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Blood Collection Devices Market Size, Revenue, Latest Trends, CAGR Status, Growth Opportunities and Forecast to 2027

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Collecting blood samples is a frequently used method to diagnose and monitor diseases. Blood samples provide vital information about the patient’s overall health condition and reveal more specific diseases and conditions. Blood samples are collected with the help of blood collection devices to measure the basic metabolism components, such as blood urea nitrogen, chloride, magnesium, creatinine, potassium, sodium, as well as to measure blood glucose & lipid levels.

Blood collection devices plays a crucial role in the healthcare industry. They are designed to collect and store the blood and blood components, such as platelets, white blood cells, red blood cells, and plasma. A hypodermic needle and syringe or a vacuum-extraction tube system are the closed systems most commonly used in blood sampling. Significant increase in infectious and chronic diseases has led to an increase in the demand for blood collection devices.

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The emergence of COVID-19 across the globe is expected to propel the growth of the blood collection devices market during the forecast period. As COVID-19 cases continues to rise around the world, governments are exploring the possibility of allowing private laboratories to expedite blood testing. For instance, according to the World Health Organization (WHO), as of 6:41pm CEST, 16 August 2021, there have been 207,173,086 confirmed cases of COVID-19, including 4,361,996 deaths, worldwide. Therefore, there is an increasing demand for blood collection devices across the globe.

Moreover, increasing prevalence of certain disease conditions, such as coronary heart disease, HIV/AIDS, cancer, diabetes, anemia, etc., is expected to augment the blood collection devices market growth. For instance, according to WHO, in 2020, cancer was a leading cause of death, accounting for nearly 10 million deaths worldwide.

COVID-19 Impact Analysis:

The outbreak of COVID-19 worldwide has led to an increasing demand for blood collection devices. The pandemic had a positive impact on the market because blood testing involves the testing of various blood samples, which helps in the diagnosis of various infectious diseases, such as COVID-19. Moreover, the blood stock is getting depleted due to the virus outbreak. Many individuals infected with COVID-19 and those with weakened immune system require a blood/plasma transfusion. This in turn has led to an increase in the demand for blood and blood components, leading to an increase in the demand for blood collection devices.

Key Takeaways

The blood collection devices market is expected to exhibit a CAGR of XX % during the forecast period owing to the rising number of accidents and trauma cases around the world. For instance, according to the WHO, each year, around 1.3 million people die as a result of road traffic crashes. Around 20 to 50 million people suffer non-fatal injuries, with many incurring a disability as a result of their injury.

Among regions, Asia Pacific is expected to witness robust growth in the blood collection devices market, owing to rising cases of COVID-19 and the increasing demand for blood donations and blood components in this region. For instance, in June 2020, the Government of Maharashtra (India) used social media to increase the number of blood donations to overcome the shortage of blood during the pandemic.

North America is also expected to witness significant growth in the blood collection devices market due to the increasing prevalence of infectious and chronic diseases, such as cancer, in this region. According to the American Cancer Society, in 2021, there will be around

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Key Players In Blood Collection Devices Market

The “Global Blood Collection Devices Market” study report will provide a valuable insight with an emphasis on the global market. The major players in the market are Becton, Dickinson and Company, NIPRO Medical Corporation, Terumo Medical Corporation, Medtronic plc, Qiagen, Bio-Rad Laboratories, Inc., Haemonetics Corporation, and Fresenius SE & Co. KGaA.

The study objectives of this report are:

• To study and analyze the global Keyword size (value and volume) by the company, key regions/countries, products and application, history data from 2020 to 2027, and forecast to 2027.

• To understand the structure of Keyword by identifying its various sub-segments.

• To share detailed information about the key factors influencing the growth of the market (growth potential, opportunities, drivers, industry-specific challenges and risks).

• Focuses on the key global Keyword manufacturers, to define, describe and analyze the sales volume, value, market share, market competition landscape, SWOT analysis, and development plans in the next few years.

• To analyze the Keyword with respect to individual growth trends, future prospects, and their contribution to the total market.

• To project the value and volume of Keyword sub-markets, with respect to key regions (along with their respective key countries).

• To analyze competitive developments such as expansions, agreements, new product launches, and acquisitions in the market.

• To strategically profile the key players and comprehensively analyze their growth strategies

Frequently Asked Questions

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The post Blood Collection Devices Market Size, Revenue, Latest Trends, CAGR Status, Growth Opportunities and Forecast to 2027 appeared first on Gatorledger.

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