Global Blood Product Market Growth (Status and Outlook) 2024-2030
Blood Product market grows from US$27.70 billion in 2023 to US$47.12 billion by 2030, with a 7.9% CAGR, due to increasing demand in the downstream market.
Blood products play a vital role in modern medicine, serving as a cornerstone of various medical procedures and treatments. These products are derived from whole blood donations and meticulously processed to isolate specific components with unique therapeutic properties. Whole blood itself is a complex biological fluid composed of several key elements:
• Red blood cells (RBCs): These microscopic, disc-shaped cells are the workhorses of the circulatory system. Packed with hemoglobin, an iron-rich protein, RBCs are responsible for transporting oxygen from the lungs to tissues throughout the body. A deficiency in healthy RBCs leads to anemia, a condition characterized by fatigue, weakness, and shortness of breath.
• Plasma: The liquid portion of blood, plasma constitutes about 55% of whole blood volume. It's a straw-colored fluid that serves as a transport medium for various substances
According to our publisher’s latest study, the global Blood Product market size was valued at US$ 27700 million in 2023. With growing demand in downstream market, the Blood Product is forecast to a readjusted size of US$ 47120 million by 2030 with a CAGR of 7.9% during review period.
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The research report highlights the growth potential of the global Blood Product market. Blood Product are expected to show stable growth in the future market. However, product differentiation, reducing costs, and supply chain optimization remain crucial for the widespread adoption of Blood Product. Market players need to invest in research and development, forge strategic partnerships, and align their offerings with evolving consumer preferences to capitalize on the immense opportunities presented by the Blood Product market.
Human blood plasma is nature's raw material for dozens of life-saving treatments and medications. By extracting the active ingredients and disinfection, people get related preparations from blood plasma, which is called blood product.
The major players in global blood product market include Takeda, CSL, etc. The top 3 players occupy about 60% shares of the global market. North America and Europe are main markets, they occupy about 65% of the global market.
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Manmayi Raval
Research Consultant
Key Features:
The report on Blood Product market reflects various aspects and provide valuable insights into the industry.
Market Size and Growth: The research report provide an overview of the current size and growth of the Blood Product market. It may include historical data, market segmentation by Type (e.g., Albumin, Immunoglobulin), and regional breakdowns.
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Market Drivers and Challenges: The report can identify and analyse the factors driving the growth of the Blood Product market, such as government regulations, environmental concerns, technological advancements, and changing consumer preferences. It can also highlight the challenges faced by the industry, including infrastructure limitations, range anxiety, and high upfront costs.
Blood Products Market Dynamics: A Balancing Act
The global blood product market is a vital but complex ecosystem driven by increasing demand and ongoing challenges.
Market Drivers:
• Rising Healthcare Needs: Growing prevalence of chronic diseases like cancer and an aging population elevate the need for blood products in treatment and surgeries.
• Technological Advancements: Innovations in blood processing and storage techniques enhance the safety, efficacy, and availability of blood products.
Market Trends:
• Blood Shortage Concerns: The global demand for blood products often outpaces the readily available supply, especially in developing regions.
• Focus on Plasma Derivatives: Expanding the therapeutic applications for plasma derivatives, like antibodies, creates new market avenues.
Market Challenges:
• Safety Regulations: Stringent regulations and thorough testing are crucial to minimize the risk of transfusion-transmitted infections.
• Cost Considerations: High costs associated with development, manufacturing, and storage of blood products can limit accessibility in some areas.
Competitive Landscape: The research report provides analysis of the competitive landscape within the Blood Product market. It includes profiles of key players, their market share, strategies, and product offerings. The report can also highlight emerging players and their potential impact on the market.
Technological Developments: The research report can delve into the latest technological developments in the Blood Product industry. This include advancements in Blood Product technology, Blood Product new entrants, Blood Product new investment, and other innovations that are shaping the future of Blood Product.
• Automated Blood Collection Systems: These systems streamline blood donation by automating blood volume measurement and component separation, improving efficiency and donor comfort.
• Advanced Blood Component Separation Techniques: New technologies like centrifugation with improved control systems ensure more efficient and precise separation of red blood cells, plasma, and platelets from whole blood, minimizing product loss and waste.
• Pathogen Reduction Systems: These innovative techniques utilize ultraviolet light or other methods to further inactivate potential pathogens in blood products, enhancing safety and reducing the risk of transfusion-transmitted infections.
Downstream Procumbent Preference: The report can shed light on customer procumbent behaviour and adoption trends in the Blood Product market. It includes factors influencing customer ' purchasing decisions, preferences for Blood Product product.
Government Policies and Incentives: The research report analyse the impact of government policies and incentives on the Blood Product market. This may include an assessment of regulatory frameworks, subsidies, tax incentives, and other measures aimed at promoting Blood Product market. The report also evaluates the effectiveness of these policies in driving market growth.
