Press Release

Artificial Blood Market to Gain Traction; Increasing Number of Blood Transfusions Worldwide to Stimulate Growth

Artificial Blood Market Size| 2021 Covid-19 Impact On Healthcare Industry Global Analysis By Size, Trends, Growth, Share, Business, Key Players And Regional Forecast latest study published by Fortune Business Insights. The global “artificial blood market” is expected to showcase considerable growth during the forecast period. The growth is attributable to the increasing number of blood transfusions and the rising incidence of hemorrhagic shock among people across the globe. This information is published by Fortune Business Insights in its upcoming report, titled, “Artificial Blood Market Size, Share& Industry Analysis, By Type (Haemoglobin-based Oxygen Carrier, Perfluorocarbon Emulsion), By Source (Animal Haemoglobin, Human Haemoglobin, Synthetic Polymer, Stem Cell, Others), By Application (Cardiovascular Diseases, Anaemia, Organ Transplant, Trauma, Others), By Distribution Channel (Hospitals, Clinics, Blood Banks, Others) and Regional Forecast 2020-2027.”

The effect of the global pandemic, COVID-19, has been felt across several economies that are facing unprecedented loss. Owing to the lockdown announced by the government agencies, several industries have been on a standstill with limited operational activities. However, a collective effort from the government as well as the industries is likely to bring the economy back on track and aid in resumption of industrial activities.

Artificial blood is a type of product that generally acts as a substitute for red blood cells. The main aim of this product is to supply oxygen, along with carbon dioxide to the body during transfusion. Additionally, they are sterilized to eliminate several viruses and bacteria and reduce the risk of contracting infectious diseases during the blood transfusion process.

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Global Artificial Blood Market Highlights:

The Artificial Blood Market report offers an in-depth analysis of the Artificial Blood industry and the demand drivers by highlighting information on several aspects of the market. Prudent Markets addresses all these aspects and provides the latest scoop and detailed eye-opening study on all major & emerging business segments. In addition to this, the report sheds light on the industry developments by key players, which are contributing to the expansion of this industry. The development scope, feasibility study, Artificial Blood market concentration, and maturity analysis is elaborated in this report.

Information given in the research report pertains to different technological advancements introduced in recent years, which allows for a meticulous analysis of the industry and offers a more comprehensive understanding to the readers.

The outbreak of covid-19 in the global market has made companies uncertain about their future scenario as the prolonged lock-down finds a serious economic slump. The latest survey on COVID-19 Outbreak-Global Artificial Blood Market is conducted to provide hidden gems performance analysis. Essential growth factors and study of Basis points [BPS] have been discussed in the following report. Research Report explains a detailed overview of market dynamics, segmentation, product portfolio, business plans, and the latest development in the industry.

Out research methodology is robust and includes data triangulation based on bottom-up and top-down approaches. We validated the approximate market number with the help of primary research. Secondary research was conducted to find out detailed information about mergers and acquisitions, collaborations, joint ventures, and agreements. At the same time, we have derived significant information about the market dynamics associated with growth drivers, trends, and obstacles.

It offers figurative estimations for upcoming years on the basis of the recent developments and historic data. For gathering information and estimating revenue for all segments, researchers have used top-down and bottom-up approaches. On the basis of data collected from primary and secondary research and trusted data sources the report will help both existing and new aspirants for Artificial Blood market to figure out and study the market’s needs, market size, and competition.

REGIONAL INSIGHTS

Biomedical Advancement in North America to Augment Growth

Among all the regions, North America is expected to hold the highest position in the global artificial blood market in the forthcoming years. This is attributable to the significant biomedical advancement regarding the adoption of synthetic blood in the region that will propel the adoption of artificial blood.

The market in Europe is anticipated to experience considerable growth backed by supportive government initiatives to create awareness regarding the efficacy of artificial blood products among the general population in the region between 2020 and 2027.

COMPETITIVE LANDSCAPE

Investment in R&D by Key Players to Amplify Their Market Positions

The global market for artificial bloodis consolidated by major companies striving to leverage the lucrative opportunities to maintain a stronghold. These companies are focusing on investments in R&D activities to develop novel artificial blood mechanisms to cater to the growing demand from the healthcare sector. Moreover, other key players are trying to maintain their presence by adopting strategies such as collaboration, facility expansion, and the introduction of new products that will contribute to the growth of the market in the forthcoming years.

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Industry Development:

  • October 2019 – Japanese Researchers atNational Defense Medical College, announced the development of a universal artificial blood that consists of faux red blood cells and platelets in a small bag derived from cell membrane and has a shelf life of over a year. The importance of this is that it can suit the person irrespective of his blood group.

List of the Companies Profiled in the Market:

  • Green Cross Corporation
  • NorthField Laboratories
  • Alliance Pharmaceutical Corporation
  • Baxter
  • FLUORO2 Therapeutics
  • Biopure Corporation
  • Alpha Therapeutics Corps
  • Among others

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