Title: Blood Platelet Market estimated to gain high demand by 2026
1Blood Platelet Market Development Trends and
Growth Drivers Analysis by 2026
- The blood platelets market is poised to accrue
considerable revenue growth owing to increasing
adoption of blood transfusion procedures
worldwide. Blood platelet plays an important role
in human anatomy and its deficiency can lead to
life-threatening situations. These platelets help
in controlling or preventing blood loss. As per a
report by the World Health Organization (WHO),
nearly 51,400 hospitals from a total of 120
countries conduct blood transfusion operations,
serving approximately 6 billion people. - Rising prevalence of infectious diseases such as
dengue have led to initiation of numerous blood
donation drives across the globe. In critical
cases, blood platelet transfusion becomes a
necessary option for treating such diseases.
Presence of large geriatric population base
across Northeastern Europe has led to a 12
increase in demand for blood transfusions. This
could boost the number of blood banks in European
nations over the forthcoming years. Considering
these factors, Global Market Insights, Inc.,
estimates that the blood platelet market might
reach USD 5.1 billion by the year 2026.
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2- As of now, there are 60 accredited and certified
blood banks in Norwegian hospitals that offer
transfusion of all blood components. Growing
cases of surgeries including brain surgeries,
orthopedic surgeries, and open heart surgeries
might enhance business outlook for blood platelet
providers. Besides, SARS-CoV-2 infection, which
is considered as a platelet dysfunction disorder,
has accelerated the need for hospital-based blood
transfusion services.
- Citing a recent article published by the Orphanet
Journal of Rare Diseases, nearly 25 of the
Brazilian population have opted for health
insurance coverage. As a result, the country is
likely to witness a significant rise in supply
and demand for blood components. Such growth in
the future could massively enhance the regional
business outlook.
- Companies operating in the blood platelet
industry are taking part in multiple blood
donation campaigns as well as blood supply
services to fulfil the ever-growing need for
healthy blood and blood components. Companies are
focusing on developing new treatment options and
drugs to enhance the presence of blood platelets.
- Taking November 2020 for instance, Medison Pharma
and Rigel Pharmaceuticals revealed that Health
Canada has cleared their new drug submission
(NDS) for TAVALISSE, the drug responsible for
treating thrombocytopenia (low blood platelets)
in adults suffering from chronic immune
thrombocytopenia (ITP).
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4- On the regional forefront, Latin America is
regarded as a promising market for blood platelet
companies. Countries like Brazil have dominated
the regional market share and had attained a
valuation of 93 million in 2019. This growth can
be attributed to proliferating demand for blood
components across the country and rising
awareness of the benefits of blood donations.
- Currently, companies like Americas Blood
Centers, American National Red Cross, Blood
Centers of America, American Association of Blood
Banks (AABB), Canadian Blood Services, Brazilian
Red Cross, OneBlood and European Blood Alliance
(EBA) are leading the industry landscape with
their pioneering services.
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