Blood processing devices and consumables are required for managing blood constituents and storing blood. In addition, they are also used for separation of blood components into RBCs, WBCs, plasma, or platelets. Storage of blood for long durations is done using lancets, blood bags, freezers, and refrigerators. Moreover, the devices and consumables such as cell processors, hematology reagents, and various laboratory equipment are also used for processing of blood. Blood processing devices and consumables are used for testing to check presence of any kind of hematological abnormalities or blood-borne diseases before blood transfusion.
The major driver for the market includes diagnosis of various diseases such as cancer, diabetes, and cardiac disease. Hence owing to these factors global blood processing devices and consumables market is expected to grow during forecast period. However, the high cost of blood processing devices and consumables can be considered as one of the major restraint of the market.
Market Dynamics
Key driver of the blood processing devices and consumables is that it helps to eliminate the risk of spreading of blood transfused disease such as AIDS and diabetes owing to the reason governments around the world are taking initiatives for advocating use of blood processing devices and consumables. The government of various countries are providing reimbursement policies for supporting blood processing. For instance, Blood Transfusion organization was selected to be partner with WHO Cooperative Center of blood health education and research from September 2021 to September 2025. Hence, the growing government initiatives is contributing to the growth of global blood processing devices and consumables market. Moreover, the growth of cell therapy field which requires separation of blood components is also expected to boost the market.
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