DUBLIN--(BUSINESS WIRE)--The "Blood Collection Market by Product (Tubes (Plasma (EDTA, Heparin, Glucose), Serum), Blood Bags, Monitors, Needles), Method (Manual, Automated), Application (Diagnostic, Therapeutic), End User (Hospitals & ASCs, Blood Banks, Labs) - Global Forecast to 2025" report has been added to ResearchAndMarkets.com's offering.
The global blood collection devices market is projected to reach USD 6.47 billion by 2025 from USD 4.83 billion in 2020, at a CAGR of 6.0% between 2020 and 2025.
The growth of this market is majorly driven by factors such as the increasing incidence of infectious diseases, the rising number of accidents & trauma cases, the emergence of liquid biopsy tests, and a demand for blood donations and blood components. However, complexities of storage and shipping and a lack of skilled professionals restrain the growth of this market during the forecast period.
The automated blood collection segment is expected to grow at the highest rate during the forecast period
The blood collection devices available in the market are based on two major methods- manual and automated blood collection methods. The automated blood collection segment is projected to register a higher CAGR during the forecast period. The growth of the automated blood collection segment can be attributed to the increasing demand for safer procedures and the availability of advanced blood collecting products. However, the most widely used method in the blood collection devices market is manual blood collection. This segment is expected to account for the largest share of the market in 2020.
Hospitals, ASCs, & Nursing Homes segment is estimated to account for the largest share of the blood collection devices market in 2020
Hospitals, ASCs, & Nursing Homes are estimated to account for the largest share of the blood collection devices market in 2020. the hospitals, ASCs, & nursing homes segment is expected to account for the largest share of the blood collection devices market. The increasing incidence of infectious diseases and the rise in the number of trauma cases, as well as C-sections and organ transplants, have ensured the demand for blood collection equipment and devices in hospital facilities and expanded capabilities are driving the growth of this market.
North America is expected to dominate the blood collection devices market in 2020
North America (comprising the US and Canada) is expected to account for the largest share of the global blood collection devices market in 2020, followed by Europe. Factors such as the increasing prevalence of lifestyle diseases and the rising incidence of blood disorders, better healthcare facilities, and the presence of major manufacturers in the region are stimulating the growth of the blood collection devices market in North America. However, the Asia Pacific market is expected to grow at the highest CAGR during the forecast period.
- Rising Disease Incidence
- Rising Number of Accidents & Trauma Cases
- Emergence of Liquid Biopsy Tests
- Demand for Blood Donations and Blood Components
- High Costs of Automated Blood Collection Devices
- Increasing Demand for Apheresis
- Technological Advancements in Blood Collection Procedures and Products
- Advancements in Blood Collection-Microsampling and Dried Blood Sampling
- Complexities of Storage and Shipping
- Lack of Skilled Professionals
- Becton, Dickinson and Company
- Terumo BCT
- Fresenius Kabi
- Nipro Medical Corporation
- Greiner Holding
- Quest Diagnostics
- Sarstedt AG & Co.
- Smiths Medical
- Kawasumi Laboratories
- Retractable Technologies
- Liuyang Sanli Medical Technology Development
- F.L. Medical S.R.L
- Ab Medical
- Aptaca Spa
- Micsafe Medical Group
- Disera Tibbi Malzeme Lojistik Sanayi Ve Ticaret A.
- Ajosha Bio Teknik
- Preq Systems
- Cml Biotech
- Lmb Technologie GmbH
- Mitra Industries Private Limited
- Neomedic Limited
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