The market for blood filtering device is expected to grow at a CAGR of around 4.3% from 2020 to 2027 and expected to reach the market value of around US$ 517.6 Mn by 2027.
Blood is composed of plasma solution and blood cells, where plasma solution contains several valuable proteins like immunoglobulin, factor VIII, factor IX, albumin, and vitronectin. Additionally, blood cells include erythrocytes, lymphocytes, monocytes, macrophages, neutrophils, basophils, eosinophils, megakaryocytes/platelets, and dendritic cells, and hematopoietic stem cells (HSCs). Blood needs to be filtered while transfusion in order to remove clots and small clumps of platelets and white blood cells that form during collection and storage. Naturally, the filtration of blood and other fluid is done by the kidneys in the human body. In a single day, kidneys filter about 150 quarts of blood. Artificially, blood filtration is performed by hemodialysis membranes, leukocyte removal filter, and plasma separation membranes
Market Dynamics
The increasing prevalence of diseases that require blood transfusions such as anemia, sickle cell disease, bleeding disorders like hemophilia, or cancer among others is propelling the market value. The increasing number of patients with chronic kidney diseases (CKD) is accelerating the demand for blood filtering devices in the market. CKD is commonly caused due to high blood pressure and doesn’t improve over time, it disables the normal functioning of the kidney and the condition requires performing dialysis that helps to filter and purify the blood with the help of an external machine. The global pandemic combined-19 is further bolstering the market value because the people with kidney disease, transplant recipients, and other severe chronic medical conditions are at high risk for developing coronavirus. As the people have weaker immune systems and it becomes harder for them to fight infections and it is important to continue with their regularly scheduled dialysis treatments. Additionally, the ongoing efforts to reduce the cost of procedures by the major players are projected to create potential opportunities over the estimated timeframe from 2020 to 2027.
On the other side, the risk and high cost associated with the procedure of blood transfusion are projected to limit the growth to an extent over the forecast period from 2020 to 2027.
Segment Instance
The modern transfusion medicine transfuses the patients only with the required components, while in the traditional system whole blood collected was simply stored and transfused as it is to a patient. The new technique of blood processing is introduced, where if the patient is deficient in red cells only, then transfusion of other components including white cells, platelets, and plasma is not required and the component is used in other patients with the deficiency of the same. As a part of the process, whole blood is processed into various components and each component is stored under ideal storage condition (temperature, etc.) to ensure that the product is most effective when it is used. Additionally, special preservative solutions and blood bags are used to lengthen the expiry time and improve product quality.
North America accounted for the maximum revenue share in the market
In 2019, North America is leading the market with maximum revenue share owing to the increasing geriatric population and rising prevalence of chronic diseases. The major economies of the region including US and Canada are the major contributors to the regional market value. Around 13% of adults have CKD in US and the leading cause is diabetes and high blood pressure. Moreover, the US kidney failure cases comprises of 44% and 28% of diabetes and high blood pressure respectively in 2014. The primary reason for increasing diabetes rates is increasing obesity rates. Furthermore, in 2014 approx 430,000 Americans rely on regular blood-filtering dialysis treatments to survive with kidney failure. Furthermore, Asia Pacific is projected to exhibit the fastest growth with major CAGR (%) over the forecast timeframe from 2020 to 2027.
The players profiled in the report include Asahi Kasei Medical, BAINE, Braile Biomédica, Chengdu Shuanglu, GVS, Haemonetics, Infomed, Kaneka, KAWASUMI, Macopharma, Medtronic, Merck & Co., Inc., MITRA, Nanjing Celgene, Nanjing Shuangwei, Shandong Zhongbaokang, and Terumobct. The major blood filtering device players were involved in strategic developments for escalating the profit share in regional as well as the global market. The major investments were announced in the blood filtering device market for technological advancements in the field.
