The latest report on Autotransfusion Devices Market (by product types (on pump transfusion devices and off-pump transfusion devices), end-use (ambulatory surgical centers, hospitals, emergency rooms, nursing homes and others)) provides complete and deep insights into the market dynamics and growth of autotransfusion devices industry. The latest information on market risks, industry chain structure autotransfusion devices cost structure and opportunities are offered in this report. The past, present and forecast market information will lead to investment feasibility by studying the essential autotransfusion devices growth factors. According to report the global autotransfusion devices market is projected to grow at a CAGR of 6.5% over the forecast period of 2018-2024.
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The transfusion is the term used for the process of transferring donated blood or the blood products into the cardiovascular systems of a person or animal. In the Auto-transfusion process, a person receives their own blood for transfusion, instead of taking it from a separate donors. There are basic two types of transfusion, the blood is donated before surgery or alternatively it can be collected during and after the surgery. Depending upon the types of transfusion the auto-transfusion devices are used. The autotransfusion devices are used in surgeries where there is expected a large volume of blood loss such as joint replacement, spinal surgeries, and others. The Auto-transfusion devices used in the medical procedures to recover the blood loss during the surgeries and refurnishing into the patients. On pump and off-pump are the basic auto-transfusion devices are used in the auto-transfusion process.
High Occurrence of Cardiac Diseases Leads to the Huge Demand of Auto-Transfusion Across the Globe
The high occurrence of cardiac diseases leads to the huge demand of auto-transfusion across the globe. The growing demand of auto-transfusing devices are driving the growth of the auto-transfusion device market. According to the trusted source, around 85 million people across the world are suffering from cardiac disorders. The allogeneic blood transfusion used in the cardiac surgeries creates high blood losses owing to which intraoperative blood salvage devices are mostly used to collect blood from the patient’s body which can be later used for autotransfusion. Thus, the adoption of auto transfusing is increasing that likely to boost the demand of the autotransfusion device market.
In addition, ongoing innovations in the Auto-transfusion systems are anticipated to contribute in the growth of the auto-transfusion device market. However, Lack of availability of skilled workforce is hampering the growth of the auto-transfusion devices market. Moreover, the growing adoption of auto-transfusion devices in hospitals & clinics are projected to escalate new opportunities in the auto-transfusion market.
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North America Holds the Maximum Market Share in the Auto-Transfusion Device Market
Geographically, North America holds the maximum market share in the auto-transfusion device market. The growing cardiac problem increase usage of a large number of devices and developed healthcare infrastructure are the key factors driving the growth of the auto-transfusion device market in the North America region. In addition, favorable reimbursement policies across countries such as the U.S and Canada are further facilitating growth in the North America region. Furthermore, the Asia Pacific region is the fastest-growing region in the auto-transfusion market owing to the growing healthcare infrastructure and high demand of auto-transfusion devices linked with rising cardiac surgeries in this region.
Fastest Growing Segments in the Autotransfusion Devices Industry
The report on the global autotransfusion devices market covers segments such as, product types and end-users. On the basis of product types, the global autotransfusion devices market is categorized into on pump transfusion devices and off-pump transfusion devices. On the basis of end-users, the global autotransfusion devices market is categorized into ambulatory surgical centers, hospitals, emergency rooms, nursing homes, and others.
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Key Players and the Regions of the Autotransfusion Devices Industry
The report provides profiles of the companies in the global autotransfusion devices market such as, Fresenius Kabi, Haemonetics, Medtronic, Stryker, Atrium Medical, LivaNova, Terumo Corporation and Advancis Surgical.
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- Comprehensive analysis of global as well as regional markets of the autotransfusion devices.
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- Infinium Global Research– Growth Matrix presents an analysis of the product segments and geographies that market players should focus to invest, consolidate, expand and/or diversify.