Blood Collection Market size is expected to grow significantly from 2020 to 2026. Blood is collected as a whole blood by blood donation method, and further, it can be divided into several other elements by a process known as apheresis. Blood samples are taken from arm, figure, ear and hand, depending on the analysis to be made. The blood collection can be done by two methods including automated and manual that will accelerate the business progression over the forthcoming years.
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Increasing number of accidents, as well as trauma cases across the globe, will witness lucrative growth opportunities during the analysis period. According to data published by the WHO 2018 on global status report on road safety, the amount of yearly road deaths has reached 1.35 million worldwide. Road traffic accidents or injuries are one of the leading causes of death among people age 5 to 29 years. Therefore, various institutes are undertaking different awareness programs among the young population, that will act as a positive factor for the blood collection market growth.
Surging incidence of infectious diseases including hepatitis, human immunodeficiency virus (HIV), tuberculosis and human papillomavirus (HPV) among others will boost the demand for blood collection products. In addition, the rising prevalence of lifestyle diseases across the globe enhances the growth of sample collections tube, bags and vials among others. As blood tests are one of the primary modes of diagnoses of the above-mentioned diseases, thus increasing prevalence of these ailments will boost the overall blood collection industry growth. However, high cost associated with the automated blood collection devices may hinder the market growth over the coming years.
The blood collection market demand is bifurcated into product, application, method and end-use. Based on product, the market covers needles and syringes, blood collection tubes, lancets and blood bags among others. Blood collection tubes segment is anticipated to witness lucrative growth over the analysis timeframe. The focus of several manufacturers on developing innovative blood tubes fosters the segmental growth. For instance, Vacutainer Barricor and Becton, Dickinson and Company have introduced advanced tubes that improve sample quality with better results.
The application segment is divided into diagnostics and treatment. The diagnostics segment will grow substantially during the analysis period. Rising incidence of chronic diseases including diabetes, cardiovascular diseases and cancer accelerates the segmental progression. In addition, increasing awareness among the population regarding regular health checkups further propel the overall blood collection market growth.
End-use segment is further segmented into blood banks, hospitals and diagnostic centers among others. The hospitals segment is anticipated to witness momentous growth during the forthcoming years. Presence of blood collection products to cater larger population with maximum patient comfort will thereby surge the demand for these products in hospital settings. Moreover, hospitals offer effective diagnosis in the presence of professional healthcare team that will enhance the segmental growth.
North America blood collection industry will account for lucrative revenue share by 2026 owing to rising prevalence of chronic diseases in the region. Increasing geriatric population base suffering from several types of chronic disorders will further propel the regional growth.
Prominent industry players operating in blood collection market share include Becton Dickinson and Company, Cardinal Health, F.L. Medical, Greiner Bio-One International, Haemonetics, Henry Schein, McKesson, Medline Industries, PreQ Systems and Qiagen. Prominent industry players operating in this market adopt various organic and in-organic growth strategies to sustain market competition.
Blood Collection Market By Product, 2015-2026 (USD Million)
Blood Collection Market By Method, 2015-2026 (USD Million)
By Application, 2015-2026 (USD Million)
By End-use, 2015-2026 (USD Million)
The above information is provided for the following regions and countries: