Blood Processing Consumables Market Size and Forecasts (2021 - 2031), Global and Regional Share, Trends, and Growth Opportunity Analysis

MARKET INTRODUCTION

Blood collection process involves blood collecting device and processing devices. These devices are accompanied with consumables. These consumables help in smooth withdrawal and processing of blood. These processed bloods are stored at a stable temperature to ensure they do not degrade. These collected blood are stored in blood banks.

MARKET SCOPE

The "Blood Processing Consumables Market Analysis to 2031" is a specialized and in-depth study of the healthcare industry with a special focus on the global market trend analysis. The report aims to provide an overview of Blood Processing Consumables market with detailed market segmentation by product type, end user and geography. The Blood Processing Consumables market is expected to witness high growth during the forecast period. The report provides key statistics on the market status of the leading players in Blood Processing Consumables market and offers key trends and opportunities in the market.

MARKET SEGMENTATION

•   Based on the product type blood processing consumables market is segmented as blood administration sets, blood bags, blood collection needles, blood collection tubes, blood filters, blood lancets, blood grouping reagents, blood coagulation reagents and others
•   Based on end user application, the market is segmented as, hospitals & clinics, blood banks diagnostic laboratories, and others.

MARKET DYNAMICS

Drivers -

•   Increasing demand for blood and blood components across various surgical procedures.
•   Rising shortage between demand and supply of blood units across various emerging economies
•   Rise in establishment of new hospitals and blood banks.

Restraints -

•   Injuries and chance of infection during blood collection

REGIONAL FRAMEWORK

The report provides a detailed overview of the industry including both qualitative and quantitative information. It provides overview and forecast of the Blood Processing Consumables market based on various segments. It also provides market size and forecast estimates from year 2021 to 2031 with respect to five major regions, namely; North America, Europe, Asia-Pacific (APAC), Middle East and Africa (MEA) and South & Central America. The Blood Processing Consumables market by each region is later sub-segmented by respective countries and segments. The report covers analysis and forecast of 18 countries globally along with current trend and opportunities prevailing in the region.

The report analyzes factors affecting blood processing consumables market from both demand and supply side and further evaluates market dynamics affecting the market during 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 blood processing consumables market in these regions.

IMPACT OF COVID-19 ON BLOOD PROCESSING CONSUMABLES MARKET

COVID-19 first began in Wuhan (China) during December 2019 and since then it has spread at a fast pace across the globe. The US, India, Brazil, Russia, France, the UK, Turkey, Italy, and Spain are some of the worst affected countries in terms confirmed cases and reported deaths. The COVID-19 has been affecting economies and industries in various countries due to lockdowns, travel bans, and business shutdowns. Shutdown of various plants and factories has affected the global supply chains and negatively impacted the manufacturing, delivery schedules, and sales of products in global market. Few companies have already announced possible delays in product deliveries and slump in future sales of their products. Rise in plasma therapy as potential application in treatment of COVID-19 is expected to boost demand of blood processing consumables.

MARKET PLAYERS

The report covers key developments in the Blood Processing Consumables market as organic and inorganic growth strategies. Various companies are focusing on organic growth strategies such as product launches, product approvals and others such as patents and events. Inorganic growth strategies witnessed in the market were acquisitions, and partnership & collaborations. These activities have paved way for expansion of business and customer base of market players. The market players from Blood Processing Consumables market are anticipated to have lucrative growth opportunities in the future with the rising demand for Blood Processing Consumables in the global market. Below mentioned is the list of few companies engaged in the Blood Processing Consumables market.

The report also includes the profiles of key players in Blood Processing Consumables market along with their SWOT analysis and market strategies. In addition, the report focuses on leading industry players with information such as company profiles, components and services offered, financial information of last 3 years, key development in past five years.

•   BioMerieux SA
•   Abbott Laboratories
•   Bio-Rad Laboratories
•   Becton Dickinson and Company
•   Roche Holdings AG
•   Danaher Corporation
•   Immucor, Inc.
•   Thermogenesis Corporation
•   Grifols International
•   Terumo Corporation

The Insight Partner's dedicated research and analysis team consists of experienced professionals with advanced statistical expertise and offers various customization options in the existing study.

Blood Processing Consumables Report Scope