Press release
Demand For Closed Blood Sampling Systems Is Slated To Experience Significant Growth At 5.9% CAGR By 2032
As per latest revised industry analysis by Fact.MR, a market research and competitive intelligence provider, the global was valued at US$ 72.6 Mn in 2021, and is expected to exhibit a CAGR of 5.9% over the forecast period (2022-2032). Closed blood sampling systems find key applications in treatment procedures for cancer patients calling for infusions in hospital settings and other healthcare facilities. This delivers an opportunity for manufactures to surge their product sales.The global is projected to witness substantial growth over the forecast period owing to rising demand for safe blood collection procedures for prevention of contamination and infections associated with the environment within healthcare settings. Emerging markets, especially large markets such as India and China, have a significantly large and untapped potential for market expansion.
๐๐ผ๐๐ป๐น๐ผ๐ฎ๐ฑ ๐๐ฟ๐ฒ๐ฒ ๐ฆ๐ฎ๐บ๐ฝ๐น๐ฒ ๐๐ผ๐ฝ๐ ๐ผ๐ณ ๐ง๐ต๐ถ๐ ๐ฅ๐ฒ๐ฝ๐ผ๐ฟ๐: https://www.factmr.com/connectus/sample?flag=S&rep_id=4002?PS
Rising adoption of advanced closed systems for blood sampling through variable needle-free access options have been featured in several product offerings by manufacturers. Growing awareness regarding the importance of safe blood transfusion for extending the quality of health as well as outlook of patient life promotes demand for safe blood collection techniques, thus boosting the sales of closed blood monitoring systems.
As per Fact.MR's projections, single-line blood sampling systems held a substantial market share of 25.5% in 2021. Closed blood sampling systems accounted for around 0.3% share of the global blood screening market in 2021.
Sales Analysis of Closed Blood Sampling Systems from 2017 to 2021 Vs Market Outlook for 2022 to 2032
Demand for closed blood sampling systems depends upon the global factors associated with rising measures by healthcare facilities towards comprehensive surgical care. Surgical care is a prime and essential practice to effectively manage a varied range of health conditions. Sales revenue from closed blood sampling systems are expected to increase at a considerable growth rate over the next ten years at a CAGR of 5.9%.
Increasing cases of injury and wound, malignancy, chronic diseases such as cardiovascular diseases and diabetes, obstructed labor, and infections, globally, have accelerated demand for safe and efficient blood sampling techniques, thus posing a positive impact on the growth of the closed blood sampling devices market. The global expanded at 4.8% CAGR over the past 5 years.
๐๐ฒ๐ ๐ง๐ฎ๐ธ๐ฒ๐ฎ๐๐ฎ๐๐ ๐ณ๐ฟ๐ผ๐บ ๐ ๐ฎ๐ฟ๐ธ๐ฒ๐ ๐ฆ๐๐๐ฑ๐
โข By sampling system, double-line blood sampling systems are expected to hold 28.6% market value share by the end of 2032.
โข By modality, pole-mounted sampling systems are expected to hold 63.1% market value share by 2032.
โข By age group, adults accounted for 67.8% market value share in 2021.
โข Hospitals dominated with a share of 44.4% in 2021.
โข By region, North America is set to dominate the global with a value share of around 39.9% by the end of 2032. Europe is slated to be the second-largest leading regional market with a value share of 30.7%.
๐๐ฒ๐ ๐๐๐๐๐ผ๐บ๐ถ๐๐ฎ๐๐ถ๐ผ๐ป ๐ผ๐ป ๐๐ต๐ถ๐ ๐ฅ๐ฒ๐ฝ๐ผ๐ฟ๐: https://www.factmr.com/connectus/sample?flag=RC&rep_id=4002?PS
"High prevalence of needle stick injuries and risk of infections associated with them are set to promote the sales of closed blood sampling systems," says an analyst of Fact.MR.
๐ ๐ฎ๐ฟ๐ธ๐ฒ๐ ๐๐ผ๐บ๐ฝ๐ฒ๐๐ถ๐๐ถ๐ผ๐ป
Key market players such as ICU Medical Inc. and Elcam Medical are focusing on development with indication-centric applications for safe blood collection techniques.
โข In January 2021, Elcam Medical joined existing investors Alon Medtech and serial medical device inventor, and investor, Dr. Shimon Eckhouse. This venture combines Serenno's solution with Elcam's manufacturing experience to deliver high-quality products at competitive pricing.
Additionally, manufacturers follow acquisition activities in order to build a comprehensive product portfolio and gain operational capacities for production at lower costs.
โข In January 2022, Smiths Medical from Smiths Group plc. Was acquired by ICU Medical Inc.
๐๐๐ฒ ๐๐๐ ๐ฆ๐๐ง๐ญ๐ฌ ๐๐จ๐ฏ๐๐ซ๐๐ ๐ข๐ง ๐๐ฅ๐จ๐ฌ๐๐ ๐๐ฅ๐จ๐จ๐ ๐๐๐ฆ๐ฉ๐ฅ๐ข๐ง๐ ๐๐ฒ๐ฌ๐ญ๐๐ฆ๐ฌ ๐๐ง๐๐ฎ๐ฌ๐ญ๐ซ๐ฒ ๐๐๐ฌ๐๐๐ซ๐๐ก
by Sampling System:
o Single-line Blood Sampling Systems
o Double-Line Blood Sampling Systems
o Triple-Line Blood Sampling Systems
o Pressure Transducer/ Monitoring Kits
o Accessories
by Modality:
o Arm-mounted Sampling Systems
o Pole-mounted Sampling Systems
by Age Group:
o Neonatal/Paediatrics
o Adults
by End User:
o Hospitals
o Specialty Clinics
o Ambulatory Surgical Centres
o Cancer Research Institutes
o Blood Banks
o Others
by Region:
o North America
o Latin America
o Europe
o South Asia
o East Asia
o Oceania
o MEA
๐๐ฒ๐ ๐๐๐น๐น ๐๐ฐ๐ฐ๐ฒ๐๐ ๐ผ๐ณ ๐๐ผ๐บ๐ฝ๐น๐ฒ๐๐ฒ ๐ฅ๐ฒ๐ฝ๐ผ๐ฟ๐: https://www.factmr.com/checkout/4002
Contact:ย
US Sales Office
11140ย Rockville Pike
Suite 400
Rockville, MDย 20852
United States
Tel: +1 (628) 251-1583E:ย sales@factmr.com
About Fact.MR:
We are a trusted research partner of 80% of fortune 1000 companies across the globe. We are consistently growing in the field of market research with more than 1000 reports published every year. The dedicated team of 400-plus analysts and consultants is committed to achieving the utmost level of our client's satisfaction.
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