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Blood Processing Storage Equipment Market

ID: MRFR/MED/38817-HCR
128 Pages
Rahul Gotadki
October 2025

Blood Processing and Storage Equipment Market Research Report By Equipment Type (Blood Collection Bags, Blood Storage Refrigerators, Blood Warmers, Platelet Agitators, Blood Processing Systems), By Application (Hospitals, Blood Banks, Clinical Laboratories, Emergency Medical Services), By Product Material (Plastic, Glass, Metal, Composite Materials), By Technology (Manual Processing, Automated Processing, Point-of-Care Testing), By End User (Healthcare Providers, Research Institutions, Pharmaceutical Companies) and By Regional (North Americ... read more

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Blood Processing Storage Equipment Market Summary

As per MRFR analysis, the Blood Processing and Storage Equipment Market was estimated at 3.345 USD Billion in 2024. The Blood Processing and Storage Equipment industry is projected to grow from 3.529 USD Billion in 2025 to 6.034 USD Billion by 2035, exhibiting a compound annual growth rate (CAGR) of 5.51 during the forecast period 2025 - 2035.

Key Market Trends & Highlights

The Blood Processing and Storage Equipment Market is poised for substantial growth driven by technological advancements and increasing demand.

  • Technological advancements are enhancing the efficiency and safety of blood processing equipment.
  • North America remains the largest market, while Asia-Pacific is emerging as the fastest-growing region in this sector.
  • Blood collection bags dominate the market, whereas blood warmers are witnessing the fastest growth in demand.
  • Key drivers include rising demand for blood components and increasing investment in healthcare infrastructure.

Market Size & Forecast

2024 Market Size 3.345 (USD Billion)
2035 Market Size 6.034 (USD Billion)
CAGR (2025 - 2035) 5.51%

Major Players

Terumo Corporation (JP), Fresenius SE & Co. KGaA (DE), Grifols S.A. (ES), Haemonetics Corporation (US), Baxter International Inc. (US), Bio-Rad Laboratories, Inc. (US), Cellerant Therapeutics, Inc. (US), Kawasumi Laboratories, Inc. (JP), Medtronic plc (IE)

Blood Processing Storage Equipment Market Trends

The Blood Processing and Storage Equipment Market is currently experiencing a transformative phase, driven by advancements in technology and increasing demand for efficient blood management systems. Innovations in equipment design and functionality are enhancing the capabilities of blood banks and hospitals, allowing for improved processing, storage, and distribution of blood products. This evolution is not only aimed at increasing the safety and efficacy of blood transfusions but also at optimizing operational workflows within healthcare facilities. As the global population continues to grow, the need for reliable blood processing solutions becomes more pronounced, suggesting a robust future for this sector. Moreover, regulatory bodies are placing greater emphasis on the quality and safety of blood products, which further propels the market forward. The integration of automation and digital solutions into blood processing equipment is likely to streamline operations, reduce human error, and enhance traceability. Additionally, the rising prevalence of chronic diseases necessitates a steady supply of blood components, thereby reinforcing the importance of efficient storage solutions. Overall, the Blood Processing and Storage Equipment Market appears poised for sustained growth, driven by technological advancements and evolving healthcare needs.

Technological Advancements

The Blood Processing and Storage Equipment Market is witnessing a surge in technological innovations, particularly in automation and digitalization. These advancements are enhancing the efficiency and accuracy of blood processing, leading to improved patient outcomes.

Regulatory Compliance

Increasing regulatory scrutiny regarding blood safety and quality is shaping the market landscape. Manufacturers are focusing on developing equipment that meets stringent guidelines, ensuring that blood products are safe for transfusion.

Rising Demand for Blood Components

The growing prevalence of chronic diseases and surgical procedures is driving the demand for blood components. This trend necessitates the development of advanced storage solutions to maintain the integrity and availability of blood products.

Blood Processing Storage Equipment Market Drivers

Rising Demand for Blood Components

The Blood Processing and Storage Equipment Market is witnessing a notable increase in the demand for blood components, driven by various factors including an aging population and rising incidences of chronic diseases. As healthcare providers seek to improve patient outcomes, the need for specific blood components such as platelets, plasma, and red blood cells is escalating. This trend necessitates advanced processing and storage solutions to ensure the availability and quality of these components. Market data indicates that the demand for blood components is projected to rise by approximately 5% annually, prompting blood banks to invest in state-of-the-art equipment. Consequently, this growing demand is likely to stimulate innovation and expansion within the market.

