BLOOD BANKING DEVICES MARKET ANALYSIS

Regional Analysis

Global Blood Banking Devices Market- Regional Insights

• North America is the largest market for blood banking devices, with a market share of 42% in 2022, as North America has witnessed increased demand for blood collection supplies to support its growing population in need of blood transfusions and testing. Hospitals and blood banks in the U.S. require reliable access to quality collection supplies to protect patients and staff from exposure risks.
• Asia Pacific is the second largest market for blood banking devices, with a share of 28% in 2022. Several factors have contributed to the leadership position of blood banking devices in Asia Pacific. The blood processing devices sub segment contributes the highest share in the Asia Pacific (APAC) market. This is due to the growing volume of blood collection in major APAC countries such as China, India, and Japan which process large amounts of blood annually. According to data by the national blood services of respective countries, China processes over 11 million units of blood annually through over 3000 blood centers. Similarly, India and Japan process over 8 million and 3 million units respectively each year.
• Europe is the third-largest market for blood banking devices, with a share of 19.9% in 2022. Blood storage devices have been the leading sub-segment in the Europe region this is due to the rising demand for effective and reliable storage of blood and its components. In 2019, according to the annual report by the European Blood Alliance, there has been a significant rise in blood collection in European countries over the past five years. This has necessitated improved storage infrastructure and devices.

Figure 1. Global Blood Banking Devices Market Share (%), By Region, 2024