According to our latest research study on “Blood Filter Market Forecast to 2028 – COVID-19 Impact and Global Analysis – by Product, Material, Application, and End User,” the market is projected to reach US$ 535.63437 million by 2028 from US$ 405.22627 million in 2021; it is estimated to grow at a CAGR of 4.1% from 2021 to 2028. The report highlights trends prevailing in the market and factors governing the growth of the market.
Top Leading Companies –
Asahi Kasei Corporation; Fresenius Kabi AG; Macopharma; Haemonetics Corporation; Infomed SA; KANEKA CORPORATION; Kawasumi laboratories. Inc.; Sefar AG, Shandong Zhongbaokang Medical Implements Co., Ltd; Nanjing Shuangwei Biotechnology Co., Ltd. are among the leading companies operating in the blood filter market.
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A blood filter is a screen-type filter composed of woven mesh made from polyester or nylon, and it is placed between the product bag and the patient for performing filtration. These filters are intended to protect patients from macro-aggregates and non-blood component particulate matter that could be hazardous if enter the bloodstream. They remove macro-aggregates such as micro-aggregate sites and fibrin aggregates during a blood transfusion. Filtration involves capturing particles and macro-aggregates made from leucocytes, fibrin, and platelets, formed during blood storage. Factors such as an increase in the burden of chronic diseases, a surge in cases of trauma and accidents, and a rising number of blood transfusion procedures drive the blood filter market growth. However, product recalls hamper the growth of the market.
Based on end user, the blood filter market is further segmented into blood banks, hospitals, and others. The blood banks segment would lead the market in 2021 with a share of 47.38% and is expected to retain its dominance during the forecast period, thereby accounting for 48.11% of the total market by 2028. The market growth of this segment is attributed to the advanced blood storage facility for the storage of different blood groups, and a growing number of blood banks that are accredited and regulated by various regulatory authorities.
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