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Global Blood Collection Market: By Product: Needles and Syringes, Blood Collection Tubes, Blood Bags, Others; By Application: Diagnostics, Treatment; By End Use: Hospitals, Diagnostic Centres, Others; Regional Analysis; Historical Market and Forecast (2016-2026); Market Dynamics; Competitive Landscape; Industry Events and Developments

Global Blood Collection Market Outlook

The global blood collection market stood at a value of around USD 9.5 billion in 2020. The market is further expected to grow at a CAGR of 6.5% in the forecast period of 2021-2026 to attain USD 13.9 billion by 2026.

 

Increased Demand for Needles and Syringes to Catalyse the Market Growth of the Global Blood Collection Industry

Based on product, the needles and syringes segment is expected to hold a significant share in the global blood collection industry during the forecast period. This growth can be attributed to the heightened utilisation of hypodermic needles for drawing blood worldwide. Moreover, the increased siliconisation of needles increases their durability while reducing the friction caused by the hypodermic needles due to the force required to puncture the skin and drag the needle out, which makes it more comfortable for the patient. These factors are estimated to drive the market growth in the forecast period.

 

Global Blood Collection Market

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North America to Possess a Substantial Market Share in the Global Blood Collection Industry

North America is predicted to hold a substantial market share in the global blood collection industry. This surge can be attributed to the rising demand for blood collection and blood transfusion owing to the rapid spread of chronic illnesses and the growing rates of road accidents in the region. According to the Leukaemia and Lymphoma Society statistics, approximately a total of 178,520 individuals in the US were predicted to be diagnosed with leukaemia, lymphoma, or myeloma in 2020. In addition, the thriving healthcare industry and the increased research and development activities in the region are also expected to contribute to the market growth in the coming years.

 

Blood Collection: Industry Definition and Segmentation

Blood collection, also known as venipuncture or phlebotomy, refers to the process of drawing blood from a vein, usually for lab testing purposes. Another reason for drawing could be to reduce the excess red blood cells in order to treat certain blood-related disorders. In addition, the popular modes of drawing blood are arterial sampling, fingerstick sampling, heel stick sampling, mainly for infants, and venipuncture sampling. The major purpose of the blood collection process is to identify respiratory, metabolic, and mixed acid-base that is where the CO2 levels of the patient require monitoring. While generally, the process is safe, it may adversely result in the risk of infection and excessive bleeding for people with coagulopathy.

By product, the market is distributed into:

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

On the basis of application, the industry can be bifurcated into:

  • Diagnostics
  • Treatment

Based on end use, the market can be segmented into:

  • Hospitals 
  • Diagnostic Centres
  • Blood Banks
  • Others

The regional markets for the product include North America, Europe, the Asia Pacific, Latin America, and the Middle East and Africa.

 

Heightened Prevalence of Blood-Related Disorders and the Rampant Spread of Covid-19 to Augment the Growth of the Global Blood Collection Industry

The rising prevalence of chronic blood disorders is expected to drive the growth of the global blood collection industry in the coming years. According to the World Cancer Research Fund statistics, approximately 18 million cancer cases were recorded in 2018 worldwide, out of which non-Hodgkin lymphoma accounted for 3%, while leukaemia and multiple myeloma accounted for 2.6% and 0.9%, respectively. The diagnosis of these diseases requires blood collection, while in the treatment procedure, blood transfusion is conducted periodically to replace the red blood cells and other blood components with that of healthy individuals who volunteer to donate blood. Moreover, with the rampant spread of Covid-19, many governments are devising strategies to support the research for utilising routine blood tests to detect Covid-19 infection among patients. Furthermore, blood tests are already being readily used in the Covid-19 antibody tests. These developments are expected to drive the market growth in the forecast period.

 

Key Industry Players in the Global Blood Collection Market

The report gives a detailed analysis of the following key players in the global blood collection market, covering their competitive landscape, capacity, and latest developments like mergers, acquisitions, and investments, expansions of capacity, and plant turnarounds:

  • Abbott Laboratories
  • NIPRO Medical Corp
  • Becton, Dickinson and Company
  • Terumo Corp
  • Medtronic 
  • Qiagen
  • Others

The comprehensive EMR report provides an in-depth assessment of the industry based on the Porter's five forces model and SWOT analysis.

