Blood Processing Device and Consumables Market Research Report By Product Type (Blood Collection Devices, Blood Processing Equipment, Blood Storage Devices, Blood Transfusion Devices, Blood Testing Kits), By Application (Hospital and Clinic, Blood Banks, Diagnostic Laboratories, Research Institutes, Other Medical Facilities), By Consumable Type (Blood Bags, Blood Filters, Blood Tubing, Blood Collection Needles, Blood Transfusion Needles), By Technology (Centrifugation, Filtration, Separation, Immunoassay, Other Technologies), By Material (P

Global Blood Processing Device and Consumables Market Overview

Blood Processing Device and Consumables Market Size was estimated at 42.87 (USD Billion) in 2022. 

The Blood Processing Device and Consumables Industry is expected to grow from 45.03 (USD Billion) in 2023 to 70.0 (USD Billion) by 2032. The Blood Processing Device and Consumables Market CAGR (growth rate) is expected to be around 5.03% during the forecast period (2024 - 2032).

Source Primary Research, Secondary Research, MRFR Database and Analyst Review

Key Blood Processing Device and Consumables Market Trends Highlighted

The rise in chronic diseases, such as cancer and blood disorders, drives the Blood Processing Device and Consumables market. The growing demand for blood transfusions and the increasing use of plasma-derived therapies further contribute to market growth.

Technological advancements in blood processing techniques and the introduction of automated systems enhance efficiency and safety, creating opportunities for market expansion.

Emerging markets with expanding healthcare infrastructure and increasing awareness about blood donation and transfusion services present significant growth potential for manufacturers.

Blood Processing Device and Consumables Market Drivers

Rising Prevalence of Chronic Diseases

The growing prevalence of chronic diseases such as cancer, diabetes, and cardiovascular diseases is a major driver of the Blood Processing Device and Consumables Market Industry.

These diseases often require blood transfusions and other blood-related procedures, which in turn increases the demand for blood processing devices and consumables. For instance, according to the World Health Organization (WHO), in 2020, approximately 19.3 million people were diagnosed with cancer worldwide.

This number is expected to increase to 28.4 million by 2040. Similarly, the International Diabetes Federation (IDF) estimates that the number of people with diabetes will rise from 463 million in 2019 to 700 million by 2045.

This growing burden of chronic diseases is expected to drive the demand for blood processing devices and consumables in the coming years.

Technological Advancements

Technological advancements are another key driver of the Blood Processing Device and Consumables Market Industry. The development of new and innovative blood processing technologies has led to improved efficiency and accuracy in blood transfusions and other blood-related procedures.

For instance, the introduction of automated blood processing systems has reduced the risk of human error and contamination during blood processing. Similarly, the development of new blood storage and transportation technologies has extended the shelf life of blood products and made it easier to transport blood over long distances.

These technological advancements are expected to continue to drive the growth of the Blood Processing Device and Consumables market in the coming years.

Growing Awareness of Blood Donation

The growing awareness of the importance of blood donation is also contributing to the growth of the Blood Processing Device and Consumables Market Industry. Government initiatives and campaigns promoting blood donation have increased the number of blood donors worldwide.

For instance, the World Health Organization (WHO) has launched a campaign called "Give Blood, Save Lives" to encourage people to donate blood regularly. Similarly, many countries have implemented national blood donation programs to ensure a safe and adequate supply of blood products.

These efforts are expected to continue to drive the demand for blood processing devices and consumables in the coming years.

Blood Processing Device and Consumables Market Segment Insights

Blood Processing Device and Consumables Market Product Type Insights

The Blood Processing Device and Consumables Market is segmented by product type into blood collection devices, blood processing equipment, blood storage devices, blood transfusion devices, and blood testing kits. Blood collection devices accounted for the largest share of the market in 2023 and are expected to continue to do so over the forecast period.

This is due to the increasing demand for blood transfusions and the need for safe and efficient blood collection procedures. Blood processing equipment is expected to be the fastest-growing segment of the market over the forecast period.

This is due to the increasing adoption of automated blood processing systems, which can improve the efficiency and accuracy of blood processing. Blood storage devices are used to store blood for transfusion purposes.

The market for blood storage devices is expected to grow over the forecast period due to the increasing demand for blood transfusions and the need for safe and effective blood storage methods. Blood transfusion devices are used to transfuse blood into patients.

