Global Blood Bank Analyzers Market Analysis Size, Share, Trends, Current Demand, and Business Opportunities
Global Blood Bank Analyzers Market: Overview
Blood banks are facilities used to collect blood and administer the same after screening in a process known as blood transfusion. As blood types differ between cohorts, it is essential that blood from one type goes to a recipient with the same type. Blood bank analyzers are equipment used to screen collected blood samples for type compatibility and superfluous material like infective agents, alcohol, toxic drugs etc. They use a variety of filters and testing equipment under one machine head to achieve this.
Blood transfusion needs to be done in any case in immediate need of blood. Trauma cases with severe hemorrhage are at most risk of this. A couple of chronic conditions too predispose to blood loss and thus make acute transfusion of blood necessary. Increased road connectivity has been necessary to establish given that most people today have enough disposable income for a private vehicle. Human inefficiency comes to play as the volume of vehicles increases and automation is yet to arrive on road networks. As per Transparency Market Research, the blood bank analyzers market should benefit from the above trends over the forecast period of 2020 to 2030
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Global Blood Bank Analyzers Market: Key Trends and Drivers
- The healthcare sector is expanding globally as not only diseases increase but so does demand for good patient care. Blood banks are an integral part of any healthcare setting, and hence the market for blood bank analyzers should grow steadily in the future owing to this trend.
- Worldwide, an estimated 1.3 million people are killed in road traffic crashes each year and as many as 78.2 million are injured. Projections indicate that these figures will increase by about 65% over the next 20 years as the number of private vehicles increase on roads. Looking at figures from the capital city of India, a staggering rise of 80% was witnessed in ownership of private vehicles between 2008 and 2018.
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Global Blood Bank Analyzers Market: Regional Analysis
North America and Europe are currently global leaders in the blood bank analyzers market. A robust healthcare infrastructure and the presence of well equipped trauma centers is responsible for such demand. Innovations in healthcare are really accepted among the regional population and this supports the usage of advanced analyzers that can find applications in research laboratories. A decreased dependence on private transportation coupled with automation in the automotive market should level off growth in the future.
The Asia Pacific region (APAC) is expected to register the fastest growth in this market in the coming years. A rising road connectivity coupled with dependence on private vehicles is expected to lead to more trauma cases that will need blood banks. Though healthcare infrastructure currently is not up to the mark of western standards, increasing investment in this sector should help keep demand steady for blood bank analyzers.
Global Blood Bank Analyzers Market: Competitive Landscape
A number of manufacturers are involved in the production of blood bank analyzers. This makes the market scenario fragmented. A few of these players are:
- Beckman Coulter
- Johnson & Johnson
- Orchid CellMark
- Proteome Sciences
These manufacturers recognise the potential demand for blood bank analyzers and are committed to increasing productivity for the same. Acquisition of smaller production facilities and investing in innovations in this area are some strategies they should adopt to help keep supply chains loaded for the future.
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