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Blood Collection Market (Product - Blood Collection Needles and Syringes, Blood Collection Tubes, Blood Lancets, Blood Bags, and Other Products; Application - Diagnostics, and Therapeutic; End User - Hospitals and Diagnostics Centres, Blood Banks, and Other End Users): Global Industry Analysis, Trends, Size, Share and Forecasts to 2030

Blood Collection Market (Product - Blood Collection Needles and Syringes, Blood Collection Tubes, Blood Lancets, Blood Bags, and Other Products; Application - Diagnostics, and Therapeutic; End User - Hospitals and Diagnostics Centres, Blood Banks, and Other End Users): Global Industry Analysis, Trends, Size, Share and Forecasts to 2030

Report Code: IGR01036 Category: Healthcare & Medical Devices Published: August, 2023

A recent report published by Infinium Global Research on blood collection market provides in-depth analysis of segments and sub-segments in the global as well as regional blood collection market. The study also highlights the impact of drivers, restraints, and macro indicators on the global and regional blood collection market over the short term as well as long term. The report is a comprehensive presentation of trends, forecast and dollar values of global blood collection market.

Market Insight:

The global blood collection market was valued at USD 11.77 billion in 2022 and is expected to reach USD 19.22 billion in 2030, with a CAGR of 6.42% during the forecast period 2023-2030.

The global blood collection market was valued at about USD 11.77 billion in 2022 and is expected to reach nearly USD 19.22 billion in 2030, with a CAGR of 6.42% during the forecast period 2023-2030. Blood collection is an extensively utilized procedure that plays a crucial role in the diagnosis and monitoring of various diseases. It offers patients the advantage of avoiding lengthy and uncomfortable examinations, making it an invaluable tool in healthcare. The three commonly employed techniques for blood collection are Arterial Sampling, Venipuncture Sampling, and Fingerstick Sampling. These methods provide valuable insights into the body's functioning, contributing significantly to the prevention, understanding, and treatment of diseases in hospitals and blood bank centers. The process of collecting blood involves extracting it from individuals, which can be achieved either manually or by utilizing automated equipment. To facilitate this procedure, specialized tools and devices, collectively known as blood collection equipment, are used. These instruments are specifically designed to ensure the safe and efficient collection of blood samples. Some examples of such equipment include needles, syringes, and tubes.

The growth of the blood collection market is being driven by the increasing incidence of blood-related disorders. These disorders encompass a variety of conditions that affect different components of blood, including red blood cells, white blood cells, platelets, and blood proteins involved in clotting. In addition, the increasing prevalence of chronic diseases is anticipated to support the growth of the blood collection market. As a result, there is a continuous demand for blood collection to diagnose and treat patients, which is accelerating the growth of the blood collection market during the forecasted period. However, the lack of skilled professionals hampers the growth of the market. Although, a growing number of trauma cases, and road accidents may create a significant growth opportunity for the market.

Blood Collection Market Size, Share, Trends, Industry | IGR

The blood collection market is segmented into North America, Europe, Asia Pacific, and the rest of the world. Asia Pacific is valued at about USD 4.40 billion in 2022 and is expected to reach nearly USD 7.49 billion in 2030, with a project to experience growth at a CAGR of 6.98% during the projected period of 2023-2030. The Asia-Pacific region comprises a mix of developed and developing countries, including notable economies like China and India. This region is witnessing steady economic growth, accompanied by a gradual rise in disposable income among its population. As a result, numerous multinational corporations are making substantial investments in this thriving market. North America is showing promising growth potential for the blood collection market, due to the rising prevalence of diseases such as HIV, and hepatitis B. According to the U.S. Department of Health & Human Services supported approximately 1.2 million individuals in the United States are living with HIV, and around 13% of them are unaware of their status and require testing.

Report Scope of the Blood Collection Market:

Report Coverage Details
Market Size in 2022 USD 11.77 Billion
Market Size by 2030 USD 19.22 Billion
Growth Rate from 2023 to 2030 CAGR of 6.42%
Largest Market Asia Pacific
No. of Pages 255
Market 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.

Market Segmentation By Product, By Application, and By End User
Regional Scope North America, Europe, Asia Pacific, and RoW

Segment Covered

The report on global blood collection market covers segments such as product, application, and end user. On the basis of product, the sub-markets include blood collection needles and syringes, blood collection tubes, blood lancets, blood bags, and other products. On the basis of application, the sub-markets include diagnostics, and therapeutic. On the basis of end user, the sub-markets include hospitals and diagnostics centres, blood banks, and other end users.

Companies Profiled:

The report provides profiles of the companies in the market such as 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, and SARSTEDT AG & Co. KG.

Report Highlights:

The report provides deep insights into demand forecasts, market trends, and micro and macro indicators. In addition, this report provides insights into the factors that are driving and restraining the growth in this market. Moreover, The IGR-Growth Matrix analysis given in the report brings an insight into the investment areas that existing or new market players can consider. The report provides insights into the market using analytical tools such as Porter's five forces analysis and DRO analysis of the blood collection market. Moreover, the study highlights current market trends and provides forecasts from 2023-2030. We also have highlighted future trends in the market that will affect the demand during the forecast period. Moreover, the competitive analysis given in each regional market brings an insight into the market share of the leading players.


Frequently Asked Questions (FAQ's)

The global blood collection market was valued at USD 11.77 Billion in 2022.
It is likely to grow at a CAGR of 6.42% during the forecast period 2023-2030.
The global blood collection market is estimated to reach USD 19.22 Billion by the end of 2030.
Asia Pacific is anticipated to exhibit high demand for blood collection market during the forecast period.
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, and SARSTEDT AG & Co. KG.
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