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Autotransfusion Device Market Forecast to 2027 - COVID-19 Impact and Global Analysis by Type ; Application ; End User ; and Geography

Autotransfusion Device Market Forecast to 2027 - COVID-19 Impact and Global Analysis by Type ; Application ; End User ; and Geography

  • October 2020
  • 178 pages
  • ID: 5988351
  • Format: PDF
  • The Insight Partners
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The autotransfusion device market was valued at US$ 936.64 million in 2019 and is projected to reach US$ 1,270.67 million by 2027; it is expected to grow at a CAGR of 4.0% from 2020 to 2027.

Factors such as involvement of rare blood groups, rising number of transplant procedures, and rising prevalence of chronic diseases are expected to boost the market growth over the years. However, risks associated with autotransfusion are likely to pose a negative impact on the market growth.On the other hand, need for reinfusion of blood is likely to have a positive impact on the growth of the global autotransfusion device market in the coming years.

Organ transplantation is a surgical procedure that is done in case a patient’s organ stops functioning entirely.Although, the organ transplantation is generally done for organs such as heart, liver, and kidney, the rising cases of chronic diseases are leading to the need for transplantation for the other organs such as lung, pancreases, cornea, and vascular tissues.

Organ transplantation is considered one of the advanced procedures in the modern medical industry.These types of procedures generally take hours, along with ample amount of blood loss.

Thus the autotransfusion is one of the useful methods to prevent blood loss with the help of autotransfusion devices.According to the National Chronic Kidney Disease fact sheet, in 2017, ~30 million people have chronic kidney diseases in the US.

Further, according to the National Institute of Diabetes and Digestive and Kidney Diseases, about 661,000 Americans have kidney failure, out of which 468,000 patients are undergoing dialysis, and 193,000 have undergone kidney transplantation. Owing to these facts, the cases of kidney transplantations are likely to increase in the coming years. Thus, the rising need for organ transplantation is among the key factors driving the autotransfusion devices market .

Based on type, the autotransfusion device market is segmented into products and accessories.The accessories segment held a larger market share in 2019 and is expected to dominate the market in 2027 as they ready to use and are pre sterilized, thereby helping in quick use during emergency cases.

Moreover, the samesegment is anticipated to also witness the fastest growth rate of 4.5% during the forecast period.

Based on application, the global autotransfusion device market is segmented into cardiac surgeries, orthopedic surgeries, organ transplantation, trauma procedures, and others.In 2019, the cardiac surgeries segment held the largest market share.

The organ transplantation segment is also expected to dominate the market in 2027 as a diseased organ is replaced with a healthy organ. Moreover, the organ transplantation segment is anticipated to also witness the fastest growth rate of 6.1% during the forecast period.

Some of the major primary and secondary sources for autotransfusion device included in the report are the World Health Organization (WHO), Centers for Disease Control and Prevention (CDC), Organ Procurement and Transplantation Network (OPTN), American Academy of Orthopedic Surgeons, American Academy of Orthopedic Surgeons, Department of Industrial Policy and Promotion (DIPP), National Center for Biotechnology Information (NCBI), Business Monitor International (BMI), National Institute of Cancer Prevention and Research (NICPR), and Indian Council of Medical Research (ICMR), among others.

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