Blood Platelets Market - Historic Data (2019-2024), Global Trends 2025, Growth Forecasts 2037
Blood Platelets Market in 2025 is assessed at USD 5.76 billion. The global market size was valued at more than USD 5.59 billion in 2024 and is expected to register a CAGR of over 3.8%, exceeding USD 9.08 billion revenue by 2037. North America is poised to reach USD 3.18 billion by 2037, fueled by greater blood transfusion needs and a surge in accident rates.
The growth of this market is primarily driven by the increasing awareness about the importance of blood donation and the need for platelets has led to an increase in voluntary blood donations. The government, healthcare firms, and non-profit organizations across the globe are carrying out several initiatives to encourage blood and platelet donations.
Moreover, the increasing demand for blood transfusion is giving rise to the global blood platelets market growth. The blood transfusion demand has been significantly growing on account of growing acceptance by the US FDA regarding blood transfusion products consisting of blood platelets and advanced technologies aiding blood donation and storage. The blood to be transfused is first analyzed with the help of blood transfusion diagnostics.
Blood Platelets Sector: Growth Drivers and Challenges
Growth Drivers
- Increasing Geriatric Population – The aging population is more prone to conditions requiring platelet transfusion such as cancer, cardiovascular disease, and chronic liver disease. As the global population ages, the demand for blood platelets is anticipated to grow due to the high prevalence of age-related health issues.
- Growing Prevalence of Blood-Related Disorder - With the growing prevalence of chronic blood disorders such as hemophilia, myelofibrosis, and thrombocytopenia, the demand for platelets is growing. As these conditions demand regular platelet transfusion to manage bleeding episodes. Around 324,648 out of 5.5 billion people worldwide have an identified bleeding disorder, reported as by the World Federation of Hemophilia's 2019 annual global survey.
- Surge in Number of Surgical Procedures - The increasing number of surgical procedures worldwide also contributes to the increased need for blood platelets. The increase in orthopedic and cardiac surgeries has increased the need for platelets in hospitals. In addition, increased organ transplantation such as kidney, corneal implants, and others has increased the demand for platelets. Recorded by World Observatory on Donations and Transplants, 153,863 organs were transplanted annually in 2019, which is an increase of 4.8% from 2018.
Challenges
- High Risk Related to the Transmission of Infections - Blood transfusions comprise significant health risks. Among these, transmission of infectious organisms remains one of the most concerning complications. Hepatitis B used to be the biggest transfusion risk. Also, there may be a chance of wrong blood group typing while transferring the blood to the patients. However, unnecessary blood transfusions should be avoided to reduce the risk of infection and other complications.
- High Treatment Cost Associated
- Shortage of Blood Donors
Blood Platelets Market: Key Insights
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Base Year |
2024 |
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Forecast Year |
2025-2037 |
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CAGR |
3.8% |
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Base Year Market Size (2024) |
USD 5.59 billion |
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Forecast Year Market Size (2037) |
USD 9.08 billion |
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Regional Scope |
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Blood Platelets Segmentation
Application (Platelet Function Disorder, Hemophilia, Thrombocytopenia, Perioperative Indication)
The platelet function disorder segment is assumed to dominate the blood platelets market with a revenue of 51% by the end of 2037. The growth of this market is majorly driven by the growing prevalence of cancer among the population. Chronic myelogenous leukemia and various myeloma cancers result in the development of acquired platelet dysfunction in some cancer patients. Therefore, cancer patients often have to receive platelet transfusions. In addition, chronic platelet dysfunction increases the need for platelet transfusions. The incidence of myeloma in the UK is projected to increase by 11% between 2014 and 2036, reported as by Cancer Research UK Statistics 2021. These figures indicate an increasing demand for platelet transfusions in the treatment of cancer patients. Therefore, platelets are often given to such patients to reduce the need for red blood cells, surgical blood loss, and complications such as reoperation due to bleeding.
End Users (Hospitals, Ambulatory Surgical Centers)
The hospital segment is predicted to witness the largest share of 72% during the time period between 2025 – 2037. The expansion of the segment can be attributed on the back of the accessibility of talented experts in the hospitals. The blood platelets market is expanding as a result of an increase in hospital admissions for patients with cancer, hemophilia, and other severe platelet disorders. Furthermore, higher accessibility of blood parts in hospitals brings about expanded use of blood platelets, bringing about expanded reception. Also, blood platelets are in high demand in hospitals as a result of an increase in the number of surgeries and severe injuries that necessitate blood transfusions. Additionally, promotive reimbursement policies have resulted in high demand for blood platelets in the hospital segment.
Our in-depth analysis of the global market includes the following segments:
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Application |
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Platelets |
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End User |
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Customize this ReportBlood Platelets Industry – Regional Synopsis
North American Market Forecast
North America industry is anticipated to hold largest revenue share of 35% by 2037. The growth of the market in this region is primarily driven by the increased demand for blood transfusion, followed by the rising number of accidents. As per the U.S. Department of Transportation, the number of people who died in motor vehicle traffic crashes increased to 9,560 in the first quarter of 2022. Furthermore, in the North America region, several countries have been experiencing economic growth which is expected to contribute to the increased healthcare spending and demand for advanced medical treatments.
APAC Market Statistics
The Asia Pacific region market for blood platelets is estimated to experience significant market expansion with a revenue of 28 percent by the end of the predicted period. The growth of this sector is driven on the back of several factors such as a high number of the presence of bleeding disorder, especially in emerging economies such as India and China. Besides, the growing number of trauma cases and advancement in healthcare infrastructure in the region are raising awareness related to blood donation in the Asia Pacific region. Blood donation in China grew by more than 40 percent between 1998 and 2020 due to growing awareness.
Companies Dominating the Blood Platelets Landscape
- Aggredyne Inc.
- Company Overview
- Business Strategy
- Key Product Offerings
- Financial Performance
- Key Performance Indicators
- Risk Analysis
- Recent Development
- Regional Presence
- SWOT Analysis
- Sysmex Corporation
- Haemochrom Diagnostics GmbH
- Eurobio Scientific
- LABiTec Labor BioMedical Technologies GmbH
- Thermo Fisher Scientific Inc.
- PerkinElimer Inc.
- Werfen, S.A.
- F. Hoffmann-La Roche Ltd.
- Terumo Corporation
In the News
- Aggredyne, Inc. announced the AND Drug Administration approval for its AggreGuide A-100 ADP Assay testing cartridge, an in vitro diagnostic tool. It is used to assess the effects of antiplatelet drugs that target the platelet P2Y12 receptor. The clearance enables the company to market products across the United States and broadens the range of additional tests that may be performed using the A-100 equipment.
- Terumo Blood and Cell Technologies officially launched MUGARD WB Platelet Pooling Set after receiving clearance from U.S. Food and Drug Administration clearance. It is the first platelet pooling set in the US to receive approval for seven-day storage and can be really helpful at times platelet storage.
Author Credits: Radhika Pawar
- Report ID: 4719
- Published Date: Apr 23, 2025
- Report Format: PDF, PPT