The market for blood transfusion devices is expected to grow over the forecast period due to the increasing demand for blood transfusions and the need for safe and effective blood transfusion methods. Blood testing kits are used to test blood for various diseases and conditions.

Source Primary Research, Secondary Research, MRFR Database and Analyst Review

Blood Processing Device and Consumables Market Application Insights

The Blood Processing Device and Consumables Market is segmented based on application into Hospitals and clinics, Blood Banks, Diagnostic Laboratories, Research Institutes, and Other Medical Facilities. The Hospital and Clinic segment held the largest market share in 2023 and is expected to continue its dominance throughout the forecast period.

The growth of this segment can be attributed to the increasing number of surgeries, blood transfusions, and other blood-related procedures performed in hospitals and clinics. Blood Banks are expected to witness significant growth during the forecast period due to the rising demand for blood transfusions and the increasing number of blood donation drives.

Diagnostic Laboratories are also expected to contribute to the growth of the market as they play a crucial role in blood testing and analysis. Research Institutes are investing heavily in blood-related research, which is expected to drive the demand for blood-processing devices and consumables in this segment.

Other Medical Facilities, such as nursing homes and rehabilitation centers, are also expected to contribute to the growth of the market.

Blood Processing Device and Consumables Market Consumable Type Insights

The Consumable Type segment plays a crucial role in the Blood Processing Device and Consumables Market, offering a wide range of products that are essential for blood collection, processing, and transfusion.

Among the key sub-segments within Consumable Type are Blood Bags, Blood Filters, Blood Tubing, Blood Collection Needles, and Blood Transfusion Needles. Each of these sub-segments contributes significantly to the overall market growth.

Blood Bags, for instance, are projected to generate a substantial revenue share in the coming years due to the increasing demand for blood transfusions in various medical procedures.

Similarly, Blood Filters hold a significant market share, driven by the growing need for safe and effective blood transfusions. Blood Tubing, Blood Collection Needles, and Blood Transfusion Needles also contribute to the market growth, supported by technological advancements and rising healthcare expenditure.

The Blood Processing Device and Consumables Market data indicate a promising market outlook for Consumable Type, with continuous advancements and innovations shaping the industry landscape.

Blood Processing Device and Consumables Market Technology Insights

The Blood Processing Device and Consumables Market is segmented by technology into centrifugation, filtration, separation, immunoassay, and other technologies. Centrifugation held the largest market share in 2023, accounting for over 35% of the market.

This is due to the widespread use of centrifugation in blood processing applications, such as the separation of plasma from whole blood. Filtration is another important technology segment, with a market share of over 25% in 2023. Filtration is used to remove impurities and contaminants from blood and is essential for the production of plasma-derived products.

Separation technologies, such as chromatography and electrophoresis, are also used in blood processing to separate different components of blood. Immunoassay technologies are used to detect and quantify specific proteins or antibodies in blood and are essential for the diagnosis of blood-related diseases.

Other technologies, such as microfluidics and automation, are also gaining traction in the blood processing market. This growth is driven by the increasing demand for blood processing devices and consumables in the healthcare industry, as well as the growing adoption of advanced technologies in blood processing.

Blood Processing Device and Consumables Market Material Insights

The Material segment of the Blood Processing Device and Consumables Market is expected to grow significantly over the forecast period. The market is segmented into five sub-segments Plastic, Glass, Rubber, Silicone, and Other Materials.

Plastic is the most widely used material in blood processing devices and consumables, accounting for over 50% of the market revenue in 2023. Plastic is lightweight, inexpensive, and easy to mold, making it ideal for a variety of applications. Glass is another commonly used material, particularly for blood storage containers and vials.

Glass is inert and does not interact with blood components, making it a safe and effective material for blood processing. Rubber is also used in a variety of blood processing applications, such as tubing and gaskets. Rubber is flexible and durable, making it well-suited for these applications.

Silicone is another important material used in blood processing devices and consumables. Silicone is biocompatible and non-toxic, making it ideal for applications where it comes into contact with blood. Other materials, such as stainless steel and ceramic, are also used in blood processing devices and consumables.

The growth of the Material segment is being driven by the increasing demand for blood transfusions and blood-based therapies. As the population ages, the demand for blood transfusions is expected to continue to grow. Additionally, the development of new blood-based therapies is also expected to drive demand for blood processing devices and consumables.

