The Blood Banking Devices Market is expected to register a CAGR of 8.1% from 2025 to 2031, with a market size expanding from US$ XX million in 2024 to US$ XX Million by 2031.
The report is segmented By Product (Blood Collection Devices, Blood Processing Devices, and Blood Storage Devices); Method of Collection (Manual Blood Collection, and Automated Blood Collection); End User (Hospitals, Blood Banks, and Others). The global analysis is further broken-down at regional level and major countries. The Report Offers the Value in USD for the above analysis and segments.
Purpose of the ReportThe report Blood Banking Devices Market by The Insight Partners aims to describe the present landscape and future growth, top driving factors, challenges, and opportunities. This will provide insights to various business stakeholders, such as:
- Technology Providers/Manufacturers: To understand the evolving market dynamics and know the potential growth opportunities, enabling them to make informed strategic decisions.
- Investors: To conduct a comprehensive trend analysis regarding the market growth rate, market financial projections, and opportunities that exist across the value chain.
- Regulatory bodies: To regulate policies and police activities in the market with the aim of minimizing abuse, preserving investor trust and confidence, and upholding the integrity and stability of the market.
Blood Banking Devices Market Segmentation
Product- Blood Collection Devices
- Blood Processing Devices
- Blood Storage Devices
- Manual Blood Collection
- Automated Blood Collection
- Hospitals
- Blood Banks
- Others
- North America
- Europe
- Asia-Pacific
- South and Central America
- Middle East and Africa
Strategic Insights
Blood Banking Devices Market Growth Drivers- The Rising prevalence of Blood Disorders: The increasing prevalence of blood disorders like anemia, hemophilia and thalassaemia, increases the consumption of blood banking services and devices. Incidence of diseases like sickle cell disease, thalassemia, blood cancer, particularly in some geographical areas with higher incidences in expected to drive market growth
- Increasing Demand for Blood Transfusions: Many surgical operations, trauma cases, and even cancer treatment usually require a blood transfusion hence the demand for blood banking equipment is on the rise. Also, in emergency cases, there is a need to have blood products on generating the demand for blood banking devices.
- Growing demand for safe Blood Products: The global blood supply has safety, quality, and efficacy issues, which has necessitated blood product regulations. Such additionally increases the need for more sophisticated blood banking devices due to the need to meet the set standards in safety. There is increasing concern on the safety and the quality of the blood products on the market due to transfusion-transmitted infections and adverse effects from use of such products. Systems for processing blood, for instance, pathogen inactivation technology, blood filtration systems, and computerized blood handling systems are key components for improving the quality and safety of blood derived products.
- Technological Advancements: The automation technological breakthroughs, such as automated blood collecting machines and other blood banking supporting equipment and facilities have, changed the dimensions within which blood banking is operated by increasing efficiency and safety. Due to increasing competition among the health care givers to modernize their facilities, the need for advanced blood bank equipment has been on the rise.
- Integration of IT Solutions: The surging inclination towards automation in healthcare industry has led to the increased integration of information technology in blood banking. The increased use of HER and LIMS systems in blood banks is expected to improved data management, streamlined operations, and enhanced traceability of blood products
- Global Health Initiatives: Blood transfusion and blood donations practices in developing regions of the world have gained increased attention that transcends beyond aspirations, as global health campaigns and strategies are seeking to impact in this under developed economies. In addition, various agencies are working on blood donation campaigns that will be sustainable and encourage members of the public to donate blood on a regular basis, such as social media campaign targeting the youth.
- Collaborative Partnerships: There are prospects for the manufacturers to establish relationships with healthcare setups and blood banks in order to come up with solutions such as mobile blood banks or storage infrastructure. Further, private organization working towards a common public health orientated vision may ease the financing of revolutionary blood banking equipment developed by either organization to individual organizations.
- Regulatory Support and Funding: The increase in the market can be attributed to the initiatives and trends of the government support and funding in enhancing the health care system. As well healthcare regulatory agencies actively encourage modernized blood banking care. Additionally, various government organizations the provide fundings for the development of blood banking devices. This may come in the form of grants from National Institutes of Health (NIH) in the U.S. or agencies in other countries.
- Innovation and Improvement: Development of new blood banking technologies, for instance, blood screeners and pathogen reduction devices, calls for a lot of research and development funds, which can, in turn, result in creation of superior products and services in the industry, thus assisting the companies in the market. In addition, also increasing in research activities such as improving storage methods and materials, refrigerated and frozen storage systems for blood products are also being considered to increase the products’ shelf life and maintain quality.
Market Report Scope
Key Selling Points
- Comprehensive Coverage: The report comprehensively covers the analysis of products, services, types, and end users of the Blood Banking Devices Market, providing a holistic landscape.
- Expert Analysis: The report is compiled based on the in-depth understanding of industry experts and analysts.
- Up-to-date Information: The report assures business relevance due to its coverage of recent information and data trends.
- Customization Options: This report can be customized to cater to specific client requirements and suit the business strategies aptly.
