Artificial Blood Market: By Product Type (Hemoglobin-Based Oxygen Carriers, Perflurocarbon-Based Products, Recombinant Factors, Synthetic Platelets, Plasma Expanders, Others),By Application (Traumatic Injuries, Blood Disorders, Anemia, Surgeries, Others), By Distribution Channel(Hospitals, Clinics, Blood Banks), and Geography  

Purchase Option

$ 4400
$ 4600
$ 6900

Artificial Blood Market size was valued at USD 3161.3 million in 2022 and is poised to grow at a CAGR of 11.9% from 2023-2029. Artificial blood or synthetic blood and blood products are the alternatives to blood transfusion to replace the blood. It fulfills and replicates the normal functions of the body. Artificial blood is infused in traumatic injuries and other disease conditions for the transportation of carbon dioxide and oxygen across the body. Moreover, scientists are focusing on the development of artificial blood due to an inadequate number of blood donors leads to a shortage of blood. However, there are adverse effects associated with artificial blood such as hemoglobin-based blood substitutes might increase the occurrence of heart attacks. Artificial blood is mostly utilized in the treatment of trauma patients, therefore an increase in the number of people suffering from heart and renal diseases is expected to drive market growth over the forecast period. Conventional blood transfusion methods are frequently impractical to provide in battlefield circumstances. Artificial blood, which is a simple technique to manage blood supply in an effective and time-saving manner, might assist medical care in the armed forces in that event. All of these factors are contributing to the global growth of the artificial blood market.

Key Developments:
In April 2017, Plasticell collaborated with Kings College London to progress the preclinical trials of artificial blood platelet products, prepared from pluripotent stem cells

Artificial Blood Market Summary

Study Period

2024-2030

Base Year

2023

CAGR

11.9%

Largest Market

North America

Fastest Growing Market

Asia-Pacific
Artificial Blood Market Dynamics

Drivers: Increase in the prevalence of anemia and traumatic injuries, Rise in R&D for the innovation of newer products, Growing number of surgeries combined with decrease in number of blood donors. Restraints: Lower shelf-life and instability of artificial blood, Adverse effects associated with artificial blood substitutes, Stringent regulatory guidelines for product approval.

Key Features of the Reports

  • The report provides granular level information about the market size, regional market share, historic market (2018 to 2022) and forecast (2023 to 2029)
  • The report covers in-detail insights about the competitor’s overview, company share analysis, key market developments, and their key strategies
  • The report outlines drivers, restraints, unmet needs, and trends that are currently affecting the market
  • The report tracks recent innovations, key developments and startup’s details that are actively working in the market
  • The report provides plethora of information about market entry strategies, regulatory framework and reimbursement scenario
  • The report analyses the impact of socio-political environment through PESTLE Analysis and competition through Porter’s Five Force Analysis in addition to recent technology advancements and innovations in the market

Artificial Blood Market Segmentation

By Product Type
  • Hemoglobin-Based Oxygen Carriers
  • Perflurocarbon-Based Products
  • Recombinant Factors
  • Synthetic Platelets
  • Plasma Expanders
  • Others
By Application
  • Traumatic Injuries
  • Blood Disorders
  • Anemia
  • Surgeries
  • Others
By Distribution Channel
  • Hospitals
  • Clinics
  • Blood Banks

Frequently Asked Questions

The artificial blood market is projected to expand at a CAGR of 11.9% during the forecast period  

