Blood Collection Market to Achieve a Revenue Earning of US$ 9.8 Billion by the Completion of 2022

The global blood collection market is prophesied to ride on the growing awareness about blood donation through various government initiatives. This could eventually up the demand for blood collection products, and thereby produce quality business opportunities in the market. Besides manual blood collection, other methods such as automatic collection of blood are expected to be widely available across the world. Players looking to penetrate in the market could take advantage of such advancements in the industry.

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The report offered herewith is expected to help vendors deal with unseen challenges and plan powerful strategies to sustain their growth in the global blood collection market. Each section of the report is aimed toward providing profound and comprehensive information about the market. Inputs from industry experts and other professionals possessing sound knowledge about the nature and dynamics of the market are taken into consideration to present a valuable collection of market data.

The world blood collection market is prognosticated to be boosted for attaining an enduring growth in the coming years due to the surging count of surgical procedures performed globally. Another factor that could be deemed important for the growth of the market is the increase in the number of accidents and trauma incidences. The demand for blood collection could be hampered by risks associated with blood transfusion, mostly in underdeveloped nations. However, there are several awareness plans and campaigns conducted by governments and foreign entities to tackle this issue.

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Moreover, improving healthcare infrastructure and the mandate of hiring responsible and qualified healthcare professionals could create favorable prospects in the world blood collection market.

The international blood collection market is predicted to be segmented as per three categories, i.e. product, end user, and application. In terms of segmentation by product, the market could be encouraged for more growth due to the larger share earned by blood collection needles and syringes. In 2017, this segment collected a revenue of US$2.4 bn. However, there could be more products such as vials, blood bags, blood lancets, blood collection tubes, and others creating opportunities in the market. By end user, the market is anticipated to be divided into hospitals and diagnostic centers, blood banks, and other end users. In terms of application, there could be segments such as diagnostics and treatment showing face in the market.

On the basis of region, North America is predicted to take the lead in the international blood collection market while growing at a 4.9% CAGR between 2017 and 2022. Asia Pacific except Japan (APEJ) could be a faster growing segment, whereas the Middle East and Africa (MEA) and Japan are expected to showcase a lackluster growth. Other regions such as Latin America and Europe could also make their contribution in the market.

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The worldwide blood collection market could be marked by leading companies such as Abbott Laboratories, Inc., Medtronic Plc., Becton, Dickinson and Company, Terumo Corporation, Nipro Corporation, QIAGEN N.V., F.L. Medical SRL, Greiner Holding AG, Haemonetics Corporation, and Sarstedt AG & Co. The report offers a detailed study of some of the top-level players operating in the market.

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