Artificial Blood Cells Market: The global increase in the number of surgeries and the increasing risk of blood transfusions are the driving forces behind the expansion of the Artificial Blood Cells Market


Market Synopsis:

Global Artificial Blood Cells Market is valued at USD12.2 Million in 2021 and is projected to attain a value of USD 31.1 Million by 2028 at a Compound Annual Growth Rate (CAGR) of 21.2% during the forecast period, 2022–2028. Artificial Blood Cells is a type of synthetic blood that is predicted to open up a new vista in transfusion medicine. These products are used to replace red blood cells and perform a few critical activities of biological blood, the most important of which is to carry oxygen and carbon dioxide between body cells. Chemical isolation or recombinant biochemical technologies can be used to make them. The commercialization of Artificial Blood Cells is still delayed, despite the fact that several devices are in advanced phases of clinical studies. The safety, compatibility, and effectiveness of Artificial Blood Cells are the main problems that marketers are addressing.


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COVID-19 Impact Analysis:

During the early stages of the epidemic, there were no specific diagnostic tests available to detect COVID-19 in patients. Alternative diagnostic tests were tried at first, but these were useless. Diagnostic businesses saw an opportunity to market their COVID-19 diagnostic kits because specialist COVID-19 diagnostic tests were lacking. A number of major companies, as well as several start-ups from other countries, have introduced COVID-19 diagnostics kits to the local and global market. By leveraging on the need for COVID-19 diagnostic tests, these companies obtained an advantage over other diagnostics companies.

Market Segmentation:

Global Artificial Blood Cells Market is segmented by type Hemoglobin-Based Oxygen Carriers and Perfluorocarbon Emulsion. On the basis of Source, the market is segregated into Animal Hemoglobin, Human Hemoglobin, Synthetic Polymer, Stem Cell, And Others. On the basis of application, the market is fragmented into Cardiovascular Diseases, Anemia, Organ Transplant, Trauma, And Others. On the basis of distribution channel, the market is categorized Into Hospitals, Clinics, Blood Banks, And Others. Based on region, the Artificial Blood Cells market is segmented into North America, Europe, Asia Pacific, Latin America and Middle East & Africa.


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Artificial Blood Cells Market Key Players:

Green Cross Corporation, North Field Laboratories, Alliance, Pharmaceutical Corporation, Baxter, FLUORO2 Therapeutics, Biopure Corporation, Alpha Therapeutics

About the Authors:

Vantage Market Research is a firm dedicated to delivering high-quality data and market research. The firm offers quantitative, high-quality B2B research on over 20,000 emerging markets. The firm provides in-depth reports on a variety of industries, including chemical materials and energy, food and drinks, healthcare, technology, and so on. Every year, the organisation adds more than 1,100 market research papers to its huge database, which employs over 125 analysts and consultants. The company’s customer includes 70% of the Fortune 500 corporations in the world.

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