Global Blood Transfusion Devices Market, by Product Type (Apheresis Systems, Infusion Devices, Blood Warmers, Venous Access Devices, Filters, and Others), by End User (Hospital, Ambulatory Surgical Centers, and Others), and by Region (North America, Latin America, Europe, Asia Pacific, Middle East, and Africa),is estimated to be valued at US$ 4,189.6 million in 2020 and is expected to exhibit a CAGR of 5.7% during the forecast period (2020-2027), as highlighted in a new report published by Coherent Market Insights.
The global blood transfusion devices market is expected to witness significant growth during the forecast period, owing to increasing launches of blood transfusion devices. For instance, in 2019, Ecomed Solutions launched HEMAsavR device for blood capture and transfer to help medical professionals reduce the costliness of allogenic blood transfusions.
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Rising cases of road accidents, trauma, and surgeries have also led to significant demand for blood transfusion devices, which is expected to driving the market growth. According to the Centers for Disease Control and Prevention (CDC), every year, an average of around 6 million car accident cases occur in the U.S. Globally, around 50 million road traffic injuries occur each year, according to the WHO 2018 report. Moreover, surgeries such as post-cardiopulmonary bypass, neurosurgery, and posterior eye surgery also require platelet transfusions.
Blood Transfusion Devices Market – Impact of Coronavirus (Covid-19) Pandemic
Since the COVID-19 virus outbreak in December 2019, the disease has spread to more 100 countries across the globe and the World Health Organization declared it a public health emergency. According to the World Health Organization’s report, the manifestation of coronavirus disease (COVID-19) has resulted in more than 26.1 million infected individuals worldwide as of August 2020.
COVID-19 can affect the global economy in three main ways; by directly affecting production and demand, by creating supply chain and market disruption, and by its financial impact on firms and financial markets. Due to the lockdown, many countries such as Italy, Spain, U.K., the U.S., Australia, India, and others are facing problems with regards to the transportation of blood transfusion devices from one place to another.
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The COVID-19 virus outbreak is primarily transmitted by the respiratory route and theoretically by transfusions. The epidemic has the potential to reduce the supply of blood and blood components and adversely affect blood system activities. The risk of transmission of COVID-19 through transfusion of blood and components is only theoretical and likely minimal risk.
Browse 26 Market Data Tables and 27 Figures spread through 157 Pages and in-depth TOC on Blood Transfusion Devices Market, by Product Type (Apheresis Systems, Infusion Devices, Blood Warmers, Venous Access Devices, Filters, and Others), by End User (Hospital, Ambulatory Surgical Centers, and Others), and by Region (North America, Latin America, Europe, Asia Pacific, Middle East, and Africa)- Forecast to 2027″
To know the latest trends and insights related to the blood transfusion devices market press release, click the link below: https://www.coherentmarketinsights.com/press-release/blood-transfusion-devices-market-3412
Key Takeaways of the Blood Transfusion Devices Market:
- The global blood transfusion devices market is expected to exhibit a CAGR of 5.7% during the forecast period (2020-2027), owing to increasing launches of blood transfusion devices
- Among product type, the apheresis systems segment is expected to hold a major revenue share in 2027. An apheresis device receives blood removed from a patient or donor’s body and separates it into its various components: plasma, platelets, white blood cells, and red blood cells.
- Major players operating in the global blood transfusion devices market include 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, and 3M Company
Detailed Segmentation:
- Global Blood Transfusion Devices Market, By Product Type:
- Apheresis Systems
- Infusion Devices
- Blood Warmers
- Venous Access Devices
- Filters
- Others
- Global Blood Transfusion Devices Market, By End User:
- Hospital
- Ambulatory Surgical Centers
- Others
- Global Blood Transfusion Devices Market, By Region:
- North America
- By Country:
- U.S.
- Canada
- By Product Type:
- Apheresis Systems
- Infusion Devices
- Blood Warmers
- Venous Access Devices
- Filters
- Others
- By End User:
- Hospital
- Ambulatory Surgical Centers
- Others
- By Country:
- Europe
- By Country:
- U.K.
- Germany
- Italy
- Spain
- France
- Russia
- Rest of Europe
- By Product Type:
- By End User:
- By Country:
- Asia Pacific
- By Country:
- Australia
- India
- China
- Japan
- ASEAN
- South Korea
- Rest of Asia Pacific
- By Product Type:
- By End User:
- By Country:
- Latin America
- By Country:
- Brazil
- Mexico
- Argentina
- Rest of Latin America
- By Product Type:
- By End User:
- By Country:
- Middle East
- By Country:
- GCC
- Israel
- Rest of Middle East
- By Product Type:
- By End User:
- By Country:
- Africa
- By Country/Region:
- South Africa
- Central Africa
- North Africa
- By Product Type:
- By End User:
- By Country/Region:
- North America
Other Exclusive Reports:
AMNIOCENTESIS NEEDLES MARKET ANALYSIS
Coherent Market Insights is a global market intelligence and consulting organization focused on assisting our plethora of clients achieve transformational growth by helping them make critical business decisions. We are headquartered in India, having office at global financial capital in the U.S. and sales consultants in United Kingdom and Japan. Our client base includes players from across various business verticals in over 150 countries worldwide. We pride ourselves in catering to clients across the length and width of the horizon, from Fortune 500 enlisted companies, to not-for-profit organization, and startups looking to establish a foothold in the market. We excel in offering unmatched actionable market intelligence across various industry verticals, including chemicals and materials, healthcare, and food & beverages, consumer goods, packaging, semiconductors, software and services, Telecom, and Automotive. We offer syndicated market intelligence reports, customized research solutions, and consulting services.
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