The research report on the Blood Banking Devices Market can, therefore, help spearhead the trail of decoding and understanding the industry scenario and growth prospects. Although there can be a few valid concerns, the overall benefits of this report tend to outweigh the disadvantages.
REGIONAL FRAMEWORK
Have a question?
Mrinal
Mrinal will walk you through a 15-minute call to present the report’s content and answer all queries if you have any.
Speak to Analyst
- Sample PDF showcases the content structure and the nature of the information with qualitative and quantitative analysis.
- Request discounts available for Start-Ups & Universities
- Sample PDF showcases the content structure and the nature of the information with qualitative and quantitative analysis.
- Request discounts available for Start-Ups & Universities
Report Coverage
Revenue forecast, Company Analysis, Industry landscape, Growth factors, and Trends
Segment Covered
This text is related
to segments covered.
Regional Scope
North America, Europe, Asia Pacific, Middle East & Africa, South & Central America
Country Scope
This text is related
to country scope.
Frequently Asked Questions
increasing prevelance of blood diosrders and increasing demnad for blood transfusion are the major factors boosting the blood banking devices market growth
BD, Thermo Fisher Scientific Inc., Abbott #Fresenius Kabi AG, Beckman Coulter, Inc., bioMérieux SA, China Biologic Products Holdings, Inc., Immucor, Inc., Intstrumentation Laboratory, LivaNova Plcare the some of the key market players operating in the blood banking devices market
The market is expected to grow at a CAGR of 8.1%
The North America region accounts for highest revenue share blood banking devices market
The final report will duly include market size and projection estimates for all the segments from 2021 to 2031, along with a revenue share and compound annual growth rate (%) for the regional/country-wise market wherein 2021-2022 are the historic years, 2023 is considered to be the base year, and the forecast will be provided till 2031, along with CAGR (%)
Asia Pacific is estimated to grow at the highest CAGR over the forecast year (2023 - 2031)
Table of Contents
1. INTRODUCTION
1.1. SCOPE OF STUDY
1.2. THE INSIGHT PARTNERS RESEARCH REPORT GUIDANCE
2. KEY TAKEAWAYS
3. BLOOD BANKING DEVICES MARKET LANDSCAPE
3.1. MARKET OVERVIEW
3.2. MARKET SEGMENTATION
3.2.1. Blood Banking Devices Market – By Product
3.2.2. Blood Banking Devices Market – By Method of Collection
3.2.3. Blood Banking Devices Market – By End User
3.2.4. Blood Banking Devices Market – By Region
3.2.4.1. By Country
3.3. PEST ANALYSIS
3.3.1. North America – PEST Analysis
3.3.2. Europe – PEST Analysis
3.3.3. Asia Pacific – PEST Analysis
3.3.4. Middle East and Africa – PEST Analysis
3.3.5. South and Central America– PEST Analysis
4. BLOOD BANKING DEVICES MARKET – KEY INDUSTRY DYNAMICS
4.1. KEY MARKET DRIVERS
4.2. KEY MARKET RESTRAINTS
4.3. KEY MARKET OPPORTUNITIES
4.4. FUTURE TRENDS
4.5. IMPACT ANALYSIS
5. BLOOD BANKING DEVICES MARKET – GLOBAL ANALYSIS
5.1. GLOBAL BLOOD BANKING DEVICES MARKET OVERVIEW
5.2. GLOBAL BLOOD BANKING DEVICES MARKET REVENUE FORECASTS AND ANALYSIS (US$ MN)
5.3. MARKET POSITIONING/MARKET SHARE
5.4. PERFORMANCE OF KEY PLAYERS
5.5. EXPERT OPINIONS
6. BLOOD BANKING DEVICES MARKET- GLOBAL REGULATORY SCENARIO
6.1. OVERVIEW
6.2. NORTH AMERICA
6.3. EUROPE
6.4. ASIA PACIFIC
6.5. MIDDLE EAST & AFRICA
6.6. SOUTH AND CENTRAL AMERICA
7. BLOOD BANKING DEVICES MARKET REVENUE AND FORECASTS TO 2028 – BY PRODUCT
7.1. OVERVIEW
7.2. PRODUCT MARKET REVENUE AND FORECASTS ANALYSIS (US$ MN)
7.3. BLOOD COLLECTION DEVICES MARKET
7.3.1. Overview
7.3.2. Blood Collection Devices Market Revenue Forecasts and Analysis (US$ Mn)