Growing Awareness of Blood Donation

The Blood Processing and Storage Equipment Market is positively influenced by the growing awareness of the importance of blood donation. Campaigns aimed at educating the public about the need for blood donations are becoming more prevalent, leading to increased participation in blood donation drives. This heightened awareness not only boosts the volume of collected blood but also necessitates the use of advanced processing and storage equipment to handle the increased supply. Blood banks are likely to invest in modern technologies to ensure the safe and efficient processing of donated blood. As awareness continues to grow, the market is expected to expand, driven by the need for improved equipment to support the rising donation rates.

Regulatory Compliance and Standards

Regulatory compliance plays a crucial role in shaping the Blood Processing and Storage Equipment Market. Stringent regulations imposed by health authorities ensure that blood processing and storage equipment meet safety and quality standards. Compliance with these regulations not only protects patients but also enhances the credibility of blood banks and healthcare facilities. The need for adherence to guidelines, such as those set by the World Health Organization and local health agencies, drives the demand for high-quality equipment. As a result, manufacturers are increasingly investing in research and development to create compliant products, which is likely to propel market growth. The market is expected to witness a steady increase as facilities prioritize compliance to maintain operational licenses.

Technological Advancements in Blood Processing

The Blood Processing and Storage Equipment Market is experiencing a surge in technological advancements that enhance the efficiency and safety of blood handling. Innovations such as automated blood collection systems and advanced storage solutions are becoming increasingly prevalent. These technologies not only streamline operations but also reduce the risk of contamination and improve the overall quality of blood products. For instance, the integration of artificial intelligence in blood management systems is expected to optimize inventory control and reduce wastage. As hospitals and blood banks adopt these cutting-edge technologies, the market is projected to grow significantly, with estimates suggesting a compound annual growth rate of over 6% in the coming years.

Increasing Investment in Healthcare Infrastructure

Investment in healthcare infrastructure is a significant driver for the Blood Processing and Storage Equipment Market. Governments and private entities are increasingly allocating funds to enhance healthcare facilities, particularly in developing regions. This investment often includes the procurement of advanced blood processing and storage equipment to improve the efficiency of blood banks and hospitals. Enhanced infrastructure not only facilitates better blood management but also ensures that healthcare providers can meet the rising demand for blood products. As a result, the market is expected to benefit from this trend, with projections indicating a potential increase in market size as new facilities are established and existing ones upgraded.

Market Segment Insights

By Type: Blood Collection Bags (Largest) vs. Blood Warmers (Fastest-Growing)

In the Blood Processing and Storage Equipment Market, Blood Collection Bags hold a significant market share due to their widespread use in healthcare settings for the safe collection and transportation of blood. Following closely behind are Blood Storage Refrigerators and Platelet Agitators, which also contribute substantially to the overall market landscape. Blood Processing Systems, while crucial for the processing of collected blood, have a relatively smaller share compared to these primary segments. The diverse applicability and regulatory support for these equipment types underscore their importance in blood management.

Blood Collection Bags (Dominant) vs. Blood Warmers (Emerging)

Blood Collection Bags are the dominant segment in the market, recognized for their essential role in both hospital and transfusion settings. They are typically made from flexible materials that can withstand negative pressure and are equipped with safety features to minimize contamination. In contrast, Blood Warmers are emerging as a significant segment within the blood processing sphere, driven by the increasing need for warm blood products during transfusions, especially in trauma cases. Their rapid development is propelled by advancements in technology, which enhance warming efficiency and safety, making them a critical component in modern blood management protocols.

By Application: Hospitals (Largest) vs. Blood Banks (Fastest-Growing)

The Blood Processing and Storage Equipment Market is significantly driven by its application across various sectors, with hospitals commanding the largest market share. This is attributed to the high volume of blood transfusions and surgical procedures carried out in hospitals. Blood banks, while trailing behind hospitals, are witnessing the most dynamic growth. This rapid development is propelled by the increasing need for blood donations and advances in blood storage technology, making them crucial players in the landscape of blood processing.

Hospital (Dominant) vs. Clinical Laboratories (Emerging)

Hospitals are pivotal in the Blood Processing and Storage Equipment Market, operating as the largest segment due to their essential role in emergency and elective surgeries, which necessitate reliable blood storage and processing solutions. The demand for high-quality blood products, coupled with the ongoing expansion of hospital facilities, reinforces their dominant market position. In contrast, clinical laboratories are emerging as significant contributors as they increasingly adopt innovative technologies to enhance blood testing and processing efficiencies. This transition is driven by the growing emphasis on accurate diagnostics and the need for streamlined operations, positioning clinical laboratories as a segment to watch in the evolving landscape.

