Platelet Incubators Market By Product Type (Bench-top Platelet Incubator, Floor-standing Platelet Incubator),By End-User Segment (Blood Banks, Hospitals, Research Institutes & Universities, Ambulatory Clinics, Specialty Clinics) - Growth, Future Prospects & Competitive Analysis, 2018 - 2026

The platelet incubators market had a market value of US$ 340.4 million in 2017 and is expected to grow at a CAGR of 5.2% from 2018 to 2026. Platelet incubators, also known as microprocessor-integrated systems, were developed to provide high-temperature stability for platelet concentrate storage. The ability of forced air circulation aids in maintaining a constant temperature throughout the unit, preventing platelet concentrates from spoiling. The overall application of platelet incubators is expected to increase throughout the forecast period due to the increasing prevalence of dengue in tropical countries, the rising prevalence of hematological diseases that require transfusion of platelets, and rising awareness related to platelet concentrate storage and applications.

Market Synopsis

A floor-standing platelet incubator is expected to grow significantly throughout the forecast period due to its increasing demand in hospitals and blood banks.

Floor-standing platelet incubators possess more storage space compared to bench-top platelet incubators, due to which facilities such as blood banks and hospitals with large numbers of platelet samples prefer floor-standing platelet incubators. The novel features developed in floor-standing platelet incubators are the auto-stop feature, which stops the moment the door is opened, the bacteria-resistant powder-coated interior and exterior of the incubator, the tempered glass doors with a key lock, and the placement of all controls in one convenient location. Thus, technological development in floor-standing platelet incubators is expected to assist the market's growth throughout the forecast period. Floor-standing platelet incubators have huge demand in South America, Asia, and Africa as the number of patients taking treatment for dengue or other blood-borne diseases increases. Hence, to satisfy such a huge requirement, the demand for floor-standing platelet incubators is high.

Blood banks will maintain their dominance in the end-user segment of the platelet incubator market.

Blood banks require large, floor-standing platelet incubators as a large number of people donate blood, which is stored in blood banks by separating various integral components of blood, one of the most common and important being platelets. As a large number of platelet samples are stored in blood banks, the requirement for a large number of incubators is also high due to the fact that blood banks dominate the end-user segment in the global platelet incubators market.

North America dominated the overall global market, especially due to significant development in the healthcare infrastructure and high awareness related to the storage of blood components.

In 2017, North America dominated the market and is expected to maintain its dominance throughout the forecast period due to key market drivers such as high awareness related to the storage of blood components, developed healthcare infrastructure and facilities, and increasing cases of platelet transfusion treatment in chronic conditions. According to the RAND Corporation, in 2013, approximately 14.2 million units of blood were collected in the United States from approximately 15.2 million individuals presenting to donate, of which 13.2 million units were transfused. However, according to the CDC, the rate of blood transfusion somehow decreased by 2016, and recently it has exhibited a gradual growth.

Periods of History and Forecast

The platelet incubators market was analyzed considering current market trends for the base year of 2017, and based on future trends, CAGRs were calculated for the forecast period of 2018 to 2026.

Report Scope by Segments

This report covers qualitative and quantitative information related to the platelet incubator market, coupled with the most important market dynamics, including market opportunities, drivers, and restraints, each of which has its own positive and negative effects. Exhaustive information related to market drivers, challenges, and opportunities based on country-level and regional segmentation. This report includes in-depth data related to the global platelet incubator market, covering segments such as product type, end-user, and geography. The report also covers a competitive analysis of the key manufacturers present in the platelet incubator market, including detailed information related to the competitive landscape of the market and the current strategies and products entering the market.

The key market players involved in the platelet incubators industry were studied based on financial data, product portfolios, current press releases, and key market strategies. This report also covers attractive investment propositions analyzed based on an exclusive geographical PESTEL analysis. Major companies included in the report are Helmer Scientific, Terumo Corporation, Boekel Scientific, Sarstedt AG, and EMSA Elektrik Malzemeleri San. Ve Tic. A.ş., LMB Technologie GmbH, Biolab Scientific, and BIOBASE, among others.

Key questions are answered in this report.

  • Which is the most preferred platelet incubator type by the end-users, and why?
  • What are the current market strategies followed by the major market players and the competitive landscape of the platelet incubator market?
  • Which are the current and future major geographical markets (regions and countries) in the platelet incubator market?
  • Which is the largest and fastest-growing segment of platelet incubators globally?
  • What are the drivers, restraints, and opportunities in the platelet incubator market?

Frequently Asked Questions:

The market for Platelet Incubators Market is expected to reach US$ 340.4 Mn By 2026.

The Platelet Incubators Market is expected to see significant CAGR growth over the coming years, at 5.2%.

The report is forecasted from 2018-2026.

The base year of this report is 2017.

Boekel Scientific, Sarstedt AG, and EMSA Elektrik Malzemeleri San. Ve Tic. A.ş., LMB Technologie GmbH, Biolab Scientific, and BIOBASE are some of the major players in the global market.

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Published Date:  Feb 2019
Category:  Medical Devices
Report ID:   59574
Report Format:   PDF
Pages:   120
Rating:    4.2 (49)
Delivery Time: 24 Hours to 48 Hours   
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