The Blood Processing Devices And Consumables Global Market Report 2024 by The Business Research Company provides market overview across 60+ geographies in the seven regions – Asia-Pacific, Western Europe, Eastern Europe, North America, South America, the Middle East, and Africa, encompassing 27 major global industries. The report presents a comprehensive analysis over a ten-year historic period (2010-2021) and extends its insights into a ten-year forecast period (2023-2033).
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According to The Business Research Company’s Blood Processing Devices And Consumables Global Market Report 2024, The blood processing devices and consumables market size has grown strongly in recent years. It will grow from $45.33 billion in 2023 to $49.09 billion in 2024 at a compound annual growth rate (CAGR) of 8.3%. The growth in the historic period can be attributed to increasing blood donation rates, advancements in transfusion medicine, growing prevalence of blood disorders, global initiatives for safe blood transfusion, rise in surgical procedures.
The blood processing devices and consumables market size is expected to see strong growth in the next few years. It will grow to $68.54 billion in 2028 at a compound annual growth rate (CAGR) of 8.7%. The growth in the forecast period can be attributed to increasing demand in emerging economies, rising geriatric population, point-of-care blood processing, increasing focus on autologous blood transfusions, demand for apheresis procedures, collaborations for research and development. Major trends in the forecast period include technological integration for data management, technological innovations in blood processing, automation and robotics integration, advancements in apheresis technology, rise of point-of-care blood processing.
The rise in the demand for blood transfusion will boost the blood processing devices and consumables market. The increasing disease burden creates demand for these devices and consumables that aid in transfusion of blood. Blood processing devices and consumables are essential for ensuring the safety and efficacy of blood and blood products for transfusion for several diseases that require blood transfusions. For instance, according to the World Cancer Research Fund International, a UK based not-for-profit association related to cancer prevention, there were an estimated 1.9 million cancer cases around the world in 2021. Additionally, In the United States, approximately 90,000 to 100,000 sickle cell disease patients require blood transfusions regularly. Therefore, the rise in the demand for blood transfusion, due to increasing disease burden is expected to drive the blood processing devices, and consumables market forward.
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The blood processing devices and consumables market covered in this report is segmented –
1) By Product Type: Devices, Consumables
2) By Devices: Blood Bank Freezers, Blood Grouping Analyzers, Blood Warmer, Blood Cell Processers, Other Devices
3) By Consumables: Blood Bags, Blood Lancets, Vials, Blood Administration Sets, Other Consumables
4) By End User: Hospitals, Diagnostic Centers, Clinics, Academic Institutes, Blood Banks
Technological advancements are widespread in the blood processing devices and consumables market. Major companies operating in the blood processing devices and consumables segment are focused on technological advancements that have enabled the development of more advanced and sophisticated devices and consumables designed to improve the safety and efficiency of blood processing and transfusion. For instance, in April 2021, EryPharm, a France based biotechnology company launched a medical device product to mass-produce cultured red blood cells and develop new sourcing for blood transfusions, improving the quality of life of multi-transfused patients with hereditary or acquired diseases of the red blood cells.
The blood processing devices and consumables market report table of contents includes:
1. Executive Summary
2. Blood Processing Devices And Consumables Market Characteristics
3. Blood Processing Devices And Consumables Market Trends And Strategies
4. Blood Processing Devices And Consumables Market – Macro Economic Scenario
5. Global Blood Processing Devices And Consumables Market Size and Growth
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26. South America Blood Processing Devices And Consumables Market
27. Brazil Blood Processing Devices And Consumables Market
28. Middle East Blood Processing Devices And Consumables Market
29. Africa Blood Processing Devices And Consumables Market
30. Blood Processing Devices And Consumables Market Competitive Landscape And Company Profiles
Top Major Players:
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