Global Blood Banking Devices Market Analysis, Drivers, Restraints, Opportunities, Threats, Trends, Applications, and Growth Forecast to 2027

"Global Blood Banking Devices Market Analysis Trends, Applications, Analysis, Growth, and Forecast to 2027” is a recent report generated by MarketResearch.biz, which offers in-depth insights, revenue details, and other vital information regarding the global blood banking devices market, and the various trends, drivers, restraints, opportunities, and threats in the target market till 2027. The report offers insightful and detailed information regarding the various key players operating in the market, their financials, supply chain trends, technological innovations, key developments, apart from future strategies, acquisitions & mergers, and market footprint. The global blood banking devices market report has been segmented on the basis of product, end user, and region.

Request Covid - 19 Impact

Introduction  

Blood banks are functioning as a central body for collect, separate, and store the blood into various components such as red blood cells, white blood cells, and platelets, in order to timely and efficiently delivery at the time of emergency. There are four different models of blood banking service, which includes centralized, regionalized, coordinated hospital services, and coordinated mixed system.

Market Dynamics

Increasing demand for blood and blood components across various surgical procedures such as cardiovascular surgery interventions, hematology procedures, bone marrow surgery procedures, and general medicine are major factors expected to drive growth of the global blood banking devices market over the forecast period.

In addition, rising shortage between demand and supply of blood units across various emerging economies such as India is another factor expected to further fuel growth of the global blood banking devices market during the forecast period. Furthermore, availability of major players in order to offer technologically advanced blood collection, blood processing, and blood storage devices is another factor expected to boost growth of the target market over the forecast period. Moreover, launch of mobile applications to spread awareness regarding importance of blood donation among population  by government and privately owned blood banks and to offer quick, safe, and donor specific delivery of blood units to patients are other factors expected to propel growth of the global market.

However, high cost of blood handling equipment is a major factor expected to restrain growth of the global blood banking devices market over the forecast period.

Ongoing trend observed in the target market is increasing technological advancements such as automation of devices, increasing number of surgical procedures, and favorable reimbursement policies which in turn expected to support growth of the global blood banking devices market over the forecast period.

In addition, increasing developments in cell therapy are expected to create lucrative opportunities for players operating in the target market over the forecast period.

Analysis by Region

The market in North America is expected to dominate the global blood banking devices market in terms of revenue over the forecast period, owing to availability of large number of blood banks and rising incidence of blood cancer across various countries in the region.

The market in Asia Pacific is expected to register significant growth in terms of revenue over the forecast period, owing to increasing number of road accidents due to rising population, and increasing awareness of blood donation across various countries in this region.

Global blood banking devices market segmentation:

Segmentation by product:

• Blood Collection Devices
  • Blood Collection Needles
  • Blood Collection Tubes
    • Arterial Blood Collection Tubes
    • Venous Blood Collection Tubes
    • Capillary Blood Collection Tubes
  • Needles & Syringes
  • Lancets
  • Vacuum Blood Collection System
  • Blood Bags
  • Accessories
• Blood Processing Devices
  • Blood Grouping Analyzers
  • Blood Cell Processors
  • Blood Filters
  • Centrifuges
  • Others
• Blood Storage Devices
  • Blood Bank Refrigerators
  • Blood Bank Freezers

Segmentation by end user:

• Hospitals
• Diagnostic Centers
• Clinics
• Academic Institutes
• Blood Banks

Segmentation by region:

• North America
• Europe
• Asia Pacific
• Latin America
• Middle East & Africa