Blood Preparation Market size was valued at USD 45 billion in 2015 and is projected to grow at around 4% CAGR between 2016 and 2023. Whole blood preparation market share accounted for over 45% of the global revenue in 2015.
Growing demand for blood transfusion and other components owing to the rising number of patients in emergency departments is forecast to drive growth. Increase in occurrence of disorders such as thrombocytosis globally along with a requirement of blood during surgical procedures, accidents and treatment of diseases are also major industry drivers.
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As per a report by the Centers for Disease Control and Prevention (CDC), 60,000 to 100,000 Americans die on account of DVT/PE per year in the U.S. and approximately two people out of 1,000 are affected by the disease. Initiatives taken by organizations like the CDC and National Institutes of Health (NIH) for spreading awareness against prevention of thrombosis-associated complications in early stages will further increase the demand in the near future.
The global blood preparation market is divided into various segments based on product, anti-coagulant and anti-thrombotics types and their applications. North America was the largest regional segment and was estimated at over USD 24 billion in 2015. Asia Pacific blood preparation market share is estimated to exhibit the fastest growth rate till 2023, driven by positive government initiatives, growing healthcare infrastructure in Australia and Japan, and untapped growth potential in densely populated countries such as India and China.
Key application segments include thrombocytosis, pulmonary embolism, and renal impairment. Due to the rapid increasing spread of thrombosis related disorders, rise in geriatric population and increasing need for quick and effective drugs, anti-coagulants dominated the anti-coagulant and anti-thrombotics sector. Further, the awareness being created by the increasing government initiatives to prevent thrombosis and other related disorders will favorably impact revenue.
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Major players inthe blood preparation market include pharma companies such as Pfizer Inc., GlaxoSmithKline PLC, Leo Pharma Inc., Sanofi Aventis, Celgene Corp, Baxter Healthcare Corp., Bristol-Myers Squibb Co., Shandong East Chemical Industry Co. and AstraZeneca Co. Being a technology driven industry, companies invest heavily in R&D to develop new, cost effective and efficient drugs for the treatment of various disorders.
This latest Blood Preparation Market research report offers in-depth analysis, key industry insights, market sizing & forecast on a granular level for key products, applications across a number of regional markets. The report also analyzes the Blood Preparation Industry from business strategy perspective, describing in detail growth drivers, pitfalls &challenges for participants, accompanied by a detailed competitive benchmarking including company market share analysis and detailed business profiles.
Browse key industry insights spread across market data tables, figures & charts from the report, “Blood Preparation Market Size, Industry Analysis Report, Regional Outlook, Application Potential, Price Trends, Competitive Market Share & Forecast, 2016 – 2023” in detail along with the table of contents:
Key Insights in this Report
- Blood Preparation Market size & forecast by product & application
- Growth drivers, pitfalls & industry challenges
- Key Blood Preparation Market growth opportunities & emerging business models
- Competitive benchmarking with market share analysis and company profiles
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