Disposable Blood Transfusion Set Market Supply-Demand, Investment Feasibility and Forecast 2032

The global disposable blood transfusion set market size was valued at USD 150 billion in 2021 and is projected to reach around USD 250 billion in 2030 exhibiting a CAGR of 4.6% in the forecasted period. The increasing burden of fatal accidents and the higher number of trauma and serious injuries are driving the disposable blood transfusion set are expected to increase the market growth. On the other hand, high risk related to the blood donation and transfusion is one of the confining factors limiting the growth.

The global disposable blood transfusion set market is majorly driven by the mounting burden of lethal accidents and the wide presence of trauma and serious injuries. As per the World Health Organization, in April 2021, above 1.3 million people die per year due to road traffic crashes and accidents. Road traffic injuries are the important reason of death amongst people aged between 15 and 29 years. Furthermore, between 20 and 50 million people undergo non-fatal injuries, with many suffering a disability due to the injury. ​ These serious damages are often accompanied by blood collection and transfusion during surgeries to treat fatal injuries. Therefore, the rising burden of surgical processes may grow the attaining rate of disposable blood transfusion set, propelling the market growth.

The growing prevalence of blood-related and other chronic ailments, together with the number of government initiatives to endorse blood collection, blood donation, and storage, are anticipated to drive the industry during the forecasted period. For instance, as per the World Federation Hemophilia, 2019 report, above 20,000 people with hemophilia are born every year with hemophilia, globally, of which about 7,000 are serious.

Moreover, according to the Government of Canada Statistics, as of July 2020, the Canadian geriatric population was 6,835,866, which accounted for 17.5% of the Canadian population. The ratio of seniors in Canada has been growing over time who are more prone to cardiac diseases. Thus, this is anticipated to rise the number of surgical procedures, which is expected to rise the demand for disposable blood transfusion sets.

In the present COVID-19 circumstances, passive immunotherapy using whole blood or plasma from healthier patients has become a probable therapeutic strategy for infections. The theory of transfusing neutralizing antibodies over convalescent blood is an easily accepted strategy among hospitals, globally. Thus, owing to the rapid implementation of passive immunotherapy using blood and plasma, the blood transfusion sets are increasingly being used in storing and transmitting blood during plasma therapy, boosting the market growth.

Download a Free Sample PDF Brochure: https://analyticsmarketresearch.com/sample-request/disposable-blood-transfusion-set-market/47447/

Product Insights

The intravenous needles segment is predicted to hold maximum share by 2021. An intravenous needle is a hollow needle generally used with a syringe to insert substances into the body or remove fluids from it. The availability of the intravenous needles makes it most commonly used in the disposable blood transfusion set market, thus boosting market growth.

End User Insights

The hospital segment was the major contributor in 2021 and is expected to maintain its lead during the forecasted period. The hospitals are dominating the market due to presence of hospitals in developed as well as developing nations with all the required facilities for the blood transfusion procedures.

Region Insights

North America is anticipated to be the leading markets in the disposable blood transfusion set market. Factors, such as the higher penetration of blood tests, coupled with a higher chronic diseases and blood-related ailments in the region, are offering positive growth to the market. Moreover, the presence of well-established and equipped health care infrastructure and risen blood donation activities, along with government initiatives in endorsing the use of disposable blood transfusion sets to prevent infections, are the reasons that may impact market growth certainly.

According to the statistics published by the American National Red Cross in 2018, above 36,000 units of red blood cells are required per day in the US, and nearly 7,000 units of platelets and 10,000 units of plasma are required on the daily basis in the US. A projected number of 6.8 million people contribute blood in the US.

Conversely, the burden of chronic diseases is constantly growing in this region. For instance, as per the International Agency for Research on Cancer Society, stated that in the United States amounted to 2.28 million cancers in 2020, and by 2040, the burden of cancer is projected to touch 3.12 million. Hence, owing to the presence of all the market boosting factors in the region, North America is expected to offer positive growth in the forthcoming period.

