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Blood Collection Market

Global Blood Collection Market Share, Size, Growth, Report, Price, Analysis, Forecast: By Product: Needles and Syringes, Blood Collection Tubes, Blood Bags, Others; By Application: Diagnostic, Treatment; By End User: Hospital, Blood Bank Center, Academics, Homecare; Regional Analysis; Market Dynamics; Supplier Landscape; 2024-2032

Global Blood Collection Market Outlook

The global blood collection market value in 2023 was USD 8.49 billion, driven by the increasing prevalence of infectious and non-communicable diseases across the globe. The global blood collection market size is anticipated to grow at a CAGR of 6.1% reaching USD 14.46 billion by 2032.

 

Global Blood Collection Market

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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.

 

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: Market 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.

 

Global Blood Collection Market by Segment

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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.

 

Global Blood Collection Market by Region

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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.

 

Key Highlights of the Report

REPORT FEATURES DETAILS
Base Year 2023
Historical Period 2017-2023
Forecast Period 2024-2032
Scope of the Report

Historical and Forecast Trends, Industry Drivers and Constraints, Historical and Forecast Market Analysis by Segment:

  • Product
  • Application
  • End User
  • Region
Breakup by Product
  • Needles and Syringes
  • Blood Collection Tubes
  • Blood Bags
  • Others
Breakup by Application
  • Diagnostic
  • Treatment
Breakup by End User
  • Hospital
  • Blood Bank Center
  • Academics
  • Homecare
Breakup by Region
  • North America
  • Europe
  • Asia Pacific
  • Latin America
  • Middle East and Africa
Market Dynamics
  • Market Drivers and Constraints
  • SWOT Analysis
  • Porter’s Five Forces Model 
  • Key Demand Indicators
  • Key Price Indicators
  • Industry Events, Initiatives, and Trends 
  • Value Chain Analysis
Supplier Landscape
  • Market Structure
  • Company Profiles
    • Financial Analysis
    • Product Portfolio
    • Demographic Reach and Achievements
    • Mergers and Acquisitions
    • Certifications
Companies Covered
  • Abbott Laboratories
  • NIPRO Medical Corp.
  • Becton, Dickinson and Company
  • Terumo Corp.
  • Medtronic
  • Qiagen
  • Abbott Laboratories
  • FL MEDICAL s.r.l.
  • Greiner Holding AG
  • Haemonetics Corp.
  • Sarstedt AG & Co.

 

*At Expert Market Research, we strive to always give you current and accurate information. The numbers depicted in the description are indicative and may differ from the actual numbers in the final EMR report.

1    Preface
    1.1    Objectives of the Study
    1.2    Key Assumptions
    1.3    Report Coverage – Key Segmentation and Scope
    1.4    Research Methodology
2    Executive Summary
3    Global Blood Collection Market Overview

