Global Blood Processing Devices And Consumables Market
Medical Equipment

Global Blood Processing Devices And Consumables Market Opportunities And Strategies 2023

The Business Research Company’s global market reports are now updated with the latest market sizing information for the year 2023 and forecasted to 2032

The Business Research Company’s blood processing devices and consumables market report forecasts the blood processing devices and consumables market size to grow to $62.60 Billion by 2027, with a CAGR (compound annual growth rate) of more than 8%.

Learn More On The Blood Processing Devices And Consumables Market Report 2023 – https://www.thebusinessresearchcompany.com/report/blood-processing-devices-and-consumables-global-market-report

Blood Processing Devices And Consumables Market Size Forecast
The global blood processing devices and consumables market is expected to grow from $42.00 billion in 2022 to $45.33 billion in 2023 at a compound annual growth rate (CAGR) of 7.93%. The Russia-Ukraine war disrupted the chances of global economic recovery from the COVID-19 pandemic, at least in the short term. The war between these two countries has led to economic sanctions on multiple countries, a surge in commodity prices, and supply chain disruptions, causing inflation across goods and services and affecting many markets across the globe. The global blood processing devices and consumables market size is expected to reach $62.60 billion in 2027 at a CAGR of 8.41%.

North America held the largest blood processing devices and consumables market share, and Asia-Pacific was the fastest-growing region in 2022.

Key Blood Processing Devices And Consumables Market Driver ­– Rise In The Demand For Blood Transfusion
According to the World Cancer Research Fund International, a non-profit organisation located in the United Kingdom dedicated to cancer prevention, there will be an estimated 18.1 million cancer cases worldwide in 2020. 9.3 million men and 8.8 million women were diagnosed with cancer and required daily blood transfusions during their chemotherapy treatment. Furthermore, around 90,000 to 100,000 sickle cell disease patients in the United States require blood transfusions on a regular basis. As a result of the increasing disease burden, the need for blood transfusion is likely to drive the blood processing devices and consumables market forward.

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Key Blood Processing Devices And Consumables Market Trend – Technological Advancement
Major businesses in the blood processing devices and consumables market are focused on technical breakthroughs that have enabled the creation of more complex and sophisticated devices and consumables meant to increase the safety and efficiency of blood processing and transfusion. For example, EryPharm, a biotechnology company based in France, launched a medical device product in April 2021 to mass-produce cultured red blood cells and develop new sourcing for blood transfusions, thereby improving the quality of life of multi-transfused patients with hereditary or acquired red blood cell diseases.

Blood Processing Devices And Consumables Market Segment
1) By Product Type: Devices, Consumables
2) By Devices: Blood Bank Freezers, Blood Grouping Analyzers, Blood Warmer, Blood Cell Processers, Other Devices
3) By Consumables: Blood Bags, Blood Lancets, Vials, Blood Administration Sets, Other Consumables
4) By End User: Hospitals, Diagnostic Centers, Clinics, Academic Institutes, Blood Banks

Blood Processing Devices And Consumables Market Major Players and Strategies
Major players in the blood processing devices and consumables market are Thermogenesis Holdings Inc., Maco Pharma International GmbH, Immucor Inc., Bio-Rad Laboratories Inc., Grifols S.A., Abbott Laboratories, Terumo BCT Inc., Beckman Coulter Inc., Becton, Dickinson and Company, Biomerieux SA, Danaher Corporation, Beckman Coulter Inc., Global Scientific Company, Haemonetics Corporation and Sigma Laborzentrifugen GmbH.

Velano Vascular was acquired by BD (Becton, Dickinson and business), a US-based medical device business, for an unknown sum in 2021. This acquisition expands BD’s existing portfolio of vascular access products and solutions for healthcare practitioners, particularly for patients who require regular blood draws. Velano Vascular is a medical technology firm established in the United States that specialises in producing needle-free blood draw solutions for hospital patients.

The Blood Processing Devices And Consumables Global Market Report 2023 covers regional data on blood processing devices and consumables market size, blood processing devices and consumables market trends and drivers, opportunities, strategies, and blood processing devices and consumables market competitor analysis. The countries covered in the blood processing devices and consumables market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, the UK, and the USA, and the major seven regions are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, the Middle East, and Africa.

Equipment and supplies used to collect, separate, process, and store blood components are referred to as blood processing devices and consumables. These instruments and consumables are essential for a variety of medical operations, such as blood transfusions, therapeutic apheresis, and other clinical procedures that require blood products.

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