Product Code: A11262
Patient blood management is an evidence-based and multidisciplinary approach to caring for patients who might need a blood transfusion. It encompasses all aspects of the transfusion decision-making process, beginning with the initial patient evaluation and continuing through clinical management. These techniques are designed to ensure optimal patient outcomes while maintaining the blood supply to guarantee that blood components are available for patients when they are needed.
Patient Blood Management improves patient outcomes by improving the patient's medical and surgical management in ways that boost and conserve the patient's own blood. Owing to better management, patients usually require fewer transfusions of donated blood components, thus avoiding transfusion-associated complications. The National Blood Authority of Australia is funding and managing the development of evidence-based patient blood management guidelines.
Major factors driving the growth of the patient blood management market include a rise in technological advancement in patient blood management devices, an increase in the prevalence of blood disorders among the global population, and a surge in the number of blood donors. Furthermore, the rise in the prevalence rate of blood cancer and the increase in the prevalence of diseases such as malaria and cancer enhance the growth of this market. For instance, according to the data from Leukemia & Lymphoma Society, in 2021, new cases of leukemia, lymphoma, and myeloma accounted for 9.8% of the estimated 1,898,160 new cancer cases in the U.S. This led to an increase in the requirement of patient blood management.
However, unfavorable reimbursements as well as high costs of instruments and devices that are used in patient blood management are expected to hamper the market growth. On the contrary, unmet medical demands in developing countries and lucrative opportunities in emerging economies are expected to create immense opportunities for patient blood management device manufacturers worldwide in the future.
Furthermore, the healthcare business is projected to witness growth owing to a rise in chronic diseases and an increase in the number of surgical procedures performed, boosting the growth of the patient blood management market. Moreover, the increase in road accidents that cause blood loss, the rise in awareness regarding blood donation, and the increase in government expenditure on healthcare drive the growth of the patient blood management market. This is anticipated to offer remunerative opportunities for key players to invest in the market during the forecast period.
In addition, rise in R&D investments in the discovery & development of safe and effective patient blood management devices, a significant rise in capital income in developed countries, and a rise in key strategies such as product launch, collaboration, merger, & acquisition adopted by key players strengthen demand for patient blood management devices in the market.
For instance, in July 2019, Grifols, a global healthcare company, and producer of plasma-derived medicines announced the acquisition of its first donation center in Canada as part of the company's commitment to increase the availability of lifesaving plasma medicines in the country. In a share purchase agreement, Grifols Canada Therapeutics Inc has acquired Prometic Plasma Resources Inc's (PPR) donation center in Winnipeg from Kedrion for USD 4 million in cash. It is designed such that it can screen blood and plasma more efficiently within a smaller space than commercially available competitive systems. In a testing specialty that needs extensive hands-on time, the additional automation and flexibility of Alinity's are expected to help blood and plasma centers improve productivity and maintain the highest levels of accuracy. Hence, such factors drive the growth of the patient blood management market.
The patient blood management market is segmented on the basis of product, component, end user, and region. On the basis of product, the market is classified into instruments (blood processing devices, blood transfusion devices, blood culture screening devices, diagnostic & testing instruments, and blood storage devices), accessories (syringes & needles, vials & tubes, blood bags, and others), reagents & kits (blood culture media, blood typing reagents, slide staining reagents, and assay kits), and software. On the basis of components, the market is classified into whole blood & red blood cells, and plasma. Depending on the end user, it is fragmented into hospitals, blood banks, and diagnostic clinics & pathology labs. Region-wise, the market is analyzed across North America (the U.S., Canada, and Mexico), Europe (Germany, France, the UK, Italy, Spain, and the rest of Europe), Asia-Pacific (China, Japan, Australia, India, and rest of Asia-Pacific), and LAMEA (Brazil, South Africa, Saudi Arabia, and rest of LAMEA).
Major players profiled in the report are Asahi Kasei Corporation, B. Braun SE, BioMerieux, Inc., Grifols, S.A., Haemonetics Corporation, Haier Biomedical, Immucor, Inc., LivaNova PLC, Macopharma, and Terumo Corporation.
Key Benefits For Stakeholders
This report provides a quantitative analysis of the market segments, current trends, estimations, and dynamics of the patient blood management market analysis from 2021 to 2031 to identify the prevailing patient blood management market opportunities.
