Blood Preparation Market to cross USD 64 billion at 4.4% CAGR by 2024

“GlaxoSmithKline plc, Baxter International Incorporation, Pfizer Incorporation, Celgene Corporation, Bristol-Myers Squibb, and Leo Pharma A/S are the major industry players in Blood Preparation Market.”
U.S. Blood Preparation Market will lead the industry due to increasing thrombocytosis disorder incidence, high patient awareness levels and presence of a robust healthcare infrastructure.

Blood Preparation Market is projected to reach USD 64.38 billion by 2024; according to a new research report by Global Market Insights, Inc. Blood preparation market revenue is expected to witness a lucrative surge over the coming years, primarily subject to the rise in the aging population susceptible to chronic ailments such as glomerulonephritis and diabetes. 

With the introduction of novel oral anticoagulants and the growing efforts by the government to generate awareness about blood disorders, blood preparation industry is likely to witness lucrative growth prospects over the years ahead. 

The process of blood preparation is essentially deployed for blood vessel complications, thrombocytosis, renal impairment, and pulmonary embolisms. In fact, estimates claim thrombocytosis and pulmonary embolism to have cumulatively accounted for more than 43% of blood preparation industry share in 2015. 

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U.S. blood preparation market size, worth USD 19.1 billion in 2015, is projected to hit USD 25 billion by 2024. Escalating occurrence of thrombocytosis disease along with rising awareness among the patients with regards to blood disorders will push the regional growth. The existence of a highly sophisticated healthcare infrastructure is likely to further impel the regional revenue. Speaking along similar lines, improved healthcare amenities will boost the expansion of blood preparation industry in Europe, with France and Germany slated to make notable contributions toward the regional share. Bearing testimony to the aforementioned fact are the following statistics – Germany blood preparation market has been forecast to surpass a revenue of USD 4.2 billion by 2024, growing at a CAGR of 1.8% over 2016-2024. France industry, on the other hand, is expected to grow at a higher rate of 2.3% over the coming seven years. 

Increase in the proportion of blood-related diseases along with the rise in the unmet needs of the patient population will favorably influence the growth of APAC blood preparation market. India, Japan, and China are predicted to be the major regional revenue contributors. Japan blood preparation industry size, worth USD 4.3 billion in 2015, is slated to register gains of 5.9% over the coming timeline. 

Browse key industry insights spread across 175 pages with 173 market data tables & 15 figures & charts from the report, “Blood Preparation Market” in detail along with the table of contents:

Based on anticoagulants and antithrombotic trends, blood preparation market is segmented into anticoagulants, platelet aggregation inhibitors, and fibrinolytics. Anticoagulants, which contributed nearly USD 17 billion toward blood preparation industry revenue in 2015, are expected to grow substantially over 2016-2024, thereby impelling the development of the overall business space. High frequency of thrombosis related disorders, mostly among the elderly patient base, along with escalating preference for effective medication is expected to influence the industry expansion.

Blood derivatives, whole blood, and blood components are the key blood preparation components. Whole blood preparation industry, which contributed more than 45% towards overall revenue in 2015, is set to hit a valuation of approximately USD 29.5 billion by 2024.

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