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Blood Preparation Market Overview
Blood Preparation Market size is estimated to reach $3,670 million by 2026, growing at a CAGR of 5.6% during 2021-2026. Blood is a combination of different types of components such as Red Blood Cells (RBC), White Blood Cells (WBC), plasma, and platelets that circulate continuously inside the body to provide nutrition, and oxygen to body. Platelet aggregation inhibitor reduces the clot formation and inhibit thrombus formation.
Fibrinolytics is a body process that occur naturally from growing and causing problems and helps to prevent from blood clot. Blood thinners, also known as anticoagulants, are medications that are used to treat and avoid blood clots in blood vessels. The major factors driving the growth of this market are the rising demand for blood transfusions and the development of technology. Furthermore, increasing research and development activities in medical industry and increasing initiatives by the government to increase blood preparation is set to further enhance the overall market demand for Blood Preparation Market for the period 2021-2026.
Blood Preparation Market Report Coverage
The report: “Blood Preparation Market Forecast (2021-2026)”, by IndustryARC, covers an in-depth analysis of the following segments of the Blood Preparation Market.
By Product: Whole Blood, Blood Derivatives, and Components.
By Application: Thrombocytosis, Pulmonary Embolism, Renal Impairment, Angina Blood Vessel Complications, and Others
By Geography: North America (U.S., Canada, Mexico), Europe (U.K, Germany, Italy, France, Spain, Russia, Rest of Europe), Asia Pacific (China, Australia, Japan, South Korea, India, Rest of Asia Pacific), South America (Brazil, Argentina, Others) and Rest of the World (Middle East, Africa)
Key Takeaways
- Geographically, in 2020, North America dominated the Blood Preparation Market. This is owing to the high prevalence of cardiovascular disease, leukaemia, and haematological and neurological disorders, as well as rising healthcare costs and the presence of advanced healthcare infrastructure.
- Increasing demand of blood transfusion and growing technological advancement are likely to aid in the market growth of the Blood Preparation.
- Detailed analysis of the Strength, Weakness, and Opportunities of the prominent players operating in the market will be provided in the Blood Preparation Market report.
- Rising transmission of disease in blood preparation is set to create hurdles for the Blood Preparation Market.
Blood Preparation Market Size, By Application 2020-2026 (USD Million)
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Blood Preparation Segment Analysis – By Product
The global Blood Preparation Market based on Product can be further segmented into Whole Blood, Blood Derivatives, and Components. In 2020, the Whole Blood market was the most revenue-generating segment. The increased demand for whole blood for major operations and transfusions is primarily to claim. Furthermore, the market's growth is fueled by the easy availability, low cost, and easy maintenance of whole blood products.
The Blood Derivatives segment is estimated to register the fastest CAGR of 1.5% for the period 2021-2026. In cases of life-threatening infections including Ebola, blood derivatives like intravenous immunoglobulin and hyperimmune are used to boost immunity. Furthermore, the existence of government initiatives to improve plasma-derived proteins such as immunoglobulins and coagulation aids the market's development.
Blood Preparation Segment Analysis – By Application
The global Blood Preparation Market based on Application can be further segmented into Thrombocytosis, Pulmonary Embolism, Renal Impairment, Angina Blood Vessel Complications, and Others. The Thrombocytosis segment registered for the highest Blood Preparation market share in 2020. This is owing to increasing platelet count causeing blood coagulation in the circulatory system that causes life-threatening heart conditions leading to thrombocytosis that increases the demand of anticoagulants and are increasing the market growth.
The Angina Blood Vessel Complications segment is estimated to register the fastest CAGR of 1.3% over 2021-2026. This is primarily due to increased R&D for the production of anticoagulants for cardiac problems, as well as the rising prevalence of Cardiovascular Disorders (CVDs), which are fueling the market's growth.
