What is Global Autotransfusion Devices and Consumables Market?
The Global Autotransfusion Devices and Consumables Market is a specialized sector within the healthcare industry that focuses on the production and distribution of autotransfusion devices and consumables. Autotransfusion is a process where a person receives their own blood for a transfusion, instead of banked allogenic (separate-donor) blood. There are two types of autotransfusion: blood can be autologously "pre-donated" (termed so despite "donation" not typically referring to giving to one's self) before a surgery, or alternatively, it can be collected during and after the surgery using an intraoperative blood salvage device. The devices used in this process are designed to collect, wash, and reinfuse the blood that is lost during surgery. The consumables, on the other hand, are the disposable components used with these devices. These include blood bags, filters, tubing sets, and other accessories. The market for these devices and consumables is global, with demand driven by hospitals, ambulatory surgical centers, and other healthcare facilities worldwide.
Devices, On-pump Transfusion Devices, Off-pump Transfusion Devices, Consumables in the Global Autotransfusion Devices and Consumables Market:
The Global Autotransfusion Devices and Consumables Market is segmented into devices and consumables. The devices segment is further divided into on-pump transfusion devices and off-pump transfusion devices. On-pump transfusion devices are used during surgeries where the heart is stopped, and the patient's blood is circulated outside the body through a heart-lung machine. Off-pump transfusion devices, on the other hand, are used during surgeries where the heart continues to beat, and the blood is not circulated outside the body. The consumables segment includes all the disposable components used with these devices, such as blood bags, filters, tubing sets, and other accessories. These consumables are essential for the operation of the devices and are replaced regularly to maintain hygiene and functionality. The demand for these devices and consumables is driven by the increasing number of surgeries worldwide and the growing preference for autotransfusion over allogenic transfusion.
Hospitals, Ambulatory Surgical Centers, Others in the Global Autotransfusion Devices and Consumables Market:
The Global Autotransfusion Devices and Consumables Market finds its usage in various areas such as hospitals, ambulatory surgical centers, and others. Hospitals are the largest end-users of these devices and consumables, owing to the high volume of surgeries performed in these settings. These devices and consumables are used in various surgical procedures, including cardiac surgery, orthopedic surgery, vascular surgery, liver transplantation, and trauma procedures. Ambulatory surgical centers are also significant end-users of these devices and consumables. These centers are healthcare facilities where surgical procedures are performed, and the patient is discharged on the same day. The use of autotransfusion devices and consumables in these centers is driven by the increasing number of outpatient surgeries and the growing preference for minimally invasive procedures. Other end-users of these devices and consumables include clinics, diagnostic centers, and home care settings.
Global Autotransfusion Devices and Consumables Market Outlook:
The Global Autotransfusion Devices and Consumables Market has shown significant growth in recent years. In 2022, the market was valued at US$ 758.2 million. This value is expected to increase to US$ 992 million by 2029, indicating a Compound Annual Growth Rate (CAGR) of 3.5% during the forecast period from 2023 to 2029. This growth can be attributed to several factors, including the increasing number of surgeries worldwide, the growing preference for autotransfusion over allogenic transfusion, and the advancements in autotransfusion technology. The market's growth is also driven by the increasing awareness about the benefits of autotransfusion, such as reduced risk of transfusion-related complications and improved patient outcomes. Despite the challenges posed by the high cost of autotransfusion devices and consumables and the lack of skilled professionals, the market is expected to continue its upward trajectory in the coming years.
| Report Metric | Details |
| Report Name | Autotransfusion Devices and Consumables Market |
| Accounted market size in 2023 | US$ 807 million |
| Forecasted market size in 2029 | US$ 992 million |
| Base Year | 2023 |
| Forecasted years | 2023 - 2029 |
| Segment by Type |
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| Segment by Application |
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| Segment by Region |
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| By Company | Becton, Dickinson and Company, Brightwake Ltd., Fresenius, Getinge AB, Haemonetics Corporation, LivaNova PLC, Medtronic Plc., Stryker |
| Forecast units | USD million in value |
| Report coverage | Revenue and volume forecast, company share, competitive landscape, growth factors and trends |
