Blood Collection Devices Market

Blood collection device market was estimated at USD 5,120 million in 2020 and projected to grow at 6.3% CAGR during the forecast period.

Introduction of the Blood Collection Devices Market Report

Blood collection is a process of collecting blood samples from the donor to perform various diagnostic tests in the treatment of patients. Lancets, needles etc, are used for blood collection. Many severe and critical diseases such as cardiovascular diseases, diabetes, and a wide range of cancer can be managed, treated, and diagnosed through a blood test. This process is considered an important part of the blood management procedure in blood banks and hospitals.

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Market Dynamic 

Key Drivers and Emerging Trends

The severe burdon of chronic diseases is rapidly growing across the globe. Almost half of the total deaths in chronic diseases are attributed to cardiovascular diseases. For instance, according to WHO, 17.9 million people died from cardiovascular diseases in 2019, representing 32% of all global deaths and 85% of deaths due to heart attack and stroke. This scenario has resulted in increased health check-ups and a growing concern of users to find the disease condition via blood collection. Thus, health check-up is gaining importance at personal as well as corporate level for employee wellbeing. This factor is one of the major factors for the global blood collection device market’s growth as blood tests are the first step of diagnosing the problem. Additionally, diabetes and obesity are also increasing resulting in increasing number of blood tests which boosts the growth of the blood collection device market size.

Increasing the number of accidents and trauma cases worldwide is another critical factor driving this market. Blood collection products are the primary factor for the treatment of patients suffering from accidents and trauma. For instance, according to WHO report in 2021, every year, the lives of approximately 1.3 million people are being cut short due to a road traffic crash. Thus, this factor is driving positive growth for the blood collection device market.

Restraint in the Blood Collection Devices Market

However, the cost of automated blood collection devices is high, which is expected to obstruct the growth of this market. Lack of adequate skilled professionals and complexities of shipping and storage with an adequate blood test in a developing nation is projected to challenge the blood collection devices market.

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Product – Segment Analysis

Based on the product, the blood collection needles and syringes are expected to grow at a higher CAGR rate in the global blood collection devices market during the forecast period. This is owing to its high affordability, high product adoption, increasing technological advancement in various medical treatment and diagnostic procedures and repeat purchases. For instance, the BD Vacutainer Eclipse is a blood collection needle which offer a safety-engineered, multisample blood collection needle to collect blood while reducing the possibility of needlestick injuries.

End-Use – Segment Analysis

Based on the End-Use, hospitals are expected to grow at a higher CAGR rate in the global blood collection devices market during the forecast period. Hospitals serve as a primary centre for the diagnosis and treatment of diseases. The increase in the number of chronic diseases with an increase in the number of screening and diagnostic tests is one of the factors for the positive growth of this segment. For instance, according to WHO 2020 report, death caused by cancer has increased from 6.2 million in 2000 to 10 million in 2020. Thus, these factors have augmented the growth of this segment.

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Regional – Segment Analysis:

Based on the region, North America region is expected to grow at a higher CAGR rate in the global blood collection devices market during the forecast period. This is due to well-developed healthcare infrastructure, increasing research and development activities, and focusing on clinical adoption and research of advanced and innovative technology among consumers. For instance, according to CDC 2020, 126.6 million outpatient department visits were recorded in the United States with an increase in the number of surgical operations such as liver and kidney transplants, growing incidence of trauma and angioplasty. The presence of major manufacturers such as Becton, Dickinson and Company, Smiths Medical, Quest Diagnostics, etc. are boosting the growth of the blood collection device market in this region.

Top Market Players 

Various notable players operating in the market, include, Becton, Dickinson and Company, Terumo Bct, Inc, Fresenius Kabi AG, NIPRO, Quest Diagnostics Incorporated, SB-Kawasumi Laboratories, Inc, Smiths Medical,FL Medical s.r.l. Unipersonale., Fresenius SE & Co. KGaA, Medtronic, among others.

