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US Autotransfusion Services Market to Reach USD 1,072.1 Million with 6.5% CAGR by 2027; Rising Number of Surgical Procedures to Aid Growth: Fortune Business Insights™

Pune, India, Nov. 12, 2020 (GLOBE NEWSWIRE) — The US autotransfusion services market size is set to gain impetus from the increasing number of surgical procedures occurring in the country. It is, in turn, expected to surge the need for blood transfusion. The study further mentions that the US Autotransfusion Services Market size was USD 838.4 million in 2019 and is projected to reach USD 1,072.1 million by 2027, exhibiting a CAGR of 6.5% during the forecast period. The market for autotransfusion services in the U.S. possesses a large number of small and domestic companies. Most of them are adopting the strategy of mergers and acquisitions to strengthen their positions in the market.Key Players Aim to Adopt Acquisition Strategy to Strengthen Their PositionsSome of the others are trying to bag new awards to gain a competitive edge. Below are two industry developments:January 2020: SpecialtyCare, a provider of allied health and outsourced operating room services based in the U.S. successfully acquired Arizona Perfusion Supply Company, LLC (APS) and Phoenix Perfusion Services, LLC (PPS) to become the largest provider of patient-centered perfusion services to health systems, surgery centers, and hospitals. September 2016: The Pediatric ECMO Program at New York-Presbyterian/Morgan Stanley Children’s Hospital and the Center for Acute Respiratory Failure and Cardiac ECMO Program at New York-Presbyterian/Columbia University were presented the Platinum Level Center of Excellence award.
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COVID-19 to Hamper Growth Backed by Cancellation of Various ProceduresThe Minneapolis Heart Institute Foundation states that in the U.S., there was an estimated decline of 40% in ST-elevation myocardial infarction (STEMI) procedures during the first quarter of 2020. The COVID-19 pandemic is the major contributor to this loss because of the cancellation of surgeries, as well as low demand for autotransfusion services. Also, the rising number of strict laws implemented by the government of various countries is compelling people to remain at their homes to prevent transmission. Our high-quality reports would help you find the way towards success.
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Increasing Beneficial Properties to Accelerate DemandAutotransfusion services have numerous benefits. They are capable of removing pre-transfusion inspections related to allogeneic blood. At the same time, they can improve activities of coagulation factors, provide better oxygen transfer, and reduce the risk of infections.As per the Agency for Healthcare Research and Quality (AHRQ) and the American Academy of Orthopedic Surgeons (AAOS), every year, approximately 450,000 hip replacement and 790,000 knee replacement procedures are performed in the U.S. It is set to propel the US Autotransfusion Services Market growth in the coming years.However, autotransfusion services can have multiple side effects ranging from cold sweat and dizziness to vomiting and severe drop in blood pressure. This factor may obstruct the demand for autotransfusion services.
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Orthopedic Segment to Exhibit High CAGR Fueled by Presence of Multiple CompaniesBased on indication, the orthopedic segment earned 15.8% in terms of the US Autotransfusion Services Market share in 2019. It is anticipated to exhibit a comparatively higher CAGR in the near future on account of the presence of several companies offering autotransfusion services in the country.
A list of all the renowned autotransfusion services providers operating in the U.S. market:Comprehensive Care Services (Michigan, U.S.)SpecialtyCare (Tennessee, U.S.)Keystone Perfusion (Pennsylvania, U.S.)Atlanta Surgical Services Inc. (Atlanta, U.S.)Vivacity Perfusion (Tennessee, U.S.)Carolina Autotransfusion, Inc. (South Carolina, U.S.)CENTRAL VALLEY PERFUSION, INC. (California, U.S.)Other Prominent Players
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Table of Contents:IntroductionResearch ScopeMarket SegmentationResearch MethodologyDefinitions and AssumptionsExecutive SummaryMarket DynamicsMarket DriversMarket RestraintsMarket OpportunitiesKey InsightsNumber of Surgeries Performed in the U.S., by Key Indication, 2019Key Industry Developments – Mergers, Acquisition, and PartnershipsPricing Analysis, By Key Market PlayersImpact of COVID-19 on United States Autotransfusion Services MarketUS Autotransfusion Services Market Analysis, Insights and Forecast, 2016-2027Key Findings / SummaryMarket Analysis, Insights and Forecast – By ApplicationCardiovascularOrthopaedicNeurologyGynaecologyUrologyTraumaOthersMarket Analysis, Insights and Forecast – By End UserHospitalsAmbulatory Surgery CentersCompetitive AnalysisKey Industry DevelopmentsU.S. Market Share Analysis (2019)Company Profiles (Overview, Services, SWOT Analysis, Recent Developments, Strategies, Financials (based on availability))Comprehensive Care ServicesSpecialtyCareKeystone PerfusionAtlanta Surgical Services Inc.Vivacity PerfusionCarolina Autotransfusion, Inc.CENTRAL VALLEY PERFUSION, INC.Strategic Recommendations
TOC Continued….!
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SECONDARY RESEARCH IS CONDUCTED TO DERIVE THE FOLLOWING INFORMATION:Details such as revenues, market share, strategies, growth rate, product & their pricing by region/country for all major companiesDetails in relation to prevalence, incidence, patient numbers, distribution of patients, average price of treatment, etc.Number of end user facilities by region/country and average annual spending or procurement of devices by type of end user facilityNumber of procedures and average price of proceduresReplacement rate and pricing of capital equipmentMarket dynamics in relation to the market under focus – Drivers, restraints, trends, and opportunitiesMarket & technological trends, new product developments, product pipeline.
Have a Look at Related Reports:Autotransfusion Devices Market Share & Industry Analysis, By Product Type (Autotransfusion Systems and Consumables & Accessories) By Application (Cardiovascular Surgeries, Orthopedic Surgeries, Neurological Surgeries, Obstetrics & Gynecological Surgeries, and Others) By End User (Hospitals and Specialty Clinics & Others) and Regional Forecast, 2019-2026Home Infusion Therapy Market Share & Covid-19 Impact Analysis, By Product (Devices, Drugs, and Services) By Indication (Anti-Infective, Chemotherapy, Hydration Therapy, Enteral Nutrition, Total Parenteral Nutrition, Immunoglobulin Therapy, and Others), and Regional Forecast, 2020-2027Blood Group Typing Market Share & Industry Analysis, By Product (Instruments, and Reagents & Kits), By Test Type (ABO Tests, Antigen Typing, Antibody Screening, Cross-matching Tests, and HLA Typing), By Techniques (Serology Tests, and Molecular Tests), By End User (Hospital-based Laboratories, and Independent Laboratories & Blood Banks), and Regional Forecast, 2020-2027Monoclonal Antibody Therapy Market Share & Industry Analysis, By Type (Human Monoclonal Antibody, Humanized Monoclonal Antibody, Chimeric Monoclonal Antibody, and Murine Monoclonal Antibody), By Application (Cancer, Autoimmune Diseases, and Others), By Distribution Channel (Hospital Pharmacy Retail Pharmacy, and Online Pharmacy), and Regional Forecast, 2020-2027Insulin Pump Market Share & Industry Analysis, By Product Type (Pumps (Tethered Pumps, Patch Pumps, and Others), and Consumables), By Disease Indication (Type 1 Diabetes and Type 2 Diabetes), By Distribution Channel (Hospital Pharmacy Retail Pharmacy, and Online Stores), and Regional Forecast, 2020-2027
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