North America To Hold The Dominant Position In The Global Blood Transfusion Devices Market Owing To The Increasing Demand For Blood Transfusion In The U.S.
Key players operating in the blood transfusion devices market include Fresenius Kabi AG, Grifols, S.A., Tenko International Group Corp, Terumo Corporation, Kawasumi Laboratories, Inc., Haemonetics Corporation, Bioelectronica MILANO, RAYS S.P.A., Macopharma SA, B. Braun Melsungen AG, Baxter International Inc., Neomedic Limited, and 3M Company. The growing prevalence of blood-related disorders is fostering the growth of the blood transfusion devices market. As per estimates by the NIH and National Heart, Lung, and Blood Institute, blood transfusions are very common in the U.S., as each year, over 5 million Americans need blood transfusions, which increases the demand for blood transfusion devices. Increasing healthcare expenditure across developing regions is again propelling the growth of the blood transfusion devices market. According to the U.S. Centers for Medicare & Medicaid Services, National health spending is projected to grow at an average annual rate of 5.4 perce...