Technological Advancements and Developing Countries Drive the Blood Processing Supplies and Equipment Market, According to New Report by Global Industry Analysts, Inc.

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GIA announces the release of a comprehensive global report on Blood Processing Supplies and Equipment markets. World market for Blood Processing Supplies and Equipment is projected to reach US$10.3 billion by 2018, driven by the launch of innovative products, rising demand for blood products from aging population in developed markets, and strong promotional campaigns undertaken by various collection agencies for encouraging blood donation. Further, improving healthcare infrastructure in developing nations, and adoption of stringent regulatory requirements are expected to foster market growth.

Blood Processing Supplies and Equipment: A Global Strategic Business Report

Follow us on LinkedIn – Globally, demand for blood and blood products continues to rise, led by growing concerns over spread of infectious diseases through donated blood, and the emergence and growth of cord blood. World market for blood processing supplies and equipment market would be driven by a host of factors including the advent of technologically advanced products, rising demand for blood products from aging population in developed markets such as the US, Japan, and Europe, and strong efforts of blood collection organizations to encourage blood donation. In addition, the growing popularity of synthetic blood products is driving growth in the blood processing supplies and equipment market.

Increasing cancer treatment and rapid increase in complex surgical procedures such as open heart and orthopedic surgeries bodes well for the market. Growth would also be influenced by rising need for safe blood, and the adoption of stringent regulatory specifications. Though blood processing supplies and equipment market exhibited relative resilience to the recent economic downturn, the market was not entirely impervious to the economic adversities. The recession led many small-sized blood banks to shut shop and ship their donor blood samples to bigger banks for performing screening tests for infectious diseases. Besides, purchases of advanced equipment had also been put off at various blood centers and programs, despite many of them being at the juncture of implementing new tests such as Parvovirus B19 screening and Chagas’ Disease assay. All these factors considerably squeezed market opportunities for blood processing supplies and equipment during this phase. With the recession having played out its part in full proportion, the market is all set to witness increased demand in the next few years.

Blood collection sector has been witnessing numerous technology developments and innovations. Companies have started developing automated collection devices that not only minimize the contamination risk associated with blood collection but also make the process highly complicated. These automated alternatives, which include autologous disposables and devices and apheresis, have been gaining a lot of popularity in the recent times. In fact, plasmapheresis has not only become a standard procedure for donating blood, but also emerged as a major source for procuring plasma. This increasing demand for automated alternatives is influencing growth of blood banking devices as a whole, and is shifting manufacturers’ focus towards automation. Other major technological advancements include blood collection monitors with programmable blood volume collection of high precision, and continuous agitation to avoid the formation of clots. In recent times, companies have also developed tube sealers with rapid charging facilities to ensure the high quality of sealing on a continuous basis with relatively less charging times. Given the improvements in technologies, blood donor changes have evolved into full fledged blood donor stations with comprehensive donor care facilities.

As stated by the new market research report on Blood Processing Supplies and Equipment, developed markets such as the US and Europe continue to account for a major share of global sales. High consumer awareness levels, well-established healthcare infrastructure, Government support, and availability of advanced blood collection technologies are major factors that make these nations a lucrative market for blood and blood banking products. Despite the substantial share held by developed regions, developing markets such as Asia-Pacific and Latin America are expected to spearhead growth in the coming years driven by the expanding population in countries such as China and India. Additionally, the Governments in these nations are focusing on improving healthcare delivery, including the blood banking sector, thereby providing further impetus for the growth of the market in these nations.

Hematology Reagents, which are used in cell counting and determination of cell properties, represent the largest product segment with growth driven by the continuous detection of new conditions and diseases. The US hematology market has been affected by increasing number of Group Purchasing Organizations, and the intense consolidation in the laboratory market. The US represents the single largest market for hematology reagents. Fastest growth is expected from Coagulation Reagents, which are used for analyzing coagulation and bleeding disorders. Asia-Pacific represents the fastest growing market for Coagulation Reagents with a CAGR of 10.6% over the analysis period.

Blood processing supplies and equipment market is characterized by intense competition, with players looking to offer a complete, reliable line of high-quality products at competitive prices, and launching innovative products, so as to retain their competitive edge. Major players profiled in the report include Beckman Coulter Inc., Becton, Dickinson and Company, Fenwal Inc., Fresenius Kabi AG, Haemonetics Corp., Immucor Inc., MacoPharma SA, Pall Corp., and Terumo BCT, Inc.

The research report titled "Blood Processing Supplies and Equipment: A Global Strategic Business Report" announced by Global Industry Analysts, Inc., provides a comprehensive review of trends, issues, strategic industry activities, and profiles of major companies worldwide. The report provides market estimates and projections across geographic markets such as the US, Canada, Japan, Europe (France, Germany, Italy, UK, and Rest of Europe), Asia Pacific, Latin America, and Rest of World.

Key product segments analyzed in the report include Blood Administration Sets, Blood Bank Freezers, Blood Bank Refrigerators, Blood Cell Processors, Blood Cell Washer Bags, Blood Collection Needles, Blood Collection & Micro Collectors, Blood Collection Tube Adapters, Blood Donor Sets, Blood Filters, Blood Grouping Analyzers, Blood Lancets, Blood Sample Mailers, Blood Sampling Kits, Blood Tube Mixes, Blood Warming Coils/Pouches, Cleaning Solutions, Donor Blood (Blood Bank) Mix, Blood Grouping Reagents, Coagulation Reagents, Hematology Reagents, Hematology Stains, Control Plasmas, Hematocrit Centrifuges, Microscopic Slides, Sedimentation Tubes, Slide Stainers, Specimen Labels, Test Tube Racks, and Vials.

For more details about this comprehensive market research report, please visit –
http://www.strategyr.com/Blood_Processing_Supplies_and_Equipment_Market_Report.asp

About Global Industry Analysts, Inc.
Global Industry Analysts, Inc., (GIA) is a leading publisher of off-the-shelf market research. Founded in 1987, the company currently employs over 800 people worldwide. Annually, GIA publishes more than 1300 full-scale research reports and analyzes 40,000+ market and technology trends while monitoring more than 126,000 Companies worldwide. Serving over 9500 clients in 27 countries, GIA is recognized today, as one of the world's largest and reputed market research firms.

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Global Industry Analysts, Inc.
Telephone: 408-528-9966
Fax: 408-528-9977
Email: press(at)StrategyR(dot)com
Web Site: http://www.StrategyR.com/

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