Blood transfusion is the process of adding blood into the body after a serious injury or illness. The process of blood transfusion is carried out by placing a venous access device and catheter into either a peripheral or central vein or passing the blood or blood component through an infusion pump or apheresis systems.
The blood transfusion process has wide applications in the treatment of various medical conditions such as blood disorders, autoimmune disorders, cancer, renal disorders, surgical procedures, and others.
Market Dynamics
The global blood transfusion devices market is expected to witness significant growth during the forecast period, owing to increasing number of accidents. Accidents result in severe blood loss, which increases demand for blood transfusion. For instance, according to the World Health Organization (WHO) 2020, approximately 1.35 million people die each year due to road accidents, and between 20 and 50 million people suffer from non-fatal injuries, globally.
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