Press release
Blood Collection Market Size Projected to Show Strong Growth of 7.9 billion by 2031 | CAGR of 5.2%
Blood Collection Market
๐๐ซ๐ข๐ฏ๐๐ซ๐ฌ, ๐ซ๐๐ฌ๐ญ๐ซ๐๐ข๐ง๐ญ๐ฌ, ๐๐ง๐ ๐จ๐ฉ๐ฉ๐จ๐ซ๐ญ๐ฎ๐ง๐ข๐ญ๐ข๐๐ฌ-
Rise in the incidence of trauma & accidents, increase in number of surgical procedures performed, growing prevalence of chronic diseases such as blood cancer, and surge in government expenditure on healthcare drive the global blood collection market. On the other hand, certain risks related to blood transfusion procedure such as blood-borne infections, fever, acute immune hemolytic reaction, and allergic reactions impede the market growth to some extent. However, high growth potential in the emerging economies have been beneficial for the industry.
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๐๐จ๐ฉ ๐๐จ๐ฆ๐ฉ๐๐ง๐ข๐๐ฌ ๐จ๐ ๐๐ฅ๐จ๐จ๐ ๐๐จ๐ฅ๐ฅ๐๐๐ญ๐ข๐จ๐ง ๐๐ฅ๐๐ญ๐๐ฌ: -
Medtronic, Inc.
Becton Dickinson and Company
Abbott Laboratories Inc.
Nipro Medical Corporation
Qiagen NV
F.L. Medical SRL
Terumo Corporation
greiner holding ag
Haemonetics Corporation
Sarstedt AG
๐๐ฅ๐จ๐จ๐ ๐๐จ๐ฅ๐ฅ๐๐๐ญ๐ข๐จ๐ง ๐๐๐ซ๐ค๐๐ญ ๐๐๐ ๐ฆ๐๐ง๐ญ๐๐ญ๐ข๐จ๐ง: -
By product, the needles and syringes segment contributed to the highest share in 2021, accounting for nearly two-fifths of the global blood collection market revenue and is anticipated to dominate by 2031. This is due to rise in the prevalence of infectious diseases and increasing use of needles & syringes in the blood collection for diagnosing various chronic diseases. The blood collection tubes segment, simultaneously, would cite the fastest CAGR of 6.0% from 2022 to 2031. This is owing to rise in healthcare expenditure and surge in adoption of blood collection products for screening.
By application, the diagnostics segment held around three-fourths of the global blood collection market share and is anticipated to dominate by 2031. The same segment would also portray the fastest CAGR of 5.3% during the forecast period. Rise in blood testing facilities, widespread use of new technology in blood testing, and the availability of on-the-spot testing help fuel the segment growth.
By end-user the hospitals and diagnostic centers segment garnered the major share in 2021, contributing to more than two-fifths of the global blood collection market revenue, and is projected to maintain the lion's share during the forecast period. This is due to surge in the number of hospitals & diagnostic centers and increase in research activities of blood transfusion therapy. The others segment, however, would manifest the fastest CAGR of 5.7% from 2022 to 2031. This is attributed to rise in the number of blood banks across the world.
By region, the market across Asia-Pacific held the major share in 2021, accounting for nearly two-fifths of the global blood collection market revenue. The same region would also cite the fastest CAGR of 6.1% during the forecast period. This is owing to the high prevalence rate of chronic diseases, increase in the number of market players, and surge in the testing facilities in the region.
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Our Market Research Solution Provides You Answer to Below Mentioned Question:
Which are the driving factors responsible for the growth of market?
Which are the roadblock factors of this market?
What are the new opportunities, by which market will grow in coming years?
What are the trends of this market?
Which are main factors responsible for new product launch?
How big is the global & regional market in terms of revenue, sales and production?
How far will the market grow in forecast period in terms of revenue, sales and production?
Which region is dominating the global market and what are the market shares of each region in the overall market in 2022?
How will each segment grow over the forecast period and how much revenue will these segments account for in 2028?
Which region has more opportunities?
By Region Outlook
North America
โฆ U.S.
โฆ Canada
โฆ Mexico
Europe
โฆ UK
โฆ Germany
โฆ France
โฆ Italy
โฆ Russia
โฆ Rest of Europe
Asia-Pacific
โฆ China
โฆ Japan
โฆ India
โฆ Australia
โฆ Rest of Asia-Pacific
LAMEA
โฆ Brazil
โฆ UAE
โฆ Turkey
โฆ Saudi Arabia
โฆ Rest of LAMEA
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