7.3.3. Blood Collection Needles Market
7.3.3.1. Overview
7.3.3.2. Blood Collection Needles Market Revenue Forecasts and Analysis (US$ Mn)
7.3.4. Blood Collection Tubes Market
7.3.4.1. Overview
7.3.4.2. Blood Collection Tubes Market Revenue Forecasts and Analysis (US$ Mn)
7.3.5. Needles and Syringes Market
7.3.5.1. Overview
7.3.5.2. Needles and Syringes Market Revenue Forecasts and Analysis (US$ Mn)
7.3.6. Lancets Market
7.3.6.1. Overview
7.3.6.2. Lancets Market Revenue Forecasts and Analysis (US$ Mn)
7.3.7. Vacuum Blood Collection Systems Market
7.3.7.1. Overview
7.3.7.2. Vacuum Blood Collection Systems Market Revenue Forecasts and Analysis (US$ Mn)
7.3.8. Blood Bags Market
7.3.8.1. Overview
7.3.8.2. Blood Bags Market Revenue Forecasts and Analysis (US$ Mn)
7.3.9. Accessories Market
7.3.9.1. Overview
7.3.9.2. Accessories Market Revenue Forecasts and Analysis (US$ Mn)
7.4. BLOOD PROCESSING DEVICES MARKET
7.4.1. Overview
7.4.2. Blood Processing Devices Market Revenue Forecasts and Analysis (US$ Mn)
7.4.3. Blood Grouping Analyzers Market
7.4.3.1. Overview
7.4.3.2. Blood Grouping Analyzers Market Revenue Forecasts and Analysis (US$ Mn)
7.4.4. Blood Cell Processors Market
7.4.4.1. Overview
7.4.4.2. Blood Cell Processors Market Revenue Forecasts and Analysis (US$ Mn)
7.4.5. Blood Filters Market
7.4.5.1. Overview
7.4.5.2. Blood Filters Market Revenue Forecasts and Analysis (US$ Mn)
7.4.6. Centrifuges Market
7.4.6.1. Overview
7.4.6.2. Centrifuges Market Revenue Forecasts and Analysis (US$ Mn)
7.4.7. Others Market
7.4.7.1. Overview
7.4.7.2. Others Market Revenue Forecasts and Analysis (US$ Mn)
7.5. BLOOD STORAGE DEVICES MARKET
7.5.1. Overview
7.5.2. Blood Storage Devices Market Revenue Forecasts and Analysis (US$ Mn)
7.5.3. Blood Bank Refrigerators Market
7.5.3.1. Overview
7.5.3.2. Blood Bank Refrigerators Market Revenue Forecasts and Analysis (US$ Mn)
7.5.4. Blood Bank Freezers Market
7.5.4.1. Overview
7.5.4.2. Blood Bank Freezers Market Revenue Forecasts and Analysis (US$ Mn)
8. BLOOD BANKING DEVICES MARKET REVENUE AND FORECASTS TO 2028 – BY METHOD OF COLLECTION
8.1. OVERVIEW
8.2. METHOD OF COLLECTION MARKET REVENUE AND FORECASTS ANALYSIS (US$ MN)
8.3. MANUAL BLOOD COLLECTION MARKET
8.3.1. Overview
8.3.2. Manual Blood Collection Market Revenue Forecasts and Analysis (US$ Mn)
8.4. AUTOMATED BLOOD COLLECTION MARKET
8.4.1. Overview
8.4.2. Automated Blood Collection Market Revenue Forecasts and Analysis (US$ Mn)
9. BLOOD BANKING DEVICES MARKET REVENUE AND FORECASTS TO 2028 – BY END USER
9.1. OVERVIEW
9.2. END USER MARKET REVENUE AND FORECASTS ANALYSIS (US$ MN)
9.3. HOSPITALS MARKET
9.3.1. Overview
9.3.2. Hospitals Market Revenue Forecasts and Analysis (US$ Mn)
9.4. BLOOD BANKS MARKET
9.4.1. Overview
9.4.2. Blood Banks Market Revenue Forecasts and Analysis (US$ Mn)
9.5. OTHERS MARKET
9.5.1. Overview
9.5.2. Others Market Revenue Forecasts and Analysis (US$ Mn)
10. NORTH AMERICA BLOOD BANKING DEVICES MARKET REVENUE AND FORECASTS TO 2028 – COUNTRY ANALYSIS
10.1. NORTH AMERICA BLOOD BANKING DEVICES MARKET OVERVIEW
10.2. NORTH AMERICA BLOOD BANKING DEVICES MARKET REVENUE FORECASTS AND ANALYSIS (US$ MN)
10.3. NORTH AMERICA BLOOD BANKING DEVICES MARKET REVENUE AND FORECASTS ANALYSIS – BY PRODUCT (US$ MN)
10.3.1. North America Blood Collection Devices Market Revenue and Forecasts Analysis – By Type (US$ Mn)
10.3.2. North America Blood Processing Devices Market Revenue and Forecasts Analysis – By Type (US$ Mn)
10.3.3. North America Blood Storage Devices Market Revenue and Forecasts Analysis – By Type (US$ Mn)
10.4. NORTH AMERICA BLOOD BANKING DEVICES MARKET REVENUE AND FORECASTS ANALYSIS – BY METHOD OF COLLECTION (US$ MN)
10.5. NORTH AMERICA BLOOD BANKING DEVICES MARKET REVENUE AND FORECASTS ANALYSIS – BY END USER (US$ MN)
