Blood Processing and Storage Equipment Market 2025-2033 Trends: Unveiling Growth Opportunities and Competitor Dynamics

Key Insights

The size of the Blood Processing and Storage Equipment Market was valued at USD 44 Billion in 2024 and is projected to reach USD 71.12 Billion by 2033, with an expected CAGR of 7.1% during the forecast period. The market for Blood Processing and Storage Equipment focuses on creating and utilizing technologies aimed at gathering, processing, and preserving blood for healthcare needs. This market includes a range of equipment like blood collection instruments, separation units, blood storage solutions, and monitoring devices. The growing necessity for secure and effective blood management, fueled by increasing healthcare demands, an aging population, and progress in medical therapies, is propelling the expansion of this sector. Notable trends involve the advancement of automated blood separation methods, enhancements in blood preservation processes, and new blood storage solutions to provide extended shelf life and improved quality. With hospitals, blood banks, and healthcare providers aiming for improved and dependable blood management, the need for enhanced blood processing and storage solutions is increasingly growing. Additionally, advancements in refrigeration, sterile management, and real-time blood tracking are anticipated to drive market expansion, improving patient results and increasing the safety of blood transfusions. The Blood Processing and Storage Equipment Market is set for considerable expansion as it adjusts to changing healthcare demands.

Blood Processing and Storage Equipment Market Concentration & Characteristics

The Blood Processing and Storage Equipment Market is moderately concentrated, with a few major players accounting for a significant share of the market. These players include Terumo BCT, Inc., Grifols, S.A., Abbott Laboratories, Beckman Coulter, Inc., and Becton, Dickinson, and Company.

Innovation is a key characteristic of the market, with companies continuously developing new technologies to improve the safety, efficiency, and accuracy of blood processing and storage equipment. Regulatory standards play a significant role in shaping the market, ensuring the compliance and quality of products.

The market is characterized by a high level of M&A activity, as companies seek to expand their product portfolio and gain market share.

Blood Processing and Storage Equipment Market Trends

• Rising Demand for Blood and Blood Components: The global population's growing healthcare needs and the increasing prevalence of chronic diseases, such as cancer and cardiovascular diseases, are driving the demand for blood and blood components.
• Technological Advancements: Advancements in blood processing and storage technologies, such as automated systems, precision instruments, and innovative storage solutions, are improving the efficiency, safety, and accessibility of blood products.
• Government Initiatives: Governments around the world are implementing initiatives to promote safe and efficient blood donation, processing, and storage practices. These initiatives include establishing national blood centers, regulating blood banks, and supporting research and development.
• Focus on Patient Safety: There is a growing emphasis on patient safety in the healthcare industry, leading to increased demand for equipment that ensures the proper handling and storage of blood products.

Key Region or Country & Segment to Dominate the Market

Key Region:

• North America is expected to dominate the Blood Processing and Storage Equipment Market throughout the forecast period. This dominance is primarily due to the region's advanced healthcare infrastructure, well-established blood banking systems, and high prevalence of chronic diseases.

Key Segment:

• Devices: The devices segment is expected to account for a substantial share of the market. This growth is driven by the rising demand for automated blood processing systems, blood bank refrigerators, and ultralow temperature freezers, which ensure optimal storage conditions for blood products.

Blood Processing and Storage Equipment Market Product Insights Report Coverage & Deliverables

Coverage:

• Product Analysis: Comprehensive analysis of product segments, including devices and consumables.
• Market Share Analysis: Detailed market share analysis of key players in each product segment.
• Recent Developments: An overview of recent advancements in blood processing and storage technologies.

Deliverables:

• Report Format: Comprehensive report in PDF format.
• Data Tables: Extensive data tables providing market size and growth estimates.
• Charts and Graphs: Visual representations of key market trends and data.
• Case Studies: Real-world case studies showcasing successful implementations of blood processing and storage equipment.

Blood Processing and Storage Equipment Market Analysis

The Blood Processing and Storage Equipment Market is a rapidly growing market, driven by rising demand for blood products and technological advancements. The market is expected to continue expanding over the forecast period, with North America and Asia Pacific emerging as key growth regions.

