Rising Demand for Blood Transfusion to Fuel the Development of Global Blood Preparation Market

The blood contains cells, colloids, and crystalloids which can be differentiated into several blood components like platelet, plasma, red blood cell, white blood cell, and precipitate. These different blood components need different temperature requirements and storage conditions for therapeutic efficacy.  The major applications for blood preparation such as pulmonary embolism, angina blood vessel complications, thrombocytosis, and renal impairment are facilitating the progress of the global market. The increasing use of packed red cells, platelet concentrate, cryoprecipitate, leucocyte reduced RBCs, and the whole blood components is propelling the further development of the global market.

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A rise in the number of blood disorders, high requirement for blood during surgical procedures, and the increasing demand for blood transfusion are positively influencing the advancement of the global blood preparation market. However, the high risk of blood transmission diseases such as Hepatitis B, viral hemorrhagic fever, and HIV is hampering the progress of this market. The development of new advanced technologies and instruments for separating the blood components are creating lucrative opportunities for the potential progress of the global market.

Some of the key insights about the global blood preparation market are given below:

  • The global blood preparation market has five key regions viz. Latin America, North America, Europe, Middle East and Africa, and Asia Pacific that provide us with a better understanding of its working dynamics. Currently, the market is expected to be dominated by the North America region due to the use of hi-technology for treatment purposes and the ultra-modern healthcare infrastructure in the region.
  • The leading players in the global market for blood preparation are expected to witness strong competition in the coming years of the forecast period. Some of the leading brands in the global market include names such as Baxter Healthcare, Sanofi-Aventis, Leo Pharma, GlaxoSmithKline, Shandong East Chemical, Bristol-Myers, Celgene, AstraZeneca, and Pfizer among others.

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