Blood Processing Devices and Consumables Market - Global Industry Insights, Trends, Outlook, and Opportunity Analysis

The Global Blood Processing Devices and Consumables Market was valued at US$ 27.8 billion in 2015, according to a new report by published by Coherent Market Insights. Increasing geriatric population and rising emphasis of leading companies' on long-term partnerships with end users is expected to boost demand for blood processing devices and consumables over the forecast period (2016-2024).
Blood processing devices and consumables market size has grown manifold over the last decade. Much of its growth was attributed to government initiatives in setting up of blood screening center, especially in developing countries. The trend is especially prevalent in China, India, and Russia, with rampant increase in number of blood centers in these countries in the recent past. As a result of this, lucrative growth opportunities have emerged for industry players to expand their business reach across developing regions and enhance ROI over the forecast period.
There has been an increase in incidence rate of infectious diseases and chronic disorders such as cancer, especially among the geriatric population. According to the World Health Organization (WHO), in 2015, over 150 million people suffered from chronic hepatitis C virus, of which 700 thousand die each year owing to lack of suitable healthcare infrastructure and diagnosis centers. Technological advancements in the healthcare industry is expected to bridge the gap between patient's expectation and healthcare delivery system. While the market for blood processing devices and consumables is highly saturated in developed regions, the developing regions, especially Asia Pacific is largely untapped and offers lucrative growth opportunities for market players.
Key takeaways of the market
• Government has a critical role in creating national platforms for blood screening and blood bank centers. Increasing geriatric population along with rise in incidence rate of blood-related disorders is expected to create lucrative market opportunities for industry players
• Cell processors device segment is expected to dominate the global blood processing devices market (in terms of revenue) throughout the forecast period. While, blood bags device segment is expected to lead the consumables market throughout the forecast period.
• Asia Pacific dominated the global blood processing devices and consumables market, with a revenue share of around 17% of the total market in 2015. Growth of the regional market is mainly propelled by increasing demand from China, which accounted for 39% revenue share of the market in the region. The blood processing devices and consumables market in India is expected to expand at the highest CAGR in Asia Pacific during the forecast period.
• North America and Europe are highly matured market. Leading players such as Abbott Laboratories, Roche Holdings AG, and Terumo Corporation are emphasizing on establishing a direct distribution channel to retain their dominance in these regional markets. Setting up of cord blood bank center in these region is expected to create substantial market opportunity for industry players. Over 23 million blood components are transfused each year in North America.
• There are over 13 thousand blood bank centers worldwide. The number is especially high in low to middle income countries, particularly India, Indonesia and Vietnam. Establishment of blood bank centers is expected to boost overall demand for blood bank refrigerators worldwide. The blood bank market is highly consolidated, with leading players accounting for around 80% of the global market. New entrants are expected to provide bank refrigerators during the forecast period.
• While the overall blood processing device segment is consolidated, it is highly fragmented in consumables segment with large presence of regional players, especially in China and India.

Global Mobile Devices Charging Stations Market Research Report 2018

Published Date : Dec 2018

Mobile Devices Charging Stations Report by Material, Application, and Geography - Global Forecast to 2022 is a professional and in-depth research report on the world's major regional market conditions, focusing on the main regions (North America, Europe and Asia-Pacific) and the main countries (Unit...

Global Surgical Incision Closure Devices Market 2019 by Manufacturers, Regions, Type and Application, Forecast to 2024

Published Date : Feb 2019

Surgical Incision Closure Devices are used in surgery in place of sutures to close skin wounds, connect or remove parts of the bowels or lungs. Scope of the Report: After several months of survey and research, research group obtains the following conclusions: First, surgica...

Global Presbyopia Correction Devices Market 2019 by Manufacturers, Regions, Type and Application, Forecast to 2024

Published Date : Feb 2019

Presbyopia Correction Device general has two types: corneal inlay and scleral implants. A corneal inlay (also called an intracorneal implant) is a device which is surgically implanted in the cornea of the eye as a treatment for presbyopia. Successful installation results in reducing dep...

Global Patient Temperature Management Devices Market 2019 by Manufacturers, Regions, Type and Application, Forecast to 2024

Published Date : Feb 2019

Normally, core body temperature falls between 96.8 °F and 99.5 °F. Patient temperature management enables treatment to a patient by maintaining and achieving core body temperature (normothermia) to avoid hypothermia or hyperthermia. Hypothermia can cause discomfort, prolong healing time, and increas...

Global Minimally Invasive Surgery Devices Market 2019 by Manufacturers, Regions, Type and Application, Forecast to 2024

Published Date : Feb 2019

Minimally invasive procedures (also known as minimally invasive surgeries) have been enabled by the advance of various medical technologies. Surgery by definition is invasive and many operations requiring incisions of some size are referred to as open surgery. Scope of the Report:...

Global Assistive Devices for Vulnerable Groups Market 2019 by Manufacturers, Regions, Type and Application, Forecast to 2024

Published Date : Feb 2019

Assistive technology is an umbrella term that includes assistive, adaptive, and rehabilitative devices for people with disabilities while also including the process used in selecting, locating, and using them. People who have disabilities often have difficulty performing activities of daily living (...

Global Implantable Neurostimulation Devices Market 2019 by Manufacturers, Regions, Type and Application, Forecast to 2024

Published Date : Feb 2019

Neurostimulation is a therapeutic activation of part of the nervous system using microelectrodes. The electrodes are used to interface with excitable tissue in order to either restore sensation, such as a cochlear implant for hearing, or control anorgan, such as a heart pacemaker. Neurostimula...

Global Sinus Dilation Devices Market 2019 by Manufacturers, Regions, Type and Application, Forecast to 2024

Published Date : Feb 2019

Chronic sinusitis affects more than 31 million people in the United States. It is more prevalent than heart disease and asthma and has a greater impact on patients' quality of life than chronic back pain or congestive heart failure. The majority of patients with chronic sinusitis are treated with or...

Global Night Vision Devices Market 2019 by Manufacturers, Regions, Type and Application, Forecast to 2024

Published Date : Feb 2019

A night vision device (NVD) is an optoelectronic device that allows images to be produced in levels of light approaching total darkness. It does not work when using an infrared searchlight illuminating the target, and the use of the faint light reflected from the target light through the booster, th...

Global Remote Patient Monitoring Devices Market 2019 by Manufacturers, Regions, Type and Application, Forecast to 2024

Published Date : Feb 2019

Remote patient monitoring (RPM) uses digital technologies to collect medical and other forms of health data from individuals in one location and electronically transmit that information securely to health care providers in a different location for assessment and recommendations. Monitoring programs ...

 

Select License :

  • Single User : $4500
  • Multiple User : $7000
  • Corporate User : $10000

Happy To Assist You

Assist you at Worldwide Market Reports

We will be happy to help you find what you need. Please call us or write to us:

Worldwide Market Reports Benefits

Custom Research Solution

Talk to our research consultant to design an exclusive report as per your research needs.

Customer Fulfilment

We aim to fulfil client's research demands with tailored research solutions.

Quick Turnaround Time Reports

We aim to provide research studies in quickest turnaround time and in a much cost effective manner.

360-degree Approach

We cover each industry from supply and demand side with an aim to provide a most holistic research study.