Animal Blood & Blood Components Market

Animal Blood & Blood Components Market - By Product (Whole Blood, RBC, WBC, Platelet, Plasma), Animal (Large, Small), Application (Hemorrhage, Surgery, Cancer Treatment, Bleeding Disorders), End-User (Hospital, Blood Bank), Global Forecast (2023

Published Date: May - 2025 | Publisher: MIR | No of Pages: 240 | Industry: Animal Health and Nutrition | Format: Report available in PDF / Excel Format

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Animal Blood & Blood Components Market Size

Animal Blood & Blood Components Market size held a substantial market revenue of USD 122.4 million in 2022 and is set to demonstrate notable growth of 9.7% during the forecast period, reaching an estimated value of USD 292.8 million by 2032. Development of the market in the near future is mainly driven by an increased awareness of veterinary blood banking and blood transfusion services.

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This increased awareness has a substantial influence on driving market expansion. Moreover, the rising incidence of chronic illnesses in aging pets further contributes positively to the market progress.

Animal blood is a vital one in the transport of oxygen, nutrients, hormones, and waste products within an animal's body. Animal blood consists of a liquid component known as plasma, which contains proteins, electrolytes, and other dissolved materials, and cellular components such as red blood cells (erythrocytes), white blood cells (leukocytes), and platelets. The mixture of these separate components is known as blood components.
 

Animal Blood & Blood Components Market Report Attributes
Report Attribute Details
Base Year 2022
Animal Blood & Blood Components Market Size in 2022 USD 122.4 Million
Forecast Period 2023 to 2032
Forecast Period 2023 to 2032 CAGR 9.7%
2032 Value Projection USD 292.8 Million
Historical Data for 2018 to 2022
No. of Pages 225
Tables, Charts & Figures 437
Segments covered Product, Animal type, Application, End-user, and Region
Growth Drivers
  • Increasing awareness of veterinary blood banking and transfusion services
  • Increasing prevalence of chronic diseases in aging pets
  • Technological advancements in blood typing, cross-matching techniques, and storage methods
  • Increasing investments in research and development related to animal blood transfusions
  • Increasing companion animal ownership
  • Rising demand for pet insurance and growing animal health expenditure
Pitfalls & Challenges
  • Declining number of blood donations
  • Transfusion transmitted infection (TTI) related to donated blood

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COVID-19 Impact

The COVID-19 pandemic knocked the market for animal blood and similar items hard, putting up all kinds of hurdles for both obtaining it and working with it. The same as our own hospitals, the animal blood supply chain suffered significantly. Lockdowns, travel restrictions, and social distancing made it difficult to obtain, process, and transport blood products. This created shortages here and there, particularly in areas that had the pandemic quite badly. Such supply chain issues made it difficult for animal hospitals to access the blood products they required, which potentially harmed the animals that require them.

Animal Blood & Blood Components Market Trends

  • The increasing prevalence of chronic diseases in aging pets is a significant driving force behind the expanding utilization of animal blood and blood components. As pets age, they are more susceptible to various chronic health conditions such as kidney disease, cancer, and heart disease, which can necessitate advanced medical treatments.
  • For instance, pets with chronic kidney disease frequently develop anemia. In this scenario, blood transfusions, particularly packed red blood cells (PRBCs), become a crucial component of the treatment plan.

Furthermore, technological advancements have played a paramount role in reshaping the way blood typing, cross-matching techniques, and storage methods are employed in the veterinary field. These advancements have not only improved the quality and availability of blood products but have also expanded the potential applications, leading to a substantial expansion of the market.

  • Additionally, an increase in pet insurance coverage motivates pet owners to get their pets comprehensive healthcare services. This encompasses regular check-ups, expert treatments, and urgent medical care, all of which can involve blood transfusions.
  • Also, the growth of animal health spending is helping drive veterinary medicine advancements. For example, as per the American Pet Products Association, in 2022, USD 136.8 billion was spent by the U.S., out of which about USD 58.1 billion went on pet food, USD 31.5 billion went on supplies, live animals, and OTC medicine, USD 35.9 billion on vet care and product sales, and USD 11.4 billion went on other services.

