A blood product is any therapeutic substance prepared from human blood collected from the donor. This includes whole blood, blood components, and plasma derivatives. Whole blood is not commonly used in transfusion medicine. Different blood products derived from donated blood are red cells, platelets, plasma, cryoprecipitate AHF, and granulocytes. White cells are often removed from donated blood before transfusion.
MARKET SCOPE
The "Global Blood Products Market Analysis to 2028" is a specialized and in-depth study of the healthcare industry with a special focus on the global market trend analysis. The report aims to provide an overview of the Blood Products market with detailed market segmentation by product type and end user. The report provides key statistics on the market status of the leading Blood Products market players and offers key trends and opportunities in the market.
MARKET SEGMENTATION
- Based on product type the market is segmented as, platelets, fresh frozen plasma (FFP), red blood cells (RBCs), white blood cells (WBCS), and others.
- Based on end users the market is segmented as, hospitals, blood stations. And others.
MARKET DYNAMICS
Drivers:
- Rising prevalence of Blood-related disease that requires blood products to administer in the patient's body
- Highly effective blood products.
- The global increase in blood product consumption for some severe diseases.
- Extensive R&D efforts by pharmaceutical companies and blood banks to develop advanced and novel blood products are expected to fuel market growth.
Restraints:
- High cost of blood-related disease treatment.
- Whereas, the high cost of blood products and their maintenance is expected to restrain the market growth during the forecast period.
REGIONAL FRAMEWORK
The report provides a detailed overview of the industry including both qualitative and quantitative information. It provides an overview and forecast of the global market based on various segments. It also provides market size and forecast estimates from the year 2019 to 2028 with respect to five major regions, namely; North America, Europe, Asia-Pacific (APAC), the Middle East and Africa (MEA), and South and Central America. The Blood Products market by each region is later sub-segmented by respective countries and segments. The report covers the analysis and forecast of 18 countries globally along with the current trend and opportunities prevailing in the region.
The report analyzes factors affecting the market from both the demand and supply side and further evaluates market dynamics affecting the market during the forecast period i.e., drivers, restraints, opportunities, and future trends. The report also provides exhaustive PEST analysis for all five regions namely; North America, Europe, APAC, MEA, and South and Central America after evaluating political, economic, social, and technological factors affecting the Blood Products market in these regions.
IMPACT OF COVID-19 ON BLOOD PRODUCTS MARKET
COVID-19 first began in Wuhan (China) during December 2019 and since then it has spread at a fast pace across the globe. The US, India, Brazil, Russia, France, the UK, Turkey, Italy, and Spain are some of the worst affected countries in terms confirmed cases and reported deaths. The COVID-19 has been affecting economies and industries in various countries due to lockdowns, travel bans, and business shutdowns. Shutdown of various plants and factories has affected the global supply chains and negatively impacted the manufacturing, delivery schedules, and sales of products in global market. Few companies have already announced possible delays in product deliveries and slump in future sales of their products. According to the current market situation, the report further assesses the present and future effects of the COVID-19 pandemic on the overall market, giving more reliable and authentic projections In addition to this, the global travel bans imposed by countries in Europe, Asia-Pacific, and North America are affecting the business collaborations and partnerships opportunities.
MARKET PLAYERS
The report covers key developments in the Blood Products market as organic and inorganic growth strategies. Various companies are focusing on organic growth strategies such as product launches, product approvals, and others such as patents and events. Inorganic growth strategies activities witnessed in the market acquisitions, and partnership & collaborations. These activities have paved the way for the expansion of the business and customer base of market players. The market payers from the Blood Products market are anticipated to lucrative growth opportunities in the future with the rising demand for Blood Products in the global market.
The report also includes the profiles of key companies along with their SWOT analysis and market strategies in the Blood Products market. In addition, the report focuses on leading industry players with information such as company profiles, components, and services offered, financial information of the last 3 years, the key development in the past five years.
- CSL
- KEDRION S.P.A
- BPL INC.
- OCTAPHARMA AG
- MITSUBISHI TANABE PHARMA CORPORATION