Global Blood Processing Devices and Consumables Market Size , Share , Analysis , Forecast , Industry Strategy , Opportunity , Trends , Insights , Growth , Price , Research Survey , Segment , Outlook and Challenges Report To 2024
Global Blood Processing Devices and Consumables Market Size , Share , Analysis , Forecast , Industry Strategy , Opportunity , Trends , Insights , Growth , Price , Research Survey , Segment , Outlook and Challenges Report To 2024
The global blood processing devices and consumables market was valued at US $ 27.8 billion in 2015 , according to a new report . Increasing geriatric population and rising emphasis of leading companies ’ on long-term partnerships with end users is expected to boost demand for blood processing devices and consumables over the forecast period ( 2016 – 2024 ).
Global Blood Processing Devices and Consumables Market , By Product Type ( Devices , Consumables ), and By Geography - Trends , Size , and Forecast from 2016 to 2024
Blood processing devices are an integral part of blood banks and diagnostic laboratories in order to maintain blood components in their actual form for storing and blood transfusion process . Alteration in the blood components may make it unusable . As blood is an integral requisite in stem cell therapy and organ transplant , demand for blood processing devices and consumables is directly proportional to number of surgical procedures , which is increasing rapidly .
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Market Dynamics
Need for blood processing devices and consumables is projected to continue along an upward growth trajectory , owing to increasing number of blood banks and growing incidence of blood infection and blood disorders . Moreover , number of blood transfusion surgical procedures is increasing due to increasing incidence of immunodeficiency diseases . According to the 2016 World Health Organization ( WHO ) statistics , around 112.5 million units of donated blood are collected every year globally . WHO recommends implementation of a national blood policy to ensure maintaining quality ( free from infection ) of the blood collected . This in turn ensures consistent demand for blood processing devices and consumables globally .
Market Taxonomy
This report segments the blood processing devices and consumables market on the basis of devices and consumables . On the basis of device type , the global blood processing devices and