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Global blood collection systems market: 10.1% CAGR growth forecast between 2012-16
Global Blood Collection Systems Market 2012-2016 - a new market research report on 2014-03-26 08:05:01
The Global Blood Collection Systems market is to grow at a CAGR of 10.11 percent over the period 2012-2016. One of the key factors contributing to this market growth is the increasing aging population. The Global Blood Collection Systems market has also been witnessing the increase in automated blood collection systems. However, the high cost of blood handling equipment could pose a challenge to the growth of this market.

Technological advancements in the Medical Devices sector have led to the development of automated blood collection devices, which make the process highly refined and reduce the risk of contamination. In order to avoid the risk of acquiring transfusion-transmitted diseases and to meet the unmet demands of blood and blood components, manufacturers are producing highly complicated automated blood collection machines, refrigerators, freezers, bags, needles, tubes, donor sets, hematocrit centrifuges, reagents, and vials for avoiding contamination. The automaton of devices reduces human intervention, requires less number of professionals, and also reduces the risk of pathogen development. Another important aspect of automation is the decrease in the technical assistance involved during blood collection; thus, less exposure to pathogen and bacterial infection throughout the entire process. Therefore, automated alternatives such as autologous blood transfusion devices and apheresis have been gaining popularity in recent times. This rise in demand for automated alternatives is influencing the growth of the blood collection systems as a whole, and is shifting manufacturers focus toward automation.

One of the main drivers in this market is the steady growth in the global aging population. People aged 60 and above are more prone to surgical procedures and the majority of blood transfusions cases occur in patients above 65 years of age.

One of the major challenges faced by the market is the high cost of blood handling equipment. Various small vendors do not have the required budget for capitalizing on high cost automated blood collection systems.

The key vendors dominating this market space are Becton Dickinson & Co., Fresenius Kabi AG, Haemonetics Corp., and Terumo Penpol Ltd.

Other vendors are Grifols SA, Hemagen Diagnostics Inc., Immucor Inc., Kawasumi Laboratories Inc., MacoPharma SA, and Medigard Ltd.

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