Market Definition: Blood banking is referred to collecting, separating, processing, and storing of blood. Blood banking devices are the instruments and devices used in the collection and storage of blood and blood components.
Market Analysis:The Global Blood Banking Devices Market is expected to grow significantly during the forecast period of 2018 to 2025.
The upcoming market report contains data for historic year 2016, the base year of calculation is 2017 and the forecast period is 2018 to 2025.
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By Product Type
Blood Collection Devices,
Blood Processing Device,
Blood Storage Device
Independent Diagnostic Centres/Clinics, Blood Banks
Major Market Competitors/Players: Global Blood Banking Devices Market
Some of the major players operating in the global blood banking device market are Abbott Diagnostics Inc., Beckman Coulter, Inc., Beckton, Dickson and Company, Bio-Rad Laboratories, Inc., Hindustan Syringes and Medical Devices Ltd., Polymed Medical Devices, Roche Holdings AG, Siemens Healthcare Diagnostics, Terumo Corporation, Thermo Fisher Scintific, Inc., Fresenius Kabi AG, China Biologic Products Holdings, Immucor, Inc. (IVD Holdings, Inc.), , Instrumentation Laboratory Company, and F. Hoffmann-La Roche AG amongst others.
Major Market Drivers and Restraints:
· Increase in rate of complex surgeries such as orthopedic surgeries and open heart surgeries
· Rise in geriatric population
· Increase in incidence of trauma cases
· Technological advancement in medical technology for donor screening
· Advancement in blood transfusion instruments
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Key Developments in the Market:
· In April 2018, Sanquin (Netherlands) and Abbott (U.S) announced that they have signed a multiple-year contract for the supply of primary serological equipment and consumables, including Sanquin (Netherlands) Alinity system, for blood and plasma screening. This agreement extends Abbott (U.S) and Sanquin (Netherlands) long-standing relationship of more than 10 years.
Competitive Analysis: Global Blood Banking Devices Market
The global blood banking device market is highly fragmented and the major players have used various strategies such as new product launches, expansions, agreements, joint ventures, partnerships, acquisitions, and others to increase their footprints in this market. The report includes global blood banking device market for global, Europe, North America, Asia Pacific and South America.
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