Asia-Pacific Artificial Blood Substitutes Market Growing at a Tremendous CAGR of 24.3% by 2028

Asia-Pacific Artificial Blood Substitutes market research report is a perfect guide for actionable ideas, superior decision-making and better business strategies. The report provides an absolute knowledge and information of changing market landscape, what already exists in the market, future trends, the market expectations, the competitive environment, and strategies that can be undertaken to surpass the competitors. A winning Asia-Pacific Artificial Blood Substitutes market research report unearths different industry verticals such as company profile, contact details of manufacturer, product specifications, geographical scope, production value, market structures, recent developments, revenue analysis, market shares and possible sales volume of the company.

The artificial blood substitutes market is expected to gain market growth in the forecast period of 2021 to 2028. Data Bridge Market Research analyses that the market is growing with a CAGR of 24.3% in the forecast period of 2021 to 2028 and is expected to reach USD 1,762.47 thousand by 2028. Limited availability of fresh blood and its short life span coupled with increasing demand for blood transfusion and increased funding, for the development of blood substitutes acts as driver for the artificial blood substitutes market growth.

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Leading Key Players Operating in the Asia-Pacific Artificial Blood Substitutes Market Includes:
HEMARINA
Hemoglobin Oxygen Therapeutics LLC
KaloCyte, Inc
European Medicines Agency
OPK Biotech LLC
NuvOx Pharma
Prolong Pharmaceuticals, LLC
Boston Therapeutics
Aurum Biosciences

For instance,

In November 2020, Hemarina published a scientific report for anti-inflammatory and antibacterial property of M 101, an oxygen transporter for the treatment of periodontitis. This study has validated the quality of M 101 molecolue, which is derived from haemoglobin of the marine lugworm.

In June 2020, KaloCyte, Inc. received a USD 300k funding from University System of Maryland (USM) Momentum Fund for developing ErythroMer, a synthetic, bio-inspired red blood substitute. This funding has helped the company in developing the ErythroMer at much faster pace.

In May 2020, KaloCyte, Inc. awarded by the National Institutes of Health (NIH) a USD 373,000 Small Buisness Innovation Resaerch (SBIR) Phase I grant. This grant helped the company in advancing KaloCyte product to preclinical safety and efficacy testing in anticipation of human trails.

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Asia-Pacific Artificial Blood Substitutes Market Scope and Market Size:

The artificial blood substitutes market is segmented on the based on the product type, source, application and end user. The growth among segments helps you analyze niche pockets of growth and strategies to approach the market and determine your core application areas and the difference in your target markets.

On the basis of product type, the Asia-Pacific artificial blood substitutes market is segmented into perfluorocarbon (PFCs) and hemoglobin-based oxygen carries (HBOCs). Perfluorocarbon (PFCs) is further segmented into perftoran. Hemoglobin-based oxygen carries (HBOCs) is further segmented into oxyglobin and hemopure. In 2021, the hemoglobin-based oxygen carries (HBOCs) segment is expected to dominate the artificial blood substitutes market due to rising demand for blood sustitutes which eliminates the blood typing and to overcome the shortage of human blood.

On the basis of source, the Asia-Pacific artificial blood substitutes market is segmented into human blood, animal blood, microorganism based recombinant HB, synthetic polymers and stem cells. In 2021, the animal blood segment is expected to dominate the artificial blood substitutes market due to availability of ample amount of source to produce artificial blood.

Asia-Pacific Artificial Blood Substitutes Market, By Region:

The artificial blood substitutes market is analyzed and market size information is provided by the country, product type, source, application and end user as referenced above.

The countries covered in the artificial blood substitutes market report are the China, rest of Asia-Pacific.

Product type segment in China country is expected to grow with the highest growth rate in the forecast period of 2021 to 2028 because of increase in demand for blood transfusion with rising number of patients. The product type segment in Rest of Asia-Pacific is dominating market owing to limited availability of human blood to treat rising number of patients.

The country section of the report also provides individual market impacting factors and changes in regulation in the market domestically that impacts the current and future trends of the market. Data points such as new sales, replacement sales, country demographics, regulatory acts and import-export tariffs are some of the major pointers used to forecast the market scenario for individual countries. Also, presence and availability of Asia-Pacific brands and their challenges faced due to large or scarce competition from local and domestic brands, impact of sales channels are considered while providing forecast analysis of the country data.

Table of Contents -

1 Introduction

1.1 Objectives of the Study

1.2 Market Definition

1.3 Overview of Asia-Pacific Artificial Blood Substitutes Market

1.4 Currency and Pricing

1.5 Limitations

1.6 Markets Covered

2 Market Segmentation

2.1 Markets Covered

2.2 Geographical Scope

2.3 Years Considered For the Study

2.4 DBMR Tripod Data Validation Model

2.5 Primary Interviews with Key Opinion Leaders

2.6 Multivariate Modelling

2.7 Type Lifeline Curve

2.8 DBMR Market Position Grid

2.9 Vendor Share Analysis

2.1 Market End User Coverage Grid

2.11 Secondary Sources

2.12 Assumptions

3 Executive Summary

4 Premium Insight

5 Asia-Pacific Artificial Blood Substitutes Market: Regulations

6 Asia-Pacific Artificial Blood Substitutes Market: Pipeline Analysis

7 Market Overview

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The research provides answers to the following key questions:

What is the estimated growth rate of the market for the forecast period 2022-2028? What will be the market size during the estimated period? What are the key driving forces responsible for shaping the fate of the Energy Harvesting System market during the forecast period? Who are the major market vendors and what are the winning strategies that have helped them occupy a strong foothold in the Energy Harvesting System market? What are the prominent market trends influencing the development of the Energy Harvesting System market across different regions? What are the major threats and challenges likely to act as a barrier in the growth of the Energy Harvesting System market? What are the major opportunities the market leaders can rely on to gain success and profitability?

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