Healthcare budget allocations help countries in strengthening the workforces and improving the productivity of this sector, thereby contributing to economic performance. Rapid economic developments in India, China and other countries in Asia have augmented the healthcare expenditure in these countries, which enables them to establish better medical service infrastructure. Developing countries are significantly focusing on expanding and improving their healthcare facilities and services by leveraging technological advancements. The developing nations are focusing on introducing advanced healthcare facilities and services to overcome critical health issues. For instance, the government of India, through its National Health Authority agency, has implemented Ayushman Bharat – Pradhan Mantri Jan Arogya Yojana (AB-PMJAY). This scheme has facilitated free/affordable treatment for cancer patients in the country. As per the data published by the National Health Authority of India, about 470,133 cancer cases have been treated under AB-PMJAY. These government initiatives are likely to provide lucrative opportunities for market players to introduce advanced technologies in autotransfusion devices, which, in turn, would propel the growth of the autotransfusion devices market during the forecast years.
The Asia-Pacific autotransfusion devices market is segmented on the basis of type, application, end user, and country. The market, by type, is bifurcated into products and accessories. In 2021, the accessories segment held a larger market share. The market for the products segment is further segmented into intraoperative autotransfusion systems, postoperative autotransfusion systems, and dual-mode autotransfusion systems. In 2021, the intraoperative autotransfusion systems segment held the largest market share. The Asia-Pacific autotransfusion devices market, by application, is segmented into cardiac surgeries, orthopedic surgeries, organ transplantation, trauma procedures, and others. The cardiac surgeries segment held the largest market share in 2021. Based on end user, the market is segmented into hospitals, specialty clinics, and ambulatory surgical centers. The hospitals segment held the largest share of the market in 2021. Based on country, the market is segmented into China, Japan, India, South Korea, Australia, and the rest of Asia-Pacific. Japan contributed a substantial share in 2021.
BD, Braile Biomedica, Fresenius SE & Co. KGaA, Haemonetics Corporation, LivaNova PLC, Medtronic, Redax S.p.A., SARSTEDT AG and Co. KG, Teleflex Incorporated, and Zimmer Biomet are among the leading companies in the Asia-Pacific autotransfusion devices market.