Global Blood Processing Devices and Consumables Market 2016-2020

Outlook of the global blood processing devices and consumables market

This market study anticipates the global blood processing devices and consumables market to grow at an impressive CAGR of over 8% by 2020. Increasing instances of blood transfusion surgical procedures across the globe will aid in the strong growth of this market during the estimated period. Due to changes in lifestyle, lack of immunity, and other health-related issues, direct and indirect healthcare admission for treatment of medical conditions has increased. This increase in healthcare admissions will spur the need for blood transfusion devices as it provides safe and adequate blood supply to the public and helps maintain safety standards. Furthermore, with the increase in R&D initiatives in regenerative medicine and cell therapies, the global market for blood processing devices and consumables will witness stark growth until the end of the forecast period.

In terms of geography, the global market for blood processing devices and consumables will be dominated by the Americas, which accounted for around 45% of the overall market share during 2015. The extensive use of advanced automation technologies coupled with the large-scale installation of these devices across hospitals, clinics, and blood banks in this region will result in the America’s high market dominion during the next four years. In addition, the US’s high demand for pediatric blood transfusion will also lead to the growth of this market in the region.

Competitive landscape and key vendors

This market is characterized by the presence of major healthcare companies like Abbott Laboratories, BD, and Bio-Rad, which have both direct and indirect presence in many countries. Apart from these companies, other prominent companies like Stago, Thermo Fisher Scientific, MacoPharma also have presence in different geographies.

Key vendors in this market are -

• Abbott Laboratories
• BD
• BioMérieux
• Bio-Rad Laboratories
• Thermo Fisher Scientific

Other prominent vendors in this market are Beckman Coulter, Fenwal, Fresenius Kabi, Grifols, Haemonetics, Immucor, Macopharma, Roche Holdings, Stago, and Terumo.

Segmentation by product and analysis of the blood processing devices and consumables market

• Consumables
• Devices

In 2015, the consumables segment accounted for a high share of the market owing to the low cost and high usage frequency of consumables. Since most consumables cannot be reused, its demand among the end users will increase continuously over the next few years. According to Technavio’s market research analysts, the consumables segment accounted for approximately 55% of the total market share during 2015.

End-user segmentation and analysis of the blood processing devices and consumables market

• Hospitals and ASCs
• Clinics
• Blood banks
• Research laboratories

Blood banks dominated this market during 2015 by accounting for a market share of around 39%. Much of this segment’s growth can be attributed to the focus on blood collection, segregation of blood components, and storage of the collected blood as per the WHO guidelines. Since the installation of devices and the usage of consumables is mandatory in blood banks, this market segment will witness a high demand for blood processing devices and consumables over the next few years.

Key questions answered in the report include

• What will the market size and the growth rate be in 2020?
• What are the key factors driving the global blood processing devices and consumables market?
• What are the key market trends impacting the growth of the global blood processing devices and consumables market?
• What are the challenges to market growth?
• Who are the key vendors in the global blood processing devices and consumables market?
• What are the market opportunities and threats faced by the vendors in the global blood processing devices and consumables market?
• Trending factors influencing the market shares of the Americas, APAC, and EMEA.
• What are the key outcomes of the five forces analysis of the global blood processing devices and consumables market?

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