By Product Material: Plastic (Largest) vs. Metal (Fastest-Growing)

In the Blood Processing and Storage Equipment Market, the Product Material segment showcases a diverse landscape characterized by various materials such as Plastic, Glass, Metal, and Composite Material. Plastic holds the largest market share, favored for its lightweight, durable, and cost-effective properties, essential in meeting the increasing demand for blood storage solutions. In contrast, the Glass segment holds a smaller share but is preferred for specific applications due to its inert properties and excellent barrier performance, contributing to the market's segmented diversity. The growth trends within this segment reveal a shift in preference towards innovative Materials. While Plastic remains dominant, Metal is emerging as the fastest-growing segment, driven by advancements in material technology and a rising focus on sustainability. Composite Material is gradually gaining traction as an attractive alternative, combining the benefits of various materials to enhance performance in blood processing applications, fostering a competitive and evolving marketplace.

Plastic (Dominant) vs. Composite Material (Emerging)

Plastic has established itself as the dominant product material in the Blood Processing and Storage Equipment Market due to its lightweight nature, cost-effectiveness, and flexibility in design. Its widespread use is driven by the need for efficient blood storage and processing solutions that do not compromise on safety and integrity. Plastic products are easy to manufacture and can be molded into various shapes, catering to a plethora of medical and storage applications. On the other hand, Composite Material is emerging as a strong contender, particularly valued for its ability to combine multiple advantageous properties. This material offers improved strength and durability while mitigating some of the drawbacks associated with traditional materials like Glass and Plastic. As healthcare professionals continue to seek innovative solutions for better patient outcomes, Composite Material is likely to gain popularity.

By Technology: Automated Processing (Largest) vs. Point-of-Care Testing (Fastest-Growing)

In the Blood Processing and Storage Equipment Market, Automated Processing holds a significant market share, leveraging advanced technology to increase efficiency and accuracy in blood handling. This segment has seen extensive adoption in hospitals and blood banks, driven by the demand for higher throughput and reduced human error. Manual Processing, while still relevant, is gradually declining as facilities upgrade to automated solutions that streamline operations and enhance safety. Meanwhile, Point-of-Care Testing is emerging as the fastest-growing segment, as it enables immediate results and timely decision-making in clinical environments. The rising incidence of diseases requiring swift diagnostic and therapeutic interventions fuels the demand for portable and easy-to-use testing devices. Consumers are increasingly opting for solutions that offer convenience and efficiency, propelling Point-of-Care Testing to the forefront of the market.

Technology: Automated Processing (Dominant) vs. Point-of-Care Testing (Emerging)

Automated Processing is the dominant technology segment, characterized by advanced robotics, artificial intelligence, and sophisticated processing algorithms. This technology improves workflow and minimizes manual errors, making it ideal for large-scale operations in hospitals and research facilities. Enhanced reliability and regulatory compliance further solidify its reputation in the market. Conversely, Point-of-Care Testing represents an emerging trend, driven by the need for immediate and efficient patient care. With user-friendly devices that provide rapid results, this segment appeals to various healthcare settings, including emergency departments and remote locations. The shift towards decentralizing healthcare and demand for quick diagnostic tools amplifies its growth potential, positioning it as a key player in the evolving landscape of blood processing and storage.

By End User: Healthcare Providers (Largest) vs. Research Institutions (Fastest-Growing)

In the Blood Processing and Storage Equipment Market, healthcare providers hold the largest share of end users. This segment encompasses hospitals, clinics, and blood banks that require efficient equipment for the collection, processing, and storage of blood products. Research institutions also represent a significant portion of the market, primarily focusing on innovative blood research and diagnostic advancements despite having a smaller market share compared to healthcare providers. The growth for both segments is driven by the increasing demand for blood and blood products globally, along with advancements in technology. Healthcare providers seek to enhance safety and efficiency in blood processing, while research institutions are rapidly evolving to meet the regulatory demands and complex challenges in blood research, making them a pivotal segment in this market.

