Steady pulse: An aging population will drive demand despite more-efficient medical technology

Operators in the Blood and Organ Banks industry grapple with steadily rising demand for organs and blood. Each year, there is a shortage of organs for needed for life-saving transplants. Despite high demand for certain organs and blood products, revenue hinges on donations. Consequently, due to decreasing demand and supply constraints, industry revenue is expected to stagnate over the five years to 2017. Over the five years to 2022, revenue is expected to slowly grow. Medical research is expected to drive demand for blood products as national institutes develop vaccines for global epidemics such as the Zika virus...purchase to read more.

Industry Statistics & Market Size
Annual Growth 12-17
Forecast Growth 17-22

Industry Threats & Opportunities

  • A fast-growing elderly population will contribute to higher demand for blood and organs
  • Lack of organ donations is another prevalent problem for the industry
  • Industry services are poised to benefit from new procedures and technologies
  • Industry Report - Industry Locations Chapter

    The location of industry establishments and activity largely reflects the size and age distribution of the population, birth rates and household incomes. Establishments are primarily concentrated in areas with high elderly populations. As a result, Florida accounts for 9.8% of total establishments, followed by California (9.6%), Texas (7.7%), Pennsylvania (4.4%) and New York (4.3%). Establishments are concentrated in the Southeast region (28.7%), followed by the West (15.0%) and Great Lakes (14.2%) regions. According to 2013 data (latest available) from the US Department of Health and Human Services (HHS), an estimated 61.0% of individuals 65 and older are located in California, Florida, New York, Texas, Pennsylvania, among a handful of other states...purchase to read more.

    Additional Insights for the Blood & Organ Banks Industry

    IBISWorld identifies 250 Key Success Factors for a business.The most important for the Blood & Organ Banks Industry are

  • Access to volunteer labor
  • Proximity to key suppliers
  • Understanding government policies and their implications
  • IBISWorld analysts also discuss how external factors such as Consumer Confidence Index and Demand from medical instrument and supply manufacturing in the Blood & Organ Banks industry impact industry performance..

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    What's in this report

    What is the Blood & Organ Banks Industry?

    This industry includes companies that primarily collect, store and distribute human blood, blood products and human organs.

    Industry Products
  • Red blood cell collection, processing, and distribution services
  • Blood plasma collection, processing, and distribution services
  • Organ bank services
  • Tissue bank services
  • Health screening services (excluding health practitioners)
  • All other human blood services
  • Reproductive and stem cell bank services
  • Industry Activities
  • Collecting blood
  • Storing blood
  • Distributing blood
  • Storing organs
  • Distributing organs
  • Researching storage technologies
  • Reproducing tissues
  • Table of Contents

    Industry Definition
    Main Activities
    Similar Industries
    Additional Resources
    Industry Statistics Snapshot
    Industry Structure
    Executive Summary
    Executive Summary
    Key External Drivers
  • Consumer Confidence Index
  • Demand from medical instrument and supply manufacturing
  • Number of people with private health insurance
  • Number of adults aged 50 and older
  • Number of physician visits
  • Private investment in computers and software

  • Current Performance
  • Decreasing demand for blood
  • Lack of donations hinders revenue
  • Black market on the rise
  • Crises increase donations
  • Chart: Revenue Growth

  • Industry Outlook
  • Increased outreach efforts
  • New technology provides opportunities and threats
  • Research drives demand
  • Table: Blood & Organ Banks Industry Revenue Outlook

  • Industry Life Cycle
  • Life cycle reasons
  • Chart: Benchmarking - Blood & Organ Banks Industry Lifecycle vs The Economy

  • Supply Chains
    Key Buying Industries
  • Brand Name Pharmaceutical Manufacturing
  • Generic Pharmaceutical Manufacturing
  • Diagnostic & Medical Laboratories
  • Hospitals
  • Specialty Hospitals
  • Natural Disaster & Emergency Relief Services

  • Key Selling Industries
  • Hospitals
  • Medical Instrument & Supply Manufacturing
  • Metal Tank Manufacturing

