The blood bank information systems market is projected to reach US$ 1,103.95 million by 2028 from US$ 659.87 Million in 2021; it is expected to grow at a CAGR of 7.6% from 2021 to 2028.

The rising number of blood donors and blood donations is one of the key factors driving the blood bank information systems market size. Hematologic diseases are the second-leading cause of the rising demand for blood. According to World Health Organization (WHO), approximately 118.4 million blood donations are collected from across the globe. Out of which 40% of these are collected in high-income countries. Moreover, there are around 13,300 blood centers in 169 countries that report a collection of 106 million donations. Additionally, WHO also states that according to the gender profile of blood donors, globally 33% of the blood donations are given by women. It has also been reported that an increase of 7.8 million blood donations from voluntary unpaid donors has been witnessed by 156 countries from 2013 to 2018. The highest increase of voluntary unpaid blood donations is witnessed in the Regions of Americas with 25% and 23% in Africa. Thus, fueling the demand for blood bank information systems market growth.

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Blood Bank Information Systems Market: Strategic Insights

Blood Bank Information Systems Market

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  CAGR (2021 - 2028)

  7.6%
• Market Size 2021
  US$ 659.87 Million
• Market Size 2028
  US$ 1,103.95 Million

Market Dynamics

GROWTH DRIVERS

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FUTURE TRENDS

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OPPORTUNITIES

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Key Players

• Hemosoft
• Cerner Corporation
• Allscripts Healthcare, LLC
• Haemonetics Corporation
• Integrated Medical Systems
• Soft Computer Consultants, Inc.
• IT Synergistics
• Pysche Systems Corporation
• Wellsky

Regional Overview

• North America
• Europe
• Asia-Pacific
• South and Central America
• Middle East and Africa

Market Segmentation

Type

• Blood Donor Management Module
• Blood Bank Transfusion Service Module
• Others

End User

• Hospitals and Blood Banks

Geography

• North America
• Europe
• Asia Pacific
• Middle East and Africa
• South and Central America

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North America held the largest share of the blood bank information systems market and is expected to continue its position in the blood bank information systems market over the coming years. The factors that have enabled the North America region to be the largest market include increasing demand for safe blood transfusion and the rising number of hospitals and blood banks in the region. Moreover, rising awareness among people about donating blood has also contributed to the growth of the blood bank information systems market in the region. The American Red Cross (ARC) collects about 45% of the 14 million units of whole blood available for use annually in the US. Other community blood banks collect about 42%, hospitals collect about 11%, and the remaining 2% are imported. Hospital blood banks must have a computer-based information system to comply with requirements. Thus, the factors mentioned above are driving the blood bank information systems market growth.

Market Insights

Significant Rise in the Prevalence of Hematologic Diseases Drives Blood Bank Information Systems Market Growth

The increasing prevalence of blood cancer, including leukemia, has led to a significant rise in blood transfusion procedures and bone marrow cell transplants. According to American Red Cross, it has been found that around 29,000 units of red blood cells are required each day in the US. Also, nearly 5,000 units of platelets and 6,500 units of plasma are needed everyday in the US. Additionally, 16 million blood components are transfused each year in the US. Also, they reported that more than 1.8 million people were diagnosed with cancer in 2020. Thus, the rising hematologic diseases have led to the surge in demand for blood transfusions, which has further fueled the demand for blood bank information systems globally.

Type Based Insights

Based on type, the blood bank information systems market is segmented into blood donor management module, blood bank transfusion service module, and others. The blood donor management module segment is accounting for the largest market share and is expected to lead the blood bank information systems market during the forecast period. Blood donor management modules have gained attention in the global blood bank information systems market due to their information system that maintains daily transactions in a blood bank. The system maintains many records, and the search for blood is made very efficient and quick. Many companies are launching this system, such as HEMOSOFT has been serving the Turkish Red Crescent in the capacity of the national blood banking software in the blood centers and regional blood centers across the country. Further, it employs warning, advice, and decision-making tools to ensure errors are avoided, and that processing is completed quickly. The factors mentioned above have further fostered the blood donor management module segment growth in the market.

End User Based Insights

By end-user, the blood bank information systems market is segmented into hospitals and blood banks. The hospital segment is likely to hold the largest share of the blood bank information systems market in 2021, and it’s attributed to continue its dominance in the blood bank information systems market during the forecast period. Blood bank is a type of healthcare setting that provides services related to the storage of blood and its components and has an advanced blood storage facility to store different blood groups. The blood banks also deal with preserving the blood samples and blood bags that the donors donate. This blood is used for patients in an emergency such as blood loss during surgery, blood cancer, and other blood-related disorders. American Heart Association (AHA) approved the hospitals to develop blood bank facilities at the hospital level to make quick and easy availability of blood in case of emergency. The aforementioned factors have raised the demand for blood bank information systems.

 

Companies operating in the blood bank information systems market adopt the product innovation strategy to meet the evolving customer demands worldwide, which also permits them to maintain their brand name in the global blood bank information systems market.

Blood Bank Information Systems Market – Segmentation

Based on type, the blood bank information systems market is segmented into blood donor management module, blood bank transfusion service module, and others

By end user, the blood bank information systems market is segmented into hospitals and blood banks

Blood Bank Information Systems Market Report Scope

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Blood Bank Information Systems Market – by Geography

• North America
  • US
  • Canada
  • Mexico
• Europe
  • France
  • Germany
  • Italy
  • UK
  • Spain
  • Rest of Europe
• Asia Pacific (APAC)
  • China
  • India
  • South Korea
  • Japan
  • Australia
  • Rest of APAC
• Middle East and Africa (MEA)
  • South Africa
  • Saudi Arabia
  • UAE
  • Rest of MEA
• South and Central America (SCAM)
  • Brazil
  • Argentina
  • Rest of SCAM

Company Profiles

• Hemosoft
• Cerner Corporation
• Allscripts Healthcare, LLC
• Haemonetics Corporation
• Integrated Medical Systems
• Soft Computer Consultants, Inc.
• IT Synergistics
• Pysche Systems Corporation
• Wellsky
• Sunquest Information Systems, Inc.