Global Blood Processing Devices and Consumables Market – Industry Trends and Forecast to 2029

Global Blood Processing Devices and Consumables Market, By Product (Devices and Consumables), End-User (Hospitals and Clinics, Diagnostic Laboratories and Other End Users) – Industry Trends and Forecast to 2029

Market Analysis and Size

The market for blood processing devices and consumables is a constantly evolving industry that has seen several technological developments. The rising need for safe blood supply for surgeries or other transfusion procedures is showing a thriving market growth. To overcome the infections caused due to blood transfusions and blood donation, several blood processing machines and blood processing consumables are utilised to prevent infection.

Data Bridge Market Research analyses a growth rate in the global blood processing devices and consumables market in the forecast period 2022-2029. The expected CAGR of Global Interventional Radiology Market is tend to be around 8.30% in the mentioned forecast period. The market value was found to be USD 40,139.2 million in 2021and is expected to reach USD 75,962 million by 2029. In addition to the market insights such as market value, growth rate, market segments, geographical coverage, market players, and market scenario, the market report curated by the Data Bridge Market Research team also includes in-depth expert analysis, patient epidemiology, pipeline analysis, pricing analysis, and regulatory framework.

Market Definition

Blood processing equipment are also used at diagnostic centres to diagnose disorders such as, cancer, and heart disease, as well as in hospitals for blood transfusions. Refrigerators, cell processors, centrifuges, blood storage bags, blood collection tubes, and other reagents are used in the blood processing process. Blood transfusion and blood processing are required for a variety of surgical procedures, stem cell therapies, and organ transplants, which is projected to drive the global blood processing devices and consumables market. Furthermore, the market expansion can be ascribed to an increase in the detection of various diseases such as cancer, diabetes, and heart diseases found by blood screening.

Report Scope and Market Segmentation

Global Disposable Hospital Supplies Market Dynamics

Drivers

• Rise in Prevalence of Blood Transfusion Diseases

Blood screening tests are necessary for blood transfusion disorders, infectious disease, and sickle cell disease, hence the global blood processing devices and consumables market is predicted to increase throughout the forecast period. Sickle cell disease is a genetically inherited condition in which red blood cells are unable to transport enough oxygen throughout the body. As a result, these patients would require blood transfusions on a regular basis, at predetermined intervals, boosting the global blood processing devices and consumables market.

• Increased Number of Surgeries

Increased open operations and surgical procedures necessitate more blood, resulting in huge demand for blood units from blood banks and donors. This necessitates the use of blood consumables and processing machines in order to collect and process the blood. Furthermore, the rising number of conditions requiring surgery, such as orthopaedic surgeries, cardiac surgeries, and spinal operations, is fuelling market expansion.

Opportunities

• Innovative Techniques and Research Increase the Market Growth

Key developments and growing research in the field of life sciences for the efficient and effective execution of blood processing are expected to drive the global blood processing devices and consumables market. For instance, according to King's College London in June 2021, neurodegenerative diseases such as Down's disease can be diagnosed based on the level of a protein present in the blood called the neurofilament light chain. Therefore, research and development of blood screening that requires blood processing is expected to drive the global blood processing devices and consumables market.

• Feasible and Effective Modality

Blood treatment devices and consumables are widely used in blood banks and medical centers to store, process and manage donated blood. These devices help store blood components in their actual form for storage and transfusion processes, as changing blood components can be useless. For instance, Hepatitis and Acquired Immunodeficiency Syndrome (AIDS) are some of the major infectious diseases that pose challenges to healthcare providers due to the difficulty in preventing and treating these diseases. Therefore, blood processing devices and consumables are used to prevent such infections.

Restraints/Challenges

• High cost of blood processing devices and consumables

The high cost of blood processing equipment and the lack of skilled medical professionals to operate expensive equipment are hampering the growth of the global market. Rapid organizational costs and large capital investments are factors in developing countries such as Brazil, India, China and Indonesia. For instance, according to the World Health Organization (WHO), irregular supply of test kits is another limiting factor that makes blood donation testing difficult in more than 16 countries.

COVID-19 Impact on Global Blood Processing Devices and Consumables Market

Considering the present scenario, COVID-19 has left an unprecedented global public health crisis that has impacted practically every business, and its long-term repercussions are expected to have an influence on industry growth during the forecast period.

