Blood Collection Market: Global Industry Analysis, Trends, Market Size, and Forecasts up to 2030

The report on the global blood collection market provides qualitative and quantitative analysis for the period from 2021-2030. The revenue generated by the market was USD USD 11.77 Billion in 2022 and is expected to reach USD USD 19.22 Billion in 2030, with a CAGR of 6.42% till 2030 during the projected period. The study on blood collection market covers the analysis of the leading geographies such as North America, Europe, Asia Pacific, and RoW for the period of 2021-2030.

Blood collection is a widely implemented procedure that serves as an indispensable method in the diagnosis and monitoring of diverse medical conditions. It confers patients the benefit of evading protracted and uncomfortable examinations, rendering it an invaluable asset in the realm of healthcare. Moreover, the blood collection market is experiencing significant growth due to the rising prevalence of blood-related disorders. These disorders encompass a diverse range of conditions that impact various components of blood, such as red blood cells, white blood cells, platelets, and clotting proteins. Moreover, the escalating incidence of chronic diseases is expected to provide further impetus to the expansion of the blood collection market.

Needles and syringes play a vital role as indispensable tools in the blood collection market for obtaining blood samples. Needles are sharp, hollow instruments designed to puncture the skin and gain access to veins or arteries to extract blood. They are available in different sizes and gauges, tailored to the specific purpose and sampling method utilized. The increasing incidence of blood-related disorders, such as hematological diseases, blood cancers, and blood clotting disorders, fuels the demand for blood collection procedures. Consequently, needles and syringes are essential components for acquiring blood samples, enabling diagnosis and monitoring of these conditions. Moreover, the continuous advancements in healthcare infrastructure, particularly in developing regions, lead to improved access to medical services.

In the Asia-Pacific blood collection market, significant growth is expected in the forthcoming years, propelled by several key factors. One prominent driver is the increasing prevalence of blood transfusion procedures in major orthopedic and cardiovascular treatments, fueling the demand for vacuum blood collection tubes in the region. To mitigate the risks of infections and contamination, there is a growing preference for contactless blood collection methods among individuals in the Asia-Pacific region. Furthermore, In the Asia-Pacific blood collection market, significant growth is expected in the forthcoming years, propelled by several key factors. One prominent driver is the increasing prevalence of blood transfusion procedures in major orthopedic and cardiovascular treatments, fueling the demand for vacuum blood collection tubes in the region. To mitigate the risks of infections and contamination, there is a growing preference for contactless blood collection methods among individuals in the Asia-Pacific region.

Report Findings

1) Drivers

• The growth of the blood collection market is being driven by the increasing incidence of blood-related disorders.
• The increasing prevalence of chronic diseases is anticipated to support the growth of the blood collection market.

2) Restraints

• The lack of skilled professionals hampers the growth of the market.

3) Opportunities

• A growing number of trauma cases and road accidents may create a significant growth opportunity for the market.

Research Methodology

A) Primary Research

The primary research involves extensive interviews and analysis of the opinions provided by the primary respondents. The primary research starts with identifying and approaching the primary respondents, the primary respondents are approached include
1. Key Opinion Leaders
2. Internal and External subject matter experts
3. Professionals and participants from the industry

The primary research respondents typically include

1. Executives working with leading companies in the market under review
2. Product/brand/marketing managers
3. CXO level executives
4. Regional/zonal/country managers
5. Vice President level executives.

B) Secondary Research

Secondary research involves extensive exploring through the secondary sources of information available in both the public domain and paid sources. Each research study is based on over 500 hours of secondary research accompanied by primary research. The information obtained through the secondary sources is validated through the crosscheck on various data sources.

The secondary sources of the data typically include

1. Company reports and publications
2. Government/institutional publications
3. Trade and associations journals
4. Databases such as WTO, OECD, World Bank, and among others.
5. Websites and publications by research agencies

Segment Covered

The global blood collection market is segmented on the basis of product, application, and end user.

The Global Blood Collection Market by Product

• Blood Collection Needles and Syringes
• Blood Collection Tubes

o Plasma/Whole Blood Tubes

o Serum Tubes

• Blood Lancets
• Blood Bags
• Other Products

The Global Blood Collection Market by Application

• Diagnostics
• Therapeutic

The Global Blood Collection Market by End User

• Hospitals and Diagnostics Centres
• Blood Banks
• Other End Users

Company Profiles

The companies covered in the report include

• Terumo Medical Corporation
• Greiner Bio-One International GmbH
• FL MEDICAL s.r.l.
• Improve Medical
• Medline Industries, Inc.
• Advin Health Care
• ICU Medical
• BD
• Nipro Medical Corporation
• SARSTEDT AG & Co. KG

What does this Report Deliver?

1. Comprehensive analysis of the global as well as regional markets of the blood collection market.
2. Complete coverage of all the segments in the blood collection market to analyze the trends, developments in the global market and forecast of market size up to 2030.
3. Comprehensive analysis of the companies operating in the global blood collection market. The company profile includes analysis of product portfolio, revenue, SWOT analysis and latest developments of the company.
4. Growth Matrix presents an analysis of the product segments and geographies that market players should focus to invest, consolidate, expand and/or diversify.

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