Overview

Blood Processing Equipment Market Introduction

The global blood processing equipment market is assessed to value over US$ 51 billion by the end of 2028 and expand at a CAGR of over 5.8% during the forecast period of 2021-2028.

The collection and processing of the entire blood sample is done using an automated blood processing equipment. The main purpose of using the whole blood sample is it can be used as source material for preparing blood components like White Blood Cells (WBC), Red Blood Cells (RBC), plasma platelets etc. It converts the entire blood sample into various components, mostly used for purposes like a blood transfusion. Key benefits of using automated blood processing equipment are shortening of the blood processing time by reduction of power and minimal contamination due to reduced human intervention. It also helps the blood banks and hospitals to enhance lab efficiency by optimizing throughput without burdening the lab. Automated blood processing, therefore, offers quick and efficient patient care due to all these factors. Other advantages of using this equipment are a reduction in the timings of emergency rooms as results obtained are obtained in no time and are reliable as well which is better than the traditional blood processing equipment.

Blood Processing Equipment Market Overview:

Changing lifestyles pattern among the general population tend to impact the quality of life and increased prevalence of metabolic diseases. Rising prevalence of metabolic diseases and growing traumatic injuries created a huge demand for blood transfusion and processing equipments. Further, the rising importance of processing equipment in the prevention of diseases transmissions boosted the growth. Processing equipments are an irreplaceable diagnostic tool for the prevention of infectious diseases which can directly affect the quality of life of individuals. Technological advancements have significantly improved the traditional equipment and led to the development of multiple modality equipments. Additional, changing government policies to encourage companies to advance the research programs by providing tax benefits and incentives led to robust growth of the market.

Asia Pacific region dominated the global market due to the high prevalence of metabolic diseases and traumatic injuries. It is majorly dominated by China, Japan, and India due to the huge demand of processing equipment among the end user segment. It is followed by developed economies like North America and Europe regions. Both these regions are expected to witness slow growth rate due to market maturation with major players. Latin America and Rest of World is fast growing regions due to increasing adoption and changing government policies. They are expected to remain the same throughout the forecast period.

Blood Processing Equipment market players include
SARSTEDT AG & Co. KG, Becton Dickinson, Medtronic, Terumo Corp, Greiner Bio-One International GmbH and others.

Blood Processing Equipment Market Segmentation:

By Product Type

Blood Bank Freezers/Refrigerators
Blood Cell Processors
Haematocrit Centrifuges
Blood collection consumables and supplies

By End User

Hospitals
Blood Banks
Blood Component Suppliers
Clinics
Outpatient Centres

By Region

North America
Latin America
Europe
Asia Pacific
Rest of the World

Competitive Landscape:

Tier 1 players- established companies in the market with a major market share
Tier 2 players
Emerging players which are growing rapidly
New Entrants

FutureWise Key Takeaways:

Growth prospects
SWOT analysis
Key trends
Key data-points affecting market growth

Objectives of the Study:

To provide with an exhaustive analysis on the global Blood Processing Equipment Market by Product Type, by End-User, by Region
To cater comprehensive information on factors impacting market growth (drivers, restraints, opportunities, and industry-specific restraints)
To evaluate and forecast micro-markets and the overall market
To predict the market size, in key regions (along with countries)—North America, Europe, Asia Pacific, Latin America, and the Middle East
To record evaluate and competitive landscape mapping- product launches, technological advancements, mergers and expansions
Profiling of companies to evaluate their market shares, strategies, financials and core competencies.