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The global blood collection industry is being driven by the increased prevalence of blood-related disorders worldwide, such as blood cancers, namely, lymphoma and leukaemia, among others. Moreover, blood collection is carried out for the purpose of diagnosing various diseases. Recently, due to the insurgence of Covid-19, blood tests are being conducted among patients and other individuals to check for the presence of antibodies in their blood. This antibody test helps healthcare professionals determine whether a person had been infected by the virus in the recent past. Moreover, with the growing geriatric population worldwide, governments are increasingly investing in healthcare infrastructures to reduce the mortality risks associated with chronic illnesses.
The growing product innovations and the increasing focus of leading players on mergers and acquisitions to enhance their market position are predicted to aid the industry. For instance, in July 2021, Becton, Dickinson and Company (NYSE: BDX) announced the acquisition of San Francisco-based Velano Vascular, which created the innovative needle-free blood collection mechanism that facilitates quality blood collection from the peripheral intravenous catheter (PIVC) lines, reducing the discomfort and pain in the drawing procedure. In addition, another leading blood collection products manufacturer Abbott Laboratories (NYSE: ABT), in a press release dated October 2019, announced its collaboration with the Australian Red Cross Blood Service to implement the usage of Abbott's most advanced blood and plasma screening technology, Alinity™ S System, which is expected to improve the operational efficiency of the service that collects 1.5 million blood donations every year. These developments are expected to positively impact the growth of the blood collection industry in the forecast period.
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The major players in the global blood collection market are Abbott Laboratories, NIPRO Medical Corp, Becton, Dickinson and Company, Terumo Corp, Medtronic, Qiagen and others. The comprehensive report by EMR looks into the market share, capacity, and latest developments like mergers and acquisitions, plant turnarounds, and capacity expansions of the major players.
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