Blood Market to Reach $10.25 Bn, Globally, by 2027 at 4.5% CAGR: Allied Market Research

Blood Market to Reach $10.25 Bn, Globally, by 2027 at 4.5% CAGR: Allied Market Research

PR Newswire

PORTLAND, Oregon, June 15, 2020

- Rise in demand for blood and other blood related products and increase in geriatric population across the globe drive the global blood market

PORTLAND, Oregon, June 15, 2020 /PRNewswire/ -- Allied Market Research published a report, titled, "Blood Market by Product (Whole Blood Collection and Processing, Source Plasma Collection, Blood Typing Products, and Blood Screening Products) and End User (Blood & Blood Component Bank, Diagnostic Laboratories, Ambulatory Surgical Centers, Hospitals, and Others): Global Opportunity Analysis and Industry Forecast, 2019–2026." According to the report, the global blood market garnered $7.20 billion in 2019, and is estimated to reach $10.25 billion by 2027, registering a CAGR of 4.5% from 2020 to 2027.

Allied Market Research Logo

Drivers, restraints, and opportunities-

Increase in demand for blood and other blood related products, upsurge in geriatric population and rise in blood donations and plasma donations across the globe drive the growth of the global blood market. However, high cost of advanced blood collection devices and lack of skilled laboratory professionals hinder the market growth. On the other hand, developing economies are anticipated to offer new opportunities in the coming years.

Request Sample Report at: https://www.alliedmarketresearch.com/request-sample/2297

Covid-19 Scenario-

The whole blood collection and processing segment to maintain its lead status-

Based on product, the whole blood collection and processing segment accounted for more than half of the global blood market in 2019, and is expected to maintain its lead status in terms of revenue throughout the forecast period. This is due to surge in demand for whole blood owing to increase in prevalence of chronic disorders which require donated blood for treatment. However, the source plasma collection segment is estimated to portray the highest CAGR of 6.4% from 2020 to 2027, owing to surge in plasma donations across the globe

The blood and blood component bank segment to maintain its leadership position-

Based on end user, the blood and blood component bank segment contributed to the highest market share with more than one-third of the global blood market in 2019, and is estimated to maintain its leadership position during the forecast period. Moreover, the same segment is estimated to generate the fastest CAGR of 5.4% from 2020 to 2027. This is attributed to surge in number of blood banks, rise in awareness associated with blood donation, and increase in number of plasma and blood donations.

North America to maintain its dominant by 2026-

Based on region, North America accounted for the highest share based on revenue, holding for around two-fifth of the global blood market in 2019, and is projected to maintain its dominant position throughout the forecast period. This is attributed to easy availability of systems and reagents used in blood collection, processing, and screening in this region. However, Asia-Pacific is estimated to portray the fastest CAGR of 6.2% from 2020 to 2027, owing to factors including rise in number of patients suffering from chronic diseases and improving healthcare facilities in the region.

For Purchase Enquiry at: https://www.alliedmarketresearch.com/purchase-enquiry/2297

Leading market players

Avenue Basic Plan | Library Access | 1 Year Subscription |

Sign up for Avenue subscription to access more than 12,000+ company profiles and 2,000+ niche industry market research reports at $699 per month, per seat. For a year, the client needs to purchase minimum 2 seat plan.

Avenue Library Subscription | Request for 14 days free trial of before buying: https://www.alliedmarketresearch.com/avenue/trial/starter

Get more information: https://www.alliedmarketresearch.com/library-access

Similar Reports:

Occupational Medicines Market - Global Opportunity Analysis and Industry Forecast, 2019-2026

Advanced Wound Care Market - APAC Opportunity Analysis and Industry Forecast, 2019-2026

Antiviral Drugs Market - Global Opportunity Analysis and Industry Forecast, 2019-2026

Disposable Incontinence Products Market - Global Opportunity Analysis and Industry Forecast, 2019-2026

Enteric Softgel Capsules Market - Global Opportunity Analysis and Industry Forecast, 2019-2026

About Us

Allied Market Research (AMR) is a full-service market research and business-consulting wing of Allied Analytics LLP based in Portland, Oregon. Allied Market Research provides global enterprises as well as medium and small businesses with unmatched quality of "Market Research Reports" and "Business Intelligence Solutions." AMR has a targeted view to provide business insights and consulting to assist its clients to make strategic business decisions and achieve sustainable growth in their respective market domain.

We are in professional corporate relations with various companies and this helps us in digging out market data that helps us generate accurate research data tables and confirms utmost accuracy in our market forecasting. Each and every data presented in the reports published by us is extracted through primary interviews with top officials from leading companies of domain concerned. Our secondary data procurement methodology includes deep online and offline research and discussion with knowledgeable professionals and analysts in the industry.

Contact:

David Correa
5933 NE Win Sivers Drive
#205, Portland, OR 97220
United States
USA/Canada (Toll Free): 1-800-792-5285, +1-503-894-6022, +1-503-446-1141
UK: +44-845-528-1300
Hong Kong: +852-301-84916
India (Pune): +91-20-66346060
Fax: +1(855)550-5975
help@alliedmarketresearch.com
Web: https://www.alliedmarketresearch.com
Follow Us on LinkedIn: https://www.linkedin.com/company/allied-market-research

Logo: https://mma.prnewswire.com/media/636519/Allied_Market_Research_Logo.jpg  

Voltar noticias em Inglês