Artificial Blood Market, Size, Share, Opportunities and Forecast,  2020-2027

SKU: DHC5 | Last Updated On: Sep 25 2020 | No. of Pages: 220 | Available Formats

> Global Artificial Blood Market Expected to reach a high CAGR of 20% By 2027: DataM Intelligence

Global Artificial Blood Market is segmented By Product Type (Hemoglobin-based Oxygen carriers, Perfluorocarbon emulsion), By Source (Human Hemoglobin, Animal Hemoglobin, Stem Cells, Synthetic Polymers, Microorganisms, Others), By Application (Anemia, Organ Transplant, Injuries & Trauma, Cardiovascular diseases, Maternal conditions, Others), By Distribution Channel (Hospitals, Clinics, Blood banks), and by Region (North America, Latin America, Europe, Asia Pacific, Middle East, and Africa) – Share, Size, Outlook, and Opportunity Analysis, 2020-2027


Market Overview

The global artificial blood market is expected to grow at a CAGR of around 20% during the forecast period (2020-2027).

  • Artificial blood to made act as a substitute for red blood cells. While true blood perform different functions but artificial blood is designed for the purpose of transporting oxygen and carbon dioxide through the body.

  • Based on the type of artificial blood it can be produced in different ways it includes synthetic production, chemical isolation or recombinant biochemical technology.

  • For decades scientists have been trying to develop artificial blood through various sources to address the shortage of blood transfusions.

  • The advantages of artificial blood include it provides critical benefits over allogenic blood transfusions by delivering increased oxygen carrying capacity, saves time in trauma cases and battlefield scenarios, higher life than the regular blood, minor chances of disease spreading and ability to manufacture larger quantities of blood. Artificial blood is available in the market in terms of hemoglobin-based oxygen carriers and perfluorocarbon emulsions.

  • Perfluorocarbon emulsions are based on inert components which replace hydrogen and fluorine. Hemoglobin-based oxygen carriers consist of hemoglobin derived products sourced from human blood, bovine blood, microorganisms, and transgenic animals.

Market Drivers

  • Increase in shortage of transfusable blood stocks, trauma death due to lack of availability of blood during operations and increase in number of deaths by hemorrhagic shock ( it is a form of hypovolemic shock in which severe blood loss leads to inadequate oxygen delivery at the cellular level) globally are driving the global artificial blood market during the forecast period.

  • As per the 2011 analysis from the national blood collection and utilization survey, the US could see a shortfall of around 4 million units of blood annually by 2030.

  • According to the National center for biotechnology information in 2019, estimated that annual incidence of the shock of any etiology is 0.3- 0.7 per 1000 cases with hemorrhagic shock being the most common in the intensive care unit.

Market Restraints

  • Major factors hindering the global artificial blood market during the forecast period are expansive, lack of awareness and adverse side effects associated with the usage of the artificial blood.

Market Segmentation

  • Global artificial blood market is segmented by product type, by source, by application, and by distribution channel. By product, type includes hemoglobin-based oxygen carriers and perfluorocarbon emulsion, and by source includes human hemoglobin, animal hemoglobin, stem cells, synthetic polymers, and others.

  • The application type includes anemia, organ transplant, injuries, cardiovascular diseases, maternal conditions, and others, and by distribution channel includes hospitals, clinics, and blood banks.

  • Hemoglobin-based oxygen carriers dominate the global artificial blood market during the forecast period owing to its extended product portfolio by key players compared with the perfluorocarbon emulsions, key players investing in the development of advanced hemoglobin-based oxygen carrier’s majority of them are in clinical trials.

Geographical Analysis

  • The global artificial blood market is segmented into North America, Europe, Asia Pacific, South America, and Middle East & Africa.

  • North America dominates the global artificial blood market during the forecast period owing to the rise in trauma deaths due to excessive blood loss prior to the admission, increase in the prevalence of anemia and blood-related disorders across the region and leading to the development of novel artificial blood.

  • Europe is expected to grow at higher CAGR during the forecast period owing to the rise in R&D investment by the government organizations in biotechnological startups for the development of novel artificial blood.

