Autotransfusion Systems Market Opportunities, Business Forecast To 2028
The global autotransfusion systems market size was valued at USD 451.3 Mn in the year 2021, growing at CAGR rate of 5.8 percent during the forecast period 2022-2028. Glance our 200 slides market research and competitive intelligence research report, 25 Tables and 65 Figures, and other qualitative sections with an in-depth TOC On
The research report “Autotransfusion
Systems Market: by Product (Devices (Unwashed Autotransfusion System, Washed
Autotransfusion System), Accessories), by Application (Cardiac surgery,
Orthopedic surgery, Others), by End User (Hospitals, Clinics, Others) and
Geography- Global/Region/Country
Forecast to 2028.”
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Growing geriatric
population is boosting the Global Autotransfusion Systems Market
Autotransfusion is the reinfusion of the blood of the
patient by taking the blood from peritoneal cavity after antibiotic
administration and washing. The patient gets their own blood in such process of
autotransfusion for a transfusion rather than a donor blood. A number of
commercial devises are available there perform autotranfusion, which include
three kinds of systems, constant flow centrifugal, un-washed filtered blood and
discontinuous flow centrifugal. Washed systems need a well-trained and
clinically expert operator, whereas the unwashed systems are famous as they are
not expensive. Autotransfusion is especially helpful in blood loss during
surgery. It may also eradicate the need for allogeneic blood. CATSmart
autotransfusion system is introduced in December 2016 by the Fresenius Kabi and
Terumo Cardiovascular Group in the United States.
Increasing prevalence of cardiac illnesses is one of the leading reasons fuelling the autotransfusion systems market growth? A few more factors bolstering the autotransfusion systems market growth include growing consciousness regarding advanced treatment options and increase in the ageing population. Furthermore, increasing healthcare expenditure also anticipated to drive the autotransfusion systems market growth. On the other hand, the high cost of such devices is anticipated to constrain the growth of market revenue.
North America
accounted for major share in the Global Autotransfusion Systems
Market
On the basis of regional analysis, global
autotranfusion systems market is categorized into major regions such as Latin
America, North America, Europe, Middle East, Africa and Asia Pacific. Among all
these regions, North America autotransfusion systems market is growing because
of the increase in orthopedic and cardiac surgeries. Complication in allogeneic
blood transfusion causes significant blood loss during surgery, which has led
to the growing demand for autotransfusion systems. Furthermore, the development
in the technology is also fuelling the autotransfusion systems market growth in
the region. Europe region adds scope to the market growth with release of
innovative technologically developed products. Asia Pacific region is
anticipated to witness high growth because of the growing adoption of new
healthcare technologies.
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Competitive
Analysis -
Global Autotransfusion Systems Market
There are a few major players
operating in the global autotransfusion systems market are Haemonetics Corporation (U.S), Medtronic Plc. (U.S), LivaNova PLC (U.K), Fresenius Kabi (Germany), Terumo Interventional Systems
(U.S) and
Wandong
Health Sources (BEIJING). Key players in the market focus on following a few
effective strategies such as major collaborations, acquisitions, mergers and
novel product launches.
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