Blood Collection Market Size
| Study Period | 2019 - 2029 |
| Base Year For Estimation | 2023 |
| Forecast Data Period | 2024 - 2029 |
| CAGR | 6.20 % |
| Fastest Growing Market | Asia Pacific |
| Largest Market | North America |
Major Players
*Disclaimer: Major Players sorted in no particular order |
Need a report that reflects how COVID-19 has impacted this market and its growth?
Blood Collection Market Analysis
The blood collection market is expected to register a CAGR of 6.2% during the forecast period.
- The global outbreak of COVID-19 had a positive impact on the blood testing market, as it helped diagnose infectious diseases such as COVID-19 by testing various blood samples. As the number of COVID-19 cases increased, governments worldwide explored the possibility of allowing private laboratories to ramp up blood testing, which also helped in diagnosing other diseases. Furthermore, many individuals with weak immune systems infected by COVID-19 needed blood/plasma transfusion, and governments are taking initiatives to increase blood donation.
- For example, the Maharashtra state government in India used social media initiatives to increase the number of blood donations in June 2020 following a shortage of blood in the region. Such programs positively impacted the global blood collection market growth in many regions during the pandemic. In the post-pandemic situation, the market is likely to witness significant growth due to technological advancements in blood collection kits and the increase in chronic diseases that require routine blood collection for diagnosis.
- The major factors driving the market growth include the rising demand for early diagnosis of chronic conditions, increasing incidence of trauma and accidents, and a surge in the number of surgical procedures carried out worldwide. The volume of knee and hip replacement surgeries has increased worldwide in recent years, and this is expected to drive the demand for the blood collection market. Blood collection has also witnessed a great demand due to an increased number of patients suffering from various ailments related to blood, kidney, metabolic diseases, and neurological disorders.
- Moreover, an increase in product launches and strategic activities by key players is expected to drive market growth. For example, in February 2022, Abacus dx launched the newest addition to Streck's trusted blood collection tube portfolio, RNA Complete BCT. The rise in blood donation and transfusion requires blood collection kits, which are expected to drive the market growth.
- However, blood contamination and other complications and injury caused during blood collection are expected to restrain the market growth. Overall, the studied market is likely to witness significant growth over the forecast period due to the increase in surgical procedures, rise in blood donation, and product launches.
Blood Collection Market Trends
Needles and Syringes are Expected to Hold a Significant Market Share
- Blood collection needles and syringes are poised to experience significant growth in the market due to a surge in surgical procedures, an increase in injury cases, and the launch of new products. Additionally, the prevalence of various infectious diseases has resulted in a rise in demand for blood specimen collection for diagnosis, thereby boosting the demand for needles and syringes for blood collection.
- For example, a study published in the MDPI Journal in February 2021 highlighted that a syringe with a needle is a common open blood collection system. As such, syringes are considered an indispensable part of any phlebotomist's blood-collection device toolkit, thereby driving the segment's growth over the forecast period.
- Furthermore, the rise in surgical cases necessitates various syringes and needles for conducting surgery. As per the February 2023 update by Federal Statistical Office (Destatis), in 2021, around 237,000 women gave birth by cesarean section in Germany. This means that almost every third birth in a hospital in Germany was by cesarean section. The national rate of cesarean sections in 2021 was 30.9%, a slight increase from 2020 (29.7%). Over the last three decades, the proportion of these surgical interventions has doubled. Since Cesarean sections in hospitals require various types of needles, hospitals are likely to utilize needles and syringes, thereby driving the market growth over the forecast period.
- Moreover, advancements in blood collection needles and their launches are expected to fuel market growth. For instance, in May 2022, Dutch medical robotics company Vitestro unveiled an advanced autonomous blood-drawing device. The venipuncture device empowers patients to be self-efficacious during blood collection procedures.
- As a result, due to the increase in surgical procedures and the rise in product launches coupled with advancements, the studied segment is anticipated to drive market growth over the forecast period.
North America Anticipated to Hold a Significant Market Share Over the Forecast Period
- North America is anticipated to dominate the studied market over the forecast period, primarily due to several factors, including the rising demand for blood collection products, increased injuries, and a growing prevalence of chronic diseases requiring regular blood sample collection. The market growth is expected to be further fueled by the surge in diabetes prevalence and the corresponding rise in healthcare spending.
