Blood Collection Market Research Update, Size Estimation, Future Scope, Revenue Opportunities and Regional Forecast to 2028

Blood Collection Market

According to a recent report by Emergen Research, the size of the worldwide blood collection market is anticipated to reach USD 7.58 billion in 2028 at a consistent CAGR. The high frequency of chronic illnesses and infectious diseases, the introduction of liquid biopsy tests, and the rising need for blood components all contribute considerably to the market’s revenue growth. Blood collection is essential for several diagnostic tests that establish the best course of treatment. Depending on the analysis to be conducted, blood samples can be taken from several locations, including the ear, arm, and fingertip.

The three main techniques for collecting blood are venipuncture, fingerstick, and artery sample. Using a fingerstick sample, a very little amount of blood is drawn from the tip of the finger. Among other things, this approach is used to determine blood type, haemoglobin level, iron deficiency, cholesterol level, and blood sugar level. Rapid technical development and the use of automated technologies in blood collection procedures have made it possible to obtain more accurate data quickly. In 2020, the hospital and nursing home category accounted for the majority of market revenue.

Another significant driver propelling the market is the increase in accidents and trauma occurrences around the world. Products for blood collection are necessary for the treatment of patients with trauma or accident-related injuries. According to the WHO, 1.35 million people worldwide died as a result of traffic accidents in 2018. The 2030 Agenda for Sustainable Development set a goal to reduce worldwide traffic-related fatalities and injuries in half by 2020.

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Some Key Findings From the Report:

Reperio obtained USD 6 million in early funding from Caduceus Capital Partners and Rogue Venture Partners in March 2021. Reperio will be able to offer at-home medical test subscription service with the aid of this financing. This service provides blood tests for determining blood pressure, resting heart rate, BMI, relative fat mass, cholesterol, triglyceride, and glucose levels.

The category for needles is anticipated to grow at a 6.2% CAGR over the forecast period. High affordability, recurring purchases, and escalating simplicity of use are key elements driving this segment’s sales growth.

Over the course of the projected period, Asia Pacific is anticipated to have the quickest revenue CAGR. Major technological advancements in healthcare infrastructure and an increase in the number of blood donation campaigns are driving this market’s revenue growth.

Becton, Dickinson and Company, Haematonics, Terumo BCT, Fresenius Kabi AG, Grifols, Nipro Medical Corporation, Quest Diagnostics, SARSTEDT AG & Co., Macopharma, and Smiths Medical are some of the major competitors in the market.

For the purpose of this report, Emergen Research has segmented the global blood collection market based on product, method, application, end-use, and region:

Product Outlook (Revenue, USD Billion; 2018–2028)

  • Needles
  • Tubes
  • Blood Bags
  • Monitors
  • Others

Method Outlook (Revenue, USD Billion; 2018–2028)

  • Automated
  • Manual

Application Outlook (Revenue, USD Billion; 2018–2028)

  • Therapeutic
  • Diagnostics

End-Use Outlook (Revenue, USD Billion; 2018–2028)

  • Hospital and Nursing Home
  • Diagnostic & Pathology Laboratories
  • Blood Banks
  • Others

Regional Outlook (Revenue: USD Billion; 2018–2028)

  • North America
    1. U.S.
    2. Canada
    3. Mexico
  • Europe
    1. Germany
    2. France
    3. U.K.
    4. BENELUX
    5. Italy
    6. Spain
    7. Switzerland
    8. Russia
    9. Rest of Europe
  • Asia Pacific
    1. China
    2. Japan
    3. South Korea
    4. India
    5. Rest of APAC
  • Latin America
    1. Brazil
    2. Rest of LATAM
  • Middle East & Africa
    1. Saudi Arabia
    2. UAE
    3. South Africa
    4. Turkey
    5. Rest of MEA

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About Us:

Emergen Research is a market research and consulting company that provides syndicated research reports, customized research reports, and consulting services. Our solutions purely focus on your purpose to locate, target, and analyse consumer behavior shifts across demographics, across industries, and help clients make smarter business decisions. We offer market intelligence studies ensuring relevant and fact-based research across multiple industries, including Healthcare, Touch Points, Chemicals, Types, and Energy. We consistently update our research offerings to ensure our clients are aware of the latest trends existent in the market. Emergen Research has a strong base of experienced analysts from varied areas of expertise. Our industry experience and ability to develop a concrete solution to any research problems provides our clients with the ability to secure an edge over their respective competitors.

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