Emerging Blood Collection, Processing, Management Devices Market Trend 2025-2034: Technological Advancement in Blood Collection, Processing, and Management Devices

How Is the Blood Collection, Processing, Management Devices Market Projected to Grow, and What Is Its Market Size?
The market for blood collection, processing, and management devices has experienced substantial growth in the past years. The market size is projected to increase from $3.79 billion in 2024 to $4.09 billion in 2025, exhibiting a compound annual growth rate (CAGR) of 8.0%. The historical growth is due to the increased prevalence of chronic diseases, advancements of automated and safer devices for blood collection and processing, implementation of strict rules and standards regarding blood collection, increasing needs for speedy diagnostic tests, and the demand for point-of-care testing.

Expectations are high for a robust expansion in the market size of blood collection, processing, and management devices in the ensuing years. It is predicted to surge to $5.51 billion by 2029, culminating in a compound annual growth rate (CAGR) of 7.7%. Factors contributing to this projected growth within the forecast period include an increasing elderly population, elevated surgical and medical procedure rates, an emphasis on patient comfort and safety, increased awareness and education, and strict regulatory standards pertaining to blood collection. Automation and robotics, the development of compact portable devices, state-of-the-art needle technologies, digital health platform integration, and the incorporation of wireless technology are anticipated to be the significant trends over the forecast period.

What Is Contributing to the Growth of the Blood Collection, Processing, Management Devices Market?
Increased understanding and the escalating need for blood donation are predicted to drive the growth of the blood collection, processing, and management devices market in the near future. The growing realization and necessity for blood donations are fueled by several related aspects like advancements in medical care, occurrences of accidents and emergencies, as well as the prevalence of intricate medical procedures and treatments for chronic diseases - especially among the elderly, inevitably requiring blood transfusions. Instruments for blood collection, processing, and management are integral to reinforcing the blood donation branch. These tools optimize the entire procedure, guaranteeing safety, effectiveness, and dependability starting from recruiting blood donors to the delivering blood products to patients. For example, according to Statistics Poland in 2022, blood donors contributed a total of 1,302.9 thousand whole blood donations, indicating 41.9 thousand more contributions compared to the previous year, 2021. Thus, the burgeoning understanding and requirement for blood donations will unquestionably stimulate the blood collection, processing, and management device sector.

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Who Are the Major Industry Players Fueling Blood Collection, Processing, Management Devices Market Expansion?
Major companies operating in the blood collection, processing, management devices market are McKesson Corporation, Cardinal Health Inc., F. Hoffmann-La Roche AG, Thermo Fisher Scientific Inc., Abbott Laboratories, Fresenius SE & Co. KGaA, Becton, Dickinson and Company, Medline Industrie LP, Avantor Inc., Grifols S.A., Terumo Corporation, PerkinElmer Inc., bioMérieux SA, Nipro Corporation, Sysmex Corporation, Bio-Rad Laboratories, Inc., Haemonetics Corporation, Sarstedt AG & Co. KG, Greiner Bio-One International GmbH, Macopharma, Immucor, Trivitron Healthcare, HemoCue AB, EKF Diagnostics, Sebia

Which Key Developments Are Influencing the Blood Collection, Processing, Management Devices Market?
Leading companies in the blood collection, processing, and management devices market are introducing new products featuring cutting-edge technologies such as RightGauge technology, aimed at improving accuracy and efficiency during blood collection. RightGauge technology represents an innovative method ensuring exact needle placement which helps alleviate patient discomfort during the process. For example, the US-based medical technology firm, Becton, Dickinson and Company (BD), launched BD Vacutainer UltraTouch Push Button Blood Collection Set in India in March 2024. This ground-breaking device features BD RightGauge technology, deploying a slender needle to facilitate uninterrupted blood flow, resulting in less discomfort for patients. The device comes with a push-button mechanism for retracting the needle after collection, which enhances safety for healthcare workers.

How Is the Segmentation of the Blood Collection, Processing, Management Devices Market Defined?
The blood collection, processing, management devices market covered in this report is segmented -

1) By Product: Devices, Consumables, Software, Servicing
2) By Application: Diagnostics, Therapeutics, Research, Other Applications
3) By End-user: Hospitals, Diagnostic Laboratories, Academic And Research Laboratories, Blood And Blood Component Banks, Ambulatory Surgical Center, Other End-Users

Subsegments:
1) By Devices: Blood Collection Needles, Blood Collection Tubes, Blood Separation Units, Centrifuges, Blood Bag Systems, Blood Processing Systems, Blood Warmers
2) By Consumables: Blood Collection Bags, Blood Tubes, Filters and Separators, Reagents And Additives For Blood Processing
3) By Software: Blood Management Software, Laboratory Information Management Systems (LIMS), Patient Tracking and Monitoring Software, Data Analytics Software For Blood Management
4) By Servicing: Installation and Setup Services, Maintenance and Calibration Services, Training and Support Services, Repair and Replacement Services

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What Is the Leading Region in the Blood Collection, Processing, Management Devices Market?
North America was the largest region in the blood collection, processing, management devices market in 2023. The regions covered in the blood collection, processing, management devices market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.

What Is Covered In The Blood Collection, Processing, Management Devices Global Market Report?

- Market Size Analysis: Analyze the Blood Collection, Processing, Management Devices Market size by key regions, countries, product types, and applications.
- Market Segmentation Analysis: Identify various subsegments within the Blood Collection, Processing, Management Devices Market for effective categorization.
- Key Player Focus: Focus on key players to define their market value, share, and competitive landscape.
- Growth Trends Analysis: Examine individual growth trends and prospects in the Market.
- Market Contribution: Evaluate contributions of different segments to the overall Blood Collection, Processing, Management Devices Market growth.
- Growth Drivers: Detail key factors influencing market growth, including opportunities and drivers.
- Industry Challenges: Analyze challenges and risks affecting the Blood Collection, Processing, Management Devices Market.
- Competitive Developments: Analyze competitive developments, such as expansions, agreements, and new product launches in the market.

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