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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 (2018-2028); 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 2023-2028 to attain USD 13.9 billion by 2026.
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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.
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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.
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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.
| REPORT FEATURES | DETAILS |
|---|---|
| Base Year | 2022 |
| Historical Period | 2018-2022 |
| Forecast Period | 2023-2028 |
| 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, 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. |
*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
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 Opportunities and Challenges in the Market
8 Global Blood Collection Market Analysis
8.1 Key Industry Highlights
8.2 Global Blood Collection Historical Market (2018-2022)
8.3 Global Blood Collection Market Forecast (2023-2028)
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 (2018-2022)
8.4.1.3 Forecast Trend (2023-2028)
8.4.2 Blood Collection Tubes
8.4.2.1 Market Share
8.4.2.2 Historical Trend (2018-2022)
8.4.2.3 Forecast Trend (2023-2028)
8.4.3 Blood Bags
8.4.3.1 Market Share
8.4.3.2 Historical Trend (2018-2022)
8.4.3.3 Forecast Trend (2023-2028)
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 (2018-2022)
8.5.1.3 Forecast Trend (2023-2028)
8.5.2 Treatment
8.5.2.1 Market Share
8.5.2.2 Historical Trend (2018-2022)
8.5.2.3 Forecast Trend (2023-2028)
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 (2018-2022)
8.6.1.3 Forecast Trend (2023-2028)
8.6.2 Diagnostic Centres
8.6.2.1 Market Share
8.6.2.2 Historical Trend (2018-2022)
8.6.2.3 Forecast Trend (2023-2028)
8.6.3 Blood Banks
8.6.3.1 Market Share
8.6.3.2 Historical Trend (2018-2022)
8.6.3.3 Forecast Trend (2023-2028)
8.6.4 Others
8.7 Global Blood Collection Market by Region
8.7.1 North America
8.7.1.1 Market Share
8.7.1.2 Historical Trend (2018-2022)
8.7.1.3 Forecast Trend (2023-2028)
8.7.2 Europe
8.7.2.1 Market Share
8.7.2.2 Historical Trend (2018-2022)
8.7.2.3 Forecast Trend (2023-2028)
8.7.3 Asia Pacific
8.7.3.1 Market Share
8.7.3.2 Historical Trend (2018-2022)
8.7.3.3 Forecast Trend (2023-2028)
8.7.4 Latin America
8.7.4.1 Market Share
8.7.4.2 Historical Trend (2018-2022)
8.7.4.3 Forecast Trend (2023-2028)
8.7.5 Middle East and Africa
8.7.5.1 Market Share
8.7.5.2 Historical Trend (2018-2022)
8.7.5.3 Forecast Trend (2023-2028)
9 North America Blood Collection Market Analysis
9.1 United States of America
9.1.1 Market Share
9.1.2 Historical Trend (2018-2022)
9.1.3 Forecast Trend (2023-2028)
9.2 Canada
9.2.1 Market Share
9.2.2 Historical Trend (2018-2022)
9.2.3 Forecast Trend (2023-2028)
10 Europe Blood Collection Market Analysis
10.1 United Kingdom
10.1.1 Market Share
10.1.2 Historical Trend (2018-2022)
10.1.3 Forecast Trend (2023-2028)
10.2 Germany
10.2.1 Market Share
10.2.2 Historical Trend (2018-2022)
10.2.3 Forecast Trend (2023-2028)
10.3 France
10.3.1 Market Share
10.3.2 Historical Trend (2018-2022)
10.3.3 Forecast Trend (2023-2028)
10.4 Italy
10.4.1 Market Share
10.4.2 Historical Trend (2018-2022)
10.4.3 Forecast Trend (2023-2028)
10.5 Others
11 Asia Pacific Blood Collection Market Analysis
11.1 China
11.1.1 Market Share
11.1.2 Historical Trend (2018-2022)
11.1.3 Forecast Trend (2023-2028)
11.2 Japan
11.2.1 Market Share
11.2.2 Historical Trend (2018-2022)
11.2.3 Forecast Trend (2023-2028)
11.3 India
11.3.1 Market Share
11.3.2 Historical Trend (2018-2022)
11.3.3 Forecast Trend (2023-2028)
11.4 ASEAN
11.4.1 Market Share
11.4.2 Historical Trend (2018-2022)
11.4.3 Forecast Trend (2023-2028)
11.5 Australia
11.5.1 Market Share
11.5.2 Historical Trend (2018-2022)
11.5.3 Forecast Trend (2023-2028)
11.6 Others
12 Latin America Blood Collection Market Analysis
12.1 Brazil
12.1.1 Market Share
12.1.2 Historical Trend (2018-2022)
12.1.3 Forecast Trend (2023-2028)
12.2 Argentina
12.2.1 Market Share
12.2.2 Historical Trend (2018-2022)
12.2.3 Forecast Trend (2023-2028)
12.3 Mexico
12.3.1 Market Share
12.3.2 Historical Trend (2018-2022)
