Blood Banking Equipment Market Size is set to Grow at a Remarkable Pace by 2032

According to Future Market Insights, the global blood banking equipment market held a valuation of about US$ 14.8 Billion in 2022. As per the study, sales are expected to increase at a CAGR of 4.7% during the forecast period (2022 to 2032), surpassing US$ 23.4 Billion in 2032.

The rising number of surgical procedures and accidents has created a growing need for blood components, posing a significant concern for blood banks and hospitals worldwide. In the UK, there has been a consistent increase in the number of surgeries performed, with about 70,000 A&E cases registered in the country in 2019, indicating a potential surge in demand for blood banking equipment and products.

Increasing awareness about blood donation has become a top priority for blood transfusion centers, and governments around the world are offering various attractive reimbursement opportunities to encourage volunteer donors to donate blood.

The AABB advocates for comprehensive insurance coverage and offers attractive reimbursement options to improve patient access to blood products, transfusion services, and cellular therapies. The implementation of such policies by developing economies can significantly boost the growth of the blood banking equipment market in the coming years.

The expansion of the blood banking equipment market is heavily dependent on the automation of blood bank centers, the growing popularity of mobile blood drives and camps, government support and initiatives, and an increasing number of blood donors.

Market Competition

Key Players:

  • Medsurg
  • Hamilton Syringes & Needles
  • Hi-Tech Medicare Devices
  • Abbott Laboratories
  • Beckman Coulter, Inc.
  • Becton, Dickinson and Company
  • bioMérieux SA
  • Bio-Rad Laboratories, Inc.
  • Cerus Corporation
  • CSL Behring LLC
  • Fresenius Kabi AG
  • Others

Browse More Details@ https://www.futuremarketinsights.com/reports/blood-banking-equipment-market

Key Market Segments Covered in Blood Banking Equipment Industry Research

By Product:

  • Blood Collection
    • Blood Collection Sets
    • Blood Bag Tube Sealer
    • Blood Collection Mixer
    • Blood Bags
    • Reagents
    • Lancets
    • Others
  • Blood Processing
    • Centrifuges
    • Blood Filters
    • Blood Bank Analysers
    • Blood Warmers
    • Plasma Thawing Baths
  • Blood Storage
    • Blood Bank Refrigerators
    • Blood Bank Freezers
    • Test Tube Racks
  • Others

By End User:

  • Hospitals
  • Blood Banks

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