Blood Platelets Market Size, Share, Industry, Forecast and outlook (2023-2030)

Blood Platelets Market Overview

Global Blood Platelets Market Set for Remarkable Growth with High CAGR During 2022-2031 Forecast Period

The global blood platelets market is poised for substantial growth, projected to achieve a high Compound Annual Growth Rate (CAGR) in the forecast period spanning from 2022 to 2031. Platelets, also known as thrombocytes, play a vital role in blood clotting, preventing bleeding by forming clots in injured blood vessels.

Key Market Metrics:

CAGR: High

Size Available for Years: 2022-2031

Forecast Period: 2024-2031

Data Availability: Value (US$)

Segments Covered: Application, End-User, and Region

Regions Covered: North America, Europe, Asia-Pacific, South America, and Middle East & Africa

Fastest Growing Region: Asia-Pacific

Largest Region: North America

Insights Covered in the Report:

The comprehensive market analysis includes Competitive Landscape Analysis, Company Profile Analysis, Market Size, Share, Growth, Demand, Recent Developments, Mergers and Acquisitions, New Product Launches, Growth Strategies, Revenue Analysis, Porter’s Analysis, Pricing Analysis, Regulatory Analysis, Supply-Chain Analysis, and other key insights.

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Blood Platelets Market Dynamics:

The growth of the blood platelets market is propelled by the increasing prevalence of chronic blood-related disorders, a surge in surgical procedures, heightened awareness about blood donations and platelet transfusions, and favorable reimbursement policies in developed countries.

Rising Prevalence of Chronic Blood-Related Disorders:

The demand for blood platelets is escalating with the prevalence of disorders such as myelofibrosis, hemophilia, and thrombocytopenia.

According to the 2019 Annual Global Survey by the World Federation of Hemophilia, 324,648 people were identified with bleeding disorders globally.

The growing prevalence of liver disorders further contributes to the demand for blood platelets.

Increasing Number of Surgical Procedures:

Orthopedic, cardiac surgeries, organ transplantations, and trauma surgeries are driving the demand for blood platelets.

In 2019, 153,863 organs were transplanted globally, indicating a substantial need for blood platelets.

The surge in non-fatal road injuries underscores the importance of blood platelets in these populations.

High Risk of Infections Transmission:

Blood transfusions carry significant risks, with the transmission of infectious organisms being a major concern.

Caution is advised to avoid unnecessary transfusions to reduce the risk of infection and other complications.

COVID-19 Impact Analysis on Blood Platelets Market:

The COVID-19 pandemic has significantly impacted the global blood platelets market. Safety guidelines for blood donation and a shortage of blood donors have prompted organizations to urge the public to donate blood during the pandemic. Initiatives like these aim to meet the demand for blood platelets by healthcare facilities.

Segment Analysis:

Platelet Function Disorders Segment:

Expected to hold the largest market share due to the increasing prevalence of cancer cases.

Chronic myelogenous leukemia and multiple myeloma cancers lead to acquired platelet function disorders, necessitating frequent platelet transfusions.

Hospital Segment:

Expected to hold the largest market share, driven by skilled technicians, improved healthcare infrastructure, and high accessibility of hospitals.

Increased admissions for cancer disorders, hemophilia, and severe platelet disorders contribute to the growth of blood platelets in hospitals.

Geographical Analysis:

North America holds the largest market share, with the United States leading the region. Factors such as the presence of organizations promoting blood donation and the high number of platelet transfusions contribute to the market's significant growth.

Competitive Landscape:

The global blood platelets market is moderately competitive, with key players including The American National Red Cross, America’s Blood Centers, American Association of Blood Banks (AABB), and others. Major players are adopting growth strategies like product launches and collaborations, exemplified by Canadian Blood Services entering a contract with Cercus Corporation for the INTERCEPT Blood System for platelets in May 2021.

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Blood Cancer Drugs Market

Blood Screening Market

Blood Flow Measurement Devices Market

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