Market research is offered along with information related to key drivers, restraints, and opportunities.
Porter's five forces analysis highlights the potency of buyers and suppliers to enable stakeholders to make profit-oriented business decisions and strengthen their supplier-buyer network.
In-depth analysis of the patient blood management market segmentation assists to determine the prevailing market opportunities.
Major countries in each region are mapped according to their revenue contribution to the global market.
Market player positioning facilitates benchmarking and provides a clear understanding of the present position of the market players.
The report includes the analysis of the regional as well as global patient blood management market trends, key players, market segments, application areas, and market growth strategies.
Key Market Segments
By Component
- Whole Blood and Red Blood Cells
- Plasma
By End User
- Blood Banks
- Hospitals
- Diagnostic Clinics and Pathology Labs
By Product
- Instruments
- Type
- Blood Processing Devices
- Blood Transfusion Devices
- Blood Culture Screening Devices
- Diagnostic and Testing Instruments
- Blood Storage Devices
- Accessories
- Type
- Syringes and Needles
- Vials and Tubes
- Blood Bags
- Others
- Reagents and Kits
- Type
- Blood Culture Media
- Blood Typing Reagents
- Slide Staining Reagents
- Assay Kits
- Software
By Region
- North America
- Europe
- Germany
- France
- UK
- Italy
- Spain
- Rest of Europe
- Asia-Pacific
- China
- Japan
- India
- Australia
- Rest of Asia-Pacific
- LAMEA
- Brazil
- Saudi Arabia
- South Africa
- Rest of LAMEA
- Key Market Players
- Grifols, S.A.
- B. Braun SE
- Immucor, Inc
- Haemonetics Corporation
- LivaNova PLC
- Biomerieux SA
- Haier Biomedical
- Macopharma
- Terumo Corporation
- Asahi Kasei Corporation
TABLE OF CONTENTS
CHAPTER 1: INTRODUCTION
- 1.1. Report description
- 1.2. Key market segments
- 1.3. Key benefits to the stakeholders
- 1.4. Research Methodology
- 1.4.1. Primary research
- 1.4.2. Secondary research
- 1.4.3. Analyst tools and models
CHAPTER 2: EXECUTIVE SUMMARY
CHAPTER 3: MARKET OVERVIEW
- 3.1. Market definition and scope
- 3.2. Key findings
- 3.2.1. Top impacting factors
- 3.2.2. Top investment pockets
- 3.3. Porter's five forces analysis
- 3.3.1. High bargaining power of suppliers
- 3.3.2. High bargaining power of buyers
- 3.3.3. High threat of substitutes
- 3.3.4. High threat of new entrants
- 3.3.5. High intensity of rivalry
- 3.4. Market dynamics
- 3.4.1. Drivers
- 3.4.1.1. Rise in incidence of trauma and accidents
- 3.4.1.2. Increase in prevalence of blood cancer
- 3.4.1.3. Increase in government expenditure on healthcare
- 3.4.2. Restraints
- 3.4.2.1. Risks related to blood transfusion procedure
- 3.4.2.2. High cost of advanced patient blood management products
- 3.4.3. Opportunities
- 3.4.3.1. Rise in demand for blood and other blood related products across the globe
- 3.4.3.2. Surge in blood donations and plasma donations across the globe
- 3.5. COVID-19 Impact Analysis on the market
CHAPTER 4: PATIENT BLOOD MANAGEMENT MARKET, BY PRODUCT
- 4.1. Overview
- 4.1.1. Market size and forecast
- 4.2. Instruments
- 4.2.1. Key market trends, growth factors and opportunities
- 4.2.2. Market size and forecast, by region