10.6. NORTH AMERICA BLOOD BANKING DEVICES MARKET REVENUE AND FORECASTS ANALYSIS – BY COUNTRY
10.7. US MARKET OVERVIEW
10.7.1. US Blood Banking Devices Market Revenue Forecasts and Analysis - By Product (US$ Mn)
10.7.1.1. US Blood Collection Devices Market Revenue and Forecasts Analysis – By Type (US$ Mn)
10.7.1.2. US Blood Processing Devices Market Revenue and Forecasts Analysis – By Type (US$ Mn)
10.7.1.3. US Blood Storage Devices Market Revenue and Forecasts Analysis – By Type (US$ Mn)
10.7.2. US Blood Banking Devices Market Revenue Forecasts and Analysis - By Method of Collection (US$ Mn)
10.7.3. US Blood Banking Devices Market Revenue Forecasts and Analysis - By End User (US$ Mn)
10.8. CANADA MARKET OVERVIEW
10.8.1. Canada Blood Banking Devices Market Revenue Forecasts and Analysis - By Product (US$ Mn)
10.8.1.1. Canada Blood Collection Devices Market Revenue and Forecasts Analysis – By Type (US$ Mn)
10.8.1.2. Canada Blood Processing Devices Market Revenue and Forecasts Analysis – By Type (US$ Mn)
10.8.1.3. Canada Blood Storage Devices Market Revenue and Forecasts Analysis – By Type (US$ Mn)
10.8.2. Canada Blood Banking Devices Market Revenue Forecasts and Analysis - By Method of Collection (US$ Mn)
10.8.3. Canada Blood Banking Devices Market Revenue Forecasts and Analysis - By End User (US$ Mn)
10.9. MEXICO MARKET OVERVIEW
10.9.1. Mexico Blood Banking Devices Market Revenue Forecasts and Analysis - By Product (US$ Mn)
10.9.1.1. Mexico Blood Collection Devices Market Revenue and Forecasts Analysis – By Type (US$ Mn)
10.9.1.2. Mexico Blood Processing Devices Market Revenue and Forecasts Analysis – By Type (US$ Mn)
10.9.1.3. Mexico Blood Storage Devices Market Revenue and Forecasts Analysis – By Type (US$ Mn)
10.9.2. Mexico Blood Banking Devices Market Revenue Forecasts and Analysis - By Method of Collection (US$ Mn)
10.9.3. Mexico Blood Banking Devices Market Revenue Forecasts and Analysis - By End User (US$ Mn)
11. EUROPE BLOOD BANKING DEVICES MARKET REVENUE AND FORECASTS TO 2028 – COUNTRY ANALYSIS
11.1. EUROPE BLOOD BANKING DEVICES MARKET OVERVIEW
11.2. EUROPE BLOOD BANKING DEVICES MARKET REVENUE FORECASTS AND ANALYSIS (US$ MN)
11.3. EUROPE BLOOD BANKING DEVICES MARKET REVENUE AND FORECASTS ANALYSIS – BY PRODUCT (US$ MN)
11.3.1. Europe Blood Collection Devices Market Revenue and Forecasts Analysis – By Type (US$ Mn)
11.3.2. Europe Blood Processing Devices Market Revenue and Forecasts Analysis – By Type (US$ Mn)
11.3.3. Europe Blood Storage Devices Market Revenue and Forecasts Analysis – By Type (US$ Mn)
11.4. EUROPE BLOOD BANKING DEVICES MARKET REVENUE AND FORECASTS ANALYSIS – BY METHOD OF COLLECTION (US$ MN)
11.5. EUROPE BLOOD BANKING DEVICES MARKET REVENUE AND FORECASTS ANALYSIS – BY END USER (US$ MN)
11.6. EUROPE BLOOD BANKING DEVICES MARKET REVENUE AND FORECASTS ANALYSIS – BY COUNTRY
11.7. UK MARKET OVERVIEW
11.7.1. UK Blood Banking Devices Market Revenue Forecasts and Analysis - By Product (US$ Mn)
11.7.1.1. UK Blood Collection Devices Market Revenue and Forecasts Analysis – By Type (US$ Mn)
11.7.1.2. UK Blood Processing Devices Market Revenue and Forecasts Analysis – By Type (US$ Mn)
11.7.1.3. UK Blood Storage Devices Market Revenue and Forecasts Analysis – By Type (US$ Mn)
11.7.2. UK Blood Banking Devices Market Revenue Forecasts and Analysis - By Method of Collection (US$ Mn)
11.7.3. UK Blood Banking Devices Market Revenue Forecasts and Analysis - By End User (US$ Mn)
11.8. GERMANY MARKET OVERVIEW
11.8.1. Germany Blood Banking Devices Market Revenue Forecasts and Analysis - By Product (US$ Mn)
11.8.1.1. Germany Blood Collection Devices Market Revenue and Forecasts Analysis – By Type (US$ Mn)
11.8.1.2. Germany Blood Processing Devices Market Revenue and Forecasts Analysis – By Type (US$ Mn)
