Dr. Stephen Withers has learned a lot about the economics of blood over the past few years.
Blood donations dried up during the COVID-19 pandemic. In June 2022, Canadian Blood Services reported that the nation’s blood supply was critically low. Shortages also struck the U.S., Australia, much of Africa, and many other countries. Meanwhile, the global blood and blood components market is booming — to the tune of $37.18 billion in 2022, according to market reports.