Healthcare Providers: Dominant vs. Research Institutions: Emerging

Healthcare providers are the dominant end users in the Blood Processing and Storage Equipment Market, as they drive the demand for high-quality equipment to support their operations in patient care and emergency responses. Their focus is on acquiring advanced solutions that ensure safety and compliance with stringent health regulations. In contrast, research institutions represent an emerging segment, characterized by their dedication to innovation in blood research, transfusion medicine, and therapeutics. Although they currently hold a smaller market position, their investments in research and development are increasing, leading to growth opportunities. The collaboration between healthcare providers and research institutions is fostering advancements in the sector, solidifying the importance of both segments in the evolving landscape of blood processing.

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Regional Insights

The Regional segment of the Blood Processing and Storage Equipment Market reflects diverse market dynamics. In 2023, North America led, valued at 1.4 USD Billion, showcasing its majority holding due to advanced healthcare infrastructure and high demand for blood management solutions. Europe follows closely with a valuation of 0.9 USD Billion.

This is driven by stringent regulations for blood safety and storage. Asia-Pacific holds a significant position at 0.66 USD Billion, with rapid healthcare advancements and increasing awareness about blood donation enhancing its market growth potential. South America, with a valuation of 0.15 USD Billion, and the Middle East and Africa, valued at 0.06 USD Billion, represent smaller yet crucial markets.

Expected to expand through rising investments in healthcare. By 2032, the projections for these regions will solidify, indicating a robust growth trajectory fueled by technological advancements and expanding healthcare networks across the globe. North America and Europe maintain their dominance, while Asia-Pacific shows promising growth prospects benefiting from large populations and evolving medical needs.

Together, these insights into the Blood Processing and Storage Equipment Market segmentation offer a comprehensive view of regional influences shaping industry growth.

Blood Processing Storage Equipment Market Regional Image

Key Players and Competitive Insights

The Blood Processing and Storage Equipment Market is a critical sector within the healthcare industry, driven by the increasing demand for safe and efficient blood management solutions. With a heightened focus on patient safety and technological advancements, various companies are competing to provide innovative products that enhance blood processing and storage capabilities.

The market landscape is characterized by a mix of established players and emerging firms, all vying for market share through strategic collaborations, mergers and acquisitions, and continuous research and development. The ongoing quest for improved processes and equipment adherence to stringent regulatory standards only amplifies the competitive dynamics in this sector, fostering an environment ripe for innovation and growth.

Thermo Fisher Scientific stands out prominently in the Blood Processing and Storage Equipment Market due to its extensive portfolio of products tailored for blood handling. The company leverages its strong brand reputation and a well-established distribution network to reach a wide range of healthcare institutions. Notably, Thermo Fisher's commitment to research and development ensures that it remains at the forefront of technological advancements.

This enables the introduction of cutting-edge solutions that cater to the evolving needs of blood banks and healthcare providers. Its robust quality assurance measures and compliance with regulatory standards further solidify its position in the market, instilling confidence among users regarding the safety and reliability of its offerings. BioLife Solutions has carved out a significant niche in the Blood Processing and Storage Equipment Market.

By focusing on biopreservation products, which are vital for maintaining viability during the storage and transport of biological materials. The company's innovative approach to cryopreservation and cell culture technologies has allowed it to develop premium products that enhance the longevity and effectiveness of stored blood components. BioLife's strategic focus on partnerships with research institutions and healthcare organizations.

This has enabled it to expand its market reach and enhance its credibility as a trusted provider in the blood processing sphere. With a strong emphasis on quality and stringent adherence to industry regulations, BioLife Solutions is positioned well to cater to the growing demands of blood processing and storage needs.

Key Companies in the Blood Processing Storage Equipment Market market include

Industry Developments

The Blood Processing and Storage Equipment Market has been witnessing significant developments recently, driven by advancements in technology and an increasing emphasis on blood safety and efficiency. Key players in the market are focusing on innovative solutions, enhancing product features such as temperature control and tracking for better compliance with regulatory standards.

An uptick in blood donation drives and partnerships among hospitals, blood banks, and research organizations has further escalated demand for sophisticated equipment. Additionally, the rise in healthcare spending and the need for better management of blood resources to combat issues like blood shortages are shaping the market landscape.

The emphasis on automation and digitization in blood processing is expected to streamline operations and reduce errors. As regulatory bodies enforce more stringent guidelines, manufacturers are responding by upgrading their offerings, accordingly enhancing the overall efficiency and reliability of blood storage and processing systems.

Collaboration with technology firms to integrate IoT and artificial intelligence into blood management processes is also gaining traction, reflecting the sector's progressive adaptation to evolving healthcare needs.

