Blood Transfusion Filters Market Report

Market Insights

The Global Blood Transfusion Filters Market is estimated to grow from USD xx million in 2020 to USD xx million by 2026 at a healthy CAGR of x% during the forecast period.

Figure: Global Blood Transfusion Filters Market Size, 2020-2026 (USD Million)

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What are Blood Transfusion Filters?

Blood transfusion filters are used during the transfusion to filter blood components to remove clots and small clumps of white blood cells & platelets that form at the time of collection and storage. The standard blood infusion set contains a 170–260-micron filter. It is designed to protect from harmful micro aggregate and non-blood component particulate matter.

Key Players

Key players operating in the global Blood Transfusion Filters market are-

• Asahi Kasei Medical America Inc. (Japan),
• Haemonetics Corporation (The US),
• Fresenius SE & Co. KGaA (Germany),
• Macopharma SA (France),
• Shandong Zhongbaokang Medical Implements Co., Ltd (China),
• Nanjing Shuangwei Biotechnology Co.,Ltd. (China),
• Chengdu Shuanglu Medical Devices Co., Ltd. (China),
• Braile Biomédica (Brazil), and
• Nanjing Cell-Gene Biomedical Co., Ltd (China).

Market Dynamics

The global market growth is primarily driven by increasing incidences of blood infections during transfusion.

• The rising number of surgical procedures due to road accidents and injuries is likely to add to the market growth substantially.
• Additionally, increasing adoption of blood transfusion filters in developing economies with rising consumer awareness is likely to create lucrative opportunities for the market players during the review period.
• However, side effects associated with the usage of the product including fever, virus & infection disease, and allergic reactions among others are likely to affect the market growth.

Segment Analysis

Application Trends

Based on application, the market has been divided into blood banks and hospitals.

The hospitals' segment accounted for the largest market share of more than 30% in 2020. The segment growth can be attributed to rising incidences of trauma and accident cases in the hospitals. The blood bank segment is projected to register the highest growth during the review period.

Regional Trends

The market in North America accounted for largest share in 2020 and is projected to register significant growth during the review period.

• The regional market growth can be attributed to increasing surgical procedures coupled with expanding geriatric populace.
• The market in Asia-Pacific region is projected to register fastest growth rate on account of advancement in healthcare infrastructure in the developing countries.

COVID-19 Impact on Global Blood Transfusion Filters Market

The covid-19 outbreak posed significant challenges to the health care system across geographies. It affected the growth of the blood transfusion filters market negatively as patients postponed their appointments due to a rapid surge in covid-19 cases across geographies. Also, supply chain disruptions due to the imposition of lockdown affected the market growth further. People moved out of their houses only for essential services due to fear of coronavirus infection and thus, affected the market growth for a short period.

Critical Questions Answered in the report –

• What are the key trends in the global Blood Transfusion Filters market?
• How the market (and its various sub-segments) has grown in the last five years and what would be the growth rate in next five years?
• What is the impact of COVID-19 on the global Blood Transfusion Filters market?
• What are the key strategies adopted by the major vendors to lead in the global Blood Transfusion Filters market?
• What is the market share of the top vendors?

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Target Audience

• Blood transfusion filters distributors
• Blood transfusion filters suppliers
• Blood transfusion filters manufacturers
• Logistics organizations
• Government bodies

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