Blood Collection Market: Rising Number of Accidents and Trauma Cases
Growth of this market include the increasing incidence of infectious diseases, the rising number of accidents & trauma cases, the emergence of liquid biopsy tests, and a demand for blood donations and blood components. The global blood collection devices market is projected to reach USD 6.4 billion by 2025 from USD 4.8 billion in 2020, at a CAGR of 6.0% between 2020 and 2025. COVID-19 Impact on Blood Collection Market The COVID-19 outbreak is an unprecedented global public health challenge and is expected to have a significant impact on the blood collection devices market. Both hospital and independent laboratories are generally reviewing each test to decide whether to recommend consultations with laboratory hematologists for tests with a higher risk profile or not offer tests that could not be performed safely. This affected the market negatively in the first few months of the pandemic, reducing the use of blood collection devices. However, increasing caution and...