Blood Preparation Market to Grow with a CAGR of 5.74% through 2028
Rising advancements in blood testing and screening are
expected to drive the Global Blood Preparation Market growth in the forecast
period, 2024-2028.
According to TechSci Research report, “Blood
Preparation Market – Global Industry Size, Share, Trends, Competition
Forecast & Opportunities, 2028”, the Global Blood Preparation Market
stood at USD 39.12 billion in 2022 and is anticipated to grow with a CAGR of 5.74%
in the forecast period, 2024-2028. The global blood preparation market is
undergoing significant growth, driven by a confluence of factors that emphasize
the importance of blood and blood-related products in modern healthcare. With
the rising prevalence of chronic diseases, the increasing need for safe and efficient
blood products, and innovations in blood preparation technologies, this market
is on a trajectory of expansion. Surgical procedures are another major contributor to
the demand for blood preparation products. Surgeries, whether planned or emergency,
frequently require blood transfusions to replace lost blood, manage bleeding
disorders, or support patients with various medical conditions. The increasing
number of surgical interventions globally, including cardiac surgeries, organ
transplants, and trauma surgeries, is boosting the demand for blood
preparations to cater to the transfusion needs of patients during and after
these procedures.
Blood safety is a paramount concern in healthcare.
Ensuring that blood and blood products are free from infections and diseases is
critical. Advancements in blood testing and screening technologies have led to
more accurate and efficient methods for detecting infectious agents, such as
HIV, hepatitis, and various other bloodborne pathogens. These innovations have
not only improved the safety of blood products but also reduced the risk of
transfusion-related complications, thereby driving the demand for blood
preparation products that adhere to the latest quality and safety standards.
The blood preparation process has evolved
significantly over the years. Automation and advanced equipment have improved
the efficiency and reliability of blood collection, separation, and storage.
Automated systems are capable of processing large volumes of blood components
with precision, reducing the margin of error and the risk of contamination. The
adoption of these cutting-edge technologies enhances the overall quality and
safety of blood products, ensuring that they meet the highest regulatory standards.
Browse over XX market data Figures spread
through XX Pages and an in-depth TOC on "Global Blood Preparation Market”
The global demographic landscape is shifting, with an
increasing proportion of the population being composed of older individuals.
Older adults are more likely to require blood transfusions due to various
age-related conditions and surgical interventions. As the aging population
expands, so does the demand for blood preparations. This demographic shift is a
significant driver of the global blood preparation market, as it ensures a
steady and growing need for blood products.
The Global Blood Preparation Market is segmented into Product, Type, Application, Regional Distribution, And Company.
Based on the Product, blood derivatives emerged as the dominant segment in the global market for Global Blood
Preparation Market in 2022. Using blood components, as opposed to whole blood,
reduces the risk of transfusion-related complications. When patients receive
only the specific component they require, it minimizes the chances of receiving
unnecessary components that may lead to adverse reactions or other
complications. This approach aligns with a focus on patient safety and targeted
therapy. Blood components help optimize the use of the available
blood supply. Rather than transfusing whole units of blood, healthcare
providers can divide donated blood into its components, allowing for the
efficient allocation of resources. This optimization is especially critical in
situations where the supply of whole blood is limited. Blood components have a
longer shelf life compared to whole blood. Red blood cells, for example, can be
stored for an extended period, allowing for better inventory management and
minimizing wastage. This is particularly important for blood banks and
healthcare facilities, as it helps maintain a consistent supply of blood
components.
Based on the Application, Pulmonary
Embolism emerged as the dominant segment in the global market for Global Blood
Preparation Market in 2022. Pulmonary embolism is a life-threatening
medical emergency that occurs when blood clots block the pulmonary arteries in
the lungs. To treat this condition effectively, patients often require
immediate anticoagulation therapy, which involves the use of blood preparation
products like anticoagulants. The critical nature of pulmonary embolism makes
it a high-priority application within the blood preparation market. Blood
preparation products are also employed as preventive measures for patients at
high risk of pulmonary embolism. Individuals undergoing surgery, especially
major procedures like orthopaedic surgeries or those with known risk factors,
may be given anticoagulants before or after surgery to prevent clot formation
and reduce the risk of pulmonary embolism. This prophylactic use drives the
demand for blood preparation products.
Pulmonary embolism is a relatively
common condition, and its prevalence is increasing due to factors like aging
populations and sedentary lifestyles. As the global population ages and
lifestyle-related health issues become more prevalent, the demand for blood
preparation products to manage and prevent pulmonary embolism is on the rise.
North America emerged as the dominant
player in the global Blood Preparation Market in 2022, holding the largest
market share. The region is a hub for medical research and innovation,
leading to the development of cutting-edge blood preparation technologies.
Advancements in automation, nucleic acid testing, and specialized blood
components are commonplace, ensuring the highest level of quality and safety in
the blood supply. North America has a high prevalence of chronic diseases,
including cardiovascular conditions, cancer, and diabetes, which often
necessitate blood transfusions and specialized blood preparation products. The
growing incidence of chronic diseases in the region increases the demand for
these products. North America has one of the highest healthcare expenditures in
the world. This substantial investment in healthcare infrastructure and
services ensures that patients have access to advanced medical procedures that
often involve blood preparation, further fueling the market's growth. The
region has well-established mechanisms for managing blood shortages. Blood
banks and healthcare providers implement efficient strategies to maintain a
consistent supply of blood and blood products, ensuring that patients' needs
are met.
Major companies operating in Global Blood
Preparation Market are:
- Pfizer, Inc.
- Bristol-Myers Squibb Company
- Leo Pharma A/S
- Sanofi
- Xiamen Hisunny Chemical Co., LTD
- AstraZeneca plc
- Baxter International Inc
- Portola Pharmaceuticals, Inc.
- GlaxoSmithKline PLC
- Shandong East Chemical Industry Co.
Download Free Sample Report
Customers can also request for 10%
free customization on this report
“The Global Blood
Preparation Market is poised for significant growth in the coming years, driven
by several key factors. Anticipated advancements in blood preparation
technologies, such as automation and nucleic acid testing, will continue to enhance
the safety and efficiency of blood products, instilling greater confidence in
healthcare professionals and the public. The rising prevalence of chronic
diseases, an aging population, and an increased focus on personalized medicine
are expected to fuel the demand for blood and blood derivatives. As healthcare
expenditure continues to rise globally, investments in advanced healthcare
infrastructure and a robust emphasis on blood safety are set to further boost
the market.” said Mr. Karan Chechi, Research Director with TechSci Research, a
research-based management consulting firm.
“Blood Preparation Market - Global Industry
Size, Share, Trends, Opportunity, and Forecast, 2018-2028 Segmented By Product
(Whole Blood, Blood Components, Blood Derivatives), By Type (Platelet
Aggregation Inhibitors, Fibrinolytics, Anticoagulants), By Application
(Thrombocytosis, Pulmonary Embolism, Renal Impairment, Angina Blood Vessel
Complications, Others)Region and Competition”, has evaluated the future growth
potential of Global Blood Preparation 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 Preparation Market.
Contact
Techsci
Research LLC
420
Lexington Avenue, Suite 300,
New
York, United States- 10170
Tel:
+13322586602
Email: [email protected]
Website: www.techsciresearch.com