Blood Processing Devices and Consumables Market Size 2019 by Top Key Players Abbott Laboratories, Becton, Dickinson and Company, Roche Holding AG, Bio-Rad Laboratories, Biomerieux SA, Immucor, Inc., Danaher Corporation

Need for blood processing devices and consumables is projected to continue along an upward growth trajectory, owing to increasing number of blood banks and growing incidence of blood infection and blood disorders. Moreover, number of blood transfusion surgical procedures is increasing due to increasing incidence of immunodeficiency diseases.

For instance, according to the 2016 World Health Organization (WHO) statistics, around 112.5 million units of donated blood are collected every year, globally. The WHO recommends implementation of a national blood policy to ensure maintaining quality (free from infection) of the blood collected. This in turn ensures consistent demand for blood processing devices and consumables globally.

Hence, increasing number of blood banks and growing incidence of blood infection and blood disorders is expected to be a major factor fueling the global blood processing devices and consumables market growth.

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Global blood processing devices and consumables market size is expected to grow significantly over the forecast period. Much of its growth was attributed to government initiatives in setting up of blood screening center, especially in emerging economies. The trend is especially prevalent in China, India, and Russia, with significant increase in number of blood centers in these countries in the recent past. As a result of this, lucrative growth opportunities have emerged for market players to expand their business reach across emerging economies and enhance their market share over the forecast period.

There has been an increase in incidence rate of infectious diseases and chronic disorders such as cancer, especially among the geriatric population. According to the World Health Organization (WHO), in 2015, globally over 150 million people suffered from chronic hepatitis C virus, of which 700,000 die each year, owing to lack of suitable healthcare infrastructure and diagnosis centers. Technological advancements in the healthcare industry is expected to bridge the gap between patient’s expectation and healthcare delivery system. While the blood processing devices and consumables market is highly saturated in developed regions, emerging regions, especially Asia Pacific is largely untapped and offers lucrative growth opportunities for market players.

According to the WHO, 16 countries across the globe are unable to screen the donated blood for one or more than one infection. The WHO identified irregular supply of test kits is the factor attributed to this shortage. The Blood and Transfusion Safety program of WHO supports countries in developing national blood systems to ensure quality blood processing and transfusion practices.

High capital investment and steep operational costs are the factors restraining emerging economies such as India, Brazil, China, and Indonesia to adopt the new blood processing technology.

Key players operating in the global blood processing devices and consumables market include Abbott Laboratories, Becton, Dickinson and Company, Roche Holding AG, Bio-Rad Laboratories, Biomerieux SA, Immucor, Inc., Danaher Corporation, Terumo Corporation, Macopharma SA, Grifols International, Haemonetics Corporation, and Thermogenesis Corporation.

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