Adroit Market Research - Industry Insights
Global Blood Collection Market Size 2020, By Product (Blood Collection Tubes, Blood Bags, Needles & Syringes, Others) Application (Diagnostics, Treatment) End-Use (Hospitals, Diagnostic Centers, Blood Banks) Region (North America, Europe, Asia Pacific, South America, Middle East and Africa) and Forecast 2021 to 2028
Jan 2021
Total Pages: 100
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The global blood collection market was valued at USD 4.39 billion in 2020 and is projected to grow at a CAGR of 6.8% during the forecast period. Factors driving the growth of the blood collection market include increasing cases of accidents & trauma cases, the advent of liquid biopsy tests and the demand for blood donations and blood components.
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Even today, formal education and studies rarely cover blood collection technique, even though this is an area which is particularly critically observed by patients. It is therefore of some importance, that the best possible and most steady technique is applied in every situation. Before taking a blood sample, it is extremely important to be fully familiar with the collection system being used.
Regionally, North America accounted for the largest market share of the global blood collection market attributable to increasing prevalence of lifestyle diseases. Leading players of the global blood collection market include Terumo Corp., Medtronic, Abbott Laboratories, Becton, Dickinson and Company, NIPRO Medical Corp., Qiagen N.V., Greiner Holding AG, Haemonetics Corp., Sarstedt AG & Co., FL MEDICAL s.r.l. among others.
Key segments of the global blood collection market
Product Overview, 2018-2028 (USD Billion)
- Blood collection tubes
- Blood bags
- Needles & syringes
- Others
Application Overview, 2018-2028 (USD Billion)
- Diagnostics
- Treatment
End-use Overview, 2018-2028 (USD Billion)
- Hospitals
- Diagnostic centers
- Blood banks
Regional Overview, 2018-2028 (USD Billion)
- North America
- U.S.
- Canada
- Europe
- Germany
- United Kingdom
- France
- Asia Pacific
- China
- Japan
- India
- South America
- Brazil
- Mexico
- Middle East & Africa
- GCC
- South Africa
Reasons for the study
- Increasing incidence of infectious diseases
- Rising number of accidents & trauma cases
- Demand for blood donations and blood components
What does the report include?
- The study on the global blood collection market includes qualitative factors such as drivers, restraints and opportunities
- The study covers qualitative and quantitative analysis of the market segmented on the basis of product, application and end-use. Moreover, the study provides similar information for the key geographies.
- Actual market sizes and forecasts have been provided for all the above-mentioned segments
- The study includes the profiles of key players in the market with a significant global and/or regional presence
Who should buy this report?
- The report on the global blood collection market is suitable for all the players across the value chain including product manufacturing companies, suppliers/distributors, R&D labs, CROs, healthcare organizations, medical reimbursement and insurance providers
- Venture capitalists and investors looking for more information on the future outlook of the global blood collection market
- Consultants, analysts, researchers, and academicians looking for insights shaping the global blood collection market
Blood is usually collected from the vein for different hematological examinations. In order to get true and precise outcomes in the test center which will aid the clinician to make a right diagnosis of the patient’s ailment, it is of utmost significance to collect the blood sample in an exact way. Every sample is directed to the laboratory supplemented by a laboratory requisition form filled in by the clinician. Brief clinical information and any other applicable data must be stated on the form. Preceding to blood sample collection it is vital to check the patient’s identity and make sure that it matches to the name and other details said on the requisition form. Blood can be collected from the vein, typically the antecubital vein on the forearm (Venous blood) or from the finger or heel (Capillary blood). Venous blood is generally desired. It can be withdrawn using a syringe and needle or a vacuum tube.
The global blood collection market is categorized based on product, application and end-use.
By product: The needles & syringes dominated the market in 2020 owing to its high acceptance, recurrent consumption and high affordability.
By application: In 2020, the diagnostics segment dominated the market and is also projected to observer the highest CAGR by 2028 due to the increasing occurrence of enduring ailments for instance cancer, cardiovascular diseases and diabetes.
By end-use: In 2020, the hospitals accounted for the largest share of the global blood collection market as they function as prime centers for management of diseases.
Asia-Pacific is set to grow at the highest CAGR in the global blood collection market. Infectious diseases of public health importance continue to affect millions of lives in the Asia Pacific region. In South Asia, acute respiratory infections, diarrhea and neonatal infections continue to be the major cause of childhood deaths. The estimated incidence of tuberculosis in the Asia Pacific region was close to five million cases. The region is also seeing a massive escalation in the HIV epidemic in many of its countries. In addition to the high incidence and prevalence of infectious diseases, Asia and the Pacific also record significant levels of antibiotic resistance amongst organisms causing community-acquired as well as hospital-acquired infections. In recent years, increased international collaboration through programmes such as the Global Fund to Fight AIDS, Tuberculosis and Malaria is providing crucial efforts to increase resource to fight major infectious diseases.
