Blood Platelets Market Size, Share, Industry Trends and Forecast to 2030

Blood Platelets Market Size & CAGR in 2021

The global blood platelets market is estimated to have a growth rate of 4.2% CAGR from 2021 to 2030. The market size is expected to reach USD 7.5 billion by the end of 2028. Blood platelets are crucial components of blood that help in clotting and wound healing processes. The market for blood platelets is driven by the increasing prevalence of bleeding disorders, surgeries, and trauma cases requiring platelet transfusions.

COVID-19 Impact on the Blood Platelets Market

The COVID-19 pandemic has had a significant impact on the blood platelets market. Due to lockdowns and restrictions, blood donations and platelet transfusions have decreased, leading to a shortage of blood platelets in some regions. Healthcare facilities faced challenges in maintaining an adequate supply of blood products, including platelets. However, with the gradual relaxation of restrictions, the market is expected to recover and witness growth in the coming years.

Blood Platelets Dynamics

Blood platelets play a critical role in the body's ability to form clots and prevent excessive bleeding. They are essential for wound healing, tissue repair, and maintaining vascular integrity. The demand for blood platelet transfusions is increasing due to the rising incidence of bleeding disorders, thrombocytopenia, and surgical procedures that require platelet support. Technological advancements in platelet collection, storage, and transfusion techniques are also driving market growth.

Segments and Related Analysis

The blood platelets market can be segmented based on product type, application, end-user, and region. Product types include platelet concentrates, platelet-rich plasma, and platelet-rich fibrin. Applications of blood platelets include oncology, orthopedics, cardiovascular surgery, and trauma care. End-users of blood platelets are hospitals, ambulatory surgical centers, and blood banks.

By Region Analysis

- North America: The largest market share in 2021 was held by North America, driven by advanced healthcare infrastructure and high awareness about blood-related disorders.
- Europe: Europe also accounted for a significant share, with countries like Germany and the UK leading in platelet transfusion services.
- Asia Pacific: The Asia Pacific region is expected to witness the fastest growth due to increasing healthcare investments and rising prevalence of bleeding disorders.
- Latin America: Latin America is experiencing steady growth in the blood platelets market, with Brazil and Mexico being key contributors.
- Middle East and Africa: The MEA region is seeing a growing demand for blood platelets due to improving healthcare facilities and rising trauma cases.

Key Market Players and Competitive Landscape

The key players in the blood platelets market include Terumo Corporation, Fresenius SE & Co. KGaA, Haemonetics Corporation, Macopharma, and Grifols. These companies are focusing on expanding their product portfolios, enhancing manufacturing capabilities, and strategic collaborations to maintain a competitive edge in the market.

Recent Happenings in the Blood Platelets Market

- In March 2021, Terumo Corporation announced the launch of a new platelet collection system to improve platelet yield and quality.
- In July 2021, Fresenius SE & Co. KGaA unveiled a platelet transfusion device with advanced safety features for better patient outcomes.
- In September 2021, Haemonetics Corporation introduced a mobile platelet donation unit to enhance blood collection efficiency and accessibility.