Blood Collection Market Report and Forecast 2023-2031

The global blood collection market size was valued at USD 8 billion in 2022, driven by the increasing prevalence of infectious and non-communicable diseases across the globe. The market is anticipated to grow at a CAGR of 6.1% during the forecast period of 2023-2031 to reach a value of USD 13.70 billion by 2031.

Blood Collection Market: Introduction

Blood collection is a critical process in healthcare, diagnostics, and research, wherein blood samples are obtained for testing and analysis or for transfusion purposes. Blood collection products include needles, syringes, blood collection tubes, lancets, and other accessories used to safely collect, store, and transport blood samples. The global blood collection market has experienced significant growth due to factors such as the increasing prevalence of infectious and non-communicable diseases, the growing demand for blood transfusions, and advancements in blood collection technologies.

Key Trends in the Blood Collection Market

Some key trends of the market are as follows:

• Increasing prevalence of infectious and non-communicable diseases: The rising incidence of diseases such as cancer, diabetes, and cardiovascular disorders has led to a growing demand for blood collection products for diagnostic and therapeutic purposes, driving market growth
• Growing demand for blood transfusions: The increasing need for blood transfusions in the treatment of various medical conditions, as well as for surgical procedures, has contributed to the growth of the blood collection market
• Advancements in blood collection technologies: The development of new blood collection techniques and devices, such as safety-engineered devices and vacuum blood collection systems, has improved the efficiency and safety of blood collection procedures, further driving market growth

Blood Collection Market Segmentations

Market Breakup by Product

• Needles and Syringes
• Blood Collection Tubes
• Blood Bags
• Others

Market Breakup by Application

• Diagnostic
• Treatment

Market Breakup by End User

• Hospital
• Blood Bank Center
• Academics
• Homecare

Market by Region

North America

• United States of America
• Canada

Europe

• United Kingdom
• Germany
• France
• Italy
• Others

Asia Pacific

• China
• Japan
• India
• ASEAN
• Australia
• Others

Latin America

• Brazil
• Argentina
• Mexico
• Others

Middle East and Africa

• Saudi Arabia
• United Arab Emirates
• Nigeria
• South Africa
• Others

Blood Collection Market Scenario

The global blood collection market has witnessed significant growth in recent years, driven by factors such as the increasing prevalence of infectious and non-communicable diseases, the growing demand for blood transfusions, and advancements in blood collection technologies.

North America: The largest market for blood collection, driven by factors such as advanced healthcare infrastructure, high prevalence of chronic diseases, and significant investments in research and development.

Europe: The second-largest market, with increasing demand for blood collection products due to a growing aging population, a supportive regulatory framework, and an expanding healthcare sector.

Asia Pacific: Expected to witness the highest growth rate due to factors such as a rapidly growing population, increasing prevalence of chronic diseases, and growing investments in healthcare infrastructure and research.

Competitor Landscape

The report gives an in-depth analysis of the key players involved in the blood collection market, sponsors manufacturing the drugs, and putting them through trials to get FDA approvals. The companies included in the market are as follows:

• Abbott Laboratories
• NIPRO Medical Corp
• Becton, Dickinson and Company
• Terumo Corp
• Medtronic
• Qiagen
• Abbott Laboratories
• FL MEDICAL s.r.l
• Greiner Holding AG
• Haemonetics Corp
• Sarstedt AG & Co.