Emerging Patient Blood Management Market Trend 2025-2034: HEMAsavR Is Enhancing Blood Collection And Transfusion Efficiency In Surgical Procedures

How Is the Patient Blood Management Market Projected to Grow, and What Is Its Market Size?
The market size for patient blood management has seen substantial growth in the last few years. It is projected to expand from $14.86 billion in 2024 to $15.94 billion in 2025, marking a compound annual growth rate (CAGR) of 7.3%. This steady increase during the historical period has likely been influenced by factors such as the increasing occurrence of chronic illnesses, a rise in surgical procedures, government health initiatives, and the growing demand for bloodless operations. Other factors like the enhanced availability of blood substitutes and an increase in demand for high-quality healthcare services have also played a part.

In the coming years, the patient blood management market is projected to witness substantial expansion, reaching a value of $20.92 billion in 2029 with a Compound Annual Growth Rate (CAGR) of 7.0%. This projected growth for the forecast period can be ascribed to factors such as an aging population, increased blood demand, demographic changes, a heightened focus on individualized medicine, a growing need for safe and efficient blood transfusions, and a rise in healthcare expenditure. Notable trends for the forecast period encompass patient-oriented care, data-informed decision making, optimization of hemoglobin, cooperative care, and the broadened application of autologous blood.

What Are the Key Drivers Behind the Growth of the Patient Blood Management Market?
The escalating count of accidents, trauma incidents, and surgical measures is fostering the expansion of the global patient blood management market. To illustrate, data divulged by the UK Department for Transport, a government agency in the UK, in September 2023, showed in Great Britain, the final calculations for recorded road accidents in 2022 are suggestive of 1,711 fatalities. Out of these deaths, males made up 76% and 62% of all casualties of various severities. The rise in accidents, trauma incidents, and surgical measures has triggered an augmented demand for blood and its derivatives, hence pushing the growth of the market.

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Who Are the Major Industry Players Fueling Patient Blood Management Market Expansion?
Major companies operating in the patient blood management market include Haemonetics Corporation, Fresenius SE & Co. KGaA, Terumo Corporation, Immucor Inc., B. Braun Melsungen AG, Macopharma, bioMérieux SA, Asahi Kasei Corporation, KANEKA CORPORATION, Bio-Rad Laboratories Inc, Abbott Laboratories, Grifols, Roche, LIVANOVA PLC, Danaher, Mediware information systems, Kawasumi Laboratories, Haier Biomedical, Diatron MI Zrt., BAG Diagnostics GmbH, Hitachi Ltd., Ortho Clinical Diagnostics, Beckman Coulter Inc., Siemens Healthineers, Thermo Fisher Scientific Inc., Sysmex Corporation, Nihon Kohden Corporation, Radiometer Medical ApS, Instrumentation Laboratory, F. Hoffmann-La Roche Ltd, Grifols Diagnostic Solutions Inc., HemoCue AB

Which Key Developments Are Influencing the Patient Blood Management Market?
HEMAsavR is a sterile medical device designed for capturing and transferring blood, and its utilization is on the rise for collecting and salvaging blood during surgical interventions to swiftly resolve unexpected blood loss situations. This device offers clinicians a cost-effective solution for gathering sterile, anticoagulated blood without the necessity for specialized resources. The result is a reduction in the initial expenses associated with shed blood collection and a potential avoidance of allogenic transfusions. The benefits include lower patient mortality rates, a decrease in infection incidences, and a lesser risk of multi-organ failure.

How Is the Segmentation of the Patient Blood Management Market Defined?
The patient blood management market covered in this report is segmented -

1) By Product: Instruments, Accessories, Reagents And Kits, Software
2) By Component: Plasma, Whole Blood, Red Blood Cells
3) By Application: Hospital, Clinic, Other Applications

Subsegments:
1) By Instruments: Blood Collection Devices, Blood Processing Devices, Blood Transfusion Devices
2) By Accessories: Blood Bags, Transfer Sets, Filters
3) By Reagents And Kits: Blood Typing Reagents, Coagulation Test Kits, Hemoglobin Test Kits
4) By Software: Blood Management Information Systems, Data Management Software, Inventory Management Software

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What Is the Leading Region in the Patient Blood Management Market?
The countries covered in the patient blood management market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA, Italy, Spain, Canada.

What Is Covered In The Patient Blood Management Global Market Report?

- Market Size Analysis: Analyze the Patient Blood Management Market size by key regions, countries, product types, and applications.
- Market Segmentation Analysis: Identify various subsegments within the Patient Blood Management Market for effective categorization.
- Key Player Focus: Focus on key players to define their market value, share, and competitive landscape.
- Growth Trends Analysis: Examine individual growth trends and prospects in the Market.
- Market Contribution: Evaluate contributions of different segments to the overall Patient Blood Management Market growth.
- Growth Drivers: Detail key factors influencing market growth, including opportunities and drivers.
- Industry Challenges: Analyze challenges and risks affecting the Patient Blood Management Market.
- Competitive Developments: Analyze competitive developments, such as expansions, agreements, and new product launches in the market.

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