Blood Collection
Blood Collection Market by Product Type (Blood Collection Needles, Blood Collection Tubes, Blood Lancets), Method (Automated Blood Collection, Manual Blood Collection), End User - Global Forecast 2025-2030
SKU
MRR-437D459580D9
Region
Global
Publication Date
February 2025
Delivery
Immediate
2024
USD 12.91 billion
2025
USD 13.79 billion
2030
USD 19.10 billion
CAGR
6.75%

The Blood Collection Market size was estimated at USD 12.91 billion in 2024 and expected to reach USD 13.79 billion in 2025, at a CAGR 6.75% to reach USD 19.10 billion by 2030.

Blood Collection Market
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The scope of the blood collection market encompasses the methods, devices, and systems used to collect blood for various purposes, including medical diagnostics, transfusions, research, and therapeutic procedures. This market gains necessity from the critical role blood plays in healthcare, providing valuable data for diagnosing illnesses, managing patients, and conducting clinical research. Key applications of blood collection include laboratory testing, blood banking, and research studies, with end-use sectors spanning hospitals, diagnostic centers, and research institutions. The market's growth is prominently influenced by the increasing prevalence of chronic diseases, rising demand for blood transfusions, and advancements in healthcare infrastructure. Additionally, growing public awareness about health and regular health check-ups propels demand. Potential opportunities lie in the expansion of point-of-care testing and the rising utilization of automation and AI in blood collection procedures to enhance efficiency and accuracy. Companies can capitalize on these by investing in innovative technologies such as minimally invasive devices and systems that reduce patient discomfort and improve blood collection efficiency. However, limitations and challenges include the high costs associated with advanced equipment, stringent regulatory requirements, and risks related to blood-borne infections. Furthermore, the market faces challenges in managing the increasing volume of data and ensuring the ethical use of patient information. Innovations are ripe in developing safer, cost-effective, and more efficient blood collection technologies. Rapidly integrating digital health solutions and IoT in data management systems offers significant growth avenues. Insight into this market reveals a transition towards patient-centric solutions, aligning with broader healthcare trends emphasizing personalization and precision medicine. The nature of the market remains dynamic, with continuous research and technological advancements playing crucial roles in addressing both clinical and logistical challenges, thereby fostering sustainable market expansion.

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Market Dynamics

The market dynamics represent an ever-changing landscape of the Blood Collection Market by providing actionable insights into factors, including supply and demand levels. Accounting for these factors helps design strategies, make investments, and formulate developments to capitalize on future opportunities. In addition, these factors assist in avoiding potential pitfalls related to political, geographical, technical, social, and economic conditions, highlighting consumer behaviors and influencing manufacturing costs and purchasing decisions.

  • Market Drivers
    • Identifying crucial influences enhancing the efficiency of blood collection processes and devices
    • Uncovering the economic and regulatory aspects that are steering global blood collection market growth
    • Examining the influence of public health initiatives on increased investments in the blood collection sector
  • Market Restraints
    • Ethical considerations and evolving legal regulations create barriers to entry for new companies
    • Competition from alternative diagnostic technologies lowers demand for traditional blood collection
    • Inadequate healthcare infrastructure in certain regions limits effective blood collection and distribution
  • Market Opportunities
    • The expanding health and wellness industry spurs demand for user-friendly blood sampling kits
    • The surge in minimally invasive procedures highlights need for better small-volume blood collectors
    • The growing home diagnostics market creates demand for portable blood collection devices
  • Market Challenges
    • Competition from alternative medical technologies reducing reliance on traditional blood collection
    • Variability in blood donation rates creating supply-demand imbalances in the blood collection sector
    • The increasing regulatory constraints and compliance demands impacting blood collection industries

Porter’s Five Forces Analysis

The porter's five forces analysis offers a simple and powerful tool for understanding, identifying, and analyzing the position, situation, and power of the businesses in the Blood Collection Market. This model is helpful for companies to understand the strength of their current competitive position and the position they are considering repositioning into. With a clear understanding of where power lies, businesses can take advantage of a situation of strength, improve weaknesses, and avoid taking wrong steps. The tool identifies whether new products, services, or companies have the potential to be profitable. In addition, it can be very informative when used to understand the balance of power in exceptional use cases.

PESTLE Analysis

The PESTLE analysis offers a comprehensive tool for understanding and analyzing the external macro-environmental factors that impact businesses within the Blood Collection Market. This framework examines Political, Economic, Social, Technological, Legal, and Environmental factors, providing companies with insights into how these elements influence their operations and strategic decisions. By using PESTLE analysis, businesses can identify potential opportunities and threats in the market, adapt to changes in the external environment, and make informed decisions that align with current and future conditions. This analysis helps companies anticipate shifts in regulation, consumer behavior, technology, and economic conditions, allowing them to better navigate risks and capitalize on emerging trends.

Market Share Analysis

The market share analysis is a comprehensive tool that provides an insightful and in-depth assessment of the current state of vendors in the Blood Collection Market. By meticulously comparing and analyzing vendor contributions, companies are offered a greater understanding of their performance and the challenges they face when competing for market share. These contributions include overall revenue, customer base, and other vital metrics. Additionally, this analysis provides valuable insights into the competitive nature of the sector, including factors such as accumulation, fragmentation dominance, and amalgamation traits observed over the base year period studied. With these illustrative details, vendors can make more informed decisions and devise effective strategies to gain a competitive edge in the market.

