Global Blood Collection Market (2021-2026) by Product, Application, End-User, Method, Geography, Competitive Analysis and the Impact of Covid-19 with Ansoff Analysis

The Global Blood Collection Market is estimated to be USD 10.96 Bn in 2021 and is expected to reach USD 14.9 Bn by 2026, growing at a CAGR of 6.33%.

Market Dynamics

The increasing chronic diseases coupled with the rise in lifestyle diseases is the foremost cause driving the growth of the global blood collection market. Obesity and diabetes are also rising considerably and the bulk of the total chronic ailment's deaths are attributable to cardiovascular diseases. This situation has guaranteed more devotion to health checkups and will be advantageous for market growth as blood tests are a primary method of detecting these diseases. Likewise, an escalating amount of trauma cases and collisions worldwide is enhancing the need for more blood collection, therefore speeding up the global market's growth.

The components such as the absence of skilled doctors, medical expertise, and the high cost of automated blood collection devices hinder the overall market growth. Further, severe authority policies and intricacies of storage are the probable restraints hampering the overall growth of the global blood collection market.

Market Segmentation

The Global Blood Collection Market is segmented further based on Product, Application, End-User, Method, and Geography.

By Product, the market is classified as Blood Collection Tubes Needles & Syringes, Blood Bags, Blood Collection Systems/Monitors, and Lancets. Amongst all, the Needles & Syringes segment is estimated to hold the highest market share during the forecast period.

By Method, the market is classified as Manual Blood Collection and Automated Blood Collection. Amongst the two, the Manual Blood Collection segment is estimated to hold the highest market share during the forecast period.

By Application, the market is classified as Diagnostics and Therapeutics. Amongst the two, the Therapeutics segment is estimated to hold the highest market share during the forecast period.

By End User, the market is classified As Hospitals, Ambulatory Surgical Centers, Nursing Homes, Diagnostic & Pathology Laboratories, Blood Banks, and Others. Amongst all, the Blood Banks segment is estimated to hold the highest market share during the forecast period.

By Geography, North America is projected to lead the market.

Recent Developments

1. Becton Dickinson and Co. acquired Velano Vascular to help its vision of a "One-Stick Hospital Stay," come to fruition. - 21st July 2021
2. Becton, Dickinson, And Company Announces CE Mark and US Market Launch New UltraTouch™ Push Button Blood Collection Set. - 16th June 2020.

Company Profiles

Some of the companies covered in this report are Becton, Dickinson, and Company, CML Biotech, Cardinal Health, F.L. Medical, Fresenius Kabi, etc.

Competitive Quadrant

The report includes Competitive Quadrant, a proprietary tool to analyze and evaluate the position of companies based on their Industry Position score and Market Performance score. The tool uses various factors for categorizing the players into four categories. Some of these factors considered for analysis are financial performance over the last 3 years, growth strategies, innovation score, new product launches, investments, growth in market share, etc.

Why buy this report?

• The report offers a comprehensive evaluation of the Global Blood Collection Market. The report includes in-depth qualitative analysis, verifiable data from authentic sources, and projections about market size. The projections are calculated using proven research methodologies.
• The report has been compiled through extensive primary and secondary research. The primary research is done through interviews, surveys, and observation of renowned personnel in the industry.
• The report includes an in-depth market analysis using Porter's 5 forces model and the Ansoff Matrix. In addition, the impact of Covid-19 on the market is also featured in the report.
• The report also includes the regulatory scenario in the industry, which will help you make a well-informed decision. The report discusses major regulatory bodies and major rules and regulations imposed on this sector across various geographies.
• The report also contains the competitive analysis using Positioning Quadrants, the analyst's Proprietary competitive positioning tool.

Report Highlights:

• A complete analysis of the market, including parent industry
• Important market dynamics and trends
• Market segmentation
• Historical, current, and projected size of the market based on value and volume
• Market shares and strategies of key players
• Recommendations to companies for strengthening their foothold in the market