- 4.2.3. Market share analysis by country
- 4.2.4. Instruments Patient Blood Management Market by Type
- 4.2.4.1. Blood Processing Devices Market size and forecast, by region
- 4.2.4.2. Blood Transfusion Devices Market size and forecast, by region
- 4.2.4.3. Blood Culture Screening Devices Market size and forecast, by region
- 4.2.4.4. Diagnostic and Testing Instruments Market size and forecast, by region
- 4.2.4.5. Blood Storage Devices Market size and forecast, by region
- 4.3. Accessories
- 4.3.1. Key market trends, growth factors and opportunities
- 4.3.2. Market size and forecast, by region
- 4.3.3. Market share analysis by country
- 4.3.4. Accessories Patient Blood Management Market by Type
- 4.3.4.1. Syringes and Needles Market size and forecast, by region
- 4.3.4.2. Vials and Tubes Market size and forecast, by region
- 4.3.4.3. Blood Bags Market size and forecast, by region
- 4.3.4.4. Others Market size and forecast, by region
- 4.4. Reagents and Kits
- 4.4.1. Key market trends, growth factors and opportunities
- 4.4.2. Market size and forecast, by region
- 4.4.3. Market share analysis by country
- 4.4.4. Reagents and Kits Patient Blood Management Market by Type
- 4.4.4.1. Blood Culture Media Market size and forecast, by region
- 4.4.4.2. Blood Typing Reagents Market size and forecast, by region
- 4.4.4.3. Slide Staining Reagents Market size and forecast, by region
- 4.4.4.4. Assay Kits Market size and forecast, by region
- 4.5. Software
- 4.5.1. Key market trends, growth factors and opportunities
- 4.5.2. Market size and forecast, by region
- 4.5.3. Market share analysis by country
CHAPTER 5: PATIENT BLOOD MANAGEMENT MARKET, BY COMPONENT
- 5.1. Overview
- 5.1.1. Market size and forecast
- 5.2. Whole Blood and Red Blood Cells
- 5.2.1. Key market trends, growth factors and opportunities
- 5.2.2. Market size and forecast, by region
- 5.2.3. Market share analysis by country
- 5.3. Plasma
- 5.3.1. Key market trends, growth factors and opportunities
- 5.3.2. Market size and forecast, by region
- 5.3.3. Market share analysis by country
CHAPTER 6: PATIENT BLOOD MANAGEMENT MARKET, BY END USER
- 6.1. Overview
- 6.1.1. Market size and forecast
- 6.2. Blood Banks
- 6.2.1. Key market trends, growth factors and opportunities
- 6.2.2. Market size and forecast, by region
- 6.2.3. Market share analysis by country
- 6.3. Hospitals
- 6.3.1. Key market trends, growth factors and opportunities
- 6.3.2. Market size and forecast, by region
- 6.3.3. Market share analysis by country
- 6.4. Diagnostic Clinics and Pathology Labs
- 6.4.1. Key market trends, growth factors and opportunities
- 6.4.2. Market size and forecast, by region
- 6.4.3. Market share analysis by country
CHAPTER 7: PATIENT BLOOD MANAGEMENT MARKET, BY REGION
- 7.1. Overview
- 7.1.1. Market size and forecast By Region
- 7.2. North America
- 7.2.1. Key trends and opportunities
- 7.2.2. Market size and forecast, by Product
- 7.2.2.1. North America Instruments Patient Blood Management Market by Type
- 7.2.2.2. North America Accessories Patient Blood Management Market by Type
- 7.2.2.3. North America Reagents and Kits Patient Blood Management Market by Type
- 7.2.3. Market size and forecast, by Component
- 7.2.4. Market size and forecast, by End User
- 7.2.5. Market size and forecast, by country
- 7.2.5.1. U.S.
