According to the report published by Allied Market Research, the global autotransfusion devices and consumables market was pegged at $864.75 million in 2018 and estimated to $1.38 billion by 2026, growing at a CAGR of 6.1% from 2019 to 2026.
Technological innovations in the autotransfusion system and rise in prevalence of cardiovascular diseases are the major factors for the growth of the global autotransfusion devices and consumables market. However, dearth of skilled technicians for handling the autotransfusion systems hampers the market growth. On the contrary, rise in adoption of the autotransfusion system is expected to create lucrative opportunities in the near future.
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The global autotransfusion devices and consumables market is segmented on the basis of product type, end use, and geography. Based on product type, the market is divided into devices and consumables. The consumables segment is expected to manifest the fastest CAGR of 6.6% through 2026. However, the devices segment held the lion’s share in 2018, accounting for more than two-thirds of the market, due to the higher cost of autotransfusion devices and maintenance.
On the basis of end use, the market is divided into hospitals, ambulatory surgical settings, and others. The ambulatory surgical centers segment is estimated to portray the fastest CAGR of 6.7% during the forecast period. However, hospitals segment dominated the market, contributing more than two-thirds of the market.
The global autotransfusion devices and consumables market is analyzed across various regions such as North America, Europe, Asia-Pacific, and LAMEA. The market across the North America region held the largest share in 2018, contributing more than two-fifths of the market. However, the market across Asia-Pacific is anticipated to register the fastest CAGR of 7.3% during the forecast period, due to the presence of large untapped opportunities in the region.
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The market report provides an in-depth analysis of the major market players such as Haemonetics, Brightwake, Medtronic, Becton, Fresenius Kabi, Dickinson and Company, LivaNova, Getinge AB, Advancis Surgical and Stryker. These market players have adopted various strategies such as partnerships, collaborations, mergers & acquisitions, and product launch to maintain their foothold in the market.
Allied Market Research, a market research and advisory company of Allied Analytics LLP, provides business insights and market research reports to large as well as small & medium enterprises. The company assists its clients to strategize business policies and achieve sustainable growth in their respective market domain.
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