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Blood And Organ Bank Market

ID: MRFR/HS/7553-HCR
128 Pages
Rahul Gotadki
October 2025

Blood and Organ Bank Market Research Report By Type of Bank (Blood Bank, Organ Bank), By Storage Type (Cryopreservation, Room Temperature, Refrigerated), By Application (Medical Research, Treatment of Diseases, Emergency Transfusion), By End User (Hospitals, Research Institutions, Biopharmaceutical Companies), By Location (Hospital-Based, Independent, Mobile) and By Regional (North America, Europe, South America, Asia Pacific, Middle East and Africa) - Forecast to 2035

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Blood And Organ Bank Market Summary

As per MRFR analysis, the Blood And Organ Bank Market Size was estimated at 62.37 USD Billion in 2024. The Blood And Organ Bank industry is projected to grow from 66.62 USD Billion in 2025 to 128.76 USD Billion by 2035, exhibiting a compound annual growth rate (CAGR) of 6.81 during the forecast period 2025 - 2035.

Key Market Trends & Highlights

The Blood and Organ Bank Market is experiencing dynamic growth driven by technological advancements and increasing demand for transplants.

  • Technological advancements are revolutionizing blood and organ banking operations, enhancing efficiency and safety.
  • North America remains the largest market, while Asia-Pacific is emerging as the fastest-growing region in this sector.
  • The blood donation segment holds the largest share, whereas organ transplantation is witnessing the fastest growth.
  • Increasing demand for transplants and advancements in preservation techniques are key drivers propelling market expansion.

Market Size & Forecast

2024 Market Size 62.37 (USD Billion)
2035 Market Size 128.76 (USD Billion)
CAGR (2025 - 2035) 6.81%

Major Players

American Red Cross (US), NHS Blood and Transplant (GB), BloodCenter of Wisconsin (US), Australian Red Cross Blood Service (AU), Canadian Blood Services (CA), National Blood Authority (AU), Serum Institute of India (IN), Japan Red Cross Society (JP), Korean Red Cross Blood Services (KR)

Blood And Organ Bank Market Trends

The Blood And Organ Bank Market is currently experiencing a transformative phase, characterized by advancements in technology and an increasing emphasis on regulatory compliance. The integration of innovative solutions, such as automated blood collection systems and advanced preservation techniques, appears to enhance the efficiency and safety of blood and organ storage. Furthermore, the growing awareness regarding the importance of organ donation and blood transfusion is likely to drive demand, as healthcare systems strive to meet the needs of diverse populations. This evolving landscape suggests a potential for significant growth, as stakeholders adapt to changing consumer expectations and regulatory frameworks. In addition, the Blood And Organ Bank Market is witnessing a shift towards more collaborative approaches among various entities, including hospitals, research institutions, and non-profit organizations. This collaboration may facilitate the sharing of resources and knowledge, ultimately leading to improved outcomes in organ transplantation and blood transfusion practices. As the market continues to evolve, it is essential for stakeholders to remain agile and responsive to emerging trends, ensuring that they can effectively navigate the complexities of this vital sector. The future of the Blood And Organ Bank Market appears promising, with opportunities for innovation and enhanced service delivery on the horizon.

Technological Advancements

The Blood And Organ Bank Market is increasingly influenced by technological innovations that streamline operations and improve safety. Automation in blood collection and processing, along with advanced preservation methods, enhances the overall efficiency of blood and organ storage.

Regulatory Compliance

There is a growing emphasis on adhering to stringent regulatory standards within the Blood And Organ Bank Market. Compliance with these regulations not only ensures safety but also builds public trust in blood and organ donation practices.

Collaborative Efforts

The market is experiencing a trend towards collaboration among various stakeholders, including healthcare providers and research institutions. Such partnerships may lead to improved resource sharing and enhanced practices in organ transplantation and blood transfusion.

Blood And Organ Bank Market Drivers

Increasing Demand for Transplants

The Global Blood and Organ Bank Market Industry experiences a notable surge in demand for organ transplants, driven by rising incidences of chronic diseases and an aging population. As of 2024, the market is valued at approximately 62.4 USD Billion, reflecting the urgent need for organ donations. This demand is projected to escalate, with estimates suggesting that by 2035, the market could reach 128.8 USD Billion. The increasing prevalence of conditions such as diabetes and heart disease necessitates a robust supply of organs, thereby propelling the growth of the Global Blood and Organ Bank Market Industry.

