- Blood banking devices, encompassing instruments and consumables used for the collection, processing, storage, and transfusion of blood and its components, are indispensable for supporting various medical treatments and procedures across healthcare settings. Their role is critical in ensuring the availability and safety of blood products for patients in need
- The increasing demand for blood banking devices is primarily driven by a rising global prevalence of blood disorders, a growing volume of surgical procedures, and an expanding aging population that often requires blood transfusions. In addition, advancements in medical technologies and a heightened focus on transfusion safety contribute significantly to market growth
- North America dominates the blood banking devices market with the largest revenue share of 42.5% in 2024, characterized by its well-established healthcare infrastructure, high adoption rates of advanced medical technologies, and the presence of leading market players. The U.S., in particular, demonstrates substantial market growth due to a high number of surgical interventions and a stringent focus on blood safety regulations
- Asia-Pacific is expected to be the fastest growing region in the blood banking devices market during the forecast period due to improving healthcare infrastructure, increasing healthcare expenditure, a large patient population, and rising awareness regarding blood donation and transfusion medicine
- Blood collection devices dominates the blood banking devices market with a market share of 35.5% in 2024, driven by its fundamental and continuous need for these devices in all blood banking operations to procure the initial blood supply for processing, storage, and transfusion
