Emerging Trends to Drive Blood Collection, Processing, Management Devices Market Growth at 7.7% CAGR Through 2029

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Blood Collection, Processing, Management Devices Market Size Growth Forecast: What to Expect by 2025?
The market size for blood collection, processing, and management devices has seen substantial growth in the recent past. The market, which was valued at $3.79 billion in 2024, is projected to rise to $4.09 billion in 2025, growing at a compound annual growth rate (CAGR) of 8.0%. This significant rise during the historical period can be linked to an increased prevalence of chronic illnesses, advancements in the creation of automated and safer devices for blood collection and processing, the enforcement of strict rules and standards regarding blood collection, an escalating need for quick diagnostic tests, as well as the growing demand for point-of-care testing.

How Will the Blood Collection, Processing, Management Devices Market Size Evolve and Grow by 2029?
Projected robust growth is anticipated in the blood collection, processing, and management devices market in the upcoming years, with an expected valuation reaching $5.51 billion by 2029, registering a compound annual growth rate of 7.7%. This upsurge during the projection period can be accredited to factors such as an increasing elderly population, higher frequency of surgeries and medical procedures, emphasis on patient protection and comfort, an increase in awareness and education, and tougher regulations for blood collection. Key trends expected to arise during this period include the use of automation and robotics, the manufacturing of smaller, portable devices, advancements in needle technologies, digital health platforms integration, and the inclusion of wireless technology.

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What Drivers Are Propelling the Growth of Blood Collection, Processing, Management Devices Market Forward?
With the escalating consciousness and need for blood donations, the blood collection, processing, and management devices market is predicted to expand. Several intertwining factors are fuelling this rise, such as the evolution in medicinal treatments, accidents and emergencies, and the escalated requirement for blood transfusions owing to the complex procedures and treatments for chronic ailments, especially in the elderly population. Blood collection, processing, and management devices play a vital role in bolstering the blood donation sector. These devices simplify the entire ordeal, ensuring donor recruitment to the supply of blood components to patients is safeguarded, effective, and trustworthy. For example, as per Statistics Poland 2022 data, blood donors accounted for 1,302.9 thousand outright blood donations, marking a surge of 41.9 thousand donations from 2021. Thus, the surging consciousness and requirement for blood contributions are expected to spur the blood collection, processing, and management devices market's growth.

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Which Emerging Trends Are Transforming the Blood Collection, Processing, Management Devices Market in 2025?
Major firms within the blood collection, processing, and management devices market are initiating cutting-edge products employing advanced technologies like the RightGauge Technology. This technology works to increase accuracy and efficiency in collecting blood samples. RightGauge Technology provides a fresh aspect to blood sampling by ensuring exact needle positioning, thereby reducing the pain for patients. For instance, Becton, Dickinson and Company (BD), an American medical technology company, launched the BD Vacutainer UltraTouch Push Button Blood Collection Set in India in March 2024. The ground-breaking tool uses RightGauge technology to feature a finer needle for maintaining steady blood flow, causing less discomfort to the patients. The device also includes a push-button feature for retracting needles after collection, increasing the level of safety for healthcare workers.

What Are the Key Segments in the Blood Collection, Processing, Management Devices Market?
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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Who Are the Key Players Shaping the Blood Collection, Processing, Management Devices Market's Competitive Landscape?
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

What Geographic Markets Are Powering Growth 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.

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