Blood Collection Tubes Market for Plasma/Whole Blood Needles and Syringes Market

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.

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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.

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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.

Major Players:
Some of the key players in the blood collection market are BD (US), Medtronic (US), and Terumo (Japan).