Blood Filter Market Size, Analysis & Forecast 2021 to 2028

Blood Filter Market Forecast to 2028 - COVID-19 Impact and Global Analysis By Product (40 microns and 70 microns, 100 microns and 170 microns, and Others), Material (Polycarbonate, Polyester, ABS, and Others), Application (Blood Processing and Blood Transfusion), and End User (Blood Banks, Hospitals, and Others), and Geography

  • Report Code : TIPRE00008206
  • Category : Medical Device
  • Status : Published
  • No. of Pages : 206
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The blood filter market is projected to reach US$ 535.634 million by 2028 from US$ 405.226 million in 2021; it is estimated to grow at a CAGR of 4.1% from 2021 to 2028.

A blood filter is a screen-type filter composed of woven mesh made from polyester or nylon, and it is placed between the product bag and the patient for performing filtration. These filters are intended to protect patients from macro-aggregates and non-blood component particulate matter that could be hazardous if enter the bloodstream. They remove macro-aggregates such as micro-aggregate sites and fibrin aggregates during a blood transfusion. Filtration involves capturing particles and macro-aggregates made from leucocytes, fibrin, and platelets, formed during blood storage. Factors such as an increase in the burden of chronic diseases, a surge in cases of trauma and accidents, and a rising number of blood transfusion procedures drive the blood filter market growth. However, product recalls hamper the growth of the market.

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Blood Filter Market: Strategic Insights

blood-filter-market
Market Size Value inUS$ 405.226 million in 2021
Market Size Value byUS$ 535.634 million by 2028
Growth rateCAGR of 4.1% from 2021 to 2028
Forecast Period2021-2028
Base Year2021
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Lucrative Regions for Blood Filter Market

 

  • Sample PDF showcases the content structure and the nature of the information with qualitative and quantitative analysis.

Market Insights

Rising Number of Blood Transfusion Procedures Bolsters Blood Filter Market Growth

Improving the availability of safe and adequate blood for transfusion procedures should be an integral part of every country’s national healthcare policy and infrastructure. The need for blood transfusion may arise anytime in urban and rural areas. In the past, the unavailability of blood has led to the deaths of many patients suffering from ill-health. An adequate and reliable supply of safe blood can be assured by having stable facilities for regular, voluntary, and unpaid blood donors. They are also the safest group of donors as the prevalence of blood-borne infections is the lowest among these donors.

The most common surgeries that require blood transfusion include cardiovascular procedures, C-section procedures, and injuries. As per estimates by the National Heart, Lung, and Blood Institute, and the National Institutes of Health (NIH), in the US, over 5 million people require blood transfusions every year. Moreover, due to natural calamities and widespread causalities, the demand for blood transfusion is increasing across the world. A surge in the incidence of blood disorders such as anemia, erythrocytosis, leukocytosis, leukopenia, and thrombocytosis is also boosting the blood filter market growth. As per the WHO, most of the children with thalassemia are born in low-income countries, where access to blood transfusion is either difficult or is available to a small percentage of the population.

Blood filters used in transfusion procedures are woven mesh made from polyester or nylon; these are screen-type filters placed between the product bag and the patient. These filters are designed to protect the patients from potentially harmful macro-aggregates such as platelets, leucocytes, and fibrin proteins, and non-blood component particulate matter. In the majority of developed countries, the blood transfusion filters are provided by governments or community-based programs. Thus, the availability of suitable facilities for blood donation and voluntary donor drives the number of blood transfusion procedures, which boosts the blood filler market growth.

Product-Based Insights

Based on product, the blood filter market is further segmented into 40 microns and 70 microns, 100 microns and 170 microns, and others. The 100 microns and 170 microns segment would hold the largest market share in 2021 and is expected to register a higher CAGR during the forecast period.

Blood Filter Market, by Product – 2021 and 2028

medical-device
Blood Filter Market, by Product – 2021 and 2028
  • Sample PDF showcases the content structure and the nature of the information with qualitative and quantitative analysis.

