Global Artificial Blood Substitutes Market 2019-2023
A key factor driving the growth of the global artificial blood substitutes market size is the presence of a large patient pool with intraoperative complications. The presence of a large patient pool with various disorders such as cancer, CVDs, malignant neoplasms, neonatal conditions, and organ transplants is increasing the demand for blood transfusion. The need for a solution to overcome blood supply shortage and growing awareness and incidence of transfusion-transmitted diseases is increasing the demand for artificial blood substitutes. This is expected to fuel the artificial blood substitutes market expansion during the forecast period.
Global Artificial Blood Substitutes Market: Product Innovations
The global artificial blood substitutes market is witnessing significant innovations and advances that are driving the demand for blood substitutes that can effectively mimic the properties of blood. Vendors are constantly focusing on bringing innovative and advanced products to cater to the growing demand for these products. For instance, vendors are using PFC-based oxygen carrier to develop products that can be used as a novel stroke management product through combined diagnostics and therapeutics properties for acute ischemic stroke (AIS).
Global Artificial Blood Substitutes Market: Segmentation Analysis
This market research report segments the global artificial blood substitutes market by product (HBOC, and PFBOC) and geographic regions (North America, Europe, Asia, and ROW).
The North American region led the artificial blood substitutes market in 2018, followed by Europe, Asia, and ROW respectively. The growth of the artificial blood substitutes market in North America can be attributed to factors such as the presence of a well-established healthcare system in countries such as the US and Canada, high expenditure on healthcare research, and thriving private healthcare sector.
Global Artificial Blood Substitutes Market: Product Innovations
The global artificial blood substitutes market is witnessing significant innovations and advances that are driving the demand for blood substitutes that can effectively mimic the properties of blood. Vendors are constantly focusing on bringing innovative and advanced products to cater to the growing demand for these products. For instance, vendors are using PFC-based oxygen carrier to develop products that can be used as a novel stroke management product through combined diagnostics and therapeutics properties for acute ischemic stroke (AIS).
Global Artificial Blood Substitutes Market: Segmentation Analysis
This market research report segments the global artificial blood substitutes market by product (HBOC, and PFBOC) and geographic regions (North America, Europe, Asia, and ROW).
The North American region led the artificial blood substitutes market in 2018, followed by Europe, Asia, and ROW respectively. The growth of the artificial blood substitutes market in North America can be attributed to factors such as the presence of a well-established healthcare system in countries such as the US and Canada, high expenditure on healthcare research, and thriving private healthcare sector.
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