PUBLISHER: Coherent Market Insights | PRODUCT CODE: 1378599
PUBLISHER: Coherent Market Insights | PRODUCT CODE: 1378599
Global Blood Transfusion Devices Market is estimated to be valued at US$ 4.86 Bn in 2023, and is expected to reach US$ 7.16 Bn by 2030, exhibiting a CAGR of 5.7% during the forecast period (2023-2030).
Report Coverage | Report Details | ||
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Base Year: | 2022 | Market Size in 2023: | US$ 4.86 Bn |
Historical Data for: | 2018 to 2021 | Forecast Period: | 2023 - 2030 |
Forecast Period 2023 to 2030 CAGR: | 5.70% | 2030 Value Projection: | US$ 7.16 Bn |
Blood transfusion is a frequent procedure in which donated blood or blood components are administered to patients via an intravenous (IV) line. Blood transfusion is used to replenish blood and blood components that have been depleted. This potentially life-saving operation can assist in replacing blood lost due to surgery or injury. Blood transfusion can also help if an ailment stops the body from producing blood or some of its components properly. Transfusions provides necessary part or parts of blood, with red blood cells being the most usually transfused. Whole blood, which contains all of the components is also given to patients in need, however whole blood transfusions are uncommon. Blood transfusions are typically administered in hospitals, outpatient clinics, or at the doctor's office. The treatment normally takes one to four hours, depending on the parts of the blood received and the amount of blood required. Apheresis systems, infusion devices, blood warmers, venous access devices, and filters are some of the blood transfusion devices.
Non-profit health systems are providing blood carrying services at emergency medical vehicles to provide better medical services to patients in need. For instance, on April 19, 2023, BannerAir, a U.S.-based hospital-based air medical transport program, started carrying blood on its hospital-based air ambulance helicopters to improve outcomes for patients in dire medical situations. This potentially life-saving service was made possible by Banner Health's collaboration with Laboratory Sciences of Arizona (LSA), a subsidiary of Banner Health, that oversees its laboratories. It plays a critical role in the treatment of patients suffering from massive blood loss due to trauma or other injuries. Such services are anticipated to boost demand for blood transfusion devices at such rapid medical vehicles.
Global Blood Transfusion Devices Market Detailed Segmentation: