Platelet Agitator Market

Global Platelet Agitator Market Size (2023 to 2028)

The global platelet agitator market is projected to grow at a CAGR of 4.10% during the forecast period.

In general, agitators are devices that put some particular things into motion by shaking or stirring. For example, the platelet agitator is generally used to prevent clumping of platelets, kept in the same position without any movements, by continuously shaking the platelets gently to prevent clumps. These are also available in different sizes and users can choose according to their usage. It has multiple shelves made up of stainless steel, and once the platelet bags are arranged on the shelves, the agitator is switched on to start the process. 

MARKET DRIVERS:

The growing prevalence of chronic diseases worldwide is a significant factor driving the growth of the global platelet agitator market.

People's awareness of the benefits of early diagnosis is significantly influencing the growth rate of the market. In addition, the growing prevalence of effective treatment procedures is accelerating the demand for the platelet agitator market. Increasing awareness of the available treatment procedures for different health disorders is solely to set up growth opportunities for the global platelet agitator market. Furthermore, the rise in the elderly population globally is lavishing the growth rate of the platelet agitator market. Growing funds from public and private organizations on research and development institutes are very likely to bolster the market's growth rate to an extent. In addition, surging expenditure on healthcare is fuelling the demand for the market. Another factor fuelling the market's growth is the increasing number of people with abnormalities in platelets and the prevalence of permanent cures of the disease. 

MARKET RESTRAINTS:

However, the shortage of skilled labor following the procedure due to fewer training programs significantly in rural areas hinders the market's growth rate. Fluctuations in the production rate are also inhibiting the demand of the platelet agitator market. Lack of standardization is one more factor declining the growth rate of the global platelet agitator market. 

Impact of COVID-19 on the global platelet agitator market:

The pandemic has been an opportunity in disguise for the whole pharmaceutical and healthcare industry. While the supply and Marketing activities have been halted, all the major players focused on research and development. As a result, they increased the funding for research and development. The primary beneficiaries of this event have been supplementary industries like medical devices, healthcare IT, and biotechnology. Subsequently, the prevalence of diseases like dengue, Chikungunya, and malaria has also increased. These diseases lower the platelet count, and the research process on these diseases requires a constant supply of platelets. In addition, due to the tendency of platelets to clump, they need to be constantly agitated. Thus, the platelet agitator is required. With the increasing prevalence of these diseases, governments focus on eliminating them as they impact the community and country. Therefore, the demand for platelet agitators has been increasing during the pandemic due to increased research and development by research institutions and companies.

REPORT COVERAGE:

This report on the global platelet agitator market has been segmented & sub-segmented based on the type, capacity, end-use & region.

Platelet Agitator Market - By Type:

• Flatbed
• Circular
• Combination Devices

Based on type, the flatbed segment held the major share of the worldwide market in 2022 and the segmental growth is anticipated to continue during the forecast period. The segmental growth is primarily driven by the growing support from governmental organizations by changing schemes and introducing reimbursement schemes in favor of ordinary people. In addition, the rising number of new entry-level players in the market is favoring the growth rate of the segment.  

Platelet Agitator Market - By Capacity:

• Small
• Medium
• Large

Based on capacity, the Medium capacity platelet agitators' growth rate has grown tremendously over the past few years and continues the same flow in foreseen years. In addition, increasing investments in the construction of research centers and laboratories in the biotechnology field is leveraging the market demand. 

Platelet Agitator Market - By End-User:

• Autonomous Blood Bank
• Hospital-Based Blood Banks
• Others

Based on end-user, the autonomous blood bank end-user segment is leading with dominant shares of the market. The growing scale of blood banks and storing blood for emergency cases is gaining traction over the platelet agitator market shares. 

Platelet Agitator Market - By Region:

• North America
• Europe
• APAC
• Latin America
• The Middle East and Africa

Regionally, in 2022, the North American regional market registered the leading share in the global market and is predicted to be continuing the dominating position throughout the forecast period due to the rapid adoption of the latest technologies and the launch of innovative techniques. The region held a market share of 36.6% in the global platelet agitator market in 2020. The presence of many healthcare services and the increasing necessity for warehouse and storage products are further accelerating the growth rate of the North American market. Growing awareness regarding blood donations in this region is expected to offer growth opportunities for the market during the forecast period.

Following North America, the Asia Pacific and Europe are predicted to account a significant share of the global market during the forecast period due to the increasing scale of end-user industries and growing revenue in developed and developing countries. 

The European platelet agitator market accounted for the second biggest share of the global market in 2020. An increasing number of hospitals in EU countries, rising patient count and advancements in technology, and an increase in chronic diseases like autoimmune hematological diseases are predicted to drive the consumption of platelets in the European market.

The Asia-Pacific platelet agitator market is predicted to showcase immense potential during the forecasting period. Growing biomedical expenses in the countries and increasing investments for advancements in technology in healthcare infrastructure are setting up opportunities in the region. In addition, enhancing healthcare infrastructure and increasing the number of people suffering from chronic diseases in China and India are propelling the market in the area.

The platelet agitator market in Latin America is expected to have a steady growth rate during the forecast period. Increasing healthcare expenses from private and public sectors, high technology assumptions, a significant number of players, and growing consciousness about platelet transfusion's significance is accelerating the market in the region.

The Middle East & Africa is anticipated to have a sluggish growth rate during the forecast period. The growth is attributed due to strategic collaborations and mergers and acquisitions, boosting the market growth. Growing platelet-related disorders is also stimulating growth.

KEY MARKET PLAYERS:

Notable market competitors leading the global platelet agitator market profiled in this report are Fanem Ltda., Helmer Scientific, TERUMO PENPOL PVT LIMITED, KW apparecchi scientifici, LABCOLD, Meditech Technologies India Private Limited, Boekel Scientific, EMSAS Electrical Equipment Industry & Trading Inc., Nuve, SARSTEDT AG & Co. and Zhejiang Sujing Purification Equipment Co. Ltd.