Blood Processing Device and Consumables Market Regional Insights

The regional landscape of the Blood Processing Device and Consumables Market exhibits significant variations in market dynamics and growth prospects. North America dominates the market with a substantial share, driven by factors such as advanced healthcare infrastructure, high prevalence of chronic diseases, and increasing adoption of blood processing technologies.

Europe holds a significant position, characterized by a well-established healthcare system and stringent regulatory frameworks. The APAC region is projected to witness robust growth, fueled by rising healthcare expenditure, a growing population, and increasing awareness about blood processing procedures.

South America and MEA regions present emerging opportunities for market expansion due to improving healthcare infrastructure and increasing investments in healthcare development.

Overall, the regional segmentation provides insights into the diverse market dynamics and growth potential across different geographies, enabling stakeholders to tailor their strategies and capitalize on specific regional opportunities.

Source Primary Research, Secondary Research, MRFR Database and Analyst Review

Blood Processing Device and Consumables Market Key Players and Competitive Insights

Major players in the Blood Processing Device and Consumables Market industry are constantly striving to gain a competitive edge by developing innovative products and technologies. Leading Blood Processing Device and Consumables Market players are investing heavily in research and development to stay ahead in the competition.

Key players in the Blood Processing Device and Consumables Market development are focusing on strategic partnerships and collaborations to expand their market reach and enhance their product offerings.

The Blood Processing Device and Consumables Market Competitive Landscape is characterized by the presence of numerous and regional players, each with its own strengths and weaknesses.

Terumo BCT, a leading Blood Processing Device and Consumables Market player has a strong presence and offers a wide range of blood processing devices and consumables.

The company's focus on innovation has led to the development of advanced technologies such as the Spectra Optia apheresis system, which is used for the collection and processing of blood components. Terumo BCT has a well-established distribution network and a strong customer base in both developed and emerging markets.

Another major player in the Blood Processing Device and Consumables Market is Haemonetics Corporation. The company specializes in the development, manufacture, and marketing of blood processing devices and consumables used in blood transfusion and critical care applications.

Haemonetics' product portfolio includes blood collection systems, blood processing equipment, and blood storage solutions. The company has a presence, and its products are used in hospitals, blood banks, and research institutions worldwide. Haemonetics has a strong focus on customer service and provides technical support and training to its customers.

Key Companies in the Blood Processing Device and Consumables Market Include

• Stryker


• Nipro Corporation


• Abbott Laboratories


• Asahi Kassei Corporation


• Beckman Coulter, Inc


• Fresenius Kabi AG


• Baxter International Inc


• Haemonetics Corporative


• GE Healthcare


• Danaher Corporation


• Medtronic plc


• Braun Melsungen AG


• Sysmex Corporation


• BD


• Terumo Blood and Cell Technologies

Blood Processing Device and Consumables Industry Developments

The market growth is attributed to the increasing prevalence of chronic diseases, growing demand for blood transfusions, and technological advancements in blood processing techniques.

Recent news and developments in the market include

 In 2023, Terumo BCT launched the Spectra Optia Apheresis System, a next-generation apheresis platform designed to enhance patient care and streamline workflow.

 In 2022, Haemonetics Corporation received FDA approval for its Acusyst ELITE Cell Processing System, a closed, automated system for the collection, processing, and reinfusion of stem cells.

 In 2021, Fresenius Kabi acquired Fenwal, Inc., a leading provider of blood processing technologies, expanding its portfolio of blood management solutions.

These developments indicate the industry's focus on innovation and the growing demand for advanced blood processing technologies.

Blood Processing Device and Consumables Market Segmentation Insights

• Blood Collection Devices


• Blood Processing Equipment


• Blood Storage Devices


• Blood Transfusion Devices


• Blood Testing Kits

• Hospital and Clinic


• Blood Banks


• Diagnostic Laboratories


• Research Institutes


• Other Medical Facilities

• Blood Bags


• Blood Filters


• Blood Tubing


• Blood Collection Needles


• Blood Transfusion Needles

• Centrifugation


• Filtration


• Separation


• Immunoassay


• Other Technologies

• Plastic


• Glass


• Rubber


• Silicone


• Other Materials

• North America


• Europe


• South America


• Asia Pacific


• Middle East and Africa