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A recent report published by Infinium Global Research on autotransfusion devices market provides in-depth analysis of segments and sub-segments in global as well as regional autotransfusion devices market. The study also highlights the impact of drivers, restraints and macro indicators on the global and regional autotransfusion devices market over the short term as well as long term. The report is a comprehensive presentation of trends, forecast and dollar values of global autotransfusion devices market. According to the report the global autotransfusion devices market is projected to grow at a CAGR of 6.5% over the forecast period of 2018-2024.
Transfusion is the term used for the process of transferring donated blood or the blood products into the cardiovascular systems of a person or animal. In the autotransfusion process, the person receives their own blood for transfusion, instead of taking it from a separate donor. There are basically two types of transfusion, the blood is donated before surgery or alternatively, it can be collected during and after the surgery. Depending upon the types of transfusion the autotransfusion devices are used. The autotransfusion devices are used in surgeries where there is expected a large volume blood loss such as joint replacement, spinal surgeries, and others. The autotransfusion devices used in the medical procedures to recover the blood loss during the surgeries and refurnishing into the patients. On pump and off pump are the basic autotransfusion devices are used in the autotransfusion process.
The high occurrence of cardiac diseases leads to a huge demand for auto-transfusion across the globe. The growing demand for autotransfusing devices is driving the growth of the autotransfusion devices market. According to the trusted source, around 85 million people across the world are suffering from a cardiac disorder. The allogenic blood transfusion used in the cardiac surgeries creates high blood losses owing to which intraoperative blood salvage device are mostly used to collect blood from the patient’s body which can be later used for autotransfusion. Thus, the adoption of auto transfusing is increasing that likely to boost the demand of autotransfusion devices market. In addition, ongoing innovations in the autotransfusion systems are anticipated to contribute to the growth of the autotransfusion devices market. However, Lack of availability of a skilled workforce is hampering the growth of autotransfusion devices market. Moreover, the growing adoption of autotransfusion devices in hospitals & clinics are projected to escalate new opportunities in the autotransfusion market.
Geographically, North America holds the maximum market share in the autotransfusion devices market. The growing cardiac problem, increase usage of a large number of devices and developed healthcare infrastructure are the key factors driving the growth of the autotransfusion devices market in the North America region. In addition, favorable reimbursement policies across countries such as the U.S and Canada are further facilitating growth in the North America region. Furthermore, the Asia-Pacific region is the fastest growing region in the autotransfusion market owing to the growing healthcare infrastructure and high demand for autotransfusion devices linked with rising cardiac surgeries in this region.
The report on global autotransfusion devices market covers segments such as product types and end users. On the basis of product types the global autotransfusion devices market is categorized into on pump transfusion devices and off pump transfusion devices. On the basis of end users the global autotransfusion devices market is categorized into ambulatory surgical centers, hospitals, emergency rooms, nursing homes, and others.
The countries covered in the North America region include the U.S., Canada, and Mexico; while Asia-Pacific includes China, Japan, India, South Korea, Malaysia, and among others. Moreover, Germany, U.K., France, Spain, and Rest of Europe are included in the European region.
The U.S. drives the growth in the North America region as it is the largest market in the region. The Asia-Pacific region offers substantial potential for the market growth owing to rapid growth in markets such as India and China. The APAC region is projected to experience growth at a CAGR of x.x% over the period of 2018-2024.
The report provides profiles of the companies in the global autotransfusion devices market such as Fresenius Kabi, Haemonetics, Medtronic, Stryker, Atrium Medical, LivaNova, Terumo Corporation, and Advanced Surgical.
The report provides deep insights on demand forecasts, market trends, and micro and macro indicators. In addition, this report provides insights into the factors that are driving and restraining the global autotransfusion devices market. Moreover, IGR-Growth Matrix analysis given in the report brings insight into the investment areas that existing or new market players can consider. The report provides insights into the market using analytical tools such as Porter's five forces analysis and DRO analysis of autotransfusion devices market. Moreover, the study highlights current market trends and provides forecast from 2018-2024. We also have highlighted future trends in the autotransfusion devices market that will impact the demand during the forecast period. Moreover, the competitive analysis given in each regional market brings insight into the market share of the leading players. This report will help manufacturers, suppliers, and distributors of the autotransfusion devices market to understand the present and future trends in this market and formulate their strategies accordingly.
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