- The worldwide blood preparation market is estimated to achieve about USD 58.7 billion by 2022. Rising worldwide demand for blood transfusion and its constituents and augmented blood-associateddisorders are also projected to stimulate further development of the market through the forecast period. The global occurrence of thrombocytosis-connected disorders is boosting sharply. This is another important component which drives further demand for the blood preparation market.
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Drugs commercialization and huge unexplored prospects are estimated to increase the demand for blood preparation products by boosting the occurrence pace of target illnesses. The coming-to-fore of new oral anticoagulants is also likely to result in the same. The blood preparation market was anticipated at about USD 42.5 billion in 2014. It is predicted to augment further at around 4.2 percent CAGR through the forecast phase. Amplified patients in emergency departments are also predicted to drive the blood preparation market ahead.
Strengthened demand for quickly responding and better drugs for cure and prevention is also projected to positively influence the market. Apart from the factors mentioned above, rising population of the elderly, high medical expenses and escalating consciousness among patients are also reported to steer the blood preparation market forward in the future.
The worldwide market is divided in view of three categories. These are products; anticoagulants and antithrombotics; and geographical regions. The products blood preparation market encompasses derivatives, whole blood and components. The anticoagulants and antithrombotics market consists of anticoagulants and antithrombotics. The geographical regions blood preparation market includes North America, Europe, rest of the world and Asia Pacific.
The products blood preparation market was dominated by whole blood in 2014. Whole blood captured more than 45 percent of the total market. It is fragmented further into plasma, RBC, granulocytes and platelets with the assistance of filtration procedures.The derivatives sector of the products blood preparation market was anticipated at more than USD 13 billion in 2014. It is projected to expand profitably during 2015 to 2022. The anticoagulants and antithrombotics market was dominated by anticoagulants in 2014.
Anticoagulants were the biggest sector that year. This was in view of enhanced research and development activities towards remedial and novel prophylactic drugs. Rising thrombosis-connected disorders, augmented demand for speedily-responding drugs and boosting population of the old were also accountable for the size of this sector.Intensifying proposals of the government towards consciousness related to the avoidance of thrombosis disorders are predicted to broaden the client base of the blood preparation market.
The geographical regions market was dominated by North America in 2014. The region made up for the biggest share. High-tech medical infrastructure and high consciousness among patients in the region contributed towards its revenue. Huge medical expenses also helpedit maintain its position.The Asian Pacific blood preparation market is anticipated to experience huge expansion during the forecast phase. This is onaccount of supportive governmental proposals, state-of-the-art medical infrastructure in Australia and Japan and big unexplored prospects in the developing nations of India and China.
Rising demand for blood preparation across the four geographical regions is also expected to boost the market further.
Information Source: Grand View Research
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