Synthetic blood replacements have become more popular as the need for blood transfusions in situations like anaemia, trauma, and blood loss during operations has increased. The primary drivers of the synthetic blood replacements and blood products market are the rise in diseases that require medical treatments or procedures, the rise in auto accidents, military conflicts, and trauma cases, the shortage of blood donors, and the rise in blood-related disorders. The introduction of stem cell therapy has given market participants new prospects.
However, the artificial blood market replacements and blood products is thought to be significantly constrained by instability, a shorter shelf life, and a strict regulatory approval process.
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