Global Blood Contacting Medical Device

Global Blood Contacting Medical Devices Market: Industry Analysis and Forecast (2020-2026) by Product, Application, End-User and Region

Report ID: GMRI0015 | Published Date: Jun 2021 | Report Format: PDF

Price : $3549

Global Blood Contacting Medical Devices Market Overview

The global market for blood-contacting medical devices is projected to grow at a compound annual growth rate (CAGR) of 5.65%, reaching an estimated value of approximately USD 5.7 billion by 2026.

Blood-contacting medical devices refer to those instruments that interact directly with blood during various medical procedures such as diagnosis, treatment, or surgery. These include devices like cardiovascular implants, dialysis equipment, catheters, and other implantable tools. Examples of implantable blood-contacting devices are vascular grafts, stents, and heart valves, which play a critical role in managing cardiovascular conditions. Additionally, devices such as central venous catheters and ports are essential for venous access and administering drugs, especially for cancer patients, including those with hematological cancers.

Market Dynamics

A key factor propelling the market growth is the use of hemocompatible or synthetic materials in these devices, which help prevent thrombosis and improve patient safety. Continuous innovation and research efforts aimed at developing advanced medical technologies, coupled with the increasing incidence of chronic illnesses like diabetes and cancer, are driving demand for blood-contacting medical devices.

The report includes profiles of seventeen prominent companies from various global regions, encompassing market leaders, emerging players, and new entrants with investor backing. Regional variations in research and development intensity, technology accessibility, and cost factors are thoroughly analyzed, with a special focus on the Asia-Pacific (APAC) region as a promising area for future growth.

Segment Analysis

The market is segmented by product type, application, and end-user. Among product categories, long-term blood-contacting devices such as stents dominate usage. Stents are widely employed in cardiovascular surgeries to open arteries obstructed by plaque buildup. They act as structural supports within blood vessels, anchoring grafts and maintaining artery patency to reduce heart attack risk. These clinical benefits contribute significantly to the growth of this segment.

Regional Insights

North America is expected to maintain its position as the leading region in the global blood-contacting medical devices market. This dominance is attributed to the presence of advanced healthcare infrastructure, an increasing prevalence of cardiovascular diseases linked to lifestyle changes, and the introduction of innovative products. Additionally, the region witnesses a high volume of cardiovascular surgeries and benefits from continuous technological progress in the medical field, all of which contribute to market expansion.

Market Report Highlights

The report offers a comprehensive analysis of the global blood-contacting medical devices market by examining market dynamics and structure through detailed segmentation. It provides a clear competitive landscape overview, evaluating key players based on factors such as product offerings, pricing strategies, financial health, growth initiatives, and geographic footprint. This detailed competitive analysis serves as a valuable resource and guide for investors interested in the market.

Global Blood Contacting Medical Devices Market

By Region:

North America
Europe
South America
Middle East & Africa (MEA)
Asia-Pacific (APAC)

Key Players in the Global Blood Contacting Medical Devices Market:

SynCardia Systems, LLC
Berlin Heart
HeartWare
Lifetech Scientific
Abbott
Boston Scientific Corporation
Medtronic
SGS
Eurofins Scientific
Bureau Veritas
Intertek
Elements Material Technology
Envigo
Avomeen Analytical Services
Gateway Analytical
Medistri SA
Medical Device Testing Services

