Artificial Blood Market Overview 2023 to 2030, Future Trends and Industry Forecast | BioPure Corporation, Sangart, Northfield Laboratories

Artificial blood or blood is used in the medical field as a red blood substitute for critically ill patients. Artificial blood is used for the sole purpose of transporting carbon dioxide and oxygen to the body. The component does not have the full functioning capabilities of a red blood cell. The increasing demand for blood transfusion is estimated to drive the market in the coming year. Additionally, there is increasing research and development to find efficient artificial oxygen carried for the human body. For instance, in June 2020, scientists from the American Chemical Society have tried to develop synthetic red blood cell that mimics the natural functionality of natural ones. These are the predominant trends emerging in the market.

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The global Artificial Blood market size is estimated to be worth US$ 3130.7 million in 2022 and is forecast to a readjusted size of USD 6541.4 million by 2030 with a CAGR of 11.1% during review period. The demand for artificial blood has increased due to factors like the growing need for blood transfusion, lower availability of blood in blood banks, and rising hemorrhagic shock incidences. According to The American National Red Cross, only around 3% of the age-eligible individuals donate blood yearly in the U.S. This creates a higher supply-demand gap for blood. Approximately 6.8 million people donate blood each year in the U.S whereas, there are around 1.8 new diagnoses of cancer in 2020. These individuals sometimes require blood transfusions daily during chemotherapy. These factors are estimated to drive the artificial blood market in the coming years.

Globally, the artificial blood market can be divided based on type, source, application, distribution channel, and region. Among the segmentation of type, the market can be bifurcated into perfluorocarbon emulsion and hemoglobin-based oxygen carriers (HBOC). On the basis of source, the market can be categorized into animal hemoglobin, human hemoglobin, synthetic polymers, stem cells, and others. The market can be segmented into cardiovascular disease, anemia, organ transplant, trauma, and others by an application. By the end-user, the market is divided into hospitals, clinics, blood banks, and others.

Profitable players of the Artificial Blood market are:

• Dextro-Sang Corporation
• BioPure Corporation
• Sangart
• Northfield Laboratories
• Baxter International
• Dentritech
• FluorO2 Therapeutics
• Nuvox Pharma
• Alpha Therapeutic Corporation
• HemoBioTech

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Product types of the Artificial Blood industry are:

• Human Blood
• Synthetic Blood
• Animal Blood

Applications of this report are:

• Hemoglobin-Based Oxygen Carriers (HBOCs)
• Perflurocarbon Emulsions (PFCEs)

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Essential regions of the Artificial Blood market are:

- Artificial Blood North America Market includes (Canada, Mexico, USA)
- Artificial Blood Europe Market includes (Germany, France, Great Britain, Italy, Spain, Russia)
- Artificial Blood Asia-Pacific Market includes (China, Japan, India, South Korea, Australia)
- Middle East and Africa (Saudi Arabia, United Arab Emirates, South Africa)
- Artificial Blood South America Market includes (Brazil, Argentina)

Global Artificial Blood Market Research FAQs

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The Artificial Blood market research report contains the following TOC:
1 Report Overview
1.1 Study Scope
2 Global Growth Trends
2.1 Global Market Perspective (2017-2030)
2.2 Growth Trends by Regions
2.3 Global Industry Dynamic
3 Competition Landscape by Key Players
3.1 Global Top Players by Revenue
3.2 Global Market Share by Company Type (Tier 1, Tier 2 and Tier 3)
3.3 Players Covered: Ranking by Artificial Blood Revenue
4 Global Breakdown Data by Provider
4.1 Historic Market Size by Provider (2017-2023)
4.2 Forecasted Market Size by Provider (2023-2030)
5 Breakdown Data by End User
5.1 Historic Market Size by End User (2017-2023)
5.2 Forecasted Market Size by End User (2023-2030)
6 North America
7 Europe
8 Asia-Pacific
9 Latin America
10 Middle East and Africa
11 Key Players Profiles
12 Analyst's Viewpoints/Conclusions
13 Appendix…

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