11.8.1.3. Germany Blood Storage Devices Market Revenue and Forecasts Analysis – By Type (US$ Mn)
11.8.2. Germany Blood Banking Devices Market Revenue Forecasts and Analysis - By Method of Collection (US$ Mn)
11.8.3. Germany Blood Banking Devices Market Revenue Forecasts and Analysis - By End User (US$ Mn)
11.9. FRANCE MARKET OVERVIEW
11.9.1. France Blood Banking Devices Market Revenue Forecasts and Analysis - By Product (US$ Mn)
11.9.1.1. France Blood Collection Devices Market Revenue and Forecasts Analysis – By Type (US$ Mn)
11.9.1.2. France Blood Processing Devices Market Revenue and Forecasts Analysis – By Type (US$ Mn)
11.9.1.3. France Blood Storage Devices Market Revenue and Forecasts Analysis – By Type (US$ Mn)
11.9.2. France Blood Banking Devices Market Revenue Forecasts and Analysis - By Method of Collection (US$ Mn)
11.9.3. France Blood Banking Devices Market Revenue Forecasts and Analysis - By End User (US$ Mn)
12. ASIA PACIFIC BLOOD BANKING DEVICES MARKET REVENUE AND FORECASTS TO 2028 – COUNTRY ANALYSIS
12.1. ASIA PACIFIC BLOOD BANKING DEVICES MARKET OVERVIEW
12.2. ASIA PACIFIC BLOOD BANKING DEVICES MARKET REVENUE FORECASTS AND ANALYSIS (US$ MN)
12.3. ASIA PACIFIC BLOOD BANKING DEVICES MARKET REVENUE AND FORECASTS ANALYSIS – BY PRODUCT (US$ MN)
12.3.1. Asia Pacific Blood Collection Devices Market Revenue and Forecasts Analysis – By Type (US$ Mn)
12.3.2. Asia Pacific Blood Processing Devices Market Revenue and Forecasts Analysis – By Type (US$ Mn)
12.3.3. Asia Pacific Blood Storage Devices Market Revenue and Forecasts Analysis – By Type (US$ Mn)
12.4. ASIA PACIFIC BLOOD BANKING DEVICES MARKET REVENUE AND FORECASTS ANALYSIS – BY METHOD OF COLLECTION (US$ MN)
12.5. ASIA PACIFIC BLOOD BANKING DEVICES MARKET REVENUE AND FORECASTS ANALYSIS – BY END USER (US$ MN)
12.6. ASIA PACIFIC BLOOD BANKING DEVICES MARKET REVENUE AND FORECASTS ANALYSIS – BY COUNTRY
12.7. JAPAN MARKET OVERVIEW
12.7.1. Japan Blood Banking Devices Market Revenue Forecasts and Analysis - By Product (US$ Mn)
12.7.1.1. Japan Blood Collection Devices Market Revenue and Forecasts Analysis – By Type (US$ Mn)
12.7.1.2. Japan Blood Processing Devices Market Revenue and Forecasts Analysis – By Type (US$ Mn)
12.7.1.3. Japan Blood Storage Devices Market Revenue and Forecasts Analysis – By Type (US$ Mn)
12.7.2. Japan Blood Banking Devices Market Revenue Forecasts and Analysis - By Method of Collection (US$ Mn)
12.7.3. Japan Blood Banking Devices Market Revenue Forecasts and Analysis - By End User (US$ Mn)
12.8. CHINA MARKET OVERVIEW
12.8.1. China Blood Banking Devices Market Revenue Forecasts and Analysis - By Product (US$ Mn)
12.8.1.1. China Blood Collection Devices Market Revenue and Forecasts Analysis – By Type (US$ Mn)
12.8.1.2. China Blood Processing Devices Market Revenue and Forecasts Analysis – By Type (US$ Mn)
12.8.1.3. China Blood Storage Devices Market Revenue and Forecasts Analysis – By Type (US$ Mn)
12.8.2. China Blood Banking Devices Market Revenue Forecasts and Analysis - By Method of Collection (US$ Mn)
12.8.3. China Blood Banking Devices Market Revenue Forecasts and Analysis - By End User (US$ Mn)
12.9. INDIA MARKET OVERVIEW
12.9.1. India Blood Banking Devices Market Revenue Forecasts and Analysis - By Product (US$ Mn)
12.9.1.1. India Blood Collection Devices Market Revenue and Forecasts Analysis – By Type (US$ Mn)
12.9.1.2. India Blood Processing Devices Market Revenue and Forecasts Analysis – By Type (US$ Mn)
12.9.1.3. India Blood Storage Devices Market Revenue and Forecasts Analysis – By Type (US$ Mn)
12.9.2. India Blood Banking Devices Market Revenue Forecasts and Analysis - By Method of Collection (US$ Mn)
12.9.3. India Blood Banking Devices Market Revenue Forecasts and Analysis - By End User (US$ Mn)
