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Blood Collection Market Size, Share Global Analysis Report, 2022 – 2028
Blood Collection Market By Product (Blood Collection Tubes, System Type, Needles & Syringes, Blood Bags, Blood Collection Systems/Monitors, Lancets), By Application (Diagnostics, Therapeutics), By Method (Manual Blood Collection, Automated Blood Collection), By End-User (Hospitals, Ambulatory Surgical Centers & Nursing Homes, Diagnostic & Pathology Laboratories, Blood Banks, Others), and By Region - Global Industry Insights, Growth, Size, Share, Comparative Analysis, Trends and Forecast 2022 – 2028
Industry Insights
[210+ Pages Report] According to Facts and Factors, the global blood collection market was valued at USD 5.09 billion in 2021 and is predicted to increase at a CAGR of 5.07% to USD 7.01 billion by 2028. The study examines the market in terms of revenue in each of the major regions, which are classified into countries. The report analyses the global blood collection market’s drivers and restraints, as well as the impact they have on demand throughout the projection period. In addition, the report examines global opportunities in the blood collection market.
Market Overview
The procedure of getting blood from a donor for transfusion or medical testing is known as blood collection. It is also referred to as blood donation. Venipuncture, capillary phlebotomy, and artery puncture are the three most frequent procedures for collecting blood. The most common method of blood collection is venipuncture. Blood is pulled up into the syringe after a needle and syringe are placed into a vein in the arm. During the analysis period, there will be an increase in the number of accidents and trauma cases all across the world, creating profitable growth potential.
Growth Drivers
The rising prevalence of infectious diseases such as hepatitis, HIV, tuberculosis, and human papillomavirus (HPV), among others, would increase the demand for blood collection goods. Furthermore, the increased frequency of lifestyle disorders around the world boosts the demand for sample collection tubes, bags, and vials, among other things. Because blood tests are one of the key techniques of diagnosis for the aforementioned disorders, an increase in the prevalence of these ailments will improve the overall growth of the blood collection sector. Furthermore, government attempts to raise awareness about blood donation are projected to enhance the demand for blood collection products.
Capital investments in automated blood collection utilizing apheresis systems are quite significant for blood banks when compared to the whole-blood collection. The cost of therapeutic apheresis is also quite significant, as it includes the cost of disposables. Adoption of these automated blood collection items is quite limited in comparison to manual blood collection systems in countries such as China and India due to their expensive pricing. This is limiting the market's overall growth in blood collection devices.
COVID – 19 Impact
The COVID-19 outbreak is a historic worldwide public health threat that is projected to have a substantial impact on the blood collection device market. In general, both hospital and independent laboratories assess each test to determine whether to recommend discussions with laboratory hematologists for tests with a higher risk profile or to not offer tests that could not be conducted safely. This had a negative impact on the market during the first few months of the epidemic, limiting the utilization of blood collection instruments.
However, rising vigilance and testing volumes, as well as the requirement for frequent health and body examinations, will ensure market growth in the future. For the general population, results now take an average of four to six days, which is substantially longer than the two to three days necessary previously. This is due to the fact that testing for hospital patients and symptomatic healthcare professionals are prioritized and take an average of one day, resulting in a delayed cycle. While it has had an impact on market growth to some extent, the situation is projected to improve.
Segmentation Analysis Analysis
The global Blood Collection Market is segregated based on Product, Application, Method, and End User.
In terms of Products, needles and syringes are expected to account for a sizable market share. The quick diagnosis of COVID-19 cases necessitates the widespread availability of diagnostics in order to restrict the virus's rapid spread. A public health emergency was declared, justifying the emergency use of in vitro diagnostics (IVDs) for the detection of COVID-19, which eventually promotes the global blood testing market growth. As a result, the needles and syringes segment is predicted to increase at a strong rate over the forecast period. The most common method of blood sampling is with hypodermic needles and syringes. As a result of their widespread use, blood collection needles and syringes are likely to dominate the market.
In terms of end-users, the hospital industry is expected to expand dramatically in the next years. The availability of blood collection products to serve a bigger population while providing optimal patient comfort will increase demand for these goods in hospital settings. Furthermore, hospitals provide an effective diagnosis in the presence of a skilled healthcare team, which will boost segmental growth.
