2023 U.S. Industry Statistics & Market Forecast - Blood & Organ Banks

Published: December 2023

Industry Insights

The Blood & Organ Banks industry is witnessing several key trends that are transforming the healthcare landscape. Firstly, the industry is moving towards more efficient and streamlined processes, aided by advanced technologies such as robotic automation, artificial intelligence, and the internet of things. This trend is aimed at improving the speed and accuracy of diagnoses, facilitating personalized treatments, and enhancing the overall quality of care for patients.

Secondly, there is a growing trend towards personalized medicine, which involves the use of genetic information to tailor treatments to individual patients. This trend is expected to generate substantial demand for blood and organ banks, as genetic information can be used to match organs and blood products with patients, thereby reducing the risk of complications and rejection.

Thirdly, there is an increased focus on patient safety, which is driving stricter regulation and oversight of the industry. This has led to the adoption of new standards for blood and organ banking, as well as a focus on quality control and continuous improvement.

Finally, there is a growing awareness of the need for diversity in organ and blood donors. This trend is expected to drive increased diversity in donor populations, as well as the development of new technologies and processes to expand the availability of organs and blood products. Overall, these trends are likely to have a significant impact on the Blood & Organ Banks industry, driving innovation, growth, and improved patient outcomes.

Product & Services Breakdown

Research products and services in the Blood & Organ Banks industry generating sales. Note that products are broken into categories with different levels of classification.

Product Description	Number of Companies	Sales ($ millions)	Percent of Total Sales
Industry Total
Human Blood Services
Human Red Blood Cell (Erythrocytes) Collection, Processing, And Distribution Services
Human Blood Plasma Collection, Processing, And Distribution Services
All Other Human Blood Services
Human Organ, Tissue, And Cell Bank Services
Human - Organ Bank Services
Human - Tissue Bank Services
Human - Reproductive And Stem Cell Bank Services

U.S. Geographic Distribution: Revenue Statistics by State

Market Size by State ($ millions) indicates how the industry's competition is distributed throughout the country. State-level information can identify areas with higher and lower industry market share than average.

Income Statement (Average Financial Metrics)

Financial metrics provide a snapshot view of a benchmark "average" company. Key business metrics show revenue and operating costs. The data collected covers both public and private companies.

	Industry Average	Percent of Sales (Industry Benchmark)
Total Revenue	Order at top of page
Operating Revenue
Cost of Goods Sold
Gross Profit
Operating Expenses
Pension, profit sharing plans, stock, annuity
Repairs
Rent paid on business property
Charitable Contributions
Depletion
Domestic production activities deduction
Advertising
Compensation of officers
Salaries and wages
Employee benefit programs
Taxes and Licenses
Bad Debts
Depreciation
Amortization
Other Operating Expenses
Total Operating Expenses
Operating Income
Non-Operating Income
EBIT (Earnings Before Interest and Taxes)
Interest Expense
Earnings Before Taxes
Income Tax
Net Profit Net Income

Source: AnythingResearch Analysis of U.S. federal statistics

Compensation & Salary Surveys for Employees

Compensation statistics provides an accurate assessment of industry-specific jobs and national salary averages. This information can be used to identify which positions are most common, and high, low, and average annual wages.

Title	Percent of Workforce	Bottom Quartile	Average (Median) Salary	Upper Quartile
Management Occupations	9%	Order at top of page
Chief Executives	0%
General and Operations Managers	2%
Business and Financial Operations Occupations	7%
Business Operations Specialists	6%
Healthcare Practitioners and Technical Occupations	30%
Healthcare Diagnosing or Treating Practitioners	13%
Registered Nurses	9%
Registered Nurses	9%
Health Technologists and Technicians	16%
Clinical Laboratory Technologists and Technicians	7%
Healthcare Support Occupations	24%
Other Healthcare Support Occupations	21%
Miscellaneous Healthcare Support Occupations	21%
Phlebotomists	13%
Office and Administrative Support Occupations	18%
Information and Record Clerks	7%

Source: Bureau of Labor Statistics

Blood & Organ Banks Competitor Landscape & Key Companies [PREMIUM]

The most influential companies in the Blood & Organ Banks industry and adjacent industries either have large market share or are developing new business models and methods that could disrupt the status quo. We look at leading and emerging companies in the Blood & Organ Banks industry and adjacent sectors:

Market Leaders: Direct Competitors Companies with the largest market share, focused in this industry	Market leaders: Diversified Competitors Largest companies that have diversified operations in this and other industries
Innovators: Direct Competitors Innovative, Emerging, and Disruptive Companies that may influence the future direction of the industry.	Innovators: Diversified Competitors Innovators and Disruptors in adjacent industries that may also affect the Blood & Organ Banks industry.

Government Contracts

In 2022, the federal government spent a total of $362,535,253 on Blood & Organ Banks. It has awarded 521 contracts to 91 companies, with an average value of $3,983,904 per company.   

Most Recent Contracts	Date	Total Award Amount
UNIVERSITY OF PITTSBURGH, THE 4200 5th Ave Pittsburgh, PA	Jun 28, 2023	$148,800