Industry Background:
Artificial blood is sometimes known as a blood substitute or a blood surrogate. Artificial blood is a novel idea in transfusion medicine in which specially made compounds replace the role of allogenic human blood transfusion by transporting and delivering oxygen in the body. These dark crimson or burgundy blood replacements are frequently derived from RBCs of expired human blood, cow blood, hemoglobin-producing genetically engineered microorganisms, or human placentas. The synthetic haemoglobin molecules have been tweaked to form a strong structure and to function without the protective cover of RBCS.This growth is primarily driven by Rising demand for blood transfusion
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Attributes | Details |
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Study Period | 2018-2028 |
Base Year | 2022 |
Forecast Period | 2023-2028 |
Volume Unit | K Units |
Value Unit | USD (Million) |
Customization Scope | Avail customization with purchase of this report. Add or modify country, region & or narrow down segments in the final scope subject to feasibility |
The Health Care Facilities sector in the
region has been increasing at a sustainable rate and further growth is expected to be witnessed over the forecast period, owing to the robust investments and expansion in production facilities in the region. Major Players, such as Dextro-Sang Corporation (United States), BioPure Corporation (United States), Sangart (United States), Northfield Laboratories (United States), Baxter International (United States), FluorO2 Therapeutics (United States), Nuvox Pharma (United States), Alpha Therapeutic Corporation (United States), HemoBioTech (United States) and Hemarina (France), etc have either set up their manufacturing facilities or are planning to start new provision in the dominated region in the upcoming years.
Key Developments in the Market:
In March 2021, Hemarina demonstrated the anti-inflammatory and antibacterial properties of M101 for the treatment of periodontitis. This study validated the qualities of Hemarina’s technological platform, based on the M101 molecule, an “oxygen carrier” derived from the haemoglobin of the marine worm.
In 2020, NuvOx Pharma Announces Appointment of Jon S. Saxe to Its Board of Directors. Saxe brings to NuvOx many years of experience from the biotechnology, pharmaceutical and venture capital industries. He has served as a director of more than 25 companies and currently is a director of several publicly traded biotechnology companies including Vistagen Therapeutics and DURECT Corporation as well as a number of private companies. He was president of PDL BioPharma Protein and also was president and CEO of Synergen, a biotechnology company purchased by Amgen. Prior to his work at biotech companies Saxe was vice president of licensing and corporate development and head of patent law for Hoffmann-LaRoche Inc., where he worked for 29 years.The global market is highly competitive and consists of a limited number of providers who compete with each other. The intense competition, changing consumer spending patterns, demographic trends, and frequent changes in consumer preferences pose significant opportunities for market growth.
Influencing Trend:
Introduction to new blood technology
Market Growth Drivers:
Rising demand for blood transfusion and Increasing prevalence diseases
Challenges:
Shortage of availability of blood
Restraints:
High cost associated with bloods
Opportunities:
Growing awareness of blood donation
AMA Research follows a focused and realistic research framework that provides the ability to study the crucial market dynamics in several regions across the world. Moreover, an in-depth assessment is mainly conducted by our analysts on geographical regions to provide clients and businesses the opportunity to dominate in niche markets and expand in emerging markets across the globe. This market research study also showcases the spontaneously changing Players landscape impacting the market's growth. Furthermore, our market researchers extensively analyze the products and services offered by multiple players competing to increase their market share and presence.
Data Sources of Artificial Blood Market Study
Primary Collection: InMail, LinkedIn Groups, Survey Monkey, Google, and Other professional Forums are some of the mediums utilized to gather primary data through key industry participants and appointees, subject-matter experts, C-level executives of Artificial Blood Industry, among others including independent industry consultants, experts, to obtain and verify critical qualitative commentary and opinion and quantitative statistics, to assess future market prospects.
The primary interviews and data collected as per the below protocols: By Designation: C-Level, D-Level, Others
By Company Type: Tier 1, Tier 2, Tier 3
Secondary Data Sources such as Annual reports, Press releases, Analyst meetings, Conference calls, Investor presentations, Management statements, and SEC filings of Artificial Blood players along with Regulatory Sites, Association, World bank, etc were used as sources secondary set of data.
Customization in the Report
AMA Research features not only specific market forecasts but also includes significant value-added commentary on:
- Market Trends
- Technological Trends and Innovations
- Market Maturity Indicators
- Growth Drivers and Constraints
- New Entrants into the Market & Entry/Exit Barriers
- To Seize Powerful Market Opportunities
- Identify Key Business Segments, Market Proposition & Gap Analysis
Against this Challenging Backdrop, Artificial Blood Study Sheds Light on
The Artificial Blood Market status quo and key characteristics. To end this, Analysts at AMA organize and took surveys of the Artificial Blood industry Players. The resultant snapshot serves as a basis for understanding why and how the industry can be expected to change.
Where Artificial Blood industry is heading and what are the top priorities. Insights are drawn from financial analysis, surveys, and interviews with key executives and industry experts.
How every company in this diverse set of Players can best navigate the emerging competition landscape and follow a strategy that helps them position to hold the value they currently claim or capture the new addressable opportunity.