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Blood Market by Product and Geography - Forecast and Analysis 2022-2026

  • Published: Sep 2022
  • Pages: 129
  • SKU: IRTNTR74396
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The blood market share is expected to increase by USD 1.82 billion from 2021 to 2026, and the market’s growth momentum will accelerate at a CAGR of 4.75%.

This blood market research report provides valuable insights on the post-COVID-19 impact on the market, which will help companies evaluate their business approaches. Furthermore, this report extensively covers blood market segmentation by product (whole blood collection and processing, blood screening products, blood typing products, and source plasma collection) and geography (North America, Asia, Europe, and the Rest of the World (ROW)). The blood market report also offers information on several market vendors, including Abbott Laboratories, Agena Bioscience Inc., AXO Science, BAG Health Care GmbH, Beckman Coulter Inc., Becton Dickinson and Co., Bio Rad Laboratories Inc., Cardinal Health Inc, CSL Ltd., DIAGAST SAS, F. Hoffmann La Roche Ltd., Grifols SA, Haemonetics Corp., Immucor Inc., Medtronic Plc, Nipro Medical Corp., Ortho Clinical Diagnostics plc, Rapid Labs Ltd., Terumo Corp., and Merck KGaA among others.

What will the Blood Market Size be During the Forecast Period?

Blood Market Size

Download Report Sample to Unlock the Blood Market Size for the Forecast Period and Other Important Statistics

 

Blood Market: Key Drivers, Trends, and Challenges

Our researcher studied the historical data for years, with 2021 as the base year and 2022 as the estimated year, and produced drivers, trends, and challenges for the blood market. During the COVID-19 pandemic, the blood market demand has been impacted greatly. A holistic analysis of drivers will help in exact demands and refining marketing strategies to gain a competitive advantage.

Key Blood Market Driver

The rising number of hospitals and blood banks is one of the key drivers fueling the blood market growth. The number and capability of healthcare providers, such as hospitals, patient care centers, and others too, are increasing. Meanwhile, blood banks witness the daily inflow of blood from donations and the outflow of blood to hospitals and others. This necessitates the proper preservation of blood components and trackable storage solutions such as blood banks. Donated blood requires a stand-by of blood bags that can be stored at appropriate temperatures. Thus, the increase in blood and blood components kept in storage facilities has created a high demand for blood. 

Key Blood Market Trend

Rising awareness about blood donation is one of the key blood market trends propelling market growth. There has been an increase in awareness about the benefits and misconceptions related to donating blood, which has helped people become more open to donating blood. Various awareness initiatives by government organizations, NGOs, and educational institutions have increased blood donations. Also, government organizations and agencies in developed countries promote campaigns about the benefits and side effects of blood donation. Due to these campaigns, the awareness among people is increasing, which motivates them to participate frequently in blood donation camps. Hence, such initiatives are expected to fuel the growth of the market during the forecast period.

Key Blood Market Challenge

Low availability of blood storage or transfusion facilities in rural markets is one of the factors limiting the blood market growth. Low disposable incomes and healthcare spending in rural areas are hindering the growth of private hospitals, diagnostics centers, and clinics, which restricts the growth of hospital-associated blood storage. With the low penetration of blood bags, the supply cost incurred by manufacturers and suppliers increases, owing to the high costs of logistics, transportation, and warehousing. This increased cost lowers the profit margins of suppliers and manufacturers in the global blood market. Hence, these factors are expected to hinder the growth of the market in the near future.

This blood market analysis report also provides detailed information on other upcoming trends and challenges that will have a far-reaching effect on the market growth. The actionable insights on the trends and challenges will help companies evaluate and develop growth strategies for 2022-2026.

Parent Market Analysis

Technavio categorizes the global blood market as a part of the global pharmaceuticals market. Our research report has extensively covered the external factors influencing the parent market growth potential in the coming years, which will determine the levels of growth of the blood market during the forecast period.

Who are the Major Blood Market Vendors?

The report analyzes the market’s competitive landscape and offers information on several market vendors, including:

 

  • Abbott Laboratories
  • Agena Bioscience Inc.
  • AXO Science
  • BAG Health Care GmbH
  • Beckman Coulter Inc.
  • Becton Dickinson and Co.
  • Bio Rad Laboratories Inc.
  • Cardinal Health Inc
  • CSL Ltd.
  • DIAGAST SAS
  • F. Hoffmann La Roche Ltd.
  • Grifols SA
  • Haemonetics Corp.
  • Immucor Inc.
  • Medtronic Plc
  • Nipro Medical Corp.
  • Ortho Clinical Diagnostics plc
  • Rapid Labs Ltd.
  • Terumo Corp.
  • Merck KGaA

 

This statistical study of the blood market encompasses successful business strategies deployed by the key vendors. The blood market is fragmented, and the vendors are deploying growth strategies such as quality, pricing, market reach, and financial resources to compete in the market.

