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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