Blood Collection Market is estimated to reach a market size worth US$14.068 billion by 2026

Blood Collection Market is estimated to reach a market size worth US$14.068 billion by 2026

By Knowledge Sourcing Intelligence Press Releases

Knowledge Sourcing Intelligence launches the publication of a new report on “Blood Collection Market - Forecasts from 2019 to 2026” to their giving.

The prime factors driving the growth of the blood collection market are the surging cases of chronic diseases and technological advancement leading to rising surgeries and demand.

As per the report, the market for Blood collection market is expected to grow at a steady pace.

The Blood collection market is expected to grow at a CAGR of 5.29% during the study period 2019 to 226. The prime reason resulting in the surge of the blood collection market is surging cases of chronic diseases, such as cancer, cardiovascular diseases, diabetes, and others. Medical check-ups also contribute significantly to market growth. Further, growing medical emergencies and accident cases led to injuries and the requirement of blood for treatment and recovery, increasing the market demand. Moreover, encouragement by the government and institutions to donate blood will increase the market size significantly. However, hesitation by people may constrain the market.

By product, the blood collection market is segmented into a blood collection tube, needles and syringes, blood bags, and lancets. Based on the application of the blood, the market is segmented into diagnostics and treatment. Diagnostic blood collection will grow at a significant rate while treatment dominates the market.

Based on end-users, the blood collection market is fragmented as hospitals, blood banks, diagnostics laboratories, and others. The hospital and blood bank blood collection accommodates a larger market owing to the requirement of blood for treatment at hospitals and storing blood at blood banks.

Based on geography, the blood collection market is segmented into the North American region, the South American region, the Middle East and African region, the European region, and the Asia Pacific region. The Asia Pacific blood collection market shows promising growth during the forecasted period owing to the surging medical tourism industry.

As a part of the report, the major players operating in the blood collection market, that have been covered are Becton, Dickinson, and Company, Cardinal Health, Medtronics, TERUMO BCT INC., Haemonetics Corporation, NIPRO Medical Corporation, Greiner Bio-One International GmbH, Sarstedt AG & Co., KG Retractable Technologies Inc., and AB Medical.

View a sample of the report or purchase the complete study at https://www.knowledge-sourcing.com/report/blood-collection-market

This analytics report segments the blood collection market on the following basis:

  • By Product
    • Blood Collection Tubes
    • Needles and Syringes
    • Blood Bags
    • Lancets
  • By End-users
    • Hospitals
    • Blood Banks
    • Diagnostic Laboratories
    • Others
  • By Application
    • Diagnostic
    • Treatment
  • By Geography
    • North America
      • USA
      • Canada
      • Mexico
    • South America
      • Brazil
      • Argentina
      • Others
    • Europe
      • Germany
      • France
      • United Kingdom
      • Spain
      • Others
    • The Middle East and Africa
      • Saudi Arabia
      • South Africa
      • Others
    • Asia Pacific
      • China
      • India
      • Japan
      • South Korea
      • Others