Blood collection systems is a process by which blood is taken from a patient and stored for the purposes of giving it to another patient. The main users of these systems are hospitals and blood collection agencies like SANBS.
There has been a drastic increase in demand for blood and blood collection systems as there has been an increase in surgeries and blood transfusions due to the increase in coronavirus cases. It is also due to the fact that surgeries and accidents happen on a constant basis thereby having a constant need for blood and blood collection systems.
Blood collection systems Market size was estimated at USD _43.7 million in 2022 and is forecast to reach USD _87.9 million by 2031.
This has become a huge problem because there is a limited amount of blood collection systems and there is not enough to meet the current demand. Especially considering these systems need to be continuously cleaned in order to prevent the spread of the virus. This means that there is a lack of blood for many hospitals making blood banks more reluctant to give out blood to just any patient. Patients, therefore, have to meet certain criteria in order to qualify for blood which means a lot of patients who may need the transfusions will not be able to get it.
Segmentation Analysis
Blood Collection Systems Market Growth and Trends
Chronic diseases are rapidly increasing on a global scale, which includes cardiovascular disease obesity and diabetes, not only because they affect a large section of the population but also because they have started to show signs earlier in life. The prevalence of lifestyle diseases is also growing across the globe, and particularly in emerging countries. So, to ensure early detection, there has been an upswing in the heath checkup trend via blood collection, which necessitates the presence of an efficient blood collection system that ensures proper and safe collection of blood sample. Health checkups have gained popularity at a personal level and also observed growing trend at a corporate level for employee well-being. These are highly favourable factors the blood collection systems market, as blood tests are a principle mode of diagnosing diseases. Collecting blood samples from patients with difficult venous access is challenging and sometimes impossible. In such patients, traditionally used blood collection systems are often unable to collect adequate samples, and therefore to overcome this issue innovative haematology-tube designs are now being introduced to support capillary-blood collection for lessening the risks of collection and processing errors. Besides a vein illumination and visualization technique is used to assist healthcare professionals in finding a good vein for venipuncture. Such advancement in the technology of blood collection systems is propelling its rapid market growth. The hospital segment is witnessing highest market growth in relation to blood collection systems, going by end-user categorization of the market.
Storage and shipping of whole blood samples poses significant costs and challenges. Once collected, the entire blood sample must be used immediately or stored and maintained under specific temperature and environmental conditions for examination or other applications, because the blood sample characteristics begin to change within a certain span of collection if not refrigerated or frozen.
Blood Collection Systems Market Competition
Key companies operating in this industry are Becton Dickinson, Terumo, Greiner Bio-One, Medtronic, SEKISUI Medical, Sarstedt, Narang Medical, F.L. Medical, Improve-medical, and Hongyu Medical.
Coverage Highlights
• Blood Collection Systems Market Revenue Estimation and Forecast (2022 – 2031)
• Production Estimation and Forecast (2022 – 2031)
• Sales/Consumption Volume Estimation and Forecast (2022 – 2031)
• Breakdown of Revenue by Segments (2022 – 2031)
• Breakdown of Production by Segments (2022 – 2031)
• Breakdown of Sales Volume by Segments (2022 – 2031)
• Gross Margin and Profitability Analysis of Companies
• Business Trend and Expansion Analysis
• Import and Export Analysis
Blood Collection Systems Market Segmentation
Product Outlook (Revenue, USD Million, 2022 - 2031)
• EDTA Tubes
• Plasma Separation Tube
• Others
Application Outlook (Revenue, USD Million, 2022 - 2031)
• Venous Blood Collection
• Capillary Blood Collection
Country (Revenue, USD Million, 2022 - 2031)
North America
• United States
• Canada
• Mexico
Asia-Pacific
• China
• Japan
• South Korea
• India
• Philippines
• Malaysia
• Australia
• Rest of Asia Pacific
Europe
• Italy
• Spain
• France
• UK
• Germany
• Belgium
• Netherlands
• Switzerland
• Russia
• Rest of Europe
South America
• Brazil
• Peru
• Chile
• Rest of South America
The Middle East and Africa
• Iran
• Israel
• Saudi Arabia
• Turkey
• Africa
Blood Collection Systems Market Companies
• Becton Dickinson
• Terumo
• Greiner Bio One
• Medtronic
• SEKISUI Medical
• Sarstedt
• Narang Medical
• F.L. Medical
• Improve-medical
• Hongyu Medical
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