12.3.3 Forecast Trend (2023-2028)
12.4 Others
13 Middle East and Africa Blood Collection Market Analysis
13.1 Saudi Arabia
13.1.1 Market Share
13.1.2 Historical Trend (2018-2022)
13.1.3 Forecast Trend (2023-2028)
13.2 United Arab Emirates
13.2.1 Market Share
13.2.2 Historical Trend (2018-2022)
13.2.3 Forecast Trend (2023-2028)
13.3 Nigeria
13.3.1 Market Share
13.3.2 Historical Trend (2018-2022)
13.3.3 Forecast Trend (2023-2028)
13.4 South Africa
13.4.1 Market Share
13.4.2 Historical Trend (2018-2022)
13.4.3 Forecast Trend (2023-2028)
13.5 Others
14 Market Dynamics
14.1 SWOT Analysis
14.1.1 Strengths
14.1.2 Weaknesses
14.1.3 Opportunities
14.1.4 Threats
14.2 Porter’s Five Forces Analysis
14.2.1 Supplier’s Power
14.2.2 Buyer’s Power
14.2.3 Threat of New Entrants
14.2.4 Degree of Rivalry
14.2.5 Threat of Substitutes
14.3 Key Indicators for Demand
14.4 Key Indicators for Price
15 Value Chain Analysis
16 Competitive Landscape
16.1 Market Structure
16.2 Company Profiles
16.2.1 Abbott Laboratories
16.2.1.1 Company Overview
16.2.1.2 Product Portfolio
16.2.1.3 Demographic Reach and Achievements
16.2.1.4 Certifications
16.2.2 NIPRO Medical Corp.
16.2.2.1 Company Overview
16.2.2.2 Product Portfolio
16.2.2.3 Demographic Reach and Achievements
16.2.2.4 Certifications
16.2.3 Becton, Dickinson and Company
16.2.3.1 Company Overview
16.2.3.2 Product Portfolio
16.2.3.3 Demographic Reach and Achievements
16.2.3.4 Certifications
16.2.4 Terumo Corp.
16.2.4.1 Company Overview
16.2.4.2 Product Portfolio
16.2.4.3 Demographic Reach and Achievements
16.2.4.4 Certifications
16.2.5 Medtronic
16.2.5.1 Company Overview
16.2.5.2 Product Portfolio
16.2.5.3 Demographic Reach and Achievements
16.2.5.4 Certifications
16.2.6 Qiagen
16.2.6.1 Company Overview
16.2.6.2 Product Portfolio
16.2.6.3 Demographic Reach and Achievements
16.2.6.4 Certifications
16.2.7 Others
17 Key Trends and Developments in the Market
List of Key Figures and Tables
1. Global Blood Collection Market: Key Industry Highlights, 2018 and 2028
2. Global Blood Collection Historical Market: Breakup by Product (USD Billion), 2018-2022
3. Global Blood Collection Market Forecast: Breakup by Product (USD Billion), 2023-2028
4. Global Blood Collection Historical Market: Breakup by Application (USD Billion), 2018-2022
5. Global Blood Collection Market Forecast: Breakup by Application (USD Billion), 2023-2028
6. Global Blood Collection Historical Market: Breakup by End-Use (USD Billion), 2018-2022
7. Global Blood Collection Market Forecast: Breakup by End-Use (USD Billion), 2023-2028
8. Global Blood Collection Historical Market: Breakup by Region (USD Billion), 2018-2022
9. Global Blood Collection Market Forecast: Breakup by Region (USD Billion), 2023-2028
10. North America Blood Collection Historical Market: Breakup by Country (USD Billion), 2018-2022
11. North America Blood Collection Market Forecast: Breakup by Country (USD Billion), 2023-2028
12. Europe Blood Collection Historical Market: Breakup by Country (USD Billion), 2018-2022
13. Europe Blood Collection Market Forecast: Breakup by Country (USD Billion), 2023-2028
14. Asia Pacific Blood Collection Historical Market: Breakup by Country (USD Billion), 2018-2022
15. Asia Pacific Blood Collection Market Forecast: Breakup by Country (USD Billion), 2023-2028
16. Latin America Blood Collection Historical Market: Breakup by Country (USD Billion), 2018-2022
17. Latin America Blood Collection Market Forecast: Breakup by Country (USD Billion), 2023-2028
18. Middle East and Africa Blood Collection Historical Market: Breakup by Country (USD Billion), 2018-2022
19. Middle East and Africa Blood Collection Market Forecast: Breakup by Country (USD Billion), 2023-2028
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 2018-2028
25. Europe Historical Price Trends and Forecast 2018-2028
26. Asia Pacific Historical Price Trends and Forecast 2018-2028
27. Latin America Historical Price Trends and Forecast 2018-2028
28. Middle East and Africa Historical Price Trends and Forecast 2018-2028
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 2023-2028 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 2023-2028, 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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