Future of the Blood Collection Devices Market: Trends, Innovations, and Key Forecasts Through 2034

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Blood Collection Devices Market Size Growth Forecast: What to Expect by 2025?
The market size for blood collection devices has seen robust growth in the past few years. The market is projected to increase from $7.95 billion in 2024 to $8.48 billion in 2025, experiencing a compound annual growth rate (CAGR) of 6.7%. Factors contributing to growth in the historical period include the rise in blood-related disorders, improvements in healthcare infrastructure, an aging population, and government actions and laws.

How Will the Blood Collection Devices Market Size Evolve and Grow by 2029?
Expectations indicate a robust expansion for the blood collection devices market in the coming years, with a projected growth to $11.95 billion by 2029, reflecting a compound annual growth rate (CAGR) of 8.9%. Factors contributing to this expected growth during the forecast period are higher spending on healthcare, an increasing focus on personalized medicine and diagnostic testing, an uptick in research and development activities, and a rise in infectious diseases. The future trends of this market during the forecast period point towards minimally invasive methods, remote blood collection services, automation/robotics, advanced blood collection kits, partnerships, and collaborations.

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What Drivers Are Propelling the Growth of Blood Collection Devices Market Forward?
The surge in infectious diseases incidences is propelling the expansion of the blood collection devices market. These disorders, caused by bacteria, viruses, fungi, or parasites include illnesses like hepatitis B (HBV), hepatitis C (HCV), human immunodeficiency virus (HIV), malaria, syphilis, and brucellosis. Such ailments are often diagnosed through blood collection and sampling. As infectious diseases prevalence continues to rise, a corresponding surge in diagnostic activities is projected to enhance the use of blood collection devices. For example, in August 2024, a report from the UK Health Security Agency - a UK government entity, showed that by December 31, 2022, the UK had registered 3,732 confirmed mpox cases predominantly in England. By May 31, 2023, there were an additional 21 cases mostly in England and including one in Scotland. Consequently, this rise in infectious diseases occurrence is set to stimulate the demand for blood collection devices in the future.

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What Are the Key Trends Driving Blood Collection Devices Market Growth?
The progression of technology is a vital trend being observed in the blood collection devices market. Various companies in this market space are creating novel products or innovative technologies to cater to the rapidly escalating industry needs and expand their global business footprint. The hi-tech products these firms develop aim to enhance customer ease and offer superior safety features. For instance, Owen Mumford, a firm specializing in the design and manufacture of medical devices, launched a novel venous blood collection portfolio in April 2022 under their Unistik brand. This fresh portfolio leverages the company's experience and background in capillary blood sampling to present a range of venous tools that prioritize patient security, comfort, and quality. The Unistik ShieldLock Ultra integrates a one-handed and vein-activated safety system to minimize NSI risks. This device features a special safety mechanism that, once triggered, seals the tube connecting the needle and the Luer to prevent blood exposure following the removal of the needle from the vein.

What Are the Key Segments in the Blood Collection Devices Market?
The blood collection devices market covered in this report is segmented -

1) By Type: Blood Collection Tubes, Lancet, Micro Container Tubes, Warming Devices
2) By Method: Manual Blood Collection, Automatic Blood Collection
3) By Material: Glass, Stainless Steel, Plastic
4) By End User: Hospitals, Blood Donation Centers, Diagnostic Center, Other End Users

Subsegments:
1) By Blood Collection Tubes: Vacuum Blood Collection Tubes, Serum Separator Tubes, EDTA Tubes
2) By Lancet: Safety Lancets, Manual Lancets, Automatic Lancets
3) By Micro Container Tubes: Capillary Tubes, Microtainer Tubes, Hematocrit Tubes
4) By Warming Devices: Blood Warming Devices, Temperature Regulation Units, Infusion Warming Devices

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Who Are the Key Players Shaping the Blood Collection Devices Market's Competitive Landscape?
Major companies operating in the blood collection devices market include 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

What Geographic Markets Are Powering Growth in the Blood Collection Devices Market?
North America was the largest region in the blood collection devices market in 2024. The Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in the blood collection devices market report include Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East and Africa.

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