Patient Blood Management Market 2020-2027 : Size, Industry Share, Demand, Growth and Key Players Analysis
Global Patient Blood Management Market was valued at USD 10.22 billion in 2019 which is expected to reach USD 16.88 billion by 2027 at a CAGR 7.8%.
Patient blood management is also called as (PBM) and it is standard plan for management of a patient’s blood to reduce the blood loss during surgery, optimize patient blood, and optimize tolerance of anemia. Patient blood management is a standard care plan which is performed by medical practitioners for patients.
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Market Drivers
Increase in prevalence of targeted diseases is the driving factor which is expected to drive the global patient blood management market growth. Furthermore, rise in awareness regarding blood donation among people will have the positive impact on global patient blood management market growth. For instance, in 2017, according to National Health Commission (NHC) around 14.59 million people had donated blood across the world. Moreover, increase in demand for donated blood across the world which is expected to fuel the global patient blood management market growth. Also, increase in technological advancements is expected to propel the growth of patient blood management industry during this forecast period.
Market Restraints
However, high cost of automated systems is the restraining factor which is expected to hamper the global patient blood management market.
Market Segmentation
Global Patient Blood Management Market is segmented into product such as Blood Transfusion Devices, Blood Processing Devices, Diagnostic and Testing Instruments, Blood Storage Devices, and Blood Culture Screening Devices, by component such as Plasma, and Whole Blood. Further, Global Patient Blood Management Market is segmented into end user such as Diagnostic Clinic & Pathology Labs, Hospitals, and Blood Banks.
Also, Global Patient Blood Management Market is segmented into five regions such as North America, Latin America, Europe, Asia Pacific, and Middle East & Africa.
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Market Taxonomy
By Product
- Blood Transfusion Devices
- Blood Processing Devices
- Diagnostic and Testing Instruments
- Blood Storage Devices,
- Blood Culture Screening Devices
By Component
- Plasma
- Whole Blood
By End User
- Diagnostic Clinic & Pathology Labs
- Hospitals
- Blood Banks
By Region
- North America
- Latin America
- Europe
- Asia Pacific
- Middle East & Africa
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