Blood Collection Devices Market Size, Share, Growth Analysis, Report 2024-2031

Blood collection devices market is estimated to reach at a CAGR of 5.9% % during the forecast period (2024-2031).

Blood collection devices play a vital role in patient treatment by facilitating the extraction of blood samples. These samples are essential for analyzing key metabolic components, including magnesium, sodium, chloride, potassium, blood urea nitrogen, creatinine, lipid levels, and blood glucose. This information is crucial for diagnosing and monitoring various health conditions and ensuring effective treatment.

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Market Dynamics:

Advancement in blood collecting devices is expected to drive market growth.

Collecting blood samples from patients with difficult venous access (DVA) poses significant challenges, often leading to multiple attempts, which can increase the risk of anemia and the potential for blood-borne disease transmission to healthcare professionals. Traditional blood collection methods frequently fail to obtain adequate samples from these patients.

To address these issues, Yarmush Laboratory has developed robotic blood-sampling equipment designed to minimize the stress of repeated blood draws, reduce bruising, and prevent injuries. This advanced technology includes a module capable of analyzing samples using lab-on-a-chip microfluidics, potentially speeding up diagnostic results for patients. The inspiration for this technology came from early military blood-sampling equipment that used near-infrared light to visualize veins in low-light conditions. However, Yarmush's device improves on this by incorporating ultrasound to provide three-dimensional data, offering a more comprehensive view.

Given these advancements, the market for blood collection devices, particularly those incorporating innovative technologies like robotics and advanced imaging, is expected to experience significant growth in the forecast period.

Segment Covered in the Blood Collection Devices Market:

By Product: Blood Collection tubes, System Type, Needles & Syringes, Blood Bags, Blood Collection Systems/Monitors, Lancets.

By Method: Manual Blood Collection, Automated Blood Collection.

By Application: Diagnostics, Therapeutics.

By End-user: Hospital, Ambulatory Surgery Centers, Diagnostic & Pathology Laboratories, Blood Banks, Others.

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Key players involved in Blood Collection Devices Market:

• Cardinal Health.
• Becton Dickinson and Company.
• Medline Industries, LP.
• Greiner Bio-One International GmbH.
• Henry Schein, Inc.
• TERUMO BCT, INC.
• Fresenius Kabi AG.
• Grifols, S.A.
• Nipro Medical Corporation.
• Smith's Medical.

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Product Portfolio:

Cardinal Health, Inc., headquartered in Dublin, Ohio, was established in 1979. The company operates in two main segments: Pharmaceutical and Medical.

Pharmaceutical Segment: Distributes branded and generic pharmaceuticals, specialty pharmaceuticals, and over-the-counter healthcare and consumer items.

Medical Segment: Manufactures, sources, and distributes Cardinal Health-branded medical, surgical, and laboratory equipment and devices.

Cardinal Health also provides customized solutions for hospitals, healthcare systems, pharmacies, ambulatory surgery centers, clinical laboratories, physician offices, and home care patients. The company collaborates with Journey Biosciences, Inc., and operates in over 35 countries with approximately 44,000 employees globally.

Cardinal Health Luer Lock Blood Collection Adapter: This device eliminates the need for a needle when collecting blood from valve-based I.V. ports, streamlining the blood collection process.

Regional Analysis:

The global Blood Collection Devices Market report focuses on six major regions: North America, Latin America, Europe, Asia Pacific, the Middle East, and Africa. The report offers detailed insight into new product launches, new technology evolutions, innovative services, and ongoing R&D. The report discusses a qualitative and quantitative market analysis, including PEST analysis, SWOT analysis, and Porter's five force analysis. The Blood Collection Devices Market report also provides fundamental details such as raw material sources, distribution networks, methodologies, production capacities, industry supply chain, and product specifications.

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