Artificial Blood Market Size, Future Scope, Demands and Projected Industry Growth by 2030
Global Artificial Blood Market Size research report 2022 offers in-depth assessment of revenue growth, market definition, segmentation, industry potential, influential trends for understanding the future outlook and current prospects for the market.
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The demand for artificial blood has increased due to factors like the growing need for blood transfusion, lower availability of blood in blood banks, and rising hemorrhagic shock incidences. According to The American National Red Cross, only around 3% of the age-eligible individuals donate blood yearly in the U.S. This creates a higher supply-demand gap for blood. Approximately 6.8 million people donate blood each year in the U.S whereas, there are around 1.8 new diagnoses of cancer in 2020. These individuals sometimes require blood transfusions daily during chemotherapy. These factors are estimated to drive the artificial blood market in the coming years.
Drivers & Restraints
Artificial blood or blood is used in the medical field as a red blood substitute for critically ill patients. Artificial blood is used for the sole purpose of transporting carbon dioxide and oxygen to the body. The component does not have the full functioning capabilities of a red blood cell. The increasing demand for blood transfusion is estimated to drive the market in the coming year. Additionally, there is increasing research and development to find efficient artificial oxygen carried for the human body. For instance, in June 2020, scientists from the American Chemical Society have tried to develop synthetic red blood cell that mimics the natural functionality of natural ones. These are the predominant trends emerging in the market.
This study provides information about the sales and revenue during the historic and forecasted period of (2022 to 2028). Understanding the segments helps in identifying the importance of different factors that aid market growth. Estimations about the CAGR value for specific forecast period, market drivers, market restraints, and competitive strategies are assessed in this Artificial Blood Market report.
This report focuses on Artificial Blood Market volume and value at the global level, regional level and company level. From a global perspective, this report represents overall Artificial Blood Market market size by analysing historical data and future prospect. Regionally, this report focuses on several key regions: North America, Europe, Asia-Pacific, Latin America and Middle East and Africa.
Competitive Strategic Window:
The Competitive Strategic Window analyses the competitive landscape in terms of markets, applications, and geographies to help the vendor define an alignment or fit between their capabilities and opportunities for future growth prospects. It describes the optimal or favorable fit for the vendors to adopt successive merger and acquisition strategies, geography expansion, research & development, and new product introduction strategies to execute further business expansion and growth during a forecast period.
An Overview of the Impact of COVID-19 on this Market:
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Key players covered in the global Artificial Blood Market research report:
Green Cross Corporation, North Field Laboratories, Alliance Pharmaceutical Corporation, Baxter, FLUORO2 Therapeutics, Biopure Corporation, Alpha Therapeutics Corps. among others
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Market Share Analysis:
The Market Share Analysis offers the analysis of vendors considering their contribution to the overall market. It provides the idea of its revenue generation into the overall market compared to other vendors in the space. It provides insights into how vendors are performing in terms of revenue generation and customer base compared to others. Knowing market share offers an idea of the size and competitiveness of the vendors for the base year. It reveals the market characteristics in terms of accumulation, fragmentation, dominance, and amalgamation traits.
- Natural substance providers
- Administrative bodies, including government organizations and NGO
- Business innovative work (RandD) establishments
- Merchants and exporters
- Government associations, research associations, and counseling firms
- Exchange affiliations and industry bodies
- End-use enterprises
Major Table of Contents for Artificial Blood Market Research Report:
- Executive Summary
- Market Dynamics
- Key Market Growth Insights
- Global Market Analysis, Insights and Forecast, 2017-2028
- North America Market Analysis, Insights and Forecast, 2017-2028
- Europe Market Analysis, Insights and Forecast, 2017-2028
- Asia Pacific Market Analysis, Insights and Forecast, 2017-2028
- The Middle East and Africa Market Analysis, Insights and Forecast, 2017-2028
- Latin America Market Analysis, Insights and Forecast, 2017-2028
- Competitive Landscape
- Global Artificial Blood Market Revenue Growth, Industry Share Analysis, By Key Players, 2021
- Company Profiles
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