Key Companies Insights

To stay competitive in the total market, players are using new approaches such as new product development, mergers and acquisitions, joint ventures, and geographic expansions. Some of the key players working in the global disposable blood transfusion set market include:

· BD

· B. Braun

· TERUMO

· Smiths Medical

· Helm Medical

· Nipro

· TROGE

· WEGO

· Shandong Zibo Shanchuan Medical Instrument

· Jiangxi Sanxin Medtec

· Jiangxi Hongda Medical Equipment Group

· Shanghai Kindly Enterprise Development Group

· Tiankang Medical

· Perfect Medical Ind.Co., Ltd.

· Other players

Some of the Recent Developments:

· In April 2021, Grifols acquired the seven US plasma donation centers from Kedrion for US$ 55.2 million. The acquisition helps Grifols to gain immediate access to the plasma obtained in these centers that obtain nearly 240,000 liters every year.

· In January 2021, Haemonetics Corporation entered into an agreement to acquire Cardiva Medical Inc. The acquisition aims to aid Haemonetics expand and expand its hospital offerings in the large and rising interventional cardiology portfolio, including disposable blood bags.

Direct Purchase Disposable Blood Transfusion Set Market Research Report: https://analyticsmarketresearch.com/purchase/disposable-blood-transfusion-set-market/47447/?license=single

Segments

By Product

· Intravenous Needle

· Blood Transfusion Bottle

· Transfusion Catheters

By End Users

· Hospital

· Blood Transfusion Center

· Research Institute

· Others

Reasons to Purchase Disposable Blood Transfusion Set Market Report
• Qualitative and quantitative analysis of the market based on segmentation involving both economic as well as non-economic factors
• Provision of market value (USD Billion) data for each segment and sub-segment
• Indicates the region and segment that is expected to witness the fastest growth as well as to dominate the market
• Analysis by geography highlighting the consumption of the product/service in the region as well as indicating the factors that are affecting the market within each region
• Competitive landscape which incorporates the market ranking of the major players, along with new service/product launches, partnerships, business expansions, and acquisitions in the past five years of companies profiled
• Extensive company profiles comprising of company overview, company insights, product benchmarking, and SWOT analysis for the major market players
• The current as well as the future market outlook of the industry with respect to recent developments which involve growth opportunities and drivers as well as challenges and restraints of both emerging as well as developed regions
• Includes in-depth analysis of the market of various perspectives through Porter’s five forces analysis
• Provides insight into the market through Value Chain
• Market dynamics scenario, along with growth opportunities of the market in the years to come

Get More Info: https://analyticsmarketresearch.com/reports/disposable-blood-transfusion-set-market/47447/

Frequently Asked Questions
• What is the market size and growth projections?
• What is the market size and growth projection for each of the market segments and sub-segments across Countries & Regions?
• What are the top performing segments, and countries / regions of each of the markets?
• What is the market size and growth rate across key countries / regions?
• How big is the global & regional market in terms of revenue and volume?
• How far market will grow in forecast period in terms of revenue and volume?
• What factors will influence demand and supply trends across each markets during the forecast period?
• What are the technology trends shaping various markets?
• Which country / region has more opportunities?
• What is the COVID-19 impact on the market and how long will it take to recover?
• Who are the key competitors of market Players?
• What are the market share (%) of Key Players?
• What are the Merger & Acquisition, New Product Launch, Recent Development within each of the Markets?
• What are PEST analysis, Ecosystem Analysis, Porter's Five Forecast Analysis, Ansoff Matrix, and SWOT Analysis among other analyses for diverse markets?

Contact US:
Analytics Market Research
99 WALL STREET, #2124 NEW YORK, NY 10005
Phone: +1(650)-666-4592
Email: sales@analyticsmarketresearch.com
Website: https://analyticsmarketresearch.com/contactus/

About US:
Analytics Market Research is an established market analytics and research firm with a domain experience sprawling across different industries. We have been working on multi-county market studies right from our inception. Over the time, from our existence, we have gained laurels for our deep rooted market studies and insightful analysis of different markets.

Our strategic market analysis and capability to comprehend deep cultural, conceptual and social aspects of various tangled markets has helped us make a mark for ourselves in the industry. Analytics Market Research is a frontrunner in helping numerous companies; both regional and international to successfully achieve their business goals based on our in-depth market analysis. Moreover, we are also capable of devising market strategies that ensure guaranteed customer bases for our clients.

This release was published on openPR.