Medical Devices / Autotransfusion Device Market - Global Growth, Trends And Forecast (2022 - 2027) By Types, By Application, By Regions, And By Key Players: Becton Dickinson And Co (NYSE: BDX), Fresenius (ETR: FRE), Getinge AB (STO: GETI-B), Stryker (NYSE: SYK)
Autotransfusion Device Market - Global Growth, Trends and Forecast (2022 - 2027) By Types, By Application, By Regions, and By Key Players: Becton Dickinson and Co (NYSE: BDX), Fresenius (ETR: FRE), Getinge AB (STO: GETI-B), Stryker (NYSE: SYK)
Registering a CAGR of 5.4% over the forecast period, the market value of Autotransfusion devices is expected to reach US$ 380 million in the year 2027.
Autotransfusion Device Market Overview
An autotransfusion device is a mechanical device used to collect and re-infuse blood lost due to hemorrhage. Intra-operative, emergency, or post-operative salvage devices, as well as hemodilution devices used to re-infuse a patient's own blood, are examples of autotransfusion devices. The market for autotransfusion devices is expanding due to the increasing prevalence of orthopedic and cardiac surgery. Furthermore, as autotransfusion devices continue to evolve, the global autotransfusion device market is expanding.
The increasing number of surgical procedures, the increasing number of transplant procedures, the benefits of autotransfusion, and the scarcity of donated blood/allogeneic blood are driving the growth of this market. The rising number of surgical procedures around the world is expected to drive market growth during the forecast period. According to a CADI Research Foundation article, approximately 60,000 coronary bypass surgeries are performed in India each year. This is expected to drive market growth over the forecast period. Furthermore, the aging population, rising prevalence of chronic diseases, and increased demand for advanced blood management systems are expected to drive global market growth during the forecast period.
The report aspects discussed the profile of the top manufacturers of the global Autotransfusion Device market. These aspects include the financial status of major companies, trending advancements, and the entire market scenario. Growth of the report has examined Autotransfusion Device Market production, demand and growth potential, geographic analysis, as well as current market developments in various regions and countries.
Who are the Major Players in the Autotransfusion Device Market?
The global Autotransfusion Device includes the identification and analysis of the various market participants competing in the global market. Prominent competitors include Becton Dickinson and Co (NYSE: BDX), Brightwake Ltd., Fresenius (ETR: FRE), Getinge AB (STO: GETI-B), Haemonetics Corporation (NYSE: HAE), LivaNova PLC (NASDAQ: LIVN), Medtronic Plc. (NYSE: MDT), Stryker (NYSE: SYK) and others.
Industry News and Updates:
LivaNova has received FDA 510(k) clearance for B-Capta, the new in-line blood-gas monitoring system integrated into the S5 heart-lung machine.
Apr. 20, 2021— LivaNova PLC (NASDAQ: LIVN) announced that it has received FDA 510(k) clearance for B-Capta®, the new in-line blood-gas monitoring system integrated into the market-leading S5® heart-lung machine (HLM). The system is intended to monitor arterial and venous blood gas parameters easily and accurately, even during long and complex pediatric and adult cardiopulmonary bypass procedures. B-Capta, which received CE Mark in May 2020 and completed a successful limited commercial release in Europe, will now be available globally.
BD Introduces Platelet Quality Control Media to Help Reduce the Incidence of Sepsis in Platelet Transfusion Patients
April 8, 2019— BD (Becton, Dickinson, and Company) (NYSE: BDX), a global medical technology company, has announced the global availability of BD BACTECTM platelet quality control media, which enables microbiology laboratories, blood banks, and transfusion services to identify contaminated platelet units.
What are the major Applications, Types, and Regions for the Autotransfusion Device Market?
The market is segmented based on the type, applications, companies, and regions.
By Type, it is segmented into
On-pump Transfusion Devices
Off-pump Transfusion Devices
By Application, it is segmented into
Hospitals
Ambulatory Surgical Centers
Others
Factors Driving the Autotransfusion Devices Market:
The high prevalence of cardiac devices is a factor that contributes to the global growth of the autotransfusion device market. Furthermore, the absence of any risk of transfusion or transmitting devices is a significant factor driving the growth of the autotransfusion devices market. Furthermore, the absence of the risk of alloimmunization to blood cells accelerates the growth of the autotransfusion devices market. The inability to separate contaminations from blood cells, on the other hand, is expected to stymie the growth of the autotransfusion Devices market. Increasing adoption of full-body transfusion devices, on the other hand, is expected to provide lucrative opportunities during the forecast period.
Autotransfusion Device Market Regional Analysis
Throughout the forecast period, North America is expected to dominate the overall market. The presence of key players, a high number of surgeries in the region, and established healthcare infrastructure are some of the key factors responsible for its large market share. Furthermore, beneficial government initiatives and increased awareness of auto-transfusion due to a lack of allogenic blood in the region are expected to drive market growth. Because of supportive healthcare policies and a developed healthcare market, the United States has the largest share in this region.
North America
US
Canada
Europe
Germany
France
UK
Italy
Spain
Rest of Europe
Asia-Pacific
China
Japan
India
Australia
South Korea
Rest of Asia-Pacific
Rest of the World
Middle East & Africa
Latin America
The Autotransfusion Device Market describes the factors driving the global growth opportunities in upcoming years and highlights market channels. In addition, the report analyzes market size and share, trends, by geographic region, end-use type, and segment. It focuses extensively on revealing a detailed regional analysis. The Global Autotransfusion Device Market report also conducted a PESTEL analysis of the industry to study the main influencing factors and entry barriers of the industry.