Product Insights and News

  • haemonetics.com - The company offers blood center solutions such as Whole Blood Collections, Apheresis, and Cell Processing.

To make the most of the opportunities and recover from the post-COVID-19 impact, market vendors should focus more on the growth prospects in the fast-growing segments while maintaining their positions in the slow-growing segments.

The vendor profiles are designed to help clients improve their market position, and information on production and sustainability along with this report provides a detailed analysis of several leading Companies.

Blood Market Value Chain Analysis

Our In-house experts produce extensive information on the value chain and parent market of the blood market, which vendors can leverage to gain a competitive advantage during the forecast period. The Value Chain information provides an end-end understanding of product insight and profit and also optimization and evaluation of business strategies The players across the value chain includes selective data and analysis from entire research findings as per the scope of the report.

Which are the Key Regions for the Blood Market?

Blood Market Share by Geography

For more insights on the market share of various regions Request PDF Sample now!

40% of the market’s growth will originate from North America during the forecast period. The US and Canada are the key markets for the blood market in North America. Market growth in this region will be slower than the growth of the market in Asia.

The rising number of road accidents and sports injuries will facilitate the blood market growth in North America over the forecast period. This market research report entails detailed information on the competitive intelligence, marketing gaps, and regional opportunities in store for vendors, which will assist in creating efficient business plans.

COVID-19 Impact and Recovery Analysis

The outbreak of COVID-19 adversely affected the regional market growth. However, in April 2020, the US FDA issued guidelines for immediate implementation to address the urgent need for blood and blood components. This is expected to increase blood donation drives, which are a crucial part of maintaining overall public health, and, in turn, will drive the growth of the regional market during the forecast period.

What are the Revenue-generating Product Segments in the Blood Market?

Blood Market Share

To gain further insights on the market contribution of various segments Request a PDF Sample

The blood market share growth in the whole blood collection and processing segment will be significant during the forecast period. Standardized collection methods are used during the manufacturing of blood bags to prevent any breakages or twists to ensure free flow during blood separation and collection. Moreover, these bags help in extending the storage of red blood cells and lowering the viscosity of packed red blood cells for easy transfusion, which leads to maximized harvesting of plasma. These advantages drive the demand for blood collection bags, which are expected to fuel the growth of the whole blood collection and processing segment in the market during the forecast period.

This report provides an accurate prediction of the contribution of all the segments to the growth of the blood market size and actionable market insights on the post-COVID-19 impact on each segment.

 

Blood Market Scope

Report Coverage

Details

Page number

120

Base year

2021

Forecast period

2022-2026

Growth momentum & CAGR

Accelerate at a CAGR of 4.75%

Market growth 2022-2026

$1.82 billion

Market structure

Fragmented

YoY growth (%)

3.67

Regional analysis

North America, Asia, Europe, and the Rest of the World (ROW)

Performing market contribution

North America at 40%

Key consumer countries

US, Canada, Germany, China, and Japan

Competitive landscape

Leading companies, Competitive Strategies, Consumer engagement scope

Key companies profiled

Abbott Laboratories, Agena Bioscience Inc., AXO Science, BAG Health Care GmbH, Beckman Coulter Inc., Becton Dickinson and Co., Bio Rad Laboratories Inc., Cardinal Health Inc, CSL Ltd., DIAGAST SAS, F. Hoffmann La Roche Ltd., Grifols SA, Haemonetics Corp., Immucor Inc., Medtronic Plc, Nipro Medical Corp., Ortho Clinical Diagnostics plc, Rapid Labs Ltd., Terumo Corp., and Merck KGaA

Market dynamics

Parent market analysis, Market growth inducers and obstacles, Fast-growing and slow-growing segment analysis, COVID-19 impact and recovery analysis and future consumer dynamics, and Market condition analysis for the forecast period.

Customization purview

If our report has not included the data that you are looking for, you can reach out to our analysts and get segments customized.

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What are the Key Data Covered in this Blood Market Report?

