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Blood Banking Devices Market 2019: Key Growth Drivers and Current Industry Trends

Press release   •   Sep 20, 2019 11:41 IST

Blood Banking Devices Market

The growth of global blood banking devices market is expected to be driven by factors such rising incidence of accidents and trauma cases across the globe. Moreover, the initiatives taken by the government and non-government organizations such as conduction of blood donation camps as well as spreading awareness regarding blood donations are also among the several other factors promoting the growth of global blood banking devices market. Additionally, the market launch of products with significant market appeal such as development of collection devices that results in minimal pain are expected to act as potential market opportunities for players to venture upon and grow subsequently.

Blood banking devices refers to the basic equipment used majorly in blood banks for various purposes. The blood banks that operate as central unit for collection, separation and storage of blood requires several devices such as analyzers, filters and storage devices among others to perform these tasks. These devices are majorly used by the hospitals that perform blood collection and storage as well as individual organizations that conducts blood donation camps, and manages the samples of blood.

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The global blood banking devices market is segmented on the basis of product, mode of collection, and end user. On the basis of product, the global blood banking devices market is segmented into blood collection devices, blood processing devices, and blood storage devices. Based on mode of collection, the market is segmented into manual blood collection and automated blood collection. On the basis of end user, the global blood banking devices market is segmented in to hospitals, blood banks and other end users.

The key players operating the global blood banking devices market include BD, Thermo Fisher Scientific Inc., Abbott, Fresenius Kabi AG, Beckman Coulter, Inc., bioMérieux SA, China Biologic Products Holdings, Inc., Immucor, Inc., Intstrumentation Laboratory, and F. Hoffmann-La Roche Ltd among others.

The blood banking devices market report analyzes factors affecting market from both demand and supply side and further evaluates market dynamics effecting the market during the forecast period i.e., drivers, restraints, opportunities, and future trend. The report also provides exhaustive PEST analysis for all five regions namely; North America, Europe, APAC, MEA and South & Central America after evaluating political, economic, social and technological factors effecting the market in these regions.

North America holds a dominant position in the global blood banking devices market which is primarily attributed to the presence of large number of blood banks and rising incidence of blood cancer (leukemia) in the region. Moreover, increasing number of innovative product launches of blood collection and storage devices from the prominent players located in North American region is also driving the growth of this market in this region. Asia Pacific on the other hand is expected to witness significant growth over the forecast period owing to the increasing number of road accidents due to rising population as well as rising awareness in the populace regarding blood donation and availability of blood banks.

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The blood banking devices market report provides a detailed overview of the industry including both qualitative and quantitative information. It provides overview and forecast of the global blood banking devices market based on product, mode of collection, and end user. It also provides market size and forecast till 2027 for overall blood banking devices market with respect to five major regions, namely; North America, Europe, Asia-Pacific (APAC), Middle East and Africa (MEA) and South & Central America. The market by each region is later sub-segmented by respective countries and segments. The report covers analysis and forecast of 13 counties globally along with current trend and opportunities prevailing in the region.

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The Insight Partners is a one stop industry research provider of actionable intelligence. We help our clients in getting solutions to their research requirements through our syndicated and consulting research services. We are a specialist in Technology, Media, Healthcare and Telecommunication industries.

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