Global Blood Collection Market Trends, Applications, Analysis, Growth, and Forecast to 2027

MarketResearch.biz delivers in-depth insights on the global blood collection market in its upcoming report titled, “Global Blood Collection Market Trends, Applications, Analysis, Growth, and Forecast to 2027”. The global blood collection market is estimated to register a CAGR of X.X% in terms of value during forecast period 2018–2027. The report offers in-depth insights, revenue details, and other vital information regarding the global blood collection market, and the various trends, drivers, restraints, opportunities, and threats in the target market till 2027. The report offers insightful and detailed information regarding the various key players operating in the global blood collection market, their financials, supply chain trends, technological innovations, key developments, apart from future strategies, acquisitions & mergers, and market footprint. The global blood collection market report has been segmented on the basis of product, end user, and region.

Blood collection is a process of obtaining blood through venous access devices or sometimes by finger stick. Blood is usually collected to perform a variety of laboratory tests. Blood samples are sent for diagnosis to detect risk factor and to monitor the effect of treatment and medication.

Increasing incidences of chronic diseases, and increasing awareness among individuals towards personal health are key factors driving growth of the global blood collection market. In addition, increasing surgical procedures for various diseases, increasing awareness among geriatric population regarding infections and diseases are another major factors expected to drive growth of the global blood collection market.

High cost related to automated blood collection devices is a major factor expected to restrain growth of the global blood collection market. However, technological advancements in devices used for blood collection are expected to create new opportunities for major market players in the global blood collection market over the forecast period.

North America market is a dominant player in the global blood collection market and accounts for largest market share in terms of revenue as compared to that of markets in other regions. This is attributed to well-developed healthcare industry, presence of leading medical diagnostics manufacturers, and rise in number of patients suffering from blood cancer and other disorders. Europe market accounts for the second largest revenue share contribution to the global blood collection market followed by markets in Latin America, Asia Pacific and Middle East & Africa respectively. The market in Asia Pacific is projected to have the fastest growth in terms of revenue, owing to increase in number of patients suffering from chronic diseases, and initiatives by governments for the improvement of healthcare facilities in countries in this region.

Global Blood Collection Market Segmentation:

Global Blood Collection Market Segmentation, by product:

• Blood Collection Tubes
• Needles & Syringes
• Blood Bags
• Blood Collection Devices

Global Blood Collection Market Segmentation, by end user:

• Hospitals
• Blood Banks
• Diagnostic Laboratories
• Others

Global Blood Collection Market Segmentation, by region:

• North America
• Europe
• Asia Pacific
• Latin America
• Middle East & Africa