Rising demand to administer antibody rich blood, especially during COVID-19, has stimulated demand for checking quality and efficacy
Rising demand to administer antibody rich blood, especially during COVID-19, has stimulated demand for checking quality and efficacy
Fact.MR, Rockville MD: Fact.MR’s ongoing blood bank analyzers market study expects a significant in 2021 and beyond, majorly attributed to the increasing volumes of blood testing for determining the presence of potential antibodies. This trend has become especially evident, given the onslaught of the COVID-19 pandemic throughout 2020. A steady growth rate is projected for this market in the long-term forecast period until 2031.
In recent years, blood banks to carry out bulk testing of blood types have increased. According to the World Health Organization, about 118.4 million blood donations are collected worldwide. Two-fifth of these donations are collected from high-income countries, which comprise 16% of the world’s population. In low-income countries, over half of all blood transfusions are administered to children below 5 years of age. As of 2018, over 70% of all countries had a national blood policy.
Based on these statistics, growth prospects for blood bank analyzers are ever widening. As the number of transfusions are increasing, concerns regarding their efficacy and reliability are also rising. Documented instances of contamination during transfusion have prompted deployment of advanced analyzers to prevent any adverse impacts in patients.
“Growing prevalence of various genetic disorders such as sickle cell diseases and thalassemia are prompting increased blood testing and donation requirements, leading to enhanced deployment of robust analyzers to check the blood typing and quality,” says a Fact.MR analyst.
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Key Takeaways from Fact.MR’s Blood Bank Analyzers Study
- Fully automatic blood bank analyzers are expected to be highly preferred due to higher accuracy rates
- Ascertaining blood typing is expected to emerge as the primary application area
- Demand across blood banks is anticipated to incline significantly in the long-term
- Rising number of blood banks to bolster analyzer sales across the US market
- UK to experience high sales amid burgeoning spending to advance primary healthcare
- High incidence of sickle cell disease (SCD) amongst infants to accelerate blood testing in Germany, stimulating growth
- India & China to register rising sales, amid growing demand for blood testing for determining thalassemia incidence
Blood Bank Analyzers Market- Prominent Drivers
- Growing awareness about blood transfusion related complications to heighten blood bank analyzers prospects
- Future sales are likely to be supported by rising preference for fully automated immunohematology devices
- Emergence of adequately equipped diagnostic laboratories is inclining the need for blood bank analyzers across prominent regions
Blood Bank Analyzers Market- Key Restraints
- High investment costs related to establishment of blood banks to restrain uptake across developing regions
- Mounting concerns over blood safety due to automation is expected to hinder sales of blood bank analyzers
Discover more about blood bank analyzers market with figures, data tables and the table of contents. You will also find detailed market segmentation on https://www.factmr.com/report/3929/blood-bank-analyzers-market
Competitive Landscape
Some of the key players operating in the blood bank analyzers market are Thermo Fisher, Ortho Clinical Diagnostics, Hologic, Siemens Healthineers GmbH, Abbott, BioMerieux, BD (Becton Dickinson), Bio-Rad Laboratories, Inc., Fujirebio and Immucor among others.
Thermo Fisher Scientific is a leading blood bank analyzer market player. It offers the CryofugeTM 5500i Refrigerated Blood Processing Model Centrifuge, capable of spinning upto eight blood bags- from doubles to 500 mL quints with in line filters. This solution is widely deployed across hospital blood banks and laboratories, satellite blood processing centers and clinical reference labs.
Similarly, Siemens Healthineers manufactures its RAPIDPoint® 500 Blood Gas Analyzer for pleural fluid pH measurement, providing important infusion regarding pleural diagnostics. The solution is highly effective in facilitating the measurement of critical care parameters such as blood gas, electrolytes and metabolites among other functions.
More Insights on the Blood Bank Analyzers Market
In its latest report, Fact.MR offers unbiased analysis of the global blood bank analyzers market. In order to understand the global market potential, its growth, and scope, the market is segmented on the basis of product type (semi-automatic analyzers and fully automatic analyzers), application (blood typing and antibody screening) and end user (blood banks, hospitals and diagnostic & reference labs) across seven regions (North America, Latin America, Europe, East Asia, South Asia, Oceania and Middle East & Africa)
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