Blood Collection Market size worth US$ 8.8 Billion by 2027 At 5.94% CAGR

The latest research study "Blood Collection Market : Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2022-2027" by IMARC Group, finds that the global blood collection market size reached US$ 6.2 Billion in 2021. Looking forward, IMARC Group expects the market to reach US$ 8.8 Billion by 2027, exhibiting a growth rate (CAGR) of 5.94% during 2022-2027.

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Note: We are regularly tracking the direct effect of COVID-19 on the market, along with the indirect influence of associated industries. These observations will be integrated into the report.

Industry Overview and Application :

Blood collection entails the voluntary removal of blood from the body for laboratory analysis. It is generally collected within a hospital environment to identify respiratory, metabolic, and mixed-acid disorders. Some of the commonly used methods of blood collection are arterial, venipuncture, fingerstick sampling, etc. The blood is extracted via automated equipment or manually and then separated into several components using the apheresis process. It plays a crucial role in understanding, preventing, and treating diseases across hospitals and blood bank centers.

Blood Collection Market Trends and Drivers:

The growing number of invasive surgical procedures is primarily driving the blood collection market. Additionally, the widespread adoption of preventive care and diagnostics is further catalyzing the market growth. Besides this, the rising prevalence of chronic disorders, such as anemia, myeloma, leukemia, sickle cell disease, hemophilia, etc., is inflating the need for blood collection as the primary mode of diagnosing diseases, which is acting as another significant growth-inducing factor.

Moreover, the launch of various favorable policies by government bodies and non-governmental organizations (NGOs) across the countries to promote blood donation programs, on account of the sudden outbreak of the COVID-19 pandemic, is also positively influencing the global market.

Apart from this, numerous technological advancements, including the introduction of a push-button blood collection device that can be utilized for testing HbA1c levels in prediabetic and diabetic patients, are anticipated to fuel the blood collection market over the forecasted period.

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Global Blood Collection Market 2022-2027 Analysis and Segmentation:

Competitive Landscape:

The competitive landscape of the market has been studied in the report with the detailed profiles of the key players operating in the market.

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.

The report has segmented the market on the basis of region, product, application and end use.

Breakup by Product:
• Needles and Syringes
• Blood Collection Tubes
o Serum-separating
o EDTA
o Heparin
o 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

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Key highlights of the report:
• Market Performance (2016-2021)
• Market Outlook (2022- 2027)
• Porter's Five Forces Analysis
• Market Drivers and Success Factors
• SWOT Analysis
• Value Chain
• Comprehensive Mapping of the Competitive Landscape

If you need specific information that is not currently within the scope of the report, we can provide it to you as a part of the customization.

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