Blood Collection Market Emerging Trends, Global Demand, and Revenue Analysis
21 June 2019, Global blood collection market is anticipated to grow considerably in the coming years
owing to the rise in demand for blood components. Blood collection is the
process of obtaining blood sample for laboratory testing. It can be obtained
from devices like venous access devices or by finger stick. The sample blood
obtained is then sent for diagnosis to determine health conditions. It helps to
monitor diabetes, high cholesterol levels and monitors effects of medication
and treatments.
Factors influencing the
growth of the market are increasing prevalence of infectious illnesses, growing
number of accident and trauma cases, and rise in number of surgeries like
cancer surgeries and organ transplant. Moreover, increase in demand for blood
donation that allows organ transplant and other surgeries at hospitals is also
stimulating the market growth. However, growing amount of risks related to
blood transfusion in underdeveloped economies is obstructing the growth of
blood collection market. Additionally, significant cost of blood automated
instruments and lack of skilled professionals hampers the market growth.
Rising cancer cases on
the global scale is a major trend witnessed by the market. Nevertheless,
introduction of developed products like blood bags, vials, blood collection
tubes, blood lancets, and others are expected to offer lucrative opportunities
in the market.
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| Blood Collection Market |
Market is categorized on the basis of
product, application, end user, and geography. On the basis of product, market
is divided into blood collection syringes and needles, slide strainers, blood
lancets, blood collection tubes, vials, blood bags, test tube racks, and
microscopic slides. Owing to the benefits offered by blood collection tubes,
the segment is expected to lead the market. Blood collection tubes helps easy
collection of blood and offers collection of sample blood from a single
venipuncture.
Based on application, market is
divided into treatment and diagnostics. Diagnostics segment is expected to hold
larger share of the market due to increasing number of diagnosis cases. In
terms of end user, market is split into diagnostic laboratories, blood banks,
hospitals, and others. Owing to the high prevalence of disorders that need
blood diagnosis, diagnostic laboratories segment is predicted to register
significant growth in future.
Geographically, market is segmented as
North America, Latin America, Europe, Asia Pacific, and Middle East &
Africa. North America is anticipated to dominate blood collection market due to
rising prevalence of lifestyle disorders and government initiatives. Asia Pacific
is also expected to lead the market owing to developing healthcare
infrastructure and growing medical tourism.
The leading players in blood
collection market include Stago, AdvaCare Pharma, Becton, Dickinskon and
company, Fresenius Kabi AG, Immucor Inc., Terumo BCT Inc., Haemonetics
Corporation, and Terumo Corporation.
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