Market Segmentation
Market By Type
Hemodialysis Membranes
Leukocyte Removal Filter
Plasma Separation Membranes
Market By Applications
Blood Processing
Blood Transfusion
- Red cell transfusion
- Platelet transfusion
- Whole blood transfusion
Market By End User
Medical Centre
Hospitals
Ambulatory Surgical Centre
Others
Market By Geography
North America
Europe
- UK
- Germany
- France
- Spain
- Rest of Europe
Asia-Pacific
- China
- Japan
- India
- Australia
- South Korea
- Rest of Asia-Pacific
Latin America
- Brazil
- Mexico
- Rest of Latin America
Middle East & Africa
- GCC
- South Africa
- Rest of Middle East & Africa
Chapter 1. Industry Overview of Blood Filtering Device
1.1 Definition and Scope
1.1.1 Definition of Blood Filtering Device
1.1.2 Market Segmentation
1.1.3 Years Considered for the Study
1.1.4 Assumptions and Acronyms Used
1.1.4.1 Market Assumptions and Market Forecast
1.1.4.2 Acronyms Used In Global Blood Filtering Device Market
1.2 Summary
1.2.1 Executive Summery
1.2.2 Blood Filtering Device Market By Type
1.2.3 Global Blood Filtering Device Market By Applications
1.2.4 Global Blood Filtering Device Market By End User
1.2.5 Global Blood Filtering Device Market by Regions
Chapter 2. Research Approach
2.1 Methodology
2.1.1 Research Programs/By End User
2.1.2 Market Size Estimation
2.1.3 Market Breakdown and Data Triangulation
2.2 Data Source
2.2.1 Secondary Sources
2.2.2 Primary Sources
Chapter 3. Market Dynamics and Competition Analysis
3.1 Market Drivers
3.1.1 Driver 1
3.1.2 Driver 2
3.2 Restraints and Challenges
3.2.1 Restraint 1
3.2.2 Restraint 2
3.3 Growth Opportunities
3.3.1 Opportunity 1
3.3.2 Opportunity 2
3.4 Porter’s Five Forces Analysis
3.4.1 Bargaining Power of Suppliers
3.4.2 Bargaining Power of Buyers
3.4.3 Threat of Substitute
3.4.4 Threat of New Entrants
3.4.5 Degree of Competition
3.5 Market Concentration Ratio And Market Maturity Analysis of Blood Filtering Device Market
3.5.1 Go To Market Strategy
3.5.1.1 Introduction
3.5.1.2 Growth
3.5.1.3 Maturity
3.5.1.4 Saturation
3.5.1.5 Possible Development
3.6 Technological Roadmap for Blood Filtering Device Market
3.7 Value Chain Analysis
3.7.1 List of Key Manufacturers
3.7.2 List of Customers
3.7.3 Level of Integration
3.8 Cost Structure Analysis
3.8.1 Price Trend of Key Raw Materials
3.8.2 Raw Material and Suppliers
3.8.3 Proportion of Manufacturing Cost Structure
3.8.3.1 Raw Material
3.8.3.2 Labor Cost
3.8.3.3 Manufacturing Expense
3.9 Regulatory Compliance
3.10 Competitive Landscape, 2019
3.10.1 Player Positioning Analysis
3.10.2 Key Strategies Adopted By Leading Players
Chapter 4. Manufacturing Plant Analysis
4.1 Manufacturing Plant Location and Establish Date of Global Blood Filtering Device Major Manufacturers in 2019
4.2 R&D Status and By Applications Source of Global Blood Filtering Device Major Manufacturers in 2019
Chapter 5. Blood Filtering Device Market By Type
5.1 Introduction
5.2 Global Blood Filtering Device Revenue (US$ Mn) by Type
5.2.1 Global Blood Filtering Device Market Revenue (US$ Mn) and Forecast By Type, 2016 – 2027
5.2.2 Hemodialysis Membranes
5.2.2.1 Hemodialysis Membranes Market Revenue (US$ Mn) and Growth Rate (%), 2016 - 2027
5.2.3 Leukocyte Removal Filter
5.2.3.1 Leukocyte Removal Filter Market Revenue (US$ Mn) and Growth Rate (%), 2016 - 2027
5.2.4 Plasma Separation Membranes