13. MIDDLE EAST AND AFRICA (MEA) BLOOD BANKING DEVICES MARKET REVENUE AND FORECASTS TO 2028 – COUNTRY ANALYSIS
13.1. MIDDLE EAST AND AFRICA BLOOD BANKING DEVICES MARKET OVERVIEW
13.2. MIDDLE EAST AND AFRICA BLOOD BANKING DEVICES MARKET REVENUE FORECASTS AND ANALYSIS (US$ MN)
13.3. MIDDLE EAST AND AFRICA BLOOD BANKING DEVICES MARKET REVENUE AND FORECASTS ANALYSIS – BY PRODUCT (US$ MN)
13.3.1. Middle East and Africa Blood Collection Devices Market Revenue and Forecasts Analysis – By Type (US$ Mn)
13.3.2. Middle East and Africa Blood Processing Devices Market Revenue and Forecasts Analysis – By Type (US$ Mn)
13.3.3. Middle East and Africa Blood Storage Devices Market Revenue and Forecasts Analysis – By Type (US$ Mn)
13.3.4. Middle East and Africa Blood Processing Devices Market Volume and Forecasts Analysis – By
13.4. MIDDLE EAST AND AFRICA BLOOD BANKING DEVICES MARKET REVENUE AND FORECASTS ANALYSIS – BY METHOD OF COLLECTION (US$ MN)
13.5. MIDDLE EAST AND AFRICA BLOOD BANKING DEVICES MARKET REVENUE AND FORECASTS ANALYSIS – BY END USER (US$ MN)
13.6. MIDDLE EAST AND AFRICA BLOOD BANKING DEVICES MARKET REVENUE AND FORECASTS ANALYSIS – BY COUNTRY
13.7. SOUTH AFRICA MARKET OVERVIEW
13.7.1.1. South Africa Blood Collection Devices Market Revenue and Forecasts Analysis – By Type (US$ Mn)
13.7.1.2. South Africa Blood Processing Devices Market Revenue and Forecasts Analysis – By Type (US$ Mn)
13.7.1.3. South Africa Blood Storage Devices Market Revenue and Forecasts Analysis – By Type (US$ Mn)
13.7.2. South Africa Blood Banking Devices Market Revenue Forecasts and Analysis - By Method of Collection (US$ Mn)
13.7.3. South Africa Blood Banking Devices Market Revenue Forecasts and Analysis - By End User (US$ Mn)
13.8. SAUDI ARABIA MARKET OVERVIEW
13.8.1. Saudi Arabia Blood Banking Devices Market Revenue Forecasts and Analysis - By Product (US$ Mn)
13.8.1.1. Saudi Arabia Blood Collection Devices Market Revenue and Forecasts Analysis – By Type (US$ Mn)
13.8.1.2. Saudi Arabia Blood Processing Devices Market Revenue and Forecasts Analysis – By Type (US$ Mn)
13.8.1.3. Saudi Arabia Blood Storage Devices Market Revenue and Forecasts Analysis – By Type (US$ Mn)
13.8.2. Saudi Arabia Blood Banking Devices Market Revenue Forecasts and Analysis - By Method of Collection (US$ Mn)
13.8.3. Saudi Arabia Blood Banking Devices Market Revenue Forecasts and Analysis - By End User (US$ Mn)
13.9. UAE MARKET OVERVIEW
13.9.1. UAE Blood Banking Devices Market Revenue Forecasts and Analysis - By Product (US$ Mn)
13.9.1.1. UAE Blood Collection Devices Market Revenue and Forecasts Analysis – By Type (US$ Mn)
13.9.1.2. UAE Blood Processing Devices Market Revenue and Forecasts Analysis – By Type (US$ Mn)
13.9.1.3. UAE Blood Storage Devices Market Revenue and Forecasts Analysis – By Type (US$ Mn)
13.9.2. UAE Blood Banking Devices Market Revenue Forecasts and Analysis - By Method of Collection (US$ Mn)
13.9.3. UAE Blood Banking Devices Market Revenue Forecasts and Analysis - By End User (US$ Mn)
14. SOUTH AND CENTRAL AMERICA BLOOD BANKING DEVICES MARKET REVENUE AND FORECASTS TO 2028 – COUNTRY ANALYSIS
14.1. SOUTH AND CENTRAL AMERICA BLOOD BANKING DEVICES MARKET OVERVIEW
14.2. SOUTH AND CENTRAL AMERICA BLOOD BANKING DEVICES MARKET REVENUE FORECASTS AND ANALYSIS (US$ MN)
14.3. SOUTH AND CENTRAL AMERICA BLOOD BANKING DEVICES MARKET REVENUE AND FORECASTS ANALYSIS – BY PRODUCT (US$ MN)
14.3.1. South and Central America Blood Collection Devices Market Revenue and Forecasts Analysis – By Type (US$ Mn)
14.3.2. South and Central America Blood Processing Devices Market Revenue and Forecasts Analysis – By Type (US$ Mn)
14.3.3. South and Central America Blood Storage Devices Market Revenue and Forecasts Analysis – By Type (US$ Mn)
