About Patient Blood Management
Patient Blood Management (PBM) includes all aspects of the patient evaluation as it is the evidence-based multidisciplinary approach for optimizing the care of patients who need a transfusion. It also includes the clinical management associated transfusion process along with the application of appropriate diagnosis and minimization of blood loss. PBM decreases the need for allogeneic blood transfusions by ensuring the blood components required available in the patients lowering the risk of acute kidney damage for the operated patient. According to the study with 130,000 patients, it proved to be a benefit for patients, over more than 100 hospitals across Germany are working on the introduction of the PBM concept
Attributes | Details |
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Study Period | 2017-2027 |
Base Year | 2021 |
Unit | Value (USD Million) |
Established and emerging Players should take a closer view at their existing organizations and reinvent traditional business and operating models to adapt to the future.
B. Braun (Germany), Haemonetics Corporation (United States), Terumo Corporation (Japan), Mediware Information Systems (United States), Bio-Rad Laboratories, Inc. (United States), LivaNova, PLC (United Kingdom), Stratec Biomedical Systems (Diatron) (Germany), Accumen Inc. (United States), BioMerieux (France), Asahi Kasei Corporation (Japan), Grifols, S.A. (Spain) and Immucor, Inc. (United States) are some of the key players that are part of study coverage. Additionally, the Players which are also part of the research coverage are Kawasumi Laboratories, Inc. (Japan) and Fresenius SE & Co. KGaA (Germany).
Segmentation Overview
AMA Research has segmented the market of Global Patient Blood Management market by Type (Transfusion Device, Accessories, Software, Reagents and Kits and Others), Application (Hospitals, Blood Banks, Pathology Labs and Others) and Region.
On the basis of geography, the market of Patient Blood Management has been segmented into South America (Brazil, Argentina, Rest of South America), Asia Pacific (China, Japan, India, South Korea, Taiwan, Australia, Rest of Asia-Pacific), Europe (Germany, France, Italy, United Kingdom, Netherlands, Rest of Europe), MEA (Middle East, Africa), North America (United States, Canada, Mexico). North America region held largest market share in the year 2021. If we see Market by Components, the sub-segment i.e. Whole Blood will boost the Patient Blood Management market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth. If we see Market by Services, the sub-segment i.e. Surgical {Pre-operative, Intra-operative, Post-operative} will boost the Patient Blood Management market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth. If we see Market by System, the sub-segment i.e. Whole Blood Collection will boost the Patient Blood Management market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth.
Market Leaders and their expansionary development strategies
On 19th August 2019, Accumen Inc. acquired the Patient Readiness Institutes offering MyBloodHealth for bringing virtual preoperative anemia management solutions scaled for hospitals of any size to Acumen clients. This technology will allow Acumen's clients to bring a data-driven preoperative anemia approach to the patients.
On 5th December 2019, Haemonetics announced the commercial launch of the next generation of its SafeTrace TX transfusion management software (blood management) in North America. The product is a specialized transfusion management system used in the blood bank for managing patient and blood product data and assisting in determining the blood product suitability for patient transfusion. and The software ensures the safety of patient transfusion of blood by guarding against the mistakes and protecting it from the errors with improved data visualizations.
"The NSQHS Standards Blood Management Standard aims to ensure that patients who receive blood and blood products do so appropriately and safely. Patient Blood Management (PBM) is a multidisciplinary approach that promotes appropriate care for patients and reduces exposure to unnecessary blood transfusions. To reduce unnecessary clinical variation and morbidity and mortality associated with preoperative anaemia, the Commission has established the National Patient Blood Management Collaborative (the Collaborative). A systematic review has identified an independent association between pre-operative anaemia and increase morbidity and mortality, and an increased likelihood of red blood cell (RBC) transfusion. As pre-operative anaemia management could reduce RBC transfusions and reduce post-surgery morbidity, mortality and length-of-stay in hospital."
Market Drivers
- There is a growing need for safety enhancement in blood-related product management due to the increasing prevalence of blood-related disease and road accidents for the timely availability of blood. It also includes proper management of other systems and services associated with patients' treatment.
Opportunities
- Introduction of Patient Blood Management Programs Across the Country
- Surging Spendings on Healthcare Industry
Restraints
- The Risk of Adverse Effects on Blood Transfusion
- Regulatory Norms Involved with Patient Blood Management
Challenges
- Less Awareness in Many Rural Areas of the World
Key Target Audience
Blood Devices and Accessories Manufacturers, Industry Associations, Regulatory Bodies, Hospitals, Software Providers, Pathology Laboratories, Potential Investors and Others
About Approach
To evaluate and validate the market size various sources including primary and secondary analysis is utilized. AMA Research follows regulatory standards such as NAICS/SIC/ICB/TRCB, to have the better understanding of the market. The market study is conducted on basis of more than 200 companies dealing in the market regional as well as global areas with purpose to understand companys positioning regarding market value, volume and their market share for regional as well as global.
Further to bring relevance specific to any niche market we set and apply number of criteria like Geographic Footprints, Regional Segments of Revenue, Operational Centres, etc. The next step is to finalize a team (In-House + Data Agencies) who then starts collecting C & D level executives and profiles, Industry experts, Opinion leaders etc. and work towards appointment generation.
The primary research is performed by taking the interviews of executives of various companies dealing in the market as well as using the survey reports, research institute, and latest research reports. Meanwhile, analyst team keeps preparing set of questionnaires and after getting appointee list; the target audience are then tapped and segregated with various mediums and channels that are feasible for making connection that includes email communication, telephonic, skype, LinkedIn Group & InMail, Community Forums, Community Forums, open Survey, SurveyMonkey etc.