Blood Collection Monitor Market by Product (Blood Bags, Tubes), Method (Automated, Manual), Application, End User - Global Forecast 2024-2030

Blood Collection Monitor Market by Product (Blood Bags, Tubes), Method (Automated, Manual), Application, End User - Global Forecast 2024-2030

The Blood Collection Monitor Market size was estimated at USD 133.14 million in 2023 and expected to reach USD 141.33 million in 2024, at a CAGR 6.46% to reach USD 206.37 million by 2030.

A blood collection monitor is a medical device used primarily in blood banks and hospitals to ensure the secure and efficient collection of blood from donors. It regulates the flow of blood, measures the volume of blood collected, and ensures the blood is mixed correctly with anticoagulants to prevent clotting. These monitors are essential for maintaining the quality and safety of the blood collected for transfusions. The rising need for blood transfusions due to surgeries, trauma cases, and chronic diseases drives the adoption of effective and safe blood collection monitors. Increased public and government initiatives to raise awareness about the importance of blood donation contribute to the expansion of blood donation camps and, consequently, the use of blood collection monitors. However, insufficient availability of trained healthcare professionals to operate advanced blood collection monitors can limit market growth. However, technical and performance issues such as malfunctioning sensors or calibration errors can lead to incorrect blood volume collection. The integration of IoT and data analytics can greatly improve the functionality, accuracy, and performance of blood collection monitors by enabling real-time monitoring, data collection, and analysis. Creating lightweight, portable blood collection monitors can enhance mobility and facilitate blood collection in remote areas, potentially increasing blood donation rates.

Regional Insights

In the Americas region, particularly in the U.S. and Canada, a robust healthcare infrastructure, stringent healthcare regulations, and a high focus on safe blood collection practices drive the need for advanced blood collection monitors. The region has seen significant investments in blood donation campaigns and research in blood handling technologies, which further supports market growth. Initiatives by healthcare regulatory bodies and various non-profit organizations emphasize the importance of efficient blood management solutions, contributing to the uptake of technologically advanced blood collection systems. Customer purchasing behavior in both countries reflects a preference for high-quality, reliable devices that ensure donor safety and sample integrity. The European market is guided by strict EU regulations on blood safety and handling. Recent research initiatives and funding in countries such as Germany, France, and the U.K. focus on minimizing contamination and improving the efficiency of blood collection processes. High awareness regarding the transmission of infectious diseases through blood transfusion has impacted consumer needs, favoring automated and sterile collection systems. APAC region represents a rapidly growing market for blood collection monitors. China and India, with large populations and increasing healthcare expenditures, are witnessing a rise in blood collection units. Japan, known for its technological advancements, invests significantly in healthcare innovations, translating into a crucial need for sophisticated blood collection devices. Consumer behaviors in the Asia Pacific region are greatly influenced by government health policies and the availability of healthcare services.

Market Insights

Market Dynamics

The market dynamics represent an ever-changing landscape of the Blood Collection Monitor Market by providing actionable insights into factors, including supply and demand levels. Accounting for these factors helps design strategies, make investments, and formulate developments to capitalize on future opportunities. In addition, these factors assist in avoiding potential pitfalls related to political, geographical, technical, social, and economic conditions, highlighting consumer behaviors and influencing manufacturing costs and purchasing decisions.

Market Drivers

• Growing need for blood transfusions due to surgeries, trauma cases, and chronic diseases
• Increased public and government initiatives to raise awareness about the importance of blood donation
• Expansion of healthcare facilities, especially in emerging economies

Market Restraints

• high cost of advanced blood collection monitors and insufficient availability of trained healthcare professionals

Market Opportunities

• Integration of IoT and data analytics to improve the functionality of blood collection monitors by enabling real-time monitoring, data collection, and analysis
• Creating lightweight, portable blood collection monitors can enhance mobility and facilitate blood collection in remote areas

Market Challenges

• Regulatory Compliance and data security of patient and donor

Market Segmentation Analysis

• Product: Emerging usage of blood bags for transfusion purposes and managing larger volumes of blood
• End User: Crucial role of blood banks in collecting, storing, and managing blood and blood components

Market Disruption Analysis

• Porter’s Five Forces Analysis
• Value Chain & Critical Path Analysis
• Pricing Analysis
• Technology Analysis
• Patent Analysis
• Trade Analysis
• Regulatory Framework Analysis

FPNV Positioning Matrix

The FPNV positioning matrix is essential in evaluating the market positioning of the vendors in the Blood Collection Monitor Market. This matrix offers a comprehensive assessment of vendors, examining critical metrics related to business strategy and product satisfaction. This in-depth assessment empowers users to make well-informed decisions aligned with their requirements. Based on the evaluation, the vendors are then categorized into four distinct quadrants representing varying levels of success, namely Forefront (F), Pathfinder (P), Niche (N), or Vital (V).

