governing the market growth and prominent players with their developments in the market. The growth of the blood bank market is primarily attributed to the high prevalence of hematologic diseases and the rise in the number of road accidents across the US. However, failure to comply with regulations is restraining the market growth.
Based on type, the blood bank market is further segmented into whole blood, RBC, platelets, plasma, and WBC. The whole blood segment would hold the largest market share in 2021. The growth of the market for this segment is attributed to an increase in blood transfusion and chronic diseases.
Interstate Blood Bank, Inc., Vitalant, New York Blood Center, The American National Red Cross, Blood Centers of America, CSL Plasma, America’s Blood Centers, San Diego Blood Bank, and Bloodworks Northwest are a few of the leading companies operating in the United States blood bank market.
The Report Segments Blood Bank Market as Follows:
The blood bank market is segmented on the basis of type, function, bank type, and end-user. Based on type, the market is further segmented into whole blood, RBC, platelets, plasma, WBC. Based on function, the market is further segmented into the collection, processing, testing, storage, transportation. Based on bank type, the blood bank market is further segmented into private and public. Based on end-user, the blood bank market is sub-segmented into hospitals, ambulatory surgery centers, pharmaceutical companies, and others. Geographically, the blood bank market is segmented into the United States.
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