Alpha Therapeutic Corp, FluorO2 Therapeutics, Plasticell Limited

North America is the fastest-growing region for the artificial blood market

  1. Executive Summary
  2. Global Artificial Blood Market Introduction
    • Global Artificial Blood Market Taxonomy
    • Global Artificial Blood Market Definitions
      • Product Type
      • Application
      • Distribution Channel
  1. Global Artificial Blood Market Dynamics
    • Drivers
    • Restraints
    • Opportunities/Unmet Needs of the Market
    • Trends
    • Global Artificial Blood Market Dynamic Factors - Impact Analysis
    • Global Artificial Blood Market Competition Landscape
    • Epidemiology
  2. Global Artificial Blood Market Analysis,2018 - 2022 and Forecast, 2023 - 2029
    • Market Analysis, 2018 - 2022 and Forecast, 2023 - 2029 (Revenue, USD Mn)
    • Year-over-Year (Y-o-Y) Growth Analysis (%)
    • Market opportunity analysis
  3. Global Artificial Blood Market, By Product Type, 2018 - 2022 and Forecast, 2023 - 2029 (Revenue, USD Mn)
    • Hemoglobin-Based Oxygen Carriers
      • Market Analysis, 2018 - 2022 and Forecast, 2023 - 2029 (Revenue, USD Mn)
      • Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%)
      • Market Opportunity Analysis
    • Perflurocarbon-Based Products
      • Market Analysis, 2018 - 2022 and Forecast, 2023 - 2029 (Revenue, USD Mn)
      • Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%)
      • Market Opportunity Analysis
    • Recombinant Factors
      • Market Analysis, 2018 - 2022 and Forecast, 2023 - 2029 (Revenue, USD Mn)
      • Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%)
      • Market Opportunity Analysis
    • Synthetic Platelets
      • Market Analysis, 2018 - 2022 and Forecast, 2023 - 2029 (Revenue, USD Mn)
      • Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%)
      • Market Opportunity Analysis
    • Plasma Expanders
      • Market Analysis, 2018 - 2022 and Forecast, 2023 - 2029 (Revenue, USD Mn)
      • Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%)
      • Market Opportunity Analysis
    • Others
      • Market Analysis, 2018 - 2022 and Forecast, 2023 - 2029 (Revenue, USD Mn)
      • Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%)
      • Market Opportunity Analysis
  1. Global Artificial Blood Market Forecast, By Application,2018 - 2022 and Forecast, 2023 - 2029
    • Traumatic Injuries
      • Market Analysis, 2018 - 2022 and Forecast, 2023 - 2029 (Revenue, USD Mn)
      • Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%)
      • Market Opportunity Analysis
    • Blood Disorders
      • Market Analysis, 2018 - 2022 and Forecast, 2023 - 2029 (Revenue, USD Mn)
      • Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%)
      • Market Opportunity Analysis
    • Anemia
      • Market Analysis, 2018 - 2022 and Forecast, 2023 - 2029 (Revenue, USD Mn)
      • Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%)
      • Market Opportunity Analysis
    • Surgeries
      • Market Analysis, 2018 - 2022 and Forecast, 2023 - 2029 (Revenue, USD Mn)
      • Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%)
      • Market Opportunity Analysis
    • Others
      • Market Analysis, 2018 - 2022 and Forecast, 2023 - 2029 (Revenue, USD Mn)
      • Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%)
      • Market Opportunity Analysis
  1. Global Artificial Blood Market Forecast, By Distribution Channel, 2018 - 2022 and Forecast, 2023 - 2029 (Revenue, USD Mn)
    • Hospitals
      • Market Analysis, 2018 - 2022 and Forecast, 2023 - 2029 (Revenue, USD Mn)
      • Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%)
      • Market Opportunity Analysis
    • Clinics
      • Market Analysis, 2018 - 2022 and Forecast, 2023 - 2029 (Revenue, USD Mn)
      • Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%)
      • Market Opportunity Analysis
    • Blood Banks
      • Market Analysis, 2018 - 2022 and Forecast, 2023 - 2029 (Revenue, USD Mn)
      • Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%)
