Artificial Blood Substitutes Market Global Trends, Market Share, Industry Size, Growth, Opportunities and Market Forecast – 2022 to 2028

The Artificial Blood Substitutes Market is expected to at a CAGR of 23% during the forecast period 2022-2028. 

Artificial blood substitutes are also known as oxygen therapy or hemoglobin-based oxygen carriers. It mimics the function of biological blood and is used to replace blood transfusions. Artificial blood serves as an alternative to banked red blood cell transfusions and is designed to overcome limitations such as lack of blood sonography, high-risk contamination, and cross-matching requirements. Allogeneic transfusion has multiple risks and can lead to infection transmission, transfusion reactions, transfusion-related acute lung injury, delayed postoperative wound healing, immunomodulation, and potential risk of cancer recurrence. We promise new and important life-saving medicine.

Market Segments

By Type:

• HBOC
• PFBOC

By Application:

• Hospital
• Clinic
• Research Institute

Key Players

• Aurum Biosciences Ltd.
• HEMARINA SA
• Hemoglobin Oxygen Therapeutics LLC
• KaloCyte Inc.
• SpheriTech Ltd.

Scope of the Report

The research study analyzes the global Artificial Blood Substitutes industry from 360-degree analysis of the market thoroughly delivering insights into the market for better business decisions, considering multiple aspects some of which are listed below as:

Recent Developments

o Market Overview and growth analysis
o Import and Export Overview
o Volume Analysis
o Current Market Trends and Future Outlook
o Market Opportunistic and Attractive Investment Segment

Geographic Coverage

o North America Market Size and/or Volume
o Latin America Market Size and/or Volume
o Europe Market Size and/or Volume
o Asia-Pacific Market Size and/or Volume
o Rest of the world Market Size and/or Volume

Key Questions Answered by Artificial Blood Substitutes Market Report

1. What was the Artificial Blood Substitutes Market size in 2019 and 2020; what are the estimated growth trends and market forecast (2022-2028).

2. What will be the CAGR of Artificial Blood Substitutes Market during the forecast period (2022-2028)?
3. Which segments (product type/applications/end-user) were most attractive for investments in 2022? How these segments are expected to grow during the forecast period (2022-2028).
4. Which manufacturer/vendor/players in the Artificial Blood Substitutes Market was the market leader in 2020?
5. Overview on the existing product portfolio, products in the pipeline, and strategic initiatives taken by key vendors in the market.