Blood Collection Market Strategic Insights and key Business Influencing Factors

 

The global blood collection market is expected to exhibit a robust 6.1% CAGR over the forecast period from 2017 to 2023, according to the latest research report from Market Research Future (MRFR).

Competitive Analysis:

Leading players in the global blood collection market include Sarstedt AG & Co., HTL-STREFA S.A., Thermo Fisher Scientific Inc., B. Braun Melsungen AG, Grifols, Greiner Holding, F.L. Medical, Kawasumi Laboratories, Nipro Medical, Fresenius, Haemonetics, Terumo, Medtronic, and BD.

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Segmentation:

The global blood collection market has been segmented on the basis of type of blood collection, product, method, end user, and region.

By type, the global blood collection market is segmented into capillary blood collection, venous blood collection, and vacuum blood collection.

By product, the global blood collection market is segmented into blood collection devices, blood collection tubes and collectors, needles and syringes, warming devices, blood bags, lancets, and others. The blood collection tubes and collectors segment is further sub-segmented into serum collection and plasma or whole blood collection. The latter is further sub-segmented into EDTA tubes, heparin tubes, coagulation tubes, glucose tubes, and ESR tubes.

By method, the global blood collection market is segmented into automated and manual blood collection.

By end use, the global blood collection market is segmented into hospitals and clinics, diagnostic centers and pathology laboratories, home diagnostics, blood banks, and others. The hospitals and clinics segment is expected to remain the leader in the global blood collection market over the forecast period.

Regional Analysis:

North America is likely to dominate the global blood collection market over the forecast period due to the growing awareness about the importance of fresh blood collection equipment, the importance of disposability in the field of blood collection equipment, and the increasing presence of leading players in the healthcare sector. North America is a major market for blood banks and research organizations, leading to a growing demand for blood collection devices and technology. The growing demand for diagnostic studies into finding out the root causes of various diseases is likely to be a major driver for the blood collection market in North America over the forecast period. Medical research projects are likely to account for a major chunk of the blood collection market in North America over the forecast period. Increasing prevalence of hematological diseases is also likely to be a major driver for the blood collection market in North America over the forecast period.

The Asia Pacific market for blood collection devices is likely to exhibit robust growth over the forecast period due to the growing demand for blood collection in diagnostic applications. Growing awareness regarding the importance of the sterility of blood collection devices is likely to be a major driver for the blood collection market in Asia Pacific over the forecast period. Increasing healthcare expenditure from governments in Asia Pacific is also likely to be a major driver for the blood collection market in Asia Pacific over the forecast period. The increasing presence of diagnostic research institutions in Asia Pacific and the growing application of top-notch medical safety norms in medical institutions in the region are likely to be the major drivers for the blood collection market in Asia Pacific. The increasing popularity of blood banks in Asia Pacific is also likely to be a major driver for the blood collection market over the forecast period. Increasing awareness regarding the requirements of blood banks and the increasing government support to blood banks in the region are likely to remain among the leading drivers for the blood collection market in Asia Pacific over the forecast period.

Europe is also likely to account significantly in the global blood collection devices market due to the growing presence of blood banks, the increasing government support to the healthcare sector, and the increasing importance of blood testing in diagnostic processes.

Latin America and the Middle East and Africa are not likely to account for major shares in the global blood collection market over the forecast period, as the low income of governments in these regions has held back meaningful progress in the healthcare sector.

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