The Global Market for Blood Processing Supplies and Equipment is Projected to Reach US$9.9 Billion by 2020

Rising Demand for Safe Blood Drives Growth in the Global Blood Processing Supplies and Equipment Market, According to a New Report by Global Industry Analysts, Inc.

GIA announces the release of a comprehensive global report on Blood Processing Supplies and Equipment. The global market for Blood Processing Supplies and Equipment is projected to reach US$9.9 billion by 2020, driven by escalating demand for safe and pathogen free blood products and components in both developed and developing economies.

Blood processing typically involves the separation of blood into individual components such as white blood cells, platelets, plasma, and red blood cells. Blood processing supplies find use in the collection and processing of donated blood, and to ensure that blood and blood components obtained from donors are free of pathogenic contaminants. Major factors driving growth in the market include rising blood transfusion procedures among the elderly, stringent blood safety and quality regulations, and government focus on launching blood donation programs. The implementation of stringent regulations and the increased focus of medical device manufacturers on developing automated, improved solutions to collect, process and store blood and its components are also fuelling market growth.

Rise in cancer treatment procedures, rapid increase in complex surgical procedures such as open heart and orthopedic surgeries, increasing incidence of infectious diseases such as hepatitis and HIV are expected to enhance demand for a range of blood processing equipment and supplies. Technology advancements constitute a key driving force for the blood processing equipment and supplies market. Specifically, the market for blood processing devices has witnessed significant developments with the increased availability of advanced technologies. Automated devices are witnessing strong demand in the international market, supported by their ability to reduce human intervention and minimize the risk of contamination caused by negligent handling of blood.

As stated by the new market research report on Blood Processing Supplies and Equipment, United States represents the largest regional market, worldwide. While developed regions account for a major share of the market, developing regions such as Asia-Pacific and Latin America are expected to foster growth in the coming years. Asia-Pacific is poised to record the fastest CAGR of 9% over the analysis period. The highly populous countries of China and India in particular are driving demand for a range of blood products owing to the increased emphasis on safe collection and transfusion of blood, which is pushing up demand for blood processing devices and consumables. Improving healthcare infrastructure in developing countries is another major demand driver for blood and blood products.

Major players covered in the report include Beckman Coulter Inc., Becton, Dickinson and Company, Fresenius Kabi AG, Fenwal Inc., Haemonetics Corporation, Immucor Inc., MacoPharma SA, Stago, Terumo Corporation, and Terumo BCT Inc., among others.

The research report titled “Blood Processing Supplies and Equipment: A Global Strategic Business Report” announced by Global Industry Analysts Inc., provides a comprehensive review of market trends, issues, drivers, mergers, acquisitions and other strategic industry activities of global companies. The report provides market estimates and projections in US$ Thousand for all major geographic markets including the US, Canada, Japan, Europe (France, Germany, Italy, UK, Spain, Russia, and Rest of Europe), Asia-Pacific (China and Rest of Asia-Pacific), Latin America, and Rest of World. Product segments analyzed include Blood Processing Devices (Blood Bank Freezers, Blood Bank Refrigerators, Blood Cell Processors, Blood Grouping Analyzers, and Hematocrit Centrifuges) and Blood Processing Consumables & Supplies (Blood Administration Sets, Blood Collection Needles, Blood Collection Tubes & Micro Collectors, Blood Collection Tube Adapters, Blood Donor Sets, Blood Sample Mailers, Blood Sampling Kits, Blood Lancets, Blood Tube Mixes, Donor Blood (Blood Bank) Mix, Blood Cell Washer Bags, Blood Filters, Blood Grouping Reagents, Coagulation Reagents, Hematology Reagents, Hematology Stains, Control Plasmas, Microscopic Slides, Sedimentation Tubes, Slide Stainers, Specimen Labels, Test Tube Racks, Vials, Cleaning Solutions, and Blood Warming Coils/Pouches).

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