      • Market Opportunity Analysis
  1. Global Artificial Blood Market Forecast, By Region, 2018 - 2022 and Forecast, 2023 - 2029 (Revenue, USD Mn)
    • North America
      • Market Analysis, 2018 - 2022 and Forecast, 2023 - 2029 (Revenue, USD Mn)
      • Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%)
      • Market Opportunity Analysis
    • Europe
      • Market Analysis, 2018 - 2022 and Forecast, 2023 - 2029 (Revenue, USD Mn)
      • Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%)
      • Market Opportunity Analysis
    • Asia-Pacific
      • Market Analysis, 2018 - 2022 and Forecast, 2023 - 2029 (Revenue, USD Mn)
      • Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%)
      • Market Opportunity Analysis
    • Latin America
      • Market Analysis, 2018 - 2022 and Forecast, 2023 - 2029 (Revenue, USD Mn)
      • Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%)
      • Market Opportunity Analysis
    • Middle East and Africa
      • Market Analysis, 2018 - 2022 and Forecast, 2023 - 2029 (Revenue, USD Mn)
      • Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%)
      • Market Opportunity Analysis
    • Global Artificial Blood Market - Opportunity Analysis Index, By Product Type, By Application, By Distribution Channel and Region, 2023 - 2029
  2. North America Artificial Blood Market Analysis,2018 - 2022 and Forecast, 2023 - 2029 (Revenue, USD Mn)
    • Product Type Analysis 2018 - 2022 and Forecast 2023 - 2029 by Revenue (USD Mn),Y-o-Y Growth (%), and Market Share (%)
      • Hemoglobin-Based Oxygen Carriers
      • Perflurocarbon-Based Products
      • Recombinant Factors
      • Synthetic Platelets
      • Plasma Expanders
      • Others
    • Application Analysis 2018 - 2022 and Forecast 2023 - 2029 by Revenue (USD Mn), Y-o-Y Growth (%) and Market Share (%)
      • Traumatic Injuries
      • Blood Disorders
      • Anemia
      • Surgeries
      • Others
    • Distribution Channel Analysis 2018 - 2022 and Forecast 2023 - 2029 by Revenue (USD Mn), Y-o-Y Growth (%) and Market Share (%)
      • Hospitals
      • Clinics
      • Blood Banks
    • Country Analysis 2018 and Forecast 2023 - 2029 by Revenue (USD Mn) Y-o-Y Growth (%) and Market Share (%)
      • US
      • Canada
    • North America Artificial Blood Market - Opportunity Analysis Index, By Product Type, ByApplication, By Distribution Channel,and Country, 2023 - 2029
    • North America Artificial Blood Market Dynamics - Trends
  3. Europe Artificial Blood Market Analysis, 2018 - 2022 and Forecast, 2023 - 2029 (Revenue, USD Mn)
    • Product Type Analysis 2018 - 2022 and Forecast 2023 - 2029 by Revenue (USD Mn),Y-o-Y Growth (%), and Market Share (%)
      • Hemoglobin-Based Oxygen Carriers
      • Perflurocarbon-Based Products
      • Recombinant Factors
      • Synthetic Platelets
      • Plasma Expanders
      • Others
    • Application Analysis 2018 - 2022 and Forecast 2023 - 2029 by Revenue (USD Mn), Y-o-Y Growth (%) and Market Share (%)
      • Traumatic Injuries
      • Blood Disorders
      • Anemia
      • Surgeries
      • Others
    • Distribution Channel Analysis 2018 - 2022 and Forecast 2023 - 2029 by Revenue (USD Mn), Y-o-Y Growth (%) and Market Share (%)
      • Hospitals
      • Clinics
      • Blood Banks
    • Country Analysis 2018 - 2022 and Forecast 2023 - 2029 by Revenue (USD Mn) Y-o-Y Growth (%) and Market Share (%)
      • Germany
      • UK
      • France
      • Spain
      • Italy
      • Russia
      • Poland
      • Rest of Europe
    • Europe Artificial Blood Market - Opportunity Analysis Index, By Product Type, ByApplication, By Distribution Channel, and Country,2023 - 2029
    • Europe Artificial Blood Market Dynamics - Trends
  4. Asia-Pacific Artificial Blood Market Analysis, 2018 - 2022 and Forecast, 2023 - 2029 (Revenue, USD Mn)
    • Product Type Analysis 2018 - 2022 and Forecast 2023 - 2029 by Revenue (USD Mn),Y-o-Y Growth (%), and Market Share (%)
      • Hemoglobin-Based Oxygen Carriers
      • Perflurocarbon-Based Products
      • Recombinant Factors