  • According to Health 24 in 2016, more than 20,000 trauma deaths in the united states occur due to the blood prior to arriving at the treatment center.

  • In December 2017, UK life science company SpheriTech has been awarded 113k by Innovate UK to develop SpheriSome Hb( artificial blood) which could revolutionize the treatment of trauma patients.

Competitive Analysis

  • Funding form government organizations for the development of novel technologies in artificial blood, new product launches and strategic collaboration for the manufacturing of the artificial blood driving the global artificial blood market during the forecast period.

  • In February 2019, Seattle Based medical technology company Healionics raised 3.8 million in funding to support the development of an artificial blood vessel called STARgraft for patients who undergo dialysis treatment.

  • In November 2018, Hemarina and Delpharm made a strategic collaboration for manufacturing of HEMO2life®, an additive for organ transplantation solutions. According to the deal the manufacturing to conducted at Delpharm’s industrial plant in Tours(center-west of France).

  • Major market players in the artificial blood market are FLUORO2 Therapeutics, Kalocyte, Hemarina, North Field Laboratories, Biopure Corp, Sangart Corporation, Baxter, Green Cross Corp., Alliance Pharmaceutical Corporation, Alpha Therapeutic Corp., and others.

Target Audience:

  • Equipment Suppliers/ Buyers

  • Service Providers/ Buyers

  • Industry Investors/Investment Bankers

  • Education & Research Institutes

  • Research Professionals

  • Emerging Companies

  • Manufacturers


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Table of Content

1. Artificial Blood Market - Scope and Methodology

1.1. Research Methodology

1.2. The Scope of the market

2. Artificial Blood Market - Industry Trends

3. Artificial Blood Market Outlook

3.1. Drivers

3.2. Restraints

3.3. Opportunity

3.4. Regulation

3.5. Supply Chain Analysis

3.6. Technological Advancements

3.7. Porter’s Five Forces Analysis

4. Artificial Blood Market - Market Segmentation Analysis

4.1. By Product Type

4.1.1. Hemoglobin-based Oxygen carriers

4.1.2. Perfluorocarbon emulsion

4.2. By Source

4.2.1. Human Hemoglobin

4.2.2. Animal Hemoglobin

4.2.3. Stem Cells

4.2.4. Synthetic Polymers

4.2.5. Microorganisms

4.2.6. Others

4.3. By Application

4.3.1. Anemia

4.3.2. Organ Transplant

4.3.3. Injuries & Trauma

4.3.4. Cardiovascular diseases

4.3.5. Maternal conditions

4.3.6. Others

4.4. By Distribution Channel

4.4.1. Hospitals

4.4.2. Clinics

4.4.3. Blood banks

5. Artificial Blood Market - Regional, Country-level Analysis

5.1. Geographic Overview

5.2. North America

5.2.1. The U.S.

5.2.2. Mexico

5.2.3. Canada

5.3. Europe

5.3.1. Germany

5.3.2. The U.K.

5.3.3. France

5.3.4. Italy

5.3.5. Spain

5.3.6. Rest of Europe

5.4. South America

5.4.1. Brazil

5.4.2. Argentina

5.4.3. Rest of South America

5.5. Asia Pacific

5.5.1. China

5.5.2. India

5.5.3. Japan

5.5.4. Australia

5.5.5. Rest of Asia Pacific

5.6. Rest of World

6. Artificial Blood Market - Competitive Analysis

6.1. Competitive Scenario

6.2. Heat Map Analysis

6.3. Product Benchmarking

7. Artificial Blood Market - Company Profiles

7.1. FLUORO2 Therapeutics

7.2. Kalocyte

7.3. Hemarina

7.4. North Field Laboratories

7.5. Biopure Corporation

7.6. Sangart Corporation

7.7. Baxter

7.8. Green Cross Corporation

7.9. Alliance Pharmaceutical Corporation

7.10. Alpha Therapeutic Corp.

7.11. Others

8. Artificial Blood Market - Key companies to watch

9. Artificial Blood Market - Emerging Companies

10. Artificial Blood Market - Appendix

10.1. Sources

10.2. List of Tables

10.3. Expert Panel Validation

10.4. Disclaimer

10.5. Contact Us

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