Blood Platelet Market Size, Industry Analysis Report, Regional Outlook, Application Development Potential, Price Trends, Competitive Market Share & Forecast, 2020 - 2026
Report ID: GMI2849
Blood Platelet Market size is estimated to witness significant growth from 2018 to 2024.
Blood transfusion is considered as one of the most important longstanding public health concern across the globe. According to the recent data from World Health Organization (WHO), the total number of blood donations in Europe rose from 34.7 per 1000 inhabitants to 36.5 per 1000 inhabitants from the year 2008 to 2010. Increase in number of blood transfusions and donations in the last decade in European Union countries will augment the growth of blood platelet market in the near future.
Chronic blood borne infections have caused substantial economic and healthcare burden in the United States. In the U.S. Chronic Hepatitis C Virus (HCV) is the most common type of blood borne infection. Rise in prevalence of such blood borne infections will increase the demand for blood transfusions and donations across the country, propelling the blood platelet industry growth.
Stringent regulatory policies regarding the safety of blood platelet from bacterial infections will be one of the market impeding factor. According to the NHS Department of Health, there are several external regulatory agencies that include Human Tissue Authority (HTA), Medicines and Healthcare Products Regulatory Agency (MHRA) and Care Quality Commission (CQC). These regulatory agencies monitor the standard and quality of the product and services in order to ensure regulatory compliance and also offer high level of care.
Increasing application of blood platelet in the treatment of hemophilia will boost the industry growth in the forthcoming years. According to the National Hemophilia Foundation, the worldwide prevalence of hemophilia is estimated to be around 400,000 people and approximately 75% people suffering from hemophilia still receive improper treatment or no treatment. Large patient population along with rising prevalence of hemophilia will lead to growing demand for blood platelet treatment.
Distribution of blood platelet via hospitals is estimated to show considerable growth in the forthcoming years. Increase in number of hospital admissions related to blood disorders such as hemophilia, thrombocytopenia and other disorders along with increasing use of blood platelets in the hospitals during surgeries will boost the segment growth.
Increasing prevalence of chronic diseases coupled with high healthcare spending will drive the U.S. blood platelet market growth during the forthcoming years. Use of platelets for treatment of various neurological conditions as well as musculoskeletal diseases is increasing significantly in recent years. American Red Cross has undertaken numerous initiatives for increasing the awareness pertaining to importance of blood donation and transfusion, boosting the industry growth.
Plasma and platelets market will experience a significant growth in Germany owing to increasing demand for blood transfusions. Growing prevalence of cancer amongst German population have created a huge demand for blood transfusions that are required for people that are undergoing chemotherapy treatment. Moreover, rapid technological advancements will enable proper blood separation processes by developing superior quality medical devices that will enhance the blood platelet market growth in Germany.
Some of the key industry players America’s Blood Centers, American Red Cross, American Association of Blood Banks, Blood Centers of America, Brazilian Red Cross, Canadian Red Cross, European Blood Alliance, French Red Cross, German Red Cross, Indian Red Cross, Italian Red Cross, Japanese Red Cross, Red Cross Society of China, Saudi Red Crescent Authority, South African Red Cross Society and Spanish Red Cross. The key market players focus on strategic merger acquisitions and innovative new product launches in order to expand their product portfolio and expand their business.
Blood Platelet Market by Application, 2013-2024 (USD Million)
- Perioperative indications
- Platelet function disorders
- Other platelet applications
Blood Platelet Market by Distribution Channel, 2013-2024 (USD Million)
- Ambulatory Surgical Centers
The above information is provided for the following regions and countries:
- North America
- Asia Pacific
- Latin America
- Middle East and Africa
- Saudi Arabia
- South Africa
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