Global Transfusion Devices Market – Industry Trends and Forecast to 2029

Global Transfusion Devices Market, By Type (Autologous Transfusion, Allogenic Transfusion), Techniques (Predeposit Transfusion, Intraoperative Haemodilution, Intraoperative and Postoperative Salvage), Application (Cardiac, Vascular, Orthopedic, Trauma surgery, Liver Transplantation), End- user (Hospitals, Ambulatory Surgical Centers, Emergency Rooms, Nursing Homes, Other), Product Type (On Pump Transfusion Devices, Off-Pump Transfusion Devices) – Industry Trends and Forecast to 2029.

Transfusion Devices Market Analysis and Size

Blood transfusion sets, also known as transfusion sets, are employed in medical procedures for the safe transfusion of blood or blood components as well as to stop the entry of clots into patients. The blood transfusion sets from AdvaCare are made using premium tubing made from PVC that has undergone medical treatment and a highly precise flow controller.

Data Bridge Market Research analyses that the transfusion devices market which was USD 255.6 million in 2021, would rocket up to USD 338.66 million by 2029, and is expected to undergo a CAGR of 3.58% during the forecast period 2022 to 2029. In addition to the market insights such as market value, growth rate, market segments, geographical coverage, market players, and market scenario, the market report curated by the Data Bridge Market Research team also includes in-depth expert analysis, patient epidemiology, pipeline analysis, pricing analysis, and regulatory framework.

Transfusion Devices Market Scope and Segmentation      

Market Definition

Sets for blood transfusions are used to provide blood or treat blood disorders. Additionally, blood products are mixed in blood transfusion sets. Using a blood transfusion set helps prevent potentially dangerous diseases from being transferred to the recipient.

Transfusion Devices Market Dynamics

Drivers

• Technological advancement in transfusion devices

It is anticipated that rising cardiac illness cases will accelerate market expansion. In the forecast period of 2022 to 2029, the transfusion devices market is anticipated to grow at a faster rate due to a number of other factors, including technological advancement in transfusion devices, an increase in surgical procedures, an increase in accidents and trauma cases, an ageing population, and a rise in the use of autotransfusion.

• Rise in surgical procedures

The increase in the number of surgical procedures performed worldwide is driving the market for blood transfusion equipment. Additionally, technological advancements are anticipated to have a beneficial effect on the market's expansion over the course of the forecast year. Additionally, an increase in blood-related illnesses is anticipated to support market expansion over the next years.

Opportunities

• Rise in accident cases

The market's growth is fuelled by an increase in surgical procedures and increase in accidents and trauma cases. This will provide beneficial opportunities for the market growth.

Restraints/Challenges

On the other hand, the strict regulatory framework and high cost of the transfusion devices will obstruct the market's growth rate.

This transfusion devices market report provides details of new recent developments, trade regulations, import-export analysis, production analysis, value chain optimization, market share, impact of domestic and localized market players, analyses opportunities in terms of emerging revenue pockets, changes in market regulations, strategic market growth analysis, market size, category market growths, application niches and dominance, product approvals, product launches, geographic expansions, technological innovations in the market. To gain more info on the transfusion devices market contact Data Bridge Market Research for an Analyst Brief, our team will help you take an informed market decision to achieve market growth.

Global Transfusion Devices Market Scope

The transfusion devices market is segmented on the basis of type, techniques, application, end-users and product type. The growth amongst these segments will help you analyze meagre growth segments in the industries and provide the users with a valuable market overview and market insights to help them make strategic decisions for identifying core market applications.

Type

• Autologous Transfusion
• Allogenic Transfusion

 Techniques

• Predeposit Transfusion
• Intraoperative Haemodilution
• Intraoperative
• Postoperative Salvage

Application

• Cardiac
• Vascular
• Orthopedic
• Trauma surgery
• Liver Transplantation

End- user

• Hospitals
• Ambulatory Surgical Centers
• Emergency Rooms
• Nursing Homes
• Other

Product Type

• On Pump Transfusion Devices
• Off-Pump Transfusion Devices

Transfusion Devices Market Regional Analysis/Insights

The transfusion devices market is analysed and market size insights and trends are provided by country, type, techniques, application, end-users and product type as referenced above.

The countries covered in the transfusion devices market report are U.S., Canada and Mexico in North America, Germany, France, U.K., Netherlands, Switzerland, Belgium, Russia, Italy, Spain, Turkey, Rest of Europe in Europe, China, Japan, India, South Korea, Singapore, Malaysia, Australia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific (APAC) in the Asia-Pacific (APAC), Saudi Arabia, U.A.E, South Africa, Egypt, Israel, Rest of Middle East and Africa (MEA) as a part of Middle East and Africa (MEA), Brazil, Argentina and Rest of South America as part of South America.

North America dominates the transfusion devices market due to the growing number of geriatric population along with adoption of innovative medical technology.

Asia-Pacific is expected to grow at the highest growth rate in the forecast period of 2022 to 2029 due to the rising health awareness among the people and growing demand of advanced medical technology.

The country section of the report also provides individual market impacting factors and changes in regulation in the market domestically that impacts the current and future trends of the market. Data points like down-stream and upstream value chain analysis, technical trends and porter's five forces analysis, case studies are some of the pointers used to forecast the market scenario for individual countries. Also, the presence and availability of global brands and their challenges faced due to large or scarce competition from local and domestic brands, impact of domestic tariffs and trade routes are considered while providing forecast analysis of the country data.

Healthcare Infrastructure growth Installed base and New Technology Penetration

The transfusion devices market also provides you with detailed market analysis for every country growth in healthcare expenditure for capital equipment, installed base of different kind of products for Global transfusion devices market, impact of technology using life line curves and changes in healthcare regulatory scenarios and their impact on the transfusion devices market. The data is available for historic period 2010-2020.

Competitive Landscape and Transfusion Devices Market Share Analysis

The transfusion devices market competitive landscape provides details by competitor. Details included are company overview, company financials, revenue generated, market potential, investment in research and development, new market initiatives, global presence, production sites and facilities, production capacities, company strengths and weaknesses, product launch, product width and breadth, application dominance. The above data points provided are only related to the companies' focus related to transfusion devices market.

Some of the major players operating in the transfusion devices market are:

• Immucor, Inc. (U.S.)
• BD (U.S.)
• B. Braun Melsungen AG (Germany)
• Terumo Corporation (Japan)
• Grifols, S.A. (Spain)
• Fresenius SE & Co. KGaA (Germany)
• Haemonetics Corporation (U.S.)
• Teleflex Incorporated (U.S.)
• Redax (U.S.)
• Medtronic (Ireland)
• LivaNova PLC (U.K.)
• Brightwake Ltd. (U.K.)
• Advancis Surgical (U.K.)
• Atrium Medical Technologies (U.S.)