This infographic on the global blood transfusion market shows a segmented analysis of the industry from past to present and gives a look into its future. Inside, you will see what has been changing within the sector over time as well as projected figures for 2020 and 2025.
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Market size trends
Market trends in blood transfusions vary in each region due to the different regulatory frameworks and hospital practices. Globally, according to the market analysis report by Transparency Market Research, the serum separation market is expected to grow from US$8.5 billion in 2017 to US$13.1 billion by 2023 (~16%). However, developing Asia-Pacific countries or China (which has the biggest blood products market after U.S) are estimated to dominate the global blood products market with revenue of US$3884 billion and revenue hike of 16% during this period.
Industry analysis and forecast to 2025
The global blood transfusion market will create revenues totaling $46.8 billion by the year 2025. Increased demand for transfusions from ever growing populations in emerging markets, increased government funding, increasing organ demand and liberalizing public policy support are some of the key factors driving the growth of this industry.
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Injectable growth factors (IGF-1, HGH, etc) are in high demand and expected to grow at the exponential rate. This makes innovative technologies such as digital blood transfusion a relatively new procedure that offers competitive efficacy and convenience.
Additional market research
The blood transfusion market report provides key insights of the market and its trends. Alongside the research, is an Expected Market Size by Region, End-use Industry by Type, Segment Attractiveness analysis, and more.”