Blood Collection Market Set for Explosive Growth, Projected to Reach USD 7.9 billion by 2031

Rise in government support for exploring the possibilities of allowing laboratories to amplify blood testing processes had a positive impact on the market

PORTLAND, OREGON, UNITED STATES, August 10, 2023/EINPresswire.com/ -- Allied Market Research published a report, titled, "𝐁𝐥𝐨𝐨𝐝 𝐂𝐨𝐥𝐥𝐞𝐜𝐭𝐢𝐨𝐧 𝐌𝐚𝐫𝐤𝐞𝐭 𝐛𝐲 𝐏𝐫𝐨𝐝𝐮𝐜𝐭 (𝐍𝐞𝐞𝐝𝐥𝐞𝐬 𝐚𝐧𝐝 𝐒𝐲𝐫𝐢𝐧𝐠𝐞𝐬, 𝐁𝐥𝐨𝐨𝐝 𝐂𝐨𝐥𝐥𝐞𝐜𝐭𝐢𝐨𝐧 𝐓𝐮𝐛𝐞𝐬, 𝐁𝐥𝐨𝐨𝐝 𝐋𝐚𝐧𝐜𝐞𝐭𝐬, 𝐁𝐥𝐨𝐨𝐝 𝐁𝐚𝐠𝐬, 𝐎𝐭𝐡𝐞𝐫𝐬), 𝐛𝐲 𝐀𝐩𝐩𝐥𝐢𝐜𝐚𝐭𝐢𝐨𝐧 (𝐃𝐢𝐚𝐠𝐧𝐨𝐬𝐭𝐢𝐜𝐬, 𝐓𝐫𝐞𝐚𝐭𝐦𝐞𝐧𝐭), 𝐛𝐲 𝐄𝐧𝐝 𝐔𝐬𝐞𝐫 (𝐇𝐨𝐬𝐩𝐢𝐭𝐚𝐥𝐬 𝐚𝐧𝐝 𝐃𝐢𝐚𝐠𝐧𝐨𝐬𝐭𝐢𝐜 𝐂𝐞𝐧𝐭𝐞𝐫𝐬, 𝐁𝐥𝐨𝐨𝐝 𝐁𝐚𝐧𝐤𝐬, 𝐎𝐭𝐡𝐞𝐫𝐬): 𝐆𝐥𝐨𝐛𝐚𝐥 𝐎𝐩𝐩𝐨𝐫𝐭𝐮𝐧𝐢𝐭𝐲 𝐀𝐧𝐚𝐥𝐲𝐬𝐢𝐬 𝐚𝐧𝐝 𝐈𝐧𝐝𝐮𝐬𝐭𝐫𝐲 𝐅𝐨𝐫𝐞𝐜𝐚𝐬𝐭, 𝟐𝟎𝟐𝟏-𝟐𝟎𝟑𝟏." According to the report, the global Blood Collection Market Size was Valued at USD 4.8 billion in 2021 and is Projected to Garner USD 7.9 billion by 2031, registering a CAGR of 5.2% from 2022 to 2031.

The report provides an extensive analysis of changing market dynamics, major segments, value chain, competitive scenario, and regional landscape. This research offers a valuable guidance to leading players, investors, shareholders, and startups in devising strategies for sustainable growth and gaining competitive edge in the market.

𝐖𝐡𝐚𝐭 𝐀𝐫𝐞 𝐭𝐡𝐞 𝐌𝐚𝐫𝐤𝐞𝐭 𝐃𝐫𝐢𝐯𝐞𝐫𝐬 𝐟𝐨𝐫 𝐁𝐥𝐨𝐨𝐝 𝐂𝐨𝐥𝐥𝐞𝐜𝐭𝐢𝐨𝐧?

Rise in the incidence of trauma & accidents, increase in number of surgical procedures performed, growing prevalence of chronic diseases such as blood cancer, and surge in government expenditure on healthcare drive the global blood collection market. On the other hand, certain risks related to blood transfusion procedure such as blood-borne infections, fever, acute immune hemolytic reaction, and allergic reactions impede the market growth to some extent. However, high growth potential in the emerging economies have been beneficial for the industry.

𝐆𝐞𝐭 𝐒𝐚𝐦𝐩𝐥𝐞 𝐏𝐃𝐅 𝐑𝐞𝐩𝐨𝐫𝐭 𝐰𝐢𝐭𝐡 𝐆𝐫𝐚𝐩𝐡𝐬 𝐚𝐧𝐝 𝐅𝐢𝐠𝐮𝐫𝐞𝐬 𝐇𝐞𝐫𝐞: https://www.alliedmarketresearch.com/request-sample/4360

𝐓𝐨𝐩 𝐁𝐥𝐨𝐨𝐝 𝐂𝐨𝐥𝐥𝐞𝐜𝐭𝐢𝐨𝐧 𝐂𝐨𝐦𝐩𝐚𝐧𝐢𝐞𝐬

• Medtronic, Inc.
• Becton Dickinson and Company
• Abbott Laboratories Inc.
• Nipro Medical Corporation
• Qiagen NV
• F.L. Medical SRL
• Terumo Corporation
• greiner holding ag
• Haemonetics Corporation
• Sarstedt AG

The report analyzes these key players in the global blood collection market. These players have incorporated various strategies such as expansion, new product launches, partnerships, and others to increase their market penetration and strengthen their position in the industry. The report is helpful in assessing the operating segments, their business performance & product portfolio, and so on.

