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Global Blood Processing and Storage Equipment Market to Reach US$68.6 Billion by 2030

The global market for Blood Processing and Storage Equipment estimated at US$49.1 Billion in the year 2024, is expected to reach US$68.6 Billion by 2030, growing at a CAGR of 5.7% over the analysis period 2024-2030. Blood Processing Devices, one of the segments analyzed in the report, is expected to record a 6.9% CAGR and reach US$41.3 Billion by the end of the analysis period. Growth in the Blood Processing Consumables segment is estimated at 4.1% CAGR over the analysis period.

The U.S. Market is Estimated at US$13.4 Billion While China is Forecast to Grow at 9.3% CAGR

The Blood Processing and Storage Equipment market in the U.S. is estimated at US$13.4 Billion in the year 2024. China, the world's second largest economy, is forecast to reach a projected market size of US$14.0 Billion by the year 2030 trailing a CAGR of 9.3% over the analysis period 2024-2030. Among the other noteworthy geographic markets are Japan and Canada, each forecast to grow at a CAGR of 2.7% and 5.7% respectively over the analysis period. Within Europe, Germany is forecast to grow at approximately 3.7% CAGR.

Global Blood Processing and Storage Equipment Market - Key Trends & Drivers Summarized

Why Is the Demand for Blood Processing and Storage Equipment Rising in Healthcare?

Blood processing and storage equipment play a crucial role in modern healthcare by ensuring the safety, quality, and availability of blood and its components for transfusions, research, and therapeutic applications. The increasing demand for blood transfusions in surgeries, trauma care, cancer treatment, and hematologic disorders has driven significant investments in advanced blood processing technologies. Hospitals, blood banks, and research institutions rely on specialized equipment to separate, test, and store blood effectively while minimizing contamination and waste.

The rising prevalence of chronic diseases such as leukemia, hemophilia, and severe anemia, as well as the growing number of complex surgical procedures, has heightened the need for an efficient blood supply. Additionally, global blood donation programs and disaster response efforts require reliable blood storage solutions to maintain long-term stability and usability. With regulatory bodies such as the FDA and WHO implementing strict guidelines for blood safety, healthcare facilities are upgrading to automated and high-efficiency blood processing systems that improve precision and compliance.

How Are Technological Advancements Improving Blood Processing and Storage Equipment?

Innovations in automation, cold storage technology, and digital integration are revolutionizing blood processing and storage, enhancing both efficiency and safety. One of the most significant advancements is the introduction of automated blood component separators, which streamline the fractionation of whole blood into red blood cells, plasma, and platelets. These advanced centrifugation systems increase processing speed and reduce human error, ensuring optimal separation and preservation of critical blood components.

Another key innovation is the development of smart blood storage refrigerators and freezers equipped with temperature monitoring and remote access capabilities. These intelligent storage systems use IoT (Internet of Things) technology to maintain precise temperature control, reducing the risk of spoilage and ensuring compliance with regulatory standards. Additionally, pathogen reduction technologies (PRTs) are improving blood safety by eliminating bacteria, viruses, and other contaminants in stored blood products. AI-driven inventory management systems are also gaining traction, allowing blood banks and hospitals to optimize supply levels, predict demand, and minimize wastage. As digital transformation reshapes healthcare logistics, the integration of blockchain technology for blood tracking and authentication is further improving transparency and traceability in the blood supply chain.

Which Market Trends Are Driving Growth in the Blood Processing and Storage Equipment Industry?

The increasing demand for blood and blood components in critical medical treatments is one of the most influential trends shaping the market. With an aging population and rising cases of blood-related disorders, healthcare facilities are investing in state-of-the-art blood processing and storage equipment to meet demand. Additionally, the expansion of personalized medicine and cell-based therapies is driving the need for specialized storage solutions, such as cryopreservation equipment for stem cells and cord blood banking.

Another key trend influencing market growth is the shift toward decentralized and mobile blood collection. Portable blood processing units and mobile blood banks are being deployed in remote and underserved areas, improving accessibility to life-saving blood transfusions. The rise of public and private partnerships in healthcare infrastructure development has also led to increased funding for blood bank modernization and the expansion of regional transfusion centers. Furthermore, the implementation of strict regulatory guidelines for blood handling and safety has prompted hospitals and diagnostic labs to upgrade to compliant, high-precision blood processing systems. As global health organizations focus on improving transfusion safety and efficiency, demand for advanced blood storage solutions continues to rise.

What Are the Key Growth Drivers Shaping the Future of the Blood Processing and Storage Equipment Market?

The growth in the blood processing and storage equipment market is driven by multiple factors, including increasing blood donation rates, advancements in preservation technology, and the rising incidence of blood-related disorders. One of the primary growth drivers is the growing need for efficient blood storage solutions in emergency and disaster response situations. Natural disasters, pandemics, and large-scale accidents often lead to surges in blood demand, highlighting the importance of high-capacity, temperature-controlled storage systems.

Another crucial driver shaping the market is the rising adoption of automated blood processing systems. As healthcare providers seek to minimize human error and improve workflow efficiency, automation is becoming a key investment area in blood banks and transfusion centers. Additionally, the development of synthetic blood substitutes and regenerative medicine applications is expected to create new opportunities for specialized blood processing and cryogenic storage equipment. With continuous technological advancements and increasing investments in healthcare infrastructure, the blood processing and storage equipment market is poised for significant growth, ensuring improved safety, efficiency, and accessibility of blood products worldwide.

SCOPE OF STUDY:

The report analyzes the Blood Processing and Storage Equipment market in terms of units by the following Segments, and Geographic Regions/Countries:

Segments:

Product Type (Blood Processing Devices, Blood Processing Consumables); End-Use (Blood Banks End-Use, Diagnostic Laboratories End-Use, Hospitals and Clinics End-Use, Other End-Uses)

Geographic Regions/Countries:

World; United States; Canada; Japan; China; Europe (France; Germany; Italy; United Kingdom; Spain; Russia; and Rest of Europe); Asia-Pacific (Australia; India; South Korea; and Rest of Asia-Pacific); Latin America (Argentina; Brazil; Mexico; and Rest of Latin America); Middle East (Iran; Israel; Saudi Arabia; United Arab Emirates; and Rest of Middle East); and Africa.

Select Competitors (Total 34 Featured) -

AI INTEGRATIONS

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Instead of following the general norm of querying LLMs and Industry-specific SLMs, we built repositories of content curated from domain experts worldwide including video transcripts, blogs, search engines research, and massive amounts of enterprise, product/service, and market data.

TARIFF IMPACT FACTOR

Our new release incorporates impact of tariffs on geographical markets as we predict a shift in competitiveness of companies based on HQ country, manufacturing base, exports and imports (finished goods and OEM). This intricate and multifaceted market reality will impact competitors by increasing the Cost of Goods Sold (COGS), reducing profitability, reconfiguring supply chains, amongst other micro and macro market dynamics.

TABLE OF CONTENTS

I. METHODOLOGY

II. EXECUTIVE SUMMARY

III. MARKET ANALYSIS

IV. COMPETITION

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