The outbreak of the COVID-19 pandemic has reduced the demand for blood treatment as surgery has been discontinued worldwide. However, with the introduction of vaccines and the deregulation related to COVID 19, the number of surgeries is expected to increase and the demand for blood treatment is expected to increase in the future.

Disposable Hospital Supplies Market Scope

The disposable hospital supplies market is segmented on the basis of product and end-user. The growth amongst these segments will help you analyze meagre growth segments in the industries and provide the users with a valuable market overview and market insights to help them make strategic decisions for identifying core market applications.

Product

• Devices
• Plasma Freezers
• Blood Bank Refrigerators
• Lab Refrigerators
• Lab Freezers
• Ultralow Temperatures
• Shock Freezers
• Grouping Analyzers
• Warmers
• Hematocrit Centrifuges
• Cell Processors
• Consumables
• Blood Administration Sets
• Blood Bags
• Blood Collection Needles
• Blood Collection Tube
• Blood Filters
• Blood Lancets
• Blood Grouping Reagents
•  Blood Coagulation Reagents
• Hematology Reagents
• Slides, Sedimentation Tubes
• Slide  Stainer
• Test Tube Racks and Vials

End User

• Hospitals and Clinics
• Diagnostic Laboratories
• Others

Disposable Hospital Supplies Market Regional Analysis/Insights

The disposable hospital supplies market is analysed and market size insights and trends are provided by product and end-user as referenced above.

The major countries covered in the blood processing devices and consumables market report are the U.S., Canada and Mexico in North America, Germany, France, U.K., Netherlands, Switzerland, Belgium, Russia, Italy, Spain, Turkey, Rest of Europe in Europe, China, Japan, India, South Korea, Singapore, Malaysia, Australia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific (APAC) in the Asia-Pacific (APAC), Saudi Arabia, U.A.E, South Africa, Egypt, Israel, Rest of Middle East and Africa (MEA) as a part of Middle East and Africa (MEA), Brazil, Argentina and Rest of South America as part of South America.

North America dominates the global blood processing devices and consumables market. This is due to increased awareness in the region, the economies of developed countries and increased government support. In addition, high disposable income and favourable redemption policies support the growth of the blood treatment devices and consumables market in the region.

 Asia-Pacific is the fastest growing region of the global blood processing devices and consumables market, due to the growing awareness and demand for blood and blood components for blood transfusions in the region. In addition, population growth and various government initiatives are driving the growth of the blood treatment devices and consumables market.

The country section of the report also provides individual market impacting factors and changes in regulation in the market domestically that impacts the current and future trends of the market. Also, the presence and availability of global brands and their challenges faced due to large or scarce competition from local and domestic brands, impact of domestic tariffs and trade routes are considered while providing forecast analysis of the country data.   

Competitive Landscape and Disposable Hospital Supplies Market Share Analysis

The blood processing devices and consumables market competitive landscape provides details by competitor. Details included are company overview, company financials, revenue generated, market potential, investment in research and development, new market initiatives, global presence, production sites and facilities, production capacities, company strengths and weaknesses, product launch, product width and breadth, application dominance. The above data points provided are only related to the companies' focus related to blood processing devices and consumables market market.

Key players operating in the blood processing devices and consumables market include:

• Abbott(US)
• Biomerieux (France)
• BD(US)
• Bio-Rad Laboratories,Inc(US)
• Danaher(US)
• Grifols,S A(India)
• Thermogenesis Holdings, Inc(US)
• Terumo Corporation(Japan)
• F. Hoffmann-La Roche Ltd(Switzerland)
• Haemonetics Corporation(US)
• Beckman Coulter, Inc.(US)
• Maco Pharma(Germany)
• Immucor, Inc.(US)
• Fresenius SE & Co KGaA(US)
• Teleflex Incorporated(US)
• Grifols, S.A.(US)
• Global Scientific Company(India)
• Martin Christ Gefriertrocknungsanlagen GmbH(Germany)
• Poly Medicure(India)
• Troge Medical GmbH(Germany)
• Thermo Fisher Scientific, Inc(US)