Blood Collection Market Scope
Blood collection is a process of acquiring blood samples from the donor for performing laboratory diagnostic tests and treating patients. Increasing various countries' government initiatives regarding blood donation is expected to boost the demand for blood collection products. Moreover, extensive research and development by key market players across the world to introduce needle technology with maximum safety and precision are expected to contribute to the very market expansion.
The companies are exploring the market by adopting mergers & acquisitions, expansions, investments, new product launches, and collaborations as their preferred strategies. The players explore new geographies through expansions and acquisitions to avail a competitive advantage through combined synergies. Research Analyst at AMA estimates that United States Players will contribute to the maximum growth of Global Blood Collection market throughout the predicted period.
Becton, Dickinson, and Company (United States), Medtronic (United States), Fresenius (Germany), Abbott Laboratories (United States), Nipro Medical (United States), F.L. Medical (Italy), Smiths Medical (United States), Grifols (Spain), Kawasumi Laboratories (Japan) and Quest Diagnostics (United States) are some of the key players that are part of study coverage. Additionally, the Players which are also part of the research are Terumo Corporation (Japan), Haemonetics Corporation (United States), Greiner Holding AG (Austria) and SARSTEDT AG & Co. KG (Germany).
Segmentation Overview
The study have segmented the market of Global Blood Collection market by Type (Blood Collection Tubes, Needles & Syringes, Blood Bags, Blood Collection Devices and Lancets), by Application (Diagnostics and Treatment) and Region with country level break-up.
On the basis of geography, the market of Blood Collection has been segmented into South America (Brazil, Argentina, Rest of South America), Asia Pacific (China, Japan, India, South Korea, Taiwan, Australia, Rest of Asia-Pacific), Europe (Germany, France, Italy, United Kingdom, Netherlands, Rest of Europe), MEA (Middle East, Africa), North America (United States, Canada, Mexico).
Influencing Trend:
Increase in the Number of Surgical Procedures
Market Growth Drivers:
Increasing Disease Incidence and a Growing Number of Accident & Trauma Cases, The Emergence of Liquid Biopsy Tests Globally and Increasing Demand for Blood Components
Challenges:
Lack of Skilled Professionals
Restraints:
High Cost of Automated Blood Collection Devices
Opportunities:
Technological Advancements in Blood Collection Procedures and Products
Market Leaders and their Expansionary Development Strategies
In July 2021, Becton, Dickinson, and Company (BD) acquired Velano Vascular, Inc. and announced to transform patient experience through the Vision of ‘One-Stick Hospital Stay’. This acquisition added innovative needle-free blood draw technology to reduce the pain and discomfort of multiple needle sticks.
In September 2021, Terumo Blood and Cell Technologies (Terumo), announced an advanced software release for its Finia Fill and Finish System. This update is in response to customer feedback, bespoke requirements, and customer insights into a rapidly evolving manufacturing process, as well as regulatory adaption to the market for automated technology.
Key Target Audience
Healthcare Service Providers, Blood Collection Product Manufacturers, Blood Banks, Government regulatory Bodies and Others
About Approach
The research aims to propose a patent-based approach in searching for potential technology partners as a supporting tool for enabling open innovation. The study also proposes a systematic searching process of technology partners as a
preliminary step to select the emerging and key players that are involved in implementing market estimations. While patent analysis is employed to overcome the aforementioned data- and process-related limitations, as expenses occurred in that technology allows us to estimate the market size by evolving segments as target market from the total available market.