Blood and Organ Bank Market - Global Growth, Trends and Forecast (2022 - 2027) By Types, By Application, By Regions and By Key Players: American Red Cross, New England Donor Services, 21st Century Medicine, New York Blood Centre

Registering a CAGR of 6.85% over the forecast period, the market value of Blood and Organ Bank is expected to reach US$ 18.6 billion in the year 2027.

Blood and Organ Bank Market Overview

The rising prevalence of hematological diseases among the world's population is fueling the growth of the blood and organ bank market. A blood bank is an institution that stores blood and its components such as blood cells, platelets, and plasma, which are then used in the blood transfusion process. Blood transfusion is performed in cases of blood loss disorders such as sickle cell anemia, anemia, blood cancer, and thalassemia, as well as in the event of an accident. Similarly, an organ bank is a facility where organs are stored before being transplanted. Organ transplantation is the surgical replacement of diseased or failed organs with healthy organs.

The rise in number of accidental cases and geriatric population influence the blood and organ bank market. Furthermore, the increase in usage of blood transfusion and cell therapy in the emerging markets extend profitable opportunities to the market players in the forecast period of 2021 to 2028.

The report aspects discussed the profile of the top manufacturers of the global Blood and Organ Bank market. These aspects include financial status of major companies, trending advancements and entire market scenario. Growth of the report have examined Blood and Organ Bank Market production, demand and growth potential, geographic analysis, as well as current market developments in various regions and countries.

Who are the Major Players in Blood and Organ Bank Market?

The global Blood and Organ Bank includes identification and analysis of the various market participants competing in the global market. Prominent competitors include American Red Cross, New England Donor Services, 21st Century Medicine, New York Blood Centre, The Living Bank, Musculoskeletal Transplant Foundation, National Organ & Tissue Transplant Organization, China Cord Blood Corporation, National Cord Blood Program, Cord Blood Registry and others.

Industry News and Updates:

NEDS Successfully Merged OPOs

January 1, 2021, NEDS was the first in decades to successfully merge two federally-designated organ procurement organizations (OPOs). The OPOs (LifeChoice Donor Services and New England Organ Bank) had affiliated under New England Donor Services in 2017. The merged OPO retains the name New England Organ Bank and is responsible for the recovery of organs and tissues for transplant in a combined donation service area encompassing the states of Connecticut, Maine, Massachusetts, New Hampshire, Rhode Island and the eastern counties of Vermont. The organization recovers organs and tissues in the nearly 200 hospitals that serve the region’s approximately 14 million residents.

CBR acquires Natera's newborn cord blood bank

16 Sep, 2019 -- Cord Blood Registry, part of the California Cryobank Inc., acquired assets of Natera Inc.'s cord blood and tissue banking business for an undisclosed amount. Natera's newborn stem cell business is called Evercord. Such storage systems collect stem cells from the cord blood and tissues of newborn babies for potential medical use in the future.Convergence Healthcare Advisors LLC was the strategic adviser to Natera on the sale of the Evercord business.

What are the major Applications, Types and Regions for Blood and Organ Bank Market?

Market is segmented based on the type, applications, companies and regions.

By Type, it is segmented into

• Red Blood Cell Collection, Processing, and Distribution Services


• Blood Plasma Collection, Processing, and Distribution Services


• Organ Bank Services


• Tissue Bank Services


• Health Screening Services


• All Other Human Blood Services


• Reproductive and Stem Cell Bank Services

By Application, it is segmented into

• Hospitals


• Diagnostic Canters


• Blood Banks


• Others

Blood and Organ Bank Market Regional Analysis

North America dominates the blood and organ bank market because of the high demand of organ transplants and well-developed healthcare infrastructure in the region. North America has been a leading region in the market owing to high demand for organ transplant. Annually, more than 135,000 Americans need a new organ. Asia-Pacific is estimated to grow in the forecast period of 2021-2028 due to the government initiatives to support blood donation and increase in number of blood banking units in the developing nations.

• North America
  
  
  
  
  • US
  
  
  • Canada
  
  
  
  


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


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


• Rest of the World
  
  
  
  • Middle East & Africa
  
  
  • Latin America
  
  
  
  

The Blood and Organ Bank Market describes the factors driving the global growth opportunities in upcoming years and highlights market channels. In addition, the report analyzes market size and share, trends, by geographic region, end-use type and segment. It focuses extensively on revealing a detailed regional analysis. The Global Blood and Organ Bank Market report also conducted a PESTEL analysis of the industry to study the main influencing factors and entry barriers of the industry.

Crucial Profits

• The study offers an in-depth study of the blood and organ bank market, with current leanings and future estimates to elucidate investment pockets.


• Full analysis of factors that drive and restrict the growth of the market has been provided.


• The report offers a numerical analysis to help savers to capitalize on usual market chances.


• Wide analysis of unlike segments controls various products available in the market.


• Key players have been profiled and their plans carefully analyzed to predict the good market outlook.

Key Takeaways from this Blood and Organ Bank Report

• Evaluate Blood and Organ Bank market potential through analyzing growth rates (CAGR %), Volume (Units) and Value ($M) data given at country level - for product types, end use applications and by different industry verticals.


• Understand the different dynamics influencing the market - growth driving factors, specific challenges and hidden opportunities.


• Get in-depth insights on your competitor performance – revenue, shares, business strategies, financial benchmarking, product benchmarking, SWOT analysis and more.


• Analyze the sales and distribution channels across geographies to enhance top-line revenues.


• Understand the demanding supply chain with a deep dive on the value augmentation at each, in order to optimize value and bring efficiencies in your processes.


• Get a quick outlook on the Blood and Organ Bank market entropy - M&A's, deals, partnerships, product launches of all key players for the past 5 years.


• Evaluate the import-export statistics, supply-demand and competitive landscape for more than top 20 countries globally for the market.

All our reports are custom made to your company needs to a certain extent, we do provide 5 free consulting hours along with purchase of each report, and this will allow you to request any additional data to customize the report as your needs.

Frequently Asked Question-

What is the study period of this market?

The Blood and Organ Bank Market is studied from 2020-2027.

What is the growth rate of Blood and Organ Bank Market?

The Blood and Organ Bank Market is growing at a CAGR of 6.85% over the next 5 years.

Who are the key players in Blood and Organ Bank Market?

American Red Cross, New England Donor Services, 21st Century Medicine, New York Blood Centre, The Living Bank, Musculoskeletal Transplant Foundation

What regions does this Blood and Organ Bank Market report covers?

North America (US, Canada)

Europe (Germany, France, UK, Italy, Spain, Rest of Europe)

Asia-Pacific (China, Japan, India, Australia, South Korea, Rest of Asia-Pacific)

Rest of the World (Middle East & Africa, Latin America)

What are the significant types of Blood and Organ Bank Market?

Red Blood Cell Collection, Processing, and Distribution Services, Blood Plasma Collection, Processing, and Distribution Services, Organ Bank Services, Tissue Bank Services, Health Screening Services, All Other Human Blood Services, Reproductive and Stem Cell Bank Services

What are the major applications of Blood and Organ Bank Market?

Hospitals, Diagnostic Canters, Blood Banks, Others