Closed Blood Sampling System Market Growth by Top Key Players Edwards Lifesciences Crop, ICU Medical, Inc., Smiths Medical, CardioMed Supplies Inc., Argon Medical Devices, Inc., Utah Medical Products, Inc., fannin Ltd., Velano Vascular, Inc.

Closed blood sampling system is a closed, needle free blood sampling system that reduces blood waste and minimizes the risk of transmission of infectious diseases. Closed blood sampling system aims to increase the efficiency of the blood sampling process, especially in the cases of critically ill patients suffering from severe injuries or trauma. The closed blood sampling system has a reservoir, which allows blood storage and minimize repeated blood isolation from the site of sampling such as antecubital area, hand or wrist or foot. The unused blood in the reservoir can be re-infused into the same patient. The global closed blood sampling market is driven by factors such as rising incidence of surgeries and trauma as well as advantages of closed blood sampling system over the conventional techniques.

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Closed Blood Sampling System Market - Drivers

Increasing number of surgical procedures is a major factor driving growth of global closed blood sampling system market. According to the estimation of the World Health Organization, 266.2 to 359.5 million surgeries were performed in 2012, which was around 38% higher as compared to the previous years and is expected to increase in the near future. Therefore, increasing number of surgeries and emergency cases, and high demand for blood transfusion increases the demand for closed blood sampling system. Moreover, studies by the National Center for Biotechnology Information (NCBI) reported that the patients admitted in ICU are majorly anemic and around 30 - 37% of the patients receive blood transfusion while admitted in ICU, which also shows the rising need for closed blood sampling system.

Increasing cases of trauma and certain disease conditions such as cancer, HIV/AIDS, diabetes, coronary heart disease, rare diseases, and anemia are factors driving growth of closed blood sampling system market. According to the Centers for Disease Control and Prevention (CDC) 2016 data findings, 26,203 cases of Lyme disease were reported in the U.S. between 2006 and 2016. According to CDC, in 2015, around 10,265 deaths were reported due to alcohol-impaired driving crashes, which accounted for around 29% of all the traffic-related deaths in the U.S.

Closed blood sampling systems are also used in pediatric patients, owing to easy implementation, low cost, and significant reduction in blood loss. The patients in the intensive care units (ICU) receive blood transfusion to treat low hemoglobin levels in patients with critical illness. However, improper blood transfusion methods are mostly associated with increased risk of morbidity and mortality. Various government regulatory organizations have proposed guidelines to decrease the use of blood transfusions. For instance, the Canadian Medical Association (CMA) released guidelines in 2008 in their Canadian Medical Association Journal (CMAL), which was published in January 2008, to minimize the use of blood transfusion in critically ill patients and closed blood sampling systems would be a method for complying with these regulations.

Closed Blood Sampling System Market - Regional Analysis

On the basis of region, closed blood sampling systems market is segmented into North America, Latin America, Europe, Middle East, Asia Pacific, and Africa. North America holds dominant position in closed blood sampling system market, followed by Asia Pacific. Increasing demand for blood transfusions, owing to the increasing number of surgery or injury cases is driving growth of closed blood sampling system market in North America. For instance, according to the American National Red Cross, a humanitarian organization, around 21 million blood components are transfused every year in the U.S.

Closed Blood Sampling System Market - Competitive Landscape

Some of the key players operating in the closed blood sampling system market include Edwards Lifesciences Crop, ICU Medical, Inc., Smiths Medical, CardioMed Supplies Inc., Argon Medical Devices, Inc., Utah Medical Products, Inc., fannin Ltd., Velano Vascular, Inc., Ashcon International Inc., and Merit Medical Systems, Inc. Key players in the market are focusing on organic growth strategies, in order to enhance its market share and retain its competence in the market. For instance, in January 2016, Velano Vascular, Inc., a medical device company that manufactures needle-free, vascular device for blood collection received the U.S. FDA approval for its updated version of needle-free blood draw device. The new Velano device is designed to reduce blood draw related anxiety and discomfort in patients and also provides a safer work environment for healthcare professionals.

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