The global blood preparation market size is anticipated to expand during the forecast period, 2021–2028. The growth of the market is attributed to the growing demand for blood and its components in surgical procedures.
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Blood is a fluid that circulates in the human body and contains platelets, plasma, red blood cells, and white blood cells as its main components. It provides nutrients, oxygen, and eliminates waste from the body. Until being transfused, blood is processed and sorted into major components in hospitals. People need blood transfusions for a variety of reasons including surgical operations, diseases infection, or disease treatment, which help to supply the requirement of blood. Previously, the whole blood was often collected and separated; however, thanks to automated collection, only the blood components needed for transfusion are now collected. Automated blood collection and preparation is becoming more common these days for various applications of blood components transfusion.
Market Trends, Drivers, Restraints, and Opportunities
- Increasing incidence of road accidents and injuries leading to an increase in surgical procedures and growing awareness of blood donation are expected to fuel the market growth.
- The implementation of new technologies for blood transfusion as well as the growing use of plasma and platelet transfusion in the pharmaceutical industry are expected to contribute the market growth.
- Various governments’ policies around the world encouraging to increase blood donation rates by implementing reimbursement policies as well as monetary benefits for donors are expected to propel the global market expansion.
- Existing some degree of problems associated with unsafe handling of blood and blood products are key challenges that can hamper the market growth.
- Technological advancement that helps in the development of new techniques for blood preparation by maintaining a safe storage of bloods are creating major opportunities for the market players.
Blood Preparation Market Segment Insights
Whole blood segment to account for a key market share
Based on products, the global blood preparation market is segmented into whole blood, blood derivatives, and blood components. The whole blood segment is projected to account for a key market share during the forecast period owing to the growing demand for whole blood for major surgeries and transfusions as well as its certain benefits such as ease of availability, low cost, and maintenance. Meanwhile, the blood derivatives segment is expected to expand at a fast CAGR during the forecasted period.
Anticoagulants segment to grow significantly
On the basis of antithrombotic and anticoagulants types, the market is categorized into platelet aggregation inhibitors, fibrinolytic, and anticoagulants. The anticoagulants segment dominated the market in 2020 and is expected to grow significantly during the forecast period.
Thrombocytosis segment to holds a key market share
Based on antithrombotic and anticoagulants applications, the global blood preparation market is segmented into thrombocytosis, pulmonary embolism, renal impairment, angina blood vessel complications, and others.
North America dominated the market with a large revenue share
In terms of regions, the market is classified as Asia Pacific, North America, Latin America, Europe, and Middle East & Africa. North America held a dominant share of the market with a large revenue share in 2020 and is expected to constitute a major share of the market during the forecast period due to the high incidence of CVDs, leukemia, and hematological and neurological diseases. Higher levels of patient awareness and healthcare spending as well as advanced healthcare facilities especially in the US are expected to grow the regional market at a rapid pace.
Compititive Landscape
Some of the major companies competing in the market are AstraZeneca PLC; Sanofi S.A.; LEO Pharma A/S; Bristol-Myers Squibb Company; Baxter International, Inc.; Pfizer, Inc.; Portola Pharmaceuticals, Inc.; and GlaxoSmithKline PLC.
To increase their market share, most companies have used several business strategies such as new product launches, mergers and acquisitions, and alliances. Portola Pharmaceuticals, Inc., for example, received FDA approval for the commercial launch of Bevyxxa, a novel oral anticoagulant drug, in June 2017.
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Blood preparation market consists of various components such as platelets, plasma, red blood cells, and white blood cells that circulates in the human body and provide nutrition, oxygen and removes waste from the body itself.
People requires transfusion in various conditions such as operations, while infection or liver diseases which stops body from producing blood and lead to bleeding disorders.
Previously whole blood was often collected and separates but now due to automated collections, only blood components that are needed for transfusion are collected.
Now days, automated collections are becoming increasingly popular and only blood components that are needed for transfusion are collected for the tests.Blood preparation market is registering a substantial CAGR of 5.60% in the forecast period of 2019-2026.
This rise in the market can be attributed to the rising geriatric population base and rising healthcare expenditures in the industry.Access insightful study with over 100+ pages, list of tables & figures, profiling 10+ companies.
