According to a new research report by Transparency Market Research (TMR), the global market for synthetic blood substitutes and blood products has been observing a considerable increase in its valuation and market size. Research analysts expect this market to continue rising steadily over the forthcoming years. The research study, titled “Synthetic Blood Substitutes and Blood Products Market – Global Industry Analysis, Size, Share, Growth, Trends, and Forecast 2017 – 2025,” provides a comprehensive evaluation of this market, taking its previous and current performance into account. The drivers, obstructions, prominent trends, opportunities, challenges, and the growth potential in this market have also been examined thoroughly while conducting this research.
As per the research report, the rising demand for blood transfusion in several cases, such as anemia, trauma, and blood loss during surgeries, is leading to the increasing number of synthetic blood substitutes, reflecting positively on the global synthetic blood substitutes and blood products market.
The worldwide market for synthetic blood substitutes and blood products can, largely, be analyzed on the basis of the type of the product and the region. Based on the type of the product, the market can be segmented into perflurocarbon-based products (PFC), recombinant factors, synthetic platelets, hemoglobin-based oxygen carriers, and blood expanders. In terms of the region, the global synthetic blood substitutes and blood products can be classified into North America, Asia Pacific, Latin America, the Middle East and Africa, and Europe. Among these, North America is likely to emerge as the leading regional market over the next few years, reports the study.
At the forefront of this market are BioPure, Northfield Laboratories, Sangart Inc., HemoBioTech Inc., Dentritech Inc., Dextro-Sang Corp., FluorO2 Therapeutics, Baxter International, and Alpha Therapeutic Corp., states the research report.
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