Global Blood Collection Market Report and Forecast 2025-2034

Global Blood Collection Market Outlook

The global blood collection market value in 2024 was USD 8.49 billion, driven by the increasing prevalence of infectious and non-communicable diseases across the globe. The global blood collection market size is anticipated to grow at a CAGR of 6.1% reaching USD 14.46 billion by 2034.

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Increased Demand for Needles and Syringes to Catalyse the Market Growth of the Global Blood Collection Industry

Based on product, the needles and syringes segment is expected to hold a significant share in the global blood collection industry during the forecast period. This growth can be attributed to the heightened utilisation of hypodermic needles for drawing blood worldwide. Moreover, the increased siliconisation of needles increases their durability while reducing the friction caused by the hypodermic needles due to the force required to puncture the skin and drag the needle out, which makes it more comfortable for the patient. These factors are estimated to drive the market growth in the forecast period.

North America to Possess a Substantial Market Share in the Global Blood Collection Industry

North America is predicted to hold a substantial market share in the global blood collection industry. This surge can be attributed to the rising demand for blood collection and blood transfusion owing to the rapid spread of chronic illnesses and the growing rates of road accidents in the region. According to the Leukaemia and Lymphoma Society statistics, approximately a total of 178,520 individuals in the US were predicted to be diagnosed with leukaemia, lymphoma, or myeloma in 2020. In addition, the thriving healthcare industry and the increased research and development activities in the region are also expected to contribute to the market growth in the coming years.

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If you choose to purchase the full report at a later stage, the amount already paid will be adjusted, and you will only need to pay the remaining balance.

Purchase the Regional Overview for USD 1099

If you choose to purchase the full report at a later stage, the amount already paid will be adjusted, and you will only need to pay the remaining balance.

Purchase the Regional Overview for USD 1099

If you choose to purchase the full report at a later stage, the amount already paid will be adjusted, and you will only need to pay the remaining balance.

Blood Collection: Market Segmentation

Blood collection, also known as venipuncture or phlebotomy, refers to the process of drawing blood from a vein, usually for lab testing purposes. Another reason for drawing could be to reduce the excess red blood cells in order to treat certain blood-related disorders. In addition, the popular modes of drawing blood are arterial sampling, fingerstick sampling, heel stick sampling, mainly for infants, and venipuncture sampling. The major purpose of the blood collection process is to identify respiratory, metabolic, and mixed acid-base that is where the CO2 levels of the patient require monitoring. While generally, the process is safe, it may adversely result in the risk of infection and excessive bleeding for people with coagulopathy.

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By product, the market is distributed into:

• Needles and Syringes 
• Blood Collection Tubes
• Blood Bags 
• Others

On the basis of application, the industry can be bifurcated into:

• Diagnostics
• Treatment

Based on end use, the market can be segmented into:

• Hospitals 
• Diagnostic Centres
• Blood Banks
• Others

The regional markets for the product include North America, Europe, the Asia Pacific, Latin America, and the Middle East and Africa.

Heightened Prevalence of Blood-Related Disorders and the Rampant Spread of Covid-19 to Augment the Growth of the Global Blood Collection Industry

The rising prevalence of chronic blood disorders is expected to drive the growth of the global blood collection industry in the coming years. According to the World Cancer Research Fund statistics, approximately 18 million cancer cases were recorded in 2018 worldwide, out of which non-Hodgkin lymphoma accounted for 3%, while leukaemia and multiple myeloma accounted for 2.6% and 0.9%, respectively. The diagnosis of these diseases requires blood collection, while in the treatment procedure, blood transfusion is conducted periodically to replace the red blood cells and other blood components with that of healthy individuals who volunteer to donate blood. Moreover, with the rampant spread of Covid-19, many governments are devising strategies to support the research for utilising routine blood tests to detect Covid-19 infection among patients. Furthermore, blood tests are already being readily used in the Covid-19 antibody tests. These developments are expected to drive the market growth in the forecast period.

Key Industry Players in the Global Blood Collection Market

The report gives a detailed analysis of the following key players in the global blood collection market, covering their competitive landscape, capacity, and latest developments like mergers, acquisitions, and investments, expansions of capacity, and plant turnarounds:

• Abbott Laboratories
• NIPRO Medical Corp
• Becton, Dickinson and Company
• Terumo Corp
• Medtronic 
• Qiagen
• Others

The comprehensive EMR report provides an in-depth assessment of the industry based on the Porter's five forces model and SWOT analysis.

Key Highlights of the Report

Blood Collection Market Report Snapshots

Blood Collection Market Size

Blood Collection Market Companies