Global BloodProcessing Devices and Consumables Market, by Product Type (Devices (Plasma Freezers, Blood Bank Refrigerators, Lab Refrigerators, Lab freezers,Ultra-low Temperatures, Shock Freezers, Grouping Analyzers, Warmers, HematocritCentrifuges, and Cell Processors ), and Consumables (Blood Administration Sets,Blood Bags, Blood Collection Needles, Blood Collection Tubes, Blood Filters,Blood Lancets, Blood Grouping Reagents, Blood Coagulation Reagents, HematologyReagents, Slides, Sedimentation Tubes, Slide Stainer, Test Tube Racks andVials)), by End User (Hospitals & Clinics, Blood Banks DiagnosticLaboratories, and Others), and by Region (North America, Latin America, Europe,Asia Pacific, Middle East, and Africa) was valued at US$ 33,213.9 Mn in 2018,and is projected to exhibit a CAGR of 7.1% during the forecast period(2020–2027). Factors such as increasing geriatric population and risingemphasis of leading companies on long-term partnerships with end users isexpected to boost demand for blood processing devices and consumables and drivethe global blood processing devices and consumables market growth over theforecast period. Global blood processing devices and consumables market size isexpected to grow significantly over the forecast period. Much of its growth wasattributed to government initiatives in setting up of blood screening center,especially in emerging economies. The trend is especially prevalent in China,India, and Russia, with significant increase in number of blood centers inthese countries in the recent past. As a result of this, lucrative growthopportunities have emerged for market players to expand their business reachacross emerging economies and enhance their market share over the forecastperiod.
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Browse 25 Market Data Tables and28 Figures spread through 150 Pages and in-depth TOC on Global Blood ProcessingDevices and Consumables Market by Product Type (Devices ( Plasma Freezers,Blood Bank Refrigerators, Lab Refrigerators, Lab freezers, Ultra-low Temperatures,Shock Freezers, Grouping Analyzers, Warmers, Hematocrit Centrifuges, and CellProcessors ), and Consumables (Blood Administration Sets, Blood Bags, BloodCollection Needles, Blood Collection Tubes, Blood Filters, Blood Lancets, BloodGrouping Reagents, Blood Coagulation Reagents, Hematology Reagents, Slides,Sedimentation Tubes, Slide Stainer, Test Tube Racks and Vials)), by End User(Hospitals & Clinics, Blood Banks Diagnostic Laboratories, and Others), andRegion (North America, Latin America, Europe, Asia Pacific, the Middle East,and Africa) - Global Forecast to 2027
There has been an increase inincidence rate of infectious diseases and chronic disorders such as cancer,especially among the geriatric population. According to the World HealthOrganization (WHO), in 2015, globally over 150 million people suffered fromchronic hepatitis C virus, of which 700,000 die each year, owing to lack ofsuitable healthcare infrastructure and diagnosis centers. Technologicaladvancements in the healthcare industry is expected to bridge the gap betweenpatient’s expectation and healthcare delivery system. While the bloodprocessing devices and consumables market is highly saturated in developedregions, emerging regions, especially Asia Pacific is largely untapped andoffers lucrative growth opportunities for market players.
Key Takeaways of the Global BloodProcessing Devices and Consumables Market:
The global blood processingdevices and consumables market is expected to exhibit a CAGR of 7.1% during theforecast period (2020–2027), owing to frequent product launches and approvals,and robust pipeline of novel blood processing devices and consumables
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Government has a critical role increating national platforms for blood screening and blood bank centers.Increasing geriatric population along with rise in incidence rate ofblood-related disorders is expected to drive the global blood processingdevices and consumables market growth.
North America and Europe arehighly matured blood processing devices and consumables market. Leading playerssuch as Abbott Laboratories, Roche Holdings AG, and Terumo Corporation areemphasizing on establishing a direct distribution channel to retain theirdominance in these regional markets. Setting up of cord blood bank center inthese region is expected to create substantial market opportunity for industryplayers. Over 23 million blood components are transfused each year in NorthAmerica.
There are over 13 thousand bloodbank centers worldwide. The number is especially high in low to middle incomecountries, particularly India, Indonesia and Vietnam. Establishment of bloodbank centers is expected to boost overall demand for blood bank refrigeratorsworldwide. The global blood bank market is highly consolidated, with leadingplayers accounting for around 80% of the global market. New entrants areexpected to provide bank refrigerators during the forecast period.
While the overall bloodprocessing device segment is consolidated, it is highly fragmented inconsumables segment with large presence of regional players, especially inChina and India.
Major players operating in theglobal blood processing devices and consumables market include AbbottLaboratories, Becton, Dickinson and Company, Roche Holding AG, Bio-RadLaboratories, Biomerieux SA, Immucor, Inc., Danaher Corporation, TerumoCorporation, Macopharma SA, Grifols International, Haemonetics Corporation, andThermogenesis Corporation
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