Global Patient Blood Management Market Size | US$17.65 Bn Estimated Revenue by 2029, CAGR 5.7%, Key Players: Haemonetics Corporation, Fresenius Se & Co. KGaA

Patient Blood Management Market Expected to Reach US$ 17.65 Billion by 2029 Driven by Rising Demand for Blood Transfusions

Maximize Market Research forecasts the Global Patient Blood Management Market to reach US$ 17.65 billion by 2029, growing at a Compound Annual Growth Rate (CAGR) of 5.7%.

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This growth is attributed to several key factors: 

Market Drivers 

  • Increasing Demand for Blood Transfusions: Rising occurrences of road accidents, trauma cases, and surgical procedures are driving the need for blood transfusions, which in turn fuels the Patient Blood Management market.
  • Improved Patient Outcomes: Patient Blood Management (PBM) practices minimize blood loss during surgeries and optimize patient blood use, leading to faster recoveries, shorter hospital stays, and reduced risks associated with blood transfusions.
  • Growing Awareness and Regulations: Rising awareness about blood transfusion safety and the implementation of PBM systems in developing economies are creating significant growth opportunities.

Market Challenges

  • High Cost of Automated Systems: The high cost of implementing automated PBM systems may hinder market growth in some regions.

Market Segmentation

The Patient Blood Management Market is segmented by Product, Component, and End-User:

  • Product: Blood processing devices, blood transfusion devices, blood storage devices, diagnostic & testing instruments, reagents & kits, software, and accessories.
  • Component: Whole blood and plasma.
  • End-User: Blood banks, hospitals, and diagnostics & pathology labs.

Competitive Landscape

The report by Maximize Market Research provides a comprehensive analysis of the competitive landscape, including key players such as Haemonetics Corporation, Fresenius Se & Co. KGaA, Terumo Corporation, Immucor, Inc., B. Braun Melsungen AG, and others. The report highlights their strategies, product portfolios, and recent developments.

Maximize Market Research offers valuable insights through its analysis of:

  • Porter’s Five Forces Model: This framework helps businesses identify factors influencing competition, supplier bargaining power, buyer bargaining power, threat of new entrants, and the threat of substitutes within the Patient Blood Management Market.
  • COVID-19 Impact: The report analyzes the impact of the pandemic on the market, considering disruptions in supply chains, changes in consumer demand, and government interventions.

Availability of the Report

This press release provides a brief overview of the Patient Blood Management Market. The Maximize Market Research report offers a detailed analysis of the market, including market size and growth forecasts, market segmentation insights, a competitive landscape analysis, and in-depth discussions on market dynamics and future prospects.

Tables and data about the ” Global Patient Blood Management Market ” can be found in a comprehensive research study and an in-depth TOC: 


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