How big is the Blood Product Market

Q: How big is the blood product market?

The blood product market was exhibited at USD 51 billion in 2024 and is projected to reach USD 85 billion by 2031.

Q: What factors are driving the growth of the blood product market?

Increased surgical demand, chronic disease prevalence, and improved blood management technologies are driving the growth.

Q: What are the latest trends in the blood product market?

Component-based therapy, automation, RFID tracking, and predictive inventory tools are shaping the market.

Q: What challenges does the blood product market face?

Shortage of voluntary donors, high cost of processing, and risk of infectious transmission are the challenges faced by the market.

Q: Which regions are leading in blood product consumption?

North America and Europe are leading the market and Asia-Pacific is also experiencing rapid growth.

Q: How does 6W market outlook report help businesses in making decisions?

6W monitors the market across 60+ countries Globally, publishing an annual market outlook report that analyses trends, key drivers, Size, Volume, Revenue, opportunities, and market segments. This report offers comprehensive insights, helping businesses understand market dynamics and make informed decisions.

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How big is the Blood Product Market | Opportunities & Insights 2025

Code: MTA5165

Publication Date: Jul 2025

What is the size of the Blood Product Market?

According to 绿帽社 internal database and industry insights, the Blood Product Market was exhibited at USD 51 billion in 2024 and is projected to reach USD 85 billion by 2031, growing at a CAGR of 7.4% during the forecast period 2025鈥�2031.

This market is experiencing moderate growth in the coming years due to the increasing demand for blood transfusions, rising incidence of chronic diseases, and advancements in blood processing technologies.

Key Growth Factors of the Blood Product Market

Increasing number of surgeries and trauma cases requiring blood transfusion
Rising prevalence of blood-related disorders like anaemia and haemophilia
Technological advancements in blood component separation and storage
Expanding healthcare access and hospital infrastructure in developing regions
Supportive government programs and blood donation awareness campaigns

Blood Product Market Trends

Blood product market is accelerating with notable trends such as the increasing shift towards component-based blood therapy, where blood is separated into red cells, plasma, platelets, and cryoprecipitate. Automation in blood processing and improved cold chain systems are becoming more common. Hospitals are also adopting RFID-based tracking for blood inventory and using predictive analytics for demand planning.

Emerging Developments in the Blood Product Market

Blood product market is seeing major developments which include progress in synthetic and lab-grown blood to address donor shortages. Alongside, there is reduction in the risk of contamination. 3D bioprinting of blood components is being researched for use in critical care and regenerative medicine. AI-driven systems for donor screening, automated cross-matching, and pathogen inactivation technologies are also improving safety and efficiency in blood product usage.