Synthetic Blood Substitutes Market
22/04/2021 Hospitals, Clinics
Price: 1234.00 ₹
Description
The global synthetic blood substitutes market size was valued at USD 3,895.9 Million in 2019 and is forecasted to reach USD 15.40 Billion by 2027 at a CAGR of 18.5%. The market for synthetic blood substitutes such as Hemopure, Oxyglobin, and Hemotech, is growing at a double-digit rate attributed to its rising application in cardiovascular diseases, anemia, malignant neoplasm, injuries, neonatal conditions, maternal conditions, and organ transplant, among others. Factors such as shortage of human blood for transfusion purpose, benefits offered by synthetic substitutes over human blood, rising incidence of accidents & injuries, and increasing demand for transfusion during childbirth are amongst the significant factors fueling market demand.
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