Blood Processing Devices and Consumables Market: Global Market Estimation, Dynamics, Regional Share, Trends, Competitor Analysis 2012-2016 and Forecast 2017-2023

Blood Processing Devices and Consumables Market: The process of transfer the blood or blood products into one’s circulation intravenously known as blood transfusion. Early transfusions generally used whole blood transfusion, but advancements in technology, able to transfuse blood components such as RBC, plasma and platelets. After the collection of blood before the transfusion, the blood is stored and processed to make sustainable for use in the specific patient population. Various devices and consumables are used in storage and processing the blood. The devices are used such as refrigerators to maintain the temperature, blood component separating devices such as centrifugation devices and others. Consumables are vials, storage pockets, blood grouping reagents and others.

Global Blood Processing Devices and Consumables Market:

Blood processing devices and consumables market are mainly driven by the increased transmission of diseases through blood transfusion and blood donation. In addition, increased awareness of blood donation, increase in demand for the blood and blood products in the geriatric population, growth rates of blood donation, and favourable government support and policies are expected to boost the blood processing devices and consumables market over the forecast period. Furthermore, technological advancements in blood storage and processing devices and growing awareness in proper management of blood during the transfusion and donation may drive the market growth. Moreover, increase in R&D investment in regenerative medicine and cell therapies may have the positive growth impact on blood processing devices market. However, lack of skilled healthcare professionals and high cost acts as restraints for the blood processing devices and consumables market over the forecast period.

Global blood processing devices and consumables market is segmented based on product type and end user

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Based on product type, blood processing devices and consumables market is segmented into

• Blood Processing Devices
o Blood Cell Processors
o Blood Grouping Analyzers
o Blood Bank Freezers and Refrigerators
o Blood Warmers
o Hematocrit Centrifuges
o Others

• Blood Processing Consumables
o Blood Grouping Reagents
o Slides
o Blood Administration Sets
o Coagulation Reagents
o Blood Filters
o Blood Lancets
o Blood Bags
o Blood Collection Tubes
o Sedimentation Tubes Others

Based on end user, blood processing devise and consumables market is segmented into

• Hospitals
• Clinics
• Blood Banks
• Research Centers
• Others

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Global blood processing devices and consumables market have plenty of market players and it is consolidated. In terms of processing devices, strong market players are present. Companies are focused on new product developments and market expansions to strengthen their market share. For instance, in August 2015, Bio-Rad Laboratories, Inc. launched the IH-500, a fully automated random access system for blood typing and screening. Furthermore, companies are also strengthening position by acquiring the other companies operating in same market. For instance, in Agust 2012, Haemonetics Corporation acquired business assets of blood collection, filteration and processing product lines of Pall Corporation.

Blood processing devices and consumables market are segmented into Latin America, Europe, Asia-Pacific, North America, and the Middle East & Africa. North America is expected to have major share in blood processing devices and consumables market owing to the factors such as growing rates of blood donation and transfusion, increase in R&D in blood and blood products and growing awareness on blood infectious diseases. Europe market is expected to grow at significant rates owing to growing aging population that requires blood transfusion and growing rates of blood donation. Asia-Pacific region is expected to have lucrative market growth opportunity owing to growing healthcare infrastructure and growing rates of blood donation. According to World Health Organization (WHO), about 112.5 Mn blood donations are collected worldwide and more than half of these are collected from high-income countries.

Some of the players in blood processing devices and consumables market includes Woodley Equipment Company Ltd. (UK), B Medical Systems S.à r.l. (Luxembourg), Becton, Dickinson and Company (U.S.), Abbott Laboratories (U.S.), BioMérieux (France), Thermo Fisher Scientific (U.S.), Bio-Rad Laboratories (U.S.), Beckman Coulter Inc. (U.S.), Grifols, S.A. (Spain), Fresenius SE & Co. KGaA (Fenwal) (Germany), and F. Hoffmann-La Roche AG (Switzerland) to name a few.

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Key Features of the Report

• The report provides granular level information about The market size, regional market share and forecast from 2017-2023
• The report covers in-detail insights about The competitor’s overview, key findings and Their key strategies
• The report outlines drivers, restraints, challenges, and trends that are currently faced by The industry
• The report tracks recent innovations, key developments and startup’s details that are working in The industry
• The report provides plethora of information about market entry strategies, regulatory framework and reimbursement scenario

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