Blood Processing Devices & Consumables Market By Product (Devices, Consumables), By End-use (Hospitals and Clinics, Diagnostic Laboratories), and By Region; Global Insights & Forecast (2024 – 2030)

As per Intent Market Research, the Blood Processing Devices & Consumables Market was valued at USD 42.4 billion in 2023 and will surpass USD 69.8 billion by 2030; growing at a CAGR of 7.4% during 2024 - 2030.

The blood processing devices and consumables market is an essential segment of the healthcare industry, driven by the rising demand for blood-related medical treatments and diagnostic procedures. This market encompasses a wide range of products designed to facilitate the collection, processing, and storage of blood and blood components. The increasing prevalence of chronic diseases, advancements in medical technology, and the growing number of surgical procedures have significantly contributed to the growth of this market. Additionally, the market is fueled by the rising demand for blood transfusion services, especially in hospitals and clinics, as well as the need for diagnostic laboratories that rely on blood tests for accurate diagnosis and treatment.

As healthcare systems evolve and the importance of blood-related treatments continues to grow, the blood processing devices and consumables market is expected to expand rapidly. Key drivers such as rising geriatric populations, growing healthcare awareness, and advancements in blood management systems will likely propel market growth. With innovations in blood processing technology, such as automated blood collection devices and advanced blood storage solutions, the market is positioned for continued expansion. The market is segmented into products (devices and consumables) and end-users (hospitals, diagnostic laboratories, and others), each playing a crucial role in the overall blood processing process.

Devices Segment is Largest Due to Increasing Demand for Advanced Blood Processing Technology

The devices segment holds the largest share in the blood processing devices and consumables market, owing to the growing demand for advanced blood processing technologies across healthcare settings. Blood processing devices include a wide range of equipment used in blood collection, separation, storage, and transfusion processes. As the need for blood transfusions rises globally, hospitals and clinics are increasingly adopting automated and advanced devices to improve the efficiency and safety of blood processing. These devices enhance the accuracy of blood separation, minimize the risk of contamination, and ensure the optimal preservation of blood components.

Technological advancements in blood processing devices, such as continuous flow separation systems and blood bag systems with integrated monitoring functions, are further driving the market's growth. These innovations improve the safety and reliability of blood collection and transfusion processes, making them crucial for healthcare providers. Additionally, the growing trend of point-of-care testing and the shift toward automated blood collection methods in hospitals and diagnostic laboratories are boosting the demand for sophisticated blood processing devices. As hospitals and healthcare centers look to improve patient outcomes and reduce manual intervention, the adoption of these devices is expected to continue growing, solidifying their position as the largest segment in the market.

Consumables Segment is Fastest Growing Due to Increased Blood Collection and Testing Requirements

The consumables segment is the fastest growing in the blood processing devices and consumables market, driven by the increasing volume of blood collections, testing, and transfusions. Blood processing consumables include a variety of products such as blood bags, filters, needles, tubes, and reagents that are integral to the blood collection and processing process. With the rise in the number of surgical procedures, medical emergencies, and diagnostic testing, the need for consumables has surged, making them a key component of the market's growth.

As the healthcare industry increasingly focuses on blood safety, the demand for high-quality and disposable blood processing consumables continues to rise. The consumables used in blood collection and testing procedures are critical for preventing contamination and ensuring the integrity of blood samples. The increasing number of diagnostic tests performed, as well as the rising prevalence of chronic diseases requiring regular blood testing, is driving the growth of this segment. Furthermore, the trend toward disposable, single-use consumables for improved patient safety is encouraging hospitals and diagnostic laboratories to purchase these products in larger quantities. This shift is expected to propel the consumables segment as the fastest growing area of the blood processing market in the coming years.

Hospitals and Clinics are Largest End-User Due to High Blood Transfusion Demand

The hospitals and clinics segment is the largest end-user of blood processing devices and consumables, driven by the significant volume of blood transfusions and other medical treatments involving blood products. Hospitals and clinics are the primary settings where blood collection, testing, and transfusions are carried out, making them a major consumer of blood processing products. The increasing number of patients requiring blood transfusions due to surgeries, trauma, cancer treatments, and chronic diseases has boosted the demand for blood processing devices and consumables in these healthcare facilities.

Moreover, hospitals are also incorporating advanced blood processing technologies to improve the efficiency of their operations and ensure patient safety. The adoption of automated blood processing devices, along with high-quality consumables, has become a standard practice in many hospitals and clinics to enhance the safety and effectiveness of blood transfusion procedures. As the global population ages and the number of surgical and emergency medical procedures increases, the demand for blood processing products in hospitals and clinics is expected to remain strong, securing their position as the largest end-user segment in the market.

North America Leads Blood Processing Devices & Consumables Market Due to Advanced Healthcare Infrastructure

North America is the leading region in the blood processing devices and consumables market, owing to its advanced healthcare infrastructure, high healthcare spending, and significant technological advancements in the medical sector. The United States, in particular, is a key market for blood processing products, with a large number of hospitals, diagnostic laboratories, and blood banks requiring advanced devices and consumables for blood collection, separation, and transfusion processes. The high prevalence of chronic diseases, along with an aging population, has further driven the demand for blood products and related technologies.

In addition to the strong demand for blood processing devices and consumables, North America benefits from continuous innovations in healthcare technologies. The region’s healthcare systems are at the forefront of adopting new blood management systems, automated processing devices, and safety-enhancing consumables. Furthermore, the regulatory environment in North America ensures that blood products and equipment meet the highest safety and quality standards, which is critical for the growth of the market. As North America continues to invest in healthcare advancements and blood management technologies, the region is expected to maintain its leadership in the global blood processing market.

Competitive Landscape: Key Players and Market Dynamics

The blood processing devices and consumables market is highly competitive, with several key players dominating the global market. Leading companies in this space include Thermo Fisher Scientific, Haemonetics Corporation, Baxter International Inc., Medtronic, and Stryker Corporation. These companies are continually innovating and expanding their product offerings to meet the growing demand for blood processing technologies. Product innovations, such as automated blood processing devices, as well as the development of disposable and safer consumables, are key strategies being employed to enhance market share.

In addition to product innovation, companies are focusing on strategic partnerships, acquisitions, and mergers to strengthen their presence in the global market. The emphasis on regulatory compliance, as well as the expansion of distribution networks, particularly in emerging markets, is shaping the competitive landscape. As the demand for blood-related treatments and diagnostics continues to grow, the competitive dynamics in the blood processing market are expected to become even more intense, with companies striving to differentiate themselves through technology, product quality, and customer service.

Recent Developments:

• In July 2024, Medtronic launched a new automated blood collection system, designed to improve the efficiency and safety of blood donations, while reducing operator errors.
• In May 2024, Haemonetics Corporation expanded its product line with advanced blood separation technologies aimed at enhancing blood transfusion and patient outcomes in hospitals.
• In March 2024, Terumo Corporation announced a strategic partnership with blood banks in the U.S. to improve the availability and distribution of blood processing consumables.
• In December 2023, Fresenius Medical Care received regulatory approval in Europe for its new blood filtration devices, designed to optimize the quality of plasma for therapeutic uses.
• In November 2023, Baxter International revealed its plans to acquire a leading manufacturer of blood processing consumables, strengthening its position in the global blood transfusion market.

List of Leading Companies:

• Biomerieux SA
• Abbott
• Bio-Rad Laboratories, Inc.
• BD
• F. Hoffmann-La Roche Ltd
• Danaher
• Immucor, Inc.
• ThermoGenesis Holdings, Inc.
• Grifols, S.A.
• Terumo Corporation
• Haemonetics Corporation
• Macopharma

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