14.4. SOUTH AND CENTRAL AMERICA BLOOD BANKING DEVICES MARKET REVENUE AND FORECASTS ANALYSIS – BY METHOD OF COLLECTION (US$ MN)
14.5. SOUTH AND CENTRAL AMERICA BLOOD BANKING DEVICES MARKET REVENUE AND FORECASTS ANALYSIS – BY END USER (US$ MN)
14.6. SOUTH AND CENTRAL AMERICA BLOOD BANKING DEVICES MARKET REVENUE AND FORECASTS ANALYSIS – BY COUNTRY
14.7. BRAZIL MARKET OVERVIEW
14.7.1. Brazil Blood Banking Devices Market Revenue Forecasts and Analysis - By Product (US$ Mn)
14.7.1.1. Brazil Blood Collection Devices Market Revenue and Forecasts Analysis – By Type (US$ Mn)
14.7.1.2. Brazil Blood Processing Devices Market Revenue and Forecasts Analysis – By Type (US$ Mn)
14.7.1.3. Brazil Blood Storage Devices Market Revenue and Forecasts Analysis – By Type (US$ Mn)
14.7.2. Brazil Blood Banking Devices Market Revenue Forecasts and Analysis - By Method of Collection (US$ Mn)
14.7.3. Brazil Blood Banking Devices Market Revenue Forecasts and Analysis - By End User (US$ Mn)
15. INDUSTRY LANDSCAPE
15.1. ORGANIC GROWTH STRATEGIES
15.1.1. New Product Launches
15.1.2. Marketing & Promotional Activities
15.2. INORGANIC GROWTH STRATEGIES
15.2.1. Partnerships, Collaborations, and Joint Ventures
15.2.2. Mergers & Acquisitions
16. BLOOD BANKING DEVICES MARKET, KEY COMPANY PROFILES
16.1. BECTON, DICKINSON AND COMPANY
16.1.1. Key Facts
16.1.2. Business Description
16.1.3. Financial Overview
16.1.4. Product Portfolio
16.1.5. Product Pipeline
16.1.6. SWOT Analysis
16.1.7. Key Developments
16.2. THERMO FISHER SCIENTIFIC, INC.
16.2.1. Key Facts
16.2.2. Business Description
16.2.3. Financial Overview
16.2.4. Product Portfolio
16.2.5. Product Pipeline
16.2.6. SWOT Analysis
16.2.7. Key Developments
16.3. ABBOTT
16.3.1. Key Facts
16.3.2. Business Description
16.3.3. Financial Overview
16.3.4. Product Portfolio
16.3.5. Product Pipeline
16.3.6. SWOT Analysis
16.3.7. Key Developments
16.4. FRASENIUS KABI AG
16.4.1. Key Facts
16.4.2. Business Description
16.4.3. Financial Overview
16.4.4. Product Portfolio
16.4.5. Product Pipeline
16.4.6. SWOT Analysis
16.4.7. Key Developments
16.5. BECKMAN COULTER, INC.
16.5.1. Key Facts
16.5.2. Business Description
16.5.3. Financial Overview
16.5.4. Product Portfolio
16.5.5. Product Pipeline
16.5.6. SWOT Analysis
16.5.7. Key Developments
16.6. BIOMÉRIEUX SA
16.6.1. Key Facts
16.6.2. Business Description
16.6.3. Financial Overview
16.6.4. Product Portfolio
16.6.5. Product Pipeline
16.6.6. SWOT Analysis
16.6.7. Key Developments
16.7. CHINA BIOLOGIC PRODUCTS HOLDINGS, INC.
16.7.1. Key Facts
16.7.2. Business Description
16.7.3. Financial Overview
16.7.4. Product Portfolio
16.7.5. Product Pipeline
16.7.6. SWOT Analysis
16.7.7. Key Developments
16.8. IMMUCOR, INC.
16.8.1. Key Facts
16.8.2. Business Description
16.8.3. Financial Overview
16.8.4. Product Portfolio
16.8.5. Product Pipeline
16.8.6. SWOT Analysis
16.8.7. Key Developments
16.9. INTSTRUMENTATION LABORATORY
16.9.1. Key Facts
16.9.2. Business Description
16.9.3. Financial Overview
16.9.4. Product Portfolio
16.9.5. Product Pipeline
16.9.6. SWOT Analysis
16.9.7. Key Developments
16.10. F. HOFFMANN-LA ROCHE LTD
16.10.1. Key Facts
16.10.2. Business Description
16.10.3. Financial Overview
16.10.4. Product Portfolio
16.10.5. Product Pipeline
16.10.6. SWOT Analysis
16.10.7. Key Developments
17. APPENDIX
17.1. ABOUT THE INSIGHT PARTNERS
17.2. GLOSSARY OF TERMS
17.3. RESEARCH METHODOLOGY
- BD
- Thermo Fisher Scientific Inc.
- Abbott
- Fresenius Kabi AG
- Beckman Coulter, Inc.
- bioMérieux SA
- China Biologic Products Holdings, Inc.
- Immucor, Inc.
- Intstrumentation Laboratory
- F. Hoffmann-La Roche Ltd
The Insight Partners performs research in 4 major stages: Data Collection & Secondary Research, Primary Research, Data Analysis and Data Triangulation & Final Review.
