Blood collection plays a crucial role in healthcare, with applications in various medical settings. It is used to obtain blood samples for diagnostic testing, blood donation, and therapeutic purposes. Features of blood collection include sterile needles, vacutainers, and safety devices for safe and efficient collection. The uses range from disease diagnosis to monitoring treatment progress, assessing overall health, and conducting research. Blood collection is fundamental to medical practice, enabling healthcare professionals to make accurate diagnoses and provide appropriate treatments for patients.
According to Data Bridge Market Research, the Global Blood Collection Market is expected to grow with a CAGR of 6.8% in the forecast period of 2022 to 2029.
“Rising number of accidents boosts the market’s growth”
The blood collection market is experiencing growth due to a rising number of accidents. Accidents often result in injuries that require immediate medical attention, including blood transfusions and testing. This increased demand for blood collection products, such as blood collection tubes and needles, drives the market's expansion. Additionally, advancements in emergency medical services and trauma care have increased the survival rate of accident victims, further contributing to the demand for blood collection and related healthcare services.
What restraints the growth of the global blood collection market?
“Complexities of storage and shipping restraints the market’s growth”
The complexities of storage and shipping restrain the blood collection market's growth. Blood collection products, such as blood collection tubes and bags, require specific storage conditions to maintain their integrity and prevent contamination. Ensuring proper temperature control during transportation is crucial to avoid spoilage and maintain product quality. These challenges can increase operational costs and logistics efforts for manufacturers and healthcare providers, potentially limiting market growth and hindering the efficient distribution of blood collection products.
Segmentation: Global Blood Collection Market
The global blood collection market is segmented on the basis of product, method, application, and end-user.
- On the basis of product, the blood collection market is segmented into serum tube, plasma tube, EDTA, heparin, coagulation, glucose, needle, lancet, ESR, syringe, and blood bag.
- On the basis of method, the blood collection market is segmented into manual and automated.
- On the basis of application, the blood collection market is segmented into diagnostics and treatment.
- On the basis of end-user, the blood collection market is segmented into hospital, blood bank center, academics, and home care.
Regional Insights: North America dominates the Global Blood Collection Market
North America dominates the market due to the rising prevalence of lifestyle diseases and increasing incidence of blood disorders. This creates a higher demand for blood testing and diagnostics. Additionally, the presence of major manufacturers in the region ensures a steady supply of blood collection products, further supporting market growth.
Asia-Pacific is expected to show a rapid and lucrative growth rate in the forecast period due to increasing obesity and diabetes patient populations. This results in a higher demand for health checkups, including blood testing. Moreover, the region is experiencing improved healthcare facilities, enhancing access to blood collection services and driving market expansion.
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The Prominent Key Players Operating in the Global Blood Collection Market Include:
- Abbott (U.S.)
- Medtronic (U.S.)
- BD (U.S.)
- Terumo Corporation (Japan)
- NIPRO (Japan)
- QIAGEN (Germany)
- Diagmed Healthcare (India)
- TERUMO BCT, INC. (U.S.)
- Fresenius Kabi AG (Germany)
- 3M (U.S.)
- Koninklijke Philips N.V. (Netherlands)
- Smith+Nephew (U.K.)
- ConvaTec Inc. (U.S.)
- Baxter (U.S.)
- B. Braun Melsungen AG (Germany)
- Merit Medical Systems (U.S.)
- Grifols, S.A (Spain)
- Micsafe SARSTEDT AG & Co. KG (Germany)
- Retractable Technologies, Inc. (U.S.)
- FL MEDICAL s.r.l. (Italy)
- AB Medical Academy (U.K.)
Above are the key players covered in the report, to know about more and exhaustive list of global blood collection market companies contact, https://www.databridgemarketresearch.com/contact
Research Methodology: Global Blood Collection Market
Data collection and base year analysis are done using data collection modules with large sample sizes. The market data is analyzed and estimated using market statistical and coherent models. In addition, market share analysis and key trend analysis are the major success factors in the market report. The key research methodology used by DBMR research team is data triangulation which involves data mining, analysis of the impact of data variables on the market, and primary (industry expert) validation. Apart from this, data models include Vendor Positioning Grid, Market Time Line Analysis, Market Overview and Guide, Company Positioning Grid, Company Market Share Analysis, Standards of Measurement, Global vs Regional and Vendor Share Analysis. Please request analyst call in case of further inquiry.