Lewes, DE -- (SBWire) -- 08/22/2016 --Report forecast the global blood processing devices and consumables market to grow at a CAGR of 8.52% during the period 2016-2020.
Globally, blood processing devices and consumables are getting attention from various healthcare institutions and other medical facilities where blood storage and transfusion have been part of improved patient treatment. Cord blood processing is gaining critical importance for stem cell research as well as blood disease therapy and the limited availability of cord blood is an urgent market need. Electrically aided centrifugal technique and novel filter using gentle gravity-dependent flow techniques are gaining prominence for cord blood processing.
The report covers the present scenario and the growth prospects of the global blood processing devices and consumables market for 2016-2020. To calculate the market size, we consider the revenue generated from the sales of blood processing devices and consumables.
The market is divided into the following segments based on geography:
- Americas
- APAC
- EMEA
According to the report, one of the key drivers for market growth will be rising automation of devices in blood processing. Traditionally utilized manual methods pose a lot of challenges in blood processing. Difficulty in maintaining data regarding product and process control, recording and tracking, regulatory requirements, and staffing issues are some of the challenges. The automated devices include whole blood collection devices and automated cell processors. The demand for automated devices has been increasing as their use saves time and offers enhanced operational efficiency.
Further, the report states that lack of systematic data tracking methods will be a major challenge for the market. The chances of incomplete data collection are high in case of manual collection systems. As the data entry is carried out by more than one person, it leads to confusion and incomplete data. This can be avoided if only one person is handling the data collection process. The manual entry of details of the blood collected from a donor and the labeling of sample packs can lead to confusion while using these packs. It will be difficult to communicate cross functionally in case if any issue arises because of the incomplete understanding of collected data.
Global Blood Processing Devices and Consumables Market 2016-2020, has been prepared based on an in-depth market analysis with inputs from industry experts. The report covers the market landscape and its growth prospects over the coming years. The report also includes a discussion of the key vendors operating in this market.
key players in the global blood processing devices and consumables market: Abbott Laboratories, BD, bioMérieux, Bio-Rad Laboratories, and Thermo Fisher Scientific.
Other Prominent Vendors in the market are: Beckman Coulter, Fenwal, Fresenius Kabi, Grifols International, Haemonetics, Immucor, Macopharma, Roche Holdings, Stago, and Terumo.
Market driver
- Growing concerns and improving focus on safety of donated blood
- For a full, detailed list, view our report
Market challenge
- Increase in spread of infections via blood donation route
- For a full, detailed list, view our report
Market trend
- Increasing blood transfusion surgical procedures
- For a full, detailed list, view our report
Key questions answered in this report
- What will the market size be in 2020 and what will the growth rate be?
- What are the key market trends?
- What is driving this market?
- What are the challenges to market growth?
- Who are the key vendors in this market space?
- What are the market opportunities and threats faced by the key vendors?
- What are the strengths and weaknesses of the key vendors?
Spanning over 55 pages and 21 Exhibit "Global Blood Processing Devices and Consumables Market 2016 - 2020" report covers Executive summary, Scope of the report, Market research methodology, Introduction, Market landscape, Market segmentation by product, Market segmentation by end-user, Geographical segmentation, Market drivers, Impact of drivers, Market challenges, Impact of drivers and challenges, Market trends, Vendor landscape, Key vendor analysis, Appendix.
For more information Visit at: http://www.marketresearchreports.com/technavio/global-blood-processing-devices-and-consumables-market-2016-2020
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