Rising prevalence of chronic and infectious diseases, increasing public awareness about importance of blood donation and regular health checkups, and rising number of organ transplantations are key factors expected to drive global market growth.
Rising prevalence of chronic and infectious diseases, increasing public awareness about importance of blood donation and regular health checkups, and rising number of organ transplantations are key factors expected to drive global market growth
According to Emergen Research, the global blood collection market size was USD 4.79 billion in 2020 and is expected to reach USD 7.58 billion in 2028 and register a steady CAGR of 5.8% during the forecast period, 2021-2028.
Market Dynamics:
Blood collection is a process that involves removal of blood from a person’s body that can be used to perform laboratory tests or donate blood. Blood plays an important role in understanding, preventing, and treating disease. Arterial, venipuncture, and fingerstick are the three most popular and widely used blood collection methods. Over the recent years, technological advancements in blood collection systems have resulted in emergence of different types of blood collecting tubes, needles & syringes, blood bags, manual and automated blood collection systems/monitors, and lancets that are easily available in the market under various brand names.
Request Free Sample Copy (To Understand the Complete Structure of this Report [Summary + TOC]) @ https://www.emergenresearch.com/request-sample/679
Factors such as rapidly expanding global population, constant need for blood in hospitals, nursing homes, and ambulatory care centers, increasing incidence of blood disorders, road accidents and trauma cases worldwide, and increasing number of surgeries are expected to drive global market revenue growth. In addition, government initiatives to promote blood donation, increasing demand for advanced systems for collecting and storing blood, growing inclination towards liquid biopsy tests, and rising number of product approvals are expected to fuel global market growth going ahead. However, high costs of automated blood collection devices, inaccessibility to latest blood collection systems due to budget constraints in small to medium hospitals, especially in developing countries, and rising concerns about whole blood storage and shipping are some key factors that can hamper market growth to a certain extent during the forecast period.
COVID-19 Impact Analysis
- Social distancing and restrictions severely disrupted businesses and operations
- Lockdowns caused disruptions in transportation and logistics
- Impacted manufacturing activities and mining operations globally
- Took a toll on economy of various countries
- Caused sudden and drastic downturn in economic activity
- Disrupted agriculture, fisheries, dairy, and other sectors
- Caused loss of employment and financial crisis
- Supply impacts were further compounded owing to reduced disposable income
- Emergence of variants continue to cause concerns and impact normal routines
Automated Segment To Register Rapid Revenue CAGR:
The automated segment revenue is expected to expand at a rapid CAGR over the forecast period. Revenue growth can be attributed to constant need for blood due to increasing road accidents, surgeries, and emergencies, improving overall healthcare infrastructure, and growing demand for automated blood collection devices for better traceability, efficiency and reduction in manual documentation.
Browse Full Report Description + Research Methodology + Table of Content + Infographics@ https://www.emergenresearch.com/industry-report/blood-collection-market
Hospitals and Nursing Homes Segment to Account for Largest Revenue Share:
The hospitals and nursing homes segment is expected to account for largest revenue share between 2021 and 2028. High number of patient admissions for surgeries, organ donations, trauma, and emergencies, increasing number of diagnostic & screening tests, and availability of advanced blood collection systems and devices in medium to large hospitals and nursing homes are some key factors expected to drive revenue growth of the segment during the forecast period.
North America to Lead In Terms of Revenue Share:
North America is expected to account for largest revenue share in the global market during the forecast period attributable to increasing prevalence of chronic disorders and infectious diseases, rising cases of trauma and road accidents, rising shortage of blood in hospitals, and technological advancements in blood collection devices. Other factors such as presence of well-developed healthcare facilities and research centers, rising number of product approvals, and increasing awareness about importance of blood donation are expected to fuel market growth in North America during the forecast period.
Major Companies in the Market Include:
- Becton, Dickinson and Company
- Haematonics
- Terumo BCT
- Fresenius Kabi AG
- Grifols
- Nipro Medical Corporation
- Quest Diagnostics
- SARSTEDT AG & Co.
