The blood banking devices industry is witnessing a robust transformation driven by rising demand for safe blood storage, advanced processing technologies, and increasing healthcare infrastructure investments worldwide. This momentum aligns with the growing emphasis on enhancing blood transfusion safety, directly impacting market growth and business development strategies.

Market Size and Overview

The blood banking devices market is estimated to be valued at USD 25.28 Bn in 2025 and is expected to reach USD 40.34 Bn by 2032, exhibiting a compound annual growth rate (CAGR) of 6.9% from 2025 to 2032.

This Blood Banking Devices Market Growth highlights increased adoption of automated blood collection and testing technologies. The expanding market scope is further bolstered by advancements in blood component separation devices and growing laboratory automation. These market trends reflect the heightened need for efficiency and safety in blood transfusion services, influencing the market revenue positively.

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