 

REPORT FEATURES DETAILS
Base Year 2020
Historical Period 2016-2020
Forecast Period 2021-2026
Scope of the Report Historical and Forecast Trends, Industry Drivers and Constraints, Historical and Forecast Market Analysis by Segment- Product, Application, End Use, Region
Breakup by Product Needles and Syringes, Blood Collection Tubes, Blood Bags, Others
Breakup by Application Diagnostics, Treatment
Breakup by End Use Hospitals, Diagnostic Centres, Blood Banks, Others
Breakup by Region North America, Europe, Asia Pacific, Latin America, Middle East and Africa
Market Dynamics SWOT, Porter's Five Forces, EMR’s Key Indicators for Price and Demand
Competitive Landscape Market Structure, Company Profiles- Company Overview, Product Portfolio, Demographic Reach and Achievements, Certifications
Companies Covered Abbott Laboratories, NIPRO Medical Corp., Becton, Dickinson and Company, Terumo Corp., Medtronic, Qiagen, Others
Report Price and Purchase Option Explore our purchase options that are best suited to your resources and industry needs.
Delivery Format Delivered as an attached PDF and Excel through email, with an option of receiving an editable PPT, according to the purchase option.

 

*We at Expert Market Research always thrive to give you the latest information. The numbers in the article are only indicative and may be different from the actual report.

1    Preface
2    Report Coverage – Key Segmentation and Scope
3    Report Description

    3.1    Market Definition and Outlook
    3.2    Properties and Applications
    3.3    Market Analysis
    3.4    Key Players
4    Key Assumptions
5    Executive Summary

    5.1    Overview
    5.2    Key Drivers
    5.3    Key Developments
    5.4    Competitive Structure
    5.5    Key Industrial Trends
6    Snapshot
    6.1    Global
    6.2    Regional
7    Industry Opportunities and Challenges
8    Global Blood Collection Market Analysis

    8.1    Key Industry Highlights
    8.2    Global Blood Collection Historical Market (2016-2020)
    8.3    Global Blood Collection Market Forecast (2021-2026)
    8.4    Global Blood Collection Market by Product
        8.4.1    Needles and Syringes
            8.4.1.1    Market Share
            8.4.1.2    Historical Trend (2016-2020)
            8.4.1.3    Forecast Trend (2021-2026)
        8.4.2    Blood Collection Tubes  
            8.4.2.1    Market Share
            8.4.2.2    Historical Trend (2016-2020)
            8.4.2.3    Forecast Trend (2021-2026)
        8.4.3    Blood Bags 
            8.4.3.1    Market Share
            8.4.3.2    Historical Trend (2016-2020)
            8.4.3.3    Forecast Trend (2021-2026)
        8.4.4    Others
    8.5    Global Blood Collection Market by Application
        8.5.1    Diagnostics 
            8.5.1.1    Market Share
            8.5.1.2    Historical Trend (2016-2020)
            8.5.1.3    Forecast Trend (2021-2026)
        8.5.2    Treatment 
            8.5.2.1    Market Share
            8.5.2.2    Historical Trend (2016-2020)
            8.5.2.3    Forecast Trend (2021-2026)
    8.6    Global Blood Collection Market by End Use
        8.6.1    Hospitals 
            8.6.1.1    Market Share
            8.6.1.2    Historical Trend (2016-2020)
            8.6.1.3    Forecast Trend (2021-2026)
        8.6.2    Diagnostic Centres
            8.6.2.1    Market Share
            8.6.2.2    Historical Trend (2016-2020)
            8.6.2.3    Forecast Trend (2021-2026)
        8.6.3    Blood Banks  
            8.6.3.1    Market Share
            8.6.3.2    Historical Trend (2016-2020)
            8.6.3.3    Forecast Trend (2021-2026)
        8.6.4    Others
    8.7    Global Blood Collection Market by Region
        8.7.1    Market Share
            8.7.1.1    North America
            8.7.1.2    Europe
            8.7.1.3    Asia Pacific
            8.7.1.4    Latin America
            8.7.1.5    Middle East and Africa
9    Regional Analysis
    9.1    North America
        9.1.1    Historical Trend (2016-2020)
        9.1.2    Forecast Trend (2021-2026)
        9.1.3    Breakup by Country
            9.1.3.1    United States of America 
            9.1.3.2    Canada
    9.2    Europe
        9.2.1    Historical Trend (2016-2020)
        9.2.2    Forecast Trend (2021-2026)
        9.2.3    Breakup by Country 
            9.2.3.1    United Kingdom
            9.2.3.2    Germany
            9.2.3.3    France
            9.2.3.4    Italy
            9.2.3.5    Others
    9.3    Asia Pacific
        9.3.1    Historical Trend (2016-2020)
        9.3.2    Forecast Trend (2021-2026)
        9.3.3    Breakup by Country
            9.3.3.1    China
            9.3.3.2    Japan
            9.3.3.3    India
            9.3.3.4    ASEAN
            9.3.3.5    Australia
            9.3.3.6    Others
    9.4    Latin America
        9.4.1    Historical Trend (2016-2020)
        9.4.2    Forecast Trend (2021-2026)
        9.4.3    Breakup by Country
            9.4.3.1    Brazil
            9.4.3.2    Argentina
            9.4.3.3    Mexico
            9.4.3.4    Others
    9.5    Middle East and Africa
        9.5.1    Historical Trend (2016-2020)
        9.5.2    Forecast Trend (2021-2026)
        9.5.3    Breakup by Country
            9.5.3.1    Saudi Arabia
            9.5.3.2    United Arab Emirates
            9.5.3.3    Nigeria
            9.5.3.4    South Africa
            9.5.3.5    Others
10    Market Dynamics
    10.1    SWOT Analysis
        10.1.1    Strengths
        10.1.2    Weaknesses
        10.1.3    Opportunities
        10.1.4    Threats
    10.2    Porter’s Five Forces Analysis
        10.2.1    Supplier’s Power
        10.2.2    Buyer’s Power
        10.2.3    Threat of New Entrants
        10.2.4    Degree of Rivalry
        10.2.5    Threat of Substitutes
    10.3    EMR’s Key Indicators for Demand
    10.4    EMR’s Key Indicators for Price
11    Value Chain Analysis
12    Competitive Landscape

