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November 18, 2013
By: Michael Barbella
Blood and tissue backing are big business. The per-unit cost of blood contributes $522-$1,183 to each surgery where it is needed, warranting improved conservation and cost containment strategies.1 According to IBISWorld Market Research, the combined blood and tissue banking industry grosses $9.5 billion annually.2 Demand for blood products will continue to increase as will technological advances driven by industry. Growth is expected through 2017, advanced by healthcare reform, an aging population, and the growing frequency and global awareness of manmade or natural disasters.
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