Global Blood Collection Devices Market Insights Forecasts to 2030

• The Blood Collection Devices Market Size was valued at USD 7.2 Billion in 2021.
• The Market is Growing at a CAGR of 6.3% from 2022 to 2030
• The Worldwide Blood Collection Devices Market Size is expected to reach USD 13.9 Billion by 2030
• Asia Pacific is expected to Grow the fastest during the forecast period

The Global Blood Collection Devices Market is expected to reach USD 13.9 billion by 2030, at a CAGR of 13.9% during the forecast period 2022 to 2030.

Blood collection refers to the method of taking out blood samples from the donor in order to perform laboratory diagnostic tests in the course of treatment of patients. The entire process is considered as an important and primary part of the blood management procedure in hospitals as well as blood bank centres.

Impact of COVID 19 On Global Blood Collection Devices Market

The outbreak of COVID 19 pandemic is anticipated to impact the global blood collection devices market in a positive way because blood testing comprises of different blood samples which help to diagnose infectious diseases, including COVID 19. Thus, testing acts as an important step to the control the spread of COVID 19. As the cases of COVID 19 started increasing across the world, governments of various countries started exploring the possibilities of allowing private laboratories to ramp up blood testing. Furthermore, the blood reserves have started reducing due to the pandemic. This is because various people who had weak immune systems were hospitalized and were in an urgent need of plasma or blood transfusion. In fact, various governments have started taking initiatives to help in increasing blood donation.

Key Driving Factors

The blood collection devices market is anticipated to witness a huge market growth over the forecast period Due to certain factors like a rise in the geriatric population, an increase in the number of chronic diseases,  technological advancement related to the blood collection devices,  as well as increasing awareness related to blood tests. In addition, the rising improvement in the desert and development activities as well as government funding in blood collection devices are anticipated to witness lucrative growth opportunities for the Global blood collection devices market.

Key Challenging Factors

The high cost involved in the automated blood collected devices can act as the major restraining factor of the global blood collection devices market. In addition, the shortage of adequate testing the developing economies along with some product recalls of blood collection devices will also hamper the market growth.

Market Segmentation

Type Insights

Blood Collection Tubes segment holds the largest market share over the forecast period

On the basis of type, the global blood collection devices market is segmented into blood collection tubes, needles, and syringes, blood bags, blood collection systems or monitors, system type, lancets, others. Among these, blood collection tube segment holds the largest market share over the forecast period. They act as whole blood collection tubes, ESR tubes, coagulation tubes, EDTA tubes, serum separating tubes, glucose tubes, and heparin tubes. Blood collection tubes are more user centric as they are made using various types of additives that are needed for different purposes.

End User Insights

Diagnostic and Pathology Laboratories segment to hold the highest revenue share over the forecast period

On the basis of end user, the global blood collection devices market is segmented into hospitals, ambulatory surgical centre and nursing, homes, blood bank, diagnostic and pathology laboratories, others. Among these, diagnostic and pathology laboratories segment is anticipated to holds the highest revenue share over the forecast period. These facilities aims to collect blood samples from patients and the identify the cause of  the disease. Not only this but they are also collaborating with government as well as private hospitals which has resulted into the rise in the market share. In the present scenario, diagnostic and pathology laboratories have started sending their agents to the house of the patients to collect blood samples. All these factors have resulted into the increase in the segmental growth.

Regional Insights

North America is dominating the market with the largest market share over the forecast period

North America is dominating the blood collection devices market among all other regions due to the rise of research and development activities, focus on clinical research, advanced healthcare infrastructure and adoption of advanced and innovative technology among the consumers.

Asia Pacific, on the other hand is anticipated to witness the fastest market growth over the forecast period due to the rise in the disposable income, strong presence of the leading market players and increasing prevalence of HAI and sepsis in the region.

Recent Market Developments

• In July 2020, Magnolia Medical has launched Steripath Gen2 with integrated syringe, which will be addressed to the patients having difficult intravenous access or the hard stick patient population

List of Key Companies

• Abbott Laboratories Inc.
• Medtronic, Inc.
• Becton Dickinson and Company
• Terumo Corporation
• Nipro Medical Corporation
• Qiagen NV
• F.L. Medical SRL
• greiner holding ag
• Haemonetics Corporation
• Sarstedt AG

Market Segment

This study forecasts revenue at global, regional, and country levels from 2019 to 2030. Spherical Insights has segmented the global Blood Collection Devices Market based on the below-mentioned segments:

Blood Collection Devices Market, Type Analysis

• Blood Collection Tubes
• Needles and Syringes
• Blood Bags
• Blood Collection Systems or Monitors
• System Type
• Lancets
• Others

Blood Collection Devices Market, End User Analysis

• Hospitals
• Ambulatory Surgical Centre and Nursing Homes
• Blood Bank
• Diagnostic and Pathology Laboratories
• Others

Blood Collection Devices Market, Regional Analysis

• North America
  • US
  • Canada
  • Mexico
• Europe
  • Germany
  • Uk
  • France
  • Italy
  • Spain
  • Russia
  • Rest of Europe
• Asia Pacific
  • China
  • Japan
  • India
  • South Korea
  • Australia
  • Rest of Asia Pacific
• South America
  • Brazil
  • Argentina
  • Rest of South America
• Middle East & Africa
  • UAE
  • Saudi Arabia
  • Qatar
  • South Africa
  • Rest of Middle East & Africa