Global Artificial Blood Substitutes Market – Industry Trends and Forecast

1. Data Bridge Market Research published a new report, titled, “Artificial blood substitutes Market” Global Growth, Trends, Opportunities And Revenue Analysis” Market Analysis and Insights: Global Artificial Blood Substitutes Market The artificial blood substitutes market is expected to gain market growth in the forecast period of 2021 to 2028. Data Bridge Market Research analyses that the market is growing with a CAGR of 25.6% in the forecast period of 2021 to 2028 and is expected to reach USD 30,560.42 thousand by 2028. Limited availability of fresh blood and its short life span coupled with increasing demand for blood transfusion and increased funding for development of blood substitutes acts as drivers for the artificial blood substitutes market growth. Artificial blood substitutes are also known as oxygen therapeutics or haemoglobin-based oxygen carriers. It is used to mimic the function of biological blood and to offer a substitute to blood transfusion. Artificial blood are used as a solution to replace transfusion of banked red blood cells and are designed to overcome the limitations such as shortage of blood sonor, high risk contamination, requirement of cross matching. The allogenic blood transfusions has multiple risks and can cause infectious transmission, transfusion reactions, transfusion related acute lung injury, delayed postoperative wound healing, immunomodulation and potential risk of cancer recurrence. It offers the promise of new and important life-saving medical treatments. Download Exclusive Sample of this Premium Report With Charts and Graphs @ https://www.databridgemarketresearch.com/request-a-sample/?dbmr=global-artificial-blood-substitutes- market Leading Companies Operating at both regional and global levels: Competitive Landscape and Artificial blood substitutes Market Share Analysis The major companies which are dealing in the artificial blood substitutes are HEMARINA, Hemoglobin Oxygen Therapeutics LLC, KaloCyte, Inc., LLC “Visusmed”, European Medicines Agency, OPK Biotech LLC, NuvOx Pharma, Prolong Pharmaceuticals, LLC, Boston Therapeutics, Inc., Aurum Biosciences, OXYVITA Inc, NanoBlood LLC among other domestic players. DBMR analysts understand competitive strengths and provide competitive analysis for each competitor separately. Many expansion and funding are also initiated by the companies’ worldwide which are also accelerating the artificial blood substitutes market. For instance, In November 2020, Hemarina published a scientific report for anti-inflammatory and antibacterial property of M 101, an oxygen transporter for the treatment of periodontitis. This study has validated the quality of M 101 molecolue, which is derived from haemoglobin of the marine lugworm. In June 2020, KaloCyte, Inc. received a USD 300k funding from University System of Maryland (USM) Momentum Fund for developing ErythroMer, a synthetic, bio-inspired red blood substitute. This funding has helped the company in developing the ErythroMer at much faster pace.

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3. Client satisfaction: The team at Data Bridge Market Research will assist with all research requirements and offer customized or syndicate report Inimitable Expertise: Analysts will offer in-depth insights into this global Market Analysts Support: Get instant query resolved by the expert's pre and post- purchase of this Market report Thanks for reading this article; you can also get individual chapter wise section or region wise report versions like North America, Europe, or Asia Etc.