Blood Processing Supplies and Equipment Demand to exceed $7.6 billion in 2010, According to New Report by Global Industry Analysts, Inc.

San Jose, CA (PRWEB) March 11, 2008 -- Blood processing supplies and equipment market is being primarily fuelled by the graying population in the industrialized nations, increasing cancer treatments, and phenomenal increase in the complex surgical procedures, including open heart and orthopedic surgeries. Improving healthcare infrastructure in the developing countries also jacks up the blood demand. Additionally, the imbalance in the demand and supply of blood components is largely mounting pressure on the blood banks. Though the number of units of blood donated generally does not change annually, blood processing market growth is due to the increase in prices or the introduction of new advanced test kits. Additionally, growth in molecular testing is also one of the major factors surging the growth in the blood processing industry.

World blood processing supplies and equipment market (http://www.strategyr.com/Blood_Processing_Supplies_and_Equipment_Market_Report.asp) is forecast to exceed US$7.6 billion in 2010, as stated by Global Industry Analysts, Inc. United States and Europe represent the major markets, together accounting for nearly three-fourths of the global demand in 2006. However, best growth for blood processing supplies and equipment is likely to emanate from the Asia-Pacific, which is expected to register a CAGR of 4.9%. Hematology reagents (http://www.strategyr.com/Blood_Processing_Supplies_and_Equipment_Market_Report.asp) represents the largest segment in the total blood processing supplies and equipment market. The segment is projected to generate sales worth US$1.5 billion in 2010. Sales of Coagulation reagents, the fastest growing product segment, are forecast to register a CAGR of 6.7% over the years 2000 through 2010.

Two fundamental issues have to be addressed in the field of blood processing supplies and equipment - safety of blood supply and the frequent shortage of blood components. The blood industry is currently in the process of battling with the issues of safety and availability. Although the supply of blood remains an issue of safety, the demand for products and treatment that makes blood safer continues. Rigorous efforts are being undertaken to eliminate or reduce the need for blood transfusion. Continuous efforts are being undertaken to exclude donors who run a higher than average risk of transmitting a viral disease and the testing of donated blood with an increasing number of more sensitive and specific tests. As a result, the time period between a donor being infected with the HIV virus and being tested positive for the virus, is made as short as possible.

Leading market participants in the worldwide blood processing supplies and equipment include Fenwal Inc., Beckman Coulter Inc., Becton, Dickinson and Company, Fresenius SE, Gambro, Haemonetics Corp, Immucor Inc., Pall Corporation, and Terumo Corporation.

The report titled "Blood Processing Supplies and Equipment: A Global Strategic Business Report" published by Global Industry Analysts, Inc., provides detailed market analyses and industry trends. The report's product segment coverage includes Blood Administration Sets, Blood Bank Freezers, Blood Bank Refrigerators, Blood Cell Processors, Blood Cell Washer Bags, Blood Collection Needles, Blood Collection & Micro Collectors, Blood Collection Tube Adapters, Blood Donor Sets, Blood Filters, Blood Grouping Analyzers, Blood Lancets, Blood Sample Mailers, Blood Sampling Kits, Blood Tube Mixes, Blood Warming Coils/Pouches, Cleaning Solutions, Donor Blood (Blood Bank) Mix, Blood Grouping Reagents, Coagulation Reagents, Hematology Reagents, Hematology Stains, Control Plasmas, Hematocrit Centrifuges, Microscopic Slides, Sedimentation Tubes, Slide Stainers, Specimen Labels, Test Tube Racks, and Vials. The report provides independent market analytics by the above product segments for each of the major geographic regions/countries including the US, Canada, Japan, Europe (France, Germany, Italy, UK, and Rest of Europe), Asia-Pacific, Latin America and Rest of World. Market size estimates and projections are provided over the years 2000 through 2010, while long-term projections are provided for the years 2011-2015.

For more details about this research report, please visit http://www.strategyr.com/Blood_Processing_Supplies_and_Equipment_Market_Report.asp.

About Global Industry Analysts, Inc.

Global Industry Analysts, Inc., (GIA) (http://www.strategyr.com) is a reputed publisher of off-the-shelf market research. Founded in 1987, the company is globally recognized as one of the world's largest market research publishers. The company employs more than 700 people worldwide and publishes more than 880 full-scale research reports each year. Additionally, the company also offers a range of more than 60,000 smaller research products including company reports, market trend reports and industry reports encompassing all major industries worldwide.

Global Industry Analysts, Inc.

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