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Blood Platelets Market by Platelet Type (Apheresis derived platelets, Whole-blood derived platelet), by Application (Thrombocytopenia, Hemato-oncology, Perioperative indications, Hemophilia, Platelet function disorders, Other applications), by End-use (Hospitals, Ambulatory surgical centers, Other end-users), by North America (U.S., Canada), by Europe (Germany, UK, France, Spain, Italy, Netherlands, Rest of Europe), by Asia Pacific (China, Japan, India, Australia, South Korea, Rest of Asia Pacific), by Latin America (Brazil, Mexico, Argentina, Rest of Latin America), by Middle East and Africa (South Africa, Saudi Arabia, UAE, Rest of Middle East and Africa) Forecast 2025-2033
The size of the Blood Platelets Market market was valued at USD 5.6 Billion in 2024 and is projected to reach USD 7.47 Billion by 2033, with an expected CAGR of 4.2% during the forecast period. The Blood Platelets Market is growing, and this owes to high prevalence of chronic diseases, ever-growing requirement of platelet transfusions, and improvements in technologies for storage and collection of platelets. They are critical for blood clotting; thus, they are used to treat conditions related to thrombocytopenia, leukemia, and bleeding disorders. Growing surgical operations, trauma patients, and cancer treatments requiring platelet transfusions are increasing the market. In addition, advancements in the preservation of platelets through technology, such as cold storage platelets and pathogen reduction technologies, are increasing product shelf life and availability. Increasing usage of platelet-rich plasma in regenerative medicine, orthopedics, and cosmetic procedures is also adding to market growth. Challenges include short shelf life of platelets (5-7 days), high storage costs, and risks of contamination, which will impede market growth. Apheresis platelet demand is on the rise, as these are derived from a single donor with lower infection risks than those derived from whole blood. The north America market holds the largest position due to its advanced healthcare infrastructure and frequent blood donation drives, but Asia Pacific is emerging as a high-growth region because of increasing awareness and improving healthcare facilities. Government initiatives for blood donation and increased investments in biopharmaceutical research are further driving the market growth.
The Blood Platelets Market is moderately concentrated, with leading players holding a significant market share. Key players include American National Red Cross, Blood Centers of America, and OneBlood. Innovation in platelet collection methods, such as apheresis, and advancements in storage technologies contribute to the market growth. Government regulations and product substitutes from pharmaceutical companies pose challenges to the market. Hospitals and ambulatory surgical centers represent the primary end-users, while M&A activities are prevalent among industry players.
A key market trend is the increasing adoption of apheresis-derived platelets over whole-blood derived platelets due to their higher yield and purity. Thrombocytopenia remains the leading application area, followed by Hemato-oncology and Perioperative indications. Technological advancements, such as automated plateletpheresis systems and point-of-care testing devices, are transforming the market landscape.
North America dominates the Blood Platelets Market, followed by Europe and Asia Pacific. Within these regions, the US, Germany, and China are the key markets. The Apheresis derived platelets segment holds a major market share, driven by the growing preference for this technique. Hospitals account for the largest end-use segment, as they are the primary users of platelets in patient care.
The global Blood Platelets Market size is expected to reach 8.4 Billion by 2027, growing at a CAGR of 4.2% during the forecast period (2023-2027). North America holds the largest market share, contributing over 35% of the global revenue. Rising awareness about the importance of platelets and the increasing prevalence of thrombocytopenia are key factors driving the market growth.
Aspects | Details |
---|---|
Study Period | 2019-2033 |
Base Year | 2024 |
Estimated Year | 2025 |
Forecast Period | 2025-2033 |
Historical Period | 2019-2024 |
Growth Rate | CAGR of 4.2% from 2019-2033 |
Segmentation |
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Note* : In applicable scenarios
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