Material-Based Insights

Based on material, the blood filter market is segmented into polycarbonate, polyester, ABS, and others. The polyester segment would hold the largest market share of 35.47% in 2021, and it is expected to retain its dominance during the forecast period.

Application-Based Insights

Based on application, the blood filter market is segmented into blood processing and blood transfusion. The blood transfusion segment would hold the largest market share of 73.83% in 2021, and it is expected to retain its dominance during the forecast period.

End User-Based Insights

Based on end-user, the blood filter market is segmented into blood banks, hospitals, and others. The blood banks segment would hold the largest market share of 47.38% in 2021 and is expected to retain its dominance during the forecast period.

Various companies operating in the blood filter market are adopting strategies such as product launches, mergers and acquisitions, collaborations, product innovations, and product portfolio expansions to expand their footprint worldwide, maintain the brand name, and meet the growing demand from end-users.

Blood Filter Market – by Product

  • 40 Microns and 70 Microns
  • 100 Microns and 170 Microns
  • Others

Blood Filter Market – by Material

  • Polycarbonate
  • Polyester
  • ABS
  • Others

Blood Filter Market – by Application

  • Blood Processing
  • Blood Transfusion

Blood Filter Market – by End User

  • Blood Banks
  • Hospitals
  • Others 

Blood Filter Market – by Geography

  • North America
    • US
    • Canada
    • Mexico
  • Europe
    • France
    • Germany
    • Italy
    • UK
    • Spain
    • Rest of Europe
  • Asia Pacific (APAC)
    • China
    • India
    • South Korea
    • Japan
    • Australia
    • Rest of Asia Pacific
  • Middle East & Africa (MEA)
    • South Africa
    • Saudi Arabia
    • UAE
    • Rest of Middle East & Africa
  • South & Central America (SCAM)
    • Brazil
    • Argentina
    • Rest of South and Central America

Company Profiles

  • Asahi Kasei Corporation
  • Fresenius Kabi AG
  • Macopharma
  • Haemonetics Corporation
  • Infomed SA
  • KANEKA CORPORATION
  • Kawasumi laboratories. Inc.
  • Sefar AG
  • Shandong Zhongbaokang Medical Implements Co., Ltd.
  • Nanjing Shuangwei Biotechnology Co., Ltd.
Report Coverage
Report Coverage

Revenue forecast, Company Analysis, Industry landscape, Growth factors, and Trends

Segment Covered
Segment Covered

Product, Material, Application, End-User, and Geography

Regional Scope
Regional Scope

North America, Europe, Asia Pacific, Middle East & Africa, South & Central America

Country Scope
Country Scope

Argentina, Australia, Brazil, Canada, China, France, Germany, India, Italy, Japan, Mexico, RoAPAC, RoE, RoMEA, RoSCAM, Saudi Arabia, South Africa, South Korea, Spain, United Arab Emirates, United Kingdom, United States

Frequently Asked Questions


What is a blood filter?

A blood filter is a screen-type filter composed of woven mesh made from polyester or nylon, and it is placed between the product bag and the patient for performing filtration. These filters are intended to protect patients from macro-aggregates and non-blood component particulate matter that could be hazardous if enter the bloodstream. They remove macro-aggregates such as micro-aggregate sites and fibrin aggregates during a blood transfusion. Filtration involves capturing particles and macro-aggregates made from leucocytes, fibrin, and platelets, formed during blood storage.

What are the driving factors for the blood filter market across the globe?

Key factors that are driving the growth of this market are an increase in the burden of chronic diseases, a surge in cases of trauma and accidents, and a rising number of blood transfusion procedures are expected to boost the market growth for the blood filter over the years.

Which product led the blood filter market?

The 100micron and 170-micron segment dominated the global blood filter market and held the largest revenue share of 56.80% in 2021.

