Press release
Artificial Blood Market 2025 | Innovations, Applications & Global Growth Forecast | Latest Companies - Hemarina, KaloCyte, Inc., SpheriTech Limited
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 is comprehensively covered in the DataM Intelligence report, which offers critical data, industry trends, and market intelligence. The study delves into the competitive environment, assessing leading players on their product portfolios, pricing, financial health, strategic growth initiatives, and geographic expansion.
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Artificial blood is a synthetic substitute designed to mimic the oxygen-carrying function of natural blood, used in medical emergencies and surgeries when real blood is unavailable. It aims to improve patient outcomes by enhancing oxygen delivery, reducing transfusion risks, and extending storage life compared to donor blood.
Major players in the Artificial Blood market
The prominent players in Artificial Blood market research report are: Hemarina, KaloCyte, Inc., SpheriTech Limited, and Hemoglobin Oxygen Therapeutics LLC
The companies are primarily focusing on strategies such as new product launches to penetrate the fastest-growing emerging markets across the world.
Artificial Blood Market Dynamics
Rising advancements in research and development are driving the artificial blood market. Ongoing studies focus on improving safety by reducing immunological reactions and toxicity, aiming for safer blood substitutes with fewer side effects. For example, in November 2022, the NIHR launched the RESTORE clinical trial using lab-grown red blood cells. In July 2024, Bioxytran partnered with the Heme Foundation to develop a universal oxygen carrier, and Nara Medical University announced plans for a clinical study of artificial red blood cells for emergency transfusions by March 2025.
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Artificial Blood Market Segments
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
The Artificial Blood industry is experiencing rapid growth, driven by advancements in medical technologies, increased demand for innovative therapies, and a rising focus on patient-centered care. As these sectors evolve, the need for comprehensive market analysis becomes crucial to understand trends, regulatory changes, and emerging opportunities.
Regions Covered:
The global Artificial Blood Market report focuses on six major regions: North America, South America, Europe, Asia Pacific, the Middle East, and Africa.
☞ North America - US, Canada, Mexico
☞ Europe- Germany, Russia, UK, France, Italy, Rest of Europe
☞ Asia Pacific- China, India, Japan, Australia, Rest of Asia Pacific
☞ South America- Brazil, Argentina, Colombia, Rest of South America
☞ Middle East and Africa- Saudi Arabia, UAE, Oman, Bahrain, Qatar, Kuwait, Israel
This Report Covers:
✔ Go-to-market Strategy.
✔ Neutral perspective on the market performance.
✔Development trends, competitive landscape analysis, supply side analysis, demand side analysis, year-on-year growth, competitive benchmarking, vendor identification, Market Access, and other significant analysis, as well as development status.
✔Customized regional/country reports as per request and country level analysis.
✔ Potential & niche segments and regions exhibiting promising growth covered.
✔ Analysis of Market Size (historical and forecast), Total Addressable Market (TAM), Serviceable Available Market (SAM), Serviceable Obtainable Market (SOM), Market Growth, Technological Trends, Market Share, Market Dynamics, Competitive Landscape and Major Players (Innovators, Start-ups, Laggard, and Pioneer).
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DataM Intelligence is a Market Research and Consulting firm that provides end-to-end business solutions to organizations from Research to Consulting. We, at DataM Intelligence, leverage our top trademark trends, insights and developments to emancipate swift and astute solutions to clients like you. We encompass a multitude of syndicate reports and customized reports with a robust methodology.
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