The global blood bank market was valued at USD 18.42 Billion in 2025, driven by rising awareness among people regarding the importance of donating blood, initiatives by the government and other organisations across the globe. The market is anticipated to grow at a CAGR of 4.70% during the forecast period of 2026-2035 to achieve a value of USD 29.16 Billion by 2035.
The market growth is driven by increasing use of augmented reality (AR) to portray the dire significance of blood donations, adoption of blockchain to add visibility and security to the blood supply network, and improvements in the healthcare infrastructure.
Base Year
Historical Period
Forecast Period
The increasing reliance on community-based blood centers is driving a resilient global supply network for emergency and routine transfusions.
Standardization and accreditation from entities like AABB are enhancing quality control and boosting international trust in blood banking services and boosting market growth.
One of the major market trends include rising contributions from national organizations like Lifeblood Australia, that are intended to promote self-sufficiency and innovation in regional blood supply management.
Compound Annual Growth Rate
4.7%
Value in USD Billion
2026-2035
*this image is indicative*
Blood banks are essential healthcare institutions responsible for the collection, testing, storage, and distribution of blood and its components. As per the data released by the World Health Organization in May 2025, approximately 118.5 million blood donations were collected globally in 2023, with 40% from high-income countries and an average of 31.5 donations per 1,000 people in those regions . In the U.S. alone, around 13.6 million units of whole blood and red cells were donated in 2023, supporting nearly 29,000 daily transfusions. Blood banks are vital for emergency medicine, surgeries, and chronic disease management, and with growing global demand, they serve as critical infrastructure underpinning modern healthcare systems worldwide.
Global Collaborations Enhancing Market Development Worldwide
The increasing demand for safe blood supplies and the need to strengthen healthcare systems in low-resource countries are propelling strategic alliances in the blood bank market. For instance, in April 2025, the AABB and Global Blood Fund renewed their Memorandum of Understanding to jointly support underserved regions by improving blood collection, storage, and transfusion practices. This collaboration is expected to enhance global access to quality blood banking services, supporting global blood bank market expansion through knowledge sharing, capacity building, and international standardization.
Major market trends such as rising awareness, technological innovation, and urgent donor initiatives are significantly transforming the market.
"Blood Bank Market Report and Forecast 2026-2035" offers a detailed analysis of the market based on the following segments:
Breakup by Product Type
Market Breakup by Function
Market Breakup by Bank Type
Market Breakup by End User
Market Breakup by Region
Hospitals Dominating the Segment by End User
Hospitals are expected to hold the largest market share in the blood bank industry due to their high patient turnover, constant need for blood in surgeries, trauma care, and chronic disease treatments. They serve as primary hubs for transfusions and complex procedures requiring blood components. Additionally, hospitals often collaborate with public and private blood banks, ensuring a continuous supply chain. Their critical role in emergency and routine care positions them as the leading contributors to blood bank demand globally.
North America and Europe Emerging as Leading Regions in the Blood Bank Market
North America is expected to lead the blood bank market due to widespread healthcare access, advanced transfusion technologies, and over 13 million annual blood donations in the U.S. alone . Europe ranks second, supported by efficient national blood services and strong public awareness. Countries like Germany and the UK maintain high donation rates and strict blood safety protocols, ensuring a reliable supply and driving regional growth in transfusion medicine and blood component storage.
The key features of the market report comprise funding and investment analysis, and strategic initiatives by the leading players. The major companies in the market are as follows:
Founded in 1947 and headquartered in Bethesda, Maryland, the American Association of Blood Banks (AABB) is a non-profit organization that sets standards and accredits institutions involved in transfusion medicine and cellular therapies. AABB plays a key role in promoting safe, effective blood donation, storage, and transfusion practices globally. It supports healthcare facilities, blood banks, and laboratories by providing education, policy advocacy, and technical guidance to improve patient care and safety in blood and biotherapies.
