Blood Collection Market worth 10.59 Billion USD - Global Forecast to 2022



The global blood collection market is expected to reach USD 10.59 Billion by 2022 from USD 8.10 Billion in 2017, at a CAGR of 5.5%. Increasing prevalence of diseases, demand for liquid biopsy, growing demand for blood components, and increasing number of surgeries and accidental cases are the factors driving the growth of the market.



According to the new market research report "Blood Collection Market by Product (Serum Tube, Plasma Tube, EDTA, Heparin, Coagulation, Glucose, Needle, Lancet, ESR, Syringe, Blood Bag), Method (Manual, Automated), End User (Hospital, Blood Bank Center, Academics, Home Care) - Global Forecast to 2022", published by MarketsandMarkets™, analyzes and studies the major market drivers, restraints/challenges, and opportunities.

Don’t miss out on business opportunities in Blood Collection Market.

Speak to our analyst and gain crucial industry insights that will help your business grow:
Blood collection is the process of acquiring blood samples from the donor for performing laboratory diagnostic tests and treating patients. This is an integral part of the blood management procedure in hospitals and blood banks centers. The global blood collection market is expected to reach USD 10.59 Billion by 2022 from USD 8.10 Billion in 2017, at a CAGR of 5.5% during forecast period. The increasing prevalence of various diseases, rising number of surgeries, and growing number of accidental and trauma cases are fueling the demand for blood collection products.

Objectives of the Study
·         To define, describe, and forecast the global blood collection market by product, method, end user, and region
·         To provide detailed information regarding the major factors influencing the growth of the market (drivers, restraints, opportunities, and challenges)
·         To strategically analyze the micromarkets with respect to individual growth trends, prospects, and contributions to the overall market
·         To analyze the opportunities in the market for stakeholders and provide details of the competitive landscape for market players
·         To forecast the size of the market segments with respect to four main regions, namely, North America, Europe, Asia Pacific (APAC), and the Rest of the World (RoW)
·         To profile the key players and comprehensively analyze their market shares and core competencies
·         To track and analyze competitive developments such as acquisitions, product launches, expansions, agreements & collaborations, and approvals in the global blood collection market

Browse and in-depth TOC on "Blood Collection Market 105 - Tables 29 - Figures 133 - Pages



The growing number of accidental and trauma cases, rising number of surgeries, emergence of liquid biopsy, rise in the demand for blood components, and increasing prevalence of various diseases are the factors driving market growth.
The blood collection market is segmented into product, method, end user, and region. Based on product, the market is further divided by blood collection tubes, needles and syringes, blood bags, blood collection devices, and lancets. The blood collection tubes segment is expected to dominate the market in 2017. Blood collection tubes enable the easy collection and multiple sample collection from a single venipuncture; this is driving its adoption in a wide range of applications.


Based on method, the blood collection market is segmented into manual blood collection and automated blood collection. The manual blood collection segment is expected to account for the largest share of the market in 2017. Lower costs (as compared to automated blood collection), high demand for whole blood transfusions, and the availability of a wide range of products for this method are the major factors driving market growth in this segment.
Based on end user, the market is further segmented into hospitals and pathology laboratories, blood banks, and other end users. In 2017, hospitals and pathology laboratories segment is expected to hold the largest share of the global blood collection market. The increasing prevalence of diseases that require blood diagnosis is a key market driver for this end-user segment.
Geographically, the global blood collection market is segmented into North America, Europe, Asia Pacific (APAC), and the Rest of the World (RoW). North America is expected to account for the largest share of the global market in 2017. The large share of the North American region is mainly attributed to factors such as government initiatives for blood safety, increasing prevalence of lifestyle diseases, the presence of key players, and increasing adoption of automated blood collection devices in this region. The APAC region is expected to grow at the highest CAGR over the next five years. A large population base, improving healthcare infrastructure, growing medical tourism, increasing number of hospitals, and rising disposable incomes in the region are expected to offer significant growth opportunities for key players operating in the market.

Browse Adjacent Markets @ Medical Devices Market Research Reports & Consulting

About MarketsandMarkets™

MarketsandMarkets™ provides quantified B2B research on 30,000 high growth niche opportunities/threats which will impact 70% to 80% of worldwide companies’ revenues. Currently servicing 7500 customers worldwide including 80% of global Fortune 1000 companies as clients. Almost 75,000 top officers across eight industries worldwide approach MarketsandMarkets™ for their painpoints around revenues decisions.

Our 850 fulltime analyst and SMEs at MarketsandMarkets™ are tracking global high growth markets following the "Growth Engagement Model – GEM". The GEM aims at proactive collaboration with the clients to identify new opportunities, identify most important customers, write "Attack, avoid and defend" strategies, identify sources of incremental revenues for both the company and its competitors. MarketsandMarkets™ now coming up with 1,500 MicroQuadrants (Positioning top players across leaders, emerging companies, innovators, strategic players) annually in high growth emerging segments. MarketsandMarkets™ is determined to benefit more than 10,000 companies this year for their revenue planning and help them take their innovations/disruptions early to the market by providing them research ahead of the curve.

MarketsandMarkets’s flagship competitive intelligence and market research platform, "Knowledge Store" connects over 200,000 markets and entire value chains for deeper understanding of the unmet insights along with market sizing and forecasts of niche markets.

Contact Us:
Mr. Shelly Singh
MarketsandMarkets™ INC.
630 Dundee Road
Suite 430
Northbrook, IL 60062
USA: +1-888-600-6441
Email: 
sales@marketsandmarkets.com
Research Insight: https://www.marketsandmarkets.com/ResearchInsight/blood-collection-market.asp

Comments

Popular posts from this blog

Medical Connectors Market Indicates Impressive Growth Rate in Healthcare Industry

Medical Connectors Market: Growth in the Medical Devices Market

COVID-19 Impact on Home Healthcare Market: Rising focus on Telehealth