Blood Processing Devices and Consumables Market to Grow to US$49.16 Billion in 2019: Transparency Market Research

Albany - NY, Aug. 27, 2015 (GLOBE NEWSWIRE) -- Transparency Market Research has announced the publication of a new market research report on the global blood processing devices and consumables market. According to the research report, the global blood processing devices and consumables market was valued at US$27.27 billion in 2012 and is expected to be worth US$49.16 billion by 2019, growing at an incredible CAGR of 8.9% from 2013 to 2019.The report, titled "Blood Processing Devices and Consumables Market (Blood Bank Refrigerators, Freezers, Cell Processors, Blood Bags, Lancets, Hematology Reagents) - Global Industry Analysis, Size, Share, Growth, Trends and Forecast, 2013 - 2019", offers an in-depth insight into the global blood processing devices and consumables market, its strengths, weaknesses, opportunities, and threats.

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Blood processing devices and consumables are used for storing and managing donated blood in blood banks. Long-term storage of blood is done using blood bags, lancets, refrigerators, and freezers. The processing of blood is done using consumables and devices such as hematology reagents, cell processors, and various laboratory equipment. These are used for testing donated blood for the presence of any kind of blood-borne disease or other hematological abnormalities. Statistics show that 70 million units of donated blood are used every year in developed countries. This fact highlights the importance of blood processing and explains the growth of this market.

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The biggest market driver for blood processing devices and consumables is their capability to eliminate the risk of diseases through blood transfusion. Sometimes, unsafe blood transfusion can lead to the spread of dangerous diseases such as AIDS, diabetes, and many others. Due to the innumerable benefits of blood processing, several governments across the globe are advocating the use of this procedure via state-led initiatives. Governments are offering several reimbursement policies to support blood processing. In the global scenario, the blood processing devices and consumables market is expected to grow rapidly due to the increasing number of blood transfusions required in surgical procedures. Research analysts have emphatically stated that the growth of the cell therapy sector will prove to be an important reason for the growth of this market. However, the massive cost of blood handling equipment can prove to be a restraint on the global blood processing devices and consumables market.

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The report studies blood processing devices such as blood bank refrigerators, blood cell processors, hematocrit centrifuges, blood warmers, blood bank freezers, and blood grouping analyzers. Additionally, it also analyzes blood processing consumables, which include vials, blood collection needles, blood administration sets, blood bags, microscopic slides, sedimentation tubes, coagulation reagents, test tube racks, blood filters, blood collection tubes, hematology reagents, slide stainer, blood lancets, and blood grouping reagents.To understand the competitive landscape of the global blood processing devices and consumables market, the expert research analysts have profiled some of the key players in the market, such as Terumo BCT, Fresenius Kabi AG, Immucor, Bio-Rad Laboratories, Haemonetics Corporation, and Abbott Laboratories. The report offers a 360-degree overview of the strategic plans of these players, their marketing strategies, investment plans, list of products, both existing and those in the pipeline, and their market shares.

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The global blood processing devices market is segmented into the following categories:

Blood Processing Devices:

  • Blood Bank Refrigerators
  • Blood Bank Freezers
  • Blood Grouping Analyzers
  • Blood Warmers
  • Hematocrit Centrifuges
  • Blood Cell Processors

Blood Processing Consumables

  • Blood Administration Sets
  • Blood Lancets
  • Blood Filters
  • Vials
  • Test Tube Racks
  • Microscopic Slides
  • Coagulation Reagents
  • Blood Grouping Reagents
  • Slide Stainers
  • Blood Bags
  • Blood Collection Needles
  • Blood Collection Tubes
  • Hematology Reagents
  • Sedimentation Tubes

Major geographies analyzed under this research report are:

  • Europe
  • North America
  • Asia Pacific
  • Rest of the World

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Transparency Market Research (TMR) is a U.S. based provider of syndicated research, customized research, and consulting services. TMR's global and regional market intelligence coverage includes industries such as pharmaceutical, chemicals and materials, technology and media, food and beverages, and consumer goods, among others. Each TMR research report provides clients with a 360-degree view of the market with statistical forecasts, competitive landscape, detailed segmentation, key trends, and strategic recommendations.

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Source:Transparency Market Research