Blood transfusion is a medical procedure that helps to replace the missing blood in the body. Before a blood transfusion, a blood sample is taken to make sure the recipient’s blood group matches the donor’s. A needle is inserted into the vein of the arm, and the needle is connected to a tube. A bag of fresh blood is inserted into the vein. The procedure can take up to 4 hours, depending on the type of blood required.
As per estimates by the NIH and National Heart, Lung, and Blood Institute, blood transfusions are very common in the U.S., as each year, over 5 million Americans need blood transfusions, which increases the demand for blood transfusion devices.
The global blood transfusion devices market is estimated to be valued at US$ 4,189.6 million in 2021 and is expected to exhibit a CAGR of 5.7% during the forecast period (2022-2028).
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The growing prevalence of blood-related disorders and chronic kidney disorders is driving the global blood transfusion devices market growth
According to the American Cancer Society, currently, around 1.32 million people are living with leukemia and lymphoma disorder. Furthermore, according to the National Kidney Foundation 2015, around 10% of the population worldwide is affected by chronic kidney disorder (CKD) and millions die each year because of unaffordable treatment.
Hence, rising prevalence and incidence of chronic diseases is increasing demand for blood and blood products, which is projected to drive the global blood transfusion devices market growth.
North America accounted for the largest share in the blood transfusion devices market in 2019, due to growing demand for blood transfusion in the U.S. For instance, according to the American National Red Cross, approximately 36,000 units of red blood cells are needed every day and around 21 million blood components are transfused each year in the U.S.
Furthermore, Asia Pacific is projected to experience fastest growth during the forecast period, due to growing healthcare expenditure in emerging economies such as China and India. For instance, according to the National Health Expenditure, the total expenditure in the healthcare sector in India was US$ 133 billion in 2016.
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Key players operating in the 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.
Major Point cover in this Blood Transfusion Devices Market report are: –
• Who are Opportunities, Risk and Driving Force of Blood Transfusion Devices? Knows Upstream Raw Materials Sourcing and Downstream Buyers
• Who are the key manufacturers in space? Business Overview by Type, Applications, Gross Margin and Market Share
• What are the opportunities and threats faced by the vendors in the global Blood Transfusion Devices Market?
• What will the Market growth rate, Overview and Analysis by Type of Blood Transfusion Devices in 2028?
• What are the key factors driving, Analysis by Applications and Countries Global industry?
• What is Dynamics, This Overview Includes Analysis of Scope and price analysis of top Manufacturers Profiles?
Reasons to buy this Blood Transfusion Devices Market Report
◘ Save time carrying out entry-level research by identifying the size, growth, and leading players in the emerging Blood Transfusion Devices Market
◘ Use the Five Forces analysis to determine the competitive intensity and therefore attractiveness of the emerging Blood Transfusion Devices Market
◘ Leading company profiles reveal details of key Blood Transfusion Devices Market players emerging five operations and financial performance
◘ Add weight to presentations and pitches by understanding the future growth prospects of the emerging Blood Transfusion Devices Market with five year historical forecasts
◘ Compares data from North America, South America, Asia Pacific Europe and Middle East Africa, alongside individual chapters on each region
The next part also sheds light on the gap between supply and consumption. Apart from the mentioned information, growth rate of Blood Transfusion Devices Market in 2028 is also explained. Additionally, type wise and application wise consumption tables and figures of Blood Transfusion Devices Market are also given.
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Table of Content
Chapter 1 Industry Overview
1.3 Research Scope
1.4 Market Analysis by Regions
1.5 Blood Transfusion Devices Market Size Analysis from 2022 to 2028
11.6 COVID-19 Outbreak: Blood Transfusion Devices Industry Impact
Chapter 2 Global Blood Transfusion Devices Competition by Types, Applications, and Top Regions and Countries
2.1 Global Blood Transfusion Devices (Volume and Value) by Type
2.3 Global Blood Transfusion Devices (Volume and Value) by Regions
Chapter 3 Production Market Analysis
3.1 Global Production Market Analysis
3.2 Regional Production Market Analysis
Chapter 4 Global Blood Transfusion Devices Sales, Consumption, Export, Import by Regions
Chapter 5 North America Blood Transfusion Devices Market Analysis
Chapter 6 East Asia Blood Transfusion Devices Market Analysis
Chapter 7 Europe Blood Transfusion Devices Market Analysis
Chapter 8 South Asia Blood Transfusion Devices Market Analysis
Chapter 9 Southeast Asia Blood Transfusion Devices Market Analysis
Chapter 10 Middle East Blood Transfusion Devices Market Analysis
Chapter 11 Africa Blood Transfusion Devices Market Analysis
Chapter 12 Oceania Blood Transfusion Devices Market Analysis
Chapter 13 South America Blood Transfusion Devices Market Analysis
Chapter 14 Company Profiles and Key Figures in Blood Transfusion Devices Business
Chapter 15 Global Blood Transfusion Devices Market Forecast (2022-2028)
Chapter 16 Conclusions
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