Key Developments:

• • In 2020, VACUMED Tech blood collection sets with pre-attached holders was launched by F.L. Medical.
  • In 2020, BD had contract with Babson Diagnostics (US) To enable small-volume blood collection for diagnostic testing in retail the settings.

Segments covered in the Report:

The global Blood Collection Devices market has been segmented on the basis of Product, End-Use, Application, and regions. Based on Product, the market is segmented into Needles and Syringes, Blood Collection Tubes, Blood Bags and others. Based on End-Use, the market is segmented into Hospitals, Diagnostics Centers, Blood Banks and others. Based on Application, the market is segmented into Diagnostics and Treatment.

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Key questions answered in this research report:

• • At what pace is global Blood Collection Devices market growing? What will be the growth trend in the future?
  • What are the key drivers and restraints in Blood Collection Devices market? What will be the impact of drivers and restraints in the future?
  • What are the regional revenues and forecast breakdowns? Which are the major regional revenue pockets for growth in the global Blood Collection Devices market?
  • Which Product generated maximum revenues in 2020 and identify the most promising Product during the forecast period?
  • What are the various End-Use of global Blood Collection Devices market and how they are poised to grow?
  • What companies are the major participants in this market and their business strategies, how does the competitive landscape look like?

Market Segmentation

Global Blood Collection Devices Market by Product

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

Global Blood Collection Devices Market by End-Use

• • Hospitals
  • Diagnostics Centers
  • Blood Banks
  • Others

Global Blood Collection Devices Market by Application

• • Diagnostics
  • Treatment

Global Blood Collection Devices Market by Region

• • North America Blood Collection Devices Market (Option 1: As a part of the free 25% customization)
    • North America Blood Collection Devices Market by Product
    • North America Blood Collection Devices Market by End-Use
    • North America Blood Collection Devices Market by Application
    • US Blood Collection Devices Market All-Up
    • Canada Blood Collection Devices Market All-Up
  • Europe Blood Collection Devices Market (Option 2: As a part of the free 25% customization)
    • Europe Blood Collection Devices Market by Product
    • Europe Blood Collection Devices Market by End-Use
    • Europe Blood Collection Devices Market by Application
    • UK Blood Collection Devices Market All-Up
    • Germany Blood Collection Devices Market All-Up
    • France Blood Collection Devices Market All-Up
    • Spain Blood Collection Devices Market All-Up
    • Rest of Europe Blood Collection Devices Market All-Up
  • Asia-Pacific Blood Collection Devices Market (Option 3: As a part of the free 25% customization)
    • Asia-Pacific Blood Collection Devices Market by Product
    • Asia-Pacific Blood Collection Devices Market by End-Use
    • Asia-Pacific Blood Collection Devices Market by Application
    • China Blood Collection Devices Market All-Up
    • India Blood Collection Devices Market All-Up
    • Japan Blood Collection Devices Market All-Up
    • Rest of APAC Blood Collection Devices Market All-Up
  • RoW Blood Collection Devices Market (Option 4: As a part of the free 25% customization)
    • RoW Blood Collection Devices Market by Product
    • RoW Blood Collection Devices Market by End-Use
    • RoW Blood Collection Devices Market by Application
    • Brazil Blood Collection Devices Market All-Up
    • South Africa Blood Collection Devices Market All-Up
    • Saudi Arabia Blood Collection Devices Market All-Up
    • UAE Blood Collection Devices Market All-Up
    • Rest of world (remaining countries of the LAMEA region) Blood Collection Devices Market All-Up

Major Players Operating in the Blood Collection Devices (Option 5: As a part of the Free 25% Customization – Profiles of 5 Additional Companies of your Choice)

• • Becton, Dickinson and Company
  • Terumo Bct, Inc
  • Fresenius Kabi AG
  • NIPRO
  • Quest Diagnostics Incorporated
  • SB-Kawasumi Laboratories, Inc
  • Smiths Medical
  • FL Medical s.r.l. Unipersonale.
  • Fresenius SE & Co. KGaA
  • Medtronic