The global blood processing consumables and devices market was valued at USD 27.27 billion in 2012 and is expected to grow at a CAGR of 8.9% from 2013 – 2019 to reach an estimated value of USD 49.16 billion in 2019.
Albany, NY -- (SBWIRE) -- 04/05/2016 -- Blood processing devices and consumables are used in the storage and management of donated blood. Storage and extraction devices such as lancets, blood bags, refrigerators, and freezers are used for long-term large-scale storage of donated blood. Blood processing devices and consumables include cell processors, various laboratory equipment, and hematology reagents, which are used to test donated blood for the presence of blood-borne diseases and other hematological abnormalities. Around 70 million units of donated blood is transfused every year in developed nations, highlighting the importance of blood processing.
The report on the global blood processing devices and consumables market presents a detailed, segment-wise analysis of the market. Historical statistics charting the growth of the blood processing market to its base value, current trends likely to have the most significant impact on the market's future growth trajectory, and growth estimations for the market are presented in the report.
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Compiled with primary and secondary research and supplemented by recommendations and opinions from leading industry experts, the report is a comprehensive database on the global blood processing devices and consumables market. Impact analysis of the blood processing market's growth drivers and restraints is a major part of the report, as is the elaboration of the Porter's five forces analysis performed on the market statistics regarding blood processing devices and consumables.
Overview of the global blood processing devices and consumables market
The markets for blood processing devices and consumables consist of the following:
Blood processing devices include blood bank freezers and refrigerators, blood warmers, blood grouping analyzers, blood cell processors, and hematocrit centrifuges. Consumables complementing these include blood administration sets, blood filters, lancets, vials, test tubes, coagulation and blood grouping reagents, microscopic slides and stainers, blood collection tubes and needles, blood bags, hematology reagents, and sedimentation tubes.
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The report presents the forecast for each of these segments for the forecast period, in order to present a detailed look into the blood processing devices and consumables market.
The major market driver for blood processing devices and consumables is the risk of spread of blood-borne diseases through blood transfusion. Some of the deadliest diseases of modern times, including AIDS, can spreads through unsafe blood transfusions. The testing procedures in blood processing eliminate this risk.
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Due to this massive benefit of blood processing, a number of governments all over the world are supporting the procedure through state-led initiatives and regulatory support by putting in place favorable reimbursement policies for blood processing. Increasing number of surgical procedures requiring blood transfusions, particularly in developed countries, is further boosting the blood processing devices and consumables market.
The report also presents 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.
Companies mentioned in the research report
The report consists of a detailed examination of the blood processing devices and consumables market's competitive landscape, profiling major players operating in it by examining their financial standing, business strategies, and product catalogs.
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Major market players profiled in the report include Becton, Dickinson, and Company, Abbott Laboratories, Biomerieux SA, Roche Holdings AG, Macopahrma SA, and Bio-Rad Laboratories.
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