Blood Market: Global Industry Size, Share, Growth, Analysis and Forecast to 2022 - Brisk Insights

According to a recently published report, the Global Blood Market is expected to grow by 9.27% CAGR during 2016-2022. The segmentation of global blood market is based on application, product and geography. The report on global blood market forecast 2016-2022 (by application, product and geography) provides detailed overview and predictive analysis of the market.

Detailed study on this Report: http://www.briskinsights.com/report/blood-market

The increasing aging population and accumulative prevalence of peripheral vascular diseases is driving growth the global blood market.According to WHO, the world aging population has been expected to reach 2 billion by the end of 2050 which was 900 million in the year 2015. Now there are around 125 million people aged 80 years or more. In China, the population age above 65 years is expected to swell to 330 million by the end of 2050 which is 110 million at present. Whereas, India aged population is expected to cross 227 million by the end of 2050 from 60 million at present. This increase is nearly about 250% from today. By the end of 2050 almost 125 million people aged 80 years or more is expected to reach in China alone and 434 million people across the globe. Approximately 80% people live in low and middle income countries by the end of 2050.Overall it can be concluded that growing prevalence of aging population is and will be the major driver for the global blood market. Strict government regulations / compliance requirements, enactment of patient protection & affordable healthcare act, 2010 are the major restraint of the market whereas stringent government regulation is one of the major factor among all hindering the growth in the global market. The growth in the demand from emerging countries are creating huge opportunities for the global market. The rising concern for low cost medical treatment in such countries is increasing scope of blood market in the emerging countries. The growing number of surgeries in the...