A blood collection is a medical procedure where blood is taken from the veins. It is used to test and transfuse blood into other people. You can collect blood in many ways, including via venipuncture or arterial puncture. Blood collection plays an integral part in the care of patients. Blood collection is used in laboratory medicine as a diagnostic tool. The general purpose of the blood collection is to perform various laboratory tests.

In 2022, the market for blood collection was valued at USD 8.87 Bn. It is expected to grow to USD 15.98 bn in 2032. Market.us projects that the market will grow at 6.2% annually between 2023 and 2032.

The rise in the number of surgeries performed worldwide and the increase in trauma and accidents are two of the main reasons for blood market growth. The demand for blood collection products will also increase due to increased awareness of government blood donation initiatives. This growth is hampered by the risks associated with blood transfusion in developing countries.

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Key Market Driver

A major reason for the increasing prevalence of infectious diseases, such as hepatitis B and hepatitis C/HCV, human immunodeficiency viruses (HIV), malaria, and Syphilis, is the need to collect blood effectively.

Strong Prevalence and Technology Advancements in Blood collection Devices have led to a strong prevalence of chronic diseases

Key Market Restraint

– The market is constrained by factors like lack of experienced doctors and lack of medical knowledge. A high-value machine-driven blood collecting device is expected to slow down market growth. The adoption rate of automated blood collection tools is lower than manual products, especially in India and China. This is limiting overall market growth for blood collection products.

– Recalls of Blood collection devices

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The Key Developments

Babson Diagnostics, a world-leading transformative diagnostic blood-testing firm, announced a long-term strategic partnership with BD (Becton, Dickinson, and Company) in February 2020. This partnership aims to provide small-volume, laboratory-quality blood collection in retail pharmacies.

The research report on the global blood collection market includes profiles of some of the prominent players, such as

Fresenius SE & Co. KGaA
Becton
Abbott laboratories inc.
Dickinson and Company
Grifols SA
Terumo Corporation
fl medical
Nipro medical corporation
Smiths Group Plc
Greiner holding ag
Haemonetics Corporation
sarstedt ag & co.
Kawasumi Laboratories, Inc.
Macopharma
henry schein inc.
Retractable Technologies
medline industries inc.
smiths medical

Key Market Segmentation:

Based on Product Type
Needles and Syringes
Blood Bags
Blood Collection Market Tubes
Blood Lancets
Other Product Types

Based on End-User
Hospitals
Blood Banks
Diagnostic Laboratories
Other End Users

Based on Region
North America
Europe
Asia Pacific
South America
Middle East & Africa

Key Questions Answered in This Report:

What is the projected market size & growth rate of the Blood Collection Market? What will the market be valued at in 2032?

Which is a key factor driving revenue growth of the global blood collection market?

Which End-use segment accounted for the largest revenue share in the global market?

Which region accounted for the largest revenue share in the global blood collection market in 2021?

What are the top players operating in the Blood Collection Market?

What segments are covered in the Blood Collection Market?

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