Blood Collection Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2023-2028

Blood Collection Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2023-2028

The global blood collection market size reached US$ 6.6 Billion in 2022. Looking forward, IMARC Group expects the market to reach US$ 9.0 Billion by 2028, exhibiting a growth rate (CAGR) of 5.31% during 2022-2028.

Blood collection involves the voluntary removal of blood from the body for laboratory analysis. It is usually collected within a hospital environment to identify metabolic, respiratory, and mixed-acid disorders. Some of the popular methods of blood collection are arterial, venipuncture and fingerstick sampling. Blood collection plays a crucial role in understanding, preventing and treating disease across hospitals and blood bank centers. The blood is extracted through automated equipment or manually and then separated into various components using the apheresis process. The blood samples can also be taken from the arm, ear, hand, and other parts of the body, depending on the requirement.

Blood Collection Market Trends:
The global blood collection market is primarily driven by the increasing number of surgical procedures performed in hospitals. Blood collection products are used in the treatment of patients undergoing chemotherapy, dialysis, organ and tissue transplantation, and complex surgeries. The growing cases of chronic and lifestyle diseases on account of sedentary lifestyles have also necessitated greater adherence to regular health checkups. This has escalated the need for blood collection as the primary mode of diagnosing diseases. Besides this, governments of several countries are taking initiatives to increase the number of blood donations and create awareness about its importance amidst the outbreak of coronavirus disease (COVID-19). Such programs are driving the blood collection market globally during the pandemic. Furthermore, technological advancements in the field of blood collection are facilitating the market growth. For instance, market players have introduced a push-button blood collection device, which can be used for testing HbA1c levels in diabetic and prediabetic patients. Other factors, including the rising cases of accidents and the adoption of preventive care and diagnostics among individuals, are further expected to drive the market growth.

Key Market Segmentation:
IMARC Group provides an analysis of the key trends in each sub-segment of the global blood collection market report, along with forecasts at the global, regional and country level from 2023-2028. Our report has categorized the market based on product, application and end use.

Breakup by Product:

Needles and Syringes
Blood Collection Tubes
Serum-separating
EDTA
Heparin
Plasma-separating
Blood Bags
Others

Breakup by Application:

Diagnostics
Treatment

Breakup by End Use:

Hospitals
Diagnostics Centers
Blood Banks
Others

Breakup by Region:

North America
United States
Canada
Asia-Pacific
China
Japan
India
South Korea
Australia
Indonesia
Others
Europe
Germany
France
United Kingdom
Italy
Spain
Russia
Others
Latin America
Brazil
Mexico
Others
Middle East and Africa

Competitive Landscape:
The competitive landscape of the industry has also been examined along with the profiles of the key players being Abbott Laboratories, Becton Dickinson and Company, FL MEDICAL s.r.l., Greiner AG, Haemonetics Corporation, McKesson Corporation, Medtronic plc, Nipro Corporation, Qiagen N.V., Quest Diagnostics, Sarstedt AG & Co. KG and Terumo Corporation.

Key Questions Answered in This Report
1. What was the size of the global blood collection market in 2022?
2. What is the expected growth rate of the global blood collection market during 2023-2028?
3. What has been the impact of COVID-19 on the global blood collection market?
4. What are the key factors driving the global blood collection market?
5. What is the breakup of the global blood collection market based on the product?
6. What is the breakup of the global blood collection market based on the application?
7. What is the breakup of the global blood collection market based on the end use?
8. What are the key regions in the global blood collection market?
9. Who are the key players/companies in the global blood collection market?