PUBLISHER: TechNavio | PRODUCT CODE: 1398159
PUBLISHER: TechNavio | PRODUCT CODE: 1398159
The blood market is forecasted to grow by USD 2.60 bn during 2023-2028, accelerating at a CAGR of 5.94% during the forecast period. The report on the blood market provides a holistic analysis, market size and forecast, trends, growth drivers, and challenges, as well as vendor analysis covering around 25 vendors.
The report offers an up-to-date analysis regarding the current market scenario, the latest trends and drivers, and the overall market environment. The market is driven by the rising number of hospitals and blood banks, a rise in a number of road accidents and sports injuries, and an increasing number of surgical, dialysis, and blood transfusion procedures.
Market Scope | |
---|---|
Base Year | 2023 |
End Year | 2028 |
Series Year | 2024-2028 |
Growth Momentum | Accelerate |
YOY 2024 | 5.11% |
CAGR | 5.94% |
Incremental Value | $2.60bn |
Technavio's blood market is segmented as below:
By Product
By End-user
By Geographical Landscape
This study identifies the rising awareness about blood donation as one of the prime reasons driving the blood market growth during the next few years. Also, rising demand for blood products and rising demand for cord blood banking will lead to sizable demand in the market.
The report on the blood market covers the following areas:
The robust vendor analysis is designed to help clients improve their market position, and in line with this, this report provides a detailed analysis of several leading blood market vendors that include Abbott Laboratories, AXO Science, BAG Health Care GmbH, Becton Dickinson and Co., Bio Rad Laboratories Inc., Cardinal Health Inc., CSL Ltd., Danaher Corp., DIAGAST SAS, F. Hoffmann La Roche Ltd., Grifols SA, Haemonetics Corp., Medtronic Plc, Merck KGaA, Mesa Laboratories Inc., Nipro Corp., QuidelOrtho Corp., Rapid Labs Ltd., Terumo Corp., Thermo Fisher Scientific Inc., and Werfenlife SA. Also, the blood market analysis report includes information on upcoming trends and challenges that will influence market growth. This is to help companies strategize and leverage all forthcoming growth opportunities.
The study was conducted using an objective combination of primary and secondary information including inputs from key participants in the industry. The report contains a comprehensive market and vendor landscape in addition to an analysis of the key vendors.
The publisher presents a detailed picture of the market by the way of study, synthesis, and summation of data from multiple sources by an analysis of key parameters such as profit, pricing, competition, and promotions. It presents various market facets by identifying the key industry influencers. The data presented is comprehensive, reliable, and a result of extensive research - both primary and secondary. The market research reports provide a complete competitive landscape and an in-depth vendor selection methodology and analysis using qualitative and quantitative research to forecast the accurate market growth.
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