- 7.2.5.1.1. Key market trends, growth factors and opportunities
- 7.2.5.1.2. Market size and forecast, by Product
- 7.2.5.1.3. Market size and forecast, by Component
- 7.2.5.1.4. Market size and forecast, by End User
- 7.2.5.2. Canada
- 7.2.5.2.1. Key market trends, growth factors and opportunities
- 7.2.5.2.2. Market size and forecast, by Product
- 7.2.5.2.3. Market size and forecast, by Component
- 7.2.5.2.4. Market size and forecast, by End User
- 7.2.5.3. Mexico
- 7.2.5.3.1. Key market trends, growth factors and opportunities
- 7.2.5.3.2. Market size and forecast, by Product
- 7.2.5.3.3. Market size and forecast, by Component
- 7.2.5.3.4. Market size and forecast, by End User
- 7.3. Europe
- 7.3.1. Key trends and opportunities
- 7.3.2. Market size and forecast, by Product
- 7.3.2.1. Europe Instruments Patient Blood Management Market by Type
- 7.3.2.2. Europe Accessories Patient Blood Management Market by Type
- 7.3.2.3. Europe Reagents and Kits Patient Blood Management Market by Type
- 7.3.3. Market size and forecast, by Component
- 7.3.4. Market size and forecast, by End User
- 7.3.5. Market size and forecast, by country
- 7.3.5.1. Germany
- 7.3.5.1.1. Key market trends, growth factors and opportunities
- 7.3.5.1.2. Market size and forecast, by Product
- 7.3.5.1.3. Market size and forecast, by Component
- 7.3.5.1.4. Market size and forecast, by End User
- 7.3.5.2. France
- 7.3.5.2.1. Key market trends, growth factors and opportunities
- 7.3.5.2.2. Market size and forecast, by Product
- 7.3.5.2.3. Market size and forecast, by Component
- 7.3.5.2.4. Market size and forecast, by End User
- 7.3.5.3. UK
- 7.3.5.3.1. Key market trends, growth factors and opportunities
- 7.3.5.3.2. Market size and forecast, by Product
- 7.3.5.3.3. Market size and forecast, by Component
- 7.3.5.3.4. Market size and forecast, by End User
- 7.3.5.4. Italy
- 7.3.5.4.1. Key market trends, growth factors and opportunities
- 7.3.5.4.2. Market size and forecast, by Product
- 7.3.5.4.3. Market size and forecast, by Component
- 7.3.5.4.4. Market size and forecast, by End User
- 7.3.5.5. Spain
- 7.3.5.5.1. Key market trends, growth factors and opportunities
- 7.3.5.5.2. Market size and forecast, by Product
- 7.3.5.5.3. Market size and forecast, by Component
- 7.3.5.5.4. Market size and forecast, by End User
- 7.3.5.6. Rest of Europe
- 7.3.5.6.1. Key market trends, growth factors and opportunities
- 7.3.5.6.2. Market size and forecast, by Product
- 7.3.5.6.3. Market size and forecast, by Component
- 7.3.5.6.4. Market size and forecast, by End User
- 7.4. Asia-Pacific
- 7.4.1. Key trends and opportunities
- 7.4.2. Market size and forecast, by Product
- 7.4.2.1. Asia-Pacific Instruments Patient Blood Management Market by Type
- 7.4.2.2. Asia-Pacific Accessories Patient Blood Management Market by Type
- 7.4.2.3. Asia-Pacific Reagents and Kits Patient Blood Management Market by Type
- 7.4.3. Market size and forecast, by Component
- 7.4.4. Market size and forecast, by End User
- 7.4.5. Market size and forecast, by country
- 7.4.5.1. China
- 7.4.5.1.1. Key market trends, growth factors and opportunities
- 7.4.5.1.2. Market size and forecast, by Product
- 7.4.5.1.3. Market size and forecast, by Component
- 7.4.5.1.4. Market size and forecast, by End User
- 7.4.5.2. Japan
- 7.4.5.2.1. Key market trends, growth factors and opportunities
- 7.4.5.2.2. Market size and forecast, by Product
- 7.4.5.2.3. Market size and forecast, by Component
- 7.4.5.2.4. Market size and forecast, by End User
- 7.4.5.3. India
- 7.4.5.3.1. Key market trends, growth factors and opportunities
- 7.4.5.3.2. Market size and forecast, by Product
- 7.4.5.3.3. Market size and forecast, by Component
- 7.4.5.3.4. Market size and forecast, by End User
- 7.4.5.4. Australia
- 7.4.5.4.1. Key market trends, growth factors and opportunities
- 7.4.5.4.2. Market size and forecast, by Product
- 7.4.5.4.3. Market size and forecast, by Component