AI and Machine Learning Integration, American Marketing Association (AMA), Associate Consultant, Associate Partner (Consulting), Brand Awareness/Perception Studies, Branding Research, Case Studies, Competitor Analysis, Competitor Research, Comprehensive Approach, Consultant, Consulting/Consultancy, Consistency and Brand Alignment, Cost-Effectiveness, Council of American Survey Research (CASRO), Customer Journey Maps (CJM), Customer Research, Customer Understanding, Data Analysis, Data Collection, Digital Transformation Consulting, Director of Market Research, Economic Consulting, Efficiency, Enhanced Decision-Making, ESG (Environmental, Social, Governance) Consulting, ESOMAR, Exploratory Research, Financial Advisory, Flexible Models and Specialization (Consulting), Human Element (Consulting), Human Resources (HR) Consulting, Implementation Consulting, In-house Market Research Capabilities, Insights Analyst, Insights Generation, Integrated Services, Intern (Consulting), IT/Technology Consulting, Manager (Consulting), Market Research, Market Research Analysts, Market Research Reports, Market Segmentation Reports, Marketing Data Analyst, Marketing Research Association (MRA), Observational Research, Optimized Resource Allocation, Partner (Consulting), Personalized Solutions (Consulting), Primary Research, Problem Solving, Product Research, Product Research Analyst, Qualitative Research, Qualitative Research Assistant, Qualitative Research Consultants Association (QRCA), Quantitative Research, Real-Time Data Analytics, Remote Work (Consulting), Risk Consulting, Risk Reduction, Secondary Research, Senior Associate Consultant, Senior Manager (Consulting), Social Media Listening, Specific Research, Strategic Plans, Strategy Consulting, Sustainability Consulting, SWOT Analysis, Target Market/Audience.

Preface
1.1 Market Definition and Key Research Objectives
1.2 Research Highlights
Assumptions and Research Methodology
2.1 Report Assumptions
2.2 Abbreviations
2.3 Research Methodology
2.3.1 Secondary Research
2.3.2 Primary Research
Executive Summary
3.1 Global Market Segmentation and Share Analysis
3.2 Geographical Snapshot by Manufacturer Share
Global Market Overview (2019-2026)
4.1 Market Dynamics
4.1.1 Drivers (Global & Regional)
4.1.2 Restraints (Global & Regional)
4.1.3 Opportunities (Global & Regional)
4.1.4 Challenges (Global & Regional)
4.2 Industry Trends and Emerging Technologies
4.3 Porter’s Five Forces Analysis
4.4 Value Chain Analysis
4.5 Technological Roadmap
4.6 Regulatory Landscape
4.7 Impact of COVID-19 Pandemic
Supply and Demand Indicators
Global Market Analysis and Forecast (2019-2026)
6.1 Market Size and Year-on-Year Growth
Market Segmentation
7.1 By Product
7.1.1 Short-term Blood Contacting Devices
7.1.2 Long-term Blood Contacting Devices
7.1.3 Implantable Blood Contacting Devices
7.2 By Application
7.2.1 Spine Surgery
7.2.2 Gynecological Surgery
7.2.3 Orthopedic Surgery
7.2.4 Neurological Surgery
7.2.5 Urological Surgery
7.3 By End-Users
7.3.1 Hospitals
7.3.2 Specialty Clinics
7.3.3 Ambulatory Surgery Centers
7.3.4 Others
Regional Market Analysis and Forecasts (2019-2026)
8.1 North America
8.1.1 Market by Product, Application, End-Users
8.1.2 Country Analysis: US, Canada, Mexico
8.2 Europe
8.2.1 Market by Product, Application, End-Users
8.2.2 Country Analysis: UK, France, Germany, Italy, Spain, Sweden, CIS Countries, Rest of Europe
8.3 Asia Pacific
8.3.1 Market by Product, Application, End-Users
8.3.2 Country Analysis: China, India, Japan, South Korea, Australia, ASEAN, Rest of Asia Pacific
8.4 Middle East & Africa
8.4.1 Market by Product, Application, End-Users
8.4.2 Country Analysis: South Africa, GCC Countries, Egypt, Nigeria, Rest of ME&A
8.5 South America
8.5.1 Market by Product, Application, End-Users
8.5.2 Country Analysis: Brazil, Argentina, Rest of South America
Competitive Landscape
9.1 Geographic Footprint of Major Players
9.2 Competition Matrix and Benchmarking
9.3 Market Consolidation: M&A, Partnerships, Joint Ventures
9.4 Company Profiles of Key Players
- SynCardia Systems, LLC
- Berlin Heart
- HeartWare
- Lifetech Scientific
- Abbott
- Boston Scientific Corporation
- Medtronic
- SGS
- Eurofins Scientific
- Bureau Veritas
- Intertek
- Elements Material Technology
- Envigo
- Avomeen Analytical Services
- Gateway Analytical
- Medistri SA
- Medical Device Testing Services
Primary Key Insights