Which material led the blood filter market?

The polyester segment dominated the global blood filter market and held the largest revenue share of 35.47% in 2021.

Which application held the largest share in the blood filter market?

The blood transfusion segment dominated the global blood filter market and accounted for the largest revenue share of 73.83% in 2021

Which end-user held the largest share in the blood filter market?

The blood banks segment dominated the global colon blood filter market and accounted for the largest revenue share of 47.38% in 2021.

Who are the key players in the blood filter market?

The blood filter market majorly consists of players such Asahi Kasei Corporation, Fresenius Kabi AG, Macopharma, Haemonetics Corporation, Infomed SA, KANEKA CORPORATION, Kawasumi laboratories. Inc., Sefar AG, Shandong Zhongbaokang Medical Implements Co., Ltd, Nanjing Shuangwei Biotechnology Co., Ltd. among others.

What is the regional market scenario of the blood filter market?

Global blood filter market is segmented by region into North America, Europe, Asia Pacific, Middle East & Africa, and South & Central America. In North America, The US holds the largest size of the market in this region. Nearly 16 million blood components are transfused each year in the U.S. According to the American Cancer Society, more than 1.8 million people are expected to be diagnosed with cancer in 2020. Many of them will need blood, sometimes daily, during their chemotherapy treatment. Blood products are transfused through intravenous tubing with filters. The filters, which typically have pore diameters of 170 to 260 microns, are used to prevent particulate debris from being administered as well. The trapped material promotes bacterial growth, and the American Association of Blood Banks (AABB) recommends not using a filter for more than 4 hours. The government is also experiencing increasing chronic conditions such as acute kidney injury (AKI), multiple organ dysfunction syndromes, or sepsis. Thus, it is expected that rising incidences of chronic diseases are likely to influence the market's growth. Moreover, the rise in transplant procedures across the United States is expected to increase the blood transfer procedures that require collection units such as tubes, bags, and others. According to the Red Cross Blood Center, 4.5 million Americans require blood transfusion annually.

The List of Companies - Blood Filter Market

  1. Asahi Kasei Corporation
  2. Fresenius Kabi AG
  3. Macopharma
  4. Haemonetics Corporation
  5. Infomed SA
  6. KANEKA CORPORATION
  7. Kawasumi laboratories. Inc.
  8. Sefar AG
  9. Shandong Zhongbaokang Medical Implements Co., Ltd.
  10. Nanjing Shuangwei Biotechnology Co., Ltd.

The Insight Partners performs research in 4 major stages: Data Collection & Secondary Research, Primary Research, Data Analysis and Data Triangulation & Final Review.

  1. Data Collection and Secondary Research:

As a market research and consulting firm operating from a decade, we have published many reports and advised several clients across the globe. First step for any study will start with an assessment of currently available data and insights from existing reports. Further, historical and current market information is collected from Investor Presentations, Annual Reports, SEC Filings, etc., and other information related to company’s performance and market positioning are gathered from Paid Databases (Factiva, Hoovers, and Reuters) and various other publications available in public domain.

Several associations trade associates, technical forums, institutes, societies and organizations are accessed to gain technical as well as market related insights through their publications such as research papers, blogs and press releases related to the studies are referred to get cues about the market. Further, white papers, journals, magazines, and other news articles published in the last 3 years are scrutinized and analyzed to understand the current market trends.

  1. Primary Research:

The primarily interview analysis comprise of data obtained from industry participants interview and answers to survey questions gathered by in-house primary team.

For primary research, interviews are conducted with industry experts/CEOs/Marketing Managers/Sales Managers/VPs/Subject Matter Experts from both demand and supply side to get a 360-degree view of the market. The primary team conducts several interviews based on the complexity of the markets to understand the various market trends and dynamics which makes research more credible and precise.

