Blood Management System Market to be Supported by the Rise in Number of Blood Donations through 2028
Increasing demand for blood
and blood products is expected to drive the global blood management system
market during the forecast period, 2024-2028.
According to TechSci Research
report, “Blood Management System Market - Global Industry Size, Share, Trends, Opportunity,
and Forecast, 2018-2028”, the global blood
management system market is anticipated to grow at a significant rate in the
forecast period, 2024-2028. The growing incidence of blood disorders, such as
hemophilia, sickle cell anemia, and leukemia, is expected to have a significant
impact on the global blood management system market. These disorders often
require the use of blood transfusions and blood products for treatment, which
drives the demand for these products. As a result, healthcare facilities are
implementing an effective blood management system to ensure adequate supplies
of blood and blood products, and to avoid wastage and shortages. The growing
incidence of blood disorders, therefore, underscores the need for robust blood
management systems, which in turn, propels the growth of the global blood
management system market.
However, the high cost
associated with the implementation
and maintenance of blood management systems is expected to hamper the growth of the
global blood management system market in the forecast period. Besides, the dearth of skilled professionals
may hamper the growth of the global blood management system market in upcoming
years.
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Blood Management System Market”
Global blood
management system market is segmented based on type, end user, company, and
region.
Based on type,
the global blood management system market is segmented into donor management
module, transfusion service module, inventory management, donation scheduling,
screening & testing, reporting & analytics, integration &
interoperability, and others. The
transfusion service module segment is one of the fastest-growing in the global blood
management system market. It is because the transfusion service module manages
the transfusion process, from blood product request to final delivery. It
ensures proper matching of blood products of patients, tracks
transfusion-related data, and promotes adherence to transfusion guidelines.
Based on end
user, the global blood management system market is divided into blood banks,
hospitals, ambulatory care centers, and others. Of these end-users, the blood
banks segment is expected to hold the largest share in the global blood
management system market during the forecast period. This is attributed to the
increased awareness of blood donations, the high demand for blood, and others.
Major companies
operating in global blood management system market are:
- Cerner Corporation
- Haemonetics Corporation
- Coelentera Technologies Pvt. Ltd.
- Strides Software Solutions Pvt Ltd.
- McKesson Corporation
- Integrated Medical Systems, Inc.
- MAK-SYSTEM International Group
- Mediware, Inc.
- CompuGroup Medical SE & Co. KGaA
- SCC Soft Computer
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“North America dominates the
global blood management system market. This is because the region has a
well-established healthcare infrastructure, advanced technology adoption, and
robust regulatory frameworks that contribute to the dominance of the global
blood management system market. Additionally, factors such as the presence of
key market players, increasing awareness about blood safety and management, and
high healthcare expenditure in North America have further fueled the growth and
is expected to drive the growth of market” said Mr. Karan Chechi, Research
Director with TechSci Research, a research based global management consulting
firm.
“Blood Management System
Market - Global Industry Size, Share, Trends, Opportunity, and Forecast,
2018-2028 Segmented By Type (Donor Management Module, Transfusion Service
Module, Inventory Management, Donation Scheduling, Screening & Testing,
Reporting & Analytics, Integration & Interoperability, and Others), By
End User (Blood Banks, Hospitals, Ambulatory Care Centers, and Others), By
Region and Competition”, has evaluated the future
growth potential of global blood management system market and provides
statistics & information on market size, structure, and future market
growth. The report intends to provide cutting-edge market intelligence and help
decision makers take sound investment decisions. Besides, the report also
identifies and analyzes the emerging trends along with essential drivers,
challenges, and opportunities in global blood management system market.
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