Blood Transfusion Filters Market Study Offering Insights on Latest Advancements, Trends & Analysis from 2022 to 2026
April 01, 2022
Apr 01, 2022/IndustryNewsGlobal/ The unexpected shifts in the global markets because of the sudden outbreak of the COVID-19 virus have brought many major and minor tremors to industries of all sizes including the Blood Transfusion Filters Market.
It was estimated prior to this unanticipated outbreak that the Blood Transfusion Filters Market is likely to witness a Healthy CAGR during the forecast period. Blood transfusion filters are used during the transfusion to filter blood components to remove clots and small clumps of white blood cells & platelets that form at the time of collection and storage. The standard blood infusion set contains a 170–260-micron filter. It is designed to protect from harmful micro aggregate and non-blood component particulate matter.
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Market Dynamics
The global market growth is primarily driven by increasing incidences of blood infections during transfusion.
- The rising number of surgical procedures due to road accidents and injuries is likely to add to the market growth substantially.
- Additionally, increasing adoption of blood transfusion filters in developing economies with rising consumer awareness is likely to create lucrative opportunities for the market players during the review period.
- However, side effects associated with the usage of the product including fever, virus & infection disease, and allergic reactions among others are likely to affect the market growth.
COVID-19 Impact on Global Blood Transfusion Filters Market
The covid-19 outbreak posed significant challenges to the health care system across geographies. It affected the growth of the blood transfusion filters market negatively as patients postponed their appointments due to a rapid surge in covid-19 cases across geographies. Also, supply chain disruptions due to the imposition of lockdown affected the market growth further. People moved out of their houses only for essential services due to fear of coronavirus infection and thus, affected the market growth for a short period.
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Segment Analysis
Based on application, the market has been divided into blood banks and hospitals.
The hospitals' segment accounted for the largest market share of more than 30% in 2020. The segment growth can be attributed to rising incidences of trauma and accident cases in the hospitals. The blood bank segment is projected to register the highest growth during the review period.
Regional Trends
The market in North America accounted for largest share in 2020 and is projected to register significant growth during the review period.
- The regional market growth can be attributed to increasing surgical procedures coupled with expanding geriatric populace.
- The market in Asia-Pacific region is projected to register fastest growth rate on account of advancement in healthcare infrastructure in the developing countries.
Key Players:
Key players operating in the global Blood Transfusion Filters market are-
- Asahi Kasei Medical America Inc. (Japan),
- Haemonetics Corporation (The US),
- Fresenius SE & Co. KGaA (Germany),
- Macopharma SA (France),
- Shandong Zhongbaokang Medical Implements Co., Ltd (China),
- Nanjing Shuangwei Biotechnology Co.,Ltd. (China),
- Chengdu Shuanglu Medical Devices Co., Ltd. (China),
- Braile Biomédica (Brazil), and
- Nanjing Cell-Gene Biomedical Co., Ltd (China).
Features of the Report
This report offers high-quality insights and is the outcome of detailed research methodology comprising extensive secondary research, rigorous primary interviews with industry stakeholders and validation and triangulation with Stratview Research’s internal database and statistical tools.
The Blood Transfusion Filters analysis report discusses the following heads in great detail:
- Market structure: Overview, industry life cycle analysis, supply chain analysis
- COVID-19 Impact Assessment
- Market environment analysis: Growth drivers and constraints, Porter’s five forces analysis, SWOT analysis
- Market trend and forecast analysis
- Market segment trend and forecast
- Competitive landscape and dynamics: Market share, product portfolio, product launches, etc.
- Attractive market segments and associated growth opportunities
- Emerging trends
- Strategic growth opportunities for the existing and new players
- Key success factors
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