Press release
Blood And Blood Products Market to Witness Huge Growth by 2031 -American Red Cross, Australian Red Cross Blood Service , Abbott Laboratories.
Blood and Blood Products Market is expected to grow at a high CAGR of 7% during the forecast period (2024-2031).A blood product refers to any therapeutic substance derived from human blood, which includes whole blood, blood components used for transfusions, and plasma-derived pharmaceutical compounds. These medicinal products, obtained from human blood and plasma donations, are crucial in medical care, serving a variety of therapeutic and clinical purposes.
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Market Dynamics:
Rise in risk of infections during transfusion is likely to hamper the market growth
The growth of the blood and blood components market is being hindered by the increased risk of infection during blood transport to patients. Concerns about Transfusion Transmitted Infections (TTIs) lead many to avoid using donated blood, which impedes market expansion. The primary viral agents associated with blood transfusion risks include Human Immunodeficiency Virus (HIV), Hepatitis Viruses, West Nile Virus (WNV), and Human T-cell Lymphotropic Viruses (HTLVs).
Segment Covered in the Blood And Blood Products Market:
By Product: Whole Blood, Blood Components.
By Application: Anemia, Trauma and Surgery, Cancer Treatment, Bleeding Disorders.
By Blood Components: Red blood cells, White blood cells, Platelets.
By End User: Hospitals, Blood and Blood component bank, Diagnostic Laboratories, Ambulatory Surgical Centers, Others.
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Key players involved in Blood And Blood Products Market:
• American Red Cross.
• Australian Red Cross Blood Service.
• Abbott Laboratories.
• Blood Centers of America.
• Becton , Dickinson & Co.
• German Red Cross.
• Nipro Medical Corporation.
• American Association of Blood Banks.
• AVIS National.
• National Blood Authority Australia.
• Vitatant, Baxter International Inc.
• Immucor ,Novartis.
• Novo Nordisk ,Ortho Clinical Diagnostics.
• Roche Diagnostics, Sarstedt AG &Co.
• Medtronic Plc.
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Product Portfolio:
Medtronic Plc
Medtronic Plc is a leading medical technology and services company headquartered in the United States. It provides a broad range of medical devices and technologies to hospitals, physicians, clinicians, and patients.
Regional Analysis:
The global Blood And Blood Products Market report focuses on six major regions: North America, Latin America, Europe, Asia Pacific, the Middle East, and Africa. The report offers detailed insight into new product launches, new technology evolutions, innovative services, and ongoing R&D. The report discusses a qualitative and quantitative market analysis, including PEST analysis, SWOT analysis, and Porter's five force analysis. The Blood And Blood Products Market report also provides fundamental details such as raw material sources, distribution networks, methodologies, production capacities, industry supply chain, and product specifications.
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