Synthetic Blood Substitutes Market : A Comprehensive Overview of the Industry’s Players and Trends
The global synthetic blood substitutes market size reached USD 35.42 Million in 2021 and is expected to register a revenue CAGR of 25.4% during the forecast period, according to the latest analysis by Emergen Research. Shortage of human blood for transfusion purposes and benefits of synthetic blood substitutes over human blood are some key factors projected to support market revenue growth during the forecast period.
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The report further divides the Synthetic Blood Substitutes Market into key segments such as types, applications, end-user industries, technologies, and key regions of the market. The report also sheds light on the segment and region exhibiting promising growth in the Synthetic Blood Substitutes Market
Key players in the market :
VirTech Bio, Prolong Pharmaceuticals, LLC, Hemarina, Oxyvita, Inc., KaloCyte, Inc., NuvOx Pharma, FluorO2 Therapeutics, and Hemoglobin Oxygen Therapeutics LLC.
Covid 19 impact analysis :
The report considers the COVID-19 pandemic that is currently unfolding as a key market influencer. The report provides a thorough estimation of the overall impact of the pandemic on the Synthetic Blood Substitutes Market nd its vital segments. The report also discusses the impact of the pandemic across different regions of the market. It also offers a current and future assessment of the impact of the pandemic on the Synthetic Blood Substitutes Market
Market Drivers:
The constant efforts of prominent players to develop newer and modern technologies and product advancements are expected to drive the growth of the industry over the coming years. The report studies the extensive business expansion plans and advancements in R&D activities and product portfolio. The report offers a clear understanding of the alliances in the market, such as mergers and acquisitions, joint ventures, collaborations, partnerships, agreements, product launches and brand promotions, and corporate deals.
Synthetic Blood Substitutes Market Segmentation
Emergen Research has segmented the global synthetic blood substitutes market on the basis of source, type, application, end-user, and region:
· Source Outlook (Revenue, USD Million, 2019 - 2030)
Blood
Stem Cell
Synthetic Polymer
· Type Outlook (Revenue, USD Million, 2019 - 2030)
Hemoglobin-based Oxygen Carriers (HBOCs)
Perfluorocarbons (PFCs)
· Application Outlook (Revenue, USD Million, 2019 - 2030)
Anemia
Injury
Others
· End-User Outlook (Revenue, USD Million, 2019 - 2030)
Hospitals and Clinics
Military
Cancer Treatment Centers
· Regional Outlook (Revenue, USD Million, 2019 - 2030)
North America
Europe
Rest of the World
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