The global blood bank information systems market revenue was around US$ 557.5 million in 2021 and is estimated to reach US$ 1,185.9 billion by 2031, growing at a compound annual growth rate (CAGR) of 7.8% during the forecast period from 2022 to 2031.
A blood bank is a department inside a hospital or an independent facility that collects and stores donated blood and components for transfusion. A variety of online platforms are available that connect blood banks and hospitals to satisfy the need for blood.
Factors Influencing Market Growth
The storage of blood data and effective communication. Such factors fuel the market growth.
Rising healthcare costs, technical improvements, and system updates. Thus, these factors are anticipated to drive the market growth.
The demand for blood transfusions is driven by the increase in hematologic illnesses, which also drives the blood bank information systems market.
Favorable reimbursement policies and increased government assistance for regulatory approval create lucrative opportunities in the market.
Cyberattacks and worries about data security could impede market expansion.
Study of the COVID-19 Pandemic
The COVID-19 pandemic had a significant negative impact on the market. The government should create new regulations to safeguard donors from COVID-19 and adapt to a reduced blood supply. These policies are seen in the management of patient blood and blood bank operations. The creation of regulations and procedures for a non-traditional therapy presented challenges for blood banks.
Europe dominated the blood bank information systems and is predicted to continue to lead during the projected period. The increase in demand for safe blood transfusions, increased knowledge of blood donation, and the expansion of hospitals and blood banks are the main causes of this. Hematologic disorders are in the demand for blood transfusions rise to propel, fueling the market for blood bank information systems.
The leading competitors in the global blood bank information systems market are:
Allscripts Healthcare Solutions
CompuGroup Medical SE & Co KGaA
Hemosoft It & Training Services Inc
Integrated Medical Systems
Roper Technologies Inc
SCC Soft Computer
The global blood bank information systems market segmentation focuses on Type, Application Type, End User, and Region.
Segmentation based on Type
Blood Donor Management Module
Blood Bank Transfusion Service Module
Segmentation based on Application Type
Segmentation based on End User
Segmentation based on Region
Rest of Western Europe
Rest of Europe
Australia & New Zealand
Rest of Asia Pacific
Middle East & Africa (MEA)
Rest of MEA
Rest of South America