Artificial Blood Market to Reach US$ 7.19 Billion by 2031, Driven by Hemarina, KaloCyte & SpheriTech

Global Artificial Blood Market reached US$ 3760.00 million in 2023 and is expected to reach US$ 7194.83 million by 2031, growing at a CAGR of 8.7% during the forecast period 2024-2031.

Artificial Blood Market report, published by DataM Intelligence, provides in-depth insights and analysis on key market trends, growth opportunities, and emerging challenges. Committed to delivering actionable intelligence, DataM Intelligence empowers businesses to make informed decisions and stay ahead of the competition. Through a combination of qualitative and quantitative research methods, it offers comprehensive reports that help clients navigate complex market landscapes, drive strategic growth, and seize new opportunities in an ever-evolving global market.

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Artificial Blood, or blood substitute, is a substance designed to mimic and fulfill some functions of biological blood. It aims to transport oxygen and carbon dioxide in the body. These substitutes are useful when real blood is unavailable or unsuitable. Challenges include ensuring safety, efficacy, and compatibility. Research continues to develop viable artificial blood products.

List of the Key Players in the Artificial Blood Market:

Hemarina, KaloCyte, Inc., SpheriTech Limited, and Hemoglobin Oxygen Therapeutics LLC.

Industry Development:

☛ On July 18, 2024, Bioxytran, Inc. announced a joint venture with the Heme Foundation to develop a Universal Oxygen Carrier (UOC) as an alternative to blood transfusions.

☛ Additionally, on July 27, 2024, Nara Medical University revealed plans to initiate a clinical study on artificial red blood cells designed for emergency transfusions in Japan, set to begin by March 2025.

Assessing the Effects of U.S. Tariffs on the Market

The U.S. tariff war is reshaping how businesses analyze trends and make strategic decisions. As tariffs drive up costs and disrupt supply chains, companies are increasingly focused on understanding consumer behavior, identifying new sourcing opportunities, and adjusting their operations to remain competitive. The ongoing uncertainty has created a stronger demand for timely insights and data-driven strategies to navigate shifting trade dynamics and economic pressures.

Research Process:

Both primary and secondary data sources have been used in the global Artificial Blood Market research report. During the research process, a wide range of industry-affecting factors are examined, including governmental regulations, market conditions, competitive levels, historical data, market situation, technological advancements, upcoming developments, in related businesses, as well as market volatility, prospects, potential barriers, and challenges.

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Segment Covered in the Artificial Blood Market:

By Product Type: Hemoglobin-based Oxygen carriers, Perfluorocarbon emulsion

By Source: Human Hemoglobin, Animal Hemoglobin, Stem Cells, Synthetic Polymers, Microorganisms, Others

By Process: Synthetic Production, Chemical Isolation, Recombinant Biochemical Technology

By Application: Anemia, Organ Transplantation, Injuries & Trauma, Cardiovascular diseases, Maternal conditions, Others

By End-User: Hospitals, Clinics, Blood Banks, Research Institutes, Others

Regional Analysis for Artificial Blood Market:

The regional analysis of the Artificial Blood Market covers key regions including North America, Europe, Asia Pacific Middle East and Africa and South America. The North America with a focus on the U.S., Canada, and Mexico; Europe, highlighting major countries like the U.K., Germany, France, and Italy, along with other nations in the region; Asia-Pacific, covering India, China, Japan, South Korea, and Australia, among others; South America, with emphasis on Colombia, Brazil, and Argentina; and the Middle East & Africa, which includes Saudi Arabia, the U.A.E., South Africa, and other countries. This comprehensive regional breakdown helps identify unique market trends and growth opportunities specific to each area.

⇥ North America (U.S., Canada, Mexico)

⇥ Europe (U.K., Italy, Germany, Russia, France, Spain, The Netherlands and Rest of Europe)

⇥ Asia-Pacific (India, Japan, China, South Korea, Australia, Indonesia Rest of Asia Pacific)

⇥ South America (Colombia, Brazil, Argentina, Rest of South America)

⇥ Middle East & Africa (Saudi Arabia, U.A.E., South Africa, Rest of Middle East & Africa)

Benefits of the Report:

➡ A descriptive analysis of demand-supply gap, market size estimation, SWOT analysis, PESTEL Analysis and forecast in the global market.

➡ Top-down and bottom-up approach for regional analysis

➡ Porter's five forces model gives an in-depth analysis of buyers and suppliers, threats of new entrants & substitutes and competition amongst the key market players.

➡ By understanding the value chain analysis, the stakeholders can get a clear and detailed picture of this Market

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People Also Ask:

➠ What is the global sales, production, consumption, import, and export value of the Artificial Blood market?

➠ Who are the leading manufacturers in the global Artificial Blood industry? What is their operational status in terms of capacity, production, sales, pricing, costs, gross margin, and revenue?

➠ What opportunities and challenges do vendors in the global Artificial Blood industry face?

➠ Which applications, end-users, or product types are expected to see growth? What is the market share for each type and application?

➠ What are the key factors and limitations affecting the growth of the Artificial Blood market?

➠ What are the various sales, marketing, and distribution channels in the global industry?

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