Axiom MRC has updated all it's market research reports with the Economic Impact Analysis of COVID19 Pandemic on the market. Our team of analyst are following Comprehensive Three Dimensional (3D) Research Methodology along with large number primary interviews with key industry participants to bring insightful market reports to meet the current market requirements.
Blood banking is the process of collecting, separating, processing, and storing blood. Blood banking devices are the instruments and devices used in the collection and storage of blood and blood components. These devices are used in the processing of blood to ensure safety during blood transfer. A blood bank is a place where a supply of blood or plasma is stored for transfusion. Blood banks perform four major functions, which are, collection of blood, processing of blood (sometimes blood components are separated for particular health care treatment or application), testing of a blood sample to ensure it is non-infectious and is fit for transfusion, and storage for future application and transportation of blood sample to end-users.
Prevalence of blood-borne diseases and transfusion transmissible infections, rise in several surgeries, improving health care infrastructure across the globe, demand for advanced instruments, advancement in automation technology, positively changing reimbursement scenarios, awareness about blood donation and safe blood transfusion, and government initiatives to promote blood donation are likely to propel the growth of the global blood bank devices market during the forecast period. However, high maintenance costs, the high price of blood processing equipment, and stringent regulatory authorities are anticipated to affect the growth of the market shortly. Nevertheless, the growing use of cell therapy offers growth opportunities to the blood bank devices market.
The exclusive COVID 19 impact analysis report by Axiom MRC provides a 3600 analysis of micro and macro-economic factors on the pet grooming market. In addition, complete analysis of changes on the Pet grooming market expenditure, economic and international policies on supply and demand side. The report also studies the impact of pandemic on global economies, international trade, business investments, GDP and marketing strategies of key players present in the market.
The most common concern for the governments of all Covid-19 hit nations is the excruciating need to screen for and test large numbers of patients for possible Sars-Cov-2 infection. As a result, most of them are facing major shortages in the supply of diagnostic kits to test for the virus. Diagnostics virology entities are under immense pressure to provide reliable testing kits, and there is a surge in demand for in-vitro or point-of-care testing capacities by labs across a large number of countries. The report will account for Covid19 as a key market contributor.
The Blood Banking Devices market is segmented based on by product, by application, by end user and geography.
The Blood Banking Devices market on the basis of product is segmented into Blood Collection Devices, Blood Processing Devices, and Blood Storage Devices. Collection devices can be segmented into collection needles, collection tubes, syringes, blood bags, lancets, IV cannulas & cannulas access vials, and others. The instruments segment can be classified into centrifuges, blood filters, blood grouping analyzers, and others. Storage devices can be segmented into blood bank refrigerators, blood bank freezers, test tube racks, and others. The reagents segment can be bifurcated into anti-sera reagents, anti-human globulin, blood bank saline, and reagent blood cells. Collection devices are a rapidly growing segment due to the increase in blood donation led by raising awareness among people regarding the importance and benefits of the same. Moreover, people are becoming aware of the concept behind blood cell formation in bone marrow and multiplication after blood donations.
The Blood Banking Devices market on the basis of application is segmented into Collection, Processing, Testing, and Storage. The testing segment can be categorized into ABO typing, antibody screening, and cross-matching tests. It is likely to grow rapidly during the forecast period due to the stringent rules imposed by the government to screen the blood of the donor before storage as infectious blood samples can cross-contaminate other blood samples stored in the blood bank. Testing is important to know the ABO blood group as blood transfusion takes place according to ABO and Rh factor systems.
The Blood Banking Devices market on the basis of end user is segmented into Hospitals, Academic Institutes, Independent Diagnostic Centers or Clinics, and Blood Banks. Blood banks are projected to be the fastest-growing segment during the forecast period as they have the appropriate and well-defined infrastructure for the storage of whole blood or blood products as compared to other end-users. Moreover, all types of blood groups can be easily found in these units.
Geographically the global Blood Banking Devices market is studied for the following region North America, Europe, Asia Pacific, Middle East & Africa and Rest of the World. North America is expected to be the leading market for blood bank devices during the forecast period because of the well-developed health care infrastructure in the region. Europe is another leading market due to the rise in funding in blood bank units in the region. The blood bank devices market in the Asia Pacific is expected to grow significantly shortly due to the rise in several blood banking units in the developing countries in the region. Moreover, government initiatives to support blood donation are contributing to the growth of the blood bank devices market in the Asia Pacific.
The major players in Blood Banking Devices market are Abbott Diagnostics Inc., Beckman Coulter, Inc., Thermo Fisher Scientific, Inc., Beckton, Dickson and Company, Bio-Rad Laboratories, Inc., Hindustan Syringes and Medical Devices Ltd., Polymed Medical Devices, Roche Holdings AG, Siemens Healthcare, and Terumo Corporation among others.
The report analyses the global Blood Banking Devices market based on by product, by application, by end user, and geography. The Blood Banking Devices market on the basis of product is segmented into Blood Collection Devices, Blood Processing Devices, and Blood Storage Devices. The Blood Banking Devices market on the basis of application is segmented into Collection, Processing, Testing, and Storage. The Blood Banking Devices market on the basis of end user is segmented into Hospitals, Academic Institutes, Independent Diagnostic Centers or Clinics, and Blood Banks. Geographically the global Blood Banking Devices market is studied for the following region North America, Europe, Asia Pacific, Middle East & Africa and RoW.
The major players in Blood Banking Devices market are Abbott Diagnostics Inc., Beckman Coulter, Inc., Thermo Fisher Scientific, Inc., Beckton, Dickson and Company, Bio-Rad Laboratories, Inc., Hindustan Syringes and Medical Devices Ltd., Polymed Medical Devices, Roche Holdings AG, Siemens Healthcare, and Terumo Corporation among others.
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