Thus, the combined impact of rising pet insurance and increased animal health expenditure highlights the growing importance of animal blood and blood components in veterinary care.

Animal Blood & Blood Components Market Analysis

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By product, the market is segmented into whole blood and blood components. The blood components segment is further categorized into red blood cells, platelets, plasma and white blood cells. In 2022, the blood components segment emerged as the dominant, capturing the largest market share of 71.4%.

  • The robust growth of this segment can be attributed to its pivotal role in blood transfusions, particularly during the treatment of acute or chronic anemias. The utilization of blood components offers the advantage of minimizing the risk of over-transfusion in animals.
  • Further, they exhibit extended shelf lives compared to whole blood, providing veterinary clinics and hospitals with the capability to maintain a ready stock of blood components, ensuring their availability when needed. Thus, the ease of preservation and the prolonged shelf life of blood components are poised to accelerate the market share.

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By animal type, the animal blood & blood components market is segmented into small animals and large animals. The large animals segment dominated the market, holding a substantial market share and is poised to reach USD 167.4 million by 2032.

  • Large animals provide a source of blood for the creation of specialized blood components. For instance, horses are frequently used to produce hyperimmune plasma, which contains high levels of antibodies against specific diseases. This hyperimmune plasma can be used for the treatment of other animals, including foals, against those specific diseases.
  • Also, large animals are essential in the research and development of blood products. They serve as valuable subjects for studies and trials related to blood transfusions, blood component processing, and the development of new products or treatment methods.

Based on application, the animal blood & blood components market is segmented into anaemia, surgery, bleeding disorders, and other application. In 2022, anaemia segment held a significant market share and was valued at USD 59.5 million.

  • Anaemia, a condition marked by insufficient red blood cells or low haemoglobin levels in an animal's bloodstream, holds a crucial role in the application of animal blood and blood components. These products are instrumental in addressing anaemia in various ways.
  • Whole blood or packed red blood cells (PRBCs) are instrumental in addressing this condition through blood transfusions. Veterinary practice regularly witnesses a steady demand for these blood products as a result.

Based on end-user, the animal blood & blood components market is segmented into veterinary hospitals and clinics and veterinary blood banks. The veterinary hospitals and clinics segment witnessed the highest growth with a CAGR of 9.4% in 2022 and is expected to show segmental growth in the coming years.

  • Animal blood and blood components are at the forefront of the use and regulation of the same in veterinary clinics and hospitals. The hospitals and clinics are pivotal in a range of applications to ensure the availability and appropriate use of their life-saving components.
  • One of the most important functions of animal hospitals and veterinary clinics is to give blood transfusions to animals. It could be a pet with severe anemia, a surgical case, or a critically ill patient, but in all such cases, such professionals are trained to assess the status of the animal and administer the needed blood or blood component to meet the medical need of the animal.
  • Thus, veterinary clinics and hospitals are centers of focus for the safe administration, use, and application of animal blood and blood components and thus are crucial to the growth of the market.

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North America animal blood & blood components market dominated the overall market with 49.3% market proportion in 2022 and is anticipated to grow with a CAGR of 9.9% over the forecast period.

  • In North America, the market for animal blood and blood components is robust and continually expanding. The region benefits from a well-established and advanced veterinary healthcare sector, contributing to the market's substantial size and steady growth.
  • Moreover, North America boasts a comprehensive network of veterinary blood banks and specialized centers, further enhancing the accessibility and availability of animal blood and its components.

Animal Blood & Blood Components Market Share

The animal blood & blood components industry comprises significant players such as Royal Veterinary College (RVC), University of Florida Veterinary Hospitals, University of Pennsylvania Ryan Veterinary Hospital, Animal Blood Resources International, and Blue Ridge Veterinary Blood Bank. These institutes provide a wide range of products and services for both small and large animals including whole blood, plasma, red blood cells, platelets, and white blood cells. This competitive landscape is driven by a commitment to innovation, research, and quality assurance, all of which play a pivotal role in meeting the growing demand for animal blood products.

