Blood collection is a medical process that saves lot of time and offers doctors to immediately deliver and monitor the diseases. Blood collection samples process is a regularly used technique to track the severe as well as mild diseases. Earlier, the collection of blood was a painful and a time-consuming procedure. Hence, the improved blood collection method used today overcomes all of the above mentioned challenges. Blood collection and its results help reveal the medical condition of the patient, his overall condition, and disclose more about specific conditions. A normal health checkup generally comprises blood collection, which is essential and a beneficial tool to control and regulate the medical condition of the patient.
Blood collection market accounted forover US$ 8.9 billion in 2019. It is anticipated to grow at a CAGR of ~5.2% from 2020 to 2030.
The first step in acquiring a quality lab test result for any patient is the specimen collection or blood collection procedure. The global blood collection market is growing at a stable pace and is expected to continue growing steadily during the forecast period. The factors which can be attributed to the growth of this market are rising incidences of accidents & trauma cases globally, increasing cases of ailments that require blood diagnosis, initiatives by both private & public bodies to promote blood donations, rising demand for blood components, among others. However, factors such as the outbreak of infectious diseases, such as the current global COVID-19 pandemic, is expected to hamper the growth of this market immensely.
The prominent players operating in the global blood collection market are:
Terumo Medical Corporation, Medtronic, BD, Fresenius Kabi AG (Fresenius Health Care Group), Grifols, S.A., FL MEDICAL s.r.l., Haemonetics Corporation, Greiner Bio One International GmbH, Smiths Medical (Smiths Group plc.), KAWASUMI LABORATORIES. INC., among others.
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One of the primary factors contributing to the growth of the global blood collection market is the rising cases of accidents & trauma worldwide. Accidents & trauma cases require immediate administration of blood or blood products. The treatment of such cases compulsorily involves the employment of blood collection products such as needles & syringes, blood bags, blood collection devices, among others. According to The Association for Safe International Road Travel (ASIRT), approximately 1.35 million people die in road crashes each year, and on an average, 3,700 people lose their lives every day on the roads. Moreover, an additional 20-50 million individuals suffer non-fatal injuries, often resulting in long-term disabilities.
The Blood Collection Market is segmented on the basis of Product, Method, Applications and region.
Major Product of Blood Collection Market covered are:
- Blood Collection Tubes
- Needles & Syringes
- Blood Bags
- Blood Collection Devices
- Lancets
Major Method of Blood Collection Market covered are:
- Manual Blood Collection
- Automated Blood Collection
Major Applications of Blood Collection Market covered are:
- Hospital
- Pathology Laboratories
- Blood Banks
Similarly, surgeries have always been a critical constituent of the global healthcare system. In the past few decades, the number of surgical procedures being conducted worldwide for diverse ailments has witnessed a significant surge. In 2017, the European Union alone accounted for 1.4 million caesarean sections. In the US, according to theNational Center for Health Statistics, the total number of inpatientsurgical procedures conducted in 2009, stood at a staggering 48 million. One of the essential requirements for performing any surgical procedures is blood. The majority of surgical procedures require an additional supply of patient’s blood types incase of any complication during the procedure. Hence, blood collection as well as transfusion methods are of utmost importance for any surgical procedure.
Research objectives:-
– To study and analyze the global Blood Collection consumption (value & volume) by key regions/countries, product type and application, history data.
– To understand the structure of the Blood Collection market by identifying its various sub-segments.
– Focuses on the key global Blood Collection manufacturers, to define, describe and analyze the sales volume, value, market share, market competitive landscape, SWOT analysis, and development plans in the next few years.
– To analyze the Blood Collection with respect to individual growth trends, future prospects, and their contribution to the total market.
– To share detailed information about the key factors influencing the growth of the market (growth potential, opportunities, drivers, industry-specific challenges and risks).
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Table of Contents
- INTRODUCTION
- Market Definition
- Market Classification
- Geographic Scope
- Years Considered for the Study: Historical Years – 2017 & 2018; Base Year – 2019; Forecasted Years – 2020 to 2030
- Currency Used
- RESEARCH METHODOLOGY
- Research Framework
- Data Collection Technique
- Data Sources
- Market Estimation Methodology
- Data Validation and Triangulation
- ABSTRACT OF THE STUDY
- MARKET DYNAMICS ASSESSMENT
- Overview
- Drivers
- Barriers/Challenges
- Opportunities
- GLOBAL BLOOD COLLECTION MARKET – ANALYSIS & FORECAST, BY PRODUCT
- Blood Collection Tubes
- Serum Collection Tubes
- Plasma or Whole Blood Collection tubes
- Needles & Syringes
- Blood Bags
- Blood Collection Devices
- Lancets
- Other Products
- Blood Collection Tubes
- GLOBAL BLOOD COLLECTION MARKET – ANALYSIS &FORECAST, BY METHOD
- Manual Blood Collection
- Automated Blood Collection
- GLOBAL BLOOD COLLECTION MARKET – ANALYSIS &FORECAST, BY END USER
- Hospital& Pathology Laboratories
- Blood Banks
- Other End Users
- GLOBAL BLOOD COLLECTION MARKET – ANALYSIS & FORECAST, BY REGION
- North America Blood Collection Market
- Europe Blood Collection Market
- Asia Pacific Blood Collection Market
- Rest of the World (ROW)Blood Collection Market
- COMPETITIVE LANDSCAPE
- Key Players & Their Competitive Positioning (2019)
- Key Strategies Assessment
- New Product Launches
- Merger & Acquisitions
- Agreements, Collaborations, & Partnerships
- Expansions
- Other Strategies
- COMPANY PROFILES (Business Overview, Products Offered, Financial Performance*, Recent Developments)
- Terumo Medical Corporation
- Medtronic
- BD
- Fresenius Kabi AG (Fresenius Health Care Group)
- Grifols, S.A.
- FL MEDICAL s.r.l.
- Haemonetics Corporation
- Greiner Bio One International GmbH
- Smiths Medical (Smiths Group plc.)
- KAWASUMI LABORATORIES. INC. *Financial details might not be captured in case of privately-held companies or for companies that do not report this information in public domain
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