Blood Collection Market Size to Reach USD 7.58 Billion in 2028 Growing at a CAGR of 5.8%, according to Emergen Research

Emergen Research has published its latest report titled “Blood Collection Market, By Product Type (Needles, Tubes, Blood Bags, Monitors, Others), By Method (Automated, Manual), By Application (Therapeutics, Diagnostics), By End-use (Hospitals & Nursing Homes, Diagnostic & Pathological Laboratories, Blood Banks, Others), and By Region, Forecast to 2028”

According to Emergen Research, the global blood collection market size was USD 4.79 Billion in 2020 and is expected to reach USD 7.58 Billion in 2028 and register a revenue CAGR of 5.8% during the forecast period, 2021-2028.

Market Dynamics:

The global blood collection market revenue growth is primarily attributed to growing prevalence of chronic and infectious diseases such as HIV, HPV, hepatitis, diabetes, and tuberculosis; increasing volumes of surgical procedures; rising number of liquid biopsy tests; and increasing need for blood components. Blood collection and sampling is important for various diagnostic tests and procedures, and the different blood collection methods include arterial sampling, venipuncture sampling, and fingerstick sampling methods. In arterial sampling, the blood samples are is taken from the arteries, and the method is used in detection of metabolic, respiratory, and mixed acid-base disorders. The venipuncture sampling method is one of the most common blood collection methods, in which the blood sample is taken from a superficial vein; while, the fingerstick sampling method is used to collect a small amount of blood from one’s fingertip. The method is most widely used to check and monitor hemoglobin levels, blood sugar levels, iron deficiency, and cholesterol levels. Other major factors accounting for steady revenue growth of the global blood collection market are technological advancements in blood collection and sampling methods and equipment, increasing regulatory approvals for new and advanced medical technologies and solutions, and rising need for regular health check-ups.

Click Here to Access Free sample PDF Copy of the Report@

COVID-19 Impact Analysis:

  • Social distancing and restrictions severely disrupted businesses and operations
  • Lockdowns caused disruptions in transportation and logistics
  • Impacted manufacturing activities and mining operations globally
  • Took a toll on economy of various countries
  • Caused sudden and drastic downturn in economic activity
  • Disrupted agriculture, fisheries, dairy, and other sectors
  • Caused loss of employment and financial crisis
  • Supply impacts were further compounded owing to reduced disposable income
  • Emergence of variants  continue to cause concerns and impact normal routines

Needles Product Type Segment Accounted for Largest Revenue Share in 2020:

Based on product type, the global blood collection market is segmented into needles, tubes, blood bags, monitors, and others. The needles segment accounted for the largest revenue share in the global market in 2020, owing to factors such as growing prevalence of chronic and infectious diseases, rising cases of blood-related disorders, increasing volumes of surgical procedures, and advantages associated with the products such as high affordability and ease of use.

Segment to Account for Fastest Revenue CAGR:

In terms of application, the global blood collection market is segmented into therapeutics and diagnostics. The diagnostics segment is projected to register the fastest revenue growth rate in the global market over the forecast period. Increasing prevalence of blood-related and chronic disorders such as diabetes, cancer, and HIV, and growing use of advanced blood collection technologies in hospitals, nursing homes, diagnostic & pathological laboratories, and blood banks are major factors boosting this segment’s revenue growth.

North America Accounted for Largest Revenue Share in 2020:

Among regional markets, the North America blood collection market accounted for the largest revenue share in the global market in 2020. The United States was the largest contributor to revenue growth of the global market. Key factors driving the North America market revenue growth are rapid adoption of advanced diagnostic techniques and solutions, growing number of blood donation campaigns, increasing healthcare research & development activities, technological advances in healthcare infrastructure, and presence of major key players in the region.

Make Payment [Buy your Exclusive copy]@

Major Companies in the Global Blood Collection Market Include:

  • Becton, Dickinson and Company
  • Haematonics
  • Terumo BCT
  • Fresenius Kabi AG
  • Grifols
  • Nipro Medical Corporation
  • Quest Diagnostics
  • Macopharma
  • Smiths Medical
  • Others

For the purpose of this report, Emergen Research has segmented the global blood collection market based on product type, method, application, end-use, and region:

Product Type Outlook (Revenue, USD Billion; 2018–2028)

  • Needles
  • Tubes
  • Blood Bags
  • Monitors
  • Others

Method Outlook (Revenue, USD Billion; 2018–2028)

  • Automated
  • Manual

Application Outlook (Revenue, USD Billion; 2018–2028)

  • Therapeutics
  • Diagnostics

End-use Outlook (Revenue, USD Billion; 2018–2028)

  • Hospitals & Nursing Homes
  • Diagnostic & Pathological Laboratories
  • Blood Banks
  • Others

Have a look at Report Description and Table of Contents of Market Report@

Region Outlook (Revenue, USD Billion; 2018-2028)

  • North America
    • U.S.
    • Canada
    • Mexico
  • Europe
    • Germany
    • France
    • U.K.
    • Italy
    • Spain
    • Rest of Europe
  • Asia Pacific
    • China
    • India
    • Japan
    • South Korea
    • Rest of Asia Pacific
  • Latin America
    • Brazil
    • Rest of Latin America
  • Middle East & Africa
    • Saudi Arabia
    • U.A.E.
    • South Africa
    • Turkey
    • Rest of Middle East & Africa

Explore Reports offered by Emergen Research:

Battery Materials Market Analysis By Battery Type (Lead-Acid, Lithium-Ion, Others), By Material Type (Metal & Metal Oxide, Other Chemical Compounds), By Application (Consumer Electronics, Automotive, Grid Storage, Others), By Region, Forecasts to 2027

Electric Vehicle Battery Market Size, Share, Trends, By Battery Type (Lead-acid, Lithium-ion, Others), By Vehicle Type (Commercial, Passenger), and By Propulsion (Plug-In Hybrid, Battery), Forecasts to 2027

Anti-Reflective Coatings Market By Resin Type (Acrylic, Urethane, Epoxy), By Technology (Electron Beam, Sputtering), By Application (Eyewear, Electronic, Solar Panels, Automotive), Forecasts to 2027

Nanopatterning Market By Type (Nanoimprint Lithography, E-beam lithography, Others), By Technology (Soft lithography, UV nanoimprint lithography, Others), Application (Consumer Electronics, Healthcare, Foundry, Others), By Region Forecasts to 2027

Polylactic Acid Market By Product Type (Racemic PLLA (Poly-L-lactic Acid), Regular PLLA (Poly-L-lactic Acid), PDLA (Poly-D-lactic Acid), PDLLA (Poly-DL-lactic Acid)), Distribution Channel, BY Application (Packaging, Textile, Transport, Agriculture, Electronics, Medical), Forecasts to 2027

About Emergen Research

Emergen Research 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 make smarter business decisions. We offer market intelligence studies ensuring relevant and fact-based research across multiple industries, including Healthcare, Touch Points, Chemicals, Types, and Energy. We consistently update our research offerings to ensure our clients are aware of the latest trends existent in the market. Emergen Research 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.

Contact Us:

Eric Lee

Corporate Sales Specialist

Emergen Research | Web:

Direct Line: +1 (604) 757-9756


Facebook | LinkdIn | Twitter | Blogs

Full Press Release@

Back to news