  • CAGR of the market during the forecast period 2022-2026
  • Detailed information on factors that will drive blood market growth during the next five years
  • Precise estimation of the blood market size and its contribution to the parent market
  • Accurate predictions on upcoming trends and changes in consumer behavior
  • The growth of the blood industry across North America, Asia, Europe, and the Rest of the World (ROW)
  • A thorough analysis of the market’s competitive landscape and detailed information on vendors
  • Comprehensive details of factors that will challenge the growth of blood market vendors

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1 Executive Summary

  • 1.1 Market overview
    • Exhibit 01: Executive Summary – Chart on Market Overview
    • Exhibit 02: Executive Summary – Data Table on Market Overview
    • Exhibit 03: Executive Summary – Chart on Global Market Characteristics
    • Exhibit 04: Executive Summary – Chart on Market by Geography
    • Exhibit 05: Executive Summary – Chart on Market Segmentation by Product
    • Exhibit 06: Executive Summary – Chart on Incremental Growth
    • Exhibit 07: Executive Summary – Data Table on Incremental Growth
    • Exhibit 08: Executive Summary – Chart on Vendor Market Positioning

2 Market Landscape

  • 2.1 Market ecosystem
    • Exhibit 09: Parent market
    • Exhibit 10: Market Characteristics

3 Market Sizing

  • 3.1 Market definition
    • Exhibit 11: Offerings of vendors included in the market definition
  • 3.2 Market segment analysis
    • Exhibit 12: Market segments
  • 3.3 Market size 2021
    • 3.4 Market outlook: Forecast for 2021-2026
      • Exhibit 13: Chart on Global - Market size and forecast 2021-2026 ($ million)
      • Exhibit 14: Data Table on Global - Market size and forecast 2021-2026 ($ million)
      • Exhibit 15: Chart on Global Market: Year-over-year growth 2021-2026 (%)
      • Exhibit 16: Data Table on Global Market: Year-over-year growth 2021-2026 (%)

    4 Five Forces Analysis

    • 4.1 Five forces summary
      • Exhibit 17: Five forces analysis - Comparison between 2021 and 2026
    • 4.2 Bargaining power of buyers
      • Exhibit 18: Chart on Bargaining power of buyers – Impact of key factors 2021 and 2026
    • 4.3 Bargaining power of suppliers
      • Exhibit 19: Bargaining power of suppliers – Impact of key factors in 2021 and 2026
    • 4.4 Threat of new entrants
      • Exhibit 20: Threat of new entrants – Impact of key factors in 2021 and 2026
    • 4.5 Threat of substitutes
      • Exhibit 21: Threat of substitutes – Impact of key factors in 2021 and 2026
    • 4.6 Threat of rivalry
      • Exhibit 22: Threat of rivalry – Impact of key factors in 2021 and 2026
    • 4.7 Market condition
      • Exhibit 23: Chart on Market condition - Five forces 2021 and 2026

    5 Market Segmentation by Product

    • 5.1 Market segments
      • Exhibit 24: Chart on Product - Market share 2021-2026 (%)
      • Exhibit 25: Data Table on Product - Market share 2021-2026 (%)
    • 5.2 Comparison by Product
      • Exhibit 26: Chart on Comparison by Product
      • Exhibit 27: Data Table on Comparison by Product
    • 5.3 Whole blood collection and processing - Market size and forecast 2021-2026
      • Exhibit 28: Chart on Whole blood collection and processing - Market size and forecast 2021-2026 ($ million)
      • Exhibit 29: Data Table on Whole blood collection and processing - Market size and forecast 2021-2026 ($ million)
      • Exhibit 30: Chart on Whole blood collection and processing - Year-over-year growth 2021-2026 (%)
      • Exhibit 31: Data Table on Whole blood collection and processing - Year-over-year growth 2021-2026 (%)
    • 5.4 Blood screening products - Market size and forecast 2021-2026
      • Exhibit 32: Chart on Blood screening products - Market size and forecast 2021-2026 ($ million)
      • Exhibit 33: Data Table on Blood screening products - Market size and forecast 2021-2026 ($ million)
      • Exhibit 34: Chart on Blood screening products - Year-over-year growth 2021-2026 (%)
      • Exhibit 35: Data Table on Blood screening products - Year-over-year growth 2021-2026 (%)
    • 5.5 Blood typing products - Market size and forecast 2021-2026
      • Exhibit 36: Chart on Blood typing products - Market size and forecast 2021-2026 ($ million)
      • Exhibit 37: Data Table on Blood typing products - Market size and forecast 2021-2026 ($ million)
      • Exhibit 38: Chart on Blood typing products - Year-over-year growth 2021-2026 (%)
      • Exhibit 39: Data Table on Blood typing products - Year-over-year growth 2021-2026 (%)
    • 5.6 Source plasma collection - Market size and forecast 2021-2026
      • Exhibit 40: Chart on Source plasma collection - Market size and forecast 2021-2026 ($ million)
      • Exhibit 41: Data Table on Source plasma collection - Market size and forecast 2021-2026 ($ million)
      • Exhibit 42: Chart on Source plasma collection - Year-over-year growth 2021-2026 (%)
      • Exhibit 43: Data Table on Source plasma collection - Year-over-year growth 2021-2026 (%)
    • 5.7 Market opportunity by Product
      • Exhibit 44: Market opportunity by Product ($ million)