    12.1    Market Structure
    12.2    Company Profiles
        12.2.1    Abbott Laboratories 
            12.2.1.1    Company Overview
            12.2.1.2    Product Portfolio
            12.2.1.3    Demographic Reach and Achievements
            12.2.1.4    Certifications
        12.2.2    NIPRO Medical Corp.
            12.2.2.1    Company Overview
            12.2.2.2    Product Portfolio
            12.2.2.3    Demographic Reach and Achievements
            12.2.2.4    Certifications
        12.2.3    Becton, Dickinson and Company 
            12.2.3.1    Company Overview
            12.2.3.2    Product Portfolio
            12.2.3.3    Demographic Reach and Achievements
            12.2.3.4    Certifications
        12.2.4    Terumo Corp.
            12.2.4.1    Company Overview
            12.2.4.2    Product Portfolio
            12.2.4.3    Demographic Reach and Achievements
            12.2.4.4    Certifications
        12.2.5    Medtronic 
            12.2.5.1    Company Overview
            12.2.5.2    Product Portfolio
            12.2.5.3    Demographic Reach and Achievements
            12.2.5.4    Certifications
        12.2.6    Qiagen 
            12.2.6.1    Company Overview
            12.2.6.2    Product Portfolio
            12.2.6.3    Demographic Reach and Achievements
            12.2.6.4    Certifications
        12.2.7    Others
13    Industry Events and Developments

 

