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

IBISWorld’s Blood & Organ Banks market research report provides the latest industry statistics and industry trends, allowing you to identify the products and customers driving revenue growth and profitability. The industry report identifies the leading companies and offers strategic industry analysis of the key factors influencing the market.


Industry Threats & Opportunities

  • A fast-growing elderly population will contribute to higher demand for blood and organs
  • Technology has increased the success rate of organ transplants, boosting demand for donor organs
  • Demand for high-margin services, like cord blood banking, will increase, boosting profit margins

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    Industry Analysis & Industry Trends

    Demand for blood and organ transplants in the United States has consistently been on the rise, with patient need in many cases exceeding the capacity of the Blood and Organ Banks industry. Nevertheless, the industry has contended with several challenges during the past five years, including the high labor intensity of matching donors to recipients and a sharp decline in private donations in the wake of the recession. Still, as private health insurance coverage rates increase in the coming five years, revenue will grow, though margins at for-profit operators are expected to shrink as increasingly consolidated hospitals gain greater leverage in negotiations. Steady demand for organ donations, particularly kidneys, will be a primary driver of growth in the industry...

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    Industry Report - Industry Investment Chapter

    This industry has a low level of capital intensity, but the level varies slightly by product segment. In 2016, for every dollar spent on labor, the industry incurs an estimated $0.07 in capital costs. Depreciation is expected to make up 2.6% of total revenue, compared with 36.4% of industry revenue allocated toward wages. The need for labor is even higher than the wage figure indicates, because the availability of volunteer, unpaid labor for nonprofit organizations reduces overall labor costs for the industry. Blood banking programs are labor intensive because they require significant recruitment, collection, inventory management and distribution efforts that require human input.


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    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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    Industry Products

    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

    About this Industry
    Industry Definition
    Main Activities
    Similar Industries
    Additional Resources
    Industry at a Glance
    Industry Statistics Snapshot
    Industry Structure
    Executive Summary
    Industry Performance
    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
  • Table: Blood & Organ Banks Industry Revenue Outlook

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

  • Products & Markets
    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
  • 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
    Competitive Landscape
    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
    Major Companies
    The American Red CrossBlood Systems
  • Table: The American Red Cross - financial performance
  • Table: Blood Systems - financial performance

  • Operating Conditions
    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
    Key Statistics
    Table: Industry Data for the Blood & Organ Banks Industry
  • Industry Revenue (2007-2021)
  • Industry Gross Product (2007-2021)
  • Establishments (2007-2021)
  • Businesses (2007-2021)
  • Employment (2007-2021)
  • Wages (2007-2021)
  • Number of people with private health insurance (2007-2021)

  • Table: Annual Percentage Change for Key Industry Data
    Table: Key Ratios for Industry Key Data
    Table: Industry Financial Ratios
    Jargon & Glossary
    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.
  • Why buy this report?

    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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