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Blood Bank Information Systems Market

Blood Bank Information Systems Market

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): Global Opportunity Analysis and Industry Forecast, 2021-2031

Report Code: A13428
Pages: 258
Sep 2022 | 1379 Views
Author(s) : Avinash G , Onkar S
Tables: 149
Charts: 59
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Blood Bank Information Systems Market Research, 2031

The global blood bank information systems market was valued at $557.2 million in 2021, and is projected to reach $1,184.2 million by 2031, growing at a CAGR of 7.8% from 2022 to 2031. A blood bank is a department in a hospital or individually, which collects the blood and blood components by donation and stores them for transfusion. There are numerous online systems available which communicate among blood bank and hospital to satisfy the blood demands. There are several manual systems also available which are time-consuming and laborious, as compared to the blood bank information system because it is compact, least time-consuming, and helps a lot of functions at once. This system also gives information on stock, sales, and also keeps the data about blood donors for the future.

The COVID-19 has had a distinctly negative effect on blood bank information systems market forcing blood banks, blood centers, and the government to adopt new policies to adapt to a decreased blood supply as well as to protect the donors from COVID-19. These policies can be seen distinctly in patient blood management and blood bank operations. Blood banks also faced issues with developing policies and procedures for a nontraditional therapy.

Blood data storage and efficient communication are factors that drive the growth of the blood bank information systems market size. In addition, increase in healthcare expenditure; technological advancements, and different upgrades in the system boost the blood bank information systems market growth.

Blood Bank Information Systems Market

For instance, in April 2019, Blood Bank Computer Systems, Inc. has declared that two new clients are working on ABO Suite. Kentucky Blood Center and LifeServe Blood Center developed a successful transition to ABO Suite, including conversion of all legacy data. They also took the support of Optimize Technology Group’s (OpTech) Cloud Hosting However, data safety concerns and cyber-attacks may hinder the market growth. Contrarily, favorable reimbursement policies and increase in the support from the government for regulatory approval offers the blood bank information systems market opportunity.

Impact of COVID-19 Pandemic on Blood Bank Information Systems Market Size

COVID-19 is an infectious disease that originated in Hubei province of the Wuhan city in China in late December. The highly contagious disease, caused by a virus, severe acute respiratory syndrome corona virus 2 (SARS-CoV-2), is transmitted from human to human. Since the outbreak in December 2019, the disease has spread to almost 213 countries around the globe with the World Health Organization declaring it a public health emergency on March 11, 2020.

The global outbreak of COVID-19 leads to an ongoing downturn of the blood bank information systems industry. Apart from communities, COVID-19 was equally disastrous for major world economies, especially the healthcare sector. Prominent stakeholders are continuing to adapt their strategies to the rapidly changing situation. COVID-19 is projected to have significant long-term impacts on the healthcare industry. Countries and major players would have to undertake critical healthcare changes until the crisis takes a back seat.

Technological progress, cost containment, and increased access are projected to be an integral part of healthcare reforms in the near future. Digital health and telehealth have taken a front seat in the ongoing outbreak. COVID-19 re-emphasized the importance of remote diagnosis, care, and consultation. Over the past few years, regulatory and behavioral barriers have slowed Telehealth growth. However, since many healthcare providers are currently working on video conferencing and telephone calls, the segment is anticipated to experience growth over the next two years. The social distancing measures also mandated online consultation of patients with moderate symptoms. In addition, it greatly reduced the burden on hospitals already swamped by counts of COVID-19 patients. Medical IoT devices that live at home with patients are now being used for optimizing outpatient treatment and minimizing repeat visits, and these devices can be further used in a crisis situation. The pandemic led to severe resource constraints. This is expected to result in the development of competitive pricing and value-based pricing models, which boosts the growth of the blood bank information systems market.

Overall, the COVID-19 has had a distinctly negative effect on blood bank information systems industry worldwide forcing blood banks, blood centers, and the government to adopt new policies to adapt to a decreased blood supply as well as to protect the donors from COVID-19. These policies can be seen distinctly in patient blood management and blood bank operations. Blood banks also faced issues with developing policies and procedures for a nontraditional therapy.

Blood Bank Information Systems Market Segmentation

The blood bank information systems market is segmented into Type, Application Type and End User. Depending on type, the market is classified into blood donor management module, blood bank transfusion service module, and others. By end user, the market is classified into hospitals and blood banks. Blood banks are further divided into private blood banks and public blood banks. According to application type, the market is segmented into web-based, and mobile based. Region wise, the market is analyzed across North America (the U.S., Canada, and Mexico), Europe (Germany, France, the UK, Italy, Spain, and rest of Europe), Asia-Pacific (Japan, China, Australia, India, South Korea, and rest of Asia-Pacific), and LAMEA (Brazil, South Africa, Saudi Arabia, and rest of LAMEA).