    6 Customer Landscape

    • 6.1 Customer landscape overview
      • Exhibit 45: Analysis of price sensitivity, lifecycle, customer purchase basket, adoption rates, and purchase criteria

    7 Geographic Landscape

    • 7.1 Geographic segmentation
      • Exhibit 46: Chart on Market share by geography 2021-2026 (%)
      • Exhibit 47: Data Table on Market share by geography 2021-2026 (%)
    • 7.2 Geographic comparison
      • Exhibit 48: Chart on Geographic comparison
      • Exhibit 49: Data Table on Geographic comparison
    • 7.3 North America - Market size and forecast 2021-2026
      • Exhibit 50: Chart on North America - Market size and forecast 2021-2026 ($ million)
      • Exhibit 51: Data Table on North America - Market size and forecast 2021-2026 ($ million)
      • Exhibit 52: Chart on North America - Year-over-year growth 2021-2026 (%)
      • Exhibit 53: Data Table on North America - Year-over-year growth 2021-2026 (%)
    • 7.4 Asia - Market size and forecast 2021-2026
      • Exhibit 54: Chart on Asia - Market size and forecast 2021-2026 ($ million)
      • Exhibit 55: Data Table on Asia - Market size and forecast 2021-2026 ($ million)
      • Exhibit 56: Chart on Asia - Year-over-year growth 2021-2026 (%)
      • Exhibit 57: Data Table on Asia - Year-over-year growth 2021-2026 (%)
    • 7.5 Europe - Market size and forecast 2021-2026
      • Exhibit 58: Chart on Europe - Market size and forecast 2021-2026 ($ million)
      • Exhibit 59: Data Table on Europe - Market size and forecast 2021-2026 ($ million)
      • Exhibit 60: Chart on Europe - Year-over-year growth 2021-2026 (%)
      • Exhibit 61: Data Table on Europe - Year-over-year growth 2021-2026 (%)
    • 7.6 Rest of World (ROW) - Market size and forecast 2021-2026
      • Exhibit 62: Chart on Rest of World (ROW) - Market size and forecast 2021-2026 ($ million)
      • Exhibit 63: Data Table on Rest of World (ROW) - Market size and forecast 2021-2026 ($ million)
      • Exhibit 64: Chart on Rest of World (ROW) - Year-over-year growth 2021-2026 (%)
      • Exhibit 65: Data Table on Rest of World (ROW) - Year-over-year growth 2021-2026 (%)
    • 7.7 US - Market size and forecast 2021-2026
      • Exhibit 66: Chart on US - Market size and forecast 2021-2026 ($ million)
      • Exhibit 67: Data Table on US - Market size and forecast 2021-2026 ($ million)
      • Exhibit 68: Chart on US - Year-over-year growth 2021-2026 (%)
      • Exhibit 69: Data Table on US - Year-over-year growth 2021-2026 (%)
    • 7.8 China - Market size and forecast 2021-2026
      • Exhibit 70: Chart on China - Market size and forecast 2021-2026 ($ million)
      • Exhibit 71: Data Table on China - Market size and forecast 2021-2026 ($ million)
      • Exhibit 72: Chart on China - Year-over-year growth 2021-2026 (%)
      • Exhibit 73: Data Table on China - Year-over-year growth 2021-2026 (%)
    • 7.9 Japan - Market size and forecast 2021-2026
      • Exhibit 74: Chart on Japan - Market size and forecast 2021-2026 ($ million)
      • Exhibit 75: Data Table on Japan - Market size and forecast 2021-2026 ($ million)
      • Exhibit 76: Chart on Japan - Year-over-year growth 2021-2026 (%)
      • Exhibit 77: Data Table on Japan - Year-over-year growth 2021-2026 (%)
    • 7.10 Germany - Market size and forecast 2021-2026
      • Exhibit 78: Chart on Germany - Market size and forecast 2021-2026 ($ million)
      • Exhibit 79: Data Table on Germany - Market size and forecast 2021-2026 ($ million)
      • Exhibit 80: Chart on Germany - Year-over-year growth 2021-2026 (%)
      • Exhibit 81: Data Table on Germany - Year-over-year growth 2021-2026 (%)
    • 7.11 Canada - Market size and forecast 2021-2026
      • Exhibit 82: Chart on Canada - Market size and forecast 2021-2026 ($ million)
      • Exhibit 83: Data Table on Canada - Market size and forecast 2021-2026 ($ million)
      • Exhibit 84: Chart on Canada - Year-over-year growth 2021-2026 (%)
      • Exhibit 85: Data Table on Canada - Year-over-year growth 2021-2026 (%)
    • 7.12 Market opportunity by geography
      • Exhibit 86: Market opportunity by geography ($ million)