- For instance, the International Diabetes Federation Diabetes Atlas Tenth edition reported that 32.2 million individuals in the United States had diabetes in 2021, and this figure is projected to increase to 36.3 million by 2045. Similarly, according to the Diabetes Canada 2022 report, approximately 5,719,000 people in Canada have been diagnosed with diabetes, and this number is anticipated to reach 7,277,000 by 2032. The routine blood drawing required for monitoring blood sugar levels in diabetic patients is expected to drive market growth.
- Moreover, the implementation of various strategies by key market players in the region is anticipated to contribute to market growth. For instance, Ethos Laboratories, a College of American Pathologists-accredited and certified leader in diagnostic testing services, launched Tru-Immune, a finger prick, self-collection kit for its COVID-19 neutralizing antibody test in December 2021. Additionally, in February 2022, BD (Becton, Dickinson, and Company) released UltraSafe Plus 2.25 mL, a new needle-guard solution that enhances the delivery of drugs and other biologic solutions.
- Furthermore, the increase in surgical procedures, which typically require blood collection, is expected to drive market growth. For example, according to the National Institute of Statistics and Geography Health Statistics report published in 2021, 313,104 cesarean sections were performed in private health establishments, accounting for 24.0% of surgical medical procedures in Mexico in 2021.
- The report also indicated that in 2021, 28,361 salpingoclasis were performed as a definitive method of family planning through surgical procedures, equivalent to 2.2% of all surgical interventions. Additionally, 0.2% of surgical vasectomy medical procedures were performed, with 2,893 cases. Consequently, the rise in surgical procedures in the region is expected to lead to an increased demand for blood collection.
- In summary, the growth of the North American blood collection market is anticipated to be driven by an increase in surgical procedures and the prevalence of chronic diseases, such as diabetes, along with the implementation of various strategies by key market players in the region.
Blood Collection Industry Overview
The blood collection market is a highly competitive space, with several significant players vying for market share. Key companies such as Becton, Dickinson and Company, Cardinal Health, Greiner Group AG (Greiner Bio-One International GmbH), Haemonetics Corporation, McKesson Corporation, Medline Industries Inc., and Qiagen, among others, hold substantial shares in the market.
Blood Collection Market Leaders
Cardinal Health
Becton Dickinson and Company
Medline Industries, Inc.
Greiner Group AG (Greiner Bio One International GmbH)
Haemonetics Corporation
*Disclaimer: Major Players sorted in no particular order
Blood Collection Market News
- November 2022: Owen Mumford exhibited its innovative products from three different ranges at MEDICA 2022, including safety pen needles, venous blood collection sets, and capillary blood sampling devices.
- October 2022: Q² Solutions, a global clinical trial laboratory services organization and a wholly owned subsidiary of IQVIA, launched its first self-collection safety lab panel for clinical trial participants in the United States, a significant achievement for a leading global clinical trial laboratory.
