The blood collection, processing, management devices market size is expected to see strong growth in the next few years. It will grow to $5.12 billion in 2028 at a compound annual growth rate (CAGR) of 7.8%. The growth in the forecast period can be attributed to growing aging population, higher rates of surgeries and medical procedures, focus on patient comfort and safety, increasing awareness and education, stringent regulatory standards for blood collection. Major trends in the forecast period include automation and robotics, development of smaller, portable devices, advanced needle technologies, integration with digital health platforms, incorporation of wireless technology.
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Scope Of Blood Collection, Processing, Management Devices Market
The Business Research Company’s reports encompass a wide range of information, including:
1. Market Size (Historic and Forecast): Analysis of the market’s historical performance and projections for future growth.
2. Drivers: Examination of the key factors propelling market growth.
3. Trends: Identification of emerging trends and patterns shaping the market landscape.
4. Key Segments: Breakdown of the market into its primary segments and their respective performance.
5. Focus Regions and Geographies: Insight into the most critical regions and geographical areas influencing the market.
6. Macro Economic Factors: Assessment of broader economic elements impacting the market.
Blood Collection, Processing, Management Devices Market Overview
Market Drivers –
The rising awareness and demand for blood donation are expected to propel the growth of the blood collection, processing, and management devices market going forward. The increasing awareness and demand for blood donations have multiple interconnected factors, such as advancements in medical treatments, accidents, and emergencies, and the need for blood transfusions due to more sophisticated procedures and treatments for chronic diseases, particularly in aging populations. Blood collection, processing, and management devices are crucial in supporting the blood donation sector. The device streamlines the entire process, ensuring safety, efficiency, and reliability from donor recruitment to the delivery of blood products to patients. For instance, in 2022, according to Statistics Poland, blood donors donated 1,302.9 thousand whole blood donations, which is 41.9 thousand more donations than in 2021. Therefore, the rising awareness and demand for blood donations will drive the blood collection, processing, and management device market.
Market Trends –
Major companies operating in the blood collection, processing, and management devices market are developing innovative products with advanced technologies, such as RightGauge technology, to enhance precision and efficiency in blood collection processes. RightGauge technology is a creative approach to blood collection that ensures precise needle placement and minimizes patient discomfort. For instance, in March 2024, Becton, Dickinson and Company (BD), a US-based medical technology company, introduced the BD Vacutainer UltraTouch Push Button Blood Collection Set in India. This innovative device, utilizing BD RightGauge technology, employs a thinner needle to ensure continuous blood flow, thereby reducing patient discomfort. It has a push-button mechanism for needle retraction post-collection, enhancing safety for healthcare professionals.
The blood collection, processing, management devices market covered in this report is segmented –
1) By Product: Devices, Consumables, Software, Servicing
2) By Application: Diagnostics, Therapeutics, Research, Other Applications
3) By End-user: Hospitals, Diagnostic Laboratories, Academic And Research Laboratories, Blood And Blood Component Banks, Ambulatory Surgical Center, Other End-Users
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Regional Insights –
North America was the largest region in the blood collection, processing, management devices market in 2023. The regions covered in the blood collection, processing, management devices market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.
Key Companies –
Major companies operating in the blood collection, processing, management devices market are McKesson Corporation, Cardinal Health Inc., F. Hoffmann-La Roche AG, Thermo Fisher Scientific Inc., Abbott Laboratories, Fresenius SE & Co. KGaA, Becton, Dickinson and Company, Medline Industrie LP, Avantor Inc., Grifols S.A., Terumo Corporation, PerkinElmer Inc., bioMérieux SA, Nipro Corporation, Sysmex Corporation, Bio-Rad Laboratories, Inc., Haemonetics Corporation, Sarstedt AG & Co. KG, Greiner Bio-One International GmbH, Macopharma, Immucor, Trivitron Healthcare, HemoCue AB, EKF Diagnostics, Sebia
Table of Contents
1. Executive Summary
2. Blood Collection, Processing, Management Devices Market Report Structure
3. Blood Collection, Processing, Management Devices Market Trends And Strategies
4. Blood Collection, Processing, Management Devices Market – Macro Economic Scenario
5. Blood Collection, Processing, Management Devices Market Size And Growth
…..
27. Blood Collection, Processing, Management Devices Market Competitor Landscape And Company Profiles
28. Key Mergers And Acquisitions
29. Future Outlook and Potential Analysis
30. Appendix
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