Acumen Research and Consulting, a global provider of market research studies, in a recently published report titled “Transfusion Technology Market (By Product: Instruments [Apheresis System & Multi-component Collection Systems, Cell Processing Systems & Cell Expansion Systems, Auto Transfusion Devices, Others], Disposables & Consumables; By End-user: Hospitals, Blood Banks, Biotechnology & Pharmaceutical Companies, Others ) - Global Industry Analysis, Market Size, Opportunities and Forecast, 2018 - 2026”.

LOS ANGELES, March 10, 2019 (GLOBE NEWSWIRE) -- The international transfusion technology market worth is projected to touch USD7,138 million by 2026 and the market is anticipated to project a CAGR of 5.4% during the forthcoming years.

The worldwide transfusion technology market is described by an expansion in the occurrence of incessant sicknesses over the world. The market is growing at a fast pace, because of execution of government rules about security of transfusion. The worldwide transfusion technology market is anticipated to extend at a fast pace from 2018 to 2026.

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Expanding number of clinical medical procedures, and creating medicinal services foundation are required to fuel the worldwide transfusion technology market amid the figure time frame. North America is probably going to represent a noteworthy offer of the worldwide market amid the conjecture time frame, inferable from strong nearness of real players with set up dissemination arrangements in the area. The transfusion technology market in Asia Pacific is anticipated to extend at a high CAGR from 2018 to 2026.

A transfusion technology device is an electromechanical gadget that guarantees the security of a patient amid blood transfusion and donation. Transfusion technology devices can be named apheresis framework, blood segment separators, cell development system, and auto transfusion gadgets. Apheresis is a technique performed either for donation of a blood segment or for treatment of an infection by evacuation of the ailing or ailment-causing blood part. Entire blood is extricated from the contributor or patient's body, handled through the apheresis machine, and the ideal blood segments are isolated depending on their atomic weight, size, and fondness for specific substance, while the rest of the blood is transfused back to the donor or patient.

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Increment in the geriatric populace, which is inclined to chronic diseases, expansive patient pool in developing nations requiring better health care facilities, and ventures by open and private players in R&D on transfusion technology to guarantee end of transfusion-related diseases and diminish the danger of transfusion responses are key factors that are probably going to drive the worldwide transfusion technology market amid the figure time frame. In any case, lengthy process of obtaining regulatory approval, huge ventures required in the development of transfusion technology, and increment in negligibly obtrusive system that prompts low blood loss are probably going to limit the worldwide market amid the conjecture time frame. Transfusion technology devices are picking up notoriety among health care professionals, as these have ended up being viable in decreasing transfusion response. Rising investment for advancement in transfusion technology and organizations for co-improvement and commercialization of these gadgets are relied upon to fuel the worldwide transfusion technology market sooner rather than later.

The global transfusion technology market has been classified into product, end-user and region. Based on product, the global transfusion technology market is segregated into instruments (apheresis system & multicomponent collection systems, cell processing systems & cell expansion systems, auto transfusion devices, others) and disposables & consumables. On the basis of end-user, the global transfusion technology market is segregated into hospitals, blood banks, biotechnology & pharmaceutical companies and others. On the basis of region, the global transfusion technology market is bifurcated into North America, Latin America, Europe, Middle East & Africa, and Asia Pacific.

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North America and Europe represented a huge segment of the worldwide transfusion technology market in 2017. This can be credited to high health care expenditure, high rate of apheresis for treatment of chronic diseases, for example, chronic kidney disease, driven by increment in the commonness of way of life related infections, rise in mindfulness about importance of careful blood, high market penetration of recently created transfusion technology gadgets, favourable reimbursement policies guaranteeing business development for new market contestants, and nearness of real players in the two areas. Notwithstanding, changes in repayment and protection approaches in 2017 and stringent administrative system for generation of medical gadgets in the U.S. are probably going to hamper the transfusion technology market in North America in the following couple of years. Asia Pacific is probably going to offer noteworthy chances to the transfusion technology market amid the figure time frame, attributable to an expansion in the geriatric populace, ascend in the appropriation of transfusion technology gadgets driven by mindfulness about their focal points, and flood in the occurrence of transfusion- acquired infections in the area.

The key organizations in the global transfusion technology market are LivaNova PLC., Haemonetics Corporation, Inc., Medtronic plc, TERUMO BCT, Asahi Kasei Medical Co., Ltd., MiltenyiBiotec, B. Braun Melsungen AG, GE Healthcare, Cerus Corporation, and Fresenius Kabi AG (Fresenius SE & Co. KGaA).

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