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COVID-19! We are now including the impact analysis of the COVID-19 on Patient Blood Management Market report and the forecast period of this report shall be revised to 2020-2026. The section on the impact of COVID-19 on this market is included in the report for free. To know more Request a Sample of this report.

Patient Blood Management Market (Product - Instruments, Accessories, Software, and Reagents and Kits; Component - Plasma, and Whole Blood and Red Blood Cells; End-user - Blood Banks, Hospitals, and Diagnostic Clinics): Global Industry Analysis, Trends, Size, Share and Forecasts to 2025

  • Published : March, 2020

  • Rep Id : HC0835

  • Category : Healthcare & Medical Devices

  • Status : Published

A recent report published by Infinium Global Research on patient blood management market provides in-depth analysis of segments and sub-segments in the global as well as regional patient blood management market. The study also highlights the impact of drivers, restraints, and macro indicators on the global and regional patient blood management market over the short term as well as long term. The report is a comprehensive presentation of trends, forecast and dollar values of global patient blood management market. According to the report, the global patient blood management market is projected to grow at a CAGR of 7.3% over the forecast period of 2019-2025.

 

Market Insight

Patient blood management is a multidisciplinary approach to optimize the care of patients that need a transfusion. It includes all aspects of patient evaluation and clinical management associated with the transfusion decision making process. This system ensures that the blood components are available for the patients that need them.

 

The rising demand for donated blood will augment the growth of the patient blood management market. Various medical surgical procedures require donated blood. Additionally, a growing number of trauma cases and a surge in the number of road accidents stimulate the expansion of the patient blood management market. A study estimated that road accidents claim the lives of 1.3 million people every year worldwide. Further, medical-surgical procedures need blood transfusions to make up for blood loss incurred during the procedures. The increasing number of surgical procedures contributes to the expansion of the patient blood management market. According to the World Health Organization, the global surgical rate is nearly 4469 operations per 100000 people every year. The growing number of blood donations and blood donors led to the expansion of the patient blood management market. As per the World Health Organization, around 117.4 million blood donations collected globally. In addition, the rising prevalence of blood disorders boosts the development of the patient blood management market. A study estimated that in 2018 around 210 thousand people had haemophilia and 78 thousand people had von Willebrand disease worldwide. On the other side, the high cost of automated systems hampers the growth of the patient blood management market. Moreover, the adoption of patient blood management systems in developing countries creates several opportunities in the global patient blood management market.

 

Geographically, the global patient blood management market is segmented into North America, Asia-Pacific, Europe, and the Rest of the World. North America is expected to hold a premium share in the global patient blood management market. The growing demand for blood and blood component for treating different blood disorders and well-established healthcare infrastructure in North America drive the expansion of patient blood management market in North America. Asia-Pacific region has the fastest CAGR in the global patient management market over the forecast period. The rising healthcare expenditure in developing countries and growing healthcare infrastructure in the Asia-Pacific region led to the growth of the patient blood management market in Asia-Pacific. Europe has a significant share in the global patient management market owing to the increasing aging population and the adoption of technologically advanced products in the region. A study estimated that around 520 million people in the European Union will be aged over 65 by 2070.

 

Segment Covered

The report on global patient blood management market covers segments such as product, component, and end-user. On the basis of product, the sub-markets include instruments, accessories, software, and reagents and kits. On the basis of component, the sub-markets include plasma, and whole blood and red blood cells. On the basis of end-user, the sub-markets include blood banks, hospitals, and diagnostic clinics.

 

Companies Profiled:

The report provides profiles of the companies in the market such as B. Braun Melsungen AG, Asahi Kasei Medical Co. Ltd., Kaneka Corporation, Abbott Laboratories, F. Hoffmann-La Roche AG, Terumo Corporation, LivaNova PLC, Danaher Corporation, Immucor, Inc., Macopharma, and Other companies.

 

Report Highlights:

The report provides deep insights into the demand forecasts, market trends, and micro and macro indicators. In addition, this report provides insights into the factors that are driving and restraining the growth in this market. Moreover, The IGR-Growth Matrix analysis given in the report brings an 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 patient blood management market. Moreover, the study highlights current market trends and provides forecast from 2019-2025. We also have highlighted future trends in the market that will affect the demand during the forecast period. Moreover, the competitive analysis given in each regional market brings an insight into the market share of the leading players.


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