Blood Collection Market Size and Growth Rate:
According to the recent research reports published by Research Cosmos, Blood Collection Market was valued at USD 7.6 billion in 2015 and estimated to grow at a decent CAGR of 6.1% during the forecast period 2015 to 2025.
Blood Collection Market - Growth Opportunities, Challenges and Restraints:
The increasing prevalence of infectious and noncommunicable diseases, the increasing number of accident and injury cases are the main factors that contribute to growth.
The increase in the number of surgical procedures that require blood transfusion, the increasing number of accident and injury cases and the increase in the number of diseases are among the main factors driving market growth. Due to the growing demand for donated blood, blood transplants and donated organs, hospitals and diagnostic centres are contributing to the growth of the blood collection market. To a certain extent, the transfusion of blood in underdeveloped areas carries risks that hinder the growth of the blood collection market.
The segment that represents most of the growth of the market are needles and syringes for the extraction of blood due to the increase in the number of surgeries. The diagnostic segment is a large part of the blood collection market due to the increasing demand for blood in diagnostic procedures and the increase in the number of accidents and injuries.
Blood Collection Market – Geographical Analysis:
North America dominated the entire market in 2015. The presence of a highly developed health infrastructure and high per capita health care costs are driving growth in this region. In addition, the rapid adoption of cutting-edge products in the United States increases the demand for specific products. It is estimated that the growth of the geriatric population and the prevalence of infectious diseases such as HIV infection, tuberculosis and malaria in the region will increase at a record pace during the planned period. The rapid development of health infrastructures in Asian countries such as India and China should be the engine of growth.
Some of the promising companies leading the Blood Collection Market are:
- Abbott Laboratories Inc.
- Becton Dickinson and Company
- Terumo Corporation
- Nipro Medical Corporation
- F.L. Medical SRL
- Greiner Holding AG
- Haemonetics Corporation
- Sarstedt AG & Co
This research report includes following segmentation for the Blood Collection Market size and forecast until 2025:
Blood Collection Market – By Product:
- Needles and Syringes
- EDTA Tubes
- Heparin Tubes
- Serum-separating Tubes
- Plasma-separating Tubes
- Blood Bags
Blood Collection Market – By Application:
Blood Collection Market – By End User:
- Diagnostic Centers
- Blood Banks
Blood Collection Market – By Geographical Segmentation:
- North America
- United Kingdom
- South Korea
- Latin America
- Middle-East & Africa