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.

Medical X Ray Devices Market Report 2019-2026 Production, Sales And Consumption Status And Prospects Professional Research

Published Date : Dec 2018

This Medical X Ray Devices Market report 2019-2026 focus on global and regional market, providing information on major players like manufacturers, suppliers, distributors, traders, customers, investors and etc., major types, major applications from global and major regions such as Europe, North Amer...

Thermoelectric Cooling Devices Market Report 2019-2026 Production, Sales And Consumption Status And Prospects Professional Research

Published Date : Dec 2018

This Thermoelectric Cooling Devices Market report 2019-2026 focus on global and regional market, providing information on major players like manufacturers, suppliers, distributors, traders, customers, investors and etc., major types, major applications from global and major regions such as Europe, N...

Thermal Vision Devices Market Report 2019-2026 Production, Sales And Consumption Status And Prospects Professional Research

Published Date : Dec 2018

This Thermal Vision Devices Market report 2019-2026 focus on global and regional market, providing information on major players like manufacturers, suppliers, distributors, traders, customers, investors and etc., major types, major applications from global and major regions such as Europe, North Ame...

Sighting Devices Market Report 2019-2026 Production, Sales And Consumption Status And Prospects Professional Research

Published Date : Dec 2018

This Sighting Devices Market report 2019-2026 focus on global and regional market, providing information on major players like manufacturers, suppliers, distributors, traders, customers, investors and etc., major types, major applications from global and major regions such as Europe, North America, ...

Point Of Care Cholesterol Monitoring Devices Market Report 2019-2026 Production, Sales And Consumption Status And Prospects Professional Research

Published Date : Dec 2018

This Point Of Care Cholesterol Monitoring Devices Market report 2019-2026 focus on global and regional market, providing information on major players like manufacturers, suppliers, distributors, traders, customers, investors and etc., major types, major applications from global and major regions suc...

Medical X-Ray Devices Market Report 2019-2026 Production, Sales And Consumption Status And Prospects Professional Research

Published Date : Dec 2018

This Medical X-Ray Devices Market report 2019-2026 focus on global and regional market, providing information on major players like manufacturers, suppliers, distributors, traders, customers, investors and etc., major types, major applications from global and major regions such as Europe, North Amer...

Household Prenatal Monitoring Devices Market Report 2019-2026 Production, Sales And Consumption Status And Prospects Professional Research

Published Date : Dec 2018

This Household Prenatal Monitoring Devices Market report 2019-2026 focus on global and regional market, providing information on major players like manufacturers, suppliers, distributors, traders, customers, investors and etc., major types, major applications from global and major regions such as Eu...

Distribution Automation Devices Market Report 2019-2026 Production, Sales And Consumption Status And Prospects Professional Research

Published Date : Dec 2018

This Distribution Automation Devices Market report 2019-2026 focus on global and regional market, providing information on major players like manufacturers, suppliers, distributors, traders, customers, investors and etc., major types, major applications from global and major regions such as Europe, ...

Soil Analysis Market Report 2019-2026 Production, Sales And Consumption Status And Prospects Professional Research

Published Date : Dec 2018

This Soil Analysis Market report 2019-2026 focus on global and regional market, providing information on major players like manufacturers, suppliers, distributors, traders, customers, investors and etc., major types, major applications from global and major regions such as Europe, North America, Chi...

Semiconductor Processing Equipment Market Report 2019-2026 Production, Sales And Consumption Status And Prospects Professional Research

Published Date : Dec 2018

This Semiconductor Processing Equipment Market report 2019-2026 focus on global and regional market, providing information on major players like manufacturers, suppliers, distributors, traders, customers, investors and etc., major types, major applications from global and major regions such as Europ...

 

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.