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.
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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.
·
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
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more detailed TOC @ https://www.marketsandmarkets.com/Market-Reports/blood-collection-market-39733117.html
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.
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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.
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