Blood Banking Devices Market is estimated to surpass US$ 49.8 Billion by 2028, progressing at a CAGR of 7.4% during the forecast period | Becton, Dickinson and Company

Overview:

Global Blood Banking Devices Market, by Product Type (Blood Collection Devices (Blood Collection Needles, Blood Collection Tubes (Serum Collection Tubes, Plasma Collection Tubes, Heparin Tubes, and Other Tubes), Needles & Syringes, Lancets, Vacuum Blood Collection System, Blood Bags, Accessories), Blood Processing Devices (Blood Grouping Analyzers, Blood Cell Processors, Blood Filters, Centrifuges, and Others), and Blood Storage Devices (Blood Bank Refrigerators and Blood Bank Freezers)), By End-User (Blood Banks, Hospitals and Other End Users), Method of Collection (Manual Blood Collection and Automated Blood Collection), and Region (North America, Latin America, Europe, Asia Pacific, the Middle East, and Africa), and is approximated to have a market valuation of US$ 26,234 million in 2017 and is expected to manifest a CAGR of 7.4% over the forecast period of 2018-2026, as mentioned in a new report published by Coherent Market Insights.

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Drivers:

The ever-expanding market for blood and blood components might propel the blood banking instruments demand. Based on the data collected by the American National Red Cross in 2018, approximately 7,000 platelet units and 10,000 plasma units are required day-to-day, and roughly 21 million blood elements are interpenetrated per year in the American regional market. Likewise, in 2017, the Singapore Red Cross Society requires about 120,000 blood units annually. For completing the transfusion demands of patients, this value has been equivalented to over 400 blood units daily. Furthermore, based on the same data, the total amount of blood gathered by the Singapore Red Cross Society in 2017, blood was utilized in surgical procedures (54%), general medicine (31%), hematology, and blood diseases (9%), and for accident and emergency cases (6%).

The rising amount of blood donations will fulfill the growing need for blood units across the globe, which had anticipated driving the growth of the market. For example, based on the survey done by the World Health Organization (WHO), 112.5 million blood donations were driven worldwide, and the growth of 10.7 million blood contributions from unpaid contributors was done from 2008 to 2013.

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Market Insights:

The blood required by the patients experiencing therapy for organ and bone marrow transplants, cancer, cardiovascular surgeries, orthopedic surgeries, and treatment for inherited blood disorders. Based on the data reports in 2012 by America’s Blood Centers, among the two fundamental blood elements, platelets, and red blood cells. The general medicine methods (28%) needed an increased quantity of red blood cells during procedures, while hematology and oncology surgeries (32%) needed a more increased quantity of platelets. Even though, the rising number of surgical interventions such as general surgery, cardiovascular surgeries, cancer, nephrology, organ, and bone marrow transplants, and dialysis effects in rising need for blood elements, thereby propelling the development of the blood banking devices market. Based on the report published by the American Cancer Society (ACS), in 2017, approximately 1.7 million individuals were diagnosed with cancer, and in them, several of the patients requires blood daily during their chemotherapy.

Likewise, accidents and emergency cases are additional critical aspects propelling the development of the blood banking machines demand. Based on the study of the Centers for Disease Control and Prevention (CDC), approximately 10,265 casualties are registered due to alcohol-impaired collisions in 2015, this accounted for roughly 29% of all traffic-related casualties in the American market. Moreover, based on the data posted in 2013, by the World Health Organization (WHO), the Indian population is accounted for a calculated 207,551 road traffic casualties.

Key players:

Main companies working in the global blood banking devices market include Abbott Laboratories, Beckman Coulter Inc. (Danaher Corporation), Becton, bioMérieux, Inc., China Biologic Products Holdings, Inc., Dickinson and Company, F. Hoffmann-La Roche AG (Roche Molecular Systems Inc.), Fresenius Kabi AG, Instrumentation Laboratory Company, Immucor, Inc. (IVD Holdings, Inc.), and Thermo Fisher Scientific Inc.

The following are the study objectives for this report:

•SWOT Analysis focuses on worldwide main manufacturers to define, assess, and analyse market competition. By kind, application, and region, the market is defined, described, and forecasted.
• Examine the global and main regional market potential and advantage, opportunity and challenge, constraints and risks.
• Determine whether trends and factors are driving or limiting market growth.
•By identifying high-growth categories, stakeholders would be able to analyse market potential.
•Conduct a strategic study of each submarket’s growth trends and market contribution.
•Expansions, agreements, new product launches, and acquisitions in the market are all examples of competitive developments.
• To create a strategic profile of the main players and analyse their growth plans in depth.

