Global Market Size, Forecast, and Trend Highlights Over 2025-2037
Blood Platelets Market size was over USD 5.59 billion in 2024 and is projected to reach USD 9.08 billion by 2037, growing at around 3.8% CAGR during the forecast period i.e., between 2025-2037. In the year 2025, the industry size of blood platelets is assessed at USD 5.94 billion.
The growth of this market is primarily driven by the increasing awareness about the importance of blood donation and the need for platelets has led to an increase in voluntary blood donations. The government, healthcare firms, and non-profit organizations across the globe are carrying out several initiatives to encourage blood and platelet donations.
Moreover, the increasing demand for blood transfusion is giving rise to the global blood platelets market growth. The blood transfusion demand has been significantly growing on account of growing acceptance by the US FDA regarding blood transfusion products consisting of blood platelets and advanced technologies aiding blood donation and storage. The blood to be transfused is first analyzed with the help of blood transfusion diagnostics.
Blood Platelets Sector: Growth Drivers and Challenges
Growth Drivers
- Increasing Geriatric Population – The aging population is more prone to conditions requiring platelet transfusion such as cancer, cardiovascular disease, and chronic liver disease. As the global population ages, the demand for blood platelets is anticipated to grow due to the high prevalence of age-related health issues.
- Growing Prevalence of Blood-Related Disorder - With the growing prevalence of chronic blood disorders such as hemophilia, myelofibrosis, and thrombocytopenia, the demand for platelets is growing. As these conditions demand regular platelet transfusion to manage bleeding episodes. Around 324,648 out of 5.5 billion people worldwide have an identified bleeding disorder, reported as by the World Federation of Hemophilia's 2019 annual global survey.
- Surge in Number of Surgical Procedures - The increasing number of surgical procedures worldwide also contributes to the increased need for blood platelets. The increase in orthopedic and cardiac surgeries has increased the need for platelets in hospitals. In addition, increased organ transplantation such as kidney, corneal implants, and others has increased the demand for platelets. Recorded by World Observatory on Donations and Transplants, 153,863 organs were transplanted annually in 2019, which is an increase of 4.8% from 2018.
Challenges
- High Risk Related to the Transmission of Infections - Blood transfusions comprise significant health risks. Among these, transmission of infectious organisms remains one of the most concerning complications. Hepatitis B used to be the biggest transfusion risk. Also, there may be a chance of wrong blood group typing while transferring the blood to the patients. However, unnecessary blood transfusions should be avoided to reduce the risk of infection and other complications.
- High Treatment Cost Associated
- Shortage of Blood Donors
Blood Platelets Market: Key Insights
|
Base Year |
2024 |
|
Forecast Year |
2025-2037 |
|
CAGR |
3.8% |
|
Base Year Market Size (2024) |
USD 5.59 billion |
|
Forecast Year Market Size (2037) |
USD 9.08 billion |
|
Regional Scope |
|
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Customize this ReportBlood Platelets Industry – Regional Synopsis
North American Market Forecast
North America industry is anticipated to hold largest revenue share of 35% by 2037. The growth of the market in this region is primarily driven by the increased demand for blood transfusion, followed by the rising number of accidents. As per the U.S. Department of Transportation, the number of people who died in motor vehicle traffic crashes increased to 9,560 in the first quarter of 2022. Furthermore, in the North America region, several countries have been experiencing economic growth which is expected to contribute to the increased healthcare spending and demand for advanced medical treatments.
APAC Market Statistics
The Asia Pacific region market for blood platelets is estimated to experience significant market expansion with a revenue of 28 percent by the end of the predicted period. The growth of this sector is driven on the back of several factors such as a high number of the presence of bleeding disorder, especially in emerging economies such as India and China. Besides, the growing number of trauma cases and advancement in healthcare infrastructure in the region are raising awareness related to blood donation in the Asia Pacific region. Blood donation in China grew by more than 40 percent between 1998 and 2020 due to growing awareness.
Companies Dominating the Blood Platelets Landscape
- Aggredyne Inc.
- Company Overview
- Business Strategy
- Key Product Offerings
- Financial Performance
- Key Performance Indicators
- Risk Analysis
- Recent Development
- Regional Presence
- SWOT Analysis
- Sysmex Corporation
- Haemochrom Diagnostics GmbH
- Eurobio Scientific
- LABiTec Labor BioMedical Technologies GmbH
- Thermo Fisher Scientific Inc.
- PerkinElimer Inc.
- Werfen, S.A.
- F. Hoffmann-La Roche Ltd.
- Terumo Corporation
In the News
- Aggredyne, Inc. announced the AND Drug Administration approval for its AggreGuide A-100 ADP Assay testing cartridge, an in vitro diagnostic tool. It is used to assess the effects of antiplatelet drugs that target the platelet P2Y12 receptor. The clearance enables the company to market products across the United States and broadens the range of additional tests that may be performed using the A-100 equipment.
- Terumo Blood and Cell Technologies officially launched MUGARD WB Platelet Pooling Set after receiving clearance from U.S. Food and Drug Administration clearance. It is the first platelet pooling set in the US to receive approval for seven-day storage and can be really helpful at times platelet storage.
Author Credits: Radhika Pawar
- Report ID: 4719
- Published Date: Dec 20, 2024
- Report Format: PDF, PPT
