Blood Collection Market By Product (Needles and Syringes, Blood Collection Tubes, Blood Lancets, Blood Bags, Others), By Application (Diagnostics, Treatment), By End User (Hospitals and Diagnostic Centers, Blood Banks, Others): Global Opportunity Analysis and Industry Forecast, 2021-2031
The global blood collection market was valued at $4,775.55 million in 2021, and is projected to reach $7,859.77 million by 2031, registering a CAGR of 5.2% from 2022 to 2031.
Blood is collected as whole blood (WB) by blood donation processes, and later it can be separated into various components by a process called as apheresis. The amount of blood drawn varies and should not be more than 1% of the body weight of the donor. The collection can be done with help of an automated equipment that collects only specific components of blood or also it can be collected manually.
The growth of the blood collection market is driven by increase in incidence of trauma & accidents, increase in number of surgical procedures performed, surge in prevalence of chronic diseases such as blood cancer, and rise in government expenditure on healthcare. Moreover, prevalence of infectious diseases & non-communicable diseases and increase in the number of approvals for technologically advanced products help in the growth of the market. However, the risks related to blood transfusion procedure is expected to hinder the growth of this market. Conversely, the high growth potential in untapped emerging economies is expected to create lucrative opportunities for the market.
The blood collection market is segmented on the basis of product, application, end user, and region. On the basis of product, the market is fragmented into needles & syringes, blood collection tubes, blood lancets, blood bags, and others. On the basis of application, the market is classified into diagnostics and treatment. On the basis of end user, the market is categorized into hospitals & diagnostic centers, blood banks, and others. Region wise, the market is analyzed across North America (the U.S., Canada, and Mexico), Europe (Germany, France, UK, Italy, Spain, and Rest of Europe), Asia-Pacific (Japan, China, Australia, India, South Korea, and rest of Asia-Pacific), and LAMEA (Brazil, South Africa, Saudi Arabia, and rest of LAMEA).
The key market players operating in this market include, Abbott Laboratories, Becton, Dickinson and Company, FL Medical S.R.L, Greiner Holding AG, Medtronic plc, Narang Medical Limited, Nipro Corporation, Qiagen N.V., Sarstedt AG & Co. KG, Terumo Medical Corporation.
Key Benefits For Stakeholders
This report provides a quantitative analysis of the market segments, current trends, estimations, and dynamics of the blood collection market analysis from 2021 to 2031 to identify the prevailing blood collection market opportunities.
The market research is offered along with information related to key drivers, restraints, and opportunities.
Porter's five forces analysis highlights the potency of buyers and suppliers to enable stakeholders make profit-oriented business decisions and strengthen their supplier-buyer network.
In-depth analysis of the blood collection market segmentation assists to determine the prevailing market opportunities.
Major countries in each region are mapped according to their revenue contribution to the global market.
Market player positioning facilitates benchmarking and provides a clear understanding of the present position of the market players.
The report includes the analysis of the regional as well as global blood collection market trends, key players, market segments, application areas, and market growth strategies.
Key Market Segments
By Product
Needles and Syringes
Blood Collection Tubes
Blood Lancets
Blood Bags
Others
By Application
Diagnostics
Treatment
By End User
Hospitals and Diagnostic Centers
Blood Banks
Others
By Region
North America
U.S.
Canada
Mexico
Europe
Germany
France
UK
Italy
Spain
Rest of Europe
Asia-Pacific
Japan
China
Australia
India
South Korea
Rest of Asia-Pacific
LAMEA
Brazil
Saudi Arabia
South Africa
Rest of LAMEA
Key Market Players
Abbott Laboratories Inc.
Medtronic, Inc.
Becton Dickinson and Company
Terumo Corporation
Nipro Medical Corporation
Qiagen NV
F.L. Medical SRL
greiner holding ag
Haemonetics Corporation
Sarstedt AG
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