Autotransfusion Devices Market - What are the Short and long-term actions taken by Key Players During Coronavirus Pandemic?

saurabh jadhav

Autotransfusion Devices Market - What are the Short and long-term actions taken by Key Players During Coronavirus Pandemic?

The global autotransfusion devices market size is predicted to reach USD 320.5 million by 2026, exhibiting a CAGR of 3.2% during the forecast period. The shortage of allogeneic blood andsurge in invasive surgeries in developed as well as developing countries will boost the autotransfusion devices market trends in the forthcoming years. According to a survey conducted by World Health Organization (WHO) in 2016, the patient group over 60 years had the highest consumption of allogeneic blood, accounting for an estimated 79.0% of the total blood transfusion that took place in the developed regions. Moreover, the increasing number of surgical procedures and surge in critical injuriesare factors expected to fuel demand for autotransfusion devices in the foreseeable future.

An Overview of the Impact of COVID-19 on this Market:

The emergence of COVID-19 has brought the world to a standstill. We understand that this health crisis has brought an unprecedented impact on businesses across industries. However, this too shall pass. Rising support from governments and several companies can help in the fight against this highly contagious disease. There are some industries that are struggling and some are thriving. Overall, almost every sector is anticipated to be impacted by the pandemic.

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For More Information : https://www.fortunebusinessinsights.com/industry-reports/autotransfusion-devices-market-101899

According to the report, published by Fortune Business Insights in a report, titled “Autotransfusion Devices Market Size, Share & Industry Analysis, By Product Type (Autotransfusion Systems and Consumables & Accessories) By Application (Cardiovascular Surgeries, Orthopedic Surgeries, Neurological Surgeries, Obstetrics & Gynecological Surgeries, and Others) By End User (Hospitals and Specialty Clinics & Others) and Regional Forecast, 2019-2026” the market size was valued at USD 249.2 million in 2018.

Rising Number of Surgical Procedures to Present Lucrative Opportunities for the Market

The increasing number of surgical procedures due to the utilization of intraoperative & postoperative cell salvage will bolster healthy growth of the market during the forecast period. The rising awareness regarding the complications associated with allogeneic transfusions will contribute positively to the growth of the autotransfusion devices market in the forthcoming years. The rising number of high-bleeding surgeries among patients in developed as well as developing countries will also foster the growth of the market in the forthcoming years. Additionally, the increasing cases of hip and knee replacements are predicted to fuel demand for autotransfusion devices, which, in turn, will boost the autotransfusion devices market revenue. According to a study conducted by the Department of Surgery, University of Pennsylvania, Philadelphia, US, the number of open hernia procedures surged to an estimation of 12.0% during 2009-2013 in the U.S. Moreover, the growing cases of cesarean section procedures will accelerate autotransfusion devices market share in the foreseeable future. For instance, according to OECD, the number of cesarean section procedures in the UK grew from 204,057 in 2016 to 206,620 in 2017.

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