Blood Bank Market to be dominated by Red Blood Cells (RBCs) through 2027
Increasing awareness of blood donation is expected to drive global blood bank market in the forecast period, 2023-2027. According to TechSci Research report, “Blood Bank Market - Global Industry Size, Share, Trends, Opportunity, and Forecast, 2017-2027” , the global blood bank market is anticipated to grow at a steady rate in the forecast period, 2023-2027 . This can be ascribed to the increasing surgical volume along with growing number of road accidents that require blood supply is expected to spur the growth of global blood banks market. Additionally, growing prevalence of different blood cancer is further expected to increase the demand for blood banks. According to the global cancer observatory, around 474,519 new cases of leukemia were reported globally in 2020 with 311,594 reported deaths in the same year. Similarly, initiatives taken by several governmental and non-governmental organizations related to blood donation among the population is expected to fuel th...