5.2.4.1 Plasma Separation Membranes Market Revenue (US$ Mn) and Growth Rate (%), 2016 - 2027
5.3 Market Attractive Analysis By Type 2019
Chapter 6. Blood Filtering Device Market By Applications
6.1 Introduction
6.2 Global Blood Filtering Device Revenue (US$ Mn) by Applications
6.2.1 Global Blood Filtering Device Market Revenue (US$ Mn) and Forecast By Applications, 2016 – 2027
6.2.2 Blood Processing
6.2.2.1 Blood Processing Market Revenue (US$ Mn) and Growth Rate (%), 2016 - 2027
6.2.3 Blood Transfusion
6.2.3.1 Blood Transfusion Market Revenue (US$ Mn) and Growth Rate (%), 2016 - 2027
6.3 Market Attractive Analysis By Applications 2019
Chapter 7. Blood Filtering Device Market By End User
7.1 Introduction
7.2 Global Blood Filtering Device Revenue (US$ Mn) by End User
7.2.1 Global Blood Filtering Device Market Revenue (US$ Mn) and Forecast By End User, 2016 – 2027
7.2.2 Medical Centre
7.2.2.1 Medical Centre Market Revenue (US$ Mn) and Growth Rate (%), 2016 - 2027
7.2.3 HOSPITALS
7.2.3.1 HOSPITALS Market Revenue (US$ Mn) and Growth Rate (%), 2016 - 2027
7.2.4 Ambulatory Surgical Centre
7.2.4.1 Ambulatory Surgical Centre Market Revenue (US$ Mn) and Growth Rate (%), 2016 - 2027
7.2.5 Others
7.2.6 Others Market Revenue (US$ Mn) and Growth Rate (%), 2016 - 2027
7.3 Market Attractive Analysis By End User 2019
Chapter 8. North America Blood Filtering Device Market By Country
8.1 North America Blood Filtering Device Market Overview
8.2 U.S.
8.2.1 U.S. Blood Filtering Device Market Revenue (US$ Mn) and Forecast By Type, 2016 - 2027
8.2.2 U.S. Blood Filtering Device Market Revenue (US$ Mn) and Forecast By Applications, 2016 - 2027
8.2.3 U.S. Blood Filtering Device Market Revenue (US$ Mn) and Forecast By End User, 2016 - 2027
8.3 Canada
8.3.1 Canada Blood Filtering Device Market Revenue (US$ Mn) and Forecast By Type, 2016 - 2027
8.3.2 Canada Blood Filtering Device Market Revenue (US$ Mn) and Forecast By Applications, 2016 - 2027
8.3.3 Canada Blood Filtering Device Market Revenue (US$ Mn) and Forecast By End User, 2016 - 2027
8.4 North America PEST Analysis
Chapter 9. Europe Blood Filtering Device Market By Country
9.1 Europe Blood Filtering Device Market Key Overview
9.2 UK
9.2.1 UK Blood Filtering Device Market Revenue (US$ Mn) and Forecast By Type, 2016 - 2027
9.2.2 UK Blood Filtering Device Market Revenue (US$ Mn) and Forecast By Applications, 2016 - 2027
9.2.3 UK Blood Filtering Device Market Revenue (US$ Mn) and Forecast By End User, 2016 - 2027
9.3 Germany
9.3.1 Germany Blood Filtering Device Market Revenue (US$ Mn) and Forecast By Type, 2016 - 2027
9.3.2 Germany Blood Filtering Device Market Revenue (US$ Mn) and Forecast By Applications, 2016 - 2027
9.3.3 Germany Blood Filtering Device Market Revenue (US$ Mn) and Forecast By End User, 2016 - 2027
9.4 France
9.4.1 France Blood Filtering Device Market Revenue (US$ Mn) and Forecast By Type, 2016 - 2027
9.4.2 France Blood Filtering Device Market Revenue (US$ Mn) and Forecast By Applications, 2016 - 2027
9.4.3 France Blood Filtering Device Market Revenue (US$ Mn) and Forecast By End User, 2016 - 2027
9.5 Spain
9.5.1 Spain Blood Filtering Device Market Revenue (US$ Mn) and Forecast By Type, 2016 - 2027
9.5.2 Spain Blood Filtering Device Market Revenue (US$ Mn) and Forecast By Applications, 2016 - 2027
