Blood Collection Market Growing Demand And Covid-19 Effect Analysis By Top Companies, Future Opportunities And Forecast To 2027

Precision Business Insights published a research report on “Global Blood Collection Market By Product (Syringes and Needles, Heparin Tubes, EDTA Tubes, Serum Separation Tubes, Blood Bags, Plasma Separation Tubes, Blood Lancets, Vials, Others), By Application (Treatment, Diagnosis), By End User (Blood Banks, Diagnostic Centres, Hospitals), By Geography - Global/Region/Country Forecast to 2027", Global Blood Collection Market USD 4.2 Billion in 2020 and is anticipated to grow at USD 6.44 Billion till 2027 recording a CAGR of 6.3% during the forecast period 2021-2027”.

Glance our 200 slides market research and competitive intelligence research report, 25 Tables and 65 Figures and other qualitative sections with an in-depth TOC on “Global Blood Collection Market By Product (Syringes and Needles, Heparin Tubes, EDTA Tubes, Serum Separation Tubes, Blood Bags, Plasma Separation Tubes, Blood Lancets, Vials, Others), By Application (Treatment, Diagnosis), By End User (Blood Banks, Diagnostic Centres, Hospitals), By Geography - Global/Region/Country Forecast to 2027”

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Growing Research and Development Investments will enhance the Blood Collection Market
Blood collection process is carried out to collect one’s blood for the purpose of performing laboratory testing. It is a routine process in which blood of the person is collected from venous access devices or fingerstick. Generally, the blood is taken through venipuncture, process to puncture the peripheral vein. Diagnosis of different cases such as electrolytic imbalances, testing the risk factors such as LDL and HDL for examining the therapeutics efficiency is possible through collected blood specimens.

Huge transmission of illnesses through blood donation and blood transfusion is one of the crucial factors to drive the blood collection devices market. Furthermore, favorable government policies, growing surgical procedures and huge demand for blood products in aged population are the significant factors anticipated to impel the market over the forecast period. Nearly 266Mn -359 Mn surgical procedures were recorded in the year 2012 across the globe. In addition, increase in awareness among people about proper blood management during the transfusion and huge developments in technology used for the blood collection process is projected to propel the growth of the market. Furthermore, another important factor, which greatly affects the blood collection market, is growing research and development investment in regenerative medicine and cell therapies.

North America to dominate the Blood Collection Market
Among other regions, North America is projected to dominate the market witnessing huge revenue share in the market due to the factors such as increase in occurrence of chronic illnesses like cardiovascular illnesses and cancers, increasing blood donation and transfusion rates and growing awareness about blood infectious illnesses. Almost 19.3 Mn people already gave visit to physicians to test for infectious illnesses and nearly 27.6 Mn people were already diagnosed through heart related illnesses and cancer in U.S in the year 2013. Blood collection market in Europe is also anticipated to record considerable rates because of the growing aging population, which requires doing blood transfusion. Asia Pacific also anticipated to record profitable growth in the market due to the growing healthcare infrastructure. Almost 112.5 Mn blood donations were recorded around the globe and more than half of are obtained from high profit countries.

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Competitive Analysis
There are several key players operating in the global blood collection Market, which include Grifols (Spain), Medtronic (U.S.), Becton, Fresenius (Germany), Terumo (Japan), Haemonetics (U.S.), Kawasumi Laboratories (Japan), Nipro Medical (U.S.), Greiner Holding (Austria) and F.L. Medical (Italy).

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