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Blood Collection Devices Market 2024 Report By Key Companies, Regional Analysis And Forecast 2033
Blood Collection Devices Market
According to The Business Research Company's, The blood collection devices market size has grown strongly in recent years. It will grow from $7.54 billion in 2023 to $8.16 billion in 2024 at a compound annual growth rate (CAGR) of 8.3%. The growth in the historic period can be attributed to increased prevalence of blood-related disorders, rise in in healthcare infrastructure, aging population, government initiatives and regulations.
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Market Drivers and Trends:
Increasing health awareness are expected to propel the growth of blood collection devices market. Rising health awareness refers to an increasing consciousness and knowledge among individuals and communities about health-related issues, wellness practices, and the importance of maintaining a healthy lifestyle. This awareness often leads to informed choices and behaviors aimed at promoting and preserving physical, mental, and emotional well-being. Rising health awareness is a positive trend as it empowers individuals to take control of their health, make informed decisions, and contribute to the overall well-being of communities. It also encourages a shift towards a more preventive and holistic approach to healthcare. For instance, in 2022, Mental Health America, US based healthcare organization, revealed that the averages for 2019 and 2020, the population who accessed screening in 2021 was younger. The percentage of kids aged 11 to 17 who were screeners in 2021 was 45%; this represents an increase of 16% from 2019 (29%) and 3% from 2020 (42%). Therefore, increasing health awareness is driving the blood collection devices market.
Major companies operating in blood collection devices market are developing innovative products such as MiniCollect® PIXIE safety lancet. A ground-breaking safety lancet is MiniCollect PIXIE. With a minimum incision depth, it is intended to provide optimal blood flow. The MiniCollect® PIXIE uses a "pendulum swing" to pierce the skin and makes shallow incisions that breach more capillaries. This technology aims to enhance the efficiency of blood collection. Therefore, newborns and premature babies would benefit greatly from this product. For instance, in June 2021, Greiner Bio-One, is a technology partner for hospitals, research institutes, launched MiniCollect® PIXIE safety lancet, which are available with a variety of needle gauges and incision depths and blade sizes to keep the incision depth as low as possible. This versatility allows healthcare professionals to choose the most suitable options based on specific needs.
Key Benefits for Stakeholders:
• Comprehensive Market Insights: Stakeholders gain access to detailed market statistics, trends, and analyses that help them understand the current and future landscape of their industry.
• Informed Decision-Making: The reports provide crucial data that support strategic decisions, reducing risks and enhancing business planning.
• Competitive Advantage: With in-depth competitor analysis and market share information, stakeholders can identify opportunities to outperform their competition.
• Tailored Solutions: The Business Research Company offers customized reports that address specific needs, ensuring stakeholders receive relevant and actionable insights.
• Global Perspective: The reports cover various regions and markets, providing a broad view that helps stakeholders expand and operate successfully on a global scale.
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Major Key Players of the Market:
Becton, Dickinson and Company; Greiner Holding AG; Kabe Labortechnik GmbH; Sarstedt AG & Company; ICU Medical Inc.; Terumo BCT Inc.; Fresenius Kabi AG; Grifols S.A.; Haematonics; Nipro Medical Corporation; Quest Diagnostics Incorporated; Macopharma SA; Smiths Medical International Ltd.; Cardinal Health Inc.; Retractable Technologies Inc.; Sekisui Medical Co. Ltd.; Qiagen NV; Smiths Group plc; NIPRO Corporation; PT. Adi Buana Mandiri; Covidien Ltd.; Kawasumi Laboratories Inc.; F.L. Medical SRL; Ajosha Bio Teknik Pvt. Ltd.; A-M Systems Ltd.; Commonwealth Serum Laboratories Behring; Teleflex Medical Inc.; Abbott Laboratories; Denova Sciences Pte. Ltd.; VedaLab SA
Blood Collection Devices Market 2024 Key Insights:
• The blood collection devices market size is expected to grow to $11.21 billion in 2028 at a compound annual growth rate (CAGR) of 8.3%.
• Increasing Health Awareness Acts A Catalyst For Blood Collection Devices Market Growth
• Greiner Bio-One's Commitment To Progress Through Minicollect Pixie Safety Lancet
• North America was the largest region in the blood collection devices market in 2023.
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The Business Research Company (www.thebusinessresearchcompany.com) is a leading market intelligence firm renowned for its expertise in company, market, and consumer research. With a global presence, TBRC's consultants specialize in diverse industries such as manufacturing, healthcare, financial services, chemicals, and technology, providing unparalleled insights and strategic guidance to clients worldwide.
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