Rising number of blood transfusion procedures and increasing cases of infectious diseases to drive global blood processing devices and consumables market
According to TechSci Research report, “Global Blood Processing Devices and Consumables Market By Product (Devices, Consumables), By Usage (Red Blood Cells, Plasma, Platelets), By End User (Blood Banks, Hospitals, Clinics), By Region, Forecast & Opportunities, 2025” the market is expected to witness significant rate of growth during the forecast period owing to factors such as rising prevalence of infectious diseases and surge in surgical treatments where blood transfusion is needed, increasing geriatric population prone to various medical conditions requiring a blood transfusion, etc. Additionally, increasing research and development activities in regenerative medicine and cell therapies is also expected to fuel demand for blood processing devices and consumables in the coming years.
With the increase in number of hospitals and blood banks globally and rising demand for organ transplantation and steam cell therapies, the global blood processing devices and consumables market is expected to grow further in the coming years. The requirement of blood from blood donors and blood banks increases particularly during surgical procedures, thereby fueling the requirement for blood processing and consumable devices to collect and process it. Also, introduction of new devices and them being user-friendly, is expected to contribute towards the market growth of blood processing devices and consumables until 2025. The presence of favorable reimbursement policies and their effect on hospitals’ and surgical processes’ operational guidelines is expected to boost the market growth.
However, the global blood processing devices and consumables market might also face some restraints in its growth. High manufacturing cost and fluctuating raw material prices might hamper the growth of global blood processing devices and consumables market. In addition, stringent government regulation is another factor that might impact the overall growth of this market.
Browse XX market data Tables and XX Figures spread through XXX Pages and an in-depth TOC on " Global Blood Processing Devices and Consumables Market"
The global blood processing devices and consumables market is segmented based on product, usage, end user and region. Based on product, the market is segmented into devices and consumables. The devices segment is further segmented into blood bag centrifuge, plasma extractor, automated blood processing machine, freezer (low temperature and plasma snap), refrigerator and others. The consumables segment is divided into blood bag, reagents, filters, sealers, blood collection tube, blood dispenser, pipette tip, syringe tip and others. Among the two, the devices segment accounts for largest market share owing to inherently capital-intensive nature of equipment for these technologies and their pivotal role in almost all forms of R&D projects implemented in the industry.
Based on end-user, the global blood processing devices and consumables market is segmented into blood banks, hospitals and clinics. Blood banks hold the largest market share as they witness high demand for blood processing devices and consumables for blood collection and donation.
Beckman Coulter, Inc., Thermogenesis Holdings, Inc., Haemonetics Corporation, Maco Pharma International GmbH , Polymed Holding AG, Immucor, Inc., Becton, Dickinson and Company, Fresenius SE & Co KGaA, Neomedic Limited, Teleflex Incorporated, Bio-Rad Laboratories, Inc., Grifols, S.A., Abbott Laboratories, Global Scientific Company, Sigma Laborzentrifugen GmbH, Terumo BCT, Inc, BioMerieux SA, Poly Medicure Ltd., Troge Medical GmbH and Thermo Fisher Scientific, Inc. are some of the leading players operating in global blood processing devices and consumables market. Key blood processing devices and consumables manufacturers are focusing on development of their product portfolios to mark their strong presence in the blood processing devices and consumables market globally.
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“The World Health Organization (WHO) date reveals that around 112.5 million units of donated blood is collected around the world every year. This clearly shows surge in the demand for blood processing devices and consumables. Growth in cases of infectious diseases, and recent outbreak of novel coronavirus are expected to further accelerate the demand for these products. Manufacturers need to focus on increasing the productivity and cost-efficient products to make a strong presence in the global blood processing devices and consumables market”, said Mr. Karan Chechi, Research Director with TechSci Research, a research based global management consulting firm.
“Global Blood Processing Devices and Consumables Market By Product (Devices, Consumables), By Usage (Red Blood Cells, Plasma, Platelets), By End User (Blood Banks, Hospitals, Clinics), By Region, Forecast & Opportunities, 2025” has evaluated the future growth potential of global blood processing devices and consumables market and provides statistics & information on market size, structure and future market growth. The report intends to provide cutting-edge market intelligence and help decision makers take sound investment decisions. Besides, the report also identifies and analyzes the emerging trends along with essential drivers, challenges and opportunities in global blood processing devices and consumables market.
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