Market players operating in the animal blood & blood components industry is as mentioned below

  • The Animal Medical Center (AMC)
  • Animal Blood Resources International
  • Blue Ridge Veterinary Blood Bank
  • University of California Davis (UC Davis) Veterinary Medical Teaching Hospital
  • Cornell University College of Veterinary Medicine
  • University of Pennsylvania Ryan Veterinary Hospital
  • University of Florida Veterinary Hospitals
  • Royal Veterinary College (RVC)
  • Veterinary Medical Center of the University of Tokyo
  • Japan Animal Referral Medical Center (JARMeC)

Animal Blood & Blood Components Industry News

  • In July 2018, Royal Veterinary Hospital acquired Acorn House Veterinary Hospital. It offered a comprehensive range of veterinary services within its specialist modern facilities. 

The animal blood & blood components market research report includes an in-depth coverage of the industry with estimates & forecast in terms of revenue in USD from 2018 to 2032, for the following segments

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By Product, 2018 – 2032 (USD Million)

  • Blood components
    • Plasma
    • Red Blood Cells
    • Platelets
    • White Blood Cells
  • Whole blood

By Animal Type, 2018 – 2032 (USD Million)

  • Large animals
    • Cattles
    • Horses
    • Other large animals
  • Small animals
  • Dogs
  • Cats
  • Other small animals

By Application, 2018 – 2032 (USD Million)

  • Anemia
  • Surgery
  • Bleeding disorders
  • Other applications

By End-user, 2018 – 2032 (USD Million)

  • Veterinary hospitals and clinics
  • Veterinary blood banks

The above information is provided for the following regions and countries

  • North America
    • U.S.
    • Canada
  • Europe
    • Germany
    • UK
    • France
    • Spain
    • Italy
    • Rest of Europe
  • Asia Pacific
    • Japan
    • China
    • India
    • Australia
    • Rest of Asia Pacific
  • Latin America
    • Brazil
    • Mexico
    • Argentina
    • Rest of Latin America
  • Middle East & Africa
    • South Africa
    • Saudi Arabia
    • Rest of MEA

 

Related Reports

Table of Content

  1. Executive Summary
    1.1 Market Overview
    1.2 Key Findings
    1.3 Market Snapshot
    1.4 Strategic Insights

  2. Market Introduction
    2.1 Definition and Scope
    2.2 Research Methodology
    2.3 Market Segmentation Overview

  3. Market Dynamics
    3.1 Market Drivers
    3.2 Market Restraints
    3.3 Market Opportunities
    3.4 Industry Challenges
    3.5 Regulatory Landscape

  4. Animal Blood & Blood Components Market – By Product Type
    4.1 Whole Blood
    4.2 Plasma
    4.3 Serum
    4.4 Red Blood Cells
    4.5 Platelets
    4.6 Others

  5. Animal Blood & Blood Components Market – By Source
    5.1 Bovine
    5.2 Porcine
    5.3 Ovine
    5.4 Others

  6. Animal Blood & Blood Components Market – By Application
    6.1 Veterinary Diagnostics
    6.2 Animal Pharmaceuticals
    6.3 Animal Nutrition
    6.4 Research & Development
    6.5 Others

  7. Animal Blood & Blood Components Market – By End User
    7.1 Veterinary Hospitals & Clinics
    7.2 Research Institutes
    7.3 Diagnostic Laboratories
    7.4 Pharmaceutical Companies

  8. Regional Analysis
    8.1 North America
    8.2 Europe
    8.3 Asia-Pacific
    8.4 Latin America
    8.5 Middle East & Africa

  9. Competitive Landscape
    9.1 Market Share Analysis
    9.2 Company Profiles
    9.3 Strategic Developments
    9.4 Mergers & Acquisitions

  10. Future Outlook & Market Forecast (2025–2030)
    10.1 Market Projections
    10.2 Emerging Trends
    10.3 Strategic Recommendations

  11. Appendix
    11.1 Glossary of Terms
    11.2 Assumptions & Limitations
    11.3 Data Sources

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