Global Blood Platelets Market (2021 to 2026) - Growth, Trends, COVID-19 Impact and Forecasts - ResearchAndMarkets.com

The "Blood Platelets Market - Growth, Trends, COVID-19 Impact, and Forecasts (2021 - 2026)" report has been added to ResearchAndMarkets.com's offering.

The Blood Platelets market is projected to register a CAGR of more than 3% during the forecast period.

Companies Mentioned

• The American National Red Cross
• America's Blood Centers
• Blood Centers of America
• American Association of Blood Banks (AABB)
• Canadian Blood Services
• Cellphire, Inc.
• The European Blood Alliance
• DRK-Blutspendedienst Nord-Ost gemeinnutzige GmbH
• OneBlood
• Megakaryon Corporation
• PlateletBio

Key Market Trends

Platelet Function Disorders Segment is Expected to Witness a Significant CAGR Over the Forecast Period

Based on applications, platelet function disorders are predicted to witness significant growth. The major factors owing to the growth of the segment are the increasing prevalence of cancer. Chronic myelogenous leukemia and multiple myeloma cancers lead to the development of acquired platelet function disorders in some cancer patients. Therefore, cancer patients must undergo platelet transfusions frequently. As per the estimates by the American Cancer Society, about 34,920 people will be diagnosed with multiple myeloma in 2021 in the United States.

In addition, as per the 2021 statistics by the Cancer Research UK, incidence rates for myeloma are projected to increase by 11% in the United Kingdom between 2014 and 2035. Such numbers indicate the rising demand for platelet transfusion in treatment of cancer patients. In addition, chronic platelet function disorders also contribute to the increasing demand for platelet transfusion. Thus, the administration of platelets in such patients is frequently performed in the in order to mitigate complications including RBC requirements, surgical blood loss, and reoperation for bleeding. Thus, in view of the aforementioned factors, the segment is anticipated to grow significantly over the forecast period.

North America accounted for the Largest Share in the Global Market

In North America, United States held a major share for the blood platelets market and is expected to show a similar trend over the forecast period, without significant fluctuations. This is majorly attributed to the factors such as the presence of several organizations engaged in the distribution of blood components. Moreover, these organizations in the region are engaged in increasing awareness in the region regarding the importance of blood donation that is increasing the number of blood donors in the region.

For instance, according the 2020 statistics by the Centers for Disease Control and Prevention (CDC), presently, there are more than 13.2 million blood donors in the United States. In addition, the number of platelet transfusions in the region has boosted the demand for blood platelets. For instance, as per the 2021 statistics by The American National Red Cross, approximately 21 million blood components are transfused each year in the United States. Thus, in view of the above-mentioned factors, the blood platelets market is anticipated to grow significantly over the forecast period in North America.

Key Topics Covered:

1 INTRODUCTION

2 RESEARCH METHODOLOGY

3 EXECUTIVE SUMMARY

4 MARKET DYNAMICS

4.1 Market Overview

4.2 Market Drivers

4.2.1 Rising Number of Surgical Procedures

4.2.2 Increasing Prevalence of Chronic and Blood-related Disorders

4.3 Market Restraints

4.3.1 High Cost and Risk of Infections in Transfusion Procedure

4.3.2 Shortage of Blood Donors

4.4 Porter's Five Force Analysis

5 MARKET SEGMENTATION (Market Size by Value - USD million)

5.1 By Applications

5.2 End User

5.3 Geography

6 COMPETITIVE LANDSCAPE

6.1 Company Profiles

7 MARKET OPPORTUNITIES AND FUTURE TRENDS

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