- Data Collection and Secondary Research:
As a market research and consulting firm operating from a decade, we have published many reports and advised several clients across the globe. First step for any study will start with an assessment of currently available data and insights from existing reports. Further, historical and current market information is collected from Investor Presentations, Annual Reports, SEC Filings, etc., and other information related to company’s performance and market positioning are gathered from Paid Databases (Factiva, Hoovers, and Reuters) and various other publications available in public domain.
Several associations trade associates, technical forums, institutes, societies and organizations are accessed to gain technical as well as market related insights through their publications such as research papers, blogs and press releases related to the studies are referred to get cues about the market. Further, white papers, journals, magazines, and other news articles published in the last 3 years are scrutinized and analyzed to understand the current market trends.
- Primary Research:
The primarily interview analysis comprise of data obtained from industry participants interview and answers to survey questions gathered by in-house primary team.
For primary research, interviews are conducted with industry experts/CEOs/Marketing Managers/Sales Managers/VPs/Subject Matter Experts from both demand and supply side to get a 360-degree view of the market. The primary team conducts several interviews based on the complexity of the markets to understand the various market trends and dynamics which makes research more credible and precise.
A typical research interview fulfils the following functions:
- Provides first-hand information on the market size, market trends, growth trends, competitive landscape, and outlook
- Validates and strengthens in-house secondary research findings
- Develops the analysis team’s expertise and market understanding
Primary research involves email interactions and telephone interviews for each market, category, segment, and sub-segment across geographies. The participants who typically take part in such a process include, but are not limited to:
- Industry participants: VPs, business development managers, market intelligence managers and national sales managers
- Outside experts: Valuation experts, research analysts and key opinion leaders specializing in the electronics and semiconductor industry.
Below is the breakup of our primary respondents by company, designation, and region:
Once we receive the confirmation from primary research sources or primary respondents, we finalize the base year market estimation and forecast the data as per the macroeconomic and microeconomic factors assessed during data collection.
- Data Analysis:
Once data is validated through both secondary as well as primary respondents, we finalize the market estimations by hypothesis formulation and factor analysis at regional and country level.
- 3.1 Macro-Economic Factor Analysis:
We analyse macroeconomic indicators such the gross domestic product (GDP), increase in the demand for goods and services across industries, technological advancement, regional economic growth, governmental policies, the influence of COVID-19, PEST analysis, and other aspects. This analysis aids in setting benchmarks for various nations/regions and approximating market splits. Additionally, the general trend of the aforementioned components aid in determining the market's development possibilities.
- 3.2 Country Level Data:
Various factors that are especially aligned to the country are taken into account to determine the market size for a certain area and country, including the presence of vendors, such as headquarters and offices, the country's GDP, demand patterns, and industry growth. To comprehend the market dynamics for the nation, a number of growth variables, inhibitors, application areas, and current market trends are researched. The aforementioned elements aid in determining the country's overall market's growth potential.
- 3.3 Company Profile:
The “Table of Contents” is formulated by listing and analyzing more than 25 - 30 companies operating in the market ecosystem across geographies. However, we profile only 10 companies as a standard practice in our syndicate reports. These 10 companies comprise leading, emerging, and regional players. Nonetheless, our analysis is not restricted to the 10 listed companies, we also analyze other companies present in the market to develop a holistic view and understand the prevailing trends. The “Company Profiles” section in the report covers key facts, business description, products & services, financial information, SWOT analysis, and key developments. The financial information presented is extracted from the annual reports and official documents of the publicly listed companies. Upon collecting the information for the sections of respective companies, we verify them via various primary sources and then compile the data in respective company profiles. The company level information helps us in deriving the base number as well as in forecasting the market size.
- 3.4 Developing Base Number:
Aggregation of sales statistics (2020-2022) and macro-economic factor, and other secondary and primary research insights are utilized to arrive at base number and related market shares for 2022. The data gaps are identified in this step and relevant market data is analyzed, collected from paid primary interviews or databases. On finalizing the base year market size, forecasts are developed on the basis of macro-economic, industry and market growth factors and company level analysis.
- Data Triangulation and Final Review:
The market findings and base year market size calculations are validated from supply as well as demand side. Demand side validations are based on macro-economic factor analysis and benchmarks for respective regions and countries. In case of supply side validations, revenues of major companies are estimated (in case not available) based on industry benchmark, approximate number of employees, product portfolio, and primary interviews revenues are gathered. Further revenue from target product/service segment is assessed to avoid overshooting of market statistics. In case of heavy deviations between supply and demand side values, all thes steps are repeated to achieve synchronization.
We follow an iterative model, wherein we share our research findings with Subject Matter Experts (SME’s) and Key Opinion Leaders (KOLs) until consensus view of the market is not formulated – this model negates any drastic deviation in the opinions of experts. Only validated and universally acceptable research findings are quoted in our reports.
We have important check points that we use to validate our research findings – which we call – data triangulation, where we validate the information, we generate from secondary sources with primary interviews and then we re-validate with our internal data bases and Subject matter experts. This comprehensive model enables us to deliver high quality, reliable data in shortest possible time.
Get Free Sample For