Blood Platelets Market Size

Blood Platelets Market size was over USD 5.39 Billion in 2023 and is likely to reach USD 8.65 Billion by the end of 2036, growing at around 3.7% CAGR during the forecast period i.e., between 2024-2036. In the year 2024, the industry size of blood platelets is assessed at USD 5.57 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.