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) and 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, Test Tube Racks, and Vials)), By End User (Hospitals 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$ 45.7 Bn in 2023, and is expected to exhibit a CAGR of 6.7% during the forecast period (2023-2030), as highlighted in a new report published by Coherent Market Insights.
Increasing number of organ transplants worldwide is expected to drive growth of the global blood processing devices over forecast period as organ transplants require blood transfusion and blood processing. For instance, according to Global Observatory on Donation and Transplantation, the global database on donation and transplantation, in 2021, 144.302 organs were transplanted globally.
Global Blood Processing Devices and Consumables Market– Impact of Coronavirus (COVID-19) Pandemic
The World Health Organization (WHO) designated the illness caused by the Severe Acute Respiratory Syndrome Coronavirus 2 (SARS-CoV-2), which first appeared in Wuhan (province of Hubei, China), in the last months of 2019, as "coronavirus disease 2019" or COVID-19. The virus spreads quickly, and had a serious negative impact on the economies, social behaviors, and healthcare of every country in the world.
COVID-19 affected the economy in three main ways: by directly affecting production and demand, by creating disruptions in distribution channels, and through its financial impact on firms and financial markets. Due to the lockdown, several countries such as India, China, Brazil, and others faced problems regarding transportation of things from one place to another.
Thus, COVID-19 had positive impact on the global blood processing devices and consumables market owing to increase in launch of blood processing devices such as plasma freezers. For instance, in March 2021, Helmer Scientific, a medical and laboratory equipment manufacturing company, announced the launch of Laboratory & Plasma Freezers for vaccines, medications, blood therapies, and sample storage. The newly launched plasma freezer can be used to store COVID-19 vaccines that require frozen temperature storage.
Global Blood Processing Devices and Consumables Market: Key Developments
In May 2023, CML Biotech Ltd., a manufacturer of blood collection tubes in India, installed the world’s first integrated machine ‘HUSKY-ICHOR’ in India, for manufacturing blood collection tubes.
In December 2021, QinFlow, a manufacturer of portable blood and IV fluids warming solutions, announced that Warrior blood and fluid warmer line is approved for distribution in Canada by Health Canada. The company’s Warrior line consist of various blood/fluid warmers.
In October 2021, Thermo Fisher Scientific, a global healthcare company, launched Blood Bank Refrigerator Series. All models in the series have low energy consumption, and real-time monitoring that ensures minimal energy use and heat production, adding to the product's sustainability features.
Browse 25 Market Data Tables and 25 Figures spread through 140 Pages and in-depth TOC on “Global Blood Processing Devices and Consumables Market”- Forecast to 2030, 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) and 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 (Hospitals and Clinics, Diagnostic Laboratories, and Others), and By Region (North America, Latin America, Europe, Asia Pacific, Middle East, and Africa)
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Key Takeaways of the Global Blood Processing Devices and Consumables Market:
- Global blood processing devices and consumables market is expected to exhibit a CAGR of 6.7% during the forecast period. The merger with emerging economies offers lucrative growth opportunities for players in the global blood processing devices and consumables market .
- Among product type, the devices segment is expected to hold a dominant position in the global blood processing devices and consumables market during the forecast period as key market players such as BD, Medline, AdvaCare Pharma USA LLC, Nipro Medical offers blood collection needles
- Among region, North America is expected to be the dominant region in the global blood processing devices and consumables market as key players are focusing on organic strategies to start new product launches
- Major players operating in the global blood processing devices and consumables market are 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.
