The Global Blood
Banking Devices Market, by Product Type (Blood Collection Devices (Blood
Collection Needles, Blood Collection Tubes (Serum Collection Tubes, Plasma
Collection Tubes, Heparin Tubes, and Other Tubes), Needles & Syringes,
Lancets, Vacuum Blood Collection System, Blood Bags, and Accessories), Blood
Processing Devices (Blood Grouping Analyzers, Blood Cell Processors, Blood
Filters, Centrifuges, and Others), and Blood Storage Devices (Blood Bank
Refrigerators and Blood Bank Freezers)), by Method of Collection (Manual Blood
Collection and Automated Blood Collection), End User (Blood Banks, Hospitals
and Other End Users), and Region (North America, Latin America, Europe, Asia
Pacific, the Middle East, and Africa) was valued US$ 28.1 billion in 2018 and
is projected to exhibit a CAGR of 7.4% over the forecast period (2018 - 2026).
Key players operating in the market are
adopting strategies such as mergers and acquisitions to gain competitive edge
in the blood banking devices market. For instance, in January 2017, Hologic,
Inc. completed the divestiture of its blood screening business to Grifols for
deal value of US$ 1.85 billion. This divestment will help Hologic to
significantly accelerate their financial flexibility. In January 2017, Werfen
and its subsidiary Instrumentation Laboratory (IL) announced the acquisition of
Accriva Diagnostics, a company engaged in in-vitro diagnostic (IVD) blood
testing at the point-of-care (POC), including their innovative product
portfolio spanning coagulation, platelet aggregation, CO-Oximetry, and incision
devices.
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Furthermore, in September 2016,
Instrumentation Laboratory (IL) announced the acquisition of CA Casyso AG and
its Tem subsidiaries, a company engaged in in-vitro diagnostic (IVD) testing
for Patient Blood Management (PBM) with their ROTEM testing systems.
Browse 30 Market Data Tables and
35 Figures spread through 182 Pages and in-depth TOC on ‘Blood Banking Devices
Market, by Product Type (Blood Collection Devices (Blood Collection Needles,
Blood Collection Tubes (Serum Collection Tubes, Plasma Collection Tubes,
Heparin Tubes, and Other Tubes), Needles & Syringes, Lancets, Vacuum Blood
Collection System, Blood Bags, Accessories), Blood Processing Devices (Blood Grouping
Analyzers, Blood Cell Processors, Blood Filters, Centrifuges, and Others), and
Blood Storage Devices (Blood Bank Refrigerators and Blood Bank Freezers)), by
Method of Collection (Manual Blood Collection and Automated Blood Collection),
End User (Blood Banks, Hospitals and Other End Users), and Region (North
America, Latin America, Europe, Asia Pacific, the Middle East, and Africa -
Global Forecast to 2026’
Key players in the blood banking
devices market are engaged in developing innovative strategies such as mobile
van blood banking, robotic blood collection system, and blood banking mobile
app to enable easy access to donors, which is expected to show lucrative
revenue growth over the forecast period. For instance, in May 2017, Poly
Medicure Ltd., manufacturer of medical devices in India, launched their blood
banking products in the Indian local market (Haryana), thereby expanding their
geographical presence in the local market. Moreover, in January 2017, Social
Capital, an NGO from Coimbatore, India launched an android app for blood
donation, with support from the Coimbatore Corporation and Sri Ramakrishna
Multi-specialty Hospital. Furthermore, this app will help hospitals and blood
banks to connect with donors. In September 2014, the American Red Cross
launched a blood donor app, which made it easier for people to track their
blood donations and schedule for new ones.
In April 2018, Immucor, Inc., a leader in transfusion and
transplantation diagnostics, received the U.S. Food and Drug Administration
(FDA) approval for their fully automated Echo instrument called as Echo Lumena.
Echo Lumena is Immucor’s fifth generation immunohematology instrument, which
offers faster and clearer blood compatibility result.
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Key takeaways of the Blood
Banking Devices Market:
The global blood banking devices
market is expected to expand at a CAGR of 7.4% during the forecast period (2018
– 2026), owing to increasing demand for blood and blood related components
Among product type, blood
collection devices segment accounted to register largest market share in
product type segment, owing to increasing demand for these devices and
necessity of these devices in blood component analysis at fully automated blood
banks and large blood donation centers
Among method of collection,
manual blood collection segment holds a major market share. Manual blood
collection systems are an easily accessible way for blood collection, which
augment the market share during the forecast period. However, due to continuous
advancements in blood banking associated devices, automated blood collection is
expected to show higher growth rate in the near future.
Among the End User segment, blood
banks accounted to hold higher market share during forecast period, owing to
their increased ability to offer large variety of blood units to associated
hospitals and clinics and their ability to handle extensive amount of blood
derived components, further processing and storage, for an extended
period.
Some of the major players
operating in the global blood banking devices market include Becton, Dickinson
and Company, Thermo Fisher Scientific Inc., Abbott Laboratories, Fresenius Kabi
AG, Beckman Coulter Inc. (Danaher Corporation), bioMérieux, Inc., China
Biologic Products Holdings, Inc., Immucor, Inc.(IVD Holdings, Inc.),
Instrumentation Laboratory Company, and F. Hoffmann-La Roche AG (Roche
Molecular Systems Inc.)
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