The global automated blood collection market size was USD 1.08 Billion in 2021 and is expected to register a revenue CAGR of 7.1% during the forecast period, according to latest analysis by Emergen Research.
The global automated blood collection market size was USD 1.08 Billion in 2021 and is expected to register a revenue CAGR of 7.1% during the forecast period, according to latest analysis by Emergen Research. The global automated blood collection market is expected to grow significantly over the forecast period, owing to the increasing number of accidents and trauma cases worldwide. Moreover, the rising prevalence of chronic diseases such as cancer and diabetes is anticipated to contribute to the growth of this market. Furthermore, the growing geriatric population is also one of the major drivers for this market. Additionally, the technological advancements in blood collection devices and the increasing number of government initiatives to promote automated blood collection are also driving the growth of this market.
Other factors driving the growth of the market are the increasing number of clinical trials, rising prevalence of chronic diseases, and growing demand for blood products. However, the high cost of automated blood collection systems and the risk of infection associated with their use are expected to restraint the market growth.
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Spread of infectious diseases, hospital-acquired infections, and outbreaks of epidemics have resulted in an increased demand for blood collection devices. Furthermore, rise in number of accidents & trauma cases requiring immediate blood transfusion and growing number of surgical procedures are projected to propel the automated blood collection market growth during the forecast period.
Automated blood collection is a process where blood is drawn from a vein using an automated machine. This process is often used for patients who require frequent blood tests or for those who have difficulty getting their blood drawn manually. Automated blood collection can also be used to collect larger volumes of blood for research purposes.
Some Key Highlights From the Report
- The venipuncture sampling segment accounted for a moderate revenue share in 2021 due to the rising preference for automated blood collection systems among hospitals and diagnostic centers to minimize the chances of infection. The segment is expected to grow at a high CAGR during the forecast period.
- The therapeutic treatment segment accounted for a significant revenue share in 2021 due to the rising prevalence of chronic diseases and the associated increase in demand for blood transfusions. On the other hand, the diagnostic segment is expected to grow at a rapid pace over the forecast period on account of increasing blood donation drives by various NGOs and government initiatives to improve blood collection.
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- The Asia Pacific market is expected to emerge as a major revenue generating region over the forecast period due to the availability of cost-effective automation technologies in countries such as India, China, and Japan.
- The Europe market accounted for a moderate revenue share in 2021 due to the adoption of minimally invasive surgical procedures. However, the market in the region is anticipated to grow at a rapid pace during the forecast period due to high healthcare expenditure, growing awareness regarding early disease diagnosis and treatment, and increasing preference for home care among patients.
- In terms of procedure volume, North America is expected to be the largest market for automated blood collection during the forecast period. The region is expected to be driven by the presence of a large number of key players in the region, high healthcare expenditure, and increasing awareness regarding early disease diagnosis and treatment.
- Asia Pacific is expected to be the fastest-growing market for automated blood collection during the forecast period. The market in the region is primarily driven by factors such as the increasing number of hospitals and diagnostic centers, rising awareness regarding early disease diagnosis and treatment, and favorable government initiatives.
- Some major companies in the global market report include Becton Dickinson and Company, Terumo BCT, Inc., Grifols S.A, Quest Diagnostics Incorporated, Haemonetics Corporation, Greiner Holding AG, Beckman Coulter, Inc., Fresenius Kabi AG., and QIAGEN.
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Emergen Research has segmented the global automated blood collection market based on type, product type, application, and region:
- Type Outlook (Revenue, USD Billion; 2019-2030)
- Arterial Sampling
- Venipuncture Sampling
- Fingerstick Sampling
- Product Type Outlook (Revenue, USD Billion; 2019-2030)
- Needles & Syringes
- Blood Collection Tubes
- Blood Bags
- Instruments
- Others
- Application Outlook (Revenue, USD Billion; 2019-2030)
- Diagnostics
- Therapeutic Treatments
- End-Use Outlook (Revenue, USD Billion; 2019-2030)
- Hospitals
- Diagnostic Centers
- Pathology Laboratories
- Others
- Regional Outlook (Revenue, USD Billion; 2019-2030)
- North America
- U.S.
- Canada
- Mexico
- Europe
- Germany
- France
- UK
- Italy
- Spain
- Benelux
- Rest of Europe
- Asia Pacific
- China
- India
- Japan
- South Korea
- Rest of APAC
- Latin America
- Brazil
- Rest of LATAM
- Middle East & Africa
- Saudi Arabia
- UAE
- South Africa
- Turkey
- Rest of Middle East & Africa
- North America
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