    8 Drivers, Challenges, and Trends

    • 8.1 Market drivers
      • 8.2 Market challenges
        • 8.3 Impact of drivers and challenges
          • Exhibit 87: Impact of drivers and challenges in 2021 and 2026
        • 8.4 Market trends

          9 Vendor Landscape

          • 9.1 Overview
            • 9.2 Vendor landscape
              • Exhibit 88: Overview on Criticality of inputs and Factors of differentiation
            • 9.3 Landscape disruption
              • Exhibit 89: Overview on factors of disruption
            • 9.4 Industry risks
              • Exhibit 90: Impact of key risks on business

            10 Vendor Analysis

            • 10.1 Vendors covered
              • Exhibit 91: Vendors covered
            • 10.2 Market positioning of vendors
              • Exhibit 92: Matrix on vendor position and classification
            • 10.3 Abbott Laboratories
              • Exhibit 93: Abbott Laboratories - Overview
              • Exhibit 94: Abbott Laboratories - Business segments
              • Exhibit 95: Abbott Laboratories - Key news
              • Exhibit 96: Abbott Laboratories - Key offerings
              • Exhibit 97: Abbott Laboratories - Segment focus
            • 10.4 Becton Dickinson and Co.
              • Exhibit 98: Becton Dickinson and Co. - Overview
              • Exhibit 99: Becton Dickinson and Co. - Business segments
              • Exhibit 100: Becton Dickinson and Co. - Key news
              • Exhibit 101: Becton Dickinson and Co. - Key offerings
              • Exhibit 102: Becton Dickinson and Co. - Segment focus
            • 10.5 Bio Rad Laboratories Inc.
              • Exhibit 103: Bio Rad Laboratories Inc. - Overview
              • Exhibit 104: Bio Rad Laboratories Inc. - Business segments
              • Exhibit 105: Bio Rad Laboratories Inc. - Key news
              • Exhibit 106: Bio Rad Laboratories Inc. - Key offerings
              • Exhibit 107: Bio Rad Laboratories Inc. - Segment focus
            • 10.6 CSL Ltd.
              • Exhibit 108: CSL Ltd. - Overview
              • Exhibit 109: CSL Ltd. - Business segments
              • Exhibit 110: CSL Ltd. - Key news
              • Exhibit 111: CSL Ltd. - Key offerings
              • Exhibit 112: CSL Ltd. - Segment focus
            • 10.7 F. Hoffmann La Roche Ltd.
              • Exhibit 113: F. Hoffmann La Roche Ltd. - Overview
              • Exhibit 114: F. Hoffmann La Roche Ltd. - Business segments
              • Exhibit 115: F. Hoffmann La Roche Ltd. - Key news
              • Exhibit 116: F. Hoffmann La Roche Ltd. - Key offerings
              • Exhibit 117: F. Hoffmann La Roche Ltd. - Segment focus
            • 10.8 Grifols SA
              • Exhibit 118: Grifols SA - Overview
              • Exhibit 119: Grifols SA - Business segments
              • Exhibit 120: Grifols SA - Key offerings
              • Exhibit 121: Grifols SA - Segment focus
            • 10.9 Haemonetics Corp.
              • Exhibit 122: Haemonetics Corp. - Overview
              • Exhibit 123: Haemonetics Corp. - Business segments
              • Exhibit 124: Haemonetics Corp. - Key offerings
              • Exhibit 125: Haemonetics Corp. - Segment focus
            • 10.10 Medtronic Plc
              • Exhibit 126: Medtronic Plc - Overview
              • Exhibit 127: Medtronic Plc - Business segments
              • Exhibit 128: Medtronic Plc - Key news
              • Exhibit 129: Medtronic Plc - Key offerings
              • Exhibit 130: Medtronic Plc - Segment focus
            • 10.11 Ortho Clinical Diagnostics plc
              • Exhibit 131: Ortho Clinical Diagnostics plc - Overview
              • Exhibit 132: Ortho Clinical Diagnostics plc - Business segments
              • Exhibit 133: Ortho Clinical Diagnostics plc - Key offerings
              • Exhibit 134: Ortho Clinical Diagnostics plc - Segment focus
            • 10.12 Terumo Corp.
              • Exhibit 135: Terumo Corp. - Overview
              • Exhibit 136: Terumo Corp. - Business segments
              • Exhibit 137: Terumo Corp. - Key news
              • Exhibit 138: Terumo Corp. - Key offerings
              • Exhibit 139: Terumo Corp. - Segment focus

