Blood Bank Information Systems Market Research, 2031

PORTLAND, OREGON, UNITED STATES, February 29, 2024 /EINPresswire.com/ -- A new business intelligence report released by Allied Market Research, the global Blood Bank Information Systems Market generated $557.2 million in 2021 and is estimated to hit $1.1 billion by 2031, registering a CAGR of 7.8% from 2022 to 2031.

Key Takeaways:

Europe is expected to retain its dominance throughout the forecast period.

The hospital segment dominated the market in 2021, and this trend is expected to continue during the forecast.

The web-based segment dominated the blood bank information systems market share in 2021, and this trend is expected to continue during the blood bank information systems market analysis period

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The factors that drive growth of the global blood bank information systems market include increase in healthcare expenditure; technological advancements, and different strategies adopted by the market players like product launch and product approval. However, data safety concerns and cyber-attacks may hinder the market growth. Contrarily, favorable reimbursement policies and support from the government for regulatory approval offers lucrative opportunities for the growth of the market.

Drivers:

Rise in number of blood donors due to the increase in prevalence of hematological diseases and an upsurge in accident cases
Increase in healthcare expenditure
Technological advancements
Different upgrades in the system

Opportunities:

Different strategies adopted by the market players like product launch and product approval
Favorable reimbursement policies and increase in support from the government for regulatory approval

Restraints:

Data safety concerns and cyber-attacks

Enhanced Donor Management: Donor management is a critical aspect of blood banking, and BBIS platforms offer comprehensive functionalities for donor recruitment, screening, and retention. These systems help in maintaining donor records, scheduling appointments, conducting pre-donation assessments, and tracking donor eligibility.

Blood Testing and Screening: BBIS solutions facilitate efficient blood testing and screening processes, ensuring the safety and quality of blood products. These systems automate the screening of donated blood for infectious diseases, compatibility testing, and blood grouping, reducing the risk of transfusion-related complications.

Based on type, the blood donor management module segment accounted for nearly half of the overall blood bank information systems market in 2021, and is projected to lead the trail by the end of 2031. The same segment is likely to achieve a CAGR of 8.1% during the forecast period. The report also analyzes segments such as blood bank transfusion service module and others.

The increasing prevalence of blood cancer, such as leukemia, leads to a significant rise in blood transfusion procedures and bone marrow cell transplants thus propelling blood bank information systems market size. According to American Red Cross, around 29,000 units of red blood, nearly 5,000 units of platelets, and 6,500 units of plasma are required every day for various hematologic diseases in the US. Additionally, 16 million blood components are transfused for different blood-related illnesses such as blood cancer and others each year in the US. Also, they have reported that more than 1.8 million people was diagnosed with cancer in 2020. Thus, the rising hematologic diseases propel the demand for blood transfusions, which fuels the global blood bank information systems market growth.

Market Segmentation:

By Type:

Blood Donor Management Module
Blood Bank Transfusion Service Module
Others

By Application Type:

Web-based
Mobile based

By End User:

Hospital
Blood Banks
Type
Private
Public

By Region:

North America (U.S., Canada, Mexico)
Europe (Germany, France, UK, Italy, Spain, Rest Of Europe)
Asia-Pacific (Japan, China, Australia, India, South Korea, Rest Of Asia-Pacific)
LAMEA (Brazil, Saudi Arabia, South Africa, Rest Of LAMEA)

Key Market Players:

it synergistics, Integrated Medical Systems, CompuGroup Medical SE & Co. KGaA, hemosoft it & training services inc., Allscripts Healthcare Solutions, Inc., scc soft computer, Cerner Corporation, Roper Technologies, Inc., Haemonetics Corporation, WellSky

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By region, North America is expected to remain dominant during the forecast period, due to local presence of large in-house players like Allscripts Healthcare Solutions, Inc., Cerner Corporation, Haemonetics Corporation, Integrated Medical Systems, IT Synergistics, Psyche Systems Corporation, Soft Computer Consultants Inc., Sunquest Information Systems, and WellSky. Moreover, Asia-Pacific registered highest CAGR and is expected to continue this trend throughout the forecast period, owing to improvement in healthcare facilities, rise in disposable income, rise in adoption of blood bank information system, and rapid improvement in economic conditions

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About Us

Allied Market Research (AMR) is a full-service market research and business-consulting wing of Allied Analytics LLP based in Portland, Oregon. Allied Market Research provides global enterprises as well as medium and small businesses with unmatched quality of "Market Research Reports" and "Business Intelligence Solutions." AMR has a targeted view to provide business insights and consulting to assist its clients to make strategic business decisions and achieve sustainable growth in their respective market domain.

We are in professional corporate relations with various companies and this helps us in digging out market data that helps us generate accurate research data tables and confirms utmost accuracy in our market forecasting. Allied Market Research CEO Pawan Kumar is instrumental in inspiring and encouraging everyone associated with the company to maintain high quality of data and help clients in every way possible to achieve success. Each and every data presented in the reports published by us is extracted through primary interviews with top officials from leading companies of domain concerned. Our secondary data procurement methodology includes deep online and offline research and discussion with knowledgeable professionals and analysts in the industry.

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Allied Market Research
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