Synthetic Blood Substitutes and Blood Product Market | Blood transfusion expected to drive the market growth reaching nearly USD 21.28 Bn by 2021

Synthetic Blood Substitutes and Blood Product Market | Blood transfusion expected to drive the market growth reaching nearly USD 21.28 Bn by 2021

Pune 27, Feb 2023: As per Maximize Market research, a global business research and consultancy firm, the total global market for "Synthetic Blood Substitutes and Blood Product Market" was USD 5.47 Bn in 2021 at a growth rate of 18.5 percent over the forecast period to reach USD 21.28 Bn by 2029. Demand for blood transfusion is expected to drive the Synthetic Blood Substitutes and Blood Product Market growth.

Synthetic Blood Substitutes and Blood Product Market Scope and Research Methodology

The report on Synthetic Blood Substitutes and Blood Product Market provides a thorough analysis of the market that is equipped with a major key finding that includes major market drivers, opportunities, challenges, regional outlook, and growth rate. The report acts as a guide for investors as well as manufacturers in the Synthetic Blood Substitutes and Blood Product market. The report provides the size of the Synthetic Blood Substitutes and Blood Product Market and the Compound Annual Growth Rate for the forecast period (2022 to 2029).

The bottom-up approach is used for the estimation of several Synthetic Blood Substitutes and Blood Product Market sectors. Regional analysis of the Synthetic Blood Substitutes and Blood Product Market is conducted at the local, regional, and global levels. The Synthetic Blood Substitutes and Blood Product Market was divided into three segments, which include application, and type. SWOT and PESTLE analysis were used for the Synthetic Blood Substitutes and Blood Product market research that combines quantitative and qualitative methods of research. Data was collected through both primary and secondary research method for the appropriate result from the Synthetic Blood Substitutes and Blood Product Market, as well as report guide properly to the investor, manufacturers and gives a futuristic business view.

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Blood transfusion is expected to drive the Synthetic Blood Substitutes and Blood Product Market growth

Blood transfusion is needed for the diseases such as cancer, malignant neoplasm, CVDS, organ transplantations, surgeries, and others. Numerous diseases are treated with blood transfusion. Blood substitutes are synthetic agents with universal compatibility, act as substitutes for red blood cells. Increasing road accidents cause huge blood loss, needs blood transfusion which are expected to drive the Synthetic Blood Substitutes and Blood Product market growth.

The instability and lower shelf life of artificial blood products and certain regulation for the approval process are expected to restrain the Synthetic Blood Substitutes and Blood Product market growth.

North America region is expected to dominate the Synthetic Blood Substitutes and Blood Product market over the forecast period

The North American region held 38 percent of the total Synthetic Blood Substitutes and Blood Product market share in 2021 and is expected to hold the largest market share by 2029. Adoption of the latest technology and advancement in stem cell research and development with health insurance coverage in countries like US, Canada, and Mexico are expected to drive the Synthetic Blood Substitutes and Blood Product Market growth. Advanced healthcare system provided by the government and private sectors boosts the Synthetic Blood Substitutes and Blood Product market growth.

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Synthetic Blood Substitutes and Blood Product Segmentation

Based on End Use, Hospitals and Clinics segment is expected to drive the market growth during the forecast period

Maximize Market Research provides an analysis of the key trends in each sub-segment of the global Synthetic Blood Substitutes and Blood Product market report, along with forecasts at the global and regional levels from 2022-2029. The report has categorized the market based on source, type, application, and End-use. Hospitals and Clinics Segment held the largest Synthetic Blood Substitutes and Blood Product market share around 58 percent in 2021. Highly skilled healthcare professionals, and prevention centers are expected to drive the Hospitals and clinics segment.

By Source:

Human Blood
Animal Blood
Microorganisms
Synthetic Polymers
Stem Cells
Others
By Type:

Perfluorocarbon Based Product (PFC)
Haemoglobin Based Oxygen Carrier
Synthetic Platelet
Recombinant Factor
Blood Expander
By Application:

Cardiovascular Diseases
Anaemia
Malignant Neoplasm
Injury and Trauma
Neonatal Conditions
Maternal Conditions
Organ Transplant
By End Use:

Hospitals and Clinics
Blood Banks
Others
Synthetic Blood Substitutes and Blood Product Market Key Players include:

Aurum Biosciences Ltd
Hemarina SA
KaloCyte Inc.
NuvOx Pharma LLC
Northfield Laboratories
Dentritech, Inc.
HemoBioTech, Inc.
Dextro-Sang Corp.
Baxter International
FluorO2 Therapeutics
Alpha Therapeutic Corp.
Hemoglobin Oxygen Therapeutics LLC
SpheriTech Ltd
Sangart, Inc.
BioPure
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Table of content for the Synthetic Blood Substitutes and Blood Product Market includes:

Global Synthetic Blood Substitutes and Blood Product Market: Research Methodology
Global Synthetic Blood Substitutes and Blood Product Market: Executive Summary
Market Overview and Definitions
Introduction to Global Residential Roofing Market
Summary
Key Findings
Recommendations for Investors
Recommendations for Market Leaders
Recommendations for New Market Entry

Global Synthetic Blood Substitutes and Blood Product Market: Competitive Analysis
MMR Competition Matrix
Market Structure by region
Competitive Benchmarking of Key Players
Consolidation in the Market
M&A by region
Key Developments by Companies
Market Drivers
Market Restraints
Market Opportunities
Market Challenges
Market Dynamics
PORTERS Five Forces Analysis
PESTLE
Regulatory Landscape by region
North America
Europe
Asia Pacific
Middle East and Africa
South America
COVID-19 Impact

Global Synthetic Blood Substitutes and Blood Product Market Segmentation
Global Market, by Source (2021-2029)
Global Market, by Type (2021-2029)
Global Market, by Application (2021-2029)
Global Market, by End-Use (2021-2029)

Regional Synthetic Blood Substitutes and Blood Product Market(2021-2029)
Regional Market, by Source (2021-2029)
Regional Market, by Type (2021-2029)
Regional Market, by Application (2021-2029)
Regional Market, by End-Use (2021-2029)
Regional Market, by Country (2021-2029)

Company Profile: Key players
Company Overview
Financial Overview
Global Presence
Capacity Portfolio
Business Strategy
Recent Developments
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Key Offerings:

Past Market Size and Competitive Landscape (2018 to 2021)
Past Pricing and price curve by region (2018 to 2021)
Market Size, Share, Size & Forecast by different segment | 2022-2029
Market Dynamics - Growth Drivers, Restraints, Opportunities, and Key Trends by region
Market Segmentation - A detailed analysis by Source, Type, Application, and End-Use
Competitive Landscape - Profiles of selected key players by region from a strategic perspective
Competitive landscape - Market Leaders, Market Followers, Regional player
Competitive benchmarking of key players by region
PESTLE Analysis
PORTER's analysis
Value chain and supply chain analysis
Legal Aspects of business by region
Lucrative business opportunities with SWOT analysis
Recommendations
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