Authored By: Sarah
15 Dec 2022

Blood Market Analysis 2023-2027: 40% of Growth Rate will Develop From North America 

The blood market share is forecast to reach USD 2195.69 million, after growing at a CAGR of 5.31 during 2023-2027. The rising number of hospitals and blood banks is analyzed to boost the addictions therapeutics market growth. Moreover, rising awareness about blood donation is the major trend enhancing the overall market demand for blood during the forecast period.   

Get a snapshot on the blood market analysis: Unlock the Free Sample Report 

Blood Market Analysis 2023-2027: 40% of Growth Rate will Develop From North America 

Technavio’s report on: “Blood Market by Product, End user, and Geography - Forecast and Analysis 2023-2027" covers an in-depth analysis of the following segments of the blood market. 


  • Whole blood collection and processing: The blood market growth by the hospital pharmacy segment will be significant during the forecast period.  Fctors such as changing lifestyles and a growing preference for comfort will drive the increasing adoption of blood market by residential consumers

  • Blood screening products

  • Blood typing products

  • Source plasma collection


  • North America: North America is projected to contribute 40% by 2027. US, Canada, and Mexico are the major markets for the blood market in the region. Due to the factors such as rising number of road accidents and sports injuries, the increase in the number of different surgical procedures, the increasing number of blood donors, and the rising prevalence of different types of cancer drives the growth of the regional blood market.

  • Europe 

  • Asia 

  • Rest of World (ROW) 


  • Hospitals 

  • Ambulatory surgical centers (ASCs) 

  • Others

Key Takeaways: 

  • The blood market size will witness a YOY Growth Rate of 4.13% in 2023.  

  • The low availability of blood storage/transfusion facilities in rural markets will be a major challenge for the blood market during the forecast period. 

  • Major key blood market players include: Agena Bioscience Inc., AXO Science, BAG Health Care GmbH, Beckman Coulter Inc., Becton Dickinson & Co., Cardinal Health Inc., CSL Ltd., DIAGAST SAS, F. Hoffmann La Roche Ltd., Grifols SA, Haemonetics Corp., Immucor Inc., Medtronic Plc, Nipro Medical Corp., Quest Diagnostics Inc., Rapid Labs Ltd., Terumo Corp., Merck KGaA, Abbott Laboratories.  

  • The report illustrates the lifecycle of the market, focusing on the adoption rates of the major regions such as the North America, Europe, Asia, ROW. 

Download the Free PDF sample report for highlights on the market size, growth momentum, regional growth opportunities, vendor analysis, and other factors influencing the market growth. 

Key data covered in the Blood Market report 

  • Precise market size estimation during the forecast period 2023-2027.  

  • CAGR of the blood market forecast during 2023-2027.  

  • Market-level data on units, average selling prices, and values of the blood market share.  

  • Prediction of the upcoming trends, drivers, and factors that challenge the growth of the blood market.  

  • Blood industry growth across North America, Europe, Asia, ROW.

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