Ask for Free Sample Copy Of Blood preparation market @https://www.databridgemarketresearch.com/request-a-sample/?dbmr=global-blood-preparation-marketMarket Drivers and Restraints:Increasing awareness among the people related to the blood preparation market acts as a driving forceAdvancement in technology and development in the blood preparation due to modernization leads to its expansion Various initiative taken by government to push the blood preparation market also impactsRising focus on R activities has increased the demand for these devices in the marketProblems like transmission of disease in the blood preparation market hampers the growth of the marketAllergic reaction caused due to blood preparation tests hinders the market growthThe major players covered in the Blood Preparation Market Few of the major market competitors currently working in the global blood preparation market are CELGENE CORPORATION, GlaxoSmithKline plc., Portola Pharmaceuticals, Inc., Pfizer Inc , Baxter, Bristol-Myers Squibb Company, LEO Pharma, Sanofi, AstraZeneca, Xiamen Hisunny Chemical Co., LTD, DAIICHI SANKYO COMPANY, LIMITED, Boehringer Ingelheim International GmbH, Aralez Pharmaceuticals Canada Inc., Johnson & Johnson Services, Inc., CELGENE CORPORATION and others.Major TOC Of The ReportChapter One: Blood Preparation Market OverviewChapter Two: Manufacturers ProfilesChapter Three: Global Blood Preparation Market Competition, by PlayersChapter Four: Global Blood Preparation Market Size by RegionsChapter Five: North America Blood Preparation Market Revenue by CountriesChapter Six: Europe Blood Preparation Market Revenue by CountriesChapter Seven: Asia-Pacific Blood Preparation Market Revenue by CountriesChapter Eight: South America Blood Preparation Market Revenue by CountriesComplete Report is Available (Including Full TOC, List of Tables & Figures, Graphs, and Chart) @ https://www.databridgemarketresearch.com/toc/?dbmr=global-blood-preparation-marketKey Report HighlightsComprehensive pricing analysis based on different product types and regional segmentsMarket size data in terms of revenue and sales volumeDeep insights about regulatory and investment scenarios of the global Blood Preparation Market Analysis of market effect factors and their impact on the forecast and outlook of the global Blood Preparation Market The detailed assessment of the vendor landscape and leading companies to help understand the level of competition in the global Blood Preparation Market A roadmap of growth opportunities available in the global Blood Preparation Market with the identification of key factorsThe exhaustive analysis of various trends of the global Blood Preparation Market to help identify market developmentsInsightful Details Available @https://www.databridgemarketresearch.com/reports/global-blood-preparation-marketKey Questions Answered in Report:What is the key to the Blood Preparation Market?What will the Blood Preparation Market Demand and what will be Growth?What are the latest opportunities for Blood Preparation Market in the future?What are the strengths of the key players?Browse Related Reports@Mass Spectrometry Software MarketRNA Markers MarketRobotics in Drug Discovery MarketAbout Us:Data Bridge Market Research set forth itself as an unconventional and neoteric Market research and consulting firm with unparalleled level of resilience and integrated approaches.
Blood preparation market consists of various components such as platelets, plasma, red blood cells, and white blood cells that circulates in the human body and provide nutrition, oxygen and removes waste from the body itself.
People requires transfusion in various conditions such as operations, while infection or liver diseases which stops body from producing blood and lead to bleeding disorders.
Previously whole blood was often collected and separates but now due to automated collections, only blood components that are needed for transfusion are collected.
Now days, automated collections are becoming increasingly popular and only blood components that are needed for transfusion are collected for the tests.Blood preparation market is registering a substantial CAGR of 5.60% in the forecast period of 2019-2026.
