As more people opt for cancer treatment, surgeries, and blood transfusions also increase, needing appropriate storage and quality control of blood and blood components. Women with breast and cervical cancer often experience chemotherapy and radiation therapy, leading to low blood cell count and the need for blood transfusions. The incidence of cancer is increasing globally, resulting in a higher demand for blood in hospitals, notably during the blood market growth. "Besides analyzing the current market scenario, our report examines historic data from 2017 to 2021"- Technavio Learn about the contribution of each segment summarized in concise infographics and thorough descriptions. Such benefits accelerate the demand for blood collection bags, which are anticipated to drive the growth of the whole blood collection and processing segment in the blood market during the forecast period. The blood market share growth in the whole blood collection and processing segment will be significant during the forecast period. During the manufacturing of blood bags to prevent any breakages or twists to ensure free flow during blood separation and collection, standardized collection methods are used. However, Such bags help in extending the storage of red blood cells and reducing the density of packed red blood cells for easy transfusion, which leads to maximized harvesting of plasma.The market has been segmented by product (Whole blood collection and processing, Blood screening products, Blood typing products, and Source plasma collection ), end-user (Hospitals, Ambulatory surgical centers (ASCs), and Others ), and geography ( North America, Asia, Europe, and Rest of World (ROW)). This report offers an up-to-date analysis of the current market scenario, the latest trends and drivers, and the overall market environment. Market growth in this region will be slower than growth in Asia. The increasing number of road accidents and sports injuries will facilitate the blood market growth in the region during the forecast period. In North America, the US and Canada are the major markets for the blood market. North America is estimated to account for 40% of the global metal powders market during the forecast period. The market has segmented by product (Whole blood collection and processing, Blood screening products, Blood typing products, and Source plasma collection ), end-user (Hospitals, Ambulatory surgical centers (ASCs), and Others ), and geography ( North America, Asia, Europe, and Rest of World (ROW)). In addition, the momentum of the market will progress at a CAGR of 5.31% during the forecast period, according to Technavio Research. 8, 2023 /PRNewswire/ - The blood market size is expected to grow by USD 2,195.69 million from 2022 to 2027.
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