Albany, NY -- (SBWire) -- 08/03/2018 --Global Blood Processing Devices and Consumables Market: Overview
Blood processing devices and consumables are extensively used in the storage, processing, and management of donated blood. Blood storage and extraction devices such as blood bags, lancets, freezers, and refrigerators are used for the storage of large-scale blood for prolonged periods of time. Devices and consumables such as cell processors, various laboratory equipment, and hematology reagents, are typically used to examine the donated blood for the presence of a variety of hematological abnormalities and blood-borne diseases before it could be used for someone else. Nearly 70 mn units of donated blood is transfused every year in some of the world's developed economies only, highlighting the importance of blood processing.
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This report on the global blood processing devices and consumables market presents a detailed, segment-wise analysis of the market's present growth dynamics. The report also includes historical statistics charting the growth trajectory of the market to its present value, past and present trends expected to have a significant impact on the market's future growth prospects, and growth estimations for the market over the period between 2016 and 2024.
Global Blood Processing Devices and Consumables Market: Segmentation
For the study, the market has been segmented on the basis of three broad criteria: blood processing devices, blood processing consumables, and geography. On the basis of blood processing devices, the market is segmented into blood cell processors, blood bank freezers and refrigerators, hematocrit centrifuges blood warmers, and blood grouping analyzers. The segment of consumables include lancets, coagulation and blood grouping reagents, blood filters, vials, blood collection tubes and needles, test tubes, microscopic slides and strainers, blood administration sets, blood bags, sedimentation tubes, and hematology reagents.
From a geographic standpoint, the report presents an analytical overview of the market across regions such as North America, Asia Pacific, Europe, and Middle East and Africa. Of these, North America presently holds the dominant position owing to developed healthcare infrastructure, an encouraging medical reimbursement scenario, and highly aware patients. The high disposable incomes and the continuously rising prevalence of a number of diseases requiring surgeries and blood transfusions are also key factors driving the blood processing devices and consumables market in North America.
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Global Blood Processing Devices and Consumables Market: Drivers and Restraints
One of the key factors driving the global demand for a variety of blood processing devices and consumables remains the inherent risk of transfer of blood-borne diseases through blood transfusion. Some of the world's most fatal diseases of present times, including AIDS, can spread through unsafe blood transfusions, the risk of which can be reduced with the help of proper blood screening and examinations.
Awareness regarding the severity of these risks due to lack of effective blood processing and testing facilities has compelled a number of governments across the globe to increase investments, undertake state-led initiatives, and provide regulatory support to develop the field of blood processing. The vast rise in the numbers of surgeries requiring blood transfusions, especially in developed economies, is further boosting the blood processing devices and consumables market.
Global Blood Processing Devices and Consumables Market: Companies Mentioned in the Report
The report presents a detailed analysis of the competitive landscape of the global blood processing devices and consumables market. The report profiles some of the market's leading players by analyzing them from the point of view of aspects such as financial standing, business strategies, and product portfolios. The report also includes recommendations from industry experts, who have singled out increasing collaboration and partnerships in product development, and investment in emerging economies as the most beneficial policies for market players to follow.
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Some of the key vendors operating in the market profiled in the report are Macopahrma SA, Biomerieux SA, Bio-Rad Laboratories Abbott Laboratories, Becton, Dickinson, and Company, , and Roche Holdings AG.
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Blood Processing Devices and Consumables Market Is Expanding at a CAGR of 8.90% from 2013 to 2019