Global Blood Collection Devices Market 2020 Future Growth Explored in Latest Research Report by 2027, key players Cardinal Health Inc, SARSTEDT AG & Co. KG, Nipro, Thermo Fisher Scientific Inc., Greiner AG

Publisher: The Insight Partners

The blood collection devices market was valued at US$ 9,060.98 million in 2019 and is projected to reach US$ 14,228.70 million by 2027; it is expected to grow at a CAGR of 5.9% during 2020–2027.

Blood collection devices help in safe withdrawal of blood. Blood is collected from donor to perform various diagnostic tests. Needles & rings, lancets, and other devices are used for arterial and venous blood collection. Arterial blood collection has various advantages such as arterial blood gas sampling and intraoperative blood salvage. However, with the growing number of accidents & trauma cases, rising incidence of infectious disease, and developing liquid biopsy technology have improved associated healthcare processes. However, the shortage of qualified personnel will impede the market growth. Furthermore, the growth opportunities among emerging nations are likely to offer significant opportunities for the growth of the global blood collection devices market.

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Market Insights

Growing Number of Accidents & Trauma Cases and Rising Incidence of Infectious Disease

A rise in the number of road accidents, fires, and sports injuries has led to an increase in the incidences of trauma and injuries. According to the Global Status Report on Road Safety, a report published by WHO in 2018, approximately 1.3 billion people die in road accidents each year, and is one of the leading causes of mortality worldwide. Current trend analysis predicts that by 2030, road accidents will become the fifth-leading cause of death globally.

The rising number of accidents and injury cases will propel the demand for blood transfusion in the coming years. As the accident casualties or trauma patients often face blood loss, the transfusion of blood, particularly red blood cells, is required to restore the lost blood volume. Hence, the demand for blood transfusion in trauma patients, coupled with growing incidents of injuries, will stimulate the growth of the blood collection devices market.

Traditionally, antimicrobial therapy was used to cure infectious diseases; however, over the years, microbes have developed resistance against drugs, owing to which antimicrobial agents have failed to deliver the coveted results. Despite significant advancements in sanitation and therapy, there are rising cases of infectious diseases, such as human papillomavirus (HPV), hepatitis, human immunodeficiency virus (HIV), tuberculosis, and malaria. This rising prevalence of diseases will be promising for market growth as blood tests are a primary mode of diagnosing these conditions.

Products Insights

Based on product, the blood collection devices market is segmented into blood collection tubes, blood collection needles/holders, blood collection sets, and others. In 2019, the blood collection needles/holders segment accounted for the largest share of the global blood collection devices market. The growth of the segment attributes to the high adoption of the products in various medical diagnostic and treatment procedures. Moreover, repeat purchases and high affordability are some of the primary factors contributing to the dominance of the segment in the global blood collection devices market.

End User Insights

Based on end user, the blood collection devices market is segmented into hospitals & pathology laboratories, blood banks, and others. The hospitals & pathology laboratories segment held the largest share in the global blood collection devices market in 2019. Growth of the segment is attributed to exposure to global trends, developing liquid biopsy technology, and the need to provide the highest standards of patient care. For instance, hospitals and pathology laboratories provide healthcare facilities through specialized scientific equipment. A team of trained staff is assigned to deal, investigate, restore the problems associated with modern medical science in the hospital and pathology laboratories. The various medical research teams are constantly working on introducing innovative technologies related to the treatment methods, laboratory investigations, and other activities in the medical field. The patients generally prefer the hospital to take treatment due to advanced treatment options for patients for the treatment of chronic conditions. The blood collection devices are being frequently used in hospitals and pathology laboratories. In the hospitals are generally the point of blood collection from the patients for various medical purposes. In the hospital, the blood collection devices such as blood collection tubes, needles, holders, and blood collection sets are utilized during the blood collection. In the laboratories, the collected/sampled blood is used for the clinical tests. The blood collection containers, such as tubes, help in handling of the sampled blood securely.

As hospitals recognize the need to provide the highest standards of patient care, the demand for blood collection devices is likely to increase at a steady pace during the forecast period.

Strategic Insights

Collaborations and technology partnerships by the operating players in the market to bridge the demand-supply gap are anticipated to play a significant role in the growth of the blood collection device market during the forecast period. Moreover, the growing number of accidents & trauma cases and rising incidence of infectious disease are predicted to accelerate market growth.

By Product

• Blood Collection Tubes
  • Micro-Collection Tubes
  • Evacuated Blood Collection Tubes
• Blood Collection Needles/Holders
• Blood Collection Set
• Others

By Method

• Manual Blood Collection
• Automatic Blood Collection

By End User

• Hospitals and Pathology Laboratories
• Blood Banks
• Others

By Geography

• North America
  • US
  • Canada
  • Mexico
• Europe
  • France
  • Germany
  • Italy
  • UK
  • Russia
  • Rest of Europe
• Asia Pacific (APAC)
  • China
  • India
  • South Korea
  • Japan
  • Australia
  • Rest of Asia Pacific
• Middle East & Africa (MEA)
  • South Africa
  • Saudi Arabia
  • UAE
  • Rest of Middle East and Africa
• South & Central America (SCAM)
  • Brazil
  • Argentina
  • Rest of South America

Company Profiles

• BD
• Terumo Corporation
• Cardinal Health Inc
• SARSTEDT AG & Co. KG
• Nipro
• Thermo Fisher Scientific Inc.
• Greiner AG
• Sekisui Chemical Co. Ltd
• Narang Medical Limited
• FL MEDICAL s.r.l

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