  • Products & Services
  • Other
  • Red blood cell collection, processing, and distribution services
  • Blood plasma collection, processing, and distribution services
  • Health screening services (excluding health practitioners)
  • Organ bank services
  • Tissue bank services
  • All other human blood services
  • Reproductive and stem cell bank services
  • Chart: Blood & Organ Banks Industry Products and Services Segmentation

  • Demand Determinants
  • Disasters and other factors
  • Healthcare innovations

  • Major Markets
  • Other patient care revenue
  • Government insurers
  • Private insurers
  • Patient out-of-pocket: payments from patients and their families
  • Patient out-of-pocket: patients assigned Social Security benefits
  • Chart: Major Market Segmentation for the Blood & Organ Banks Industry

  • International Trade
    Business Locations
    Chart: Business Locations by State
    Market Share Concentration
    Key Success Factors
    Cost Structure Benchmarks
  • Profit
  • Wages
  • Purchase costs
  • Other costs
  • Chart: Cost Structure Benchmarking – Sector vs Blood & Organ Banks

  • Basis of Competition
  • Internal competition
  • External competition

  • Barriers to Entry
  • Table: Barrier to Entry Checklist for the Blood & Organ Banks Industry

  • Industry Globalization
    American Red Cross, Blood Systems,
  • Table: American Red Cross - financial performance
  • Table: Blood Systems - financial performance

  • Capital Intensity
  • Chart: Level of Capital Intensity for the Blood & Organ Banks Industry
  • Chart: Tools of the Trade: Growth Strategies for Success

  • Technology & Systems
    Revenue Volatility
  • Chart: Volatility vs Industry Growth

  • Regulation & Policy
    Industry Assistance
    Table: Industry Data for the Blood & Organ Banks Industry
  • Industry Revenue (2008-2022)
  • Industry Gross Product (2008-2022)
  • Establishments (2008-2022)
  • Businesses (2008-2022)
  • Employment (2008-2022)
  • Wages (2008-2022)
  • Government funding for universities (2008-2022)

  • Table: Annual Percentage Change for Key Industry Data
    Table: Key Ratios for Industry Key Data
    Table: Industry Financial Ratios
    Organ Procurement Organization
  • An organization responsible for coordinating organ and tissue donations at hospitals throughout the United States.
  • Plasma
  • The fluid part of blood (makes up about 57.0% of whole blood) that consists primarily of water and proteins and helps the body control bleeding and infection.
  • Platelet
  • A minute disk that circulates in the blood and is involved in hemostasis, leading to the formation of blood clots.
  • Whole Blood
  • A term used in transfusion medicine for human blood from a standard blood donation.
  • What Our Customers Say

    Why buy this report?

    IBISWorld’s industry research report on Blood & Organ Banks can be used to help you understand the industry’s market size, growth potential and major companies. Five-year forecasts provide insight into the industry’s prospects, so you can make decisions with confidence. This information is perfectly suited to informing your business plans, pitch books, benchmarking and SWOT analysis.

    IBISWorld industry market research reports enable you to:
    • Find out about key industry trends
    • Identify threats and opportunities
    • Inform your decisions for marketing, strategy and planning
    • Quickly build competitive intelligence
    This report on Blood & Organ Banks:
    • Provides Market Size information to assist with planning and strategic decisions.
    • Includes the necessary information to perform SWOT, PEST and STEER analysis.
    • Helps you understand market dynamics to give you a deeper understanding of industry competition and the supply chain.
    • Analyses key performance and operational metrics so that you can benchmark against your own business, that of your customers’ businesses, or your competitors’ businesses.
    The Blood & Organ Banks market research report includes:
    • Historical data and analysis for the key drivers of this industry
    • A five-year forecast of the market and noted trends
    • Detailed research and segmentation for the main products and markets
    • An assessment of the competitive landscape and market shares for major companies
    • And of course, much more

    IBISWorld reports on thousands of industries around the world. Our clients rely on our information and data to stay up-to-date on industry trends across all industries. With this IBISWorld Industry Research Report on Blood & Organ Banks, you can expect thoroughly researched, reliable and current information that will help you to make faster, better business decisions.

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