      • Synthetic Platelets
      • Plasma Expanders
      • Others
    • Application Analysis 2018 - 2022 and Forecast 2023 - 2029 by Revenue (USD Mn), Y-o-Y Growth (%) and Market Share (%)
      • Traumatic Injuries
      • Blood Disorders
      • Anemia
      • Surgeries
      • Others
    • Distribution Channel Analysis 2018 - 2022 and Forecast 2023 - 2029 by Revenue (USD Mn), Y-o-Y Growth (%) and Market Share (%)
      • Hospitals
      • Clinics
      • Blood Banks
    • Country Analysis2018 - 2022 and Forecast 2023 - 2029 by Revenue (USD Mn) Y-o-Y Growth (%) and Market Share (%)
      • Japan
      • China
      • India
      • ASEAN
      • Australia & New Zealand
      • Rest of Asia-Pacific
    • Asia-Pacific Artificial Blood Market - Opportunity Analysis Index, By Product Type, by application, By Distribution Channel, and Country,2023 - 2029
    • Asia-Pacific Artificial Blood Market Dynamics Trends
  5. Latin America Artificial Blood Market Analysis, 2018 - 2022 and Forecast, 2023 - 2029 (Revenue, USD Mn)
    • Product Type Analysis 2018 - 2022 and Forecast 2023 - 2029 by Revenue (USD Mn), Y-o-Y Growth (%), and Market Share (%)
      • Hemoglobin-Based Oxygen Carriers
      • Perfluorocarbon-Based Products
      • Recombinant Factors
      • Synthetic Platelets
      • Plasma Expanders
      • Others
    • Application Analysis 2018 - 2022 and Forecast 2023 - 2029 by Revenue (USD Mn), Y-o-Y Growth (%) and Market Share (%)
      • Traumatic Injuries
      • Blood Disorders
      • Anemia
      • Surgeries
      • Others
    • Distribution Channel Analysis 2018 - 2022 and Forecast 2023 - 2029 by Revenue (USD Mn), Y-o-Y Growth (%) and Market Share (%)
      • Hospitals
      • Clinics
      • Blood Banks
    • Country Analysis 2018 - 2022 and Forecast 2023 - 2029 by Revenue (USD Mn) Y-o-Y Growth (%) and Market Share (%)
      • Brazil
      • Mexico
      • Argentina
      • Venezuela
      • Rest of Latin America
    • Latin America Artificial Blood Market - Opportunity Analysis Index, By Product Type, by application, By Distribution Channel, and Country,2023 - 2029
    • Latin America Artificial Blood Market Dynamics Trends
  6. Middle East and Africa Artificial Blood Market Analysis, 2018 - 2022 and Forecast, 2023 - 2029 (Revenue, USD Mn)
    • Product Type Analysis 2018 - 2022 and Forecast 2023 - 2029 by Revenue (USD Mn),Y-o-Y Growth (%), and Market Share (%)
      • Hemoglobin-Based Oxygen Carriers
      • Perflurocarbon-Based Products
      • Recombinant Factors
      • Synthetic Platelets
      • Plasma Expanders
      • Others
    • Application Analysis 2018 - 2022 and Forecast 2023 - 2029 by Revenue (USD Mn), Y-o-Y Growth (%) and Market Share (%)
      • Traumatic Injuries
      • Blood Disorders
      • Anemia
      • Surgeries
      • Others
    • Distribution Channel Analysis 2018 - 2022 and Forecast 2023 - 2029 by Revenue (USD Mn), Y-o-Y Growth (%) and Market Share (%)
      • Hospitals
      • Clinics
      • Blood Banks
    • Country Analysis 2018 - 2022 and Forecast 2023 - 2029 by Revenue (USD Mn) Y-o-Y Growth (%) and Market Share (%)
      • Gulf Cooperation Council (GCC) Countries
      • Israel
      • South Africa
      • Rest of MEA
    • MEA Artificial Blood Market - Opportunity Analysis Index, By Product Type, By Application, By Distribution Channel and Country,2023 - 2029
    • MEA Artificial Blood Market Dynamics Trends
  7. Competition Landscape
    • Strategic Dashboard of Top Market Players
    • Company Profiles (Introduction, Financial Analysis, Product Type& Service Offerings, Key Developments, Strategies, and SWOT Analysis)
      • Alpha Therapeutic Corp (U.S.)
      • FluorO2 Therapeutics (U.S.)
      • Plasticell Limited (U.K.)
  1. Research Methodology
  2. Key Assumptions and Acronyms
  • Alpha Therapeutic Corp (U.S.)
  • FluorO2 Therapeutics (U.S.)
  • Plasticell Limited (U.K.)
  • B. Braun Melsungen
  • Cook Medical Incorporated
  • Becton, Dickinson and Company
  • Terumo Medical Corporation
  • Medtronic