Demand for blood and blood products
are increasing globally with increase in the spread of infectious diseases
through donated bloods. Increase in the number of surgical procedures such as
open heart surgeries gives a boost to the blood processing supplies and
equipment market. The average adult body contains between 4.7 and 5.2 liters of
blood and a significant amount of blood is lost during critical surgeries and
traumatic incidences. This phenomenon results into high rate of mortality.
Thus, to decrease the death rate because of loss of blood, transfusion
techniques came into existence in 1900s.
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Blood transfusion is the process of
transfer of blood and its components from one person to another person’s blood
stream. Blood supplies form an important part of hematologic care. It is
estimated that every year in the U.S. more than 18 million units of red blood
cells, plasma, platelets are transfused to treat hematologic diseases such as
severe leukemia, anemia and sickle cell disease. However, regular transfusions
have been associated with risk to patients, especially clotting factor
concentrates and spread the virus quickly. Thus, this prompted the demand for
development of improved blood collection and processing equipment.
With the increase in aging
population which is mostly prone to many hematological conditions, will likely
increase the blood demand and hence drive the blood supplies market. However,
it is estimated that in the next 5 to 10 years, blood supply needs to be
increased in developed countries to meet the rapidly growing demand. Thus, to
meet the continuous need for blood, newer techniques of refrigeration and
plasma storage have been formulated. Blood banks have become a standard part of
medical practice for catering the blood needs of patients.
It has also been observed that
surgeries continue to get cancelled due to the defects in the equipment used to
collect the blood. The blood which has already been distributed in hospitals
bears risk of developing bacterial growth due to air exposures. Thus, in order
to avoid the risk of acquiring transfusion transmitted diseases and to meet the
unmet demands of blood and blood components, manufacturers are coming up with
highly complicated automated blood collection machines, refrigerators,
freezers, bags, needles, tubes, donor sets, hematocrit centrifuges, reagents
and vials for avoiding contamination.
Growth in this market will also be
supported by the strong efforts being made by the blood collections
organizations that encourages blood donation. In addition, the growing
popularity of synthetic blood products will also drive the market growth. Some
of the key players in the blood processing supplies and equipment market are
Beckman Coulter, Fresenius Kabi AG, Terumo BCT and others.
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