Blood Collection, Processing, Management Devices Market: Major Trends Reshaping the Future of the Industry

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What Will the Blood Collection, Processing, Management Devices Industry Market Size Be by 2025?
The industry for blood collection, processing, and management devices has seen substantial growth in recent times. The sector, valued at $3.79 billion in 2024, is predicted to escalate to $4.06 billion in 2025, marking a compound annual growth rate (CAGR) of 7.2%. This significant growth during the historical period can be linked to various factors such as the escalating prevalence of chronic diseases, advancements in automated and safer blood collection and processing devices, the enforcement of rigorous regulations and standards for blood collection, the rising need for quick diagnostic tests, and the increasing demand for point-of-care testing.

What's the Long-Term Growth Forecast for the Blood Collection, Processing, Management Devices Market Size Through 2029?
In the upcoming years, the market size for blood collection, processing, and management devices is projected to witness robust growth. It is estimated to reach $5.37 billion by 2029, expanding at a compound annual growth rate (CAGR) of 7.2%. Factors contributing to this growth during the forecast period include an aging population, increased occurrences of surgeries and medical procedures, emphasis on patient comfort and safety, heightened awareness and education, and rigorous regulatory standards for blood collection. The market's key trends for this forecast period are expected to be the use of automation and robotics, the evolution of smaller, more portable devices, improved needle technologies, integration with digital health platforms, and the incorporation of wireless technology.

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What Are the Key Growth Drivers Fueling the Blood Collection, Processing, Management Devices Market Expansion?
The escalating cognizance and demand for blood donation are anticipated to drive the advancement of the blood collection, processing, and management devices market. Multiple connected factors, such as advancements in medical treatments, accidents, emergencies, and the requirement for blood transfusions due to increasingly complex procedures and therapies for chronic illnesses, particularly in older populations, all contribute to the growing awareness and need for blood donations. Blood collection, processing, and management devices are essential for bolstering the blood donation sector, streamlining the complete process and ensuring safety, efficiency, and reliability from donor enlistment to the delivery of blood products to patients. For example, Statistics Poland reported that in 2022, blood donors made 1,302.9 thousand whole blood donations, which amounts to 41.9 thousand more donations than in 2021. Consequently, the amplified awareness and demand for blood donations are set to influence the blood collection, processing, and management device market positively.

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Which Fast-Growing Trends Are Poised to Disrupt the Blood Collection, Processing, Management Devices Market?
Leading businesses in the blood collection, processing, and management devices market are pioneering the development of innovative products using cutting-edge technologies, such as RightGauge technology, to optimize accuracy and efficiency in the process of blood collection. RightGauge technology offers an inventive solution for blood collection, enabling accurate needle positioning and reducing discomfort in patients. For example, Becton, dic*kinson and Company (BD), a medical technology firm based in the US, unveiled the BD Vacutainer UltraTouch Push Button Blood Collection Set in India in March 2024. This groundbreaking device, which uses BD RightGauge technology, uses a more slender needle to ensure uninterrupted blood flow, consequently lessening discomfort for patients. The device is equipped with a push-button that retracts the needle after collection, improving safety measures for healthcare workers.

How Is the Blood Collection, Processing, Management Devices Market Segmented?
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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Which Companies Are Leading the Charge in Blood Collection, Processing, Management Devices Market Innovation?
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, dic*kinson 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 Regions Are Leading the Global Blood Collection, Processing, Management Devices Market in Revenue?
North America was the largest region in the blood collection, processing, management devices market in 2024. 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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