Patient Blood Management Market Growing Popularity and Emerging Trends in the Market During Forecast Period (2022-2027)

Global patient blood management (PBM) market currently worth of around US$11 Bn is projected for healthy growth prospects in the near future. As the blood transfusion space continues to transform and the conventional way of disease treatment delivery evolves, the need for conservation of blood resources becomes of paramount importance. This remains the key driving force for patient blood management market, says a new research study of Fairfield Market Research. The report suggests that the significance of effective patient blood management will grow with rising demand for assured availability of blood for effective disease treatment. The market is expected to gain from the year-over-year reducing rate of post-operative morbidity. An increasing number of physicians are likely to generate demand for PBM solutions as it can potentially help in reducing the number of donors with each year.

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Blood Banks Continue to Play an Indispensable Role in Market Expansion

Blood banks currently register the maximum consumption of PBM system. The technique is particularly used at blood banks for platelets considering their shorter shelf-life, and specific storage and transfer needs. When it comes to ensuring preservation of platelets in their original form to prevent potential transfusion/post-transfusion complications, effective patient blood management plays a crucial role. PBM has also become a preferred techniques among blood banks for red blood cells. It is thus most likely that blood banks will continue to be the prime consumer segment in global patient blood management market.

Interest Around PBM Builds up in the Backdrop of Global Anaemia Burden

Anaemia continues to be among the leading concerning health conditions worldwide. Many other associated conditions such as cancers, heart failure, kidney disorder(s), stroke, autoimmune disorder(s), and chronic obstructive pulmonary disease (COPD) further point to the growing severity of anaemia. Specifically targeting the chronic disease patient population, PBM is being increasingly perceived as an effective, and practically dependable solution to unnecessary blood transfusions. Growing preference for PBM also promotes optimum haemoglobin care, thereby pushing the overall growth prospects of market. Moreover, as medical facilities aim for minimum intraoperative blood transfusion, reduced perioperative blood loss, and optimum post-operative IV fluid management, PBM market is poised for a surge in future.

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PBM Landscape Spreads its Roots Stronger in North America

The market for patient blood management has been building up stronger over the recent past in North America. While this proliferation is clearly attributable to the supportive force given by hospitals and other healthcare facilities, universities and academic research organisations, private companies, as well as governments, the report highlights that growing public awareness also plays an instrumental role for market. North America's blood transfusion market has been important, globally, and one of the strongest factors pushing this growth is the increasing public awareness about blood transfusion, safer practices, and role of technology. Clinics, and hospitals have been increasingly showing inclination toward safer transfusion practices through adoption of patient blood management tools.

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