- Macopharma
- Smiths Medical
We are Offering Limited Time Discount (Grab your Copy Now) @ https://www.emergenresearch.com/request-discount/679
For the purpose of this report, Emergen Research has segmented the global blood collection market based on product, method, application, end-use, and region:
Product Outlook (Revenue, USD Billion; 2018–2028)
- Needles
- Tubes
- Blood Bags
- Monitors
- Others
Method Outlook (Revenue, USD Billion; 2018–2028)
- Automated
- Manual
Application Outlook (Revenue, USD Billion; 2018–2028)
- Therapeutic
- Diagnostics
End-Use Outlook (Revenue, USD Billion; 2018–2028)
- Hospital and Nursing Home
- Diagnostic & Pathology Laboratories
- Blood Banks
- Others
Regional Outlook (Revenue, USD Billion; 2018–2028)
- North America
- U.S.
- Canada
- Mexico
- Europe
- Germany
- France
- U.K.
- BENELUX
- Italy
- Rest of Europe
- Asia Pacific
- China
- India
- Japan
- South Korea
- Rest of APAC
- Latin America
- Brazil
- Rest of LATAM
- Middle East & Africa
- Saudi Arabia
- U.A.E.
- South Africa
- Turkey
- Rest of MEA
Let us Know Your Custom Requirements for this Report [Customization Available]@ https://www.emergenresearch.com/request-for-customization/679
Other Reports From Emergen Research Ever-growing Database:
High Precision Asphere Market Size, Share, Trends, By Product Type (Glass Aspherical Lens, Plastic Aspherical Lens), By Application (Automotive, Cameras, Mobile Phones and Tabs, Optical Instrument, Others), and By Region Forecast to 2028.
Camouflage Coatings Market By Product Type (Liquid Coating, Spray Coating, Others), By Application (Defense, Textile, Aircrafts, Others), and By Region Forecast to 2028.
Bio isobutene market By Product Type (Methyl Tert-butyl Ether, Ethyl Tert-butyl Ether), By Application (Automotive, Aerospace, Antioxidants, Pharmaceuticals), and By Region Forecast to 2028.
Lead free Piezoelectric Ceramic Material Market By Product Type (Barium Titanate Base, Bismuth Titanate Sodium Group, Niobium Acid-Base, Others), By Application (Industry & Manufacturing, Automotive Industry, Consumer Electronics, Medical, Others), and By Region Forecast to 2030.
Cool Roof Coating Market By Technology (Water Based, Solvent Based), By Application (Low-sloped, Steep-sloped, Others), By Product (IR Reflective/Colored, Elastomeric/White), By End-use, and By Region Forecast to 2028.
Green Methanol Market Size, Share, Trends, By Feedstock (Agricultural Waste, Forestry Residues, Municipal Solid Waste, CO2 Emission, Others), By Application (Formaldehyde, Methyl-Tert-Butyl-Ether, Others), By End-Use, and By Region Forecast to 2030.
Bisphenol A Market, By Application (Epoxy Resins, Polycarbonate Resins, Unsaturated Polyester Resins, Flame Retardants, Polysulfone Resins, Polyacrylate), By Industry Vertical (Automotive, Electronics, Medical, Paints & Coatings, Packaging), By Distribution Channel (Direct, Indirect), and By Region Forecast to 2028
About Emergen Research
Emergen Research is a market research and consulting company that provides syndicated research reports, customized research reports, and consulting services. Our solutions purely focus on your purpose to locate, target, and analyze consumer behavior shifts across demographics, across industries, and help clients make smarter business decisions. We offer market intelligence studies ensuring relevant and fact-based research across multiple industries, including Healthcare, Touch Points, Chemicals, Types, and Energy. We consistently update our research offerings to ensure our clients are aware of the latest trend’s existent in the market. Emergen Research has a strong base of experienced analysts from varied areas of expertise. Our industry experience and ability to develop a concrete solution to any research problems provides our clients with the ability to secure an edge over their respective competitors.
Contact Us:
Eric Lee
Corporate Sales Specialist
Emergen Research | Web: www.emergenresearch.com
Direct Line: +1 (604) 757-9756
E-mail: sales@emergenresearch.com
Visit for More Insights: https://www.emergenresearch.com/insights
Explore Our Custom Intelligence services | Growth Consulting Services
Press Release Available @ https://www.emergenresearch.com/press-release/global-blood-collection-market