What is our Autotransfusion Device Market report scope?
Scope of the Report covers the Autotransfusion Device Market with a detailed analysis of the overall scenario for the market. It also highlights the business participants’ environment in the global marketplace. This report also provides an overview of leading companies covering the latest successful marketing strategies, market contributions, current and historical background, and latest market happenings to help key organizations to grow and generate larger profits. Business players will greatly benefit from this Autotransfusion Device Market analysis report as it has vital details to provide about regional markets and expected opportunities for the prediction time period 2022-2027. Growth between segments is used to understand the different growth factors that are expected to dominate the market as a whole and to develop strategies to differentiate between key applications and target markets. It further reveals how the worldwide market is working through efficient information graphics.
Report Attributes
Report Details
Report Title
Autotransfusion Device Market - Global Growth, Trends and Forecast (2022 - 2027) By Types, By Application, By Regions, and By Key Players: Becton Dickinson and Co (NYSE: BDX), Fresenius (ETR: FRE), Getinge AB (STO: GETI-B), Stryker (NYSE: SYK)
Yes, the report can be customized as per your needs
Key Takeaways from this Autotransfusion Device Report
Evaluate Autotransfusion Device market potential through analyzing growth rates (CAGR %), Volume (Units), and Value ($M) data given at the country level - for product types, end-use applications, and different industries verticals.
Understand the different dynamics influencing the market - growth driving factors, specific challenges, and hidden opportunities.
Get in-depth insights on your competitor’s performance – revenue, shares, business strategies, financial benchmarking, product benchmarking, SWOT analysis, and more.
Analyze the sales and distribution channels across geographies to enhance top-line revenues.
Understand the demanding supply chain with a deep dive on the value augmentation at each, in order to optimize value and bring efficiencies to your processes.
Get a quick outlook on the Autotransfusion Device market entropy – M&As, deals, partnerships, and product launches of all key players for the past 5 years.
Evaluate the import-export statistics, supply-demand, and competitive landscape for more than the top 20 countries globally for the market.
Frequently Asked Questions
What is the study period of this market?
The Autotransfusion Device Market is studied from 2017 - 2027.
What is the growth rate of the Autotransfusion Device Market?
The Autotransfusion Device Market is growing at a CAGR of 5.4% over the next 5 years.
Who are the key players in Autotransfusion Device Market?
What are the major end-use applications of Autotransfusion Device Market?
Hospitals, Ambulatory Surgical Centers, Others
All our reports are custom made to your company’s needs to a certain extent, we do provide 5 free consulting hours along with the purchase of each report, and this will allow you to request any additional data to customize the report to your needs.
INTRODUCTION
MARKET DEFINITION
MARKET DYNAMICS
MARKET SEGMENTATION
REPORT TIMELINES
KEY STAKEHOLDERS
RESEARCH METHODOLOGY
DATA MINING
SECONDARY RESEARCH
PRIMARY RESEARCH
SUBJECT MATTER EXPERT ADVICE
QUALITY CHECK
FINAL REVIEW
DATA TRIANGULATION
BOTTOM-UP APPROACH
TOP-DOWN APPROACH
RESEARCH FLOW
EXECUTIVE SUMMARY
INTRODUCTION
GLOBAL AUTOTRANSFUSION DEVICE MARKETBY APPLICATION
GLOBAL AUTOTRANSFUSION DEVICE MARKET BY TYPES
MARKET DYNAMICS
DRIVERS
INCREASING DEMAND FOR AUTOTRANSFUSION DEVICE RESTRAINTS
STRINGENT ENVIRONMENTAL REGULATIONS
HIGH COST OF RAW MATERIAL
OPPORTUNITIES
AUTOTRANSFUSION DEVICE GROWTH
APPLICATION OF AUTOTRANSFUSION DEVICE
IMPACT OF COVID 19
GLOBALAUTOTRANSFUSION DEVICEMARKET, BY TYPES
INTRODUCTION
ON-PUMP TRANSFUSION DEVICES
OFF-PUMP TRANSFUSION DEVICES
GLOBAL AUTOTRANSFUSION DEVICEMARKET, BY APPLICATION
SECONDARY RESEARCH Secondary Research Information is collected from a number of publicly available as well as paid databases. Public sources involve publications by different associations and governments, annual reports and statements of companies, white papers and research publications by recognized industry experts and renowned academia etc. Paid data sources include third party authentic industry databases.
PRIMARY RESEARCH Once data collection is done through secondary research, primary interviews are conducted with different stakeholders across the value chain like manufacturers, distributors, ingredient/input suppliers, end customers and other key opinion leaders of the industry. Primary research is used both to validate the data points obtained from secondary research and to fill in the data gaps after secondary research.
MARKET ENGINEERING The market engineering phase involves analyzing the data collected, market breakdown and forecasting. Macroeconomic indicators and bottom-up and top-down approaches are used to arrive at a complete set of data points that give way to valuable qualitative and quantitative insights. Each data point is verified by the process of data triangulation to validate the numbers and arrive at close estimates.
EXPERT VALIDATION The market engineered data is verified and validated by a number of experts, both in-house and external.
REPORT WRITING/ PRESENTATION After the data is curated by the mentioned highly sophisticated process, the analysts begin to write the report. Garnering insights from data and forecasts, insights are drawn to visualize the entire ecosystem in a single report.