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Table of Contents

1. Research Objective and Assumption
   • Research Objectives
   • Assumptions
   • Abbreviations
2. Market Overview
   • Report Description
     • Market Definition and Scope
   • Executive Summary
     • Market Snippet By Product Type
     • Market Snippet By Method of Collection
     • Market Snippet By End User
     • Market Snippet By Region
   • Coherent Opportunity Map (COM)
3. Market Dynamics, Regulations, and Trends Analysis
   • Market Dynamics
     • Drivers
     • Restraints
     • Market Opportunities
   • Market Trends
   • Epidemiology
   • New Product Approvals/Launch
   • Mergers and Acquisitions
   • Regulatory Scenario
   • PEST Analysis
   • Porter’s Analysis
4. Global Blood Banking Devices Market, By Product Type, 2016 – 2026 (US$ Million)
   • Introduction
     • Market Share Analysis, 2018 and 2026 (%)
     • Y-O-Y Growth Analysis, 2017 – 2026
     • Segment Trends
   • Blood Collection Devices
     • Introduction
     • Market Size and Forecast, and Y-O-Y Growth, 2016 – 2026, (US$ Million)
       • Blood Collection Needles
         • Introduction
         • Market Size and Forecast, and Y-O-Y Growth, 2016 – 2026, (US$ Million)
       • Blood Collection Tubes
         • Introduction
         • Market Size and Forecast, and Y-O-Y Growth, 2016 – 2026, (US$ Million)
           • Serum Collection Tubes
             • Introduction
             • Market Size and Forecast, and Y-O-Y Growth, 2016 – 2026, (US$ Million)
           • Plasma Collection Tubes
             • Introduction
             • Market Size and Forecast, and Y-O-Y Growth, 2016 – 2026, (US$ Million)
           • Heparin Tubes
             • Introduction
             • Market Size and Forecast, and Y-O-Y Growth, 2016 – 2026, (US$ Million)
           • Other Tubes
             • Introduction
             • Market Size and Forecast, and Y-O-Y Growth, 2016 – 2026, (US$ Million)
           • Needles & Syringes
             • Introduction
             • Market Size and Forecast, and Y-O-Y Growth, 2016 – 2026, (US$ Million)
           • Lancets
             • Introduction
             • Market Size and Forecast, and Y-O-Y Growth, 2016 – 2026, (US$ Million)
           • Vacuum Blood Collection System
             • Introduction
             • Market Size and Forecast, and Y-O-Y Growth, 2016 – 2026, (US$ Million)
           • Blood Bags
             • Introduction
             • Market Size and Forecast, and Y-O-Y Growth, 2016 – 2026, (US$ Million)
           • Accessories
             • Introduction
             • Market Size and Forecast, and Y-O-Y Growth, 2016 – 2026, (US$ Million)
   • Blood Processing Devices
     • Introduction
     • Market Size and Forecast, and Y-O-Y Growth, 2016 – 2026, (US$ Million)
       • Blood Grouping Analyzers
         • Introduction
         • Market Size and Forecast, and Y-O-Y Growth, 2016 – 2026, (US$ Million)
       • Blood Cell Processors
         • Introduction
         • Market Size and Forecast, and Y-O-Y Growth, 2016 – 2026, (US$ Million)
       • Blood Filters
         • Introduction
         • Market Size and Forecast, and Y-O-Y Growth, 2016 – 2026, (US$ Million)
       • Centrifuges
         • Introduction
         • Market Size and Forecast, and Y-O-Y Growth, 2016 – 2026, (US$ Million)
       • Others
         • Introduction
         • Market Size and Forecast, and Y-O-Y Growth, 2016 – 2026, (US$ Million)
   • Blood Storage Devices
     • Introduction
     • Market Size and Forecast, and Y-O-Y Growth, 2016 – 2026, (US$ Million)
       • Blood Bank Refrigerators
         • Introduction
         • Market Size and Forecast, and Y-O-Y Growth, 2016 – 2026, (US$ Million)
       • Blood Bank Freezers
         • Introduction
         • Market Size and Forecast, and Y-O-Y Growth, 2016 – 2026, (US$ Million)
5. Global Blood Banking Devices Market, By Method of Collection, 2016 – 2026 (US$ Million)
   • Introduction
     • Market Share Analysis, 2018 and 2026 (%)
     • Y-O-Y Growth Analysis, 2017 – 2026
     • Segment Trends
   • Manual Blood Collection
     • Introduction
     • Market Size and Forecast, and Y-O-Y Growth, 2016 – 2026, (US$ Million)
   • Automated Blood Collection
     • Introduction
     • Market Size and Forecast, and Y-O-Y Growth, 2016 – 2026, (US$ Million)
6. Global Blood Banking Devices Market, By End User, 2016 – 2026 (US$ Million)
   • Introduction
     • Market Share Analysis, 2018 and 2026 (%)
     • Y-O-Y Growth Analysis, 2017 – 2026
     • Segment Trends
   • Blood Banks
     • Introduction
     • Market Size and Forecast, and Y-O-Y Growth, 2016 – 2026, (US$ Million)
   • Hospitals
     • Introduction
     • Market Size and Forecast, and Y-O-Y Growth, 2016 – 2026, (US$ Million)
   • Other End Users
     • Introduction
     • Market Size and Forecast, and Y-O-Y Growth, 2016 – 2026, (US$ Million)
7. Global Blood Banking Devices Market, By Region, 2016 – 2026 (US$ Million)
   • Introduction
     • Market Share Analysis, By Region, 2018 and 2026 (%)
     • Y-O-Y Growth Analysis, For Regions, 2017 – 2026
   • North America
     • Market Size and Forecast, By Product Type, 2016 – 2026 (US$ Million)
     • Market Size and Forecast, By Method of Collection, 2016 – 2026 (US$ Million)
     • Market Size and Forecast, By End User, 2016 – 2026 (US$ Million)
     • Market Size and Forecast, By Country, 2016 – 2026, (US$ Million)
       • U.S.
       • Canada
   •  Europe
     • U.K.
     • Germany
     • Italy
     • France
     • Spain
     • Russia
     • Rest of Europe
   • Asia Pacific
     • China
     • Japan
     • India
     • ASEAN
     • Australia
     • South Korea
     • Rest of Asia Pacific
   • Latin America
     • Brazil
     • Mexico
     • Argentina
     • Rest of Latin America
   •  Africa
     • North Africa
     • Central Africa
     • South Africa
   • Middle East
     • GCC Countries
     • Israel
     • Rest of Middle East