According to Future Market Insights, the global blood banking equipment market held a valuation of about US$ 14.8 Billion in 2022. As per the study, sales are expected to increase at a CAGR of 4.7% during the forecast period (2022 to 2032), surpassing US$ 23.4 Billion in 2032.
The rising number of surgical procedures and accidents has created a growing need for blood components, posing a significant concern for blood banks and hospitals worldwide. In the UK, there has been a consistent increase in the number of surgeries performed, with about 70,000 A&E cases registered in the country in 2019, indicating a potential surge in demand for blood banking equipment and products.
Increasing awareness about blood donation has become a top priority for blood transfusion centers, and governments around the world are offering various attractive reimbursement opportunities to encourage volunteer donors to donate blood.
The AABB advocates for comprehensive insurance coverage and offers attractive reimbursement options to improve patient access to blood products, transfusion services, and cellular therapies. The implementation of such policies by developing economies can significantly boost the growth of the blood banking equipment market in the coming years.
The expansion of the blood banking equipment market is heavily dependent on the automation of blood bank centers, the growing popularity of mobile blood drives and camps, government support and initiatives, and an increasing number of blood donors.
Market Competition
Key Players:
- Medsurg
- Hamilton Syringes & Needles
- Hi-Tech Medicare Devices
- Abbott Laboratories
- Beckman Coulter, Inc.
- Becton, Dickinson and Company
- bioMérieux SA
- Bio-Rad Laboratories, Inc.
- Cerus Corporation
- CSL Behring LLC
- Fresenius Kabi AG
- Others
Browse More Details@ https://www.futuremarketinsights.com/reports/blood-banking-equipment-market
Key Market Segments Covered in Blood Banking Equipment Industry Research
By Product:
- Blood Collection
- Blood Collection Sets
- Blood Bag Tube Sealer
- Blood Collection Mixer
- Blood Bags
- Reagents
- Lancets
- Others
- Blood Processing
- Centrifuges
- Blood Filters
- Blood Bank Analysers
- Blood Warmers
- Plasma Thawing Baths
- Blood Storage
- Blood Bank Refrigerators
- Blood Bank Freezers
- Test Tube Racks
- Others
By End User:
- Hospitals
- Blood Banks
The global Cord Blood Banking Market research report, published by Value Market Research, is designed to offer various market framework such as market size, portion, trends, growth path, value and factors that impact the current market dynamics over the forecast period 2020-2027.
Most importantly, this report also provides the latest significant strategies adopted by major players along with their market share.The research report also covers the comprehensive profiles of the key players in the market and an in-depth view of the competitive landscape worldwide.
The major players in the cord blood banking market include Cordlife, Singapore Cord Blood Bank, ViaCord LLC, CBR Systems, FamiCord, Cryo-Save, Americord, LifeCell, Global Cord Blood Corporation, Jeevan Stem Cell Foundation.
This section consists of a holistic view of the competitive landscape that includes various strategic developments such as key mergers & acquisitions, future capacities, partnerships, financial overviews, collaborations, new product developments, new product launches, and other developments.Get more information on "Global Cord Blood Banking Market Research Report" by requesting FREE Sample Copy at https://www.valuemarketresearch.com/contact/cord-blood-banking-market/download-sampleMarket DynamicsCord blood banking is gaining robust popularity with the emergence of regenerative medicine.
Cord blood is currently approved by the FDA to treat nearly 80 diseases and is under process to support more.
Researchers are exploring cure mechanisms, which may be instrumental in treating other conditions that have been untreatable up to this point.
