Blood Collection Market Growing Rapidly with Latest Trends 2022-28

The global blood collection market size was valued at USD 5.7 billion in 2021, growing at a CAGR of 6.0% during the forecast period 2022-2028. Blood collection is the process of gathering blood from blood banks, processing it, and isolating all of its various components. The donor's weight should not be determined by the amount of blood that is drawn from or discharged from it. In anticipation of the analysis being created, blood samples are taken from the arm, figure, ear, and hand. Blood can be collected manually or using machine-driven technology in one of two methods. Utilizing machine-driven instruments, blood will be taken from specified bodily parts. It's a crucial step in the management of blood in hospitals and bank facilities. Hospitals offer effective diagnosis together with skilled support staff.

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Blood Collection Market Growth Factors:
The rise in hospital-based surgeries is the main factor driving the global market for blood collection. Products for blood collection are used to treat patients undergoing difficult surgeries, organ and tissue transplants, chemotherapy, and dialysis. Increased adherence to routine health examinations is also necessary due to the rising prevalence of chronic and lifestyle diseases brought on by sedentary lifestyles. This has increased the requirement for blood testing as the main method of disease diagnosis. Additionally, governments around the world are taking steps to promote blood donation and raise awareness of its significance amid the coronavirus virus outbreak (COVID-19).

Blood Collection Market Segmentation:
The global blood collection market based on Product, market is categorized into Syringes and Needles, Heparin Tubes, EDTA Tubes, Serum Separation Tubes, Blood Bags, Plasma Separation Tubes, Blood Lancets, Vials, and Others. Based on Application, the market is bifurcated into Treatment, Diagnosis. Based on End User, the market is classified into Blood Banks, Diagnostic Centres, Hospitals.

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Blood Collection Market Regional Analysis:
In 2020, the market was dominated by North America. The region's market has been stimulated by a strong healthcare infrastructure, growth in R&D efforts, and the presence of top clinical diagnostics businesses in North America. The UK, Germany, France, Italy, Spain, and other nations are included in the European continent. With a CAGR of 5.9% over the predicted period, this region generated the second-highest revenue, just behind North America. The presence of significant market players in this area and the rising number of blood donation activities are anticipated to fuel market growth.

The major key players in the Blood Collection Market report are Grifols (Spain), Medtronic (U.S.), Becton, Dickinson and Company (U.S.), Fresenius (Germany), Terumo (Japan), Haemonetics (U.S.), Kawasumi Laboratories (Japan)

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