Blood Collection Devices Market is anticipated to reach USD 10.8 billion in 2031 - GIS Reports

New York, Global Blood Collection Devices Market report from Global Insight Services is the single authoritative source of intelligence on Blood Collection Devices Market . The report will provide you with analysis of impact of latest market disruptions such as Russia-Ukraine war and Covid-19 on the market. Report provides qualitative analysis of the market using various frameworks such as Porters' and PESTLE analysis. Report includes in-depth segmentation and market size data by categories, product types, applications, and geographies. Report also includes comprehensive analysis of key issues, trends and drivers, restraints and challenges, competitive landscape, as well as recent events such as M&A activities in the market.

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The global blood collection devices market size was USD 5.9 billion in 2021 and it is anticipated to reach USD 10.8 billion in 2031, growing at a rate of 6.3% from 2022-2031.

Blood collection devices help in the safe withdrawal of blood. Blood is collected from donors to perform various diagnostic tests. Needles & rings, lancets, and other devices are used for arterial and venous blood collection. Arterial blood collection has certain advantages like arterial blood gas sampling and intraoperative blood salvage. However, the growing number of accidents & trauma cases, rising incidence of infectious disease, and the developing liquid biopsy technology have improved associated healthcare processes. However, the shortage of qualified personnel will impede the market growth. Moreover, the growth opportunities among emerging nations are likely to offer significant opportunities for the growth of the global blood collection devices market.

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Market Trends and Drivers

The major factor boosting the growth of the market is the increasing prevalence of infectious diseases with the emergence of newer pathogens and chronic & lifestyle diseases. The increasing prevalence of infectious diseases such as hepatitis B (HBV), hepatitis C (HCV), human immunodeficiency virus (HIV), malaria, syphilis, and brucellosis are a major factor driving the demand for effective blood collection (owing to the risk of disease transmission during blood transfusion). According to the WHO, (July 2021), there were an estimated 37.7 million [30.2-45.1 million] people living with HIV at the end of 2020, over two-thirds of whom (25.4 million) are in the WHO African Region. In 2020, 680,000 [480,000-1.0 million] people died from HIV-related causes, and 1.5 million [1.0-2.0 million] people acquired HIV. Adding to that, according to the WHO (July 2021), worldwide, there were an estimated 7 million new syphilis infections in 2020.

The burden of chronic diseases is rapidly increasing across the globe. Almost half of the total chronic disease deaths are attributable to cardiovascular disease (CVD). In the US alone, as per the American Heart Association, the prevalence of CVD is projected to increase from 36.9% in 2010 to 38.7% by 2020 and 40.5% by 2030. Obesity coupled with diabetes is also showing worrying trends because they already affect a large proportion of the population and because they have started to appear earlier in life. The prevalence of lifestyle diseases is also growing across the world, particularly in emerging countries.

This scenario has ensured greater adherence to health check-ups combined with the growing importance of markers to find disease conditions mainly via blood collection. Health check-ups are gaining popularity both at a personal level as well as performed at a corporate level for employee well-being. This will be favorable for the market growth and a significant contributor to the blood collection devices market, as blood tests are a primary approach to diagnosing these diseases.

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Global Blood Collection Devices Market Segmentation
The report analyses the blood collection devices market based on product, method, end-user, and regions.

Global Blood Collection Devices Market by Product

On the basis of product, it is segmented into blood collection tubes, needles and syringes, and others. The key factors such as the strong prevalence of chronic diseases combined with technological advancements in blood collection devices are boosting the growth of the segment during the forecast period. Blood collection tubes witnessing a great demand owing to an increased number of patients suffering from various ailments related to blood, kidney, metabolic diseases, and neurological disorders, cancers such as leukaemia, lymphoma, myeloma, and myelodysplastic syndrome can affect the bone marrow, blood cells, lymph nodes, and other parts of the lymphatic system.

Global Blood Collection Devices Market by Method

Based on the method, it is segmented into manual blood collection and automated blood collection. The key factors such as a steady increase in the number of patients suffering from these diseases and ailments and the growing number of accidents may boost the blood collection market during the forecast period. The manual blood collection segment is likely to dominate the market during the forecast period. The increasing number of accidents, as well as trauma cases worldwide, will witness lucrative growth opportunities during the forecast period.

Global Blood Collection Devices Market by End User

Based on end-users, it is segmented into hospitals & clinics, diagnostic & pathology centers, blood banks, and others. Surging incidence of infectious diseases comprising hepatitis, human immunodeficiency virus (HIV), tuberculosis, and human papillomavirus (HPV) among others will boost the demand for blood collection production. Moreover, the rising prevalence of lifestyle diseases across the globe enhances the growth of the market. The hospitals & clinics segment is likely to dominate the market during the forecast period. The key factors such as increasing demand for blood donations are also fuelling the demand of the blood collection devices market. For example, according to WHO, 112.5 million blood donations collected globally and there is an increase of 10.7 million blood donations from unpaid donors has been reported from 2008 to 2013.

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Major Players of the Global Blood Collection Devices Market

The global blood collection devices market report includes players such as Becton, Dickinson and Company (US), Haematonics (US), Terumo BCT (US), Fresenius Kabi AG (Germany), Grifols, S.A. (Spain), Nipro Medical Corporation (Japan), Greiner Holding (Austria), Quest Diagnostics (US), SARSTEDT AG & Co. (Germany), Macopharma (France), Smiths Medical (US), Cardinal Health (US), Retractable Technologies (US), Liuyang Sanli Medical Technology Development (China), F.L. Medical S.R.L (Italy), AB Medical (South Korea), APTCA SPA (Italy), Jiangsu Micsafe Medical Technology CO., LTD. (China), Disera Tibbi Malzeme Lojistik Sanayi Ve Ticaret A.Þ (Turkey), Ajosha Bio Teknik Pvt. Ltd. (India), Preq Systems (India), CML Biotech (India), Lmb Technologie GmbH (Germany), Mitra Industries Private Limited (India) and Neomedic Limited (UK).

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