    3.1    Global Blood Collection Market Historical Value (2017-2023)
    3.2    Global Blood Collection Market Forecast Value (2024-2032)
4    Global Blood Collection Market Landscape
    4.1    Global Blood Collection Developers Landscape
        4.1.1    Analysis by Year of Establishment
        4.1.2    Analysis by Company Size
        4.1.3    Analysis by Region
    4.2    Global Blood Collection Product Landscape
        4.2.1    Analysis by Product Type
        4.2.2    Analysis by Applications
        4.2.3    Analysis by End User
5    Global Blood Collection Market Dynamics
    5.1    Market Drivers and Constraints
    5.2    SWOT Analysis
    5.3    Porter’s Five Forces Model 
    5.4    Key Demand Indicators
    5.5    Key Price Indicators
    5.6    Industry Events, Initiatives, and Trends 
    5.7    Value Chain Analysis
6    Global Blood Collection Market Segmentation
    6.1    Global Blood Collection Market by Product
        6.1.1    Market Overview
        6.1.2    Needles and Syringes
        6.1.3    Blood Collection Tubes 
        6.1.4    Blood Bags
        6.1.5    Others
    6.2    Global Blood Collection Market by Application
        6.2.1    Market Overview
        6.2.2    Diagnostic
        6.2.3    Treatment
    6.3    Global Blood Collection Market by End User
        6.3.1    Market Overview
        6.3.2    Hospital
        6.3.3    Blood Bank Center
        6.3.4    Academics
        6.3.5    Homecare
    6.4    Global Blood Collection Market by Region
        6.4.1    Market Overview
        6.4.2    North America 
        6.4.3    Europe
        6.4.4    Asia Pacific
        6.4.5    Latin America
        6.4.6    Middle East and Africa
7    North America Blood Collection Market
    7.1    Market Share by Country
    7.2    United States of America
    7.3    Canada
8    Europe Blood Collection Market
    8.1    Market Share by Country
    8.2    United Kingdom
    8.3    Germany
    8.4    France
    8.5    Italy
    8.6    Others
9    Asia Pacific Blood Collection Market
    9.1    Market Share by Country
    9.2    China
    9.3    Japan
    9.4    India
    9.5    ASEAN
    9.6    Australia
    9.7    Others
10    Latin America Blood Collection Market
    10.1    Market Share by Country
    10.2    Brazil
    10.3    Argentina
    10.4    Mexico
    10.5    Others
11    Middle East and Africa Blood Collection Market
    11.1    Market Share by Country
    11.2    Saudi Arabia
    11.3    United Arab Emirates
    11.4    Nigeria
    11.5    South Africa
    11.6    Others
12    Patent Analysis
    12.1    Analysis by Type of Patent
    12.2    Analysis by Publication year
    12.3    Analysis by Issuing Authority
    12.4    Analysis by Patent Age
    12.5    Analysis by CPC Analysis
    12.6    Analysis by Patent Valuation 
    12.7    Analysis by Key Players
13    Grants Analysis
    13.1    Analysis by year
    13.2    Analysis by Amount Awarded
    13.3    Analysis by Issuing Authority
    13.4    Analysis by Grant Application
    13.5    Analysis by Funding Institute
    13.6    Analysis by NIH Departments
    13.7    Analysis by Recipient Organization 
14    Funding Analysis
    14.1    Analysis by Funding Instances
    14.2    Analysis by Type of Funding
    14.3    Analysis by Funding Amount
    14.4    Analysis by Leading Players
    14.5    Analysis by Leading Investors
    14.6    Analysis by Geography
15    Partnership and Collaborations Analysis
    15.1    Analysis by Partnership Instances
    15.2    Analysis by Type of Partnership
    15.3    Analysis by Leading Players
    15.4    Analysis by Geography
16    Regulatory Framework
    16.1    Regulatory Overview
        16.1.1    US FDA
        16.1.2    EU EMA
        16.1.3    INDIA CDSCO
        16.1.4    JAPAN PMDA
        16.1.5    Others
17    Supplier Landscape
    17.1    Abbott Laboratories
        17.1.1    Financial Analysis
        17.1.2    Product Portfolio
        17.1.3    Demographic Reach and Achievements
        17.1.4    Mergers and Acquisitions
        17.1.5    Certifications
    17.2     NIPRO Medical Corp.
        17.2.1    Financial Analysis
        17.2.2    Product Portfolio
        17.2.3    Demographic Reach and Achievements
        17.2.4    Mergers and Acquisitions
        17.2.5    Certifications
    17.3     Becton, Dickinson and Company
        17.3.1    Financial Analysis
        17.3.2    Product Portfolio
        17.3.3    Demographic Reach and Achievements
        17.3.4    Mergers and Acquisitions
        17.3.5    Certifications
    17.4    Terumo Corp.
        17.4.1    Financial Analysis
        17.4.2    Product Portfolio
        17.4.3    Demographic Reach and Achievements
        17.4.4    Mergers and Acquisitions
        17.4.5    Certifications
    17.5    Medtronic
        17.5.1    Financial Analysis
        17.5.2    Product Portfolio
        17.5.3    Demographic Reach and Achievements
        17.5.4    Mergers and Acquisitions
        17.5.5    Certifications
    17.6    Qiagen
        17.6.1    Financial Analysis
        17.6.2    Product Portfolio
        17.6.3    Demographic Reach and Achievements
        17.6.4    Mergers and Acquisitions
        17.6.5    Certifications
    17.7    Abbott Laboratories
        17.7.1    Financial Analysis
        17.7.2    Product Portfolio
        17.7.3    Demographic Reach and Achievements
        17.7.4    Mergers and Acquisitions
        17.7.5    Certifications
    17.8    FL MEDICAL s.r.l.
        17.8.1    Financial Analysis
        17.8.2    Product Portfolio
        17.8.3    Demographic Reach and Achievements
        17.8.4    Mergers and Acquisitions
        17.8.5    Certifications
    17.9    Greiner Holding AG
        17.9.1    Financial Analysis
        17.9.2    Product Portfolio
        17.9.3    Demographic Reach and Achievements
        17.9.4    Mergers and Acquisitions
        17.9.5    Certifications
    17.10    Haemonetics Corp.
        17.10.1    Financial Analysis
        17.10.2    Product Portfolio
        17.10.3    Demographic Reach and Achievements
        17.10.4    Mergers and Acquisitions
        17.10.5    Certifications
    17.11    Sarstedt AG & Co.
        17.11.1    Financial Analysis
        17.11.2    Product Portfolio
        17.11.3    Demographic Reach and Achievements
        17.11.4    Mergers and Acquisitions
        17.11.5    Certifications
18    Global Blood Collection Market- Distribution Model (Additional Insight)
    18.1    Overview 
    18.2    Potential Distributors 
    18.3    Key Parameters for Distribution Partner Assessment 
19    Key Opinion Leaders (KOL) Insights (Additional Insight)
20    Company Competitiveness Analysis (Additional Insight)

    20.1    Very Small Companies
    20.2    Small Companies
    20.3    Mid-Sized Companies
    20.4    Large Companies
    20.5    Very Large Companies
21    Payment Methods (Additional Insight)
    21.1    Government Funded
    21.2    Private Insurance
    21.3    Out-of-Pocket

 

*Additional insights provided are customisable as per client requirements.

Key Questions Answered in the Report

The blood collection Market was valued at USD 8.49 billion in 2023.

The market is expected to grow at a CAGR of 6.1% from 2024 to 2032 to reach a value of USD 14.46 billion by 2032.

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.

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