Established in 1962 and headquartered in Washington, D.C., America's Blood Centers (ABC) is the largest network of community-based, non-profit blood centers in the United States. Its members collect and distribute nearly 60% of the nation’s blood supply. ABC works to ensure a steady blood supply, especially during public health emergencies, and supports advancements in donor recruitment, transfusion safety, and patient care. Its network supports hospitals, trauma centers, and outpatient clinics across North America.
Headquartered in Melbourne and established in 1914, the Australian Red Cross Society oversees Lifeblood, a division responsible for managing Australia’s blood and biological product supply. The organization collects, tests, and distributes blood and related products nationwide. It also supports research, organ and tissue donation, and provides services during natural disasters. Lifeblood’s contribution is essential to the country’s healthcare system, ensuring timely and safe transfusion support for surgeries, trauma care, and chronic disease management.
Founded in 1962 and based in Anchorage, Alaska, the Blood Bank of Alaska (BBA) is a vital non-profit organization serving hospitals and healthcare providers throughout the state. It collects, processes, and distributes blood and blood products, ensuring Alaskans have access to lifesaving transfusion services. Operating in one of the most remote U.S. regions, BBA maintains high safety standards and engages in community outreach, while supporting both routine medical procedures and emergency care needs.
*Please note that this is only a partial list; the complete list of key players is available in the full report. Additionally, the list of key players can be customized to better suit your needs.*
Other key players in the market include Canadian Blood Services, JAPANESE RED CROSS SOCIETY, NEW YORK BLOOD CENTRE, SANQUIN BLOOD SUPPLY FOUNDATION, THE AMERICAN RED CROSS, and VITALANT, among others.
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*While we strive to always give you current and accurate information, the numbers depicted on the website are indicative and may differ from the actual numbers in the main report. At Expert Market Research, we aim to bring you the latest insights and trends in the market. Using our analyses and forecasts, stakeholders can understand the market dynamics, navigate challenges, and capitalize on opportunities to make data-driven strategic decisions.*
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Globally, blood bank market reached a value of USD 18.42 Billion in 2025.
The market is projected to expand at a CAGR of 4.70% from 2026 to 2035, growing to USD 29.16 Billion by 2035.
The industry is primarily being driven by the rising awareness among people regarding the importance of donating blood, initiatives by the government and other organisations, use of augmented reality (AR) to portray the dire significance of blood donations, adoption of blockchain to add visibility and security to the blood supply network, and improvements in the healthcare infrastructure.
The key trends driving the industry’s growth are the increasing research and clinical trials regarding the COVID-19 convalescent plasma and increasing donations by repeat donors and older donors.
The major regions in the industry are North America, Latin America, Europe, the Middle East and Africa, and the Asia Pacific.
The major product types of blood bank are whole blood, red blood cell, platelet, plasma, and white blood cell.
The market can be broadly categorised on the basis of its functions into collection, processing, testing, storage, and transportation.
Based on bank type, the market is divided into private and public.
On the basis of end-users, the market is categorised into hospital, ambulatory surgery centres, pharmaceutical companies, clinics and nursing homes, among others.
The major players in the industry are America's Blood Centers, Australian Red Cross Society, Blood Bank of Alaska, and Canadian Blood Services, among others.
Explore our key highlights of the report and gain a concise overview of key findings, trends, and actionable insights that will empower your strategic decisions.
| REPORT FEATURES | DETAILS |
| Base Year | 2025 |
| Historical Period | 2019-2025 |
| Forecast Period | 2026-2035 |
| Scope of the Report |
Historical and Forecast Trends, Industry Drivers and Constraints, Historical and Forecast Market Analysis by Segment:
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| Breakup by Product Type |
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| Breakup by Function |
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| Breakup by Bank Type |
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| Breakup by End User |
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| Breakup by Region |
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| Market Dynamics |
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| Supplier Landscape |
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| Companies Covered |
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