Blood Processing and Storage Equipment Market Size & Share, By Product (Device [Plasma Freezer, Hematocrit Centrifuge, Warmer] Consumable (Blood Lancet, Filter, Administration Set), End-use - Growth Trends, Regional Insights (U.S., Japan, South Korea, UK, Germany), Competitive Positioning, Global Forecast Report 2025-2034

Market Outlook

Blood Processing and Storage Equipment Market size is anticipated to grow significantly, reaching USD 100.75 billion by 2034, up from USD 49.8 Billion. This growth represents a CAGR of over 7.3%, with a revenue forecast of USD 52.98 billion for 2025.

• Base Year Value (2024): USD 49.8 billion
• CAGR (2025-2034): 7.3%
• Forecast Year Value (2034): USD 100.75 billion
• Historical Data Period: 2021-2024
• Largest Region: North America
• Forecast Period: 2025-2034

Key Takeaways

In terms of segmentation, the global Blood Processing and Storage Equipment market is analyzed on the basis of Product, End-Use.

Market Dynamics

Growth Drivers & Opportunities:

The Blood Processing and Storage Equipment Market is experiencing significant growth due to several key drivers. An aging global population is one of the primary factors, as older individuals often require more blood transfusions and associated medical procedures. This demographic shift is compelling healthcare systems to enhance their blood processing and storage capabilities to meet rising demand. Additionally, the increasing prevalence of chronic diseases, such as anemia and hemophilia, necessitates a more robust blood supply chain, further accelerating market growth.

Technological advancements are also playing a crucial role in expanding opportunities within this market. The introduction of modern blood processing technologies, such as automated blood collection systems and enhanced refrigeration solutions, is improving efficiency and safety in blood storage. Furthermore, innovations in blood processing techniques, including leukoreduction and pathogen inactivation, are paving the way for safer transfusions, attracting both healthcare providers and patients.

Regulatory support from governmental and international health organizations is another driver contributing to market expansion. Initiatives aimed at ensuring the quality and safety of blood products have encouraged investments in advanced blood processing and storage equipment. As countries increasingly adopt stringent safety protocols, healthcare facilities are motivated to upgrade their equipment to comply with these regulations, creating an opportunity for market players.

Industry Restraints:

Despite the promising growth prospects, the Blood Processing and Storage Equipment Market faces several restraints that could hinder its expansion. One significant challenge is the high cost of advanced blood processing technologies. Many healthcare facilities, particularly in developing regions, may struggle to invest in state-of-the-art equipment due to limited budgets. This financial barrier can restrict access to modern blood processing solutions, ultimately affecting the overall market growth.

Another restraint is the complex regulatory landscape surrounding blood processing and storage. Compliance with stringent regulations and guidelines can be a daunting task for manufacturers and healthcare providers. The need for extensive documentation, quality assurance, and continuous monitoring can create operational inefficiencies and slow down the adoption of newer technologies. Moreover, variations in regulatory standards across different countries may pose challenges for global players looking to standardize their offerings.

Concerns regarding blood safety and contamination are also significant restraints in the market. Incidents of transfusion-transmissible infections can lead to a lack of public trust in blood products, affecting donation rates and thus impacting the supply chain. Hospitals and blood banks must continuously work to ensure that their practices mitigate these risks, which can involve additional investments in equipment and training, straining their resources.

Regional Forecast

North America

The Blood Processing and Storage Equipment Market in North America is primarily driven by the United States, which accounts for a substantial share of the market due to advanced healthcare infrastructure and a robust emphasis on research and development. The prevalence of blood transfusion practices and increasing awareness about the importance of blood donation have further augmented demand for blood processing equipment. Canada is also witnessing growth, albeit at a slightly slower rate than the U.S. The presence of leading manufacturers and the growing integration of technology in blood storage and management systems play a crucial role in bolstering the market in this region.