            11 Appendix

            • 11.1 Scope of the report
              • 11.2 Inclusions and exclusions checklist
                • Exhibit 140: Inclusions checklist
                • Exhibit 141: Exclusions checklist
              • 11.3 Currency conversion rates for US$
                • Exhibit 142: Currency conversion rates for US$
              • 11.4 Research methodology
                • Exhibit 143: Research methodology
                • Exhibit 144: Validation techniques employed for market sizing
                • Exhibit 145: Information sources
              • 11.5 List of abbreviations
                • Exhibit 146: List of abbreviations

              Research Framework

              Technavio presents a detailed picture of the market by way of study, synthesis, and summation of data from multiple sources. The analysts have presented the various facets of the market with a particular focus on identifying the key industry influencers. The data thus presented is comprehensive, reliable, and the result of extensive research, both primary and secondary.

              TechnavioINFORMATION SOURCES

              Primary sources

              • Manufacturers and suppliers
              • Channel partners
              • Industry experts
              • Strategic decision makers

              Secondary sources

              • Industry journals and periodicals
              • Government data
              • Financial reports of key industry players
              • Historical data
              • Press releases
              Technavio

              TechnavioDATA ANALYSIS

              Data Synthesis

              • Collation of data
              • Estimation of key figures
              • Analysis of derived insights

              Data Validation

              • Triangulation with data models
              • Reference against proprietary databases
              • Corroboration with industry experts
              Technavio

              TechnavioREPORT WRITING

              Qualitative

              • Market drivers
              • Market challenges
              • Market trends
              • Five forces analysis

              Quantitative

              • Market size and forecast
              • Market segmentation
              • Geographical insights
              • Competitive landscape
              Interested in this report?
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              Blood market growth will increase by $1825.82 million during 2022-2026.
              The blood market is expected to grow at a CAGR of 4.75% during 2022-2026.
              Technavio has segmented the blood market by geographic (North America, Asia, Europe, and Rest of World (ROW)).
              Abbott Laboratories, Agena Bioscience Inc., AXO Science, BAG Health Care GmbH, Beckman Coulter Inc., Becton Dickinson and Co., Bio Rad Laboratories Inc., Cardinal Health Inc, CSL Ltd., DIAGAST SAS, F. Hoffmann La Roche Ltd., Grifols SA, Haemonetics Corp., Immucor Inc., Medtronic Plc, Nipro Medical Corp., Ortho Clinical Diagnostics plc, Rapid Labs Ltd., Terumo Corp., Merck KGaA are a few of the key vendors in the blood market.
              North America will register the highest growth rate of 40.11% among the other regions. Therefore, the blood market in North America is expected to garner significant business opportunities for the vendors during the forecast period.
              • US
              • Canada
              • Germany
              • China
              • Japan
              The key factors driving the blood market growth are:
              • Rising number of hospitals and blood banks
              • Rising awareness about blood donation
              The blood market vendors should focus on grabbing business opportunities from the segment as it accounted for the largest market share in the base year.
              • What are the key global market and the regional market share?
              • What are the revenue-generating key market segments?
              • What are the key factors driving and challenging this market’s growth?
              • Who are the key market vendors and their growth strategies?
              • What are the latest trends influencing the growth of this market?
              • What are the variables influencing the market growth in the primary regions?
              • What are the factors influencing the growth of the parent market?
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              • Five-force market analysis

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