This rise in the market can be attributed to the rising geriatric population base and rising healthcare expenditures in the industry.Request Free Sample Report at @ https://www.databridgemarketresearch.com/request-a-sample/?dbmr=global-blood-preparation-marketMarket Drivers and Restraints:Increasing awareness among the people related to the blood preparation market acts as a driving force Advancement in technology and development in the blood preparation due to modernization leads to its expansion Various initiative taken by government to push the blood preparation market also impactsRising focus on R activities has increased the demand for these devices in the marketProblems like transmission of disease in the blood preparation market hampers the growth of the market Allergic reaction caused due to blood preparation tests hinders the market growthThe major players covered in the Blood Preparation Market ForecastedFew of the major market competitors currently working in the global blood preparation market are CELGENE CORPORATION, GlaxoSmithKline plc., Portola Pharmaceuticals, Inc., Pfizer Inc , Baxter, Bristol-Myers Squibb Company, LEO Pharma, Sanofi, AstraZeneca, Xiamen Hisunny Chemical Co., LTD, DAIICHI SANKYO COMPANY, LIMITED, Boehringer Ingelheim International GmbH, Aralez Pharmaceuticals Canada Inc., Johnson & Johnson Services, Inc., CELGENE CORPORATION and othersMajor TOC Of The ReportChapter One: Blood Preparation Market Forecasted OverviewChapter Two: Manufacturers ProfilesChapter Three: Global Blood Preparation Market Forecasted Competition, by PlayersChapter Four: Global Blood Preparation Market Forecasted Size by RegionsChapter Five: North America Blood Preparation Market Forecasted Revenue by CountriesChapter Six: Europe Blood Preparation Market Forecasted Revenue by CountriesChapter Seven: Asia-Pacific Blood Preparation Market Forecasted Revenue by CountriesChapter Eight: South America Blood Preparation Market Forecasted Revenue by CountriesRequest Free TOC at @ https://www.databridgemarketresearch.com/toc/?dbmr=global-blood-preparation-marketKey Report HighlightsComprehensive pricing analysis based on different product types and regional segmentsMarket size data in terms of revenue and sales volumeDeep insights about regulatory and investment scenarios of the global Blood Preparation Market ForecastedAnalysis of market effect factors and their impact on the forecast and outlook of the global Blood Preparation Market ForecastedThe detailed assessment of the vendor landscape and leading companies to help understand the level of competition in the global Blood Preparation Market ForecastedA roadmap of growth opportunities available in the global Blood Preparation Market Forecasted with the identification of key factorsThe exhaustive analysis of various trends of the global Blood Preparation Market Forecasted to help identify market developmentsKey Questions Answered in Report:What is the key to the Blood Preparation Market Forecasted ?What will the Blood Preparation Market Forecasted Demand and what will be Growth?What are the latest opportunities for Blood Preparation Market Forecasted in the future?What are the strengths of the key players?Request Free Access Full Report at @https://www.databridgemarketresearch.com/reports/global-blood-preparation-marketAbout Us:Data Bridge Market Research set forth itself as an unconventional and neoteric Market research and consulting firm with unparalleled level of resilience and integrated approaches.
We are determined to unearth the best market opportunities and foster efficient information for your business to thrive in the marketContact:Data Bridge Market ResearchTel: +1-888-387-2818Email: [email protected] Related Reports@Clot Retrievers MarketCranial Implants Treatment MarketEquilibrium Dialysis Market
The global blood preparation market size is expected to reach USD 63.57 billion by 2028 at a CAGR of 5.8%, according to the latest report by Reports and Data.
Revenue growth of this market is mainly attributed to rising prevalence of blood-related disorders, increasing blood transfusion procedures, growing applications of blood components and derivatives in various surgical procedures, and increasing awareness about blood donation.
Blood preparation is carried out in clinical laboratories and blood centers.
Some of the examples include increasing consumer involvement in health care decision-making, the rapid adoption of virtual health & other digital innovations, increasing focus on utilization of interoperable data & data analytics, and increased public-private collaborations in therapeutics and vaccine development.
The increased public-private collaborations for vaccine development has arisen due to high pressure of regional governments.
Health care providers, and other stakeholders have invested heavily to quickly pivot, adapt, and innovate therapeutics.Surging demands and transition to patient-centric care delivery across geographies will change pharma and healthcare market trends through 2028.Competitive Outlook:The report focuses on current and emerging trends in the healthcare industry such as incorporation of IoT and Machine Learning to enhance efficiency of medical products.
Global Blood Preparation Market is expected to grow at a CAGR of 5% to reach US$ 65.3 billion in 2024.
The growth is coupled with the factors including increasing aging population, advancement in the technology, and increasing patient awareness level.
Further, increased acceptance of advanced blood testing technologies has accelerated accurate diagnosis of haematological disorders.
Organizations such as the National Institutes of Health (NIH) and the Centre for Disease Control (CDC) are taking initiatives for raising awareness levels via programs that aim to prevent thrombosis-associated complications in early stages and thus, drive the Global Blood Preparation Market for blood preparation through the forecast period.North America dominated the market in 2017.
The market growth is driven by a high incidence of blood cancer and increasing prevalence of cardiovascular, haematological, and neurological diseases in U.S. and Canada.
The growth of healthcare sector across Australia and Japan will also expected to drive the Global Blood Preparation Market.
