Wilmington, Delaware, United States, Transparency Market Research Inc.: Increase in the number of cardiac patients across the globe has created a notable rise in the need for autotransfusion of patients, thereby driving the demand for autotransfusion devices.
Wilmington, Delaware, United States, Transparency Market Research Inc.: Increase in the number of cardiac patients across the globe has created a notable rise in the need for autotransfusion of patients, thereby driving the demand for autotransfusion devices. Thus, surge in the cardiac cases globally is projected to generate substantial sales opportunities in the global autotransfusion devices market in the upcoming years.
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Autotransfusion devices are also used in different other surgery types such as orthopedics, hemorrhage, gynecology, and neurology. Thus, increase in number of these surgeries is foreseen to fuel the sales prospects for companies operating in the global autotransfusion devices market in the years to come.
Autotransfusion devices offer a wide range of advantages such as absence of isosensitization, less possibility of infection transmission, and superior oxygen transfer. Off-pump transfusion device and on-pump transfusion device are the key product types available in the global autotransfusion devices market.
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Autotransfusion devices are used in ambulatory surgical centers, cardiac research centers, and hospitals. Of them, manufacturers are experiencing remarkable demand opportunities from ambulatory surgical centers from all across the globe.
North America is projected to contribute major revenue share in the global autotransfusion devices market owing to many factors such as presence of sizable cardiac patient pool and sturdy healthcare infrastructure.
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Several key companies operating in the global autotransfusion devices market are Haemonetics, Fresenius Kabi, Medtronic, LivaNova, Stryker, and Terumo Corporation. These players in the market for autotransfusion devices are increasing focus on new product launches and introduction of innovative features in their existing products. As a result, they are seen investing heavily in the R&D projects.
Many enterprises are actively participating in mergers, acquisitions, partnerships, collaborations, expansion of production capabilities, and increasing presence in newer regions. These activities are supporting companies in strengthening their position in the global autotransfusion devices market.
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Major manufacturers operating in the global autotransfusion devices market are strategizing their moves in order to sustain their businesses in continuously challenging situations occurring due to many waves of the COVID-19 pandemic. They are seen continuing key business activities by following as social distancing regulations compelled by the regional government authorities.
Advancements in medical science have led manufacturers to develop various devices and medical equipment, human life betterment being the sole purpose. Such is the case with blood transfusion, where manufacturers have come up with devices that allow efficient and infection free transfusion. Autotransfusion devices are gaining high acceptance owing to benefits such as infection transmission, better transfer of oxygen and absence of isosensitization. With increasing occurrence of cardiac diseases across the globe, the need for autotransfusion has risen, thus pushing the demand for autotransfusion devices. As per American Heart Association, more than 80 million people across the globe are victims of heart problems, which is result of unbalanced diet, increasing stress and change in lifestyle, which results in hemorrhage. Moreover, allogenic blood transfusion used in cardiac surgery results in higher blood loss. This aspect coupled with growing incidences of heart problems and cardiac surgeries has resulted in adoption of advanced transfusion systems, thus propelling the growth in use of autotransfusion devices among several end users such as hospitals and ambulatory surgical centers.
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According to the analytical research done by Transparency Market Research, the global market for autotransfusion devices is projected to expand at a stellar pace in the years to follow. This market growth is triggered by increasing use of autotransfusion devices in hospitals and cardiac research centers. The global market for autotransfusion devices is expected to rise at a CAGR of 6.9% during the period of forecast, 2017-2026.
Medical device manufactures all over the world are continually striving to invent and introduce additional features in their products. For example, Fresenius Kabi has come up with a continuous autotransfusion method that permits continuous flow of blood eliminating fat content from blood. Players involved in developing autotransfusion devices include Fresenius Kabi, Haemonetics, LivaNova, Medtronic, Terumo Corporation, Stryker, Atrium Medical and Advancis Surgical.
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