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Blood Collection Devices Market is set to Grow at a Remarkable Pace by 2033

Ganesh Shinde
Blood Collection Devices Market is set to Grow at a Remarkable Pace by 2033

The Blood Collection Devices Market is expected to grow at a CAGR of 6.5% during the forecast period, with the market predicted to be worth US$ 7.7 billion in 2023 and values projected to exceed US$ 14.4 billion by 2033. The market is primarily driven by factors such as the increasing number of accidents and trauma cases, the emergence of liquid biopsy tests, and the demand for blood donations and blood components.

The demand for effective blood collection is increasing in response to the rising frequency of infectious diseases such as hepatitis B (HBV), hepatitis C (HCV), HIV, malaria, syphilis, and brucellosis. Additionally, the global burden of chronic diseases is increasing, with cardiovascular disease accounting for about half of all chronic disease mortality (CVD). The American Heart Association predicts that the frequency of CVD in the United States will climb to 40.5% by 2030.

As a result, there is a greater emphasis on health checkups and disease awareness, driving the adoption of blood collection devices. Blood tests are the primary mode of diagnosing these diseases, making the blood collection devices market a significant contributor to the growth of the healthcare industry.

Comparative View of Adjacent Blood Collection Devices Market

Competitive Landscape:

A few of the major players are Smiths Medical (US), Dickinson and Company (US), Terumo BCT (US), Retractable Technologies (US), Fresenius Kabi AG (Germany), Becton, Grifols S.A.(Spain), Terumo BCT (US), Haematonics (US), Greiner Holding (Austria), Quest Diagnostics (US), Nipro Medical Corporation (Japan), SARSTEDT AG & Co. (Germany), Macopharma (France), and Cardinal Health (US).

To increase their share, major corporations are pursuing a variety of organic and inorganic strategies such as collaborations, new product development, acquisitions, and regional expansion.

Get More Details@ https://www.futuremarketinsights.com/reports/blood-collection-devices-market

Blood Collection Devices Market Segmentation

By Type:

  • Blood collection tubes
  • Needles & syringes
  • Blood bags
  • Blood collection systems or monitors
  • System type
  • Lancets
  • Others

By End User:

  • Hospitals
  • Ambulatory Surgical Centre & Nursing Homes
  • Blood Bank
  • Diagnostic & Pathology Laboratories
  • Others

By Method:

  • Manual Blood Collection
  • Automated Blood Collection

By Application:

  • Diagnostic
  • Therapeutic

Ganesh Shinde
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