Artificial Blood Market Analysis Report 2021: Current Industry Trends, Share and Size, Top Leading Players Data and Analysis of Future Development and Prospects till 2030

In a recent published report, Kenneth Research has updated the market report for Artificial Blood Market for 2021 till 2030. Report further now discusses; the various strategies to be adopted or being adopted by the business players across the globe at various levels in the value chain. In the view of the global economic slowdown, we further estimated that China, India, Japan and South Korea to recover fastest amongst all the countries in the Asian market. Germany, France, Italy, Spain to take the worst hit and this hit is expected to be regain 25% by the end of 2021- Positive Growth in the economic demand and supply.

U.S. Market recovers fast; In a release on May 4th 2021, the U.S. Bureau and Economic Analsysis and U.S. Census Bureau mentions the recovery in the U.S. International trade in March 2021. Exports in the country reached $200 billion, up by $12.4  billion in Feb 2021. Following the continuous incremental trend, imports tallied at $274.5 billion, picked up by $16.4 billion in Feb 2021. However, as COVID19 still haunts the economies across the globe, year-over-year (y-o-y) avergae exports in the U.S. declined by $7.0 billion from March 2020 till March 2021 whilest imports increased by $20.7 billion during the same time. This definitely shows how the market is trying to recover back and this will have a direct impact on the Healthcare/ICT/Chemical industries, creating a huge demand for Artificial Blood Market products.

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Moreover, the median health expenditure per capita recorded in the high-income, upper-middle income, and low & lower-middle income countries, recorded to be over USD 2,000, USD 400, and USD 100 respectively. Additionally, in the same year, the spending on health in high-income countries and in the low- and middle-income countries comprised approximately 8.2% and 6.3% of the GDP respectively.

“Final Report will add the analysis of the impact of COVID-19 on this industry.”

Global Artificial Blood Market is estimated to reach $10.73 billion by 2025; growing at a CAGR of 20.3% from 2017 to 2025. Artificial blood, also known as synthetic blood substitute or blood surrogate is a substance used as a replacement to biological blood. It is intended to offer an alternate to blood transfusion, transfer of blood or blood-based products from one to another individual. By use of artificial blood, it can be possible for doctors and surgeons to sidestep the risk of disease transmission and immune suppression and address the chronic blood donor shortage. Main aim of artificial blood use is transportation of oxygen and carbon dioxide across the body. In every year, thousands of people die due to blood loss during traumatic injuries & diseases. The increasing need of an alternate to overcome blood supply shortage & increased awareness and incidence of transfusion transmitted diseases led to the discovery of artificial blood substitutes.

Key factors driving the growth of the global artificial blood market include need for an alternate to overcome blood supply shortage, lack of blood donors, growing demand for blood transfusion in cases like blood loss during surgeries, anemia, and trauma, and anemia, growing occurrence of disease looking for medical surgeries, and military wars & trauma cases. On the flip side, uncertainty & lower shelf life of artificial blood products and strict regulatory approval process may hamper the growth of the artificial blood market. Moreover, arrival of stem cell therapy would create new opportunities for players in this market.

The artificial blood market has been categorized on the basis of source, type, product, and geography. Source includes human blood, synthetic blood, and animal blood. By type, market is categorized into hemoglobin-based oxygen carriers (HBOCs), and perflurocarbon emulsions (PFCEs). Product includes hemospan, hemopure, polyheme, hemolink, hemotech, oxycyte, hemoassist, VIDAPHOR, PHER-O2, DDFPe, and sanguinate.

Global artificial blood market, on the basis of geography is segmented into North America, Europe, Asia-Pacific, and Rest of the World (RoW). North America is further bifurcated into U.S., Canada, and Mexico whereas Europe segment consist of UK, Russia, Germany, France, Italy, and Rest of Europe. Asia-Pacific is segmented into India, China, Japan, South Korea, and Rest of Asia-Pacific while RoW is bifurcated into South America, Middle East, and Africa.

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The key players operating in the market are Dextro-Sang Corporation, BioPure Corporation, Sangart, Inc., Northfield Laboratories, Baxter International, Dentritech, Inc., FluorO2 Therapeutics, Inc., Nuvox Pharma Llc, Alpha Therapeutic Corporation, and HemoBioTech, Inc., among others.

The key takeaways from the report
The report will provide detailed analysis of Global Artificial Blood Market with respect to major segments such as source, type, and product
The report will include the qualitative and quantitative analysis with market estimation over 2016 – 2025 and compound annual growth rate (CAGR) between 2017 and 2025

Comprehensive analysis of market dynamics including factors and opportunities will be provided in the report
An exhaustive regional analysis of Global Artificial Blood Market has been included in the report

Profile of the key players in the Global Artificial Blood Market will be provided, which include key financials, product & Synthetic Platelets, new developments and business strategies
Scope of the Global Artificial Blood Market

Source Segments

Human Blood
Synthetic Blood
Animal Blood
Type Segments

Hemoglobin-Based Oxygen Carriers (HBOCs)
Perflurocarbon Emulsions (PFCEs)
Product Segments

Geographical Segments

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North America
Rest of Europe
South Korea
Rest of Asia-Pacific
South America
Middle East

Table of Contents
Chapter 1 Prefix
1.1 Market Scope
1.2 Report Description
1.3 Research Methodology
1.3.1 Primary Research
1.3.2 Secondary Research
1.3.3 In-house Data Modeling
Chapter 2 Executive Summary
2.1 Global Artificial Blood Market Year-on-Year Growth, 2017 – 2025 (%)
Chapter 3 Market Outline
3.1 Market Inclination, Trend, Outlook and Viewpoint
3.2 Market Share Analysis: Company’s Competitive Scenario
3.3 Market Dynamics
3.3.1 Drivers Impact Analysis
3.3.2 Restraints Impact Analysis
3.3.3 Opportunities

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