Overview and Scope
Blood collection devices are devices used to collect blood samples from the body. Blood collection devices are used for health and wellness testing, population studies, or research and preclinical drug studies.
Sizing and Forecast
The blood collection devices market size has grown strongly in recent years. It will grow from <b>$7.54 billion in 2023 to $8.16 billion in 2024 at a compound annual growth rate (CAGR) of 8.3%. </b> The growth in the historic period can be attributed to increased prevalence of blood-related disorders, rise in in healthcare infrastructure, aging population, government initiatives and regulations
The blood collection devices market size is expected to see strong growth in the next few years. It will grow to <b>$11.21 billion in 2028 at a compound annual growth rate (CAGR) of 8.3%. </b> The growth in the forecast period can be attributed to rising healthcare expenditure, growing emphasis on personalized medicine and diagnostic testing, increasing research and development activities, rising cases of infectious illnesses. Major trends in the forecast period include minimally invasive techniques, remote blood collection services, automation and robotics, advanced blood collection kits, partnership and collaboration.
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Segmentation & Regional Insights
The blood collection devices market covered in this report is segmented –
1) By Type: Blood Collection Tubes, Lancet, Micro Container Tubes, Warming Devices
2) By Method: Manual Blood Collection, Automatic Blood Collection
3) By Material: Glass, Stainless Steel, Plastic
4) By End User: Hospitals, Blood Donation Centers, Diagnostic Center, Other End Users
<b>North America</b> was the largest region in the blood collection devices market in 2023. The <b>Asia-Pacific</b> is expected to be the fastest-growing region in the forecast period. The regions covered in the blood collection devices market report include Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East and Africa.
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Major Driver Impacting Market Growth
The increase in incidence of infectious diseases is driving the growth of the blood collection devices market. Infectious diseases are infections caused by bacteria, viruses, fungi, or parasites. Infectious disorders such as hepatitis B (HBV), hepatitis C (HCV), the human immunodeficiency virus (HIV), malaria, syphilis, and brucellosis are tested through blood collection and sampling. The constant increase in incidences of infectious diseases and its diagnostics activities are expected to boost the utilization of blood collection devices. According to World Health Organization (WHO), in 2021, an estimated 10.6 million people are infected with tuberculosis globally, 1.6 million died, and 1.5 million people acquired HIV in 2021 while 650,000 people lost lives due to it. Therefore, the increase in incidences of infectious diseases is expected to boost demand for blood collection devices during the forecast period.
Key Industry Players
Major companies operating in the blood collection devices market include <b> Becton, Dickinson and Company, Greiner Holding AG, Kabe Labortechnik GmbH, Sarstedt AG & Company, ICU Medical Inc., Terumo BCT Inc., Fresenius Kabi AG, Grifols S.A., Haematonics, Nipro Medical Corporation, Quest Diagnostics Incorporated, Macopharma SA, Smiths Medical International Ltd., Cardinal Health Inc., Retractable Technologies Inc., Sekisui Medical Co. Ltd., Qiagen NV, Smiths Group plc, NIPRO Corporation, PT. Adi Buana Mandiri, Covidien Ltd., Kawasumi Laboratories Inc., F.L. Medical SRL, Ajosha Bio Teknik Pvt. Ltd., A-M Systems Ltd., Commonwealth Serum Laboratories Behring, Teleflex Medical Inc., Abbott Laboratories, Denova Sciences Pte. Ltd., VedaLab SA </b>
The blood collection devices market report table of contents includes:
1. Executive Summary
2. Blood Collection Devices Market Characteristics
3. Blood Collection Devices Market Trends And Strategies
4. Blood Collection Devices Market – Macro Economic Scenario
5. Global Blood Collection Devices Market Size and Growth
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26. South America Blood Collection Devices Market
27. Brazil Blood Collection Devices Market
28. Middle East Blood Collection Devices Market
29. Africa Blood Collection Devices Market
30. Blood Collection Devices Market Competitive Landscape And Company Profiles
Top Major Players:
- Becton
- Dickinson and Company
- Greiner Holding AG
- Kabe Labortechnik GmbH
- Sarstedt AG & Company
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