Increasing blood disorder cases and rising number of surgeries to drive global blood transfusion devices market
According to TechSci Research report, “Global Blood Transfusion Devices Market By Product, By Type, By Application, By End User, By Region, Competition, Forecast & Opportunities, 2025”, global blood transfusion devices market is expected to witness significant growth during the forecast period. Mounting number of trauma cases is one of the major factors accounting for the growth of global blood transfusion devices market. Moreover, the blood transfusion process finds wide application in the treatment of numerous medical conditions predominantly blood cancer, which is expected to bode well for the growth of global blood transfusion devices market through the forecast period. In addition to this, increasing number of accidents is anticipated to positively influence the growth of global blood transfusion devices market in the years to come. Also, rise in the prevalence of chronic kidney disorders is leading to increased demand for blood transfusion and blood products, which in turn is making headway for the growth of global blood transfusion devices market. Along with this, supportive government funding is positively contributing to the market growth. Also, favorable medical reimbursement policies in developed countries coupled with increasing per capita health care expenditure is anticipated to increase the patient pool requiring treatment through blood transfusion, thereby bolstering the market growth across the globe. Furthermore, rising technological advancements in terms of apheresis systems, blood warmers, infusion pumps as well as transfusion filters have facilitated the accessibility of safe and highly purified blood to patients, which is expected to aid the market growth in the years to come. However, there are certain factors that might act as major impediments to the growth of global blood transfusion devices market during the forecast period such as existence of stringent rules and regulations like approvals needed for separation of blood components.
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Global Blood transfusion devices market can be segmented based on product, type, application, end user, company, and region. Considering the application, the market is fragmented into blood disorders, autoimmune disorders, cancer, renal disorders, surgical procedures, and others. Among these, the blood disorders application segment dominated the global blood transfusion devices market in terms of largest market share until 2019 and is further anticipated to maintain its dominance during the forecast period as well. This is because of rising population with blood related disorders requiring emergency blood transfusions.
Fresenius Kabi AG, Grifols, S.A., Tenko International Group Corp, Terumo Corporation, Kawasumi Laboratories, Inc., Haemonetics Corporation, Bioelectronica MILANO, RAYS S.P.A., Macopharma SA, B. Braun Melsungen AG, Baxter International Inc., Neomedic Limited, 3M Company, Keewell Medical Technology Co. Ltd., are among others are the leading players operating in global blood transfusion devices market. The players are adopting several growth strategies to enhance the market scenario of blood transfusion devices. Other competitive strategies include product launches; mergers & acquisitions; agreements, partnerships, and collaborations; and expansions to diverse their product portfolio in order to strengthen their market position.
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“Global blood transfusion devices market is expected to be dominated by North America until 2025 on account of growing number of surgeries in the region. Furthermore, well-established health care facilities are also contributing to the growing trend. However, Asia-Pacific is forecast to register highest CAGR over the years to come, which can be attributed to rise in aging population in the region.”, said Mr. Karan Chechi, Research Director with TechSci Research, a research based global management consulting firm.
“Global Blood Transfusion Devices Market By Product, By Type, By Application, By End User, By Region, Competition, Forecast & Opportunities, 2025” has evaluated the future growth potential of global blood transfusion devices 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 transfusion devices market.
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