Blood Preparation Market - Global Industry Analysis, Size, Share, Trends, Analysis, Growth, and Forecast 2017 - 2025

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Blood Preparation Market - Global Industry Analysis, Size, Share, Trends, Analysis, Growth, and Forecast 2017 - 2025

Status : September, 2020 | Healthcare IT | PPT format

Report Digest


Global Blood Preparation Market: Snapshot

The process for preparing blood components is the centrifugation of one unit of the whole blood. The whole blood comprises of colloids, cells and crystalloids which can be differentiated into different blood components such as red blood cell, white blood cell, platelet, plasma, and precipitate. For therapeutic efficacy, these different blood components need different temperature requirements and storage conditions. The blood preparation market is developing due to the increasing use of leucocyte reduced RBCs, platelet concentrate, packed red cells, cryoprecipitate and the whole blood components. Major applications involves in blood preparation are renal impairment, pulmonary embolism, thrombocytosis, angina blood vessel complications which helps the market to grow rapidly. Increasing clinical research studies in hematology and emergence of various therapeutic agents help to treat the patients and improves the quality of life.

The growing demand for blood transfusion, highly needed blood during surgical procedures and  increasing number of blood disorders to make up for extreme blood loss are stimulating the growth in  blood preparation market. One of the primary factors which can obstruct the market growth is the high risk of blood transmission disease such as viral hemorrhagic fever, Hepatitis B and HIV. Nevertheless, the opportunities present in the market will be highly extended by the development of advanced technologies for separating the blood components. Many companies are involved in the development of newer high-speed technologies and instruments for easily preparing blood components. North America, Europe and Asia pacific are the influential region for the growth of the blood preparation market. Favorable reimbursement policies for blood components has been noticed in those regions. In Asia Pacific, India and China provides support for the development of advanced technology for the blood preparation process.    

Global Blood Preparation Market: Overview 

Blood components preparation involves the centrifugation of one unit of whole blood. Developed in 1960, the process is carried out by a specialized equipment known as a refrigerated centrifuge. Whole blood, which is a mixture of cellular elements, crystalloids, and colloids of varying relative density, size, and sediment rate can be separated by the application of centrifugal force. 

According to the World Health Organization, every year almost 108 million units of donated blood is collected across the world. The whole blood needs to be separated into components that can be used for a different indication. 

Global Blood Preparation Market: Key Trends 

The rising demand for blood transfusion in the casualty department of hospitals is steering the growth of the global market for blood preparation. The increasing number of blood disorders and the increasing need for blood during surgical procedures and casualties to make up for blood loss are bolstering the growth of this market. According to the statistics of Center for Disease Prevention and Control, in the U.S., almost 1-2 per 1,000 individuals suffer from deep vein thrombosis (DVT) each year. To address this, the National Institutes of Health and other accredited bodies are running programs in order to raise awareness about the complications that these conditions can lead to. 

However, the growth of the blood preparation market is impeded due to a single major restraint. Blood transfusion involves a high risk of transmission of diseases such as HIV, viral hemorrhagic fever, and Hepatitis B, thereby limiting its use for serious cases. Nevertheless, the development of newer high-speed technology for separating blood components will extend opportunities to this market. 

Global Blood Preparation Market: Market Potential 

With the development of high-speed technology for separating blood components, the blood preparation market is expected to reach new heights. Companies are engaged in the development of advanced instruments for the easy preparation of blood components. For example, Compomat G4 introduced by Fresenius Kabi can separate large volumes of blood at enhanced speed. Moreover, the rising demand for source plasma and the demand for specific blood constituents such as packed red blood cells will further present growth opportunities to this market. 

The use of digital technology is another trend coming to the fore in blood preparation practices. In a recent industry development, BloodCenter of Wisconsin has introduced the utilization of radio frequency identification technology (RFID) for maintaining blood utilization and inventory records. 

Global Blood Preparation Market: Regional Overview 

The global market for blood preparation can be broadly segmented into North America, Europe, Asia Pacific, and Rest of the World. North America is a significant regional market due to an ultra-modern healthcare infrastructure and use of hi-technology for treatment purposes. In the U.S., the entire process of blood transfusion right from collection to preparation to storage is controlled by the FDA. Various other federal agencies are striving for health insurance portability standards to come into effect for favorable reimbursements for blood components. 

However, Asia Pacific is expected to display robust growth in the blood preparation market in the near future. Several governments, especially in China and India are extending support for technological advancements for blood preparation processes. The continual growth of the healthcare sector in Australia and Japan will also support the growth of the Asia Pacific market for blood preparation. 

Global Blood Preparation Market: Competitive Analysis 

Some of the leading players in the global market for blood preparation include Pfizer, AstraZeneca, Celgene, Bristol-Myers, Shandong East Chemical, GlaxoSmithKline, Leo Pharma, Sanofi-Aventis, and Baxter Healthcare. 

Major players in this marker are investing heavily in research and development for the development of newer, effective, and cost-efficient drugs for several blood-related disorders. These companies are engaged in introducing new technologies and hiring expert personnel for the development of newer pipeline drugs to cater to the needs of the ever-increasing patient population.

The study presents a granular assessment and quantitative evaluation of:

  • Key growth factors and prominent trends
  • Size and share of key segments in overall market
  • Key challenges and winning imperatives
  • Factors shaping competitive landscape
  • Insights into how contours of market will change in coming years
  • Technological advances
  • New avenues and imminent investment pockets
  • Regulatory landscape shaping current and future strategies of companies

The region-wise assessment includes market dynamics in:

  • North America
  • Asia Pacific
  • Europe
  • Latin America
  • The Middle East and Africa

The study is prepared with the help of an extensive primary and secondary research. Primary research includes but not limited to interactions, interviews, surveys, and events. Opinions of policy makers and industry experts are carefully integrated into the insights to complement primary research. Volumes of secondary data gleaned through renowned paid sources, annual statements, reputed journals, and government documents offer insights into current dynamics and key evolution trajectories the market is likely to assume. The research employs various industry-wide analytics methods and well-established methodologies to ascertain the attractiveness of key segments. Further, it evaluates the lucrativeness of key regions and factors underlying their maturity. The insights notably include a detailed analysis of forces behind vendor differentiation and offers insight into investment-decision making by prominent players.

The report strives to enlighten businesses and industry stakeholders on multiple facets of the growth dynamic of the market, the key of which include answers to:

  • Which key factors will shape the competitive landscape?
  • Which trends will stimulate research and development activities in different geographies?
  • Which are the lucrative growth areas and what is the size of potential they are likely contribute to the overall market?
  • Which disruptions in market growth are likely to come with the new business models?
  • Which are some of the recent overhauls in policies that may change the course of the market significantly?
  • Which are the geographies that will form sizable sources of new streams to new and established players alike?
  • How are top players likely to realign their strategy to counter the forces of competition?
  • Which key strategies emerging players are likely to focus on to consolidate their position?
  • Which changes in end-user preferences might affect the status quo held by the leading players?
  • Which are some of the game-changing innovations influencing the projected share and revenue of the market and its segments?

Note: Utmost care has invariably been taken to present data and arrive at statistics at all the TMR Research reports. Meanwhile, some recent developments and new industry trends may take time to be included in the reports.