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Transfusion Disposable Products Market To Grow At a Significant CAGR on the Back of Growing Cases of Blood Disorders By 2027

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Research Nester released a report titled Transfusion Disposable Products Market: Global Demand Analysis & Opportunity Outlook 2027” which delivers detailed overview of the global transfusion disposable products market in terms of market segmentation by product, by end user and by region.

Further, for the in-depth analysis, the report encompasses the industry growth drivers, restraints, supply and demand risk, market attractiveness, BPS analysis and Porter’s five force model.

The market for transfusion disposable products is anticipated to witness a significant CAGR during the forecast period, 2019-2027. The market is segmented by product, by end user and by region, out of which, the end user segment is further segmented into hospitals, ambulatory surgical centers, clinics, blood banks and others. Based on end user, the hospitals segment is anticipated to hold the largest share in the market on account of increasing cases of road accidents and injuries. The treatment of majority of road accident victims at hospitals is estimated to increase the growth of this segment in the upcoming years.

The market is North America is anticipated to hold the leading share in transfusion disposable products market as a result of rising demand for disposable transfusion products along with increasing research and development activities in the region. Further, the market in Asia-Pacific is estimated to witness exuberant growth on account of growing number of road accidents and injuries which lead to blood loss, thereby raising the demand for blood transfusion bags in the region.

Growing Demand for Disposable Products to Drive the Market Growth

Disposable products that eliminate the risk of contamination during the procedure of blood transfusion are increasingly being preferred by healthcare providers in order to ensure patient safety. This is a major factor driving the market growth. Further, growing number of blood disorders such as anemia and sickle cell disease are estimated to increase the demand for these products. As per the Centers for Disease Control and Prevention, the total number of deaths from anemia in the United States were reported to be 5,382 in 2017. However, the complications arising as a result of poor storage of donor blood in disposable transfusion bags is estimated to restrict the market growth.

This report also provides the existing competitive scenario of some of the key players of the global transfusion disposable products market which includes company profiling of Becton, Dickinson and Company (BDX), B. Braun Melsungen AG, Macopharma, Teleflex Incorporated (TFX), Medline Industries, Inc., AdvaCare Pharma, VOGT MEDICAL, Kiefel, Weigao and Grifols (GRF). The profiling enfolds key information of the companies which encompasses business overview, products and services, key financials and recent news and developments. On the whole, the report depicts detailed overview of the global transfusion disposable products market that will help industry consultants, equipment manufacturers, existing players searching for expansion opportunities, new players searching possibilities and other stakeholders to align their market centric strategies according to the ongoing and expected trends in the future.

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