Report Research Methodology

At our global market research firm, we use advanced analytical tools and methodologies to deliver precise, data-driven insights. Our experienced analysts provide comprehensive research reports equipped with actionable strategies that can generate measurable business outcomes. We use a combination of top-down and bottom-up approaches to examine the market from multiple perspectives.

This dual approach allows for thorough segmentation and enables a deep-dive analysis of each individual market segment.

We also adopt data triangulation methods to cross-validate data from various sources. This ensures our clients receive well-rounded, accurate market insights. The key elements of our research methodology include:

Exploratory Data Mining

We begin with an extensive data collection process, gathering raw information that is rigorously filtered to retain only what is relevant. This filtered data is verified for authenticity before being used further. In addition to new data, we also integrate validated insights from our internal database of previous reports and research studies.

Our extensive in-house data repository, along with access to reliable paid databases, forms the foundation for robust research outputs.

Market Landscape Understanding

To gain a holistic view of the market, we analyze both historical data and current trends. Our sources include industry stakeholders such as distributors and suppliers, in addition to credible government portals and official reports.

We also utilize qualitative inputs such as journal publications, survey responses, and customized questionnaires. Emphasis is placed on analyzing key industry dynamics like drivers, restraints, and economic factors. All collected data undergoes stringent validation and is refined using best-in-class cross-verification techniques.

Data Collection Matrix

Research Tools & Models

We use simulation-based models and business intelligence (BI) dashboards to deliver real-time statistics and predictive insights. Clients also benefit from our online reporting tools, which offer access to KPIs, brand performance data, and embedded analytics.

Our research models are tailored based on each client's unique needs. The datasets include market dynamics, technological developments, pricing trends, and application landscapes, all of which feed into forecasting models.

We provide both short-term econometric analysis and long-term technology market forecasts, helping clients seize emerging opportunities. By comparing variables like technological advancement, product innovation, and capital flow, we can assess their impact over the forecast period.

Our analysts apply correlation, regression, and time-series analysis to provide reliable business forecasts. They also account for external factors such as regulatory landscapes, technological shifts, and economic indicators.

We analyze demographic data regionally and then consolidate it to provide a “glo-cal” (global + local) perspective. Every report is curated to deliver actionable insights with precision and speed. Our team closely collaborates with clients throughout the research process—from market exploration to strategy execution.

Forecasting Parameters

We assign different weightages to forecasting factors to quantify their influence on market dynamics. This ensures a transparent and measurable projection of market trends. Parameters include:

Key market drivers and restraints, including their current and projected impact
Raw material availability and pricing trends
Regulatory frameworks and expected policy changes
Current and future production capacity through 2027

Primary Validation

The final stage of the research process involves market forecasting and expert validation. In-depth interviews are conducted with senior decision-makers and industry veterans to verify the research assumptions and findings.

We perform face-to-face and telephonic interviews with professionals across the value chain—suppliers, distributors, vendors, and end-users—to ensure unbiased and well-rounded insights. With a multilingual team, we conduct global interviews seamlessly.

These expert interactions enrich our reports with real-world context, enhancing their reliability and credibility. Our trained researchers engage with Key Industry Participants (KIPs), including:

Established market leaders
Raw data providers
Network partners like resellers and distributors
End-user representatives

Objectives of Primary Research

To confirm the accuracy and relevance of collected data
To understand current market conditions and forecast future trends

Industry Analysis Matrix