Blood Collection Market Report - Table of Contents
1. INTRODUCTION
1.1 Study Assumptions and Market Definition
1.2 Scope of the Study
2. RESEARCH METHODOLOGY
3. EXECUTIVE SUMMARY
4. MARKET DYNAMICS
4.1 Market Overview
4.2 Market Drivers
4.2.1 Rising Demand for Early Diagnosis of Chronic Conditions
4.2.2 Increasing Incidence of Trauma and Accidents
4.2.3 Surge in the Number of Surgical Procedures Carried Out Worldwide
4.3 Market Restraints
4.3.1 Blood Contaminations and Other Complications
4.3.2 Injury Caused During Blood Collection
4.4 Porter's Five Forces Analysis
4.4.1 Threat of New Entrants
4.4.2 Bargaining Power of Buyers/Consumers
4.4.3 Bargaining Power of Suppliers
4.4.4 Threat of Substitute Products
4.4.5 Intensity of Competitive Rivalry
5. MARKET SEGMENTATION (Market Size by Value - USD million)
5.1 By Product
5.1.1 Needles and Syringes
5.1.2 Tubes
5.1.3 Lancets
5.1.4 Blood Bags
5.1.5 Other Products
5.2 By Application
5.2.1 Diagnostics
5.2.2 Treatment
5.3 By End-User
5.3.1 Hospitals and Diagnostic Centers
5.3.2 Blood Banks
5.3.3 Other End Users
5.4 Geography
5.4.1 North America
5.4.1.1 United States
5.4.1.2 Canada
5.4.1.3 Mexico
5.4.2 Europe
5.4.2.1 Germany
5.4.2.2 United Kingdom
5.4.2.3 France
5.4.2.4 Italy
5.4.2.5 Spain
5.4.2.6 Rest of Europe
5.4.3 Asia-Pacific
5.4.3.1 China
5.4.3.2 Japan
5.4.3.3 India
5.4.3.4 Australia
5.4.3.5 South Korea
5.4.3.6 Rest of Asia-Pacific
5.4.4 Middle East and Africa
5.4.4.1 GCC
5.4.4.2 South Africa
5.4.4.3 Rest of Middle East and Africa
5.4.5 South America
5.4.5.1 Brazil
5.4.5.2 Argentina
5.4.5.3 Rest of South America
6. COMPETITIVE LANDSCAPE
6.1 Company Profiles
6.1.1 Becton, Dickinson and Company
6.1.2 Cardinal Health
6.1.3 Terumo Corporation
6.1.4 Fresenius Kabi AG
6.1.5 Haemonetics Corporation
6.1.6 Sol-Millennium
6.1.7 McKesson Corporation
6.1.8 Medline Industries Inc.
6.1.9 Greiner Group AG (Greiner Bio One International GmbH)
6.1.10 Qiagen
6.1.11 Grifols, S.A.
6.1.12 ICU Medical (Smiths Medical)
- *List Not Exhaustive
7. MARKET OPPORTUNITIES AND FUTURE TRENDS
Blood Collection Industry Segmentation
As per the scope of the report, blood specimen collection is a procedure performed routinely to obtain blood for various laboratory tests. Blood can be collected from venous access devices and occasionally by fingerstick. However, it is most frequently obtained via a peripheral vein puncture called venipuncture.
The blood collection market is segmented by product (needles and syringes, tubes, lancets, blood bags, and other products), application (diagnostics and treatment), end user (hospitals and diagnostic centers, blood banks, and other end users), and geography (North America, Europe, Asia-Pacific, Middle East and Africa, and South America). The market report also covers the estimated market sizes and trends for 17 countries across major global regions.
The report offers the market size and forecasts in value (USD million) for the above segments.
| By Product | |
| Needles and Syringes | |
| Tubes | |
| Lancets | |
| Blood Bags | |
| Other Products |
| By Application | |
| Diagnostics | |
| Treatment |
| By End-User | |
| Hospitals and Diagnostic Centers | |
| Blood Banks | |
| Other End Users |
| Geography | ||||||||
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Blood Collection Market Research FAQs
What is the current Blood Collection Market size?
The Blood Collection Market is projected to register a CAGR of 6.20% during the forecast period (2024-2029)
Who are the key players in Blood Collection Market?
Cardinal Health, Becton Dickinson and Company, Medline Industries, Inc., Greiner Group AG (Greiner Bio One International GmbH) and Haemonetics Corporation are the major companies operating in the Blood Collection Market.
Which is the fastest growing region in Blood Collection Market?
Asia Pacific is estimated to grow at the highest CAGR over the forecast period (2024-2029).
Which region has the biggest share in Blood Collection Market?
In 2024, the North America accounts for the largest market share in Blood Collection Market.
What years does this Blood Collection Market cover?
The report covers the Blood Collection Market historical market size for years: 2019, 2020, 2021, 2022 and 2023. The report also forecasts the Blood Collection Market size for years: 2024, 2025, 2026, 2027, 2028 and 2029.
Blood Collection Industry Report
Statistics for the 2023 Blood Collection market share, size and revenue growth rate, created by Mordor Intelligence™ Industry Reports. Blood Collection analysis includes a market forecast outlook to 2029 and historical overview. Get a sample of this industry analysis as a free report PDF download.
