Blood Collection Market to Exhibit a CAGR of 4.70% due to Growing Prevalence of Range of Diseases and Surgeries, Says TMR

ALBANY, New York, Feb. 12, 2019 /PRNewswire/ -- According to TMR, the global blood collection market is projected to reach a revenue of US$9.8 bn by garnering a CAGR of 4.70% over the forecast period from 2017 and 2022.

Based on the product, the needles and syringes segment is dominated by the global blood collection market and is expected to remain dominant with a share of 29.4% by the end of the forecast period. The segment is expected to rise with a revenue of US$0.08 bn per year over the forecast period from 2017 to 2022.

Based on the region, North America dominated the global blood collection market and is expected to expand with a CAGR of 4.90% over the forecast period. However, the Asia Pacific is expected to witness a number of lucrative opportunities for growth over the forecast period.  

Get PDF Brochure for Research Insights at https://www.transparencymarketresearch.com/sample/sample.php?flag=B&rep_id=33059

Growing Prevalence of Range of Diseases and Surgeries to Impel Market Growth

The global blood collection market is gaining traction due to the rising prevalence of a range of diseases, which further creates demand for improved treatments. For treatment of the particular disease, a collection of blood samples and the basic laboratory examination plays a vital role in recognizing the way of treatment. Thus, demand for the advanced blood collection and examination technique is growing significantly, and driving growth of the global blood collection market.

The rising number of accidental cases, chronic diseases, and trauma cases is propelling demand for advanced detection methods and fuelling the growth of the blood collection market. Additionally, a growing number of surgical procedures and organ transplant and cancer surgeries that require the blood transfusion, is boosting demand for the blood collection techniques and devices. This is a key factor boosting demand for needles, tubes, and syringes, and propelling the growth of the blood collection market.

Request a Sample of Report at https://www.transparencymarketresearch.com/sample/sample.php?flag=S&rep_id=33059

The growing number of blood components tests, as well as liquid biopsy tests, is supporting the growth of the blood collection market.

Absence of Skilled Professionals and High Cost Crimping Market Growth

Despite these growth prospects, the blood collection market is facing some challenges such as lack of skilled professionals and the high cost of automated blood collecting devices. These challenges are posing as major restraints to the growth of the global blood collection market.

Request For Discount On This Report - https://www.transparencymarketresearch.com/sample/sample.php?flag=D&rep_id=33059

Nonetheless, growing advancements in the products and introduction of the numerous FDA- cleared products is offering lucrative opportunities for the growth of the global blood collection market.

Transparency Market Research (TMR) witnesses that the global blood collection market has a highly fragmented and competitive vendor landscape. Some of the companies operating in the global blood collection market are Dickinson and Company, Abbott Laboratories, Inc., Greiner Holding AG, Terumo Corporation, and Sarstedt AG & Co. The presence of a plethora of small and local vendors in the market is increasing the level of the competition and fragmentation of the market. 

Request For Custom Research - https://www.transparencymarketresearch.com/sample/sample.php?flag=CR&rep_id=33059

TMR observes that the major companies are increasingly involved into merger and acquisition (M&A) and other players are adopting strategies for gaining a competitive edge. The rising number of collaborations is providing a boost to the growth of the blood collection market over the forecast period.

This information is encompassed in the report by TMR, titled "Blood Collection Market (Product - Blood Collection Needles and Syringes, Blood Collection Tubes, Blood Lancets, Blood Bags, and Vials; End User - Hospitals and Diagnostic Center, and Blood Banks; Application - Diagnostics and Treatment) - Global Industry Analysis, Size, Share, Growth, Trends and Forecast 2017 - 2022."

Popular Research Reports by TMR:

• Specimen Validity Testing Market: https://www.transparencymarketresearch.com/specimen-validity-testing-market.html 
• Antimycobacterial Drugs Market: https://www.transparencymarketresearch.com/antimycobacterial-drugs-market.html 
• Prurigo Nodularis Treatment Market: https://www.transparencymarketresearch.com/prurigo-nodularis-treatment-market.html
• Neurological Biomarkers Market: https://www.transparencymarketresearch.com/neurological-biomarkers-market.html  

About Us

Transparency Market Research (TMR) is a global market intelligence company providing business information reports and services. The company's exclusive blend of quantitative forecasting and trend analysis provides forward-looking insight for thousands of decision makers. TMR's experienced team of analysts, researchers, and consultants use proprietary data sources and various tools and techniques to gather and analyze information.

TMR's data repository is continuously updated and revised by a team of research experts so that it always reflects the latest trends and information. With extensive research and analysis capabilities, Transparency Market Research employs rigorous primary and secondary research techniques to develop distinctive data sets and research material for business reports.

Contact
Mr. Rohit Bhisey
Transparency Market Research
State Tower,
90 State Street,
Suite 700,
Albany NY - 12207
United States
Tel: +1-518-618-1030
USA - Canada Toll Free: 866-552-3453
Email: [email protected] 
Website: http://www.transparencymarketresearch.com 
Research Blog: https://theglobalhealthnews.com/

SOURCE Transparency Market Research