NEW YORK, Aug. 11, 2016 /PRNewswire/ -- The blood collection market is expected reach USD 9.90 billion by 2021 from USD 7.65 billion in 2016, at CAGR of 5.3% from 2016 to 2021. Factors such as increasing number of surgical procedures requiring blood transfusions, rising prevalence of diseases, and growing number of accidental and trauma cases are driving growth in the blood collection market. However, risks associated with blood transfusions in underdeveloped regions is expected to restrain the growth of the blood collection market to a certain extent.
In this report, the blood collection market is segmented on the basis of products, applications, end users, and regions. On the basis of products, the blood collection market is categorized into blood collection needles and syringes, blood collection tubes, blood lancets, blood bags, vials, and others (microscopic slides, slide stainers, and test tube racks). The blood collection needles and syringes segment is expected to account for the largest share of the blood collection market in 2016. The increasing demand of blood collection needles and syringes in blood collection procedures (due to the increasing number of surgeries) is the major factor contributing to the growth of this segment.
The blood collection market, by application, is segmented into diagnostics and treatment applications. The diagnostics segment is further divided into infectious diseases and non-infectious diseases. The diagnostics segment is expected to account for the largest share of the blood collection market in 2016. The increasing demand for blood in diagnostic procedures and increasing number of accidental and trauma cases are the major factors driving the growth of the diagnostics market.
On the basis of end users, the blood collection market is segmented into hospitals and diagnostic centers, blood banks, and other end users (long-term acute care centers, trauma centers, and nursing homes). The hospitals and diagnostic centers segment is expected to account for the largest share of the blood collection market in 2016. The large share of this segment is primarily attributed to the increasing demand of donated blood, growing number of organ transplantation surgeries, and increasing number of blood donations worldwide.
North America is expected to account for the largest share of the blood collection market in 2016. The implementation of favorable government initiatives for blood safety is the major factor driving the growth of the blood collection market in North America. The Asia-Pacific market, on the other hand, is expected to grow at the highest CAGR in the forecast period. This market is primarily driven by the increasing incidences of infectious diseases.
The key players in the blood collection market are Becton, Dickinson and Company (U.S.), Abbott Laboratories (U.S.), Nipro Medical Corporation (Japan), and Terumo Corporation (Japan).
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From an insight perspective, this research report has focused on various levels of analyses—industry analysis (industry trends), market share analysis of top players, supply chain analysis, and company profiles, which together comprise and discuss the basic views on the competitive landscape, emerging and high-growth segments of the blood collection market, high-growth regions, and market drivers, restraints, and opportunities.
The report provides insights on the following pointers:
Market Penetration: Comprehensive information on products offered by the top players in the global blood collection market
Product Development/Innovation: Detailed insights on upcoming technologies, research & development activities, and new product launches in the blood collection market
Market Development: Comprehensive information about lucrative emerging markets—the report analyzes the markets for blood collection across regions
Market Diversification: Exhaustive information about new products, untapped geographies, recent developments, and investments in the global blood collection market
Competitive Assessment: In-depth assessment of market shares, strategies, products, and manufacturing capabilities of the leading players in the global blood collection market
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