Blood Preparation Segment Analysis – By Geography
North America dominated the Blood Preparation Market with major share of 40% in 2020. This is owing to high incidence of CVDs, leukemia, and hematological and neurological diseases, increasing healthcare expenditure and presence of sophisticated healthcare infrastructure. According to National Institute of Health, in 2018 about 100,000 to 300,000 people in the U.S. die owing to venous thrombosis that increases the need of platelet aggregation inhibitor and are rising the market growth. However, Asia Pacific is estimated to outpace all the regions by clocking the highest CAGR of 2.8% during the forecast period 2021-2026 owing to number of blood related disorder and increasing development in healthcare.
Blood Preparation Market Drivers
Increasing Demand for Blood Transfusion
The Blood Preparation Market is expected to rise due to rising demand for blood transfusions, high-demand blood during surgical procedures, and an increase in the number of blood disorders. According to the World Health Organization (WHO), approximately 118.4 million blood donations will be received worldwide in 2020, propelling the Blood Preparation Market to new heights between 2021 and 2026.
Growing Technological Advancement
The market is expected to expand due to the increasing production of anticoagulant drugs such as Xa inhibitors, tissue factor inhibitors, direct thrombin inhibitors, factor IX inhibitors, and novel vitamin K a. Furthermore, the emergence of fibrinolytics and new oral anticoagulants, as well as the re-launch of drugs such as Urokinase, as well as the rising demand for source plasma, are all contributing to the market's rise.
Covid-19 Impact:
COVID-19 pandemic had greatly affected the Blood Preparation Market. During pandemic, plasma therapy requires blood plasma donations from people who have recovered from Covid-19.This plasma is provided to Covid-19 patients who have not been able to produce enough antibodies against the virus, necessitating the need for blood preparation, i.e. plasma, which has a positive effect on the market's development.
Blood Preparation Market Challenges
Rising Transmission of Disease in Blood Preparation
The factors that is set to impede the growth of the Blood Preparation Market are the rising transmission of disease in blood preparation. Moreover, allergic reaction caused due to blood preparation tests is set to create hurdles for the Blood Preparation Market.
Blood Preparation Industry Landscape
Product launches, mergers and acquisitions, joint ventures, and geographical expansions are key strategies adopted by players in the Blood Preparation Market. Blood Preparation top 10 companies include, AstraZeneca PLC; Sanofi S.A.; LEO Pharma A/S; Bristol-Myers Squibb Company; Baxter International, Inc.; Pfizer, Inc.; Portola Pharmaceuticals, Inc.; and GlaxoSmithKline PLC.
Relevant Reports:
