The global blood preparation market size is expected to reach USD 56.78 billion by 2026 registering a CAGR of 5.6%, according to a new report by Grand View Research, Inc. Demand for transfusion of blood and its components and increasing prevalence of blood-related disorders are expected to fuel the growth of this market over the forecast period.
Increasing prevalence of thrombocytosis-associated disorders is also likely to boost market growth. According to the Centers for Disease Control and Prevention (CDC), around 900,000 individuals are affected by Deep Vein Thrombosis (DVT) and Pulmonary Embolism (PE) in U.S. each year, and 60,000-100,000 Americans die due to DVT/PE. Commercialization of drugs currently in the pipeline and introduction of new oral anticoagulants are expected to drive the market further.
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Anticoagulants was the largest product segment in 2018 owing to increased R&D aimed at the development of novel prophylactic and therapeutic drugs. Re-launch of some key drug products, such as Urokinase in North America, are also likely to propel market growth over the coming years.
The market in Asia Pacific is also anticipated to witness high growth in future, owing to the presence of favorable government initiatives, sophisticated healthcare infrastructure, especially in Japan and Australia, and several untapped opportunities in the emerging markets of China and India.
Further key findings from the study suggest:
• Whole blood product segment held the largest share in 2018 due increased number of surgeries and trauma cases
• Blood derivatives is estimated to be the fastest-growing segment due to use of these products in patients affected with infectious diseases, such as Ebola
• Anticoagulants dominated the antithrombotic and anticoagulants product segment and are likely to witness the fastest CAGR of 5.8% due to launch of novel and efficient anticoagulant drugs in market
• The direct factor Xa inhibitors is the most lucrative segment on account of the introduction of new oral products, such as Xarelto, aimed at addressing unmet medical needs
• Angina blood vessel complications was the largest application segment due to rise in lifestyle-associated diseases and popularity of oral anticoagulants
• North America was the largest regional blood preparation market in 2018 and will maintain the dominance over the forecast years
• Presence of sophisticated healthcare infrastructure along with high patient awareness and healthcare expenditure levels in North America will drive the regional market
• Key companies in the market include GlaxoSmithKline PLC; Pfizer, Inc.; Baxter International, Inc.; Bristol-Myers Squibb Company; LEO Pharma A/S; Sanofi S.A.; Portola Pharmaceuticals, Inc.; and AstraZeneca PLC
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Grand View Research has segmented the global blood preparation market on the basis of product, type, application, and region:
Blood Preparation Product Outlook (Revenue, USD Million, 2014 - 2026)
• Whole Blood
o Red Cells
o Granulocytes
o Plasma
o Platelets
• Blood Components
o Whole Blood Components
o Packed Red Cells
o Leukocyte Reduced Red Blood Cells
o Frozen Plasma
o Platelet Concentrate
o Cryoprecipitate
• Blood Derivatives
Antithrombotic and Anticoagulants Type Outlook (Revenue, USD Million, 2014 - 2026)
• Platelet Aggregation Inhibitors
o Glycoprotein Inhibitors
o COX Inhibitors
o ADP Antagonists
o Others
• Fibrinolytics
o Tissue Plasminogen Activator (tPA)
o Streptokinase
o Urokinase
• Anticoagulants
o Heparins
o Unfractionated Heparin
o Low Molecular Weight Heparin (LMWH)
o Ultra-low Molecular Weight Heparin
o Vitamin K Antagonists
o Direct Thrombin Inhibitors
o Direct Factor Xa Inhibitors
Antithrombotic and Anticoagulants Application Outlook (Revenue, USD Million, 2014 - 2026)
• Thrombocytosis
• Pulmonary Embolism
• Renal Impairment
• Angina Blood Vessel Complications
• Others
Blood Preparation Regional Outlook (Revenue, USD Million, 2014 - 2026)
• North America
o U.S.
o Canada
• Europe
o U.K.
o Germany
o Spain
o France
o Italy
o Russia
• Asia Pacific
o China
o Japan
o India
o Australia
o South Korea
o Singapore
• Latin America
o Brazil
o Mexico
o Argentina
• Middle East & Africa
o South Africa
o Saudi Arabia
o UAE
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About Grand View Research
Grand View Research provides syndicated as well as customized research reports and consulting services on 46 industries across 25 major countries worldwide. This U.S.-based market research and consulting company is registered in California and headquartered in San Francisco. Comprising over 425 analysts and consultants, the company adds 1200+ market research reports to its extensive database each year. Supported by an interactive market intelligence platform, the team at Grand View Research guides Fortune 500 companies and prominent academic institutes in comprehending the global and regional business environment and carefully identifying future opportunities.