One of the major factors driving growth in the global blood banking devices market is a severe shortage of blood units in various countries. For example, according to World Health Organization (WHO) data from 2012, only about 9 million blood units are available annually, despite a global demand for 12 million units. Furthermore, a significant disparity exists between the increasing demand for blood units and the actual number of blood banks present globally, indicating a significant opportunity for the blood banking devices market over the forecast period.
For instance, according to the National Health Profile-2018 prepared by the Central Bureau of Health Intelligence (CBHI), as on June 2017, the total number of licensed Blood Banking Devices in India were 2,903, which majorly includes government owned blood banks and charitable trust blood banks.
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