The global blood and blood components market is estimated to be valued at US$ 40,779 million in 2021 and is expected to exhibit a CAGR of 4.7% over the forecast period (2021-2028).
The increasing cases of bleeding disorders and chronic diseases such as blood cancer is expected to drive growth of the global blood and blood components market over the forecast period.
For instance, according to the National Institute of Health (NIH), U.S. statistics 2018, around 459,058 people suffered from leukemia, a type of blood cancer, in the U.S. in 2018. NIH also estimates that around 61,090 new cases of leukemia would be recorded in U.S. in 2021.
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