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Monday, 8 July 2013

Blood Processing Supplies And Equipment Market - Global Industry Analysis, Size, Share, Growth, Trends And Forecast, 2012 - 2018

Demand for blood and blood products are increasing globally with increase in the spread of infectious diseases through donated bloods. Increase in the number of surgical procedures such as open heart surgeries gives a boost to the blood processing supplies and equipment market. The average adult body contains between 4.7 and 5.2 liters of blood and a significant amount of blood is lost during critical surgeries and traumatic incidences. This phenomenon results into high rate of mortality. Thus, to decrease the death rate because of loss of blood, transfusion techniques came into existence in 1900s.

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Blood transfusion is the process of transfer of blood and its components from one person to another person’s blood stream. Blood supplies form an important part of hematologic care. It is estimated that every year in the U.S. more than 18 million units of red blood cells, plasma, platelets are transfused to treat hematologic diseases such as severe leukemia, anemia and sickle cell disease. However, regular transfusions have been associated with risk to patients, especially clotting factor concentrates and spread the virus quickly. Thus, this prompted the demand for development of improved blood collection and processing equipment.

With the increase in aging population which is mostly prone to many hematological conditions, will likely increase the blood demand and hence drive the blood supplies market. However, it is estimated that in the next 5 to 10 years, blood supply needs to be increased in developed countries to meet the rapidly growing demand. Thus, to meet the continuous need for blood, newer techniques of refrigeration and plasma storage have been formulated. Blood banks have become a standard part of medical practice for catering the blood needs of patients.

It has also been observed that surgeries continue to get cancelled due to the defects in the equipment used to collect the blood. The blood which has already been distributed in hospitals bears risk of developing bacterial growth due to air exposures. Thus, in order to avoid the risk of acquiring transfusion transmitted diseases and to meet the unmet demands of blood and blood components, manufacturers are coming up with highly complicated  automated blood collection machines, refrigerators, freezers, bags, needles, tubes, donor sets, hematocrit centrifuges, reagents and vials for avoiding contamination.

Growth in this market will also be supported by the strong efforts being made by the blood collections organizations that encourages blood donation. In addition, the growing popularity of synthetic blood products will also drive the market growth. Some of the key players in the blood processing supplies and equipment market are Beckman Coulter, Fresenius Kabi AG, Terumo BCT and others.

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This research report analyzes this market depending on its market segments, major geographies, and current market trends. Geographies analyzed under this research report include
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  • Asia Pacific 
  • Europe
  • Rest of the World  
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This report is a complete study of current trends in the market, industry growth drivers, and restraints. It provides market projections for the coming years. It includes analysis of recent developments in technology, Porter’s five force model analysis and detailed profiles of top industry players. The report also includes a review of micro and macro factors essential for the existing market players and new entrants along with detailed value chain analysis.

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