Blood Transfusion Market by Product(Blood Bag and Accessory, Blood Mixer, Filter, Blood Component Separator, Apheresis Device, Pathogen Reduction System, and Consumables & Supplies), and End Users (Hospital and Laboratories &Diagnostic; Labs)- Global Analysis & Forecast 2020-2030

Report ID : 315  |  Published Date : Jul 2020  |  Pages : 150  |  Region : Global  |  Report Code : MD-94

Blood Transfusion Market Introduction & Overview

Blood transfusion can be defined as the process of administering donated blood from a donor to a receiver. The method of blood transfusion is a routine medical procedure, which is conducted using a range of blood transfusion devices, directly or indirectly. Blood transfusion is exceptionally crucial, as it is used as a potentially life-saving solution for various surgeries, or injuries, to help reduce blood loss. This process is usually not accompanied by any complications; however, if any complications arise, they are typically mild. Blood transfusions are conducted for cases involving injury, surgery, bleeding disorders or any other form of disease. The transfusion process functions by either replacing or providing vital components of the blood. However, one can also undergo transfusion of whole blood, but, whole blood transfusions are not common.

The process of blood transfusion employs several devices and instruments, which are required to be purchased or procured recurringly, as several components of blood transfusion devices are not reusable. This process makes the market of global blood transfusion devices more dynamic. Several factors can be attributed to the growth of the global blood transfusion market, such as increasing cases of blood disorders, rising incidents of accidents, an increasing number of surgeries, among others. Growing incidences & widespread prevalence of terminal renal diseases is another factor which has been playing a pivotal role in complementing the growth of the market. Moreover, the advent of novel technologies has facilitated the availability of highly purified and safe blood to patients, thereby further fueling the growth of the blood transfusion market. However, the growth of the global blood transfusion market has been significantly affected by the recent spread of the coronavirus pandemic. The current crisis is anticipated to adversely impact the market in the coming days if the exponential surge in the number of cases are not brought under control at the earliest.

The global blood transfusion market has been majorly segmented into three segments, viz. product, end user and region

Blood Transfusion Market By Product

Based onproduct, the market has beensegmented into Blood Bag and Accessories, Blood Mixers, Filters, Blood Component Separators, Apheresis Devices, Pathogen Reduction Systems, Consumables & Supplies and Other Products.

Blood Transfusion Market By End User

Based on end user, the blood transfusion market has beenclassified into Hospital and Laboratories & Diagnostic Labs and Other End Users.

Blood Transfusion Market By Region

The globalblood transfusionmarkethas been segmented into North America, Europe, Asia Pacific, and the Rest of the World (ROW). North America commanded the largest share in the global blood transfusion market in 2019. The large share of the regional market can be attributed to advanced healthcare infrastructure, high need for blood products by patients across this region on daily basis, supportive government regulations, among others.

Blood Transfusion Market Prominent Players

The prominent players operating in the globalblood transfusionmarket areAbbott, B. Braun Melsungen AG, BD, Terumo Corporation, Grifols, S.A., Fresenius SE & Co. KGaA, Haemonetics Corporation, macopharma, KANEKA CORPORATION, Cerus Corporation,among others.