The Blood Banking Equipment Market is projected to reach $24.26 billion by 2030, at a CAGR of 4.6% from 2023 to 2030. Traditionally, a blood bank accumulates, segregates, tests, and stores blood and blood products until patients' requirements. Blood banking equipment is used in these blood banks to preserve and store human blood and blood products. This blood banking equipment market report covers blood collection equipment, blood processing equipment, and blood storage equipment offered by market players for use in blood banks and hospitals. Blood banking equipment can be manual or automated.

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The growth of this market is driven by the rising demand for blood and blood-related products, the increasing number of surgical procedures being performed globally, and technological advancements and automation in blood banking devices. In addition, untapped opportunities in emerging countries and the supportive initiatives to promote blood transfusion offer significant opportunities for the growth of this market.

North America to Dominate the Market in 2023

In 2023, North America is expected to account for the largest share of the blood banking equipment market. North America’s major market share is attributed to the presence of several leading market players and the high rate of self-donations and blood transfusions. Furthermore, high spending on healthcare and the availability of advanced infrastructure for the expansion of blood banks contribute to the growth of this regional market.

Based on geography, in 2023, Asia-Pacific is expected to register the highest CAGR during the forecast period. The growth of this regional market is attributed to the rising healthcare spending, developing infrastructure for blood banking, growing geriatric population and the subsequent increase in chronic disease prevalence, and growing initiatives promoting blood donations.

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Key Players:

The key players profiled in the blood banking equipment market report are Abbott Laboratories (U.S.), F. Hoffman-La Roche Ltd. (Switzerland), Thermo Fisher Scientific Inc. (U.S.), Danaher Corporation (U.S.), Fresenius Kabi AG (Germany), Becton, Dickinson and Company (U.S.), Terumo Corporation (Japan), Bio-Rad Laboratories, Inc. (U.S.), bioMérieux SA (France), HORIBA, Ltd. (Japan), Mindray Bio-Medical Electronics Co, Ltd (U.S.), Sysmex Corporation (Japan), and Hamilton Bonaduz AG (Switzerland).

Scope of the Report:

Blood Banking Equipment Market, by Product

Blood Collection Equipment
Needles
Tubes
Syringes
Blood Bags
Lancets
IV Cannulas
Vials
Other Collection Equipment
(Note: Other collection equipment includes reagents, tube sealers, and collection monitors)
Blood Processing Equipment
Centrifuges
Blood Filters
Blood Analyzers
Blood Processors
Other Processing Equipment
(Note: Other processing equipment include blood warmers, sedimentation tubes, and plasma thawing bags)
Blood Storage Equipment
Blood Bank Refrigerators
Blood Bank Freezers
Test Tube Racks
Blood Banking Equipment Market, by Functionality

Automated Blood Banking Equipment
Manual Blood Banking Equipment
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Blood Banking Equipment Market, by End User

Blood Banks
Private
Public
Hybrid
Hospitals

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