Transfusion Disposable Products Market To Grow At A Significant CAGR On Account Of Rising Demand For Ensuring Patient Safety During Transfusion By 2027

Research Nester released a report titled “Transfusion Disposable Products Market: Global Demand Analysis & Opportunity Outlook 2027” which delivers detailed overview of the global transfusion disposable products market in terms of market segmentation by product, by end user and by region.

Further, for the in-depth analysis, the report encompasses the industry growth drivers, restraints, supply and demand risk, market attractiveness, BPS analysis and Porter’s five force model.

The market for transfusion disposable products is anticipated to witness a significant CAGR during the forecast period, 2019-2027. The market is segmented by product, by end user and by region, out of which, the end user segment is further segmented into hospitals, ambulatory surgical centers, clinics, blood banks and others. On the basis of end user, the hospitals segment is anticipated to hold the largest share in the market on account of increasing cases of road accidents and injuries that are treated at hospitals. According to the 2018 global status report on road safety by the World Health Organization, the number of deaths resulting from road traffic crashes have increased to 1.35 million every year. Further, as per this report, around 3,700 people die on roads and more than 50 million people get injured all around the world every day.

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The market in North America is estimated to hold the largest share in the transfusion disposable market as a result of rising demand for disposable blood bags and a growing number of blood transfusion procedures conducted in the region, especially in the United States. Further, the market in Asia-Pacific is anticipated to grow at a substantially high rate during the forecast period as a result of increasing number of road accidents and health disorders that involve blood contamination or loss.

Rising Incidences of Blood Disorders to Support the Market Growth

The increasing prevalence of disorders related to the blood are raising the demand for disposable transfusion products, which is thereby anticipated to increase the market growth. The Centers for Disease Control and Prevention reported that the total number of deaths from anemia in the United States were 5,382 in 2017. In order to cure this disease, blood transfusions are required which are further estimated to increase the market growth. On the other hand, some complications might arise from blood infusions due to improper storage practices which is estimated to hamper the market growth in the upcoming years.

This report also provides the existing competitive scenario of some of the key players of the global transfusion disposable products market which includes company profiling of Becton, Dickinson and Company (BDX), B. Braun Melsungen AG, Macopharma, Teleflex Incorporated (TFX), Medline Industries, Inc., AdvaCare Pharma, VOGT MEDICAL, Kiefel, Weigao and Grifols (GRF). The profiling enfolds key information of the companies which encompasses business overview, products and services, key financials and recent news and developments. On the whole, the report depicts detailed overview of the global transfusion disposable products market that will help industry consultants, equipment manufacturers, existing players searching for expansion opportunities, new players searching possibilities and other stakeholders to align their market centric strategies according to the ongoing and expected trends in the future.

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This release was published on openPR.