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Global Artificial Blood Market is estimated to reach $10.73 billion by 2025

Global Artificial Blood Market is estimated to reach $10.73 billion by 2025; growing at a CAGR of 20.3% from 2017 to 2025. Artificial blood, also known as synthetic blood substitute or blood surrogate is a substance used as a replacement to biological blood. It is intended to offer an alternate to blood transfusion, transfer of blood or blood-based products from one to another individual. By use of artificial blood, it can be possible for doctors and surgeons to sidestep the risk of disease transmission and immune suppression and address the chronic blood donor shortage.

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