Equipment and supplies for processing blood are essential to any blood bank. Blood banks process blood in order to be stored for extended periods of time. Devices and supplies specifically designed for blood processing are used to complete the procedure. In addition to their use in hospitals for transfusions, blood processing devices are found in diagnostic centers for the diagnosis of conditions like diabetes, cancer, and cardiovascular disease. Refrigerators, centrifuges, cell processors, blood collection blood storage bags, tubes, and other reagents are just some of the blood processing devices and consumables used in the process. Expectations for growth in the global market for BPDC (Blood Processing Devices and Consumables) can be traced back to the rising demand for blood transfusions and blood processing in surgical procedures such as stem cell therapy and organ transplants. One more factor contributing to the expansion of the market is the popularity of blood screening for the detection of diseases like cancer, diabetes, and cardiovascular conditions.
By 2021, the global market for blood processing devices and consumables is expected to be worth US$40,139.2 Mn. This represents a compound annual growth rate (CAGR) of 6.7% over the forecast period (2023-2030).
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☑ Market expansion is anticipated over the forecast time frame on account of the rising incidence of blood transfusion-related diseases, infectious diseases, and sickle cell disease.
It is anticipated that the global market for blood processing devices and consumables will expand during the forecast period as a result of the rising demand for blood screening tests to detect infectious diseases, blood transfusion-related disorders, and sickle cell anemia. When a person is born with sickle cell disease, their red blood cells are unable to carry enough oxygen around the body, making the disease a genetic trait. As a result, the demand for blood transfusion services among these patients is expected to increase, driving growth in the global market for blood processing equipment and supplies. In the United States, for instance, 21 million units of blood and blood products are transfused annually, as reported by the American National Red Cross. Ninety thousand to one hundred thousand Americans have sickle cell disease and frequently need blood transfusions. The need for regular transfusions in sickle cell disease patients bodes well for the future of the global market for BPDC (Blood Processing Devices and Consumables).
☑ The global market for blood processing devices and consumables is expected to expand at a rapid clip over the forecast period, thanks to a number of factors.
The global market for BPDC (Blood Processing Devices and Consumables) is expected to grow as a result of key innovations and expanding research in the field of life sciences aimed at improving blood processing procedures. For example, neurofilament light chain levels in the blood can be used to detect neurodegenerative diseases like downsyndrome, as reported by Kings College London in June 2021. Research into blood screening techniques, which in turn necessitates blood processing, is therefore anticipated to be a key factor propelling the global market for BPDC (Blood Processing Devices and Consumables).
☑ Global Market for BPDC (Blood Processing Devices and Consumables)– Effect of Coronavirus (COVID-19) Pandemic
As a result of the global spread of the COVID-19 pandemic, many different industries have had to overcome obstacles related to the financial impact and distribution channels. Lockdowns have disrupted supply chains, which has a negative impact on the market. The COVID-19 pandemic has caused widespread disruption across a variety of industries, including those in the healthcare and life sciences sectors.
An antibody test was the first line of defense in identifying the COVID-19 pandemic. The presence or absence of anti-virus antibodies is determined by a blood test, which necessitates the use of blood processing equipment and supplies. As a result, the pandemic has been a boon for the global market for blood processing equipment and supplies. In addition, COVID-19 prevents people with other chronic diseases from accessing healthcare, preventing them from going to the hospital or getting necessary blood screening tests.
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☑ Global Market for BPDC (Blood Processing Devices and Consumables): Restraint
The high cost of blood processing devices and consumables and related equipment is the main factor that will slow the expansion of the global market for BPDC (Blood Processing Devices and Consumables). Factors that slow growth in developing nations like Brazil, India, China, and Indonesia include high organizational costs and high capital investments. Example: the World Health Organization (WHO) cites unreliable test kit supplies as a barrier to screening donated blood in over 16 countries.
☑ Key Players
The chief companies functioning in the global market for BPDC (Blood Processing Devices and Consumables) are Beckman Coulter, Inc., Thermogenesis Holdings, Inc., Maco Pharma International GmbH, Immucor, Inc., Becton, Dickinson and Company, Bio-Rad Laboratories, Inc., Grifols, S.A., Abbott Laboratories, Global Scientific Company, Sigma Laborzentrifugen GmbH, Terumo BCT, Inc., Poly Medicure Ltd, and Thermo Fisher Scientific, Inc.
☑ Table of Content
Chapter 1 Industry Overview
1.3 Research Scope
1.4 Market Analysis by Regions
1.5 Blood Processing Devices and Consumables Market Size Analysis from 2023 to 2030
11.6 COVID-19 Outbreak: Blood Processing Devices and Consumables Industry Impact
Chapter 2 Global Blood Processing Devices and Consumables Competition by Types, Applications, and Top Regions and Countries
2.1 Global Blood Processing Devices and Consumables (Volume and Value) by Type
2.3 Global Blood Processing Devices and Consumables (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 Processing Devices and Consumables Sales, Consumption, Export, Import by Regions (2017-2022)
Chapter 5 North America Blood Processing Devices and Consumables Market Analysis
Chapter 6 East Asia Blood Processing Devices and Consumables Market Analysis
Chapter 7 Europe Blood Processing Devices and Consumables Market Analysis
Chapter 8 South Asia Blood Processing Devices and Consumables Market Analysis
Chapter 9 Southeast Asia Blood Processing Devices and Consumables Market Analysis
Chapter 10 Middle East Blood Processing Devices and Consumables Market Analysis
Chapter 11 Africa Blood Processing Devices and Consumables Market Analysis
Chapter 12 Oceania Blood Processing Devices and Consumables Market Analysis
Chapter 13 South America Blood Processing Devices and Consumables Market Analysis
Chapter 14 Company Profiles and Key Figures in Blood Processing Devices and Consumables Business
Chapter 15 Global Blood Processing Devices and Consumables Market Forecast (2023-2030)
Chapter 16 Conclusions
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