According to a report, global blood transfusion diagnostics market was valued at approximately USD 3.60 billion in 2017 and is expected to reach around USD 5.33 billion by 2024, growing at a CAGR (Compound Annual Growth Rate) of 6.2 % between 2018 and 2024.
The blood bank business falls under the Blood and Organ Bank industry and this industry is made up of medical facilities that primarily collect, store and distribute; legally, human blood, blood products and human organs.
This paper will attempt to examine the benefits of Intellectual Property to Blood Bank Operations as a whole.
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