Blood Banking Devices Market Update 2020: Check It Out Who is the Fastest Marketplace Climber? Players Abbott Diagnostics Inc., Beckman Coulter, Inc., Beckton, Dickson and Company, Roche Holdings AG, Siemens Healthcare Diagnostics

In this report, the "Global Blood Banking Devices Market" is valued at USD XX million in 2019 and is expected to reach USD XX million by the end of 2025, growing at a CAGR of XX% between 2019 and 2025.

Blood bank devices are used for the preservation and storage of the human blood that requires sterilized and highly accurate environment. They are widely used across clinics, hospitals, and blood banks for maintaining sterilized and stabilized environment. Some of the major blood bank devices are blood bag centrifuge, blood bag tube sealer, blood bank refrigerator, blood donor couch, centrifuge counterbalance, plasma expresser, and blood collection monitor.

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An increasing number of hospitals and clinics coupled with the growing various chronic cases such as cancer and blood-related disease is expected to foster the market growth of blood bank devices. According to the WHO, cancer is the second leading cause of death globally, and is responsible for an estimated 9.6 million deaths in 2018. Introduction of new blood bank devices is also projected to propel market growth over the forecast period. For instance, in May 2017, Poly Medicure, a manufacturer of medical devices announced that the company is planning to undertake expansion plans in Faridabad and aims to launch blood banking products.

From the geographical perspective, North America is expected to gain significant growth in the market and this can be attributed to rising cases of people suffering from a blood-related disease such as Hemophilia A. U.S. Department of Health & Human Services Hemophilia A affects 1 in 5,000 male births. About 400 babies are born with hemophilia A each year. Moreover, increasing healthcare spending by the U.S. government is further projected to foster market growth. According to a new report from Fitch Solutions Macro Research U.S. healthcare expenditure is projected to grow by 4% to $3.6 trillion in 2019 while drug spending is projected to grow2.5% to $370.7 billion.

Key Development:

• In June 2017, EHR maker Epic Systems and blood bank software company Mediware have partnered to offer integrated laboratory and blood bank software. Mediware, which provides blood management and cellular therapy software, is collaborating with Epic to offer to license of Mediware’s Hemocare Lifeline Transfusion blood bank management system in combination with Epic’s Beaker laboratory technology

• In October 2019, the Somali government has announced the establishment of a national blood bank for the first time in decades. The announcement fell on the two-year anniversary of the county’s deadliest terrorist attack, which killed 587 people on Oct. 14, 2017

• In November 2019, UNILAD launches world’s first blood bank for gay and bisexual men. LADbible Group has revealed a new initiative from UNILAD, which has a monthly reach of 430m, in partnership with pressure group FreedomToDonate. The push was launched in collaboration with creative agency ELVIS.

Geographically, this report is segmented into several key Regions, with production, consumption, revenue (million USD), market share and growth rate of Blood Banking Devices in these regions, from 2014 to 2025 (forecast), covering
--North America
--Europe
--China
--Japan
--Southeast Asia
--India

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Global Blood Banking Devices market competition by top manufacturers, with production, price, revenue (value) and market share for each manufacturer; the top players including
--Abbott Diagnostics Inc.
--Beckman Coulter, Inc.
--Beckton, Dickson and Company
--Bio-Rad Laboratories, Inc.
--Hindustan Syringes and Medical Devices Ltd.
--Polymed Medical Devices
--Roche Holdings AG
--Siemens Healthcare Diagnostics
--Terumo Corporation
--Thermo Fisher Scintific, Inc.

On the basis of product, this report displays the production, revenue, price, market share and growth rate of each type, primarily split into
--Blood Collection Devices
--Blood Processing Devices
--Blood Storage Devices

On the basis on the end users/applications, this report focuses on the status and outlook for major applications/end users, consumption (sales), market share and growth rate of Blood Banking Devices for each application, including
--Hospitals
--Academic Institutes
--Independent Diagnostic Centres/Clinics
--Blood Banks

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