Autotransfusion Devices Market Report Includes COVID-19 Analysis, Share, Research, Business Growth and Forecast to 2026

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Japan, Japan, Fri, 25 Dec 2020 05:34:56 / Comserve Inc. / — The global autotransfusion device market is segment based on product type, End user, and region. Depending on product type the market is divided into on pump transfusion device and off pump transfusion device.

An autotransfusion device is a mechanical device that is used in the process of collecting and re-infusing blood lost from hemorrhage. Different forms of Autotransfusion device include intra-operative, emergency, or post-operative salvage devices and hemodilution devices used to re-infuse a patient’s own blood. Autotransfusion device marked is growing because of growing prevalence of orthopedics and cardiac surgery.

Furthermore as autotransfusion device is continually witnessing innovation is boosting the growth of autotransfusion device market globally. The key driving factors for the growth of the autotransfusion devices market across the globe are high occurrence of cardiac diseases, absence of any risk of transfusion & transmitted infections, and absence of any risk of alloimunization to any blood cell antigen. However, the major challenges faced by this industry is the inability to separate contaminants from blood and expensive autotransfusion system. Contrary, in the forecast period, the growing adoption of whole body autotransfusion devices.

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The global autotransfusion device market is segment based on product type, End user, and region. Depending on product type the market is divided into on pump transfusion device and off pump transfusion device. Off pump transfusion device has the highest market share and is expected to grow with the a CAGR of 6.6% during the forecast period owing to ease in use coupled with the fact that there’s no loss of blood during transfusion and it is considered safer than the conventional method. By End User, Autotransfusion device market is categorized into Ambulatory Surgical Centers, Hospitals, Emergency Rooms, Nursing Homes, and others. Hospital segment contributes the most among the end user segment.

This is driven by the fact that hospitals have various specialized departments wherein blood transfusion is required as such the autotransfusion devices are required in multiple numbers to cater to various transfusion requirements of specialized symptoms coupled with the Guidelines set by the American Association of Blood Banks, the blood should be re-infused within 4 hours for washing is driving the growth of autotransfusion devices globally. North America has the highest market share for autotransfusion device globally and is expected to grow at a healthy rate of 6.4% over the forecast period. In accordance with Guidelines set by the American Association of Blood Banks, the blood should be re-infused within 4 hours for washing.

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Thus pertaining to low time duration and increased demands for transfusion, more and more autotransfusion devices are being purchased by hospitals and medical institutes in North America. U.S, hold the majority of the share of the North America market and it is one of the leading countries globally. As the regulatory standards regarding transfusion are quite stringent in U.S., companies are investing a lot on Research & Development for approvals of commercial sale of Autotransfusion device and therefore they are focused on quality and innovative products so as to efficiently handle the process and edge ahead of competitors, thus driving the growth of Autotransfusion device in the country.

The key players analyzed in the global Autotransfusion device market Medtronic Plc, Becton Dickinson and Company, Zimmer biomet Holding, Teleflex Incorporated, LivaNova, Plc, Fresenius Medical Care AG & Co. KGaA, Stryker Corporation, Haemonetics Corporation, Terumo Corporation and Getinge AB. KEY BENEFITS FOR STAKEHOLDERS

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? This study presents the analytical depiction of the global Autotransfusion device market along with the current trends and future estimations to depict the imminent investment pockets.
? The overall market potential is determined to understand the profitable trends to enable stakeholders gain a stronger foothold in the market
? The report presents information related to key drivers, restraints, and opportunities with a detailed impact analysis.
? The current market is quantitatively analyzed from 2018 to 2029 to highlight the financial competency of the market.
? Porter’s five forces analysis illustrates the potency of the buyers and suppliers. Key Market Segments: By Product Type o On-Pump Transfusion Device o Off-Pump Transfusion Device By End Users o Ambulatory Surgical Centers o Hospitals o Emergency Rooms o Nursing Homes o Others By Region o North America �?� U.S. �?� Canada �?� Mexico o Europe �?� Germany �?� France �?� UK �?� Italy �?� Russia �?� Rest of Europe o Asia-Pacific �?� Japan �?� China �?� India �?� South Korea �?� Rest of Asia-Pacific o LAMEA �?� Latin America �?� Middle East �?� Africa

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The MarketWatch News Department was not involved in the creation of this content.