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Autotransfusion Devices Market Analysis 2024 -2033: Forecasted Market Size, Top Segments, And Largest Region | Becton Dickinson And Company, Medtronic plc, LivaNova plc, Haemonetics Corporation, Fresenius SE & Co KGaA
Autotransfusion Devices Market Characteristics
The Business Research Company offers in-depth market insights through Autotransfusion Devices Global Market Report 2024, providing businesses with a competitive advantage by thoroughly analyzing the market structure, including estimates for numerous segments and sub-segments.
Market Size And Growth Forecast:
The autotransfusion devices market size has grown strongly in recent years. It will grow from $1.17 billion in 2023 to $1.24 billion in 2024 at a compound annual growth rate (CAGR) of 6.0%. The growth in the historic period can be attributed to increase in surgical procedures, cardiovascular disease prevalence, orthopedic surgeries and joint replacements, focus on patient safety, efforts to reduce blood transfusion costs.
The autotransfusion devices market size is expected to see strong growth in the next few years. It will grow to $1.57 billion in 2028 at a compound annual growth rate (CAGR) of 6.0%. The growth in the forecast period can be attributed to growing geriatric population, expansion of ambulatory surgical centers, focus on blood conservation in obstetrics, adoption in developing healthcare markets. Major trends in the forecast period include technological advancements in blood processing, integration of advanced sensors, customization for different procedures, single-donor closed-loop systems, miniaturization of devices.
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Market Segmentation:
The autotransfusion devices market covered in this report is segmented -
1) By Product Type: Autotransfusion Systems, Consumables And Accessories
2) By Application: Cardiovascular Surgeries, Orthopedic Surgeries, Neurological Surgeries, Obstetrics And Gynecology Surgeries, Other Applications
3) By End-Use: Hospitals, Specialty Clinics, Other End Users
Major Driver - Autotransfusion Device Market Soars Amidst Rising Prevalence Of Cardiovascular Diseases
Increasing prevalence of cardiovascular diseases is expected to propel the growth of the autotransfusion device market going forward. Cardiovascular diseases (CVDs) refer to a group of disorders affecting the heart and blood vessels. Autotransfusion devices contribute to the trend of minimizing the use of allogeneic blood transfusions. Allogeneic transfusions involve donated blood from external sources, and autotransfusion allows for the reinfusion of the patient's own blood, reducing the risk of transfusion reactions and complications associated with donor blood. For instance, according to the Heart Disease and Stroke Statistics-2022 Update report by American Heart Association, a US-based non-profit organization, cardiovascular diseases (CVDs) remain the leading cause of death globally, taking an estimated 17.9 million lives each year. Therefore, the increasing prevalence of cardiovascular diseases is driving the growth of the autotransfusion device market.
Competitive Landscape:
Major companies operating in the autotransfusion devices market report are Becton Dickinson And Company, Medtronic plc, LivaNova plc, Haemonetics Corporation, Fresenius SE & Co KGaA, Terumo Corporation, Asahi Kasei Medical Co. Ltd., Miltenyi Biotec, B. Braun Melsungen AG, GE HealthCare Technologies Inc., Cerus Corporation, Stryker Corporation, Atrium Medical Technologies, Brightwake Ltd., Getinge AB, Advancis Surgical, Beijing ZKSK Technology Co. Ltd., Braile Biomédica, Redax S.p.A., Teleflex Incorporated, Zimmer Biomet Holdings Inc., Gen World Medical Devices Corporation, Soma Technology International LLC, ProCell Surgical Inc., Beijing Jingjing Medical Equipment Co. Ltd., Johnson & Johnson Inc., Sorin Group, Baxter International Inc., Dideco, Nipro Corporation, Advantech Wireless Technologies Inc.
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Top Trend - Omnicell And Fresenius Kabi Forge Strategic Partnership To Elevate Controlled Substance Management In Autotransfusion Devices
Major companies operating in the autotransfusion devices market are undergoing strategic partnerships to enhance management of controlled substances. Collaboration allows companies to combine their expertise and resources for the development of advanced technologies and innovative solutions in autotransfusion devices. For instance, in November 2021, Omnicell, a US-based healthcare company and Fresenius Kabi, a Germany-based pharmaceutical company joined forces to improve controlled substance management in healthcare settings. Their collaboration aims to streamline the management of autotransfusion devices and other controlled substances, ensuring patient safety and regulatory compliance.
The Table Of Content For The Market Report Include:
1. Executive Summary
2. Autotransfusion Devices Market Characteristics
3. Autotransfusion Devices Market Trends And Strategies
4. Autotransfusion Devices Market - Macro Economic Scenario
5. Autotransfusion Devices Market Size And Growth
…..
27. Autotransfusion Devices Market Competitor Landscape And Company Profiles
28. Key Mergers And Acquisitions
29. Future Outlook and Potential Analysis
30. Appendix
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