Artificial Blood Substitutes Market To Observe Highest CAGR Growth Of 25.6% By 2028 | Growth, Trends, Share, Size And Key Player Analysis

Artificial Blood Substitutes Market study by “Data Bridge Market Research” provides details about the market dynamics affecting the Artificial Blood Substitutes market, Market scope, Market segmentation and overlays shadow upon the leading market players highlighting the favourable competitive landscape and trends prevailing over the years. Artificial Blood Substitutes market research report acts as a valued source of information with which businesses can achieve a telescopic view of the current market trends, consumer’s demands and preferences, market situations, opportunities and market status. The report encompasses a thorough study of current situation of the global market along with several market dynamics. Moreover, it also displays all the information including market definition, classifications, key developments, applications, and engagements along with the detailed actions of key players with respect to product launches, joint ventures, developments, mergers and acquisitions and effects of the same in terms of sales, import, export, revenue and CAGR values.

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.

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Leading Key Players Operating in the Artificial Blood Substitutes Market Includes:

  • HEMARINA
  • Hemoglobin Oxygen Therapeutics LLC
  • KaloCyte, Inc., LLC
  • European Medicines Agency
  • OPK Biotech LLC
  • NuvOx Pharma
  • Prolong Pharmaceuticals, LLC
  • Boston Therapeutics, Inc
  • Aurum Biosciences
  • OXYVITA

Key Market Analysis and Insights:

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.

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.
  • In May 2020, KaloCyte, Inc. awarded by the National Institutes of Health (NIH) a USD 373,000 Small Buisness Innovation Resaerch (SBIR) Phase I grant. This grant helped the company in advancing KaloCyte product to preclinical safety and efficacy testing in anticipation of human trails.

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Global Artificial Blood Substitutes Market Scope and Market Size

The global artificial blood substitutes market is segmented on the based on the product type, source, application and end user. The growth among segments helps you analyse niche pockets of growth and strategies to approach the market and determine your core application areas and the difference in your target markets.

  • On the basis of product type, the global artificial blood substitutes market is segmented into perflurocarbon (PFCs) and hemoglobin-based oxygen carriers (HBOCs). Perflurocarbon (PFCs) is further segmented into perftoran. Hemoglobin-based oxygen carries (HBOCs) is further segmented into oxyglobin and hemopure. In 2021, the hemoglobin-based oxygen carriers (HBOCs) segment is expected to dominate the artificial blood substitutes market due to rising demand for blood sustitutes which eliminates the blood typing and to overcome the shortage of human blood.
  • On the basis of source, the global artificial blood substitutes market is segmented into human blood, animal blood, microorganism based recombinant HB, synthetic polymers and stem cells. In 2021, the animal blood segment is expected to dominate the artificial blood substitutes market due to availability of ample amount of source to produce artificial blood.

Artificial Blood Substitutes Market, By Region:

The artificial blood substitutes market is analysed and market size information is provided by the country, product type, source, application, and end user as referenced above.

The countries covered in the artificial blood substitutes market report are the U.S., Mexico, France, Russia, Netherlands, rest of Europe, China, rest of Asia-Pacific, , South Africa, and rest of Middle East and Africa

Product type segment in U.S. country is expected to grow with the highest growth rate in the forecast period of 2021 to 2028 because of increase in demand for blood transfusion with rising number of patients. The product type segment in France is dominating market owing to limited availability of human blood to treat rising number of patients. South Africa is leading the growth of the global market for product type segment is dominating in this country due to increase in the incidence of trauma cases and blood related diseases in the country.

The country section of the report also provides individual market impacting factors and changes in regulation in the market domestically that impacts the current and future trends of the market. Data points such as new sales, replacement sales, country demographics, regulatory acts, and import-export tariffs are some of the major pointers used to forecast the market scenario for individual countries. Also, presence and availability of global brands and their challenges faced due to large or scarce competition from local and domestic brands, impact of sales channels are considered while providing forecast analysis of the country data.

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What are the market opportunities, market risks, and market overviews of the Artificial Blood Substitutes Market?

  • Who are the distributors, traders, and merchants in the Artificial Blood Substitutes Market?
  • What is the analysis of sales, income, and prices of the leading manufacturers in the Artificial Blood Substitutes Market?
  • What are the Artificial Blood Substitutes market opportunities and threats faced by the global Artificial Blood Substitutes Market vendors?
  • What are the main factors driving the worldwide Artificial Blood Substitutes Industry?
  • What are the Top Players in Artificial Blood Substitutes industry?
  • What is the analysis of sales, income, and prices by type, application of the Artificial Blood Substitutes market?
  • What is regional sales, income, and price analysis for Artificial Blood Substitutes Market?

Competitive Landscape and Artificial blood substitutes Market Share Analysis

Artificial blood substitutes market competitive landscape provides details by competitor. Details included are company overview, company financials, revenue generated, market potential, investment in research and development, new market initiatives, production sites and facilities, company strengths and weaknesses, product launch, product trials pipelines, product approvals, patents, product width and breadth, application dominance, technology lifeline curve. The above data points provided are only related to the company’s focus related to the artificial blood substitutes market.

Table of Contents –

Global Artificial Blood Substitutes Market Size, status and Forecast to 2029

1. Introduction

2. Market Segmentation

3. Executive Summary

4. Premium Insights

5. Patent Analysis of Global Artificial Blood Substitutes Market

6. Global Artificial Blood Substitutes Market: Pipeline Analysis

7. Market Overview

8. Impact of Covid-19 on the Global Artificial Blood Substitutes Market

9. Global Artificial Blood Substitutes Market, By Type

10. Global Artificial Blood Substitutes Market, By Source

11. Global Artificial Blood Substitutes Market, By Application

12. Global Artificial Blood Substitutes Market, By End User

13. Global Artificial Blood Substitutes Market, By Region

14. Global Artificial Blood Substitutes Market: Company Landscape

15. SWOT

16. Company Profile

17. Questionnaire

18. Related Reports

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Browse Regional Reports of Artificial Blood Substitutes Market:

Asia-Pacific Artificial Blood Substitutes Market Industry Trends and Forecast to 2028 | https://www.databridgemarketresearch.com/reports/asia-pacific-artificial-blood-substitutes-market

North America Artificial Blood Substitutes Market Industry Trends and Forecast to 2028 | https://www.databridgemarketresearch.com/reports/north-america-artificial-blood-substitutes-market

Europe Artificial Blood Substitutes Market Industry Trends and Forecast to 2028 | https://www.databridgemarketresearch.com/reports/europe-artificial-blood-substitutes-market

Middle East and Africa Artificial Blood Substitutes Market Industry Trends and Forecast to 2028 | https://www.databridgemarketresearch.com/reports/middle-east-and-africa-artificial-blood-substitutes-market

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