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Report Overview
2023
Base Year
2018-2023
Historical Year
2024-2032
Forecast Year
Global Blood Collection Market Outlook
The global blood collection market value in 2023 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 2032.
Blood Collection Market Report Snapshots
Blood Collection Market Companies
*While we strive to always give you current and accurate information, the numbers depicted on the website are indicative and may differ from the actual numbers in the main report. At Expert Market Research, we aim to bring you the latest insights and trends in the market. Using our analyses and forecasts, stakeholders can understand the market dynamics, navigate challenges, and capitalize on opportunities to make data-driven strategic decisions.*
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Key Questions Answered in the Report
The blood collection Market was valued at USD 8.49 billion in 2023.
The market is expected to grow at a CAGR of 6.1% from 2024 to 2032 to reach a value of USD 14.46 billion by 2032.
The major drivers of the industry, such as the increased prevalence of chronic illnesses worldwide such as blood cancer, rapidly growing geriatric population, and increasing initiatives by international organisations to raise awareness about blood collection and blood donation drives, are expected to aid the market growth.
The key market trends guiding the growth of the industry include the ongoing research and development activities around COVID-19, such as the increasing focus on routine blood tests as a potential COVID-19 detection test and the increasing demand for plasma donations and COVID-19 antibody testing.
The major regions in the industry are North America, Latin America, the Middle East and Africa, Europe, and the Asia Pacific.
The different blood collection products include needles and syringes, blood collection tubes, blood bags, and others.
The significant applications considered within the market report include diagnostics and treatment.
The significant end use segments considered within the market report include hospitals, diagnostic centres, blood banks, and others.
The major players in the industry are Abbott Laboratories, NIPRO Medical Corp, Becton, Dickinson and Company, Terumo Corp, Medtronic, Qiagen, and others.
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