Blood Transfusion Market Witness Highest Growth in Near Future with Massive Players 2030

The global blood transfusion market was valued at~US$ 6.0 billion in 2019. It is anticipated to grow at a CAGR of ~5.2% from 2020 to 2030.

Blood transfusion process finds its application across a broad range of disease indications & surgical procedures. The demand for blood transfusion procedure and its associated devicesare expected to remain stable in the coming years, as the process of transfusing blood to a receiver, is of utmost importance for any surgical procedure or treatment of any trauma cases. Growing incidences & rising prevalence of renal disorders, increasing number of road accidents, and the introduction of technologically advanced productsare some of the major factors driving the global blood transfusion market. Improving healthcare services, favorable government regulations, and increasing healthcare expenditure, among others, are some of the other factors that have played a key role in propelling the growth of the global market.

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