9.5.3 Spain Blood Filtering Device Market Revenue (US$ Mn) and Forecast By End User, 2016 - 2027
9.6 Rest of Europe
9.6.1 Rest of Europe Blood Filtering Device Market Revenue (US$ Mn) and Forecast By Type, 2016 - 2027
9.6.2 Rest of Europe Blood Filtering Device Market Revenue (US$ Mn) and Forecast By Applications, 2016 - 2027
9.6.3 Rest of Europe Blood Filtering Device Market Revenue (US$ Mn) and Forecast By End User, 2016 - 2027
9.7 Europe PEST Analysis
Chapter 10. Asia-Pacific Blood Filtering Device Market By Country
10.1 Asia Pacific Blood Filtering Device Market Overview
10.2 China
10.2.1 China Blood Filtering Device Market Revenue (US$ Mn) and Forecast By Type, 2016 - 2027
10.2.2 China Blood Filtering Device Market Revenue (US$ Mn) and Forecast By Applications, 2016 - 2027
10.2.3 China Blood Filtering Device Market Revenue (US$ Mn) and Forecast By End User, 2016 - 2027
10.3 Japan
10.3.1 Japan Blood Filtering Device Market Revenue (US$ Mn) and Forecast By Type, 2016 - 2027
10.3.2 Japan Blood Filtering Device Market Revenue (US$ Mn) and Forecast By Applications, 2016 - 2027
10.3.3 Japan Blood Filtering Device Market Revenue (US$ Mn) and Forecast By End User, 2016 - 2027
10.4 India
10.4.1 India Blood Filtering Device Market Revenue (US$ Mn) and Forecast By Type, 2016 - 2027
10.4.2 India Blood Filtering Device Market Revenue (US$ Mn) and Forecast By Applications, 2016 - 2027
10.4.3 India Blood Filtering Device Market Revenue (US$ Mn) and Forecast By End User, 2016 - 2027
10.5 Australia
10.5.1 Australia Blood Filtering Device Market Revenue (US$ Mn) and Forecast By Type, 2016 - 2027
10.5.2 Australia Blood Filtering Device Market Revenue (US$ Mn) and Forecast By Applications, 2016 - 2027
10.5.3 Australia Blood Filtering Device Market Revenue (US$ Mn) and Forecast By End User, 2016 - 2027
10.6 South Korea
10.6.1 South Korea Blood Filtering Device Market Revenue (US$ Mn) and Forecast By Type, 2016 - 2027
10.6.2 South Korea Blood Filtering Device Market Revenue (US$ Mn) and Forecast By Applications, 2016 - 2027
10.6.3 South Korea Blood Filtering Device Market Revenue (US$ Mn) and Forecast By End User, 2016 - 2027
10.7 Rest of Asia-Pacific
10.7.1 Rest of Asia Pacific Blood Filtering Device Market Revenue (US$ Mn) and Forecast By Type, 2016 - 2027
10.7.2 Rest of Asia Pacific Blood Filtering Device Market Revenue (US$ Mn) and Forecast By Applications, 2016 - 2027
10.7.3 Rest of Asia Pacific Blood Filtering Device Market Revenue (US$ Mn) and Forecast By End User, 2016 - 2027
10.8 Asia Pacific PEST Analysis
Chapter 11. Latin America Blood Filtering Device Market By Country
11.1 Latin America Blood Filtering Device Market Overview
11.2 Brazil
11.2.1 Brazil Blood Filtering Device Market Revenue (US$ Mn) and Forecast By Type, 2016 - 2027
11.2.2 Brazil Blood Filtering Device Market Revenue (US$ Mn) and Forecast By Applications, 2016 - 2027
11.2.3 Brazil Blood Filtering Device Market Revenue (US$ Mn) and Forecast By End User, 2016 - 2027
11.3 Mexico
11.3.1 Mexico Blood Filtering Device Market Revenue (US$ Mn) and Forecast By Type, 2016 - 2027
11.3.2 Mexico Blood Filtering Device Market Revenue (US$ Mn) and Forecast By Applications, 2016 - 2027
11.3.3 Mexico Blood Filtering Device Market Revenue (US$ Mn) and Forecast By End User, 2016 - 2027
11.4 Rest of Latin America
11.4.1 Rest of Latin America Blood Filtering Device Market Revenue (US$ Mn) and Forecast By Type, 2016 - 2027