𝐁𝐥𝐨𝐨𝐝 𝐂𝐨𝐥𝐥𝐞𝐜𝐭𝐢𝐨𝐧 𝐌𝐚𝐫𝐤𝐞𝐭 𝐬𝐞𝐠𝐦𝐞𝐧𝐭𝐚𝐭𝐢𝐨𝐧 𝐜𝐚𝐧 𝐛𝐞 𝐝𝐨𝐧𝐞 𝐛𝐚𝐬𝐞𝐝 𝐨𝐧 𝐬𝐞𝐯𝐞𝐫𝐚𝐥 𝐟𝐚𝐜𝐭𝐨𝐫𝐬, 𝐢𝐧𝐜𝐥𝐮𝐝𝐢𝐧𝐠:

By product, the needles and syringes segment contributed to the highest share in 2021, accounting for nearly two-fifths of the global blood collection market revenue and is anticipated to dominate by 2031. This is due to rise in the prevalence of infectious diseases and increasing use of needles & syringes in the blood collection for diagnosing various chronic diseases. The blood collection tubes segment, simultaneously, would cite the fastest CAGR of 6.0% from 2022 to 2031. This is owing to rise in healthcare expenditure and surge in adoption of blood collection products for screening.

By application, the diagnostics segment held around three-fourths of the global blood collection market share and is anticipated to dominate by 2031. The same segment would also portray the fastest CAGR of 5.3% during the forecast period. Rise in blood testing facilities, widespread use of new technology in blood testing, and the availability of on-the-spot testing help fuel the segment growth.

By end-user the hospitals and diagnostic centers segment garnered the major share in 2021, contributing to more than two-fifths of the global blood collection market revenue, and is projected to maintain the lion's share during the forecast period. This is due to surge in the number of hospitals & diagnostic centers and increase in research activities of blood transfusion therapy. The others segment, however, would manifest the fastest CAGR of 5.7% from 2022 to 2031. This is attributed to rise in the number of blood banks across the world.

By region, the market across Asia-Pacific held the major share in 2021, accounting for nearly two-fifths of the global blood collection market revenue. The same region would also cite the fastest CAGR of 6.1% during the forecast period. This is owing to the high prevalence rate of chronic diseases, increase in the number of market players, and surge in the testing facilities in the region.

𝐏𝐮𝐫𝐜𝐡𝐚𝐬𝐞 𝐭𝐡𝐞 𝐑𝐞𝐩𝐨𝐫𝐭: https://www.alliedmarketresearch.com/purchase-enquiry/4360

KEY FINDINGS OF THE STUDY

• By product, the needles and syringes segment accounted for major share of the blood collection market in 2021.
• By application, the diagnostics segment is anticipated to grow with the highest CAGR throughout the forecast period.
• By end user, the others segment is anticipated to grow with the highest CAGR throughout the forecast period.
• By region, Asia-Pacific occupied major share of the blood collection market in 2021.

Our Market Research Solution Provides You Answer to Below Mentioned Question:

• Which are the driving factors responsible for the growth of market?
• Which are the roadblock factors of this market?
• What are the new opportunities, by which market will grow in coming years?
• What are the trends of this market?
• Which are main factors responsible for new product launch?
• How big is the global & regional market in terms of revenue, sales and production?
• How far will the market grow in forecast period in terms of revenue, sales and production?
• Which region is dominating the global market and what are the market shares of each region in the overall market in 2022?
• How will each segment grow over the forecast period and how much revenue will these segments account for in 2030?
• Which region has more opportunities?

By Region Outlook

• North America
(U.S., Canada, Mexico)
• Europe
(Germany, France, UK, Italy, Spain, Rest of Europe)
• Asia-Pacific
(Japan, China, India, Rest of Asia-Pacific)
• LAMEA
(Brazil, Saudi Arabia, South Africa, Rest of LAMEA)

Contact Details:

David Correa
USA/Canada (Toll Free): +1-800-792-5285, +1-503-894-6022
[email protected]

About Us

Allied Market Research (AMR) is a full-service market research and business-consulting wing of Allied Analytics LLP based in Portland, Oregon. Allied Market Research provides global enterprises as well as medium and small businesses with unmatched quality of “Market Research Reports” and “Business Intelligence Solutions.” AMR has a targeted view to provide business insights and consulting to assist its clients to make strategic business decisions and achieve sustainable growth in their respective market domain.

David Correa
Allied Analytics LLP
1 800-792-5285
email us here
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