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Blood Preparation Market size projected to grow at around 4% CAGR between 2016 and 2023: Global Market Insights Inc. Fuel Cell Market size worth $25.5bn by 2024 Low Power Wide Area Network
Regional Analysis of Blood Preparation Market: • The global blood preparation market is divided into various segments based on product, anti-coagulant and anti-thrombotics types and their applications. • North America was the largest regional segment and was estimated at over USD 24 billion in 2015. • Asia Pacific blood preparation market share is estimated to exhibit the fastest growth rate till 2023, driven by positive government initiatives, growing healthcare infrastructure in Australia and Japan, and untapped growth potential in densely populated countries such as India and China.
Application Analysis of Blood PreparationMarket: • Growing demand for blood transfusion and other components owing to the rising number of patients in emergency departments is forecast to drive growth. • Increase in occurrence of disorders such as thrombocytosis globally along with a requirement of blood during surgical procedures, accidents and treatment of diseases are also major industry drivers. • The development of high speed and efficient technology for separation of blood components without losing their activity will drive growth. • Key drugs such as Urokinase being relaunched in the North American region, launch of new oral anti-coagulants and commercialization of new drugs, growing geriatric population and increasing healthcare expenditures along with considerable untapped opportunities will also fuel blood preparation market growth.
Competitive Market Share of Blood Preparation Market : • The direct factor Xa inhibitor market comprising of newly introduced oral products such as Eliquis, Savayasa and Xarelto is projected to witness high growth in the coming years. • Major players in the blood preparation market include pharma companies such as Pfizer Inc., GlaxoSmithKline PLC, Leo Pharma Inc., Sanofi Aventis, Celgene Corp, Baxter Healthcare Corp., Bristol-Myers Squibb Co., Shandong East Chemical Industry Co. and AstraZeneca Co. Being a technology driven industry, companies invest heavily in R&D to develop new, cost effective and efficient drugs for the treatment of various disorders.
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