$36.76 Billion Global Blood And Blood Components Market Size, Growth, Segmentation And Forecast Report
The Business Research Company’s Blood
And Blood Components Market covers market characteristics, size and
growth, segmentation, regional and country breakdowns, competitive landscape,
market shares, trends and strategies for this market.
The blood and blood components market
consists of sales of blood and blood component. The market involves collection
of donor's blood and segregating it into required components for the purpose of
therapy.
Major players in the market are American Red Cross, Australian Red Cross
Blood Service, Abbott Laboratories, Blood Centers of America, Becton, Dickinson
& Co.
The blood and blood components
market is being driven by increasing incidence of trauma and road accidents.
Sometimes, because of traumas such as hemorrhage, the volume of blood is
reduced to a very low level and cannot be replaced fast enough by the body.
Also, road accidents cause excessive blood loss from the body that has to be
restored immediately. At times, the blood itself lacks a few components as in
the case of hemophilia. All these conditions demand transfusion of blood and
blood components into the patient's body. The growing prevalence of diseases
and increasing numbers of road accidents and traumas are increasing the demand
for blood and thus driving the market. According to a report by Globenewswire,
in 2019, around 20,000 men suffer from Hemophilia in the US alone. Also, as per
US NIH data, in 2019, traumatic injury was found to be the foremost reason of
mortality among 1-40 years old people.
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The blood and blood components
market is restrained by the growing risk of developing or transferring an
infection while the blood is transmitted to the patients. The growing
possibilities of developing any transfusion transmitted infection (TTI) is
imposing a restriction on the growth of the market. The fear of transfusion of
diseases from the donor to the recipient, forces many customers to avoid using
donated blood, thus hampering the growth of the blood and blood components
market. The most common viral agents that can be transmitted through blood
transfusion are Human Immunodeficiency Virus (HIV), hepatitis viruses, West
Nile Virus (WNV), Human T-cell Lymphotrophic Viruses (HTLVs) etc. Also,
according to the BMC Infectious Diseases report 2018, out of the total 60,236
blood donors that were screened between 2010-2016, almost 3.6% of the donors
showed evidence of at least one TTI and 0.1% were positive of multiple
infections.
View complete Report: https://www.thebusinessresearchcompany.com/report/blood-and-blood-components-global-market-report
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