Blood Processing and Storage Equipment Market Regional Insights

North America:

• U.S.
• Canada

Europe:

• Germany
• UK
• France
• Italy
• Spain
• Rest of Europe

Asia Pacific:

• China
• Japan
• India
• Australia
• South Korea
• Rest of Asia Pacific

Latin America:

• Brazil
• Mexico
• Argentina
• Rest of Latin America

Middle East & Africa:

• Saudi Arabia
• South Africa
• UAE
• Rest of Middle East & Africa

Driving Forces: What's Propelling the Blood Processing and Storage Equipment Market

• Increasing demand for blood and blood components
• Rising incidence of chronic diseases
• Advancements in blood processing and storage technologies
• Government initiatives aimed at improving blood safety
• Growing focus on patient safety
• Need for efficient and automated blood processing systems

Challenges and Restraints in Blood Processing and Storage Equipment Market

• Stringent regulatory requirements
• High costs associated with equipment and maintenance
• Limited shelf life of blood products
• Concerns regarding the availability of safe blood donors
• Fluctuating demand for blood products

Emerging Trends in Blood Processing and Storage Equipment Market

• Miniaturization of blood processing devices
• Development of automated and integrated blood processing systems
• Use of artificial intelligence (AI) and machine learning (ML) for blood analysis
• Focus on point-of-care blood testing
• Growing adoption of mobile blood donation and storage units

Blood Processing and Storage Equipment Industry News

In January 2022, Hemanext Inc., a manufacturer of medical equipment, announced that the Association for the Advancement of Blood & Biotherapies ("AABB") had recognized Hemanext ONE, the company's cutting-edge blood processing and storage system, for compliance with its industry-recognized quality and safety standards SCoPE Programme. It is the first system to be given this certification of the Hemanext ONE technology, offering both blood processing and storage. These regulatory approvals hasten commercial expansion.

Leading Players in the Blood Processing and Storage Equipment Market

• Beckman Coulter, Inc.
• Thermogenesis Holdings, Inc.
• Maco Pharma International GmbH
• Immucor, Inc.
• Becton, Dickinson, and Company
• Bio-Rad Laboratories, Inc.
• Grifols, S.A.
• Abbott Laboratories
• Global Scientific Company
• Sigma Laborzentrifugen GmbH
• Terumo BCT, Inc.
• Poly Medicure Ltd
• Thermo Fisher Scientific, Inc.
• Biomerieux
• F. Hoffmann-La Roche Ltd

Blood Processing and Storage Equipment Market Segmentation

• 1. Product, 2018-2032 (USD Million)
  • 1.1. Devices
    • 1.1.1. Plasma freezers
    • 1.1.2. Blood bank refrigerators
    • 1.1.3. Lab refrigerators
    • 1.1.4. Lab freezers
    • 1.1.5. Ultralow temperature freezers
    • 1.1.6. Shock freezers
    • 1.1.7. Grouping analyzers
    • 1.1.8. Warmers
    • 1.1.9. Hematocrit centrifuges
    • 1.1.10. Cell processors
  • 1.2. Consumables
    • 1.2.1. Blood administration sets
    • 1.2.2. Blood bags
    • 1.2.3. Blood collection needles
    • 1.2.4. Blood collection tube
    • 1.2.5. Blood filters
    • 1.2.6. Blood lancets
    • 1.2.7. Blood grouping reagents
    • 1.2.8. Blood coagulation reagents
    • 1.2.9. Hematology reagents
    • 1.2.10. Other consumables
• 2. End-use, 2018-2032 (USD Million)
  • 2.1. Blood banks
  • 2.2. Diagnostic laboratories
  • 2.3. Hospitals & clinics
  • 2.4. Other end-users

Blood Processing and Storage Equipment Market Segmentation By Geography

• 1. North America
  • 1.1. U.S.
  • 1.2. Canada
• 2. Europe
  • 2.1. Germany
  • 2.2. UK
  • 2.3. France
  • 2.4. Italy
  • 2.5. Spain
  • 2.6. Rest of Europe
• 3. Asia Pacific
  • 3.1. China
  • 3.2. Japan
  • 3.3. India
  • 3.4. Australia
  • 3.5. South Korea
  • 3.6. Rest of Asia Pacific
• 4. Latin America
  • 4.1. Brazil
  • 4.2. Mexico
  • 4.3. Argentina
  • 4.4. Rest of Latin America
• 5. Middle East & Africa
  • 5.1. Saudi Arabia
  • 5.2. South Africa
  • 5.3. UAE
  • 5.4. Rest of Middle East & Africa