Artificial Blood Market Demand And Growth Analysis 2022-28

The global artificial blood market size was valued at USD 3161.3 million in 2021 and is expected to reach USD 6576.3 million by 2028, at a CAGR of 11.9% during the forecast period 2022-2028. Other names for artificial blood replacements include oxygen therapies and oxygen carriers based on hemoglobin. It serves as a replacement for blood transfusions and a means of simulating biological blood's functionality. Transfusions of stored red blood cells are replaced with artificial blood in order to get over issues including a lack of blood donor, a high danger of contamination, and the requirement for cross-matching. Risks associated with allogenic blood transfusions include the spread of infectious diseases, transfusion responses, acute lung injury related to transfusions, delayed postoperative wound healing, immunomodulation, and the possibility of cancer recurrence. It offers the possibility of cutting-edge, life-saving medical procedures. However, the products currently under development are unable to carry out secondary functions of blood, like combating infections. Artificial blood could be a life-saving measure, especially in situations of extreme blood loss after major disasters.

View the detailed report description here - https://precisionbusinessinsights.com/market-reports/artificial-blood-market/

Artificial blood is made from a variety of sources, including stem cells, recombinant haemoglobin, human blood, animal blood, and microbes. Due to its universal blood group and ability to be delivered to patients of any blood type, artificial blood offers significant advantages over human blood. Additionally, no immunological reactions are brought on by artificial blood substitutes. Furthermore, compared to human blood, which has a 42-day shelf life, artificial blood substitute has a shelf life of 3 years or more at room temperature and minimizes the risk of infectious diseases as well as contamination during transfusion. Artificial blood is convenient to store and can be utilized in emergencies.

The global artificial blood market segmentation:
1) By Product Type: Hemoglobin-Based Oxygen Carriers, Perflurocarbon-Based Products, Recombinant Factors, Synthetic Platelets, Plasma Expanders, Others.
2) By Application: Traumatic Injuries, Blood Disorders, Anemia, Surgeries, Others
3) By Distribution Channel: Hospitals, Clinics, Blood Banks.

Request sample report at https://precisionbusinessinsights.com/request-sample?product_id=19801

Artificial Blood Market Regional Analysis:
A rise in traffic accidents, an increase in the incidence of chronic diseases, and an increase in surgeries performed as a result of medical problems are some of the reasons why North America dominates the market for artificial blood replacements. Due to variables like an increase in diabetes cases and an increase in eye surgeries related to diabetic retinopathy-associated blindness, which are two primary applications for HBOCs utilized in this region, Asia-Pacific is anticipated to expand at the greatest growth rate over the projection period.

Key players' profiles in the artificial blood market report are Alpha Therapeutic Corp (U.S.), FluorO2 Therapeutics (U.S.), Plasticell Limited (U.K.)

Contact:
Mr. Satya
Precision Business Insights | Toll-Free: +1 866 598 1553
Email: sales@precisionbusinessinsights.com
Kemp House, 152 - 160 City Road, London EC1V 2NX
Website: https://precisionbusinessinsights.com/ | D U N S® Number: 852781747

About Precision Business Insights:
We are a market research company that strives to provide the highest quality market research insights. Our diverse market research experts are enthusiastic about market research and therefore produce high-quality research reports. We have over 500 clients with whom we have a good business partnership and capacity to provide in-depth research analysis for more than 30 countries. In addition to deliver more than 150 custom solutions, we already have accounts with the top five medical device manufacturers.

Precision Business Insights offers a variety of cost-effective and customized research services to meet particular research requirements. We are a leading research service provider because of our extensive database built by our experts and the services we provide.

This release was published on openPR.