Global autotransfusion systems market is expected to rise to an estimated value of USD 554.57 million by 2026, registering a substantial CAGR in the forecast period of 2019-2026. This rise in market value can be attributed to the various innovations in technology of these systems, along with prevalence of population suffering from cardiovascular disorders.
This autotransfusion systems market study analyzes the market status, market share, growth rate, future trends, market drivers, opportunities and challenges, risks and entry barriers, sales channels, distributors and Porter’s Five Forces Analysis. This report is the best overview about global industry perspective, comprehensive analysis, size, share, growth, segment, trends and forecast. Estimations about the rise or fall of the CAGR value for specific forecast period, market drivers, market restraints, and competitive strategies are evaluated in the report. TOC, graphs and tables included in the report helps understand the market size, share, trends, growth drivers and market opportunities and challenges.
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Few of the major competitors currently working in the global autotransfusion systems market are BD; Beijing Zhongke; Braile Biomédica; Fresenius SE & Co. KGaA; Gen World Medical Devices; Haemonetics Corporation; LivaNova PLC; Medtronic; SARSTEDT AG & Co. KG; Teleflex Incorporated; Zimmer Biomet; Advancis Surgical; B. Braun Melsungen AG among others.
Key Developments in the Market:
- In December 2016, Fresenius SE & Co. KGaA and Terumo Corporation announced the establishment of a distribution agreement for Fresnius SE & Co. KGaA’s “CATSmart Autotransfusion System” for the United States region. The product will be distributed by Terumo Corporation’s “Terumo Cardiovascular Group” and the agreement has been established for five years
- In September 2012, University of Strathclyde situated in Glasgow, Scotland announced the development of an autotransfusion technology designed for open heart surgeries, this technology can help reduce the volume of blood loss in a number of open heart and traumatic surgeries. The technology has been licensed to Advancis Surgical, with the company expected to launch autotransfusion devices integrated with this technology in the regions where the CE mark is accepted
Global autotransfusion systems market is highly fragmented and the major players have used various strategies such as new product launches, expansions, agreements, joint ventures, partnerships, acquisitions, and others to increase their footprints in this market. The report includes market shares of autotransfusion systems market for Global, Europe, North America, Asia-Pacific, South America and Middle East & Africa.
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Segmentation: Global Autotransfusion Systems Market
(Cardiac Surgeries, Orthopedic Surgeries, Organ Transplantation, Trauma Procedures, Others),
(Hospitals, ASCs, Others),
(North America, Europe, Asia-Pacific, South America, Middle East and Africa)
- High number of applicable surgical procedures carried out globally is expected to propel the growth of the market
- Various functional and operational benefits associated with autotransfusion system is expected to drive the growth of this market
- Lack in the availability of blood donors and donated blood volume globally can act as a market driver
- High volume of transplantation-based procedures occurring globally; this factor is expected to boost the growth of the market
- Concerns regarding the high cost of these systems; this factor is expected to restrict the growth of the market
- Growing awareness amongst the population regarding the risks associated with this system; this factor is expected to hinder the growth of this market
- Various initiatives and programs organized by the authorities to promote blood donation globally also restricts the market growth
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