Blood bank devices are used in hospitals and blood banks for application such as blood collection, testing, etc. These devices are used in the processing of blood to ensure safety during the blood transfer.

Market Dynamics

Increasing cases of road accidents across the globe, coupled with rise in number of patients suffering from diseases such as malaria, syphilis, and brucellosis is increasing demand for blood from blood banks which is major factor expected to drive the growth of global blood bank devices market. Road accidents cases registered in countries have witnessed a rapid spike. According to Ministry Of Road Transport And Highways a total of 151,113 people were killed in 480,652 road accidents across India in 2019, an average of 414 a day or 17 an hour. According to Association for Safe International Road Travel, approximately 1.35 million people die in road crashes each year, on average 3,700 people lose their lives every day on the roads. More than 38,000 people die every year in crashes on U.S. roadways. The U.S. traffic fatality rate is 12.4 deaths per 100,000 inhabitants. This is increasing the demand for blood from the blood banks. The government of developed and developing countries is spending high for the development of blood bank infrastructure with the focus on upgrading the traditional instruments, collection devices, and storage devices with advanced solutions. Major players are investing high for product development activities and focus on introduction of innovative solutions are factors expected to augment the growth of global blood bank devices market.

In 2020, Drawbridge Health Inc. focused on enabling personal diagnostic testing launched OneDraw Blood Collection Device. The device is focused on creating a comfortable, convenient, and effortless blood draw experience for both patients and healthcare professionals. This product launch is expected to help the company to enhance the business and increase the customer base.

In 2020, FL Medical the company that specializes in production of blood collection tubes, vacuum blood tubes, disposable test tubes and other disposable launched VACUMED® Tech safety blood collection sets. This product is expected to help the company to increase the revenue share.

Major players approach towards enhancing the business and customers base through strategic merger and acquisition along with focus on partnership with regional players in order to strengthen the distribution channel is factor expected to boost the growth of blood bank devices market. In 2020, BD a global medical technology company signed an agreement with Babson Diagnostics with the focus to enable small-volume blood collection for diagnostic testing in retail settings. This is expected to help the company to increase the business presence. Factors such as high cost of advanced devices and stringent government regulations related to product approval are expected to hamper the growth of global blood bank devices market. In addition, high maintenance cast of equipments is expected to challenge the growth of blood bank devices market. However, increasing investment by major players for development of cost-effective products and establishment of new blood banks by the government are factors expected to create new opportunities for players operating in the target market over the forecast period. In addition, increasing partnership between regional and international players is expected to support the revenue transaction of blood bank devices market.

Segment Analysis by Region

The market in North America is expected to account for major revenue share in the blood bank devices market due to high patient pool suffering from chronic diseases. In addition, favorable business policies by the government and introduction of innovative solutions are factors expected to support the growth of target market.

Rapid technological advancements by major players and increasing cases of trauma and accident cases is expected to increasing demand from advanced blood collection devices from hospitals and blood banks this is expected to boost the growth of regional market.

Competitive Landscape      

The global blood bank devices market is high highly competitive due to presence of large number of players and innovative product offerings. In addition, business expansion activities through partnerships and agreements are factors expected to further increase the competition.

Report coverage

Market	Global Blood Bank Devices Market
Analysis Period	2016 – 2027
Base Year	2019
Forecast Data	2020 – 2027
Market Stratification	Product, Application, End Use and Geography
Regional Scope	North America, Europe, Asia Pacific, Latin America, and Middle East & Africa
Report Coverage	Market Trends, Drivers, Restraints, Competitive Analysis, Player Profiling, Regulation Analysis

Blood Bank Devices Market Segment Analysis, 2019

The global blood bank devices market is segmented into product, application and end use. The application segment is bifurcated into collection, processing, testing, and storage. Among the application the collection segment is expected to account for major revenue share in the target segment. The end use segment is divided into hospital & clinics, diagnostic & pathology labs, academic & research institutes, and blood banks. Among the end use diagnostic & pathology labs segment is expected to account for significant revenue share in the target market.

The players profiled in the report Abbott, Beckman Coulter, Inc., Thermo Fisher Scientific, Inc., Becton, Dickinson and Company, Bio-Rad Laboratories, Inc., Roche Holdings AG, Siemens Healthcare, and TERUMO CORPORATION..

Market Segmentation

Market By Product

Instruments

• Centrifuges
• Blood Filters
• Blood Grouping Analyzers
• Others

Collection Devices

• Collection Needles
• Collection Tubes
• Syringes,
• Blood Bags
• Lancets
• IV Cannulas & Cannulas Access Vials

Storage Devices

• Blood Bank Refrigerators
• Blood Bank Freezers
• Test Tube Racks
• Others

Reagents

• Anti-Sera Reagent
• Anti- Human Globulin
• Blood Bank Saline
• Reagent Blood Cells

Market By Application

Collection

Processing

Testing

Storage

Market By End Use

Hospital & Clinics

Diagnostic & Pathology Labs

Academic & Research Institutes

Blood Banks

Market By Region

North America

• U.S.
• Canada

Europe

• U.K.
• Germany
• France
• Spain
• Rest of Europe

Asia-Pacific

• China
• Japan
• India
• Australia
• South Korea
• Rest of Asia-Pacific

Latin America

• Brazil
• Mexico
• Rest of Latin America

Middle East & Africa

• GCC
• South Africa
• Rest of Middle East & Africa

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