Report Code: HCR 0073
Report Code: HCR 0161
For more Lifesciences and Healthcare Market reports, please click here
1. Blood Preparation Market Overview
1.1 Definitions and Scope
2. Blood Preparation Market Executive Summary
2.1 Market Size and Key Trends
2.2 Key trends by Product
2.3 Key trends by Application
2.4 Key trends by Geography
3. Blood Preparation Market Landscape
3.1 Market Share Analysis- Key Companies
3.2 Product Benchmarking- Key Companies
3.3 Financial Analysis - Key Companies
3.4 Patent Analysis
3.5 Pricing Analysis
4. Blood Preparation Market- Startup companies Scenario Premium Premium
4.1 Key startup company Analysis by
4.1.1 Investment
4.1.2 Revenue
4.1.3 Application Analysis
4.1.4 Venture Capital and Funding Scenario
5. Blood Preparation Market- Industry Market Entry Scenario Premium Premium
5.1 Regulatory Framework Overview
5.2 New Business and Ease of Doing business index
5.3 Case Studies of successful ventures
6. Blood Preparation Market Forces
6.1 Market Drivers
6.2 Market Constraints/Challenges
6.3 Porters Five Force Model
6.3.1 Bargaining Power of Suppliers
6.3.2 Bargaining Powers of Customers
6.3.3 Threat of New Entrants
6.3.4 Rivalry Among Existing Players
6.3.5 Threat of Substitutes
7. Blood Preparation Market Strategic Analysis
7.1 Value Chain Analysis
7.2 Opportunities Analysis
7.3 Market Life Cycle
8. Blood Preparation Market– By Product (Market Size -$Million/$Billion)
8.1 Whole Blood
8.2 Blood Derivatives
8.3 Components
9. Blood Preparation Market– By Application (Market Size -$Million/$Billion)
9.1 Thrombocytosis
9.2 Pulmonary Embolism
9.3 Renal Impairment
9.4 Angina Blood Vessel Complications
9.5 Others
10. Blood Preparation Market- By Geography (Market Size -$Million/$Billion)
10.1 North America
10.1.1 U.S.
10.1.2 Canada
10.1.3 Mexico
10.2 Europe
10.2.1 U.K.
10.2.2 Germany
10.2.3 Italy
10.2.4 France
10.2.5 Spain
10.2.6 Russia
10.2.7 Rest of Europe
10.3 Asia-Pacific
10.3.1 China
10.3.2 Australia
10.3.3 Japan
10.3.4 South Korea
10.3.5 India
10.3.6 Rest of Asia-Pacific
10.4 South America
10.4.1 Brazil
10.4.2 Argentina
10.4.3 Others
10.5 Rest of the World
10.5.1 Middle East
10.5.2 Africa
11. Blood Preparation Market Entropy
12. Blood Preparation Market- Industry / Segment Competition landscape Premium Premium
12.1 Market Share Analysis
12.1.1 Market Share by Country- Key companies
12.1.2 Market Share by Region- Key companies
12.1.3 Market Share at Global Level- Key companies
12.1.4 Best Practices for Companies
13. Blood Preparation Market- Key Company List by Country Premium Premium
14. Blood Preparation Market Company Analysis
14.1 Company Revenue, Products, M&A, Developments
14.2 Company 1
14.3 Company 2
14.4 Company 3
14.5 Company 4
14.6 Company 5
14.7 Company 6
14.8 Company 7
14.9 Company 8
14.10 Company 9
14.11 Company 10
"*Financials for private companies would be provided on a best efforts basis”.
LIST OF TABLES
LIST OF FIGURES
1.US Blood Preparation Market Revenue, 2023-2030 ($M)2.Canada Blood Preparation Market Revenue, 2023-2030 ($M)
3.Mexico Blood Preparation Market Revenue, 2023-2030 ($M)
4.Brazil Blood Preparation Market Revenue, 2023-2030 ($M)
5.Argentina Blood Preparation Market Revenue, 2023-2030 ($M)
6.Peru Blood Preparation Market Revenue, 2023-2030 ($M)
7.Colombia Blood Preparation Market Revenue, 2023-2030 ($M)
8.Chile Blood Preparation Market Revenue, 2023-2030 ($M)
9.Rest of South America Blood Preparation Market Revenue, 2023-2030 ($M)
10.UK Blood Preparation Market Revenue, 2023-2030 ($M)
11.Germany Blood Preparation Market Revenue, 2023-2030 ($M)
12.France Blood Preparation Market Revenue, 2023-2030 ($M)
13.Italy Blood Preparation Market Revenue, 2023-2030 ($M)
14.Spain Blood Preparation Market Revenue, 2023-2030 ($M)
15.Rest of Europe Blood Preparation Market Revenue, 2023-2030 ($M)
16.China Blood Preparation Market Revenue, 2023-2030 ($M)
17.India Blood Preparation Market Revenue, 2023-2030 ($M)
18.Japan Blood Preparation Market Revenue, 2023-2030 ($M)
19.South Korea Blood Preparation Market Revenue, 2023-2030 ($M)
20.South Africa Blood Preparation Market Revenue, 2023-2030 ($M)
21.North America Blood Preparation By Application
22.South America Blood Preparation By Application
23.Europe Blood Preparation By Application
24.APAC Blood Preparation By Application
25.MENA Blood Preparation By Application