Blood Collection and Transfusion Devices Market to Value over $ 8 Bn by 2026 End

  • 14 Apr 2019

The global blood collection and transfusion devices market is poised to value over $8 billion by 2026 end with an impressive CAGR of 5.3% during the forecast period 2019-2026.

Rise in the number of trauma cases, increase in the number of surgical procedures, rising blood disorders like cancer, aplastic anaemia, sickle cell anaemia, an ageing population, etc. Advancement in technology, feasible blood transfusion devices, is few of the factors facilitating the easy blood transfusion when extremely required. 
Due to all the above factors, blood collection and transfusion devices market is flourishing at stead-fast speed in both developed and developing economies. Additionally, the strict regulatory norms are shaping the robust growth patterns of this market.


Global Blood Collection and Transfusion Devices Market, by Product Type
•    Blood Collection Tubes 
•    Needles & Syringes
•    Vacuum Blood Collection System
•    Non-vacuum Blood Collection System 
•    Microfluidic devices 
•    Blood collection & Storage Bags 

Global Blood Collection and Transfusion Devices Market, by Blood Component 
•    Whole Blood
•    Plasma
•    RBC
•    Others 

The whole blood is rarely used in direct medical treatments as patients may only need components like plasma, platelets, or red blood cells for recovery from surgery/casualties and chronic diseases. As stated by the Red Cross, approximately 36,000 units of red blood cells, nearly 7,000 units of platelets and 10,000 units of plasma are needed every day in the U.S. alone. Hence the focus would be on providing red blood cells and plasma to cater to the over-scrupulous demand. 
Approvals required for blood component separation and rapid use of minimally invasive technology that merely relies on blood transfusion are major restraints expected to limit to the blood collection and transfusion devices market growth.


Global Blood Collection and Transfusion Devices Market, by End-User
•    Hospitals
•    Blood Banks
•    Cord Blood Banks
•    Medical Institutes
•    Community Health Centres
•    Clinics
•    Ambulatory Centres 
Blood Banks are the dominant segment when it comes to end-users of global blood collection and transfusion devices market. The rise in automation of blood banks and an increase in the number of blood banks worldwide is expected to positively stimulate the blood collection and transfusion devices market in the near future. Hospitals rank at second place in terms of the whole market share and are expected to grow at attractive CAGR for years to come.


Global Blood Collection and Transfusion Devices Market, by Region:  
•    Europe  
•    North America  
•    APAC  
•    Latin America 
•    Rest of 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 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 collection and transfusion devices market, by blood component type, by product type, by end-user, and 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  

 

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