Blood Collection Market Growth, Industry Analysis | Global and Regional Market Forecast to 2028

The Global Blood Collection Market size is expected to reach USD 7.58 Billion in 2028 at a steady CAGR, according to latest analysis by Emergen Research.

The Blood Collection Market report covers the scope of individual applications and types in each region. The report also covers details about production and consumption patterns, technological developments, revenue growth, market size, market share, key trends and demands influencing market growth in the region, and robust presence of key players in the region.

Market revenue growth is significantly driven by major prevalence of infectious diseases and chronic disorders, advent of liquid biopsy tests, and increasing demand for blood components. Blood collection is very crucial for specific diagnostic tests to determine effective treatment procedures. Blood samples can be collected from fingertip, arm, ear, and other parts based on the analysis to be produced.

Major blood collection methods are arterial sampling, fingerstick sampling, and venipuncture sampling. Fingerstick sampling involves collection of a very small amount of blood from the tip of a finger. This method is used for determining blood sugar level, hemoglobin level, iron deficiency, cholesterol level, find blood type, and others. Rapid technological advancements and application of automation technology in blood collection processes have resulted in attaining more accurate data within a short period of time. Hospital and nursing home segment accounted for majority revenue share in the global market in 2020.

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Target Audience of the Report:

Leading Companies
Large, medium-sized, and small enterprises
Investors
Value-Added Resellers (VARs)
Venture capitalists
Third-party knowledge providers

Some Key Findings From the Report:

In March 2021, Reperio raised a seed capital of USD 6 million from Caduceus Capital Partners and Rogue Venture Partners. This investment will help Reperio to provide at-home medical test subscription service. This service offers blood test for measuring cholesterols, triglycerides and glucose level, blood pressure, resting heart rate, BMI, and relative fat mass.
Needles segment is expected to register a 6.2% CAGR throughout the forecast period. High affordability, repeat purchase, and rising ease of use are major factors boosting revenue growth of this segment.
Asia Pacific is expected to register the fastest revenue CAGR throughout the forecast period. Growing number of blood donation campaigns and major technological developments in healthcare infrastructure are key factors propelling revenue growth of the market in this region.

Based on the competitive landscape, the market report analyzes the key companies operating in the industry:

Becton, Dickinson and Company
Terumo BCT
Fresenius Kabi AG
Grifols
Nipro Medical Corporation
Quest Diagnostics
SARSTEDT AG Co.
Macopharma
Smiths Medical
Others

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The global Blood Collection market report covers the analysis of drivers, trends, limitations, restraints, and challenges arising in the Blood Collection market. The report also discusses the impact of various other market factors affecting the growth of the market across various segments and regions. The report segments the market on the basis of types, applications, and regions to impart a better understanding of the Blood Collection market.

For the purpose of this report, Emergen Research has segmented the global blood collection market based on product, method, application, end-use, and region:

Product Outlook (Revenue, USD Billion; 2018–2028)

Needles
Tubes
Blood Bags
Monitors
Others

Method Outlook (Revenue, USD Billion; 2018–2028)

Automated
Manual

Application Outlook (Revenue, USD Billion; 2018–2028)

Therapeutic
Diagnostics

End-Use Outlook (Revenue, USD Billion; 2018–2028)

Hospital and Nursing Home
Diagnostic Pathology Laboratories
Blood Banks
Others

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Additionally, the report covers the analysis of the key players in the industry with a special focus on their global position, financial status, and their recent developments. Porter’s Five Forces Analysis and SWOT analysis have been covered by the report to provide relevant data on the competitive landscape.

Regional Outlook (Revenue: USD Billion; 2018–2028)

North America (U.S., Canada)
Europe (U.K., Italy, Germany, France, Rest of EU)
Asia-Pacific (India, Japan, China, South Korea, Australia, Rest of APAC)
Latin America (Chile, Brazil, Argentina, Rest of Latin America)
Middle East Africa (Saudi Arabia, U.A.E., South Africa, Rest of MEA)

Key Benefits of Buying the Global Blood Collection Report:

Comprehensive analysis of the changing competitive landscape
Assists in decision making processes for the businesses along with detailed strategic planning methodologies
The report offers an 8-year forecast and assessment of the Global Blood Collection Market
Helps in understanding the key product segments and their estimated growth rate
In-depth analysis of market drivers, restraints, trends, and opportunities
Comprehensive regional analysis of the Global Blood Collection Market
Extensive profiling of the key stakeholders of the business sphere
Detailed analysis of the factors influencing the growth of the Global Blood Collection Market

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