Press release
Global Automated Blood Collection Market to Reach $2.94 Billion by 2029, Growing at 17.9% CAGR
Automated Blood Collection
The growth trajectory of the automated blood collection market is likely to be bolstered by a marked increase in blood donations. Factors contributing to this upward trend in blood donations include heightened awareness of the urgent need for blood in medical emergencies, broad-scale blood donation campaigns run by health bodies and community organizations, and progress in medical technology that enhances the safety and efficiency of the donation procedure. The role of automated blood collection is pivotal for blood donation as it boosts the process's efficiency by eliminating manual handling, thereby reducing human errors and donors' discomfort. For instance, the new blood donations reported by the NHS Blood and Transplant (NHSBT), a UK-special health authority serving England and Wales, saw a slight rise from 119,016 donations in 2022-2023 to 119,371 donations for the 2023-2024 period. Thus, the surge in blood donation is fuelling the expansion of the automated blood collection market.
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What is the projected compound annual growth rate (CAGR) of the automated blood collection market from 2025 to 2034, and what factors influence it?
In the past few years, there has been a swift expansion in the size of the automated blood collection market. Its growth is projected to increase from $1.29 Billion in 2024 to $1.52 Billion in 2025, showing a compound annual growth rate (CAGR) of 18.2%. The significant growth during the historical period can be credited to the governmental initiatives for promoting blood donation, an upsurge in the approval of products and an increase in the number of specimens.
The market size of automated blood collection is anticipated to experience substantial expansion in the coming years. The market is projected to rise to $2.94 billion by 2029, with a compound annual growth rate (CAGR) of 17.9%. The anticipated growth within the forecast period can be associated with the surge in infectious diseases, an escalating need for blood donations, enhanced demand for advanced blood collection, and an increasing inclination towards liquid biopsy testing. Key trends during the projected period comprise advancements in technology, the risk reduction brought about by the automation of blood collection, novel product designs, innovations in portable blood collection, and product innovation.
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How are the latest trends influencing the growth of the automated blood collection market?
Notable corporations in the automated blood collection sector are introducing innovative products improved with cutting-edge technology, like PentaPoint, with an aim to improve blood collection's precision and efficiency. The application of the PentaPoint technology facilitates a more precise and controlled collection procedure, by utilizing multiple entry points, thereby alleviating discomfort and enhancing the quality of the samples. For instance, Becton, Dickinson, and Company, a medical firm based in the US, introduced the BD vacutainer ultratouch push-button blood collection set in India and the US in April 2024. This novel device is targeted at reducing the agony and uneasiness experienced by patients during the blood collection process. The product integrates BD RightGauge technology, using a slender needle, and BD PentaPoint technology, greatly diminishing pain upon insertion. Further, the device is equipped with BD Push Button Technology which effectively minimizes the likelihood of needle injuries by 88%. The introduction of this sophisticated blood collection set is geared towards improving patient's experience by enhancing comfort, providing medical practitioners better access to veins, and diminishing the overall procedure time.
What are the major segments of the automated blood collection market and their role in driving growth?
The automated blood collection market covered in this report is segmented -
1) By Type: Arterial Sampling, Venipuncture Sampling, Fingerstick Sampling
2) By Application: Diagnostics, Treatment, Therapeutics
3) By End-Use: Hospitals, Diagnostic Centers, Pathology Laboratories, Other End-Uses
Subsegments:
1) By Arterial Sampling: Automated Arterial Blood Gas Collection Systems, Closed-Loop Arterial Sampling Systems, Point-of-Care Arterial Sampling Devices, Continuous Arterial Sampling Systems
2) By Venipuncture Sampling: Automated Venipuncture Collection Devices, Robotic Venipuncture Systems, High-Precision Venipuncture Blood Collection Systems, Automated Venipuncture Systems for Plasma Or Serum
3) By Fingerstick Sampling: Automated Fingerstick Blood Collection Devices, Portable Fingerstick Collection Devices, Fingerstick Collection Systems for Point-of-Care Testing, Miniaturized Automated Fingerstick Collection Systems
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Which regions are key players in the growth of the automated blood collection market?
North America was the largest region in the automated blood collection market in 2024. The regions covered in the automated blood collection market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.
Who are the key firms paving the way for growth in the automated blood collection market?
Major companies operating in the automated blood collection market are Abbott Laboratories, RHI Group, Siemens Healthineers, Becton, Dickinson and Company, CSL Plasma, Quest Diagnostics Incorporated, B. Braun Melsungen AG, Fresenius KABI AG, Grifols S.A., Terumo Corporation, Nipro Medical Corporation, Greiner AG, Bio-Rad Laboratories Inc., ICU Medical Inc., QIAGEN N.V., Haemonetics Corporation, SARSTEDT AG & Co. KG, Owen Mumford Ltd., Retractable Technologies Inc., Neomedic Limited, CML Biotech, Macopharma, Chengdu Rich Science Industry Co. Ltd., Babson Diagnostics, Venibot
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What Is Covered In The Automated Blood Collection Global Market Report?
•Market Size Forecast: Examine the automated blood collection market size across key regions, countries, product categories, and applications.
•Segmentation Insights: Identify and classify subsegments within the automated blood collection market for a structured understanding.
•Key Players Overview: Analyze major players in the automated blood collection market, including their market value, share, and competitive positioning.
•Growth Trends Exploration: Assess individual growth patterns and future opportunities in the automated blood collection market.
•Segment Contributions: Evaluate how different segments drive overall growth in the automated blood collection market.
•Growth Factors: Highlight key drivers and opportunities influencing the expansion of the automated blood collection market.
•Industry Challenges: Identify potential risks and obstacles affecting the automated blood collection market.
•Competitive Landscape: Review strategic developments in the automated blood collection market, including expansions, agreements, and new product launches.
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