Synthetic Blood Substitutes Market Size Worth USD 15.40 Billion by 2027

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Synthetic Blood Substitutes Market Size Worth USD
15.40 Billion by 2027
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The shortage of human blood for transfusion and
rising incidence of accidents and injuries are
amongst the significant factors influencing the
market growth.
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Market Summary
The global synthetic blood substitutes
market is projected to worth USD 15.40 Billion by
2027, according to a new report by Emergen
Research. 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.
Also, obstetric conditions linked with blood
transfusion may result in health complications,
and even death, if inappropriately managed, is
likely to fuel the demand for synthetic blood
substitutes. The shortage of human blood for
transfusion is one of the significant factors
influencing the market growth. Every year, more
than 4.5 million people in America receive
transfusions, owing to a surgical operation or a
traumatic injury and the count of patients
needing a transfusion is surpassing the number of
donors. According to the Pacific Heart, Lung, and
Blood Institute, there is an acute shortfall of
human blood availability for healthcare purposes.
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Market Summary

• Some Key Highlights From the Report
• In September 2019, a preclinical-stage biotech
  firm, KaloCyte, engaged in developing a
  bio-inspired synthetic RBC substitute for
  application in settings when stored RBCs are not
  available, has entered into an alliance with the
  growing biotech community of Baltimore as an
  affiliate of the University of Maryland (UM)
  BioPark.
• Synthetic hemoglobin-based substitutes are
  created from hemoglobin collected from a strain
  of E. coli bacteria. The modified hemoglobin is
  stable and possesses a more excellent
  oxygen-carrying ability as compared to RBCs.
• Blood transfusions are often administered to
  patients for the treatment of low hemoglobin
  levels percutaneous coronary intervention,
  coronary artery bypass grafting, and
  non-ST-segment elevation acute coronary
  syndromes, and settings. Thus, cardiovascular
  diseases are a major application area for the
  market.
• Request Free Sample Copy_at_ https//www.emergenresea
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Market Summary
Source Outlook (Revenue, USD Billion
2017-2027) Human Blood Animal Blood Microorganisms
Synthetic Polymers Stem Cells Others Type
Outlook (Revenue, USD Billion 2017-2027) Hemoglob
in-Based Oxygen Carriers (HBOCs) Perfluorocarbon
(PFCs) Others Read More_at_ https//www.emergenrese
arch.com/industry-report/synthetic-blood-substitut
es-market
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Parameter Details
Market Size Estimation Period 2020-2028
Base Year Considered 2020
Historical Data 2017-2019
Forecast Period 2021-2028
Quantitative Units Revenue in USD million CAGR from 2020 to 2028
Segments Covered Types, Application, End-Users, Regions more.
Countries Included The U.S., Germany, U.K., Italy, China, India, Japan, Brazil
Report Coverage Revenue Forecast, Company Ranking, Competitive Landscape, Growth Factors, and Trends
Regions Scope North America, Europe, Asia Pacific, Latin America, Middle East and Africa
Customization Scope 10 hours of free customization expert consultation
Pricing and Purchase Options Explore Different Purchase Options Request for Discount to Avail New Year Discount
MARKET SEGMENTATION
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Regional Share Dynamics
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