The global blood collection market was valued at USD 4.39 billion in 2020 and is projected to grow at a CAGR of 6.8% during the forecast period. Factors driving the growth of the blood collection market include increasing cases of accidents & trauma cases, the advent of liquid biopsy tests and the demand for blood donations and blood components.
Even today, formal education and studies rarely cover blood collection technique, even though this is an area which is particularly critically observed by patients. It is therefore of some importance, that the best possible and most steady technique is applied in every situation. Before taking a blood sample, it is extremely important to be fully familiar with the collection system being used.
Regionally, North America accounted for the largest market share of the global blood collection market attributable to increasing prevalence of lifestyle diseases. Leading players of the global blood collection market include Terumo Corp., Medtronic, Abbott Laboratories, Becton, Dickinson and Company, NIPRO Medical Corp., Qiagen N.V., Greiner Holding AG, Haemonetics Corp., Sarstedt AG & Co., FL MEDICAL s.r.l. among others.
Key segments of the global blood collection market
Product Overview, 2018-2028 (USD Billion)
- Blood collection tubes
- Blood bags
- Needles & syringes
- Others
Application Overview, 2018-2028 (USD Billion)
- Diagnostics
- Treatment
End-use Overview, 2018-2028 (USD Billion)
- Hospitals
- Diagnostic centers
- Blood banks
Regional Overview, 2018-2028 (USD Billion)
- North America
- U.S.
- Canada
- Europe
- Germany
- United Kingdom
- France
- Asia Pacific
- China
- Japan
- India
- South America
- Brazil
- Mexico
- Middle East & Africa
- GCC
- South Africa
Reasons for the study
- Increasing incidence of infectious diseases
- Rising number of accidents & trauma cases
- Demand for blood donations and blood components
What does the report include?
- The study on the global blood collection market includes qualitative factors such as drivers, restraints and opportunities
- The study covers qualitative and quantitative analysis of the market segmented on the basis of product, application and end-use. Moreover, the study provides similar information for the key geographies.
- Actual market sizes and forecasts have been provided for all the above-mentioned segments
- The study includes the profiles of key players in the market with a significant global and/or regional presence
Who should buy this report?
- The report on the global blood collection market is suitable for all the players across the value chain including product manufacturing companies, suppliers/distributors, R&D labs, CROs, healthcare organizations, medical reimbursement and insurance providers
- Venture capitalists and investors looking for more information on the future outlook of the global blood collection market
- Consultants, analysts, researchers, and academicians looking for insights shaping the global blood collection market
1. Introduction
1.1. Introduction to the Study
1.2. Market Definition and Scope
1.3. Units, Currency, Conversions and Years Considered
1.4. Key Stakeholders
1.5. Key Questions Answered
2. Research Methodology
2.1. Introduction
2.2. Data Capture Sources
2.3. Market Size Estimation
2.4. Market Forecast
2.5. Data Triangulation
2.6. Assumptions and Limitations
3. Market Outlook
3.1. Introduction
3.2. Market Dynamics
3.2.1. Drivers
3.2.2. Restraints
3.2.3. Opportunities
3.3. COVID-19 Impact Analysis
4. Blood collection Market by Product, 2018-2028 (USD Billion)
4.1. Blood collection tubes
4.2. Blood bags
4.3. Needles & syringes
4.4. Others
5. Blood collection Market by Application, 2018-2028 (USD Billion)
5.1. Diagnostics
5.2. Treatment
6. Blood collection Market by End-use, 2018-2028 (USD Billion)
6.1. Hospitals
6.2. Diagnostic centers
6.3. Blood banks
7. Blood collection Market by Region 2018-2028 (USD Billion)
7.1. North America
7.1.1. US
7.1.2. Canada
7.2. Europe
7.2.1. UK
7.2.2. Germany
7.2.3. France
7.3. Asia Pacific
7.3.1. China
7.3.2. Japan
7.3.3. India
7.4. South America
7.4.1. Brazil
7.4.2. Mexico
7.5. Middle East & Africa
7.5.1. GCC
7.5.2. South Africa
8. Competitive Landscape
8.1. Company Positioning
8.2. Stblood bagsegic Initiatives
8.2.1. Mergers & Acquisitions
8.2.2. New Product Launch
8.2.3. Investments
8.2.4. Expansion
8.2.5. Others
9. Company Profiles
9.1. Terumo Corp.
9.2. Medtronic
9.3. Abbott Laboratories
9.4. Becton, Dickinson and Company
9.5. NIPRO Medical Corp.
9.6. Qiagen N.V.
9.7. Greiner Holding AG
9.8. Haemonetics Corp.
9.9. Sarstedt AG & Co.
9.10. FL MEDICAL s.r.l.