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Major prevalence of infectious diseases and chronic disorders is a major factor driving the revenue growth of the global Blood Collection market

VANCOUVER, BC, CANADA, October 26, 2021 /EINPresswire.com/ – Blood drive market which provides in-depth Blood Collection market analysis and industry overview with respect to market size, market share, revenue growth, key companies, current and emerging trends the market, recent technological and product developments and a comprehensive analysis.

The blood collection market size is expected to reach $ 7.58 billion in 2028 at a stable CAGR, according to the latest analysis from Emergen Research. The market revenue growth is drastically driven by the high prevalence of infectious diseases and chronic disorders, the advent of liquid biopsy testing, and the increasing demand for blood components. Blood collection is very crucial for specific diagnostic tests to determine effective treatment procedures. Blood samples can be taken from the fingertip, arm, ear, and other parts depending on the test to be performed.

The main methods of blood collection are arterial sampling, finger sampling and venipuncture. Finger sampling involves collecting a very small amount of blood from the tip of a finger. This method is used to determine blood sugar level, hemoglobin level, iron deficiency, cholesterol level, find blood group, etc. Rapid technological advancements and the application of automation technology in blood collection processes have resulted in more accurate data in a short time. The hospitals and nursing homes segment accounted for the majority share of the global market revenue in 2020.

The report aims to offer a clear understanding of the market with respect to the key manufacturers, suppliers, vendors, distributors, and companies involved in the market. The report has been formulated through extensive primary and secondary research as well as verified and reliable data obtained from industry experts and professionals. The main findings of the report have been categorized into graphs, figures, tables and other illustrated representations.

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The global blood collection market is expected to reach $ 7.58 billion in 2028 from its 2020 valuation of $ 4.79 billion at a CAGR of 5.8% during the forecast period. Rapid technological advancements and economic growth are key factors that are expected to drive the market growth during the forecast period. The report further provides a comprehensive analysis of the competitive landscape and provides comprehensive coverage with respect to company profiles, product portfolio, revenue generation, financial position, and market position.

Leading Companies Operating in the Blood Collection Market and featured in the report are:

Becton, Dickinson and Company, Haematonics, Terumo BCT, Fresenius Kabi AG, Grifols, Nipro Medical Corporation, Quest Diagnostics, SARSTEDT AG & Co., Macopharma and Smiths Medical.

Some key findings from the report:

In March 2021, Reperio raised $ 6 million in seed capital from Caduceus Capital Partners and Rogue Venture Partners. This investment will help Reperio provide a home medical test subscription service. This service offers a blood test to measure cholesterol, triglyceride and glucose levels, blood pressure, resting heart rate, BMI and relative fat mass.

The Needles segment is expected to register a CAGR of 6.2% throughout the forecast period. Affordable price, repeat purchases and increasing ease of use are major factors driving revenue growth in this segment.

Asia Pacific is expected to register the fastest revenue CAGR throughout the forecast period. The increasing number of blood donation campaigns and the major technological developments in healthcare infrastructure are key factors propelling the market revenue growth in this region.

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It further offers comprehensive coverage of strategic alliances such as mergers and acquisitions, joint ventures, collaborations, product launches, brand promotions and partnerships, among others. Key strategic alliances for product development and advancement are expected to drive the market growth in the future. The report also covers an in-depth analysis of the major competitors in the market along with their growth strategies and business expansion plans.

For the purpose of this report, Emergen Research has segmented the global Blood Collection market on the basis of product, method, application, end use, and region:

Product Outlook (Revenue, USD Billion; 2018-2028)

Needles

Tubes

Blood bags

Monitors

Others

Outlook Method (Revenue, Billions USD; 2018-2028)

Automatique

Manual

Application Outlook (Revenue, USD Billion; 2018-2028)

Therapeutic

Diagnostic

End-Use Outlook (Revenue, USD Billion; 2018-2028)

Hospital and retirement home

Diagnostic and pathology laboratories

Blood banks

Others

Contents

Chapter 1. Methodology and sources

1.1. Market definition

1.2. Scope of research

1.3. Methodology

1.4. Research sources

1.4.1. Primary

1.4.2. Secondary

1.4.3. Paid sources

1.5. Market estimation technique

Chapter 2. Executive summary

2.1. Summary overview, 2018-2028

Chapter 3. Main information

Chapter 4. Global Blood Collection Market Segmentation and Impact Analysis

4.1. Global Blood Collection Market Segmentation Analysis

4.2. Industrial outlook

4.2.1. Analysis of market indicators

4.2.2. Market driver analysis

4.2.2.1. Rapid technological advancements in the blood collection process

4.2.2.2. Major prevalence of infectious diseases

4.2.3. Analysis of market constraints

4.2.3.1. High cost of automated blood collection devices.

4.2.3.2. Difficulties in storing and shipping blood.

4.3. Technological insights

4.4. Regulatory framework

4.5. Porter’s Five Forces Analysis

4.6. Competitive metric space analysis

4.7. Price trend analysis

4.8. Covid-19 impact assessment

Continued…!

Regional analysis of Blood Collection Market includes analysis of production and consumption ratio, demand and supply dynamics, regional trends and growth drivers, growth prospects, presence of key manufacturers and suppliers, along with market size and share in key regions such as North America, Latin America, Europe, Asia-Pacific, Middle East and Africa. The report further offers key insights into the country-by-country analysis and the major factors driving the revenue growth of each regional market.

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The detailed regional analysis covers:

North America

Canada

we

Mexico

Europe

Germany

Italy

UK

Rest of the EU

Asia Pacific

India

China

Japan

South Korea

Rest of the APAC

Latin America

Brazil

Argentina

Rest of Latin America

Middle East and Africa

Saudi Arabia

South Africa

United Arab Emirates

Rest of the MEA

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Thanks for reading our report. The report can be customized as needed. Please contact us for more information and we will make sure you get the report that best suits your needs.

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Shabaz Sayyed
Emerging research
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