Reports and Data has recently published a new report on the Global Blood and Organ Bank Market that offers key insights into the current and emerging trends, key companies and market size and market share on a global and regional level. Despite weak development in Western economies as a whole, MA (mergers and acquisitions) activity in the healthcare sector has increased dramatically. Not only is there a strong growth in pharmaceutical companies, but also considerable growth in economies of emerging markets.
These findings are detailed in Reports and Data Global Blood and Organ Bank Market Report, which indicates that the medicines industry has a promising future. The global blood and organ bank market is expected to reach a substantially large market size in 2027 and register a high CAGR over the forecast period. Industry analysis indicates that rising demand for blood and organ banks among end-users, such as hospitals and diagnostic centers, is driven by changing market trends, which are expected to support industry growth as well as market growth over the forecast period. Market consolidation in Western Europe and North America is to blame for the growth in deal valuations. North America led the way in terms of acquisitions last year, accounting for over half of all outbound deals.
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Now that the tide is turning, more worldwide growth in the pharmaceutical business is likely to come from emerging nations, particularly China, where health systems are rapidly developing. Despite the fact that only a few acquisitions were announced or completed, tremendous growth is projected in the future years.
Significantly, China's adoption of health insurance and broader healthcare reforms last year effectively created a market of one billion people overnight. However, generic medications account for 76% of the Chinese market, making it difficult for European and American multinationals to capitalize on market prospects.
In the past, developed countries were hesitant to trade in emerging markets, with only a few multinational pharmaceutical companies making acquisitions in Latin America, India, or China. However, with tremendous development potential in the East, major businesses in the pharmaceutical industry should explore acquisitions in China aggressively to gain a presence.
Key Players Operating in Global Blood and Organ Bank Market:
- American Red Cross
- New England Organ Bank
- 21st Century Medicine
- New York Blood Center
- The Living Bank
- Musculoskeletal Transplant Foundation, Inc.
- National Organ Tissue Transplant Organization
- China Cord Blood Corporation
- New York Cord Blood Program
- Cord Blood Registry
Global Blood and Organ Bank Market: Regions Covered
- North America
- Europe
- Asia Pacific
- Latin America
- Middle East Africa
Global Blood and Organ Bank Market: Report Highlights
- Detailed overview of the blood and organ bank market
- Changing dynamics of the blood and organ bank market
- Segmentation of the blood and organ bank market
- Regional landscape of the blood and organ bank market
- Evaluation of the blood and organ bank market on the basis of the present and past data collected
- Historical, present, and projected blood and organ bank market in terms of volume and value
- Recent trends and developments in the blood and organ bank market
- Competitive landscape of the blood and organ bank market
- Strategies adopted by key players and products offered by them in the blood and organ bank market
Global Blood and Organ Bank Market: Segmentation
The report consists of forecasts for the blood and organ bank market at the global, regional, and country levels. The report contains analysis of trends in each segment of the market for the period from 2017 to 2027.
For this study, Reports and Data has segmented the global blood and organ bank market on the basis of type and end-user as follows.
By Type (Revenue, USD Billion; 2017–2027)
- Red Blood Cell Collection, Processing and Distribution Services
- Blood Plasma Collection, Processing and Distribution Services
- Organ Bank Services
- Tissue Bank Services
- Health Screening Services
- All Other Human Blood Services
- Reproductive and Stem Cell Bank Services
By End-user (Revenue, USD Billion; 2017–2027)
- Hospitals
- Diagnostic Centers
- Blood Banks
- Others
The entry of startups and regional players in the recent years and their increasing focus on drug development and research and advancements in therapeutics and medical devices are also expected to contribute to the growth of the market.
Among the product types, the demand for personalized medicine for cancer is expected to dominate other types over the forecast period attributing to growing demand for customized therapies to treat various types of cancer and growing incidence of cancer globally.
Growing advancements in medical therapies to drive market growth
The pharmaceutical and healthcare industry is driven by rapid advancements in customized therapies, medical devices, and surgical procedures. Integration of advanced technologies to accelerate research and development and manufacturing and production activities are some other factors driving market growth.
High prices of certain drugs might affect revenue growth
Launch of high-priced drugs to treat rare and chronic diseases and lesser affordability in middle- and low-income regions might limit their adoption and restrain market growth going ahead. In addition, less knowledge and awareness regarding advanced treatment approaches and lower adoption of advanced technologies might further hamper market growth over the forecast period.
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