The global blood collection market size is expected to reach USD 7.82 Billion in 2028 and register a revenue CAGR of 6.2% over the forecast period, according to the latest report by Reports and Data. Rising prevalence of lifestyle and chronic diseases and increasing number of trauma and accident cases are some key factors expected to continue to drive market revenue growth over the forecast period. In addition, increasing Point-Of-Care (POC) testing is expected to contribute significantly to revenue growth of the market going ahead.
Prevalence of chronic diseases and illnesses is continuing to grow, and cardiovascular disease accounts for almost half of all chronic disease deaths globally. Obesity and diabetes are indicating worrying trends, not only because diseases now affects a significant portion of the global population, but because diseases have become more prevalent at a relatively young age among individuals. Rising prevalence of lifestyle diseases worldwide, notably in developing countries, is also expected to support market growth. This has led to increased conformity with repetitive medical tests and increasing importance of symptoms to diagnose disease states, primarily through blood collection. Private health testing, and also organizational check-ups for employee well-being, have become more frequent, as blood tests are the primary technique for diagnosing various illnesses. Increasing shift towards adopting health programs by multinational companies and organizations is expected to have favorable impact on market growth. However, storing and shipping complications and high costs of automated blood collection equipment are some key factors expected to restrain market growth to a certain extent over the forecast period.
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Market Overview:
Due to increased efforts by regional governments as well as global agencies such as the WHO to deliver basic healthcare to all, the pharmaceutical and healthcare markets have been steadily growing. One of the main objectives of governments around the world is to make primary healthcare available to everyone. Countries with universal primary healthcare are aiming to improve their healthcare infrastructure, giving the pharmaceutical and healthcare industries a boost.
Businesses that provide medical services, manufacture medical equipment or medications, provide medical insurance, or otherwise enable the provision of healthcare to patients make up the healthcare sector.
- All enterprises involved in the provision and coordination of medical and related goods and services fall within the healthcare industry.
- This industry has some important benefits, but it is also troubled by a number of variables that could cause economic troubles.
- The healthcare sector provides for a disproportionate amount of spending in relation to health results, which has raised concerns about politically-driven reform.
Top Key Players:
Fresenius Kabi AG, Becton, Dickinson and Company, Haemonetics Corporation, Grifols, S.A., TERUMO BCT, Inc., Smiths Medical, Inc., Macopharma S.A., Retractable Technologies, Inc., Kawasumi Laboratories Incorporated, and Greiner Holding AG
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Market segment analysis:
Product Outlook (Revenue, USD Billion; 2018-2028)
- Needles Syringes
- Blood Collection Tubes
- Heparin Tubes
- EDTA Tubes
- Serum Tubes
- ESR Tubes
- Vacuum Tubes
- Coagulation Tubes
- Vacuum Tubes
- Non-vacuum Tubes
- Glucose Tubes
- Blood Bags
- Lancets
- Blood Collection Systems Monitors
Application Outlook (Revenue, USD Billion; 2018-2028)
- Diagnostics
- Therapeutics
End-Use Outlook (Revenue, USD Billion; 2018-2028)
- Hospitals Nursing Homes
- Blood Banks
- Diagnostics Centers Laboratories
- Others
The Blood Collection market has been segmented into key regions of the world and offers an analysis of growth rate, market share, market size, current and emerging trends, production and consumption ratio, industrial chain analysis, demand and supply, import and export, revenue contribution, and presence of key players in each region. Major competitors around the world have been stressed to understand the level of competition. Several factors, such as productivity, manufacturing base, and product type, were considered to investigate various global regions, such as North America, Latin America, Europe, Asia Pacific, and India. In order to clearly understand the current scope of the existing industry, the competitive environment has been refined.
In addition to corporate strategy, Blood Collection market report throws light on different factors that either drive or curb the growth of the market. The focus is more on applicable sales strategies to increase the company’s productivity to achieve higher economic performance. It also covers research and development activities, online and offline activities, the latest product launches, and some of the competitive expansion adopted by major global companies. Research reports use effective graphical presentation techniques such as tables, charts, graphs, diagrams, and info graphics.
Reasons for Buying this Report:
- This report provides pin-point analysis for changing competitive dynamics
- It provides a forward-looking perspective on different factors driving or restraining market growth
- It provides a six-year forecast assessed on the basis of how the market is predicted to grow
- It helps in understanding the key product segments and their future
- It provides pin point analysis of changing competition dynamics and keeps you ahead of competitors
- It helps in making informed business decisions by having complete insights of market and by making in-depth analysis of market segments
- PEST analysis of the market in the five major regions.
Finally, all aspects of the Blood Collection market are quantitatively as well qualitatively assessed to study the global as well as regional market comparatively. This market study presents critical information and factual data about the market providing an overall statistical study of this market on the basis of market drivers, limitations and its future prospects. The report supplies the international economic competition with the assistance of Porter’s Five Forces Analysis and SWOT Analysis.
About Reports and Data
Reports and Data is a market research and consulting company that provides syndicated research reports, customized research reports, and consulting services. Our solutions purely focus on your purpose to locate, target, and analyze consumer behavior shifts across demographics, across industries, and help clients to make smarter business decisions. We offer market intelligence studies ensuring relevant and fact-based research across multiple industries, including Healthcare, Touch Points, Chemicals, Products, and Energy. We consistently update our research offerings to ensure our clients are aware of the latest trends existent in the market. Reports and Data has a strong base of experienced analysts from varied areas of expertise. Our industry experience and ability to develop a concrete solution to any research problems provides our clients with the ability to secure an edge over their respective competitors.
