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Blood & Organ Banks in the US - Industry Market Research Report

Blood & Organ Banks in the US - Industry Market Research Report

  • August 2021
  • 42 pages
  • ID: 732982
  • Format: PDF
  • Ibisworld


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Pumping iron: Industry operators are expected to increase donation campaign efforts to meet high demand


Blood & Organ Banks in the US

The Blood and Organ Banks industry has a low to moderate level market share concentration. In 2019, the top five players are estimated to account for less than 40.0% of industry revenue. The American Red Cross supplies the largest amount of whole blood and components, nearly half the national blood supply, according to the organization. A small number of hospitals collect blood for their own use, and the American Services Blood Program collects blood to meet the military’s needs. The other large players in the industry are Vitalant, Musculoskeletal Transplant Foundation, New York Blood Center and OneBlood. Blood banking and organi, tissue and bone marrow banking are the main product lines in this industry.

Industry leaders explained

American Red Cross is the first civilian blood service in the United States after World War II and remains the industry leader. Vitalant is an internationally known leader in blood banking and has worked in the field of transfusion medicine for more than 70 years. None of the large players in this industry are run by a parent company.

Vitalant expands blood center network

· Over the five years to 2019, Vitalant has significantly expanded by adding new blood centers to increase its collection capabilities. In 2014, Vitalant (then Blood Systems) added two new centers, which include Bonfils Blood Center in Denver and LifeStream in Los Angeles. In 2015, four additional blood centers joined the network, including LifeShare in Ohio, Community Blood Services in New Jersey, Lifeblood in Tennessee and BloodSource in California. In 2016, five more leading blood centers became a part of the organization. Through a series of small and large acquisitions, Vitalant has continued to grow into one of the largest blood service and transfusion providers in the country.

Competition revolves around quality
· In the healthcare sector, quality is typically one of the most important competitive factors. Blood and organ collection and storage is a sensitive process that involves skilled labor and well-developed technology. It is critical for blood and organ banks to ensure quality and provide low risk for product-related disease or infection. Many nonprofit industry operators also rely on establishing a good reputation, particularly by ensuring donators that a high percentage of contributions are directly allocated toward saving lives. Industry operators often use mobile units to increase individuals’ accessibility to blood banks, thus making donations more convenient for time-strapped individuals. Additionally, vertical and horizontal integration in some segments can also boost competitiveness.

The Blood and Organ Banks industry includes companies that primarily collect, store and distribute human blood, blood products and human organs.

This report covers the scope, size, disposition and growth of the industry including the key sensitivities and success factors. Also included are five year industry forecasts, growth rates and an analysis of the industry key players and their market shares.

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