A typical research interview fulfils the following functions:

  • Provides first-hand information on the market size, market trends, growth trends, competitive landscape, and outlook
  • Validates and strengthens in-house secondary research findings
  • Develops the analysis team’s expertise and market understanding

Primary research involves email interactions and telephone interviews for each market, category, segment, and sub-segment across geographies. The participants who typically take part in such a process include, but are not limited to:

  • Industry participants: VPs, business development managers, market intelligence managers and national sales managers
  • Outside experts: Valuation experts, research analysts and key opinion leaders specializing in the electronics and semiconductor industry.

Below is the breakup of our primary respondents by company, designation, and region:

Research Methodology

Once we receive the confirmation from primary research sources or primary respondents, we finalize the base year market estimation and forecast the data as per the macroeconomic and microeconomic factors assessed during data collection.

  1. Data Analysis:

Once data is validated through both secondary as well as primary respondents, we finalize the market estimations by hypothesis formulation and factor analysis at regional and country level.

  • 3.1 Macro-Economic Factor Analysis:

We analyse macroeconomic indicators such the gross domestic product (GDP), increase in the demand for goods and services across industries, technological advancement, regional economic growth, governmental policies, the influence of COVID-19, PEST analysis, and other aspects. This analysis aids in setting benchmarks for various nations/regions and approximating market splits. Additionally, the general trend of the aforementioned components aid in determining the market's development possibilities.

  • 3.2 Country Level Data:

Various factors that are especially aligned to the country are taken into account to determine the market size for a certain area and country, including the presence of vendors, such as headquarters and offices, the country's GDP, demand patterns, and industry growth. To comprehend the market dynamics for the nation, a number of growth variables, inhibitors, application areas, and current market trends are researched. The aforementioned elements aid in determining the country's overall market's growth potential.

  • 3.3 Company Profile:

The “Table of Contents” is formulated by listing and analyzing more than 25 - 30 companies operating in the market ecosystem across geographies. However, we profile only 10 companies as a standard practice in our syndicate reports. These 10 companies comprise leading, emerging, and regional players. Nonetheless, our analysis is not restricted to the 10 listed companies, we also analyze other companies present in the market to develop a holistic view and understand the prevailing trends. The “Company Profiles” section in the report covers key facts, business description, products & services, financial information, SWOT analysis, and key developments. The financial information presented is extracted from the annual reports and official documents of the publicly listed companies. Upon collecting the information for the sections of respective companies, we verify them via various primary sources and then compile the data in respective company profiles. The company level information helps us in deriving the base number as well as in forecasting the market size.

  • 3.4 Developing Base Number:

Aggregation of sales statistics (2020-2022) and macro-economic factor, and other secondary and primary research insights are utilized to arrive at base number and related market shares for 2022. The data gaps are identified in this step and relevant market data is analyzed, collected from paid primary interviews or databases. On finalizing the base year market size, forecasts are developed on the basis of macro-economic, industry and market growth factors and company level analysis.

  1. Data Triangulation and Final Review:

The market findings and base year market size calculations are validated from supply as well as demand side. Demand side validations are based on macro-economic factor analysis and benchmarks for respective regions and countries. In case of supply side validations, revenues of major companies are estimated (in case not available) based on industry benchmark, approximate number of employees, product portfolio, and primary interviews revenues are gathered. Further revenue from target product/service segment is assessed to avoid overshooting of market statistics. In case of heavy deviations between supply and demand side values, all thes steps are repeated to achieve synchronization.

We follow an iterative model, wherein we share our research findings with Subject Matter Experts (SME’s) and Key Opinion Leaders (KOLs) until consensus view of the market is not formulated – this model negates any drastic deviation in the opinions of experts. Only validated and universally acceptable research findings are quoted in our reports.

We have important check points that we use to validate our research findings – which we call – data triangulation, where we validate the information, we generate from secondary sources with primary interviews and then we re-validate with our internal data bases and Subject matter experts. This comprehensive model enables us to deliver high quality, reliable data in shortest possible time.

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