Blood Processing Devices and Consumables Market: Global Market Estimation, Dynamics, Regional Share, Trends, Competitor Analysis 2012-2016 and Forecast 2017-2023
The process of transfer the blood or blood products into one’s circulation intravenously known as blood transfusion. Early transfusions generally used whole blood transfusion, but advancements in technology, able to transfuse blood components such as RBC, plasma and platelets. After the collection of blood before the transfusion, the blood is stored and processed to make sustainable for use in the specific patient population. Various devices and consumables are used in storage and processing the blood. The devices are used such as refrigerators to maintain the temperature, blood component separating devices such as centrifugation devices and others. Consumables are vials, storage pockets, blood grouping reagents and others.
Global Blood Processing Devices and Consumables Market:
Blood processing devices and consumables market are mainly driven by the increased transmission of diseases through blood transfusion and blood donation. In addition, increased awareness of blood donation, increase in demand for the blood and blood products in the geriatric population, growth rates of blood donation, and favourable government support and policies are expected to boost the blood processing devices and consumables market over the forecast period. Furthermore, technological advancements in blood storage and processing devices and growing awareness in proper management of blood during the transfusion and donation may drive the market growth. Moreover, increase in R&D investment in regenerative medicine and cell therapies may have the positive growth impact on blood processing devices market. However, lack of skilled healthcare professionals and high cost acts as restraints for the blood processing devices and consumables market over the forecast period.
Global blood processing devices and consumables market is segmented based on product type and end user
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Based on product type, blood processing devices and consumables market is segmented into
Blood Processing Devices
Blood Cell Processors
Blood Grouping Analyzers
Blood Bank Freezers and Refrigerators
Blood Warmers
Hematocrit Centrifuges
Others
Blood Processing Consumables
Blood Grouping Reagents
Slides
Blood Administration Sets
Coagulation Reagents
Blood Filters
Blood Lancets
Blood Bags
Blood Collection Tubes
Sedimentation Tubes Others
Based on end user, blood processing devise and consumables market is segmented into
Hospitals
Clinics
Blood Banks
Research Centers
Others
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Global blood processing devices and consumables market have plenty of market players and it is consolidated. In terms of processing devices, strong market players are present. Companies are focused on new product developments and market expansions to strengthen their market share. For instance, in August 2015, Bio-Rad Laboratories, Inc. launched the IH-500, a fully automated random access system for blood typing and screening. Furthermore, companies are also strengthening position by acquiring the other companies operating in same market. For instance, in Agust 2012, Haemonetics Corporation acquired business assets of blood collection, filteration and processing product lines of Pall Corporation.
Blood processing devices and consumables market are segmented into Latin America, Europe, Asia-Pacific, North America, and the Middle East & Africa. North America is expected to have major share in blood processing devices and consumables market owing to the factors such as growing rates of blood donation and transfusion, increase in R&D in blood and blood products and growing awareness on blood infectious diseases. Europe market is expected to grow at significant rates owing to growing aging population that requires blood transfusion and growing rates of blood donation. Asia-Pacific region is expected to have lucrative market growth opportunity owing to growing healthcare infrastructure and growing rates of blood donation. According to World Health Organization (WHO), about 112.5 Mn blood donations are collected worldwide and more than half of these are collected from high-income countries.
Some of the players in blood processing devices and consumables market includes Woodley Equipment Company Ltd. (UK), B Medical Systems S.à r.l. (Luxembourg), Becton, Dickinson and Company (U.S.), Abbott Laboratories (U.S.), BioMérieux (France), Thermo Fisher Scientific (U.S.), Bio-Rad Laboratories (U.S.), Beckman Coulter Inc. (U.S.), Grifols, S.A. (Spain), Fresenius SE & Co. KGaA (Fenwal) (Germany), and F. Hoffmann-La Roche AG (Switzerland) to name a few.
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