Blood Collection Processing, Management Devices & Consumables Global Market Estimated to be Worth $35,693 Million by 2023
Blood collection, processing, management devices & consumables devices play a vital role in the collection of blood from donors, segregating into blood components. These blood collection, processing, management devices & consumables help in avoiding the transmission of infectious diseases and other complications during transfusion.
According to IQ4I analysis, the blood collection, processing, management devices & consumables global market is expected to grow at a mid range single digit CAGR to reach $35,693 million by 2023. Increase in aging population and subsequent rise in incidence of chronic diseases, emergence of automated blood collection and processing devices, favorable reimbursement policies are some of the factors driving the blood collection, processing management devices & consumables market growth. Emergence of needle free devices & RFID technology and market expansion opportunities in emerging countries are few opportunities for the expansion of BCPMD&C market.
The blood collection, processing, management devices & consumables global market is mainly segmented by applications, products, end-users and by geography. The BCPMD&C global market by the application is segmented into diagnostics, therapeutics, research and others. The diagnostic segment accounted for the largest share in 2016. Among the various types of diagnostics application segment, non-infectious disease segment has been gaining huge momentum with strong projected from 2016-2023. Among the therapeutic application segment, injury, trauma and surgery generated the largest revenue in 2016 due to increasing trauma and accident incidences.
Advancements in technology includes automated blood collection & processing devices, portable blood collection and processing devices, customized blood collection, processing devices & consumables, Hemosep 3-D printed blood collection devices, microfluidic blood collection devices, RFID technology, robotics in blood management. One of the most notable advancements in this market includes a microfluidic blood collection device called HemoLink, which is a blood collection device that leverages microfluidics to create a slight vacuum that pulls the blood from capillaries through tiny channels in the skin into the small tube and collects about 0.15 cubic centimeters of blood without injuring the veins.
Matured regions such as North America commanded the largest market share, Asia-pacific region is expected to grow at the highest CAGR from 2016-2023. Significant launch of new products, agreement, partnership, collaborations, and joint ventures are the industry trends that are playing a major role in the market growth.
Major players in blood collection, processing, management devices & consumables global market include Abbott Laboratories (U.S.), Becton, Dickinson & Company (U.S.), Haemonetics Corporation (U.S.), Grifols International S.A. (Spain), Sysmex Corporation (Japan), Immucor, Inc. (U.S.), Danaher Corporation (U.S.), Fresenius Kabi (U.K.), Terumo Corporation (Japan), Macopharma (France), ThermoFisher Scientific Corporation (U.S.), Biomerieux (France), Bio-Rad Laboratories (U.S.) and Roche Holdings AG (Switzerland).
No- 11, Industrial Suburb, 1st Stage, West of Chord Road, Rajaji Nagar, Bangalore- 560010