Future Outlook

Blood Processing Storage Equipment Market Future Outlook

The Blood Processing and Storage Equipment Market is projected to grow at a 5.51% CAGR from 2024 to 2035, driven by technological advancements, increasing demand for blood products, and regulatory support.

New opportunities lie in:

  • Development of automated blood collection systems for efficiency gains.
  • Expansion into emerging markets with tailored product offerings.
  • Integration of IoT technology for real-time monitoring and data analytics.

By 2035, the market is expected to achieve robust growth, positioning itself as a critical component of healthcare infrastructure.

Market Segmentation

Blood Processing Storage Equipment Market Type Outlook

  • Blood Collection Bags
  • Blood Storage Refrigerators
  • Blood Warmers
  • Platelet Agitators
  • Blood Processing Systems

Blood Processing Storage Equipment Market End User Outlook

  • Healthcare Providers
  • Research Institutions
  • Pharmaceutical Companies

Blood Processing Storage Equipment Market Technology Outlook

  • Manual Processing
  • Automated Processing
  • Point-of-Care Testing

Blood Processing Storage Equipment Market Application Outlook

  • Hospitals
  • Blood Banks
  • Clinical Laboratories
  • Emergency Medical Services

Blood Processing Storage Equipment Market Product Material Outlook

  • Plastic
  • Glass
  • Metal
  • Composite Material

Report Scope

MARKET SIZE 20243.345(USD Billion)
MARKET SIZE 20253.529(USD Billion)
MARKET SIZE 20356.034(USD Billion)
COMPOUND ANNUAL GROWTH RATE (CAGR)5.51% (2024 - 2035)
REPORT COVERAGERevenue Forecast, Competitive Landscape, Growth Factors, and Trends
BASE YEAR2024
Market Forecast Period2025 - 2035
Historical Data2019 - 2024
Market Forecast UnitsUSD Billion
Key Companies ProfiledMarket analysis in progress
Segments CoveredMarket segmentation analysis in progress
Key Market OpportunitiesIntegration of advanced automation technologies enhances efficiency in the Blood Processing and Storage Equipment Market.
Key Market DynamicsTechnological advancements and regulatory changes drive innovation in blood processing and storage equipment, enhancing efficiency and safety.
Countries CoveredNorth America, Europe, APAC, South America, MEA

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FAQs

What is the projected market valuation for the Blood Processing and Storage Equipment Market in 2035?

The Blood Processing and Storage Equipment Market is projected to reach approximately 6.034 USD Billion by 2035.

What was the market valuation for the Blood Processing and Storage Equipment Market in 2024?

In 2024, the overall market valuation was approximately 3.345 USD Billion.

What is the expected CAGR for the Blood Processing and Storage Equipment Market during the forecast period 2025 - 2035?

The expected CAGR for the Blood Processing and Storage Equipment Market during the forecast period 2025 - 2035 is 5.51%.

Which companies are considered key players in the Blood Processing and Storage Equipment Market?

Key players in the market include Terumo Corporation, Fresenius SE & Co. KGaA, Grifols S.A., Haemonetics Corporation, and Baxter International Inc.

What segment of the Blood Processing and Storage Equipment Market had the highest valuation in 2024?

In 2024, the Blood Storage Refrigerators segment had the highest valuation at approximately 1.2 USD Billion.

How much is the Blood Collection Bags segment projected to grow by 2035?

The Blood Collection Bags segment is projected to grow from 0.8 USD Billion in 2024 to approximately 1.4 USD Billion by 2035.

What application segment is expected to see the most growth in the Blood Processing and Storage Equipment Market?

The Hospitals application segment is expected to grow significantly, from 1.334 USD Billion in 2024 to about 2.267 USD Billion by 2035.

What materials are primarily used in the Blood Processing and Storage Equipment Market?

The primary materials used in the market include Plastic, Glass, Metal, and Composite Material, with Plastic projected to grow from 1.5 USD Billion in 2024 to 2.7 USD Billion by 2035.

What technology segment is anticipated to dominate the Blood Processing and Storage Equipment Market?

The Automated Processing technology segment is anticipated to dominate, growing from 1.5005 USD Billion in 2024 to approximately 2.5 USD Billion by 2035.

Which end-user segment is expected to contribute the most to the market growth?

The Healthcare Providers end-user segment is expected to contribute significantly, with a projected growth from 1.67 USD Billion in 2024 to about 2.9 USD Billion by 2035.

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