Press release
Autotransfusion Devices and Consumables Market Is Expected To Exhibit 6.1% CAGR By 2026 | Getinge AB, Haemonetics Corporation
Autotransfusion Devices and Consumables Market
The global autotransfusion devices and consumables market accounted for $864.75 million in 2018 and projected for $1.38 billion by 2026, registering a CAGR of 6.1% from 2019 to 2026.
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COVID-19 scenario-
1) Due to the global pandemic all over the world, the medical devices manufacturers are majorly focusing on essential medical devices production including ventilators and diagnostics.
2) However, due to the precautionary measures taken by governments in various regions, the supply chain has been hampered. Which may result in shortage of devices in certain locations.
3) Food and Drugs Administration (FDA), on the other hand, shared a COVID-19 guidance with medical device manufacturers to notify the agency about changes that could affect availability of their products.
Technological advancements in the autotransfusion system and increase in prevalence of cardiovascular diseases have boosted the growth of the global autotransfusion devices and consumables market. However, lack of skilled technicians for handling the autotransfusion system hampers the market growth. On the contrary, increasing adoption of autotransfusion system is expected to create lucrative opportunities in the near future.
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Devices segment to dominate the market
The devices segment held the largest share in 2018, contributing more than two-thirds of the total market, owing to higher cost of autotransfusion devices and its maintenance. However, the consumables segment is estimated to register the fastest CAGR of 6.6% during the forecast period as it can be used only once during a surgery.
Ambulatory surgical centers segment to manifest the fastest growth by 2026
The ambulatory surgical centers segment is projected to portray the fastest CAGR of 6.7% through 2026, owing to its better offerings and round the clock presence throughout the week and immediate care along with affordability. However, hospitals segment held the largest share in 2018, accounting more than two-thirds of the market.
North America region to held lion's share
The market across the North America region dominated the market in 2018, contributing more than two-fifths of the market, owing to high purchasing power and better healthcare facilities coupled with rise in adoption rate of autotransfusion systems and prevalence of cardiac diseases. However, the market across the Asia-Pacific region is estimated to register the fastest CAGR of 7.3% during the forecast period, owing to the presence of large untapped opportunities in this region.
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The Major Key Players Are:
• Becton, Dickinson and Company (C.R. Bard)
• Brightwake Ltd
• Fresenius (Fresenius Kabi)
• Getinge AB
• Haemonetics Corporation
• LivaNova PLC
• Medtronic Plc.
• Stryker.
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