FPNV Positioning Matrix

The FPNV positioning matrix is essential in evaluating the market positioning of the vendors in the Blood Collection Market. This matrix offers a comprehensive assessment of vendors, examining critical metrics related to business strategy and product satisfaction. This in-depth assessment empowers users to make well-informed decisions aligned with their requirements. Based on the evaluation, the vendors are then categorized into four distinct quadrants representing varying levels of success, namely Forefront (F), Pathfinder (P), Niche (N), or Vital (V).

Strategy Analysis & Recommendation

The strategic analysis is essential for organizations seeking a solid foothold in the global marketplace. Companies are better positioned to make informed decisions that align with their long-term aspirations by thoroughly evaluating their current standing in the Blood Collection Market. This critical assessment involves a thorough analysis of the organization’s resources, capabilities, and overall performance to identify its core strengths and areas for improvement.

Key Company Profiles

The report delves into recent significant developments in the Blood Collection Market, highlighting leading vendors and their innovative profiles. These include Abbott Laboratories, AdvaCare Pharma, Becton, Dickinson, and Company, Cardinal Healt, Exelint International, Co., F.L. Medical SRL, Greiner Bio-One International GmbH, Haemonetics Corporation, Medtronic Plc, Nipro Medical Corporation, QIAGEN N.V, Retractable Technologies, Inc., SARSTEDT AG & Co. KG, Shanghai Kohope Medical Devices Co., Ltd., and Terumo Corporation.

Market Segmentation & Coverage

This research report categorizes the Blood Collection Market to forecast the revenues and analyze trends in each of the following sub-markets:

  • Product Type
    • Blood Collection Needles
      • Regular Needles
      • Safety Needles
    • Blood Collection Tubes
      • Non-Vacuum Tubes
      • Vacuum Tubes
        • Gel Tubes
        • Non-Gel Tubes
    • Blood Lancets
      • Regular Lancets
      • Safety Lancets
  • Method
    • Automated Blood Collection
      • Portable Devices
      • Stationary Devices
    • Manual Blood Collection
  • End User
    • Blood Banks
    • Diagnostic Centers
    • Home Care Settings
    • Hospitals & Clinics
  • Region
    • Americas
      • Argentina
      • Brazil
      • Canada
      • Mexico
      • United States
        • California
        • Florida
        • Illinois
        • New York
        • Ohio
        • Pennsylvania
        • Texas
    • Asia-Pacific
      • Australia
      • China
      • India
      • Indonesia
      • Japan
      • Malaysia
      • Philippines
      • Singapore
      • South Korea
      • Taiwan
      • Thailand
      • Vietnam
    • Europe, Middle East & Africa
      • Denmark
      • Egypt
      • Finland
      • France
      • Germany
      • Israel
      • Italy
      • Netherlands
      • Nigeria
      • Norway
      • Poland
      • Qatar
      • Russia
      • Saudi Arabia
      • South Africa
      • Spain
      • Sweden
      • Switzerland
      • Turkey
      • United Arab Emirates
      • United Kingdom

This research report offers invaluable insights into various crucial aspects of the Blood Collection Market:

  1. Market Penetration: This section thoroughly overviews the current market landscape, incorporating detailed data from key industry players.
  2. Market Development: The report examines potential growth prospects in emerging markets and assesses expansion opportunities in mature segments.
  3. Market Diversification: This includes detailed information on recent product launches, untapped geographic regions, recent industry developments, and strategic investments.
  4. Competitive Assessment & Intelligence: An in-depth analysis of the competitive landscape is conducted, covering market share, strategic approaches, product range, certifications, regulatory approvals, patent analysis, technology developments, and advancements in the manufacturing capabilities of leading market players.
  5. Product Development & Innovation: This section offers insights into upcoming technologies, research and development efforts, and notable advancements in product innovation.

Additionally, the report addresses key questions to assist stakeholders in making informed decisions:

  1. What is the current market size and projected growth?
  2. Which products, segments, applications, and regions offer promising investment opportunities?
  3. What are the prevailing technology trends and regulatory frameworks?
  4. What is the market share and positioning of the leading vendors?
  5. What revenue sources and strategic opportunities do vendors in the market consider when deciding to enter or exit?
Table of Contents
  1. Preface
  2. Research Methodology
  3. Executive Summary
  4. Market Overview
  5. Market Insights
  6. Blood Collection Market, by Product Type
  7. Blood Collection Market, by Method
  8. Blood Collection Market, by End User
  9. Americas Blood Collection Market
  10. Asia-Pacific Blood Collection Market
  11. Europe, Middle East & Africa Blood Collection Market
  12. Competitive Landscape
  13. List of Figures [Total: 23]
  14. List of Tables [Total: 367 ]
  15. List of Companies Mentioned [Total: 15]
360iResearch Analyst Ketan Rohom
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Frequently Asked Questions
  1. How big is the Blood Collection Market?
    Ans. The Global Blood Collection Market size was estimated at USD 12.91 billion in 2024 and expected to reach USD 13.79 billion in 2025.
  2. What is the Blood Collection Market growth?
    Ans. The Global Blood Collection Market to grow USD 19.10 billion by 2030, at a CAGR of 6.75%
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    Ans. Most reports are fulfilled immediately. In some cases, it could take up to 2 business days.
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