Environmental Impact and Sustainability: The research report assess the environmental impact and sustainability aspects of the Blood Product market.
Market Forecasts and Future Outlook: Based on the analysis conducted, the research report provide market forecasts and outlook for the Blood Product industry. This includes projections of market size, growth rates, regional trends, and predictions on technological advancements and policy developments.
• Rising Demand: Increasing prevalence of chronic diseases, aging population, and trauma cases will fuel demand for blood transfusions and therapies.
• Technological Advancements: Innovations in blood collection, processing, and storage enhance safety, efficacy, and availability.
• Emerging Market Focus: Government initiatives in developing economies promote blood donation awareness and improve blood bank infrastructure.
Recommendations and Opportunities: The report conclude with recommendations for industry stakeholders, policymakers, and investors. It highlights potential opportunities for market players to capitalize on emerging trends, overcome challenges, and contribute to the growth and development of the Blood Product market.
• Combating Chronic Diseases: Rising prevalence of chronic illnesses like cancer and hemophilia fuels demand for blood products in treatment regimens.
• Aging Advantage: An aging population increases the need for blood products in surgeries and treatments for age-related conditions.
• Technological Triumphs: Advancements in blood processing and storage techniques enhance the availability and efficacy of blood products.
Market Segmentation:
Blood Product market is split by Type and by Application. For the period 2019-2030, the growth among segments provides accurate calculations and forecasts for consumption value by Type, and by Application in terms of value.
Segmentation by type
Albumin
Immunoglobulin
Clotting Factor
Others
Segmentation by application
Bleeding Wound
Immunodeficiency
HBV
Tetanus
Rabies
Hemophilia
Others
This report also splits the market by region:
Americas
United States
Canada
Mexico
Brazil
APAC
China
Japan
Korea
Southeast Asia
India
Australia
Europe
Germany
France
UK
Italy
Russia
Middle East & Africa
Egypt
South Africa
Israel
Turkey
GCC Countries
The below companies that are profiled have been selected based on inputs gathered from primary experts and analyzing the company's coverage, product portfolio, its market penetration.
Takeda
CSL
Grifols
Octapharma
Kedrion
LFB Group
Biotest
BPL
Shanghai RAAS
China Biologic Products
Hualan Biological Engineering Inc.
Beijing Tiantan Biological Products Corp
Pacific Shuanglin
Boya Bio-Pharmaceutical
Paisi Feike Biology Pharmacy Co., Ltd.
Xinjiang Deyuan Bioengineering
Sichuan Yuanda Shuyang Pharmaceutical Co., Ltd.
Shenzhen Weiguang
Shanxi Kangbao
Nanyue Biopharming Corporation Ltd
Table of Contents
1 Scope of the Report
1.1 Market Introduction
1.2 Years Considered
1.3 Research Objectives
1.4 Market Research Methodology
1.5 Research Process and Data Source
1.6 Economic Indicators
1.7 Currency Considered
1.8 Market Estimation Caveats
2 Executive Summary
2.1 World Market Overview
2.1.1 Global Blood Product Market Size 2019-2030
2.1.2 Blood Product Market Size CAGR by Region 2019 VS 2023 VS 2030
2.2 Blood Product Segment by Type
2.2.1 Albumin
2.2.2 Immunoglobulin
2.2.3 Clotting Factor
2.2.4 Others
2.3 Blood Product Market Size by Type
2.3.1 Blood Product Market Size CAGR by Type (2019 VS 2023 VS 2030)
2.3.2 Global Blood Product Market Size Market Share by Type (2019-2024)
2.4 Blood Product Segment by Application
2.4.1 Bleeding Wound
2.4.2 Immunodeficiency
2.4.3 HBV
2.4.4 Tetanus
2.4.5 Rabies
2.4.6 Hemophilia
2.4.7 Others
2.5 Blood Product Market Size by Application
2.5.1 Blood Product Market Size CAGR by Application (2019 VS 2023 VS 2030)
2.5.2 Global Blood Product Market Size Market Share by Application (2019-2024)
3 Blood Product Market Size by Player
3.1 Blood Product Market Size Market Share by Players
3.1.1 Global Blood Product Revenue by Players (2019-2024)
3.1.2 Global Blood Product Revenue Market Share by Players (2019-2024)
3.2 Global Blood Product Key Players Head office and Products Offered
3.3 Market Concentration Rate Analysis
3.3.1 Competition Landscape Analysis
3.3.2 Concentration Ratio (CR3, CR5 and CR10) & (2022-2024)
3.4 New Products and Potential Entrants
3.5 Mergers & Acquisitions, Expansion
4 Blood Product by Regions
4.1 Blood Product Market Size by Regions (2019-2024)
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