Market Share Analysis

The market share analysis is a comprehensive tool that provides an insightful and in-depth assessment of the current state of vendors in the Blood Collection Monitor Market. By meticulously comparing and analyzing vendor contributions, companies are offered a greater understanding of their performance and the challenges they face when competing for market share. These contributions include overall revenue, customer base, and other vital metrics. Additionally, this analysis provides valuable insights into the competitive nature of the sector, including factors such as accumulation, fragmentation dominance, and amalgamation traits observed over the base year period studied. With these illustrative details, vendors can make more informed decisions and devise effective strategies to gain a competitive edge in the market.

Recent Developments

FDA Clears RedDrop Dx’s Innovative Blood Collection Device

The FDA has issued a 510(k) clearance to the RedDrop One, a device developed by RedDrop Dx. This significant approval denotes an advancement in blood collection technology, as the RedDrop One is designed to be pain-free, cost-effective, and user-friendly, facilitating whole blood and plasma collection and dispensing. This clearance, achieved after a comprehensive 90-day FDA review, marks a critical development in enhancing patient care and efficiency in medical practices.

BD Secures FDA 510(k) Clearances for Innovative Blood Collection Device

BD, a global player in medical technology, has announced that their new blood collection device, the BD MiniDraw Collection System, has received 510(k) clearances from the U.S. FDA. The device enables low-volume blood sampling through a fingerstick, which can yield lab-quality results for essential tests such as lipid panels, selected chemistry tests, and hemoglobin and hematocrit assessments. These tests are crucial for diagnosing and monitoring chronic conditions such as hypertension and high cholesterol.

Introduction of Artyc's Medstow Mini: Innovating Blood Sample Transportation

Artyc PBC, a cold chain company, has introduced the Medstow Mini, an innovative, battery-operated cooling container geared toward the safe transport of medical samples. This device, essential for maintaining the integrity of blood samples, blood vials, and cells in varying climates, is reusable and features active temperature control. Notably, the Medstow Mini provides crucial, real-time data on location and internal temperatures accessible through a simplified, user-friendly application, ensuring seamless integration into home and clinical settings.

Strategy Analysis & Recommendation

The strategic analysis is essential for organizations seeking a solid foothold in the global marketplace. Companies are better positioned to make informed decisions that align with their long-term aspirations by thoroughly evaluating their current standing in the Blood Collection Monitor Market. This critical assessment involves a thorough analysis of the organization’s resources, capabilities, and overall performance to identify its core strengths and areas for improvement.

Key Company Profiles

The report delves into recent significant developments in the Blood Collection Monitor Market, highlighting leading vendors and their innovative profiles. These include Arjo Solutions, Barkey GmbH & Co. KG, Becton, Dickinson and Company (BD), Boeckel + Co (GmbH + Co.) KG, Cardinal Health, Delcon SRL, Fresenius Kabi AG, Greiner Group AG (Greiner Bio One International GmbH), Haemonetics Corporation, Innova Medical Solutions Inc, KW Apparecchi Scientifici, Labcold Ltd, LABiTec Srl, Lmb Technologie GmbH, Medline Industries, Inc., Nigale Biomedical Inc. (NBM), RMS Medical Products, Sarstedt AG & Co., Shandong Yaohua Medical Instrument Corporation, and Terumo Corporation.

Market Segmentation & Coverage

This research report categorizes the Blood Collection Monitor Market to forecast the revenues and analyze trends in each of the following sub-markets:

• Product
• Blood Bags
• Tubes
• Plasma
• EDTA
• Heparin
• Serum
• Method
• Automated
• Manual
• Application
• Diagnostic
• Therapeutic
• End User
• Blood Banks
• Hospitals

Region

• Americas
• Argentina
• Brazil
• Canada
• Mexico
• United States
• California
• Florida
• Illinois
• New York
• Ohio
• Pennsylvania
• Texas
• Asia-Pacific
• Australia
• China
• India
• Indonesia
• Japan
• Malaysia
• Philippines
• Singapore
• South Korea
• Taiwan
• Thailand
• Vietnam
• Europe, Middle East & Africa
• Denmark
• Egypt
• Finland
• France
• Germany
• Israel
• Italy
• Netherlands
• Nigeria
• Norway
• Poland
• Qatar
• Russia
• Saudi Arabia
• South Africa
• Spain
• Sweden
• Switzerland
• Turkey
• United Arab Emirates
• United Kingdom

Please Note: PDF & Excel + Online Access - 1 Year