11.4.2 Rest of Latin America Blood Filtering Device Market Revenue (US$ Mn) and Forecast By Applications, 2016 - 2027
11.4.3 Rest of Latin America Blood Filtering Device Market Revenue (US$ Mn) and Forecast By End User, 2016 - 2027
11.5 Latin America PEST Analysis
Chapter 12. Middle East & Africa Blood Filtering Device Market By Country
12.1 Middle East & Africa Blood Filtering Device Market Overview
12.2 Saudi Arabia
12.2.1 Saudi Arabia Blood Filtering Device Market Revenue (US$ Mn) and Forecast By Type, 2016 - 2027
12.2.2 Saudi Arabia Blood Filtering Device Market Revenue (US$ Mn) and Forecast By Applications, 2016 - 2027
12.2.3 Saudi Arabia Blood Filtering Device Market Revenue (US$ Mn) and Forecast By End User, 2016 - 2027
12.3 UAE
12.3.1 UAE Blood Filtering Device Market Revenue (US$ Mn) and Forecast By Type, 2016 - 2027
12.3.2 UAE Blood Filtering Device Market Revenue (US$ Mn) and Forecast By Applications, 2016 - 2027
12.3.3 UAE Blood Filtering Device Market Revenue (US$ Mn) and Forecast By End User, 2016 - 2027
12.4 Rest of Middle East & Africa
12.4.1 Rest of Middle East & Africa Blood Filtering Device Market Revenue (US$ Mn) and Forecast By Type, 2016 - 2027
12.4.2 Rest of Middle East & Africa Blood Filtering Device Market Revenue (US$ Mn) and Forecast By Applications, 2016 - 2027
12.4.3 Rest of Middle East & Africa Blood Filtering Device Market Revenue (US$ Mn) and Forecast By End User, 2016 - 2027
12.5 South Africa PEST Analysis
Chapter 13. Player Analysis of Blood Filtering Device
13.1 Global Blood Filtering Device Market Company Share Analysis
13.2 Competition Matrix
13.2.1 Competitive Benchmarking of key players by price, presence, market share, and R&D investment
13.2.2 New Product Launches and Product Enhancements
13.2.3 Mergers And Acquisition In Global Blood Filtering Device Market
13.2.4 Partnership, Joint Ventures and Strategic Alliances/ Sales Agreements
Chapter 14. Company Profile
14.1 Asahi Kasei Medical
14.1.1 Company Snapshot
14.1.2 Business Overview
14.1.3 Financial Overview
14.1.3.1 Revenue (US$ Mn), 2019
14.1.3.2 Asahi Kasei Medical 2019 Blood Filtering Device Business Regional Distribution
14.1.4 Product/Service and Specifications
14.1.5 Recent Development & Business Strategy
14.1.6 Manufacturing Plant Footprint Analysis
14.2 BAINE
14.3 Braile Biomédica
14.4 Chengdu Shuanglu
14.5 GVS
14.6 Haemonetics
14.7 Infomed
14.8 Kaneka
14.9 KAWASUMI
14.10 Macopharma
14.11 Medtronic
14.12 Merck & Co., Inc.
14.13 Others
![Blood Filtering Device Market (By Type: Hemodialysis Membranes, Leukocyte Removal Filter, Plasma Separation Membranes; By Applications: Blood Processing, Blood Transfusion [Red cell transfusion, Platelet transfusion, Whole blood transfusion]; By End User: Medical Centre, Hospitals, Ambulatory Surgical Centre, Others) - Global Industry Analysis, Market Size, Opportunities and Forecast 2020 - 2027](assets/images/format-png.png "Blood Filtering Device Market (By Type: Hemodialysis Membranes, Leukocyte Removal Filter, Plasma Separation Membranes; By Applications: Blood Processing, Blood Transfusion [Red cell transfusion, Platelet transfusion, Whole blood transfusion]; By End User: Medical Centre, Hospitals, Ambulatory Surgical Centre, Others) - Global Industry Analysis, Market Size, Opportunities and Forecast 2020 - 2027")