Government Initiatives and Funding

Government initiatives aimed at promoting organ donation and transplantation are pivotal in shaping the Global Blood and Organ Bank Market Industry. Various countries implement policies and funding programs to enhance public awareness and encourage donations. For instance, national campaigns and educational programs are designed to inform citizens about the importance of organ donation. Such initiatives not only increase the number of registered donors but also improve the infrastructure of blood and organ banks. As a result, these efforts are likely to foster a more robust market environment, facilitating growth and accessibility in the industry.

Rising Awareness of Blood Donation

The Global Blood and Organ Bank Market Industry is positively influenced by increasing public awareness regarding the importance of blood donation. Educational campaigns and community outreach programs have successfully highlighted the critical need for blood products, leading to higher donation rates. This heightened awareness is crucial, especially in regions where blood shortages are prevalent. As a result, blood banks are better equipped to meet the demands of healthcare systems. The ongoing efforts to promote blood donation are expected to sustain the growth trajectory of the market, ensuring a steady supply of blood products for transfusions and medical procedures.

Emerging Markets and Global Expansion

Emerging markets present substantial growth opportunities for the Global Blood and Organ Bank Market Industry. Countries with developing healthcare infrastructures are increasingly investing in blood and organ banking systems to meet local healthcare needs. This expansion is driven by rising healthcare expenditures and a growing middle class that demands better medical services. As these markets evolve, they are likely to adopt best practices from established systems, thereby enhancing their operational efficiencies. The anticipated compound annual growth rate of 6.81% from 2025 to 2035 underscores the potential for growth in these regions, contributing to the overall expansion of the industry.

Technological Advancements in Preservation

Technological innovations in organ preservation techniques significantly enhance the viability and longevity of donated organs. The Global Blood and Organ Bank Market Industry benefits from advancements such as hypothermic machine perfusion and novel preservation solutions, which improve organ quality and reduce wastage. These technologies not only extend the time frame for successful transplants but also increase the number of viable organs available for transplantation. As the industry evolves, these advancements are likely to play a crucial role in meeting the growing demand for organ transplants, thereby contributing to the overall growth of the market.

Market Segment Insights

By Application: Blood Donation (Largest) vs. Organ Transplantation (Fastest-Growing)

In the Blood and Organ Bank Market, the application segment is predominantly characterized by Blood Donation, which holds the largest share due to its long-established practices and public awareness regarding the importance of voluntary blood donation. Following closely is Organ Transplantation, which is gaining traction rapidly as advancements in medical technology and increased organ donor registrations enhance the prospects of successful transplants.

Blood Donation (Dominant) vs. Cell Therapy (Emerging)

Blood Donation is seen as the cornerstone of the Blood and Organ Bank Market, with numerous programs aimed at bolstering donor engagement and retention. This segment benefits from robust community support and a deeply rooted culture of altruism in many regions. In contrast, Cell Therapy is emerging as a significant segment due to its potential to address a wide array of health conditions through advanced therapeutic techniques. As research progresses and evidence of efficacy builds, Cell Therapy is expected to capture a larger share of the market, fueled by innovation and a growing demand for regenerative medicine.

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

In the Blood and Organ Bank Market, hospitals currently represent the largest share owing to their continuous need for blood and organ storage for surgeries and emergencies. Following hospitals, blood banks play a crucial role in collecting, testing, and distributing blood, making them significant in the market dynamics. Research institutions, transplant centers, and diagnostic laboratories contribute to the sector but at a smaller scale, with their influence growing as they focus on specialized services and research into blood-related technologies. The growth trends in this segment showcase a robust expansion, driven primarily by technological advancements in preservation techniques and the increasing demand for organ transplants and blood donations. Hospitals are bolstering their storage capabilities, while blood banks are rapidly expanding to meet the surging demand for safe blood products. Moreover, increasing awareness of blood donations and the establishment of transplant centers further support this growth trajectory, positioning blood banks as a rapidly expanding segment within this market.

