Pune, Jan. 06, 2020 (GLOBE NEWSWIRE) -- The global Autotransfusion Devices Market size is predicted to reach USD 320.5 million by 2026, exhibiting a CAGR of 3.2% during the forecast period. The shortage of allogeneic blood and surge in invasive surgeries in developed as well as developing countries will boost the Autotransfusion Devices Market trends in the forthcoming years. According to a survey conducted by World Health Organization (WHO) in 2016, the patient group over 60 years had the highest consumption of allogeneic blood, accounting for an estimated 79.0% of the total blood transfusion that took place in the developed regions. Moreover, the increasing number of surgical procedures and surge in critical injuries are factors expected to fuel demand for autotransfusion devices in the foreseeable future.
According to the report, published by Fortune Business Insights in a report, titled “Autotransfusion Devices Market Size, Share & Industry Analysis, By Product Type (Autotransfusion Systems and Consumables & Accessories) By Application (Cardiovascular Surgeries, Orthopedic Surgeries, Neurological Surgeries, Obstetrics & Gynecological Surgeries, and Others) By End User (Hospitals and Specialty Clinics & Others) and Regional Forecast, 2019-2026” the market size was valued at USD 249.2 million in 2018. The report offers valuable insights into all the dominating trends of the global Autotransfusion Devices Market size. It provides a comprehensive synopsis of all the segments and shares analytical statistics on all the regions of the market. The report is put together after a wide-ranging investigation followed by insightful exploration to aid companies, stakeholders, financers, and potential investors. The report provides a clear depiction of the market size to help our readers acknowledge all the potential threats in the market. Besides, it also covers all the latest advancements and development, product launches, acquisitions, and collaborations & partnerships that took place in recent times.
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Rising Number of Surgical Procedures to Present Lucrative Opportunities for the Market
The increasing number of surgical procedures due to the utilization of intraoperative & postoperative cell salvage will bolster healthy growth of the market during the forecast period. The rising awareness regarding the complications associated with allogeneic transfusions will contribute positively to the growth of the Autotransfusion Devices Market in the forthcoming years. The rising number of high-bleeding surgeries among patients in developed as well as developing countries will also foster the growth of the market in the forthcoming years. Additionally, the increasing cases of hip and knee replacements are predicted to fuel demand for autotransfusion devices, which, in turn, will boost the Autotransfusion Devices Market revenue. According to a study conducted by the Department of Surgery, University of Pennsylvania, Philadelphia, US, the number of open hernia procedures surged to an estimation of 12.0% during 2009-2013 in the U.S. Moreover, the growing cases of cesarean section procedures will accelerate Autotransfusion Devices Market share in the foreseeable future. For instance, according to OECD, the number of cesarean section procedures in the UK grew from 204,057 in 2016 to 206,620 in 2017.
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Robust Healthcare Infrastructure to Boost Revenue in North America
North America generated a revenue of USD 125.8 million in 2018 and is projected to remain dominant in the Autotransfusion Devices Market during the forecast period. The rising inclination towards autologous blood transfusion in major cardiovascular & orthopedic surgeries will support the growth of the autologous blood transfusion devices market in North America. The developed healthcare infrastructure will further contribute to the growth of the market in North America. In Europe, the rapidly increasing number of surgeries coupled with a strong emphasis on the adoption of intraoperative and postoperative cell salvage techniques are likely to offer substantial growth opportunities for the market. Additionally, growing efficiency in blood transfusion devices in countries such as the UK, France, Germany, and others will further foster the growth of the market in Europe. According to a study conducted by Cochrane in 2010, the use of autotransfusion systems in orthopedic and cardiovascular surgical procedures showed an average saving of 0.7 units of blood per patient. These factors together are expected to aid the expansion of the market in Europe.
List of the Major Companies in the Autotransfusion Devices Market are:
- Haemonetics Corporation
- LivaNova PLC
- Medtronic
- Fresenius SE & Co. KGaA
- BD (Becton, Dickinson, and Company)
- Beijing Jingjing Medical Equipment Co., Ltd.
- Other Prominent Players
Detailed Table of Content:
- Introduction
- Research Scope
- Market Segmentation
- Research Methodology
- Definitions and Assumptions
- Executive Summary
- Market Dynamics
- Market Drivers
- Market Restraints
- Market Opportunities
- Key Insights
- Key Industry Developments- Partnerships, Mergers and Acquisitions
- Number of Cardiovascular Procedures for Key Countries, 2018
- Number of Orthopedic Procedures for Key Countries, 2018
- Number of Obstetrics & Gynecological Procedures for Key Countries, 2018
- Global Autotransfusion Devices Market Analysis, Insights and Forecast, 2015-2026
- Key Findings / Summary
- Market Analysis, Insights and Forecast – By Product Type
- Autotransfusion Systems
- Consumables & Accessories
- Market Analysis, Insights and Forecast – By Application
- Cardiovascular Surgeries
- Orthopedic Surgeries
- Neurological Surgeries
- Obstetrics & Gynecological Surgeries
- Others
- Market Analysis, Insights and Forecast – By End User
- Hospital
- Specialty Clinics & Others
- Market Analysis, Insights and Forecast – By Region
- North America
- Europe
- Asia pacific
- Rest of the World
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