Blood Storage Devices Market & Detailed analysis of current Industry figures with forecasts growth by 2028

The devices that are designed specifically for collection, processing, and storing the blood and blood-related products are known as blood storage devices. The key purpose behind manufacturing of these devices is to assure the safety related to blood transfer. Few of the common blood storage devices include, collection devices, processing devices and storage devices. The blood storage market is expected to grow due to increasing requirement of blood and blood-related components.

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Drivers:

Escalation in the demand for blood and plasma components throughout the globe and increase in the prevalence of blood cancer is projected to boost growth of the blood storage devices market. For instance, according to Leukemia and Lymphoma Society 2019, approx. every 3 minutes, one person in the U.S is diagnosed with blood cancer.

Restraints:

High cost of blood storage devices and the dearth of the skilled laboratory professionals are likely to hinder the growth of the blood storage devices market.

Regional Insights:

North America is expected to witness significant growth in blood storage devices market and it is also expected to maintain its principle position during the forecast period. The market growth in this region can be acknowledged by the presence of highly developed healthcare systems and increase in the prevalence of and incidence of leukemia. For instance, according to leukemia and lymphoma society, approximately every 3 minutes one person in the United States (US) is diagnosed with a blood cancer.

Asia Pacific is also expected to witness significant growth in the blood storage devices market owing to the rising healthcare expenditure, increase in responsiveness related to blood donation, increase in the incidents of infectious diseases, and growing prevalence of blood cancer.

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Competitive Section:

The key players in the blood storage device market are:

Thermo Fisher Scientific, Blue Star, Helmer Scientific, Vestfrost Solutions, Philipp Kirsch, Zhongke Meiling Cryogenics, LEC Medical, and Haier Biomedical.

Key Developments:

November 2020: Haite Biomedical, an overseas subsidiary of Haier Biomedical, made its debut at the Import Expo and intensively demonstrated its innovative full-scenario IoT biosafety solutions, covering bio-sample safety, blood safety, vaccine safety, drug safety and laboratory safety.

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