Hospitals (Dominant) vs. Research Institutions (Emerging)

Hospitals are the dominant players in the Blood and Organ Bank Market due to their critical need for reliable storage and availability of blood and organs. Their robust infrastructure and established blood management systems often lead to higher operational efficiency. In contrast, research institutions are emerging as vital contributors, focusing on innovative medical solutions and advancements in blood preservation technologies. These institutions often collaborate with hospitals and blood banks for clinical studies and trials, thereby enhancing their influence in the market. Their emphasis on research is positioning them to capitalize on new technologies, opening up avenues for improved storage methods and patient care solutions, thus bridging the gap between traditional practices and modern medical needs.

By Product Type: Blood Products (Largest) vs. Cellular Therapies (Fastest-Growing)

In the Blood and Organ Bank Market, Blood Products dominate the landscape with a significant share due to their essential role in medical procedures and emergency responses. These products encompass whole blood, red blood cells, platelets, and plasma, providing critical resources for transfusions and surgeries. Organs, while crucial, have a smaller market presence, followed by Tissue Products and Cellular Therapies. Plasma products, leveraging their therapeutic benefits, contribute to overall market volume but do not yet match Blood Products in market share.

Blood Products (Dominant) vs. Cellular Therapies (Emerging)

Blood Products are the cornerstone of the Blood and Organ Bank Market, offering vital components for a variety of medical applications. They are rigorously tested and banked, ensuring high safety standards and effective transfusion options. On the other hand, Cellular Therapies are gaining traction as a promising emerging market segment focused on innovative treatment options, such as stem cell therapies. Their rapid growth is fueled by advancements in regenerative medicine and increasing research investment, positioning them as a future mainstay alongside traditional Blood Products.

By Storage Type: Refrigerated Storage (Largest) vs. Cryogenic Storage (Fastest-Growing)

The Blood and Organ Bank market is distinctly segmented into various storage types, with Refrigerated Storage holding the largest market share. This segment, essential for maintaining the viability of blood and organ donations, is widely adopted due to its efficient temperature management capabilities. In contrast, Cryogenic Storage is gaining momentum as the fastest-growing segment, driven by advancements in preservation technology that enhance the longevity and integrity of biological materials.

Refrigerated Storage (Dominant) vs. Cryogenic Storage (Emerging)

Refrigerated Storage serves as the dominant method in blood and organ preservation, designed to maintain specific temperature ranges essential for cellular integrity. This method is beloved for its reliability and efficiency, making it a staple in blood banks and organ storage. Meanwhile, Cryogenic Storage is emerging as an innovative alternative that utilizes extremely low temperatures to preserve biological components, including stem cells and organs, for extended periods. Its growing popularity can be attributed to technological advancements and increasing research in regenerative medicine, positioning it for significant uptake in the coming years.

By Service Type: Collection Services (Largest) vs. Processing Services (Fastest-Growing)

In the Blood And Organ Bank Market, the market share distribution among service types reveals that Collection Services leads the segment, securing the largest share due to the critical need for blood and organ procurement in healthcare settings. Following Collection Services are Testing Services, which also hold a significant share, as accurate and timely diagnostics are imperative for ensuring the viability of collected samples. Processing Services and Transportation Services share the remainder, with Processing Services witnessing increasing demand as healthcare systems prioritize efficient processing to maximize the utility of the collected biological materials. The growth trends in the Service Type segment are driven by various factors, including advancements in medical technology and increasing public awareness regarding the importance of organ donation. Moreover, the rise of initiatives aimed at promoting blood donation is fueling the Collection Services segment. Meanwhile, Processing Services are emerging as the fastest-growing category as hospitals and clinics are investing in state-of-the-art processing techniques to enhance the overall turnaround time and quality of the services provided, thereby improving patient outcomes.

Collection Services (Dominant) vs. Transportation Services (Emerging)

Collection Services holds a dominant position in the Blood And Organ Bank Market, primarily driven by high demand from healthcare facilities for reliable sourcing of biological materials. This service includes various methodologies like whole blood, plasma, and organ collection that adhere to strict regulatory standards, ensuring safety and efficacy. Conversely, Transportation Services have emerged as an integral segment in ensuring the swift and safe transfer of blood and organs from collection points to processing centers and eventual recipients. The need for specialized transport systems, temperature controls, and rapid logistics has led to an increased focus on this segment, recognizing its importance in preserving the viability of biological materials throughout the transportation process.

