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 ...