The Global BloodBanking Devices Market, by Product Type (Blood Collection Devices (BloodCollection Needles, Blood Collection Tubes (Serum Collection Tubes, PlasmaCollection Tubes, Heparin Tubes, and Other Tubes), Needles & Syringes,Lancets, Vacuum Blood Collection System, Blood Bags, and Accessories), BloodProcessing Devices (Blood Grouping Analyzers, Blood Cell Processors, BloodFilters, Centrifuges, and Others), and Blood Storage Devices (Blood BankRefrigerators and Blood Bank Freezers)), by Method of Collection (Manual BloodCollection and Automated Blood Collection), End User (Blood Banks, Hospitalsand Other End Users), and Region (North America, Latin America, Europe, AsiaPacific, the Middle East, and Africa) was valued US$ 28.1 billion in 2018 andis projected to exhibit a CAGR of 7.4% over the forecast period (2018 - 2026).
Key players operating in the market areadopting strategies such as mergers and acquisitions to gain competitive edgein the blood banking devices market. For instance, in January 2017, Hologic,Inc. completed the divestiture of its blood screening business to Grifols fordeal value of US$ 1.85 billion. This divestment will help Hologic tosignificantly accelerate their financial flexibility. In January 2017, Werfenand its subsidiary Instrumentation Laboratory (IL) announced the acquisition ofAccriva Diagnostics, a company engaged in in-vitro diagnostic (IVD) bloodtesting at the point-of-care (POC), including their innovative productportfolio spanning coagulation, platelet aggregation, CO-Oximetry, and incisiondevices.
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Furthermore, in September 2016,Instrumentation Laboratory (IL) announced the acquisition of CA Casyso AG andits Tem subsidiaries, a company engaged in in-vitro diagnostic (IVD) testingfor Patient Blood Management (PBM) with their ROTEM testing systems.
Browse 30 Market Data Tables and35 Figures spread through 182 Pages and in-depth TOC on ‘Blood Banking DevicesMarket, by Product Type (Blood Collection Devices (Blood Collection Needles,Blood Collection Tubes (Serum Collection Tubes, Plasma Collection Tubes,Heparin Tubes, and Other Tubes), Needles & Syringes, Lancets, Vacuum BloodCollection System, Blood Bags, Accessories), Blood Processing Devices (Blood GroupingAnalyzers, Blood Cell Processors, Blood Filters, Centrifuges, and Others), andBlood Storage Devices (Blood Bank Refrigerators and Blood Bank Freezers)), byMethod of Collection (Manual Blood Collection and Automated Blood Collection),End User (Blood Banks, Hospitals and Other End Users), and Region (NorthAmerica, Latin America, Europe, Asia Pacific, the Middle East, and Africa -Global Forecast to 2026’
Key players in the blood bankingdevices market are engaged in developing innovative strategies such as mobilevan blood banking, robotic blood collection system, and blood banking mobileapp to enable easy access to donors, which is expected to show lucrativerevenue growth over the forecast period. For instance, in May 2017, PolyMedicure Ltd., manufacturer of medical devices in India, launched their bloodbanking products in the Indian local market (Haryana), thereby expanding theirgeographical presence in the local market. Moreover, in January 2017, SocialCapital, an NGO from Coimbatore, India launched an android app for blooddonation, with support from the Coimbatore Corporation and Sri RamakrishnaMulti-specialty Hospital. Furthermore, this app will help hospitals and bloodbanks to connect with donors. In September 2014, the American Red Crosslaunched a blood donor app, which made it easier for people to track theirblood donations and schedule for new ones. In April 2018, Immucor, Inc., a leader in transfusion andtransplantation diagnostics, received the U.S. Food and Drug Administration(FDA) approval for their fully automated Echo instrument called as Echo Lumena.Echo Lumena is Immucor’s fifth generation immunohematology instrument, whichoffers faster and clearer blood compatibility result.
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Key takeaways of the BloodBanking Devices Market:
The global blood banking devicesmarket is expected to expand at a CAGR of 7.4% during the forecast period (2018– 2026), owing to increasing demand for blood and blood related components
Among product type, bloodcollection devices segment accounted to register largest market share inproduct type segment, owing to increasing demand for these devices andnecessity of these devices in blood component analysis at fully automated bloodbanks and large blood donation centers
Among method of collection,manual blood collection segment holds a major market share. Manual bloodcollection systems are an easily accessible way for blood collection, whichaugment the market share during the forecast period. However, due to continuousadvancements in blood banking associated devices, automated blood collection isexpected to show higher growth rate in the near future.
Among the End User segment, bloodbanks accounted to hold higher market share during forecast period, owing totheir increased ability to offer large variety of blood units to associatedhospitals and clinics and their ability to handle extensive amount of bloodderived components, further processing and storage, for an extendedperiod.
Some of the major playersoperating in the global blood banking devices market include Becton, Dickinsonand Company, Thermo Fisher Scientific Inc., Abbott Laboratories, Fresenius KabiAG, Beckman Coulter Inc. (Danaher Corporation), bioMérieux, Inc., ChinaBiologic Products Holdings, Inc., Immucor, Inc.(IVD Holdings, Inc.),Instrumentation Laboratory Company, and F. Hoffmann-La Roche AG (RocheMolecular Systems Inc.)
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