List of Figures and Tables

1.    Global Blood Collection Market: Key Industry Highlights, 2016 and 2026
2.    Global Blood Collection Historical Market: Breakup by Product (USD Billion), 2016-2020
3.    Global Blood Collection Market Forecast: Breakup by Product (USD Billion), 2021-2026
4.    Global Blood Collection Historical Market: Breakup by Application (USD Billion), 2016-2020
5.    Global Blood Collection Market Forecast: Breakup by Application (USD Billion), 2021-2026
6.    Global Blood Collection Historical Market: Breakup by End-Use (USD Billion), 2016-2020
7.    Global Blood Collection Market Forecast: Breakup by End-Use (USD Billion), 2021-2026
8.    Global Blood Collection Historical Market: Breakup by Region (USD Billion), 2016-2020
9.    Global Blood Collection Market Forecast: Breakup by Region (USD Billion), 2021-2026
10.    North America Blood Collection Historical Market: Breakup by Country (USD Billion), 2016-2020
11.    North America Blood Collection Market Forecast: Breakup by Country (USD Billion), 2021-2026
12.    Europe Blood Collection Historical Market: Breakup by Country (USD Billion), 2016-2020
13.    Europe Blood Collection Market Forecast: Breakup by Country (USD Billion), 2021-2026
14.    Asia Pacific Blood Collection Historical Market: Breakup by Country (USD Billion), 2016-2020
15.    Asia Pacific Blood Collection Market Forecast: Breakup by Country (USD Billion), 2021-2026
16.    Latin America Blood Collection Historical Market: Breakup by Country (USD Billion), 2016-2020
17.    Latin America Blood Collection Market Forecast: Breakup by Country (USD Billion), 2021-2026
18.    Middle East and Africa Blood Collection Historical Market: Breakup by Country (USD Billion), 2016-2020
19.    Middle East and Africa Blood Collection Market Forecast: Breakup by Country (USD Billion), 2021-2026
20.    Major Importing Countries by Volume (2020)
21.    Major Exporting Countries by Volume (2020)
22.    Major Importing Countries by Value (2020)
23.    Major Exporting Countries by Value (2020)
24.    North America Historical Price Trends and Forecast 2016-2026
25.    Europe Historical Price Trends and Forecast 2016-2026
26.    Asia Pacific Historical Price Trends and Forecast 2016-2026
27.    Latin America Historical Price Trends and Forecast 2016-2026
28.    Middle East and Africa Historical Price Trends and Forecast 2016-2026
29.    Global Blood Collection Market Structure

Key Questions Answered in the Report

In 2020, the global blood collection market attained a value of nearly USD 9.5 billion.

The market is projected to grow at a CAGR of 6.5% between 2021 and 2026.

The market is estimated to witness a healthy growth in the forecast period of 2021-2026 to reach USD 13.9 billion by 2026.

The major drivers of the industry, such as the increased prevalence of chronic illnesses worldwide such as blood cancer, rapidly growing geriatric population, and increasing initiatives by international organisations to raise awareness about blood collection and blood donation drives, are expected to aid the market growth.

The key market trends guiding the growth of the industry include the ongoing research and development activities around COVID-19, such as the increasing focus on routine blood tests as a potential COVID-19 detection test and the increasing demand for plasma donations and COVID-19 antibody testing.

The major regions in the industry are North America, Latin America, the Middle East and Africa, Europe, and the Asia Pacific.

The different blood collection products include needles and syringes, blood collection tubes, blood bags, and others.

The significant applications considered within the market report include diagnostics and treatment.

The significant end use segments considered within the market report include hospitals, diagnostic centres, blood banks, and others.

The major players in the industry are Abbott Laboratories, NIPRO Medical Corp, Becton, Dickinson and Company, Terumo Corp, Medtronic, Qiagen, and others.

Analyst Review

The global blood collection market attained a value of USD 9.5 billion in 2020, driven by the increased prevalence of blood-related disorders worldwide. Aided by the increased demand for antibody tests as a result of the Covid-19 pandemic, the market is expected to witness a further growth in the forecast period of 2021-2026, growing at a CAGR of 6.5%. The market is projected to reach USD 13.9 billion by 2026.

EMR’s meticulous research methodology delves deep into the market, covering the macro and micro aspects of the industry. Based on product, the market can be distributed into needles and syringes, blood collection tubes, blood bags, and others. By application, the industry can be segmented into diagnostics and treatment. On the basis of end use, the industry can be segregated into hospitals, diagnostic centres, blood banks, and others. The major regional markets for blood collection are North America, Europe, the Asia Pacific, Latin America, and the Middle East and Africa. The key players in the above market include Abbott Laboratories, NIPRO Medical Corp, Becton, Dickinson and Company, Terumo Corp, Medtronic, Qiagen, and others.

EMR’s research methodology uses a combination of cutting-edge analytical tools and the expertise of their highly accomplished team, thus, providing their customers with market insights that are accurate, actionable, and help them remain ahead of their competition.

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