- 7.4.5.4.4. Market size and forecast, by End User
- 7.4.5.5. Rest of Asia-Pacific
- 7.4.5.5.1. Key market trends, growth factors and opportunities
- 7.4.5.5.2. Market size and forecast, by Product
- 7.4.5.5.3. Market size and forecast, by Component
- 7.4.5.5.4. Market size and forecast, by End User
- 7.5. LAMEA
- 7.5.1. Key trends and opportunities
- 7.5.2. Market size and forecast, by Product
- 7.5.2.1. LAMEA Instruments Patient Blood Management Market by Type
- 7.5.2.2. LAMEA Accessories Patient Blood Management Market by Type
- 7.5.2.3. LAMEA Reagents and Kits Patient Blood Management Market by Type
- 7.5.3. Market size and forecast, by Component
- 7.5.4. Market size and forecast, by End User
- 7.5.5. Market size and forecast, by country
- 7.5.5.1. Brazil
- 7.5.5.1.1. Key market trends, growth factors and opportunities
- 7.5.5.1.2. Market size and forecast, by Product
- 7.5.5.1.3. Market size and forecast, by Component
- 7.5.5.1.4. Market size and forecast, by End User
- 7.5.5.2. Saudi Arabia
- 7.5.5.2.1. Key market trends, growth factors and opportunities
- 7.5.5.2.2. Market size and forecast, by Product
- 7.5.5.2.3. Market size and forecast, by Component
- 7.5.5.2.4. Market size and forecast, by End User
- 7.5.5.3. South Africa
- 7.5.5.3.1. Key market trends, growth factors and opportunities
- 7.5.5.3.2. Market size and forecast, by Product
- 7.5.5.3.3. Market size and forecast, by Component
- 7.5.5.3.4. Market size and forecast, by End User
- 7.5.5.4. Rest of LAMEA
- 7.5.5.4.1. Key market trends, growth factors and opportunities
- 7.5.5.4.2. Market size and forecast, by Product
- 7.5.5.4.3. Market size and forecast, by Component
- 7.5.5.4.4. Market size and forecast, by End User
CHAPTER 8: COMPETITIVE LANDSCAPE
- 8.1. Introduction
- 8.2. Top winning strategies
- 8.3. Product Mapping of Top 10 Player
- 8.4. Competitive Dashboard
- 8.5. Competitive Heatmap
- 8.6. Top player positioning, 2021
CHAPTER 9: COMPANY PROFILES
- 9.1. Asahi Kasei Corporation
- 9.1.1. Company overview
- 9.1.2. Key Executives
- 9.1.3. Company snapshot
- 9.1.4. Operating business segments
- 9.1.5. Product portfolio
- 9.1.6. Business performance
- 9.2. B. Braun SE
- 9.2.1. Company overview
- 9.2.2. Key Executives
- 9.2.3. Company snapshot
- 9.2.4. Operating business segments
- 9.2.5. Product portfolio
- 9.2.6. Business performance
- 9.3. Biomerieux SA
- 9.3.1. Company overview
- 9.3.2. Key Executives
- 9.3.3. Company snapshot
- 9.3.4. Operating business segments
- 9.3.5. Product portfolio
- 9.3.6. Business performance
- 9.4. Grifols, S.A.
- 9.4.1. Company overview
- 9.4.2. Key Executives
- 9.4.3. Company snapshot
- 9.4.4. Operating business segments
- 9.4.5. Product portfolio
- 9.4.6. Business performance
- 9.4.7. Key strategic moves and developments
- 9.5. Haemonetics Corporation
- 9.5.1. Company overview
- 9.5.2. Key Executives
- 9.5.3. Company snapshot
- 9.5.4. Operating business segments
- 9.5.5. Product portfolio
- 9.5.6. Business performance
- 9.5.7. Key strategic moves and developments
- 9.6. Haier Biomedical
- 9.6.1. Company overview
- 9.6.2. Key Executives
- 9.6.3. Company snapshot
- 9.6.4. Operating business segments
- 9.6.5. Product portfolio
- 9.7. Immucor, Inc
- 9.7.1. Company overview
- 9.7.2. Key Executives
- 9.7.3. Company snapshot
- 9.7.4. Operating business segments
- 9.7.5. Product portfolio
- 9.8. LivaNova PLC
- 9.8.1. Company overview
- 9.8.2. Key Executives
- 9.8.3. Company snapshot
- 9.8.4. Operating business segments
- 9.8.5. Product portfolio
- 9.8.6. Business performance
- 9.9. Macopharma
- 9.9.1. Company overview
- 9.9.2. Key Executives
- 9.9.3. Company snapshot
- 9.9.4. Operating business segments
- 9.9.5. Product portfolio
- 9.10. Terumo Corporation
- 9.10.1. Company overview
- 9.10.2. Key Executives
- 9.10.3. Company snapshot
- 9.10.4. Operating business segments
- 9.10.5. Product portfolio
- 9.10.6. Business performance
- 9.10.7. Key strategic moves and developments