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The autotransfusion devices market has the potential to grow by USD 76.23 million during 2020-2024, and the market’s growth momentum will accelerate throughout the forecast period because of the steady increase in year-over-year growth.
This autotransfusion devices market research report analyzes the market’s competitive landscape and offers information on several market vendors, including Becton, Dickinson and Co., Brightwake Ltd., Fresenius Medical Care AG & Co. KGaA, Getinge AB, Haemonetics Corp., LivaNova Plc, Medtronic Plc, Redax Spa, Teleflex Inc., and Zimmer Biomet Holdings Inc. Also, the report provides a detailed analysis of the market by product (systems and accessories) and geography (Asia, Europe, North America, and ROW).
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The autotransfusion devices market is currently concentrated. However, the degree of concentration will increase during the forecast period, which is primarily owing to the adoption of growth strategies such as mergers and acquisitions, partnerships, and collaborations. Through these strategies, vendors are focusing on minimizing product recalls and production costs of advanced equipment. Medtronic Plc, Redax Spa, Teleflex Inc., and Zimmer Biomet Holdings Inc. are a few of the major market participants.
Factors such as the rising number of cardiac and orthopedic surgeries will offer immense business opportunities to market vendors. However, challenges such as the high costs associated with autotransfusion will hinder market growth. To boost the autotransfusion devices market demand, vendors should focus more on the growth prospects in the fast-growing segments, while maintaining their positions in the slow-growing segments.
This autotransfusion devices market forecast report provides a detailed analysis of the market leaders and offers information on the competencies and capacities of these companies which will help clients improve their market position. The report also covers details on the market’s competitive landscape and provides information on the products offered by various companies. Moreover, this report includes information on the upcoming autotransfusion devices market trends and challenges that will influence market growth. This will help companies create strategies to make the most of future growth opportunities.
This autotransfusion devices market analysis report provides information on the production, sustainability, and prospects of several leading companies, including:
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North America was the largest market for autotransfusion devices in 2019, and the region will offer maximum growth opportunities to market vendors during the forecast period. The prevalence of cardiac and orthopedic surgeries, a growing number of transplant procedures, and the adoption of technologically advanced medical device products are some of the significant factors contributing to the autotransfusion devices market growth in North America. The increasing awareness among healthcare professionals about the benefits of using the devices and rising healthcare expenditure will also increase sales of autotransfusion devices in the region.
Almost 39% of the market’s growth will originate from North America during the forecast period. The increasing presence of vendors and technological advances in blood transfusion procedures will also fuel market growth in the region. The US is one of the key markets for autotransfusion devices in North America. However, market growth in this region will be slower than the growth of the market in Asia and Europe.
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Autotransfusion systems are primarily used for the autotransfusion process during intraoperative and postoperative procedures. These systems help in collecting and processing the patient’s blood during surgery to avoid complications associated with transfusion with the donor’s blood or blood obtained from the blood bank. As a result, the deployment of these devices is increasing among hospitals, clinics, ASCs, and other specialty centers. Vendors are focusing on developing advanced autotransfusion systems that have anticoagulation and aspiration techniques to collect shed blood, which is returned to patients.
Market growth by the systems segment will be faster than the growth of the market by the accessories segment. This report provides an accurate prediction of the contribution of all the autotransfusion devices market segmentation.
Patients suffering from anemia, sickle cell disease, and hemophilia require blood transfusion during intraoperative and postoperative procedures. The prevalence of various chronic diseases, such as heart diseases, lung cancer, colorectal cancer, arthritis, and osteoporosis, is increasing the demand for autotransfusion devices. The number of visits to emergency departments in hospitals and clinics has increased because of the high number of individuals diagnosed with heart diseases, contributing to increased cardiac surgeries. These surgical procedures require autologous transfusions to avoid the risk of infections. These factors have created a significant demand for autotransfusion devices, contributing to the market growth.
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PART 01: EXECUTIVE SUMMARY
PART 02: SCOPE OF THE REPORT
PART 03: MARKET LANDSCAPE
PART 04: MARKET SIZING
PART 05: FIVE FORCES ANALYSIS
PART 06: MARKET SEGMENTATION BY PRODUCT
PART 07: CUSTOMER LANDSCAPE
PART 08: GEOGRAPHIC LANDSCAPE
PART 09: DECISION FRAMEWORK
PART 10: DRIVERS AND CHALLENGES
PART 11: MARKET TRENDS
PART 12: VENDOR LANDSCAPE
PART 13: VENDOR ANALYSIS
PART 14: APPENDIX
PART 15: EXPLORE TECHNAVIO
Technavio presents a detailed picture of the market by way of study, synthesis, and summation of data from multiple sources. The analysts have presented the various facets of the market with a particular focus on identifying the key industry influencers. The data thus presented is comprehensive, reliable, and the result of extensive research, both primary and secondary.
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