Blood Collection Market size by Industry Insight Analysis, Segments, Top Key Players, Drivers and Trends to 2027

 Market Highlights:

The Global Blood Collection Market is expected to grow at a CAGR of 6.1% during the forecast period. Increasing prevalence of chronic conditions, advancements in healthcare facilities, and favorable funding policies are expected to drive the market growth over the forecast period. According to the World Health Organization (WHO), there are over 35 Million healthcare workers and these workers face an increased risk of infection from blood-borne pathogens simply because of their exposure to blood and other body fluids. However, blood contamination and injury caused by blood collection devices can restrain the market growth over the assessment period.

Regional Analysis:
Geographically, the Americas is expected to dominate the global market owing to the increasing prevalence of infectious diseases and rising geriatric population. According to the data suggested by the Centers for Disease Control and Prevention (CDC) in 2016, nearly 9,272 cases of tuberculosis, 53,850 cases of salmonella, 36,429 cases of Lyme disease and 375 cases of meningococcal disease were registered in the United States. Europe is expected to hold the second largest position in the global market owing to the rising participation of leading market players and favorable reimbursement and funding policies. For instance, in 2015, Medtronic acquired Covidien plc to expand its product portfolio in medical devices and to tap new markets. Asia-Pacific is expected to be the fastest growing market owing to the presence of a large patient pool and improving healthcare infrastructure. Moreover, the Middle East and Africa region is expected to account for the least market share in the global market.

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Segmentation:
The Global Blood Collection Market has been segmented into type of blood collection, product, method, and end user.The market, on the basis of type of blood collection, has been segmented into capillary blood collection, venous blood collection, and vacuum blood collection.The market, by product, has been segmented into blood collection devices, blood collection tubes and collector, needles and syringes, warming devices, blood bags, lancets, and others. The blood collection tubes and collector segment is further classified as serum collection tubes, and plasma or whole blood collection tubes. The plasma or whole blood collection tubes segment includes EDTA tubes, heparin tubes, coagulation tubes, glucose tubes, and ESR tubes. The blood collection tubes and collector is expected to hold the largest market share owing to the growing demand for early diagnosis of chronic conditions.

The market, by method, has been segmented into automated blood collection and manual blood collection.The market, by end user, has been segmented into hospitals & clinics, diagnostic centres and pathology laboratories, home diagnostics, blood banks, and others.

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Key Players:
Some of the prominent players in the global blood collection market are BD, Medtronic, Terumo, Haemonetics, Fresenius, Nipro Medical, Kawasumi Laboratories, F.L. Medical, Greiner Holding, Grifols, B. Braun Melsungen AG, Thermo Fisher Scientific Inc., HTL-STREFA S.A., Sarstedt AG & Co and others.