Blood Collection Market worth USD 6.4 billion by 2025 - Leading Companies Becton, Dickinson and Company (US), ,Haematonics (US), Terumo BCT (Japan), Fresenius Kabi AG (Germany), Grifols (Spain) and Macopharma (France)

According to the new market research report "Blood Collection Market by Product (Tubes (Plasma (EDTA, Heparin, Glucose), Serum), Blood Bags, Monitors, Needles), Method (Manual, Automated), Application (Diagnostic, Therapeutic), End User (Hospitals & ASCs, Blood Banks, Labs) - Global Forecast to 2025", published by MarketsandMarkets™, analyzes and studies the major market drivers, restraints/challenges, and opportunities in North America (US and Canada), Europe (Germany, France, UK, Italy, Spain, and the RoE), Asia Pacific (Japan, China, India, and RoAPAC), Latin America, and the Middle East & Africa.

The Blood Collection Market is projected to reach USD 6.4 billion by 2025 from USD 4.8 billion in 2020, at a CAGR of 6.0% between 2020 and 2025.

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COVID-19 impact on the Global Blood Collection Devices market

The COVID-19 outbreak is an unprecedented global public health challenge and is expected to have a significant impact on the blood collection devices market.

Both hospital and independent laboratories are generally reviewing each test to decide whether to recommend consultations with laboratory hematologists for tests with a higher risk profile or not offer tests that could not be performed safely. This affected the market negatively in the first few months of the pandemic, reducing the use of blood collection devices. However, increasing caution and the rising testing volumes, along with the need for regular health and body checkups will ensure market growth in a later phase.

Results now take an average of four to six days for the general population, much longer than the two to three days required before. This is because tests for hospital patients and symptomatic healthcare workers are prioritized and take one day on average, which has resulted in a delayed cycle. While it has affected market growth to some extent, the situation is expected to change for the better.

The growth of the global blood collection devices market is largely driven by the increasing incidence of infectious diseases, the rising number of accidents & trauma cases, the emergence of liquid biopsy tests, and a demand for blood donations and blood components. Increasing demand for apheresis, technological advancements in blood collection procedures and products, advancements in blood collection—microsampling and dried blood sampling are expected to offer growth opportunities to market players in the coming years.

Blood Collection Tubes to dominated the blood collection devices market in 2019

Based on the product, the global market is segmented into blood collection devices, needles & syringes, blood collection tubes, blood bags, and lancets. In 2019, the blood collection tubes segment accounted for a larger share of the market. The large share of this segment can be attributed to factors such as multiple samples can be collected from a single venipuncture. Most tubes contain an additive that either accelerates the clotting of the blood (clot activator) or prevents it from clotting (anticoagulant), furthermore multiple tubes can be used for different tests from a single person.

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Diagnostic application segment accounted for the largest share of the blood collection devices market, by application, in 2019

The blood collection devices available in the market are based on two major applications—diagnostic, and therapeutic applications. The diagnostics segment is expected to dominate the market in 2019. This is attributed to factors such as the increasing prevalence of chronic diseases, increasing number of corporate and personal check-ups. This segment further witnessed the highest growth in the market in 2019.

North America is the largest regional market for blood collection devices in 2019

North America (comprising the US and Canada) accounted for the largest share of the global blood collection market in 2019, followed by Europe. Factors such as the increasing prevalence of lifestyle diseases and the rising incidence of blood disorders, better healthcare facilities, and the presence of major manufacturers in the region are stimulating the growth of the blood collection devices market in North America.

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Key Players

Becton, Dickinson and Company (US), , Haematonics (US), Terumo BCT (Japan), Fresenius Kabi AG (Germany), Grifols (Spain), Nipro Medical Corporation (Japan), Greiner Holding (Austria), Quest Diagnostics (US), SARSTEDT AG & Co. (Germany), Macopharma (France), Smiths Medical (US), Kawasumi Laboratories (Japan), Retractable Technologies (US), LiuyangSanli Medical Technology Development (China), F.L. Medical S.R.L (Italy), AB Medical (South Korea), APTCA SPA (Italy), Micsafe Medical Group Limited (China), DiseraTibbiMalzemeLojistik Sanayi VeTicaret A.ª (Turkey), Ajosha Bio Teknik Pvt. Ltd. (India), Preq Systems (India), CML Biotech (India), LmbTechnologie GmbH (Germany), Mitra Industries Private Limited (India) and Neomedic Limited (UK)

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