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Global Blood Processing Devices and Consumables Market, by Product Type (Devices (Plasma Freezers, Blood Bank Refrigerators, Lab Refrigerators, Lab Freezers, Ultralow Temperatures, Shock Freezers, Grouping Analyzers, Warmers, Hematocrit Centrifuges, and Cell Processors), Consumables (Blood Administration Sets, Blood Bags, Blood Collection Needles, Blood Collection Tube, Blood Filters, Blood Lancets, Blood Grouping Reagents, Blood Coagulation Reagents, Hematology Reagents, Slides, Sedimentation Tubes, Slide  Stainer, and Test Tube Racks and Vials), by End User (Hospital and Clinics, Diagnostic Laboratories, and Others), and by Region (North America, Latin America, Europe, Asia Pacific, Middle East, and Africa), is estimated to be valued at US$ 40,139.2 Mn in 2021 and is expected to exhibit a CAGR of 6.7% during the forecast period (2021-2028), as highlighted in a new report published by Coherent Market Insights.

Increased awareness among the population for regular blood checkup is expected to propel the global blood processing devices and consumables market over the forecast period. Doctors are recommending for routine blood sampling at least once a year for early diagnosis of diseases or disorders which will help to treat patients in their initial stages of diseases. Analysis of blood provides information about changes in your body over period of time even before symptoms are seen. Blood screening can identify several disease such as cancer, Hepatitis B, diabetes, HIV AIDS, and heart disease. For instance, according to Medical News Today, February 2020, blood tests are standard part of routine and preventive healthcare and doctors may ask for blood test before physical examination of the patient. Hence owing to all these reasons global blood processing devices and consumables market is expected to grow during forecast period.

Global Blood Processing Devices and Consumables Market – Impact of Coronavirus (COVID-19) Pandemic

COVID-19 had emerged as unknown pneumonia like disease in December 2019 and became pandemic by March 2020 due its rapid spread across the globe. Several industrial sectors have been affected due to disruptions in supply of goods. Life sciences and healthcare sectors are also affected in positively as well as negatively due to COVID-19.  

Since COVID-19 outbreak and lockdown, blood donation has been reduced despite blood transfusion services are taking several precautions, which is one of the factors which has affected the global blood processing devices and consumables market. Whereas on other hand patients suffering with chronic diseases and require blood screening on regular intervals are not able to visit hospitals and diagnostic laboratories. Hence owing to these reasons global blood processing devices and consumables market has been affected severely due to COVID-19.     

Browse 16 Market Data Tables and 25 Figures spread through 210 Pages and in-depth TOC on “Global Blood Processing Devices and Consumables Market”-  Forecast to 2028, Global Blood Processing Devices and Consumables Market, by Product Type (Devices (Plasma Freezers, Blood Bank Refrigerators, Lab Refrigerators, Lab Freezers, Ultralow Temperatures, Shock Freezers, Grouping Analyzers, Warmers, Hematocrit Centrifuges, and Cell Processors), Consumables (Blood Administration Sets, Blood Bags, Blood Collection Needles, Blood Collection Tube, Blood Filters, Blood Lancets, Blood Grouping Reagents, Blood Coagulation Reagents, Hematology Reagents, Slides, Sedimentation Tubes, Slide Stainer, and Test Tube Racks and Vials), by End User (Hospital and Clinics, Diagnostic Laboratories, and Others), and by Region (North America, Latin America, Europe, Asia Pacific, Middle East, and Africa)

To know the latest trends and insights prevalent in the Global Blood Processing Devices and Consumables Market, click the link below:

https://www.coherentmarketinsights.com/market-insight/blood-processing-devices-and-consumables-market-83

Moreover, increasing government initiatives is expected to aid in growth of the global blood processing devices market over the forecast period. For instance, Japanese government has announced launch of databank of infectious diseases to fight COVID-19 initially by collecting data of 10,000 infected patients by March 2022.Japanese Government will collect blood and saliva samples and the treatment records of the individuals and will provide access to universities and firms for further research regarding respiratory diseases. Thus government initiatives for blood sample collection for research will boost the market in forecast period.

Key Takeaways of the Global Blood Processing Devices and Consumables Market:

  • The global blood processing devices and consumables market is expected to exhibit a CAGR of 6.7% during the forecast period due to rising developments in the field of life sciences.There is huge risk of several diseases in old aged population, that needs blood screening for the diagnosis of the diseases and blood processing for providing the patients with blood components required during surgery. For instance, according to a report of WHO, between 2015 to 2050 population of age 60 years and older will get doubled to 22% which is recorded to be 12%.
  • Among product type, devices segment accounted for the largest market share in global blood processing devices and consumables market in 2021. Devices such as plasma freezers, blood bank refrigerators, lab refrigerators, lab freezers, ultralow temperatures, shock freezers, grouping analyzers are extensively used for blood processing and are required in diagnostic laboratories. Thus owing to this devices have highest market share.
  • On the basis of end user, hospitals segment is estimated to hold a dominant position in the global blood processing devices and consumables market over the forecast period. All different blood test for various disease diagnosis such as HIV AIDS, cancer, Hepatitis B, diabetes, and heart disease are conducted in hospitals for which blood processing is required. Hence the market is estimated to hold largest market share.
  • Among the regions, North America accounted for the largest market share in global blood processing devices and consumables market in 2021. The U.S. has seen increase prevalence of cancer in recent few years. For instance, according to the American Society of Clinical Oncology (ASCO)’s report in 2019, approximately 8,000 people in the U.S. were diagnosed with bile duct cancer in 2019. Hence due to frequent blood tests required in cancer patients has accounted for largest market share in the region.
  • Major players operating in the global blood processing devices and consumables market include Beckman Coulter, Inc., Thermogenesis Holdings, Inc., Maco Pharma International GmbH, Immucor, Inc., Becton, Dickinson and Company, Bio-Rad Laboratories, Inc., Grifols, S.A., Abbott Laboratories, Global Scientific Company, Sigma Laborzentrifugen GmbH, Terumo BCT, Inc., Poly Medicure Ltd, and Thermo Fisher Scientific, Inc.
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