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Blood Processing Disposables Market worth $23.43 billion by 2030, growing at a CAGR of 10.75% - Exclusive Report by 360iResearch
Blood Processing Disposables Market | 360iResearch
The Global Blood Processing Disposables Market to grow from USD 11.46 billion in 2023 to USD 23.43 billion by 2030, at a CAGR of 10.75%.
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Blood processing disposables are medical supplies designed to collect, prepare, store, and transfusion blood and its components. These items are single-use to prevent cross-contamination and ensure safety and integrity of blood supply. This category includes blood collection bags, filters, tubes, needles, lancets, and equipment for separating blood into components such as plasma, platelets, and red blood cells. Blood processing disposables play a crucial role in transfusion medicine, enabling efficient and hygienic handling of blood from donor to recipient, thus safeguarding public health and minimizing the risk of transmitting infections. The global market for blood processing disposables is experiencing robust growth propelled by the increasing prevalence of infectious diseases and the widening demand for blood components for transfusion and supportive therapies in treatments, particularly in oncology. Expanding healthcare infrastructure across emerging economies and improved healthcare policies promoting blood transfusion safety further augment market growth. However, the risk of contamination and transmission of diseases through transfusion is an ongoing concern restraining the adoption of blood-processing disposables. The ongoing research and development aimed at reducing contamination risk and improving the shelf life of blood components offer significant opportunities to expand the blood processing disposables market.
The blood processing disposables market in the Americas has shown robust growth due to the advanced healthcare infrastructure and stringent regulations related to blood safety. The blood processing disposables market in the United States and Canada is driven by robust healthcare infrastructure, high blood donation rates, and stringent regulatory standards ensuring the safety and efficacy of blood transfusions. The U.S. showcases technological innovations, with ongoing investments in research and development leading to the issuance of new patents in blood processing. Consumers in the American region demand high-quality, safe, and reliable blood processing disposables, influencing purchasing behavior toward premium, FDA-approved products. The Asia-Pacific region is experiencing growth in the blood processing disposables market, attributed to the expanding healthcare infrastructure, increasing population, and rising prevalence of chronic diseases requiring surgical interventions and blood transfusions. Countries including China and India are experiencing growth due to increasing healthcare expenditures, growing awareness about blood donation, and improving healthcare infrastructure. The European Union (EU) countries exhibit a high demand for blood processing disposables underpinned by well-established healthcare systems, high standards for patient care, and rigorous regulatory frameworks ensuring the quality of blood transfusion supplies. The Middle East and African region are emerging markets for blood processing disposables with significant growth potential, propelled by increasing investments in healthcare infrastructure and a rising emphasis on regulatory reforms to ensure health and safety standards. A combination of technology adoption rates, regulatory compliance, and the evolving healthcare requirements of the population influences the market dynamics in EMEA.
Market Segmentation & Coverage:
This research report categorizes the Blood Processing Disposables Market in order to forecast the revenues and analyze trends in each of following sub-markets:
Based on Product, market is studied across Blood Administration Sets, Blood Bags, Blood Collection Needles, Blood Collection Tubes, Blood Filters, Blood Lancets, Coagulation Reagents, Hematology Reagents, Microscopic Slides, Sedimentation Tubes, Slide Stainers, Test Tube Racks, and Vials. The Microscopic Slides is projected to witness significant market share during forecast period.
Based on End-Use, market is studied across Academic Institutes, Blood Banks, Clinics, Diagnostic Centers, and Hospitals. The Academic Institutes is projected to witness significant market share during forecast period.
Based on Region, market is studied across Americas, Asia-Pacific, and Europe, Middle East & Africa. The Americas is further studied across Argentina, Brazil, Canada, Mexico, and United States. The United States is further studied across California, Florida, Illinois, New York, Ohio, Pennsylvania, and Texas. The Asia-Pacific is further studied across Australia, China, India, Indonesia, Japan, Malaysia, Philippines, Singapore, South Korea, Taiwan, Thailand, and Vietnam. The Europe, Middle East & Africa is further studied across Denmark, Egypt, Finland, France, Germany, Israel, Italy, Netherlands, Nigeria, Norway, Poland, Qatar, Russia, Saudi Arabia, South Africa, Spain, Sweden, Switzerland, Turkey, United Arab Emirates, and United Kingdom. The Europe, Middle East & Africa commanded largest market share of 37.14% in 2023, followed by Americas.
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FPNV Positioning Matrix:
The FPNV Positioning Matrix is essential for assessing the Blood Processing Disposables Market. It provides a comprehensive evaluation of vendors by examining key metrics within Business Strategy and Product Satisfaction, allowing users to make informed decisions based on their specific needs. This advanced analysis then organizes these vendors into four distinct quadrants, which represent varying levels of success: Forefront (F), Pathfinder (P), Niche (N), or Vital(V).
Market Share Analysis:
The Market Share Analysis offers an insightful look at the current state of vendors in the Blood Processing Disposables Market. By comparing vendor contributions to overall revenue, customer base, and other key metrics, we can give companies a greater understanding of their performance and what they are up against when competing for market share. The analysis also sheds light on just how competitive any given sector is about accumulation, fragmentation dominance, and amalgamation traits over the base year period studied.
Key Company Profiles:
The report delves into recent significant developments in the Blood Processing Disposables Market, highlighting leading vendors and their innovative profiles. These include 3M Company, Abbott Laboratories, Advin Health Care, Beckman Coulter, Inc., Becton, Dickinson and Company, Bio-Rad Laboratories, Inc., BIO-X, Cardinal Health, Inc., Fresenius Kabi AG, GE HealthCare Technologies Inc., Grifols, S.A., Haemonetics Corporation, Kawasumi Laboratories, Inc., Labtech Disposables, Maco Pharma SAS, Medtronic plc, Merck KGaA, Narang Medical Limited, Qiagen N.V., SARSTEDT AG & Co., Siemens Healthineers AG, TERUMO BCT, INC., Terumo Corporation, and Thermo Fisher Scientific Inc..
Key Topics Covered:
1. Preface
2. Research Methodology
3. Executive Summary
4. Market Overview
5. Market Insights
6. Blood Processing Disposables Market, by Product
7. Blood Processing Disposables Market, by End-Use
8. Americas Blood Processing Disposables Market
9. Asia-Pacific Blood Processing Disposables Market
10. Europe, Middle East & Africa Blood Processing Disposables Market
11. Competitive Landscape
12. Competitive Portfolio
The report provides insights on the following pointers:
1. Market Penetration: Provides comprehensive information on the market offered by the key players
2. Market Development: Provides in-depth information about lucrative emerging markets and analyzes penetration across mature segments of the markets
3. Market Diversification: Provides detailed information about new product launches, untapped geographies, recent developments, and investments
4. Competitive Assessment & Intelligence: Provides an exhaustive assessment of market shares, strategies, products, certification, regulatory approvals, patent landscape, and manufacturing capabilities of the leading players
5. Product Development & Innovation: Provides intelligent insights on future technologies, R&D activities, and breakthrough product developments
The report answers questions such as:
1. What is the market size and forecast of the Blood Processing Disposables Market?
2. Which are the products/segments/applications/areas to invest in over the forecast period in the Blood Processing Disposables Market?
3. What is the competitive strategic window for opportunities in the Blood Processing Disposables Market?
4. What are the technology trends and regulatory frameworks in the Blood Processing Disposables Market?
5. What is the market share of the leading vendors in the Blood Processing Disposables Market?
6. What modes and strategic moves are considered suitable for entering the Blood Processing Disposables Market?
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