Report Scope
Report Attribute |
Details |
Market Size in 2021 |
USD 5.09 Billion |
Projected Market Size in 2028 |
USD 7.01 Billion |
CAGR Growth Rate |
5.07% CAGR |
Base Year |
2021 |
Forecast Years |
2022-2028 |
Key Market Players |
Becton, Dickinson and Company (US), Haematonics (US), Terumo BCT (US), Fresenius Kabi AG (Germany), Grifols, S.A. (Spain), Nipro Medical Corporation (Japan), Greiner Holding (Austria), Quest Diagnostics (US), SARSTEDT AG & Co. (Germany), Macopharma (France), Smiths Medical (US), Cardinal Health (US), Retractable Technologies (US), Liuyang Sanli Medical Technology Development (China), F.L. Medical S.R.L (Italy), AB Medical (South Korea), APTCA SPA (Italy), Jiangsu Micsafe Medical Technology CO., LTD. (China), Disera Tibbi Malzeme Lojistik Sanayi Ve Ticaret A.Þ (Turkey), Ajosha Bio Teknik Pvt. Ltd. (India), PreQ Systems (India), CML Biotech (India), Lmb Technologie GmbH (Germany), Mitra Industries Private Limited (India), Neomedic Limited (UK), and Others |
Key Segment |
By Product, Application, Method, End-User, and Region |
Major Regions Covered |
North America, Europe, Asia Pacific, Latin America, and the Middle East & Africa |
Purchase Options |
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Regional Landscape
In terms of revenue share, North America dominated the global blood collection market in the forecast period. Some of the causes contributing to its big share include the availability of well-established healthcare facilities, a high acceptance rate for modern and new technology, and an increasing demand for blood donation. Furthermore, the region is seeing an increase in ailments that require quick medical attention, which is raising the demand for product consumption.
Furthermore, rising blood donation awareness will fuel regional market expansion during the projection period. The rising prevalence of chronic diseases as a result of unhealthy lifestyles, along with an increase in consumer spending power, will drive this business forward in the area during the forecast period.
Competitive Landscape
The report contains qualitative and quantitative research on the global blood collection market, as well as detailed insights and development strategies employed by the leading competitors. The report also provides an in-depth analysis of the market's main competitors, as well as information on their competitiveness. The research also identifies and analyses important business strategies used by these main market players, such as mergers and acquisitions (M&A), affiliations, collaborations, and contracts. The study examines, among other things, each company's global presence, competitors, service offers, and standards.
List of Key Players in the Global Blood Collection Market:
- Becton, Dickinson and Company (US)
- Haematonics (US)
- Terumo BCT (US)
- Fresenius Kabi AG (Germany)
- Grifols, S.A. (Spain)
- Nipro Medical Corporation (Japan)
- Greiner Holding (Austria)
- Quest Diagnostics (US)
- SARSTEDT AG & Co. (Germany)
- Macopharma (France)
- Smiths Medical (US)
- Cardinal Health (US)
- Retractable Technologies (US)
- Liuyang Sanli Medical Technology Development (China)
- F.L. Medical S.R.L (Italy)
- AB Medical (South Korea)
- APTCA SPA (Italy)
- Jiangsu Micsafe Medical Technology CO.
- LTD. (China)
- Disera Tibbi Malzeme Lojistik Sanayi Ve Ticaret A.Þ (Turkey)
- Ajosha Bio Teknik Pvt. Ltd. (India)
- PreQ Systems (India)
- CML Biotech (India)
- Lmb Technologie GmbH (Germany)
- Mitra Industries Private Limited (India)
- Neomedic Limited (UK)
The global blood collection market is segmented as follows:
By Product Segment Analysis
- Blood Collection Tubes
- System Type
- Needles & Syringes
- Blood Bags
- Blood Collection Systems/Monitors
- Lancets
By Application Segment Analysis
- Diagnostics
- Therapeutics
By Method Segment Analysis
- Manual Blood Collection
- Automated Blood Collection
By End-User Segment Analysis
- Hospitals,
- Ambulatory Surgical Centers & Nursing Homes
- Diagnostic & Pathology Laboratories
- Blood Banks
- Other End Users
By Regional Segment Analysis
- North America
- The U.S.
- Canada
- Mexico
- Europe
- France
- The UK
- Spain
- Germany
- Italy
- Nordic Countries
- Denmark
- Sweden
- Norway
- Benelux Union
- Belgium
- The Netherlands
- Luxembourg
- Rest of Europe
- Asia Pacific
- China
- Japan
- India
- Australia
- South Korea
- Southeast Asia
- Indonesia
- Thailand
- Malaysia
- Singapore
- Rest of Southeast Asia
- Rest of Asia Pacific
- The Middle East & Africa
- Saudi Arabia
- UAE
- Egypt
- South Africa
- Rest of the Middle East & Africa
- Latin America
- Brazil
- Argentina
- Rest of Latin America
Table of Content
Industry Major Market Players
- Becton, Dickinson and Company (US)
- Haematonics (US)
- Terumo BCT (US)
- Fresenius Kabi AG (Germany)
- Grifols, S.A. (Spain)
- Nipro Medical Corporation (Japan)
- Greiner Holding (Austria)
- Quest Diagnostics (US)
- SARSTEDT AG & Co. (Germany)
- Macopharma (France)
- Smiths Medical (US)
- Cardinal Health (US)
- Retractable Technologies (US)
- Liuyang Sanli Medical Technology Development (China)
- F.L. Medical S.R.L (Italy)
- AB Medical (South Korea)
- APTCA SPA (Italy)
- Jiangsu Micsafe Medical Technology CO.
- LTD. (China)
- Disera Tibbi Malzeme Lojistik Sanayi Ve Ticaret A.Þ (Turkey)
- Ajosha Bio Teknik Pvt. Ltd. (India)
- PreQ Systems (India)
- CML Biotech (India)
- Lmb Technologie GmbH (Germany)
- Mitra Industries Private Limited (India)
- Neomedic Limited (UK)
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