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Blood Banks are a place that is engaged in collecting, processing, testing, storing and distributing blood and blood products to hospitals, ambulatory centers during an emergency. The blood or blood products before storing are extensively tested and well processed before distributing.
Demand for Blood Banks is anticipated to grow owing to the factors such as growth in increase in prevalence of hematological diseases, rise in accidental cases, increasing number of geriatric population, high demand for safe blood due to high prevalence of transfusion transmissible infections such as HIV, Hepatitis B across the world. Nevertheless, rise in wastage of donated blood and stringent regulations are expected to hamper the market growth during the forecast period.
Segmentation of Blood Bank Sector
- Whole Blood
- Testing, Storage