Asia Pacific

In the Asia Pacific, China is anticipated to emerge as a significant player in the Blood Processing and Storage Equipment Market, spurred by the rapidly expanding healthcare sector and increasing investments in blood donation programs. The rising population and changing demographics contribute to higher demand for blood-related services. Japan and South Korea are also crucial markets, characterized by advanced medical technology and strong healthcare systems. Both countries are expected to experience steady growth owing to increasing awareness among the populace regarding the benefits of blood donation and advancements in processing technologies.

Europe

Europe's Blood Processing and Storage Equipment Market is led by countries such as Germany, the UK, and France which benefit from established healthcare frameworks and significant investments in medical technologies. Germany, in particular, is recognized for its strong industrial base and technological expertise in medical equipment manufacturing. The UK's National Health Service promotes efficient blood donation and transfusion processes, contributing to market expansion. Meanwhile, France is focusing on enhancing its blood supply systems, making it a notable contender for growth in the region. Overall, Europe shows a balanced growth trajectory, driven by regulatory support and increasing healthcare expenditure.

Segmentation Analysis

  Product Segmentation

The Blood Processing and Storage Equipment Market is primarily segmented into blood collection, blood processing, and blood storage equipment. Among these, blood collection equipment, which includes items like blood bags, needles, and collection tubes, is expected to exhibit the largest market size due to the increasing frequency of blood donation drives and the growing awareness about blood donation. Blood processing equipment, which encompasses devices like centrifuges and blood filters, is anticipated to witness significant growth, driven by advancements in technology that enhance the efficiency and safety of blood component separation. Blood storage equipment, particularly refrigerators and freezers specifically designed for blood products, will also show substantial growth as healthcare facilities strive to meet regulatory compliance and improve inventory management practices.

End-Use Segmentation

End-use segmentation in the Blood Processing and Storage Equipment Market covers hospitals, blood banks, and diagnostic laboratories. Hospitals constitute the largest segment, fueled by their high volume of surgeries and the need for adequate blood supplies. The increasing demand for emergency and trauma care within hospital settings further supports this segment’s prominence. Blood banks, which focus solely on blood collection, processing, and storage, are projected to experience the fastest growth rate. This is attributed to the rising number of blood donation programs and the urgent need to maintain a stable blood supply for transfusions and treatments. Diagnostic laboratories, while smaller in market size compared to hospitals and blood banks, are expected to see a gradual increase as the integration of blood analysis and processing technology becomes more commonplace in routine procedures.

Regional Insights

Regionally, the Blood Processing and Storage Equipment Market displays diversified growth patterns. North America is generally considered the largest market due to its advanced healthcare infrastructure and high levels of investment in medical technologies. This region is driving the overall market with a well-established network of hospitals and blood banks. Meanwhile, the Asia-Pacific region is anticipated to experience the fastest growth due to the increasing prevalence of chronic diseases, rising healthcare expenditure, and rapid urbanization. Emerging economies in this region are actively expanding their healthcare capabilities, thereby boosting the demand for blood processing and storage equipment. Europe follows closely, with a robust focus on stringent quality standards and regulations that support the growth of this market.

Competitive Landscape

The competitive landscape in the Blood Processing and Storage Equipment Market is characterized by a mix of established players and emerging innovators, all striving to enhance product offerings and maintain a competitive edge. Companies are increasingly focusing on technological advancements, such as automation and digitalization, to improve efficiency and safety in blood processing and storage. Strategic collaborations, mergers, and acquisitions are common as firms look to expand their market presence and access new customer segments. Regulatory compliance and quality assurance remain critical differentiators in this sector, as players aim to meet stringent industry standards. The market is witnessing increased investment in research and development, enabling continuous improvement in capabilities and product features, thereby fostering a dynamic competitive environment.

Top Market Players

1. Grifols S.A.

2. Terumo Corporation

3. Fresenius SE & Co. KGaA

4. Haemonetics Corporation

5. Immucor, Inc.

6. Blood Centers of America, Inc.

7. Bio-Rad Laboratories, Inc.

8. Panasonic Healthcare Holdings

9. Abbott Laboratories

10. Sarstedt AG & Co.