Technological Advancements Drive Demand for Blood Processing Supplies and Equipment, According to New Report by Global Industry Analysts, Inc.

GIA announces the release of a comprehensive global report on Blood Processing Supplies and Equipment markets. Global market for Blood Processing Supplies and Equipment is projected to reach US$11.3 billion by 2020 driven by technological advancements, launch of new products and rising demand for blood products from aging population in developed countries.

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Blood Processing Equipment and Supplies: A Global Strategic Business Report

San Jose, California (PRWEB) April 15, 2014

Follow us on LinkedIn – The global blood processing supplies and equipment market is driven by a number of factors, including advent of innovative products, technological advancements, growing demand for safe and enhanced quality of blood, strong promotional campaigns for blood donation, aging population, and increasing incidences of Hepatitis and HIV. Changes in blood collection procedures, development of innovative pre-donation and post-donation screening test kits, and steady migration from manual collection to automated collection machines, are all poised to benefit growth in the market.

Over the years, safety has emerged as a key concern in blood products sourced from blood banks. Companies are developing automated blood collection devices that minimize contamination risk associated with blood collection and processing. Reduced human intervention lowers the chances of contamination. Automated alternatives, which include autologous disposables and devices, have been gaining significant popularity over the last couple of years. Other major technological advancements in the blood industry include development of blood bags with blood collection monitors, and integrated filers as well as tube sealers. Blood collection monitors are also being launched with other advanced features such as fully-automated pre-installed software systems and multiple donor management for better control of blood collection quality, as well as donor health during the donation process.

Companies have also developed tube sealers with rapid charging facilities to ensure the high quality sealing on a continuous basis with relatively less charging times. RFID technology enabled blood bank refrigerators represent the latest innovation in blood refrigeration.

As stated by the new market research report on Blood Processing Supplies and Equipment, Europe represents largest market worldwide. Asia-Pacific is forecast to emerge as the fastest growing market with a CAGR of 8.1% over the analysis period. Growing population, developing healthcare infrastructure, support from the government, and availability of advanced blood collection technologies are major factors driving growth in the region. Hematology reagents represents the largest product market, while coagulation reagents rank as the fastest growing sector. Increasing use of anti-coagulation therapy, wider adoption of self-testing kits and high prevalence of cardiac diseases are major factors driving growth.

Major players covered in the report include Beckman Coulter Inc., Becton, Dickinson and Company, Fresenius Kabi AG, Fenwal Inc., Haemonetics Corp, Immucor Inc., MacoPharma SA, Terumo Corp. and Terumo BCT Inc.

The research report titled "Blood Processing Equipment and Supplies: A Global Strategic Business Report" announced by Global Industry Analysts, Inc., provides a comprehensive review of trends, issues, and strategic industry activities of major companies worldwide. The report provides market estimates and projections for geographic markets such as the United States, Canada, Japan, Europe (France, Germany, Italy, UK, Spain, Russia and Rest of Europe), Asia-Pacific (China and Rest of Asia-Pacific), Latin America and Rest of World. 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 1500+ 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.

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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  • Raghu Gopal
    Global Industry Analysts Inc
    +1 408-528-9966
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