Blood Bank Information Systems Market Research Report and Outlook by 2028

The blood bank information systems market is anticipated to grow significantly, reaching an estimated US$ 1,103.95 Million by 2028, up from US$ 659.87 Million in 2021. This growth represents a compound annual growth rate (CAGR) of 7.6% from 2021 to 2028. A major driver of this market expansion is the increasing number of blood donors and the volume of blood donations. Additionally, the rise in hematologic diseases contributes to the heightened demand for blood. According to the World Health Organization (WHO), around 118.4 million blood donations are collected worldwide, with 40% of these donations occurring in high-income nations. Furthermore, approximately 13,300 blood centers across 169 countries report a total of 106 million donations. WHO data also indicates that women account for 33% of global blood donations. Notably, from 2013 to 2018, 156 countries experienced an increase of 7.8 million blood donations from voluntary, unpaid donors, with the Americas and Africa seeing the highest growth rates of 25% and 23%, respectively. These factors collectively drive the demand for blood bank information systems.

As the number of blood donors rises globally, advancements in the management and storage of blood donations are being implemented in blood banks. Blood bank information systems play a crucial role in this process. For example, in August 2020, a report by Samson Oloruntoba and colleagues introduced a blood retrieval system designed to enhance the management of blood donor records and regulate blood distribution in government hospitals. This innovative system offers timely, efficient, and confidential information to donors, facilitating quick access to their medical reports. It operates on both web-based and Android platforms, focusing on minimizing blood transfusion errors. Such developments are pivotal in propelling the growth of the blood bank information systems market.

The global blood bank information systems market is categorized by type and end-user. In terms of type, the market is divided into the blood donor management module, blood bank transfusion service, and other categories. The blood donor management module is projected to dominate the market share from 2021 to 2028. This segment has garnered significant attention due to its capability to efficiently manage daily transactions within blood banks. It maintains extensive records, streamlining the search for blood. Companies like HEMOSOFT have been instrumental in this area, providing national blood banking software to the Turkish Red Crescent, which serves blood centers and regional facilities throughout Turkey. This system incorporates warning, advisory, and decision-making tools to swiftly mitigate errors and enhance processing efficiency. Such advancements have further stimulated the growth of the blood donor management module segment in the market.

Regarding end-users, the blood bank information systems market is segmented into hospitals and blood banks. Blood banks are specialized healthcare facilities that focus on blood storage and its components. They serve as advanced storage facilities for various blood types and are responsible for preserving blood samples and bags donated by individuals. This stored blood is critical for patients facing emergencies, such as significant blood loss during surgeries, blood cancers, and other blood-related conditions. The American Heart Association (AHA) has endorsed hospitals to establish blood bank facilities to ensure rapid and easy access to blood in emergencies. These developments have significantly increased the demand for blood bank information systems.

In preparing the report on the blood bank information systems market, various primary and secondary sources were consulted, including organizations such as the World Health Organization (WHO), Globocan, American Red Cross (ARC), Paul Ehrlich Institut (PEI), National Health Service (NHS), OECD, French Safety Observatory (ONISR), Knoema, Centro Nazionale Sangue (CNS), Association of Electronics, Information Technology and Digital Content Companies (AMETIC), and the Spanish Society of Health Informatics (SEIS). These sources provide valuable insights and data that inform the current trends and future projections of the blood bank information systems market.