The blood processing devices and consumables market size is expected to see strong growth in the next few years. It will grow to $68.54 billion in 2028 at a compound annual growth rate (CAGR) of 8.7%.  The growth in the forecast period can be attributed to increasing demand in emerging economies, rising geriatric population, point-of-care blood processing, increasing focus on autologous blood transfusions, demand for apheresis procedures, collaborations for research and development. Major trends in the forecast period include technological integration for data management, technological innovations in blood processing, automation and robotics integration, advancements in apheresis technology, rise of point-of-care blood processing.

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Segmentation & Regional Insights
The blood processing devices and consumables market covered in this report is segmented –
1) By Product Type: Devices, Consumables
2) By Devices: Blood Bank Freezers, Blood Grouping Analyzers, Blood Warmer, Blood Cell Processers, Other Devices
3) By Consumables: Blood Bags, Blood Lancets, Vials, Blood Administration Sets, Other Consumables
4) By End User: Hospitals, Diagnostic Centers, Clinics, Academic Institutes, Blood Banks

North America was the largest region in the blood processing devices and consumables market in 2023. Asia-Pacific is expected to be the fastest-growing region in the global blood processing devices and consumables market report during the forecast period. The regions covered in the blood processing devices and consumables market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa

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Major Driver Impacting Market Growth
The rise in the demand for blood transfusion will boost the blood processing devices and consumables market. The increasing disease burden creates demand for these devices and consumables that aid in transfusion of blood. Blood processing devices and consumables are essential for ensuring the safety and efficacy of blood and blood products for transfusion for several diseases that require blood transfusions. For instance, according to the World Cancer Research Fund International, a UK based not-for-profit association related to cancer prevention, there were an estimated 1.9 million cancer cases around the world in 2021. Additionally, In the United States, approximately 90,000 to 100,000 sickle cell disease patients require blood transfusions regularly. Therefore, the rise in the demand for blood transfusion, due to increasing disease burden is expected to drive the blood processing devices, and consumables market forward.

Key Industry Players
Major companies operating in the blood processing devices and consumables market report are Thermogenesis Holdings Inc., Maco Pharma International GmbH, Immucor Inc., Bio-Rad Laboratories Inc., Grifols S.A., Abbott Laboratories, Terumo BCT Inc., Beckman Coulter Inc., Becton Dickinson and Company, Biomerieux SA, Danaher Corporation, Global Scientific Company, Haemonetics Corporation, Sigma Laborzentrifugen GmbH, SARSTEDT AG & Co K, Roche Holdings AG, Beurer GmbH, Cardinal Health Inc., Fresenius Kabi AG, Lmb Technologie GmbH, Fenwal Inc., Kawasumi Laboratories Inc., F. Hoffmann-La Roche Ltd, Thermo Fisher Scientific Inc., Poly Medicure Ltd, Medtronic plc., Nipro Corporation, Sekisui Chemical Co Ltd, Greiner Bio-One International GmbH

The blood processing devices and consumables market report table of contents includes:
1. Executive Summary
2. Blood Processing Devices And Consumables Market Characteristics
3. Blood Processing Devices And Consumables Market Trends And Strategies
4. Blood Processing Devices And Consumables Market - Macro Economic Scenario
5. Global Blood Processing Devices And Consumables Market Size and Growth
......................................
31. Global Blood Processing Devices And Consumables Market Competitive Benchmarking
32. Global Blood Processing Devices And Consumables Market Competitive Dashboard
33. Key Mergers And Acquisitions In The Blood Processing Devices And Consumables Market
34. Blood Processing Devices And Consumables Market Future Outlook and Potential Analysis
35. Appendix

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