Detailed Quantitative Analysis of the Current Blood Bank Market Trends and Future Estimations from 2018 to 2025

1. Opportunity Analysis and Industry Forecast, 2016-2023 Global Blood Bank Market Expected to Reach $18,649 Million by 2025 Global Opportunity Analysis and Industry Forecast, 2018-2025

2. Blood Bank Market “Increase in prevalence of hematological diseases play a major role in the growth of the blood bank market. Furthermore, increase in demand for blood transfusion in the developing countries is expected to boost the market growth in the coming years.” 

3. Blood Bank Market Overview According to a new report published by Allied Market Research, titled, Blood Bank Market by Product Type, Function, Bank Type, and End User: Global Opportunity Analysis and Industry Forecast, 20182025, the global blood bank market was valued at $11,527 million in 2017, and is projected to reach $18,649 million by 2025, growing at a CAGR of 6.1% from 2018 to 2025. The hospital segment accounted for more than one-third of the total market share in 2017. Access Full Summary at : https://www.alliedmarketresearch.com/blood-bank-market Blood bank is a place where whole blood and its components are stored for the need of blood transfusion in future. Blood banks major function includes donor recruitment, collection of blood, donor processing, diagnostic testing, preparation of blood components, recordkeeping, typing & cross matching.

4. Blood Bank Market Surge in prevalence of hematological diseases and rise in accidental cases are the key factors driving the growth of the global blood bank market. Furthermore, increase in the number of geriatric population and high demand for safe blood due to high prevalence of transfusion transmissible infections such as HIV, hepatitis B across the world supplements the market growth. However, rise in wastage of donated blood and stringent rules & regulations are anticipated to hamper the market growth. On the contrary, blood transfusion in emerging nations are expected to offer significant profitable opportunities for the market players. 

5. Blood Bank Market, Snapshot Based on product type, the blood bank market is divided into whole blood, red blood cell, platelet, plasma, and white blood cell. The red blood cell segment generated the highest revenue in 2017 and is anticipated to maintain its dominance throughout the forecast period. The report provides a comprehensive analysis of the key players operating in the global blood bank market, namely The American Red Cross, Vitalant, New York Blood Centre, Australian Red Cross, Japan Red Cross Society, American Association of Blood Banks, America's Blood Centers, Canadian Blood Services, Sanquin Blood Supply Foundation, and Blood Bank of Alaska. The other players in the value chain include Indian Red Cross Society, NHS Blood and Transplant, New Zealand Blood Service, National Blood Centre, German Red Cross, Rotary Blood Bank, and others. 

6. Key Benefits For Blood Bank Market • This report provides a detailed quantitative analysis of the current market trends and future estimations from 2018 to 2025, which assists in identifying the prevailing market opportunities. • An in-depth analysis of various regions is anticipated to provide a detailed understanding of the current trends to enable stakeholders formulate region-specific plans. • A comprehensive analysis of the factors that drive and restrain the growth of the global blood bank market is provided. • The key regulatory guidelines for the blood bank market are critically dealt with according to geography. • An extensive analysis of various regions provides insights that are expected to allow companies to strategically plan their business moves. 

7. Blood Bank Market North America Europe Asia-Pacific LAMEA

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