The Global Patient Blood Management Market is expected to reach $xx Mn in 2027 from $xx Mn in 2020, at a CAGR of xx% during forecast period.
Global Patient Blood Management Market Overview:

Patient Blood Management (PBM), a multidisciplinary approach adopted to limit the use of blood transfusion, minimizing blood loss at the time of surgical operations and optimizing the blood of the patient in all at-risk patients with the aim of improving their clinical outcomes. This is carried out by doctors for patients that possess the risk of blood loss at the time of surgical intervention. PBM has three main objectives:

1) Improving red cell mass, including treatments such as erythropoiesis-stimulating agents and iron and vitamin supplements.

2) Minimizing blood loss, by optimizing surgical and anesthetic techniques, treatment with tranexamic acid (TXA) and autologous blood salvage.

3) Harnessing and optimizing the tolerance of anaemia by promoting maximum pulmonary and cardiac function and the use of a restrictive transfusion threshold.

The report covers the detailed analysis of global Patient Blood Management System industry with the classifications of the market based on product, component and end-users. Analysis of past market dynamics from 2016 to 2019 is given in the report, which will help readers to benchmark the past trends with current market scenarios with the key players contribution in it.

The report has profiled seventeen key players in the market from different regions. However, report has considered all market leaders, followers and new entrants with investors while analyzing the market and estimation the size of the same. Increasing R&D activities in each region are different and focus is given on the regional impact on the cost, availability of advanced technology are analyzed and report has come up with recommendations for future hot spot in APAC region.
Global Patient Blood Management Market Dynamics:

Rising demand for blood donation due to growing number of road accidents, trauma cases, increasing number of surgical procedures and rising prevalence of target diseases are the major factors contributing to the growth of market. Improved patient outcomes, faster recoveries and shorter stays in hospital, reduced patient exposure to the potential risks from receiving blood from another person also drive the market growth. The Patient blood Management has also shown benefits in the field of obstetrics for the treatment of anaemia, which occurs frequently during pregnancy, is mandatoryin order to improve maternal and foetal outcomes.
Also, rising awareness about the blood transfusion safety and adoption of patient blood management systems in developing economies is expected to provide a better growth opportunity in forecast period. According to the National Health Commission (NHC), the number of voluntary blood donations increasing from 328,000 in 1998 to 14.59 million in 2017.However, the high cost of the automated systems is likely to hamper the global market growth.
Global Patient Blood Management Market Regional Insights:

Global Patient Blood Management Market

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North America is expected to witness the lucrative market growth of xx% throughout the forecast period.

In terms of revenue, North America is expected to hold prominent share of patient blood management market followed by Europe during forecast period. Thanks to the increasing number of surgical procedures and rising incidences of target diseases like cancer, which requires the blood and blood products transfusion to make up the blood loss incurred during the procedures. Moreover, the presence of a large number of hospitals in the US is likely to support market growth. The US has over 7,200 active hospitals and a well-established healthcare sector.

In Europe, the market is driven by factors like well-established medical infrastructures and high number of road accidents where blood transfusion becomes the basic need. According to the Federal Statistical Office of Germany, the number of people injured in road accidents grew by 1.8% from November 2018 to November 2019. Along with this, surge in the preoperative anaemia has become a common factor in patients undergoing orthopedic and other major surgeries rises the demand for Patient Blood management in the region.However, there is a need for European healthcare providers to integrate PBM strategies into routine care for patients undergoing orthopaedic and other types of surgery in order to reduce the use of unnecessary transfusions and improve the quality of care.

Asia-Pacific is anticipated to grow at faster rate of xx%, owing to its rapidly developing healthcare sector, increasing patient pool and favorable government reimbursement policies.
Global Patient Blood Management Market Segment Analysis:

Global Patient Blood Management Market1

Based on the product type, the segment is further divided into instruments, accessories, reagents & kits and Software. According to the analysis, the instruments share is expected to dominate the market by registering a CAGR of xx% during forecast period.Thanks to increasing technological advancements, new product launches, increasing use of auto transfusion systemsduring surgeries and organ transplantation. It is further sub-segmented into blood processing, transfusion, diagnostics and storage devices.

Based on the component segment, the whole blood segment is anticipated to command the global market by xx%, due to increasing number of blood donor and donations worldwide. Also, rising prevalence of anaemia and blood cancer, which requires whole-blood unit and RBCs for transfusion will further propel the market growth.
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Segmentation:

Global Patient Blood Management Market, By Product:

• Instruments
 Blood processing devices
 Blood transfusion devices
 Blood culture screening devices
 Diagnostic & testing instruments
 Blood storage devices
• Accessories
• Reagents & Kits
• Software
Global Patient Blood Management Market, By Component:

• Whole Blood
• Plasma
Global Patient Blood Management Market, By End-Users:

• Blood banks
• Hospitals
• Diagnostics & Pathology labs
Key Players operating in Global Patient Blood Management Market:

• Haemonetics Corporation
• Fresenius Se & Co. KGaA
• Terumo Corporation
• Immucor, Inc.
• B. Braun Melsungen AG
• Macopharma
• Biomérieux SA
• Asahi Kasei Medical Co. Ltd.
• Kaneka Corporation
• Bio-Rad Laboratories, Inc.
• Abbott Laboratories
• Grifols, S.A.
• F. Hoffmann-La Roche LTD.
• Livanova PLC
• Danaher Corporation
• Haier Biomedical
• BAG Diagnostics GmbH

The report also helps in understanding Global Patient Blood Management System Market dynamics, structure by analyzing the market segments and project the Global Patient Blood Management System Market size. Clear representation of competitive analysis of key players by product, price, financial position, product portfolio, growth strategies, and regional presence in the Global Patient Blood Management System Market make the report investor’s guide.
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