Global Blood Processing Devices and Consumables Market
was valued at USD 27.27 billion in 2012 and is estimated to reach a market
worth USD 49.16 billion in 2019 at a CAGR of 8.9% from 2013 to 2019.
The growth of the blood processing devices and
consumables market is driven by factors such as increase in aging population,
increasing cancer therapies, emergence of infectious diseases (HIV and
Hepatitis) and significant rise in surgical procedures. In addition, strict
government regulations across the world are also positively impacting market
growth. Moreover, manufacturers are developing improved and automated products
for collection, processing and storage of blood and blood components. According
to WHO, it is estimated that global population over age 60 years would double
from 11% (2000) to 22% (2050). People aged 60 and above are more prone to
cancer risk and other surgical procedures. Hence, graying population and increasing
demand of cell therapy will act as driving factors for the growth of this
market.
Blood processing devices and consumables market is a
rapidly developing field, and have been witnessing numerous technological
advancements Growth of the market is influenced under the rising demand for
pathogen-free blood. Blood being a vital component of the body, is routinely
used in wide range of hospital procedures for transplantations, cancer
therapies and other forms of surgeries. Therefore, safe blood supply is integral
in surgical and other blood transfusion procedures. Manufacturers are
developing automated products to reduce blood associated risks. Automaton of
devices reduces human intervention, requires less number of professionals and
also reduces the risk of pathogen development. Therefore, automated devices and
consumables have been gaining lot of popularity in recent times.
Automated cell processors and automated blood
collection devices have become one of the standard procedures for blood
procurement, thereby further giving a boost to this market. Other major
technological advancements include blood bags with in-built filters, blood
collection monitors, and tube sealers which are further supplementing the
market growth.Blood bags used in each step of blood collection, processing,
storage and delivery account for the largest share in blood processing
consumables segment. Coagulation reagents, which are used for detecting
bleeding disorders and coagulation rate is the fastest growing segment of blood
processing consumables market and is poised to grow at a CAGR of 13.3%.
North America accounts for the largest share of the
blood processing devices and consumables market owing to the developed
economies in this region. In North America, more than 27 million units of blood
and blood components are transfused each year. Therefore, to meet this huge
blood requirement, the market is characterized by government support, increased
public awareness and presence of technologically advanced equipments. Despite
the developed countries holding a major share, Asia-Pacific region is poised to
show a significant growth in the coming years. Expanding population bases in
countries such as India and China, coupled with increasing epidemic of diseases
such as dengue and chikunguniya will boost the market demand and successive
growth. Additionally, the government in these nations is focused towards
improving healthcare infrastructure, thus, in turn, further propelling the
growth of this market.
Blood processing devices and consumable market is
witnessing intense competition among the players which are willing to offer
complete reliable and cost-effective products. Some of the significant key
players in this market include Terumo BCT, Fresenius Kabi, Haemonetics
Corporation, Immucor, Inc., Abbott Diagnostics and others. Manufacturers are
entering into strategic alliances with other players for the development and
commercialization of new and innovative products, for maintaining the
competitive edge.
The global blood processing devices and consumables
market is segmented into the following categories:
Blood Processing Devices and Consumables
Market, by Product Types
- Blood
Processing Devices
- Blood
Bank Refrigerators
- Blood
Bank Freezers
- Blood
Cell Processors
- Blood
Warmers
- Blood
Grouping Analyzers
- Hematocrit
Centrifuges
- Blood
Processing Consumables
- Blood
Bags
- Blood
Administration Sets<
- Blood
Collection Needles
- Sedimentation
Tubes
- Vials
- Test
Tube Racks
- Blood
Collection Tubes
- Slide
Stainer
- Microscopic
Slides
- Blood
Lancets
- Coagulation
Reagents
- Hematology
Reagents
- Blood
Grouping Reagents
- Blood
Filters
Blood Processing Devices and Consumables
Market, by Geography
- North
America
- Europe
- Asia-Pacific
- RoW
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