The Global Market for Blood Collection and Processing Supplies is Projected to Reach US$15.4 Billion by 2022

Increasing Demand for Safe & High Quality Blood Drives the Blood Collection and Processing Supplies Market, According to a New Report by Global Industry Analysts, Inc.

GIA launches comprehensive analysis of industry segments, trends, growth drivers, market share, size and demand forecasts on the global Blood Collection and Processing Supplies market. The global market for Blood Collection and Processing Supplies is projected to reach US$15.4 billion by 2022, driven by aging population, growing demand for safe and high-quality blood products, technological advancements and launch of innovative products.

Blood transfusions are life-saving processes and are a major requirement in stem cell therapies and organ transplantations. However, transfusions can be a potent source of unintended transmission of blood-borne diseases, including AIDS. With transfusions consuming a significant number of blood donated worldwide, blood processing emerges as an important aspect in ensuring the blood used is of required quality. Blood collection and processing supplies are products that find use in collecting, storing as well as managing blood after it is donated by a donor. Aging population is a key factor spurring growth the market, given the vulnerability of the elderly to acquire a wide range of medical conditions that necessitate blood transfusion. In addition, increase in number of complex surgeries such as organ transplantation, and stem cell therapy and growing number of cancer cases that require blood transfusions are driving demand for blood and blood processing supplies. Stringent regulations along with the increased focus of medical device manufacturers on developing automated, improved solutions to collect, process and store blood and its components will continue to fuel growth in the market.

Strong promotional campaigns undertaken by various collection agencies worldwide for encouraging blood donation; technological advancements and the advent of innovative products, represent other major growth driving factors. Companies are focusing on developing automated collection devices that minimize the contamination risk associated with blood collection, reduce human intervention and lower chances of pathogen development. These automated alternatives, which include autologous disposables and devices, have been gaining significant popularity in recent times. Other major technological advancements include development of blood bags with blood collection monitors, integrated filters as well as tube sealers.

As stated by the new market research report on Blood Collection and Processing Supplies, the United States represents the largest market worldwide. Developed markets are witnessing a slowdown in growth as a result of the higher penetration of less invasive surgical procedures and improved blood conservation strategies enabled by real-time clinical decision support systems that reduce the need for blood transfusion at the time of surgery or post-surgery. Asia-Pacific ranks as the fastest growing market worldwide with a CAGR of 8.9% over the analysis period, led by growing demand for blood products among the expanding population, developing healthcare infrastructure including blood supply chain networks, rising standards of living and increased ability to afford surgical interventional care in countries such as China and India.

Major players covered in the report include AdvaCare Pharmaceuticals, Beckman Coulter, Inc., Becton, Dickinson and Company, Fenwal, Inc., Grifols International S.A., Haemonetics Corporation, Immucor, Inc., Kawasumi Laboratories, Inc., MacoPharma SA, Shanghai Transfusion Technology Co., Ltd., Stago, Terumo Corporation and Terumo BCT, Inc. among others.

The research report titled “Blood Collection and Processing Supplies: 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 for Blood Collection and Processing Supplies in terms of US$ for all major geographic markets such as 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.

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