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Regional Insights

The regional segmentation of the Blood and Organ Bank Market provides insights into the performance of the market in different geographical regions. North America, Europe, Asia-Pacific (APAC), South America, and the Middle East and Africa (MEA) are the key regional segments of the Blood and Organ Bank Market.

North America and Europe dominate the Blood and Organ Bank Market, collectively accounting for a significant share of the market revenue in 2023. The presence of well-established healthcare infrastructure, government initiatives, and advancements in technology contribute to the growth of the market in these regions.

APAC is expected to witness the highest growth rate during the forecast period due to the increasing demand for Blood and Organ Banking services in emerging economies such as India and China. South America and MEA are also expected to witness steady growth, driven by factors such as rising healthcare expenditure and the development of healthcare infrastructure.

Source Primary Research, Secondary Research, Market Research Future Database and Analyst Review

Key Players and Competitive Insights

The Blood and Organ Bank Market is characterized by a dynamic competitive landscape, driven by increasing demand for blood and organ donations, advancements in medical technology, and a growing emphasis on patient care. Key players such as American Red Cross (US), NHS Blood and Transplant (GB), and Serum Institute of India (IN) are strategically positioned to leverage these trends. American Red Cross (US) focuses on enhancing donor engagement through innovative digital platforms, while NHS Blood and Transplant (GB) emphasizes operational efficiency and regional partnerships to optimize blood supply chains. These strategies collectively shape a competitive environment that is increasingly reliant on technological advancements and collaborative efforts.

In terms of business tactics, companies are localizing manufacturing and optimizing supply chains to enhance responsiveness to regional needs. The market appears moderately fragmented, with several key players exerting influence through strategic partnerships and operational efficiencies. This structure allows for a diverse range of services and innovations, fostering a competitive atmosphere where collaboration and efficiency are paramount.

In November 2025, NHS Blood and Transplant (GB) announced a partnership with a leading tech firm to develop an AI-driven platform aimed at predicting blood demand more accurately. This initiative is likely to enhance their operational capabilities, ensuring that blood supplies are aligned with patient needs, thereby reducing waste and improving service delivery. The strategic importance of this move lies in its potential to revolutionize inventory management within the sector.

In October 2025, American Red Cross (US) launched a nationwide campaign to increase awareness about the importance of organ donation, utilizing social media and community outreach programs. This campaign not only aims to boost donor registrations but also positions the organization as a leader in public health advocacy. The significance of this initiative is underscored by its potential to create a more informed public, ultimately leading to increased organ donation rates.

In September 2025, Serum Institute of India (IN) expanded its operations by establishing a new facility dedicated to the processing of blood products. This expansion is indicative of the growing demand for blood derivatives and reflects the company's commitment to enhancing its production capabilities. The strategic importance of this facility lies in its potential to meet both domestic and international needs, thereby solidifying Serum Institute's position in the global market.

As of December 2025, current trends in the Blood and Organ Bank Market are heavily influenced by digitalization, sustainability, and the integration of AI technologies. Strategic alliances are increasingly shaping the landscape, allowing companies to pool resources and expertise to address complex challenges. Looking ahead, competitive differentiation is likely to evolve from traditional price-based competition to a focus on innovation, technological advancements, and supply chain reliability. This shift suggests that organizations that prioritize these elements will be better positioned to thrive in an increasingly complex market.

Key Companies in the Blood And Organ Bank Market market include

Industry Developments

The rising demand for blood and organ transplantation, the increasing prevalence of chronic diseases, and technological advancements in blood and organ preservation are key factors driving market growth.

Recent news developments include the approval of new blood storage and transportation systems, such as the Hemafuse system, which allows for longer storage times and improved blood quality. Additionally, advancements in organ preservation techniques, such as machine perfusion, are extending the viability of organs for transplantation.

Key market players are focusing on expanding their presence and developing innovative products to cater to the growing demand. For instance, in 2023, Thermo Fisher Scientific acquired the blood screening company Phadia to strengthen its position in the blood diagnostics market.

Future Outlook

Blood And Organ Bank Market Future Outlook

The Blood and Organ Bank Market is projected to grow at a 6.81% CAGR from 2024 to 2035, driven by technological advancements, increasing demand for organ transplants, and enhanced blood collection methods.