Market By Type Review

By type, the blood donor management module segment currently dominated the market in 2021 and is expected to continue during the blood bank information systems market forecast period, owing to blood data storage and efficient communication.

Blood Bank Information Systems Market
By Type

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The blood donor management module segment accounted for the highest market share in 2021 and is expected to remain dominant throughout the forecast period.

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Market By Application Type Review

By application type, 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 owing to increase in healthcare expenditure and technological advancements.

Blood Bank Information Systems Market
By Application Type

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The web-based segment accounted for the highest market share in 2021 and is expected to remain dominant throughout the forecast period.

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Market By End User Review

By end user, the hospital segment dominated the market in 2021, and this trend is expected to continue during the forecast period owing to increase in number of hospitals and increase in the rising number of blood donors and blood donations.

Blood Bank Information Systems Market
By End User

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The hospital segment accounted for the highest market share in 2021 and is expected to remain dominant throughout the forecast period.

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Market By Region review

By region, Europe accounted for the largest blood bank information systems market share in 2021 and is expected to retain its dominance throughout the forecast period. This is primarily attributed to increase in the number of market players in the region. However, Asia-Pacific region witnessed the fastest blood bank information systems market growth owing to rise in the awareness related to the blood bank information systems.

Blood Bank Information Systems Market
By Region

2031
Europe 
North America
Asia-pacific
Lamea

Europe accounted for the highest market share in 2021 and is expected to remain dominant throughout the forecast period.

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The major companies profiled in this report include Allscripts Healthcare, LLC, Cerner Corporation, CompuGroup Medical SE & Co. KGaA, Haemonetics Corporation, Hemosoft, Integrated Medical Systems, IT Synergistics, Roper Technologies, Inc., SCC Soft Computer, and WellSky.

Key Benefits For Stakeholders

  • This report provides a quantitative analysis of the market segments, current trends, estimations, and dynamics of the blood bank information systems market analysis from 2021 to 2031 to identify the prevailing blood bank information systems market opportunities.
  • The market research is offered along with information related to key drivers, restraints, and opportunities.
  • Porter's five forces analysis highlights the potency of buyers and suppliers to enable stakeholders make profit-oriented business decisions and strengthen their supplier-buyer network.
  • In-depth analysis of the blood bank information systems market segmentation assists to determine the prevailing market opportunities.
  • Major countries in each region are mapped according to their revenue contribution to the global market.
  • Market player positioning facilitates benchmarking and provides a clear understanding of the present position of the market players.
  • The report includes the analysis of the regional as well as global blood bank information systems market trends, key players, market segments, application areas, and market growth strategies.

Blood Bank Information Systems Market Report Highlights

Aspects Details
Market Size By 2031 USD 1.2 billion
Growth Rate CAGR of 7.8%
Forecast period 2021 - 2031
Report Pages 258
Type
  • Blood Donor Management Module
  • Blood Bank Transfusion Service Module
  • Others
Application Type
  • Web-based
  • Mobile based
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 Allscripts Healthcare Solutions, Inc., Cerner Corporation, CompuGroup Medical SE & Co. KGaA, Haemonetics Corporation, hemosoft it & training services inc., Integrated Medical Systems, it synergistics, Roper Technologies, Inc., scc soft computer, WellSky
 

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The adoption of new treatments is expected to increase due to increase in the prevalence of hematologic diseases. The blood bank information systems market is expected to witness high adoption in the near future, owing to increase in number of research and development activities by the market players across the globe. In addition, the market is exhibiting high growth rate, owing to surge in awareness about blood donations.

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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FREQUENTLY ASKED QUESTIONS?

A. The leading application of Blood Bank Information Systems Market is that it records and monitors all processes from blood donation to post-transfusion follow-up in adherence to international standards.

A. The estimated industry size of Blood Bank Information Systems is expected to be $1,184.2 million by 2031

A. The top companies profiled in the report include Allscripts Healthcare, LLC, Cerner Corporation, CompuGroup Medical SE & Co. KGaA, Haemonetics Corporation, Hemosoft, Integrated Medical Systems, IT Synergistics, Roper Technologies, Inc., SCC Soft Computer, WellSky.

A. The forecast period in the market report is from 2022 to 2031

A. The base year calculated in the Blood Bank Information Systems Market report is 2021.

A. Yes, the Blood Bank Information Systems Market report provides PORTER Analysis

A. The increase in healthcare expenditure, technological advancements in the systems, and increase in the prevalence of blood cancer are the key trends of Blood Bank Information Systems Market.

A. Europe is the largest regional market for Blood Bank Information Systems

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