The blood bank analyzers market in Europe and Middle East & Africa (EMEA) is projected to gain high revenues by 2022, according to a report available on Radiant Insights, Inc. It is expected to grow at a significant CAGR during the forecast period (from 2016 to 2022). Prevalence of blood disorders globally and advancements in blood banking techniques are the key market drivers. Demand for lowered redundancies and cost-effective solutions is expected to positively influence market growth.
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Blood bank analyzers are the medical devices that can automatically optimize blood grouping and conduct blood screening assays. They can increase the efficiency of laboratories and blood banks. These analyzers find application in all areas of clinical laboratories such as immunology, hematology, and transfusion medicine. Automation has been the talking point in blood banks since early 2000 as it can reduce the burden on workers. However, advent of novel technologies and high cost of assays have persuaded investments from blood banks. All these factors are anticipated to play crucial in shaping the market for blood bank analyzers in the years to come.
Innovations have led to development of technologically advanced devices. Immucor’s latest blood analyzer, NEO, has separate modules to analyze various assays. It has a user-friendly interface that can assist in inventory management. It boasts of a lesser turnaround time of tests compared to other devices. Recently, BioTek Instruments collaborated with Immucor to launch an automated desktop blood assay instrument, Galileo Echo. It is aimed at small and medium laboratories. It can aid in carrying out Immunoglobulin G (IgG), Red Blood Cell (RBC) antibodies, RBC genotyping, and Rh (D) typing.
The blood bank analyzers market in EMEA is segmented into product, end user, and region. On the basis of products, it is bifurcated into fully and semi-automatic analyzers. Semi-automatic analyzers are utilized by laboratories with a small workload. It can lose its shares to its counterpart on account of possessing less safety features and high probability of human error. Fully automated systems are expected to be used in full capacity in transfusion centers.
Clinics, hospitals, and others are the key end–user segments. Hospitals and clinics are expected to exhibit significant CAGR respectively throughout the forecast period. Clinics are anticipated to gain a small market share in the forthcoming years due to the capacity to afford semi-automatic blood analyzers.
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Regionally, the blood bank analyzers market is divided into Middle East, Africa, and Europe. Middle East market covers United Arab Emirates (UAE), Israel, Iran, and Saudi Arabia. Africa is further divided into Algeria, Nigeria, Egypt, and South Africa. Europe is split into Benelux, Germany, France, Russia, Italy, and United Kingdom (UK). Europe is expected to thrive during the forecast period due to increasing blood donation drives in Germany, the UK, and France. Focus on increasing the research pertaining to blood platelets and antibodies can augur well for regional market growth in the near future.
Notable companies in the market for blood bank analyzers are Immucor, Inc.; Beckman Coulter Inc.; Bio-Rad Laboratories, Inc.; Grifols, S.A.; and Hologic, Inc. Collaborations, partnerships, and acquisitions are business expansion strategies of these players in order to expand their customer base. For instance, Ortho Clinical Diagnostics has decided to ally itself with Cardinal Health in order to distribute its latest product, Ortho Vision Analyzer. This product can reduce human error redundancies and provide a novel approach for workflow monitoring.
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