Blood Collection Devices Market is anticipated to grow further up to USD 10.8 billion by 2031 | Haematonics, Terumo BCT, Fresenius Kabi AG, Grifols, S.A.

New York, 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.

Market Restraints & Challenges

One of the primary challenges in the growth of the global blood collection devices market is the high cost of automated blood collection devices. For blood banks, capital investments in automated blood collection using apheresis devices are very high in comparison to that of whole-blood collection. The average price for devices ranges between USD 45,000 and USD 55,000. So, smaller blood banks and hospitals do not opt for this type of blood collection. The cost of therapeutic apheresis is also very high, as it comprises the additional cost of disposables-between USD 1,500 and USD 3,000 per patient. Due to their high costs, the adoption of these automated blood collection products is very minimal as compared to manual blood collection products in countries such as China and India. This is limiting the overall growth of the blood collection devices market.

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Market Segments

By Product

• Blood Collection Tubes
• Plasma Separation Tube
• Heparin Tubes
• Serum Separation Tubes
• EDTA Tube
• Rapid Serum Tubes
• Coagulation Tubes

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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