Blood Collection Market Poised for Significant Growth Driven by Rising Demand for Early Diagnosis

Emergen Research's latest market research report, titled Global Blood Collection Market, provides estimated market size and shares, latest industry trends, global market growth rates, key drivers and opportunities, constraints, product segmentation, and major market players. Cost structure, market size, competitive landscape, product portfolio and specifications, and company profiles.

This report is a fair prototype of the Blood Collection-industry containing an in-depth study of the global Blood Collection market. This report serves as a valuable source of data and information related to this industry. It covers various industry aspects with a particular focus on market scope and application areas. The report identifies the fundamental business strategies adopted by industry experts and offers an insightful study on the value chains and distribution channels of the global market. The report authors have also analyzed current industry trends, growth potential, current overview, and market limitations.

The global blood collection market, valued at USD 10,993.98 million in 2021, is projected to grow at a steady revenue CAGR of 7.0% during the forecast period. This growth is fueled by the increasing need for early diagnosis of chronic diseases, rising cases of trauma and accidents, and the growing number of surgical procedures worldwide. Blood collection products are essential for patients undergoing chemotherapy, dialysis, organ transplants, and complex surgeries. The rising prevalence of blood-related disorders such as leukemia, lymphoma, and myeloma has further increased the demand for efficient blood collection methods.

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According to the Leukemia and Lymphoma Society (LLS) 2021 report, one person in the U.S. is diagnosed with blood cancer every three minutes, with 186,400 new cases reported that year. Additionally, 825,651 people in the U.S. were affected by lymphoma, demonstrating the growing need for regular blood tests and collection procedures. Furthermore, the increasing incidence of lifestyle diseases due to sedentary habits has led to greater emphasis on routine health checkups, further driving market growth.

Market Drivers and Growth Factors

The rising number of organ transplants, dialysis treatments, and complex surgical procedures is increasing demand for blood collection devices. These products are also crucial for diagnosing infectious and non-infectious diseases, as well as for treating disorders such as sickle cell anemia, heart disease, and cancer. According to the World Health Organization (WHO), 118.5 million blood donations are collected globally each year, with a significant portion coming from high-income countries. The growing demand for blood transfusions, especially in emergency situations, is expected to propel market growth.

Challenges in the Blood Collection Market

Despite strong growth, the market faces challenges such as the risk of contamination and complications from improper blood collection techniques. Inadequate sterilization of equipment can lead to infections, while improper collection methods may result in bruising, hematomas, or nerve damage, discouraging patients from necessary procedures. Additionally, high costs associated with automated blood collection technologies pose adoption barriers, particularly in developing nations.

Market Segmentation Insights

The market is segmented based on product type, technology, method, application, and end-user.

• Product Type: Blood collection tubes are expected to dominate the market due to their role in stabilizing and preserving blood samples for testing. Needles and syringes hold the second-largest market share, driven by their affordability and frequent use in hospitals and diagnostic centers.
• Technology: Automated blood collection methods are anticipated to witness rapid growth due to technological advancements that enhance clinical efficiency and sample quality. However, manual methods remain more widely adopted due to their lower cost.
• Method: Venipuncture sampling is expected to generate the highest revenue, as it is a widely used technique for blood collection from veins. Arterial sampling, while also essential, is expected to grow at a slower pace due to the need for specialized training and sterilization requirements.
• Application: The diagnostics segment is expected to grow significantly, driven by increasing cases of diabetes, HIV, and cancer, as well as advancements in diagnostic solutions.
• End-User: Diagnostic and pathology laboratories are projected to see the highest growth due to continuous research on improving blood sampling techniques and the rising number of screening tests conducted globally.

The global blood collection market is poised for robust growth due to increasing healthcare needs and advancements in diagnostic technologies. However, industry players must address challenges such as contamination risks and high costs to ensure continued market expansion. With growing investments in healthcare infrastructure and research, the demand for efficient and safe blood collection methods is expected to rise steadily in the coming years

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Competitive Terrain:

The global Blood Collection industry is highly consolidated owing to the presence of renowned companies operating across several international and local segments of the market. These players dominate the industry in terms of their strong geographical reach and a large number of production facilities. The companies are intensely competitive against one another and excel in their individual technological capabilities, as well as product development, innovation, and product pricing strategies.

Some major companies included in the blood collection market report are:

• Becton, Dickinson and Company
• TERUMO BCT, INC.
• Fresenius Kabi
• Grifols S.A
• Nipro Medical Corporation
• Greiner Bio- One International GmbH
• Sarstedt Ag & Co. KG
• Macopharma
• Haemonetics Corporation
• Smiths Medical
• Kawasumi Laboratories, Inc.
• Retractable Technologies, Inc.
• Liuyang Sanli Medical Technology Development
• L. Medical S.R.L
• AB Medical, Inc.
• Aptaca Spa
• Jiangsu Micsafe Medical Technology Co., Ltd.
• Ajosha Bio Teknik Private Ltd.
• Weavr Health

The report covers key points of the market, including the standards, regulations, and policy changes applied by the government on the industry for the coming years. The report encompasses thorough research carried out by the application of advanced analytical tools such as SWOT analysis and Porter’s Five Forces analysis to pinpoint the growth trends and patterns. Factors likely to influence the growth of the market, current trends, opportunities, restraining factors, and business landscape are discussed in-depth in the market study.

For the purpose of this report, Emergen Research has segmented the blood collection market based on product type, technology, method, application, end-user, and region:

• Product Type Outlook (Revenue, USD Million; 2019–2030)
• Blood Collection Tubes
1. Plasma/whole Blood Tubes
1. EDTA Tubes
2. Heparin Tubes
3. Coagulation Tubes
4. Glucose Tubes
5. ESR Tubes
2. Serum Tubes
• Needles & Syringes
• Blood Bags
• Blood Lancets
• Advanced Blood Collection Kits

• Technology Outlook (Revenue, USD Million; 2019–2030)
• Manual Blood Collection
• Automated Blood Collection

• Method Outlook (Revenue, USD Million; 2019–2030)
• Arterial Sampling
• Venipuncture Sampling
• Fingerstick Sampling

• Application Outlook (Revenue, USD Million; 2019–2030)
• Diagnostics
1. Infectious Diseases
2. Non-infectious Diseases
• Therapeutics

• End-User Outlook (Revenue, USD Million; 2019–2030)
• Hospital and Nursing Home
• Diagnostic & Pathology Laboratories
• Blood Banks
• Home Care
• Other End-users

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Regional Outlook:

• North America (the U.S., Canada, Mexico)
• Europe (the U.K., Germany, France, Italy)
• Asia Pacific (India, China, Japan, Korea)
• Latin America (Brazil, Argentina, Ecuador, Chile)
• Middle East & Africa (Egypt, Turkey, Saudi Arabia, Iran)

Key reasons to buy the Global Blood Collection Market report:

1. The latest report comprehensively studies the global Blood Collection market size and provides useful inference on numerous aspects of the market, such as the current business trends, market share, product offerings, and product share.
2. The report offers an insightful analysis of the regional outlook of the market.
3. It offers a detailed account of the end-use applications of the products & services offered by this industry.
4. The report holistically covers the latest developments taking place in this industry. Therefore, it lists the most effective business strategies implemented by the market rivals for ideal business expansion.

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