Global Blood Processing Devices & Consumables Market Set to Reach USD 79 Billion by 2030, Fueled by Rising Demand for Blood Testing and Diagnostics

Global Blood Processing Devices & Consumables Market Set to Reach USD 79 Billion by 2030, Fueled by Rising Demand for Blood Testing and Diagnostics

 

According to Next Move Strategy Consulting, the global Blood Processing Devices & Consumables Market is forecast to reach USD 79 billion by 2030, growing at a healthy compound annual growth rate (CAGR) of 7% from 2022 to 2030. The market’s growth is propelled by the increasing prevalence of blood-related diseases, the rising number of blood donation initiatives worldwide, and the growing use of blood testing technologies in diagnostics and treatment.

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Key Market Drivers

The increasing incidence of blood infections, including sepsis and bloodstream infections, is significantly driving the demand for blood processing devices and consumables. Sepsis, a life-threatening condition caused by blood infections, is responsible for millions of deaths annually. According to the World Health Organization (WHO), sepsis is responsible for approximately 11 million deaths globally, further emphasizing the need for effective blood testing and monitoring devices. Moreover, the growing prevalence of blood-related diseases such as anemia, cancer, and cardiovascular conditions has increased the demand for blood tests and procedures that rely on blood processing devices.

In addition, the growing number of blood donation camps and initiatives by government organizations and nonprofits worldwide is a major factor contributing to market expansion. The frequency of blood transfusions required for surgeries, trauma treatment, and chronic disease management further bolsters the market for blood processing devices.

The adoption of advanced technologies in blood processing, such as cell processors, blood warmers, and blood bank freezers, is also fueling market growth. For example, automated blood processing devices designed to improve the safety and efficiency of blood collection, separation, and storage are helping healthcare providers deliver better patient outcomes.

Trends Shaping the Blood Processing Devices & Consumables Market

  1. Rising Incidences of Blood Cancer and Chronic Diseases: The increasing number of cases of leukemia, lymphoma, and other blood cancers, especially in North America, is boosting the demand for blood testing and transfusions. According to the American Cancer Society, approximately 60,650 new leukemia cases were diagnosed in the U.S. in 2022, driving the need for blood processing systems for diagnosis, treatment, and storage.
  2. Growth in Diagnostic Testing: As blood testing becomes increasingly vital in the early detection of diseases like cancer, diabetes, and infections, the demand for high-quality blood processing devices is growing. The market for diagnostic laboratories and hospitals that rely on advanced blood testing technologies is expected to see substantial growth in the coming years.
  3. Government and Organizational Support: Governments and non-profit organizations are conducting large-scale blood donation drives and awareness campaigns to ensure the availability of safe blood supplies. For instance, the Indian government’s Mega Blood Donation Drive in 2022 successfully collected a record 1,327 units of blood, supporting the growing need for blood processing and storage equipment.
  4. Technological Innovations: The introduction of automated blood processing devices, such as the Hemanext ONE Red Blood Cell (RBC) processing system, which simplifies the storage and processing of red blood cells, is expected to create new opportunities in the market.

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Challenges and Restraints

Despite the market’s growth, certain challenges such as the high cost of devices and stringent government regulations regarding blood collection, storage, and testing could restrain the expansion of the blood processing devices & consumables market. Additionally, ensuring the safety and quality of blood products remains a priority, and any issues related to contamination or improper handling could negatively impact the market.

Market Segmentation and Scope of the Study

The global blood processing devices and consumables market is segmented as follows:

  • By Product:
    • Blood Processing Devices: Blood cell processors, blood warmers, blood bank freezers, plasma freezers, lab refrigerators, shock freezers, and hematocrit centrifuges.
    • Blood Processing Consumables: Blood bags, lancets, test tubes, vials, administration sets, and coagulation reagents.
  • By Application: Bleeding disorders, trauma and surgery, cancer treatment, anemia, and others.
  • By End User: Hospitals, diagnostic laboratories, clinics, and others.
  • By Geography: North America, Europe, Asia-Pacific, and Rest of the World (RoW).

Geographical Insights

  • North America dominates the global market, with the high prevalence of blood cancers and cardiovascular diseases fueling demand for blood processing devices. The U.S. alone accounts for a significant share of the global blood processing market, supported by a large number of blood banks, hospitals, and diagnostic laboratories.
  • Asia-Pacific is expected to witness steady growth, driven by government initiatives aimed at improving blood donation awareness and expanding access to blood processing equipment. Additionally, the rising incidence of diabetes in regions such as Southeast Asia is contributing to increased blood testing and processing needs.

Competitive Landscape

Key players in the blood processing devices and consumables market include:

  • Abbott Laboratories
  • Terumo Blood and Cell Technologies
  • Hemanext Inc.
  • Bio-Rad Laboratories
  • Danaher Corporation
  • Grifols International
  • Roche Holdings
  • Becton Dickinson and Company

These companies are focusing on technological advancements, product innovation, and strategic collaborations to enhance their market presence. For example, Hemanext Inc. received a CE Certificate of Conformity for its Hemanext ONE RBC processing and storage system, which has been developed to ensure the safe processing and storage of blood products.

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