Global Autotransfusion Devices and Consumables MarketPosted by akash Arjun pingale on December 10th, 2020 Global Autotransfusion Devices and Consumables Market was valued US$ XX Mn in 2019 and is expected to reach US$ 1385.7 Mn by 2027, at CAGR of XX % during forecast period. The report includes the analysis of impact of COVID-19 lock-down on the revenue of market leaders, followers, and disrupters. Since lock down was implemented differently in different regions and countries, impact of same is also different by regions and segments. The report has covered the current short term and long term impact on the market, same will help decision makers to prepare the outline for short term and long term strategies for companies by region. Increasing instances of blood transfusion surgical procedures across the globe will help in the strong growth of this market during the forecast period. Because of changes in lifestyle, lack of immunity, and other health-related issues, direct and indirect healthcare admission for treatment of medical conditions has increased. This rise in healthcare admissions will limb the need for blood transfusion devices as it provides a safe and adequate blood supply to the public and helps maintain safety standards. Furthermore, Technological advancements in the autotransfusion system and rise in the prevalence of cardiovascular diseases have increased the growth of the global autotransfusion devices and consumables market. However, the lack of skilled technicians for handling the autotransfusion system hinders the market growth. On the contrary, increasing adoption of autotransfusion system is expected to create profitable opportunities in the coming year. Moreover, the growth in R&D initiatives in regenerative medicine and cell therapies, the global market for blood processing devices and consumables will witness stark growth during the forecast period. Furthermore, the available market potential in developing regions with more population and lack of healthcare amenities is projected to provide profitable opportunities for autotransfusion devices and consumables market trends. At the same time, higher cost associated with devices used for autotransfusion and its maintenance is estimated to restrain the autotransfusion devices and consumables market growth. Additionally, the lack of skilled technicians for handling the autotransfusion system hampers the market growth. According to product type, the devices segment hold for the highest market share in 2017, whereas consumables are projected to be the fastest growing segment during the forecast period. At the same time, consumables used during the autotransfusion method are disposed of and nor reused thus, this segment is estimated to be the fastest growing sector in the product type segment during the forecast period. The factors contributing toward the growth of autotransfusion devices and consumables market include lesser risk of transfusion-transmitted infection, efficiency, and edge over other blood transfusion devices. In terms of region, North America is the leading region for the global autotransfusion devices market due to better health care infrastructure and facilities, rise number of patient suffering from cardiovascular, orthopedic diseases, and increase in geriatric population, leading to a higher probability for the transplantation of organs. Emerging market such as LAMEA is expected to experience delayed growth owing to poor infrastructure and healthcare facilities along with lack of awareness amongst the population. Most of the developed countries have adopted autotransfusion technique, devices and consumables owing to the emphasis by the government bodies due to lesser risk of transfusion transmitted infection which has propelled the market growth throughout the autotransfusion devices and consumables market forecast period. The objective of the report is to present a comprehensive assessment of the market and contains thoughtful insights, facts, historical data, industry-validated market data and projections with a suitable set of assumptions and methodology. The report also helps in understanding the global autotransfusion devices and consumables market dynamics, structure by identifying and analysing the market segments and project the global market size. Further, the report also focuses on the competitive analysis of key players by product, price, financial position, product portfolio, growth strategies, and regional presence. The report also provides PEST analysis, PORTER’s analysis, and SWOT analysis to address questions of shareholders to prioritizing the efforts and investment in the near future to the emerging segment in the global autotransfusion devices and consumables market. Global Autotransfusion Devices and Consumables Market, By Product: • On pump transfusion • Ambulatory Surgical Centers • North America • LivaNova PLC. Like it? Share it! More by this author |