IMARC Group, a leading market research company, has recently releases report titled “Blood Collection Market Report by Product (Needles and Syringes, Blood Collection Tubes, Blood Bags, and Others), Application (Diagnostics, Treatment), End Use (Hospitals, Diagnostics Centers, Blood Banks, and Others), and Region 2024-2032”, Offers a comprehensive analysis of the industry, which comprises insights on the blood collection market share.
How Big is the Blood Collection Market?
The global blood collection market size reached US$ 7.0 Billion in 2023. Looking forward, IMARC Group expects the market to reach US$ 10.3 Billion by 2032, exhibiting a growth rate (CAGR) of 4.2% during 2024-2032.
Industry Overview of Blood Collection
Blood collection is a medical procedure that involves the extraction of blood samples from an individual for diagnostic and therapeutic purposes. It helps identify nutritional deficiencies and help formulate a personalized diet plan to improve health. It allows for genetic testing, predicts the risk of certain genetic disorders, and guides personalized treatment plans. It assists healthcare professionals in monitoring the levels of certain drugs in the body to ensure they are effective and not causing any harmful side effects. Besides this, routine blood tests identify risk factors and early signs of diseases such as diabetes and cardiovascular diseases and facilitate early intervention and prevention.
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What are the growth prospects and trends in the blood collection industry?
The increasing prevalence of infectious diseases, cancer, and other medical conditions represents one of the key factors catalyzing the demand for blood tests for accurate diagnosis and treatment.
Moreover, the aging population, which is highly susceptible to chronic diseases, favors market growth. Apart from this, there is a rise in healthcare expenditure and advancements in blood collection technologies, which are propelling market growth. Furthermore, the global trend towards automation and the advent of advanced blood collection devices that enhance efficiency and patient comfort are creating a favorable market outlook.
The emergence of novel, eco-friendly, and safer blood collection devices designed with minimal invasiveness and maximum patient comfort is redefining the market landscape.
Leading Companies Operating in the Global Blood Collection Industry:
- Abbott Laboratories
- Becton Dickinson and Company
- FL MEDICAL s.r.l.
- Greiner AG
- Haemonetics Corporation
- McKesson Corporation
- Medtronic plc
- Nipro Corporation
- Qiagen N.V.
- Quest Diagnostics
- Sarstedt AG Co. KG
- Terumo Corporation.
Blood Collection Market Report Segmentation:
The report has segmented the market into the following categories:
Breakup by Product:
- Needles and Syringes
- Blood Collection Tubes
- Serum-separating
- EDTA
- Heparin
- Plasma-separating
- Blood Bags
- Others
Breakup by Application:
- Diagnostics
- Treatment
Breakup by End Use:
- Hospitals
- Diagnostics Centers
- Blood Banks
- Others
Market Breakup by Region:
- North America (United States, Canada)
- Asia Pacific (China, Japan, India, South Korea, Australia, Indonesia, Others)
- Europe (Germany, France, United Kingdom, Italy, Spain, Russia, Others)
- Latin America (Brazil, Mexico, Others)
- Middle East and Africa
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IMARC Group’s information products include major market, scientific, economic and technological developments for business leaders in pharmaceutical, industrial, and high technology organizations. Market forecasts and industry analysis for biotechnology, advanced materials, pharmaceuticals, food and beverage, travel and tourism, nanotechnology and novel processing methods are at the top of the company’s expertise.
