MarketsandMarkets
Presents
Blood Collection Market worth 9.90 Billion USD by
2021
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The blood collection market is expected to reach USD 9.90 Billion by 2021 from USD
7.65 Billion in 2016, at CAGR of 5.3% from 2016 to 2021. Factors such as rising incidences
of diseases, growing number of trauma and accidental cases, and increasing number of
surgical procedures are contributing to the growth of the blood collection market.
Moreover, the increasing use of RFID in the transfusion process and the growing
popularity of needle-free devices are expected to offer significant growth opportunities for
players in the blood collection market. However, risks associated with blood transfusions in
underdeveloped regions is expected to restrain the growth of this market to a certain
extent during the forecast period.
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On the basis of products, the blood collection market is divided into blood collection
needles and syringes, blood collection tubes, blood lancets, blood bags, vials, and others
(microscopic slides, slide stainers, and test tube racks). The blood collection needles and
syringes segment is expected to account for the largest share of the blood collection market
in 2016. The growing demand of blood collection needles and syringes in surgical
procedures is the major factor contributing to the growth of this segment.
North America is expected to account for the largest share of the blood collection market
in 2016. The growing incidences of infectious and lifestyle diseases is propelling market
growth in this region. The Asia-Pacific region is expected to grow at the highest CAGR in the
forecast period. The blood collection market in the Asia-Pacific region is primarily driven by
the improving healthcare infrastructure, increasing number of hospitals, and rising
disposable incomes.
Major players in this market include Becton, Dickinson and Company (U.S.), Abbott
Laboratories (U.S.), Nipro Medical Corporation (Japan), and Terumo Corporation (Japan).
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Market Segmentation
This research report categorizes the blood collection market into the following segments
and sub segments:
Blood Collection Market, by Product
• Blood Collection Needles and Syringes
• Blood Collection Tubes
• EDTA
• Heparin
• Serum-separating Tubes
• Plasma-separating Tubes
• Blood Lancets
• Blood Bags
• Vials
• Others (Microscopic Slides, Slide Stainers, and Test Tube Racks)
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On the basis of applications, the blood collection market is bifurcated into diagnostics and
treatment applications. The diagnostics segment is further categorized into infectious
diseases and non-infectious diseases. The diagnostics segment is expected to account for
the largest share of the blood collection market in 2016. Factors such as growing geriatric
population, rising prevalence of infectious and non-infectious diseases, and growing
demand of blood for treating blood-related disorders are contributing to the growth of this
market segment.
On the basis of end users, the blood collection market is segmented into hospitals and
diagnostic centers, blood banks, and other end users (emergency medical services, longterm acute care, trauma centers, and nursing homes). The hospitals and diagnostic centers
segment is expected to account for the largest share of the blood collection market in 2016.
The large share of this segment can be attributed to the increasing demand of blood for the
treatment of blood disorders.
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