The Blood Collection Market Outlook And Analysis by Type of blood
collection (capillary, venous, vacuum), by product (blood collection devices,
blood collection tubes, needles and syringes, lancets), by method (automated,
manual), end user - Forecast Till 2030
The global blood collection market stood at
USD 7460 Mn in 2017 and is expected to expand at a CAGR of 6.1% over the
forecast period, predicts Market Research Future (MRFR) in a detailed study.
High disease incidence, the rise in a number
of accidents and an increase in the volume of surgeries across the globe has
consequently fueled the demand for blood collection and driven the market for
blood collection. Growing health awareness on a global scale has raised the
demand for disease screening and diagnostics which generally involves blood
tests. Rising demand for early diseases diagnosis and improving reimbursement
scenario propels the market for blood collection.
Technological improvements in blood collection
techniques and devices coupled with rising
in FDA approvals for the same has reflected positively on the growth of the
global blood collection market. Other factors contributing to the growth of the
market include growing awareness regarding blood collection, favorable medical
device regulations, expandi9ng healthcare expenditure, and increasing R&D
activities.
The high cost of automated blood collection,
injuries caused during blood collection, and risks of blood contamination and
other complications are possible bottlenecks to the growth of the global blood
collection market. Nerve damage, fainting, Haematoma or excessive bleeding, arteriospasm or involuntary contraction of the
artery are some of the complications associated with blood collection which
might hinder the market growth. Besides, the lack
of skilled healthcare professionals to perform advanced blood collection
techniques remains a challenge for the market.
Segmentation
The
global blood
collection market share has been segmented based on type of blood collection, product, method, and end user.
By
type of blood collection, the global blood collection market share has been
segmented into capillary blood collection, venous blood collection, and vacuum
blood collection.
By
product, the global blood collection market has been segmented into blood
collection devices, blood collection tubes and collector, needles and syringes,
warming devices, blood bags, lancets, and others. The blood collection tubes
and collector segment has been further segmented into serum collection tubes,
and plasma or whole blood collection tubes. The plasma or whole blood
collection tubes sub-segment has been further segmented into EDTA tubes,
heparin tubes, coagulation tubes, glucose tubes, and ESR tubes.
By
method, the global blood collection
devices market has been segmented into automated blood collection and manual
blood collection.
By
end user, the global blood collection market has been segmented into hospitals
& clinics, diagnostic centers and
pathology laboratories, home diagnostics, blood banks, and others. The
hospitals & clinics segment accounts for the largest share of the market
share due to the growing burden of
chronic diseases. The diagnostic centers
and pathology laboratories segment is likely to capture the highest CAGR owing
to the ongoing research on better blood sampling approaches.
Regional
Analysis
The Americas, Asia Pacific (APAC), Europe, and
the Middle East & Africa (MEA) are the key markets for blood collection.
The Americas dominate the global blood
collection market on account of the rising
prevalence of chronic diseases which necessitates blood tests to be performed
for diagnosis and treatment. High healthcare expenditure and improvement in
blood collection methods and devices also favor market
growth.
Europe follows the Americas closely and
accounts for the second largest share of the global blood collection market.
Rigorous R&D activities and government funding for the same propels the
market in Europe. In addition, the growing
presence of leading market players in the region acts as a plus for the growth
of the market.
APAC is poised to exhibit the highest growth
rate over the forecast period. Presence of a massive patient pool and
improvement in healthcare infrastructure drive the market in APAC.
The MEA market is relatively smaller than
other markets and holds the minimum share of the global market. Developing
healthcare infrastructure and growing awareness about blood collection
techniques spur the market growth in the region.
Competitive
Landscape
The notable players in the global blood
collection market include Thermo Fisher Scientific Inc.,
Nipro Medical, Kawasumi Laboratories,
Haemonetics, F.L. Medical, Sarstedt AG & Co, Grifols,
Terumo, B. Braun Melsungen AG, Medtronic,
Fresenius, Greiner Holding, HTL-STREFA S.A., and BD.
Industry
Updates
January 2019- Magnolia Medical Technologies, a
device development company focused on the improvement of accuracy of blood
culture tests and diagnostics, collected USD 20 Mn in venture capital funding
to expedite production of its Steripath Gen2 Initial Specimen Diversion Device,
which is designed to reduce sample contamination during blood draws.
About
Market Research Future:
At Market Research Future (MRFR), we enable our
customers to unravel the complexity of various industries through our Cooked
Research Report (CRR), Half-Cooked Research Reports (HCRR), & Consulting
Services. MRFR team have supreme objective to provide the optimum quality
market research and intelligence services to our clients.
Contact us:
Market Research Future (part of Wantstats Research
and Media Private Limited),
99 Hudson Street, 5Th Floor,
New York, New York 10013
United States of America
+1 628 258 0071
Email: sales@marketresearchfuture.com
Comments
Post a Comment