New opportunities lie in:

  • Development of advanced biobanking technologies for personalized medicine.
  • Expansion of telehealth services for donor recruitment and engagement.
  • Implementation of AI-driven inventory management systems for blood and organ storage.

By 2035, the market is expected to achieve substantial growth, driven by innovation and increased healthcare demands.

Market Segmentation

Blood And Organ Bank Market End Use Outlook

  • Hospitals
  • Blood Banks
  • Research Institutions
  • Transplant Centers
  • Diagnostic Laboratories

Blood And Organ Bank Market Application Outlook

  • Blood Donation
  • Organ Transplantation
  • Blood Component Separation
  • Cell Therapy
  • Tissue Banking

Blood And Organ Bank Market Product Type Outlook

  • Blood Products
  • Organs
  • Tissue Products
  • Cellular Therapies
  • Plasma

Blood And Organ Bank Market Service Type Outlook

  • Collection Services
  • Testing Services
  • Processing Services
  • Transportation Services

Blood And Organ Bank Market Storage Type Outlook

  • Refrigerated Storage
  • Frozen Storage
  • Cryogenic Storage
  • Ambient Storage

Report Scope

MARKET SIZE 202462.37(USD Billion)
MARKET SIZE 202566.62(USD Billion)
MARKET SIZE 2035128.76(USD Billion)
COMPOUND ANNUAL GROWTH RATE (CAGR)6.81% (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 ProfiledAmerican Red Cross (US), NHS Blood and Transplant (GB), BloodCenter of Wisconsin (US), Australian Red Cross Blood Service (AU), Canadian Blood Services (CA), National Blood Authority (AU), Serum Institute of India (IN), Japan Red Cross Society (JP), Korean Red Cross Blood Services (KR)
Segments CoveredApplication, End Use, Product Type, Storage Type, Service Type
Key Market OpportunitiesIntegration of advanced biobanking technologies enhances efficiency in the Blood And Organ Bank Market.
Key Market DynamicsTechnological advancements and regulatory changes are reshaping operational efficiencies in the Blood and Organ Bank Market.
Countries CoveredNorth America, Europe, APAC, South America, MEA

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FAQs

What is the projected growth of the Blood And Organ Bank market?

The Blood And Organ Bank market is the expected increase in total market value of 128.76 USD billion over a defined forecast period 2025–2035. It is driven by factors such as demand trends, technological advances, regulatory changes, and geographic expansion.

What is the size of the Blood And Organ Bank market?

Blood And Organ Bank market size was valued at approximately 62.37 billion USD in 2024. This figure will reach 128.76 billion USD covering all regions (America, Europe, Asia, MEA and ROW), focusing its segments / services / distribution channels till 2035.

What is the CAGR of the Blood And Organ Bank market?

Blood And Organ Bank market is expected to grow at a CAGR of 6.81% between 2025 and 2035.

How much will the Blood And Organ Bank market be worth by 2035?

Blood And Organ Bank market is expected to be worth of 128.76 billion USD, reflecting growth driven by usage, technology and global demands by the end of 2035.

How will the Blood And Organ Bank market perform over the next 10 years?

Over the next 10 years the Blood And Organ Bank market is expected to shift from usd billion 62.37 to 128.76 billion USD, led by adoption of advanced tech, demographic trends, regulatory approvals, with potential headwinds from 2025 to 2035.

What was the market size of the Blood and Organ Bank Market in 2024?

The Blood and Organ Bank Market reached a valuation of 54.66 billion USD in 2024.

Which region is expected to hold the largest market share in the Blood and Organ Bank Market in 2035?

North America is expected to hold the largest market share in the Blood and Organ Bank Market in 2035.

Which application segment is expected to hold the largest market share in the Blood and Organ Bank Market in 2035?

The blood banking segment is expected to hold the largest market share in the Blood and Organ Bank Market in 2035.

Who are some of the key competitors in the Blood and Organ Bank Market?

Some of the key competitors in the Blood and Organ Bank Market include Vitalant, American Red Cross, and Sanquin.

What are some of the key trends driving the growth of the Blood and Organ Bank Market?

Some of the key trends driving the growth of the Blood and Organ Bank Market include the increasing demand for blood and organ transplants, the growing awareness of the importance of blood and organ donation, and the advancements in Blood and Organ Banking technologies.

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