New York, NY, Feb. 25, 2019 (GLOBE NEWSWIRE) -- Zion Market Research has published a new report titled “Blood Collection Market by Product (Needles and Syringes, Blood Collection Tubes, Blood Bags, Blood Collection Devices, and Lancets), by Method (Manual Blood Collection and Automated Blood Collection), and by End-User (Hospitals and Pathology Laboratories, Blood Banks, and Others): Global Industry Perspective, Comprehensive Analysis, and Forecast, 2018–2025”. According to the report, the global blood collection market was valued at approximately USD 7,406 million in 2018 and is expected to generate around USD 10,398 million by 2025, at a CAGR of around 5% between 2019 and 2025.
Blood collection is performed via blood donation processes and the blood is separated into numerous components via apheresis. The quantity of blood drawn differs and should not be over 1% of the donor’s body weight. The process of blood collection can be performed using an automated apparatus that collects only particular blood components or it can be collected manually.
Browse through 54 Tables & 22 Figures spread over 110 Pages and in-depth TOC on “Global Blood Collection Market Size & Share 2018: Product, Application, Industry Trends, Industry Analysis and Forecast, 2025”.
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The development of the global blood collection market is likely to be fueled by the growing incidences of accidents and trauma and an increasing number of surgical procedures performed across the globe over the estimated timeframe. According to the World Health Organization (WHO), in 2012, about 266.2 to 359.5 million surgical procedures were performed globally and these numbers are anticipated to increase in the future. However, the risks associated with the blood transfusion process in underdeveloped regions may hinder the blood collection market globally over the forecast period.
The blood collection market is segmented on the basis of product, method, and end-user. By product, the market is segmented into needles and syringes, blood collection devices blood bags, blood collection tubes, and lancets. The blood collection tubes segment further includes serum tubes and plasma/whole blood tubes. The needles and syringes segment is anticipated to hold a significant share of the global blood collection market in the future, owing to its wide range of applications and enhanced product qualities. By the method, the market includes manual blood collection and automated blood collection. The manual blood collection segment is estimated to show the highest CAGR over the forecast timeline, owing to the affordable cost and high adoption of manual blood collection method in developing regions. By end-user, the market is segmented into hospitals and pathology laboratories, blood banks, and others. The hospitals and pathology laboratories segment is estimated to dominate the global blood collection market over the estimated time period.
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By region, North America is likely to lead the global blood collection market over the forecast time period, owing to the high prevalence of infectious diseases, adoption of advanced diagnostic techniques, high awareness about blood-related diseases, and well-established healthcare industry. The U.S. is anticipated to contribute a significant share to the North American blood collection market in terms of revenue in the years ahead. According to the Leukemia and Lymphoma Society, around 174,250 individuals in the U.S. were diagnosed with leukemia, myeloma, or lymphoma in 2018.
Europe is anticipated to show noteworthy growth in the years to come, owing to the changing demographics and increasing incidence of cancer in the region. Europe has a robust healthcare system and focuses maximum on the issue of healthcare quality and efficiency. Moreover, the high public and professional awareness are likely to further drive the blood collection market over the forecast time period. The increasing incidences of different types of blood-related diseases, raising awareness regarding the primary diagnosis through various campaigns, and government initiatives are also projected to significantly boost the growth of the European blood collection market in the upcoming years.
Browse the full “Blood Collection Market by Product (Needles and Syringes, Blood Collection Tubes, Blood Bags, Blood Collection Devices, and Lancets), by Method (Manual Blood Collection and Automated Blood Collection), and by End-User (Hospitals and Pathology Laboratories, Blood Banks, and Others): Global Industry Perspective, Comprehensive Analysis, and Forecast, 2018–2025” Report at https://www.zionmarketresearch.com/report/blood-collection-market
Asia Pacific is projected to grow considerably in the future. Countries like China, India, and Japan are anticipated to contribute major shares toward this regional market in the years ahead, owing to the increasing awareness about blood-related diseases, high burden of various diseases, rising disposable income, and a growing number of well-educated healthcare professionals.
Latin America is anticipated to show moderate growth over the forecast time period. In the Middle Eastern and African region, the African countries are projected to demonstrate a noticeable market growth owing to the increasing prevalence of cancer and the introduction of new initiatives by the government.
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Some key players of the global blood collection market include Holding AG, Abbott Laboratories Inc., Becton, Dickinson, and Company, Nipro Medical Corporation, Qiagen, F.L. Medical SRL, Medtronic, Terumo Corporation, Greiner Haemonetics Corporation, and Sarstedt AG & Co., among others.
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This report segments the global blood collection market into:
Global Blood Collection market: Product Analysis
- Needles and Syringes
- Blood Collection Tubes
- Serum Tubes
- Plasma/Whole Blood Tubes
- Blood Bags
- Blood Collection Devices
- Lancets
Global Blood Collection market: Method Analysis
- Manual Blood Collection
- Automated Blood Collection
Global Blood Collection market: End-User Analysis
- Hospitals and Pathology Laboratories
- Blood Banks
- Others
Global Blood Collection Market: Regional Analysis
- North America
- The U.S.
- Europe
- UK
- France
- Germany
- Asia Pacific
- China
- Japan
- India
- Latin America
- Brazil
- The Middle East and Africa
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