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Blood Collection Devices Market worth $12.52 billion by 2030, growing at a CAGR of 7.32% - Exclusive Report by 360iResearch
Blood Collection Devices Market | 360iResearch
The Global Blood Collection Devices Market to grow from USD 7.63 billion in 2023 to USD 12.52 billion by 2030, at a CAGR of 7.32%.
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Blood collection devices are specialized instruments used in the medical field to extract human blood for diagnostic purposes, treatment monitoring, blood donations, and research. These devices are designed to assure the safety, accuracy, and efficiency of the blood collection process. Blood collection devices are crucial in minimizing the risk of contamination, assuring the integrity of the blood sample, and reducing discomfort during the collection process. The increasing cases of blood-related disorders and chronic diseases globally drive the demand for blood tests, fueling the market's growth. In addition, rising healthcare investments from the private & public sectors boost innovation in the market. However, the surging incidence of blood collection device recall impacts the expansion of the market. Furthermore, innovations in blood collection methods and devices offer more efficient, less invasive, and safer options for blood collection, pushing the market forward.
In the American region, the demand for blood collection devices remains high due to the strong presence of healthcare facilities and a robust regulatory framework ensuring safety and efficacy. Ongoing innovations have focused on enhancing the safety and comfort of blood collection processes. Investments are directed towards automation and integration of digital technologies in collection devices. Customer purchasing behavior emphasizes quality, reliability, and technological advancements. European Union countries have stringent regulations governing medical devices, including blood collection devices. The focus is on safety, precision, and minimizing the invasiveness of blood collection techniques. The European market is distinguished by high demand for devices that are environmentally sustainable and ergonomic. Research and investment in the EU aim to reduce the ecological footprint of disposable devices while maintaining their clinical efficacy. The Middle East has been witnessing substantial growth in the healthcare sector, with significant investments in hospital infrastructure and medical technology. The APAC's rapidly expanding healthcare sector is propelling the demand for blood collection devices. The countries across the region have implemented significant reforms in healthcare policies, thereby attracting investments in both domestic and international market players. Innovations are particularly focused on disposable and user-friendly devices.
Market Segmentation & Coverage:
This research report categorizes the Blood Collection Devices Market in order to forecast the revenues and analyze trends in each of following sub-markets:
Based on Product, market is studied across Blood Collection Needles/Holders, Blood Collection System, Blood Collection Tubes, and Lancet. The Blood Collection Tubes is further studied across Plazma Blood Tubes and Serum Tubes. The Blood Collection Tubes is projected to witness significant market share during forecast period.
Based on Method, market is studied across Automated Blood Collection and Manual Blood Collection. The Automated Blood Collection is projected to witness significant market share during forecast period.
Based on Material, market is studied across Glass, Plastic, Rubber, and Stainless Steel. The Rubber is projected to witness significant market share during forecast period.
Based on Application, market is studied across Diagnostic and Therapeutics. The Diagnostic is projected to witness significant market share during forecast period.
Based on End-user, market is studied across Blood Donation Centers, Diagnostic & Pathology Laboratory, and Hospitals & Clinics. The Hospitals & Clinics is projected to witness significant market share during forecast period.
Based on Region, market is studied across Americas, Asia-Pacific, and Europe, Middle East & Africa. The Americas is further studied across Argentina, Bolivia, Brazil, Canada, Chile, Colombia, Mexico, Peru, and United States. The United States is further studied across California, Florida, Illinois, New York, Ohio, Pennsylvania, and Texas. The Asia-Pacific is further studied across Australia, China, India, Indonesia, Japan, Malaysia, Philippines, Singapore, South Korea, Taiwan, Thailand, and Vietnam. The Europe, Middle East & Africa is further studied across Denmark, Egypt, Finland, France, Germany, Israel, Italy, Netherlands, Nigeria, Norway, Poland, Qatar, Russia, Saudi Arabia, South Africa, Spain, Sweden, Switzerland, Turkey, United Arab Emirates, and United Kingdom. The Europe, Middle East & Africa commanded largest market share of 38.12% in 2023, followed by Americas.
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FPNV Positioning Matrix:
The FPNV Positioning Matrix is essential for assessing the Blood Collection Devices Market. It provides a comprehensive evaluation of vendors by examining key metrics within Business Strategy and Product Satisfaction, allowing users to make informed decisions based on their specific needs. This advanced analysis then organizes these vendors into four distinct quadrants, which represent varying levels of success: Forefront (F), Pathfinder (P), Niche (N), or Vital(V).
Market Share Analysis:
The Market Share Analysis offers an insightful look at the current state of vendors in the Blood Collection Devices Market. By comparing vendor contributions to overall revenue, customer base, and other key metrics, we can give companies a greater understanding of their performance and what they are up against when competing for market share. The analysis also sheds light on just how competitive any given sector is about accumulation, fragmentation dominance, and amalgamation traits over the base year period studied.
Key Company Profiles:
The report delves into recent significant developments in the Blood Collection Devices Market, highlighting leading vendors and their innovative profiles. These include Abbott Laboratories, AdvaCare Pharma, Agilent Technologies, Inc., Avantor, Inc., B. Braun SE, Becton, Dickinson, and Company, Bio-Rad Laboratories, Inc., Biosigma S.p.A., Cardinal Health, Inc., Eurofins Scientific SE, Exelint International, Co., F. Hoffmann-La Roche Ltd., F.L. Medical S.r.l., Globe Scientific Inc., Greiner AG, Haemonetics Corporation, ICU Medical, Inc., ITL Health Group, Medtronic PLC, Merck KGaA, Nipro Medical Corporation, Qiagen N.V., Retractable Technologies, Inc., SAI Infusion Technologies, SARSTEDT AG & Co. KG, Shanghai Kohope Medical Devices Co., Ltd., Siemens Healthineers AG, Terumo Corporation, and Thermo Fisher Scientific Inc..
Key Topics Covered:
1. Preface
2. Research Methodology
3. Executive Summary
4. Market Overview
5. Market Insights
6. Blood Collection Devices Market, by Product
7. Blood Collection Devices Market, by Method
8. Blood Collection Devices Market, by Material
9. Blood Collection Devices Market, by Application
10. Blood Collection Devices Market, by End-user
11. Americas Blood Collection Devices Market
12. Asia-Pacific Blood Collection Devices Market
13. Europe, Middle East & Africa Blood Collection Devices Market
14. Competitive Landscape
15. Competitive Portfolio
The report provides insights on the following pointers:
1. Market Penetration: Provides comprehensive information on the market offered by the key players
2. Market Development: Provides in-depth information about lucrative emerging markets and analyzes penetration across mature segments of the markets
3. Market Diversification: Provides detailed information about new product launches, untapped geographies, recent developments, and investments
4. Competitive Assessment & Intelligence: Provides an exhaustive assessment of market shares, strategies, products, certification, regulatory approvals, patent landscape, and manufacturing capabilities of the leading players
5. Product Development & Innovation: Provides intelligent insights on future technologies, R&D activities, and breakthrough product developments
The report answers questions such as:
1. What is the market size and forecast of the Blood Collection Devices Market?
2. Which are the products/segments/applications/areas to invest in over the forecast period in the Blood Collection Devices Market?
3. What is the competitive strategic window for opportunities in the Blood Collection Devices Market?
4. What are the technology trends and regulatory frameworks in the Blood Collection Devices Market?
5. What is the market share of the leading vendors in the Blood Collection Devices Market?
6. What modes and strategic moves are considered suitable for entering the Blood Collection Devices Market?
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