Blood Collection

Global Blood Collection Market to Reach US$16.8 Billion by 2030

The global market for Blood Collection estimated at US$12.3 Billion in the year 2024, is expected to reach US$16.8 Billion by 2030, growing at a CAGR of 5.4% over the analysis period 2024-2030. Blood Collection Tubes, one of the segments analyzed in the report, is expected to record a 6.0% CAGR and reach US$6.0 Billion by the end of the analysis period. Growth in the Needles & Syringes segment is estimated at 4.5% CAGR over the analysis period.

The U.S. Market is Estimated at US$3.3 Billion While China is Forecast to Grow at 9.0% CAGR

The Blood Collection market in the U.S. is estimated at US$3.3 Billion in the year 2024. China, the world`s second largest economy, is forecast to reach a projected market size of US$3.7 Billion by the year 2030 trailing a CAGR of 9.0% over the analysis period 2024-2030. Among the other noteworthy geographic markets are Japan and Canada, each forecast to grow at a CAGR of 2.7% and 4.4% respectively over the analysis period. Within Europe, Germany is forecast to grow at approximately 3.5% CAGR.

Global Blood Collection Market - Key Trends & Drivers Summarized

What Is Fueling the Growth of the Blood Collection Market?

The global blood collection market is experiencing significant growth due to the rising prevalence of chronic diseases, increasing surgical procedures, and growing awareness about blood donation. The demand for blood components and blood-related products is particularly high in hospitals, diagnostic centers, and research institutions, where accurate blood collection is critical for diagnosis, treatment, and research purposes. The COVID-19 pandemic has also underscored the importance of efficient blood collection systems to manage blood supply and ensure patient care during emergencies.

How Are Technological Advancements Transforming Blood Collection Methods?

Technological advancements are transforming blood collection methods by improving safety, efficiency, and patient comfort. The introduction of innovative blood collection devices, such as vacuum-assisted collection tubes, needleless systems, and advanced lancets, is minimizing the risk of contamination and needle-stick injuries. Automated blood collection systems and smart data management solutions are being adopted by healthcare facilities to streamline the blood collection process, enhance traceability, and ensure compliance with regulatory standards. The integration of digital platforms is also enabling real-time monitoring of blood inventory and distribution.

How Are Market Dynamics and Demographics Influencing Blood Collection Practices?

Market dynamics and changing demographics are influencing blood collection practices, with an increasing focus on improving donor experience and optimizing blood supply chains. As aging populations and the prevalence of chronic diseases like cancer and diabetes rise, the demand for blood transfusions and related products is expected to grow. Additionally, emerging economies are investing in healthcare infrastructure and launching awareness campaigns to encourage voluntary blood donation, thus driving market expansion. There is also a growing trend toward blood component therapy, which requires precise blood collection and processing techniques.

What Factors Are Driving the Growth in the Blood Collection Market?

The growth in the blood collection market is driven by several factors, including the increasing prevalence of chronic diseases, advancements in blood collection technologies, and rising demand for blood components. The emphasis on safe and efficient blood collection practices, coupled with the need for robust blood supply management systems, is fueling market expansion. Technological innovations, such as automated blood collection devices and digital inventory management solutions, are enhancing the efficiency of blood collection processes. Furthermore, government initiatives and awareness campaigns promoting blood donation are supporting market growth globally.

SCOPE OF STUDY:

The report analyzes the Blood Collection market in terms of units by the following Segments, and Geographic Regions/Countries:

Segments:
Product Type (Blood Collection Tubes, Needles & Syringes, Blood Bags, Blood Collection Systems / Monitors, Lancets); Method (Manual, Automated); End-Use (Hospitals, Nursing Homes, & Ambulatory Surgery Centers, Diagnostic & Pathology Laboratories, Blood Banks, Other End-Uses)

Geographic Regions/Countries:
World; United States; Canada; Japan; China; Europe (France; Germany; Italy; United Kingdom; Spain; Russia; and Rest of Europe); Asia-Pacific (Australia; India; South Korea; and Rest of Asia-Pacific); Latin America (Argentina; Brazil; Mexico; and Rest of Latin America); Middle East (Iran; Israel; Saudi Arabia; United Arab Emirates; and Rest of Middle East); and Africa.

Select Competitors (Total 18 Featured) -

• Becton, Dickinson and Company
• FL Medical s.r.l.
• Greiner Bio-One International GmbH
• Haemonetics Corporation
• Medtronic PLC
• Nipro Corporation
• Qiagen NV
• Sarstedt AG & Co.
• Terumo Corporation

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