IMARC Group, a leading market research company, has recently releases report titled “Blood Collection Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2023-2028.” The study provides a detailed analysis of the industry, including the global blood collection market share, size, trends, and growth forecasts. The report also includes competitor and regional analysis and highlights the latest advancements in the market. 

Report Highlights

How big is the blood collection market?

The global blood collection market size reached US$ 6.6 Billion in 2022. Looking forward, IMARC Group expects the market to reach US$ 9.0 Billion by 2028, exhibiting a growth rate (CAGR) of 5.1% during 2023-2028.

What is Blood Collection?

Blood collection refers to the process of obtaining blood samples from individuals for diagnostic or therapeutic purposes. It relies on a sterile needle and collection tubes to draw blood from a vein in the arm. It is a crucial procedure in healthcare settings and plays a vital role in various medical investigations, treatments, and research activities. It allows healthcare professionals to assess the functioning of various organs and systems in the body. It can also provide valuable insights about blood cell counts, cholesterol levels, glucose levels, liver and kidney function, and hormone levels of individuals.

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What are the growth prospects and trends in the blood collection industry?

At present, the rising prevalence of chronic diseases, along with the growing number of surgical procedures, represents one of the major factors offering a favorable market outlook. Besides this, the increasing demand for blood collection to support medical research and the development of new treatments and therapies is propelling the growth of the market.

In addition, the growing utilization of blood samples in scientific studies to understand disease mechanisms, discover biomarkers, and test the effectiveness of drugs or therapies is strengthening the growth of the market.

Moreover, the rising demand for blood collection, as it enables the identification of infections, such as human immunodeficiency virus (HIV), hepatitis, and bacterial or viral diseases among the masses, is bolstering the growth of the market.

What is included in market segmentation?

The report has segmented the market into the following categories:

Breakup by Product:

·      Needles and Syringes

·      Blood Collection Tubes

o   Serum-separating

o   EDTA

o   Heparin

o   Plasma-separating

·      Blood Bags

·      Others
 

Breakup by Application:

·      Diagnostics

·      Treatment
 

Breakup by End Use:

·      Hospitals

·      Diagnostics Centers

·      Blood Banks

·      Others

Market Breakup by Region:

• North America (United States, Canada)
• Asia Pacific (China, Japan, India, South Korea, Australia, Indonesia, Others)
• Europe (Germany, France, United Kingdom, Italy, Spain, Russia, Others)
• Latin America (Brazil, Mexico, Others)
• Middle East and Africa

Who are the key players operating in the industry?

The report covers the major market players including: 

Abbott Laboratories, Becton Dickinson and Company, FL MEDICAL s.r.l., Greiner AG, Haemonetics Corporation, McKesson Corporation, Medtronic plc, Nipro Corporation, Qiagen N.V., Quest Diagnostics, Sarstedt AG & Co. KG and Terumo Corporation.

If you require any specific information that is not covered currently within the scope of the report, we will provide the same as a part of the customization.

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