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Blood collection systems market to increase at a CAGR of 10.11%

Press Release   •   Nov 05, 2013 12:30 GMT

An increasing aging population and the increase in automated blood collection systems is set to drive the blood collection systems market at a compound annual growth rate (CAGR) of 10.11% through 2016.

Many advancements in blood collection techniques and devices have been made in recent years.

The medical devices sector has witnessed a number of technological advancements over the past few years, which have led to the development of automated blood collection devices, which make the process highly refined and reduce the risk of contamination.

In order to avoid the risk of acquiring transfusion-transmitted diseases and to meet the unmet demands of blood and blood components, manufacturers are producing highly complicated automated blood collection machines, refrigerators, freezers, bags, needles, tubes, donor sets, hematocrit centrifuges, reagents, and vials for avoiding contamination.

The automaton of devices reduces human intervention, requires less number of professionals, and also reduces the risk of pathogen development.

Another important aspect of automation is the decrease in the technical assistance involved during blood collection; thus, less exposure to pathogen and bacterial infection throughout the entire process.

Therefore, automated alternatives such as autologous blood transfusion devices and apheresis have been gaining popularity in recent times.

The high cost of blood handling equipment is a major problem currently facing the industry. Various small vendors do not have the required budget for capitalising on high cost automated blood collection systems.

Becton Dickinson & Co., Fresenius Kabi AG, Haemonetics Corp., and Terumo Penpol Ltd are the key players currently dominating the blood collection systems market.

For more information on the blood collection systems market, see the latest research: Medical Device Market Research

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