Venous Blood Collection Market size to grow by USD 868.11 million from 2021 to 2026, Driven by the increasing prevalence of chronic conditions - Technavio

NEW YORK, April 12, 2023 /PRNewswire/ -- The venous blood collection market size is forecasted to increase by USD 868.11 million from 2021 to 2026, at a CAGR of 7.73%, according to the recent market study by Technavio. The growth of the market will be driven by the increasing prevalence of chronic conditions, increasing incidence of trauma and accidents, and rising number of surgical procedures around the globe. Technavio offers an up-to-date analysis of the current global market scenario and the overall market environment. View a Sample Report. 

Venous Blood Collection Market - Vendor Analysis:

The global venous blood collection market is fragmented. The market includes international and regional vendors. Technavio has extensively analyzed 15 major vendors, including Aptaca Spa, Becton Dickinson and Co., Bio Rad Laboratories Inc., Cardinal Health Inc., DBO Preanalytical System, FL MEDICAL srl Unipersonale, Fresenius Kabi AG, Greiner Bio One International GmbH, ICU Medical Inc., Jiangsu KANGJIAN Medical Apparatus Co. Ltd., Medtronic Plc, Narang Medical Ltd., Nipro Pharma Packaging International NV, Owen Mumford Ltd., PreQ Systems, Retractable Technologies Inc., SARSTEDT AG and Co. KG, Sekisui Chemical Co. Ltd., Terumo Medical Corp., and Thermo Fisher Scientific Inc.

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Vendor Offerings -

• Becton Dickinson and Co. - The company offers the BD Vacutainer for venous blood collection. The portfolio includes blood collection tubes, needles, holders, and other devices for collecting blood samples.
• Bio Rad Laboratories Inc. - The company offers Hemoglobin Capillary Collection System (HCCS) to collect adult capillary blood, additionally adult venous blood, and others.
• FL MEDICAL srl Unipersonale - The company offers the VACUMED blood collection system for venous blood collection.
• For more insights on vendors and their offerings, request a sample report!

Key Benefits for Industry Players & Stakeholders – 

• The report offers information on the criticality of vendor inputs, including R&D, CAPEX, and technology.
• It also provides detailed analyses of the market's competitive landscape and vendors' product offerings.
• The report also provides a qualitative and quantitative analysis of vendors to help clients understand the wider business environment as well as the strengths and weaknesses of key market players. Data is qualitatively analyzed to categorize vendors as pure play, category-focused, industry-focused, and diversified; it is quantitatively analyzed to categorize vendors as dominant, leading, strong, tentative, and weak.

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Venous Blood Collection Market - Market Segmentation:

The report extensively covers venous blood collection market segmentation by application (vein blood gas sampling and intraoperative blood salvage) and geography (North America, Asia, Europe, and Rest of World (ROW)).

• The market share growth by the vein blood gas sampling segment will be significant during the forecast period. This segment is expected to witness significant growth in terms of market revenue when compared to the intraoperative blood salvage segment due to the rising geriatric population, which requires frequent blood gas sampling and Point-of-Care (POC) diagnostic assessment. This is likely to fuel growth in the blood gas sampling segment. Moreover, the growing number of patients treated in the intensive care units (ICUs) and emergency departments will help with the growth of the blood gas sampling segment. Hence, it is expected that the demand for blood gas sampling will increase and significantly fuel the growth of the global venous blood collection market during the forecast period.

Charts & data tables about market and segment sizes for the forecast period (2022-
2026) have been covered in this report. Download the Sample Report

Venous Blood Collection Market - Market Dynamics:

Key Drivers:

• A major factor driving the growth of the venous blood collection market during the forecast period is the growing prevalence of chronic conditions.
• There is a worldwide increase in the prevalence of cancer and cardiovascular diseases. For instance, according to the International Agency for Research on Cancer, in 2020, the age-adjusted rate of new cancer cases was 19.3 million.
• According to the Centers for Disease Control and Prevention (CDC), around nine million adults in the US were diagnosed with chronic bronchitis in 2020.
• Similarly, the CDC reported that approximately 16 million people in the US were diagnosed with COPD, which was the third-leading cause of death in the country, in 2020.
• There is also an increase in the prevalence of various types of cancers. For instance, the global number of diagnosed cancer cases is expected to increase from 16.5 million in 2017 to 21.3 million in 2025. 
• Hence, the high incidence of cancer is increasing the demand for cancer screening and diagnoses, which is expected to drive the growth of the global venous blood collection market during the forecast period.

Major Trends:

• An emerging venous blood collection market that is expected to positively impact the growth of the market is the growing number of strategic developments.
• Various vendors are coming up with new products to sustain the competition in the market. For instance, in February 2022, The FDA awarded regulatory approval to Roche's Foundation Medicine for an assay that identifies circulatory tumor DNA (CTDNA) in plasma, making it one of the most recent FDA breakthrough designations. The FDA has granted the test breakthrough status for identifying molecular residual disease (MRD) in primary cancer patients after curative treatment.
• Similarly, in July 2020, Magnolia Medical announced a new Steripath Gen2 Initial Specimen Diversion equipment with an integrated syringe, which allows healthcare practitioners to obtain blood samples from individuals with damaged vasculature with pinpoint accuracy.
• Hence, such new developments are expected to support the venous blood collection market growth during the forecast period.

Key Challenges:

• A primary challenge hampering the growth of the venous blood collection market is the lack of trained professionals.
• The processes involved in blood testing require accurate interpretation of results. Laboratory technicians must be aware of what analysis to carry out and how to correlate it with the overall objective of the testing. Thus, the process of blood collection must be performed by highly skilled personnel.
• Moreover, the adoption of critical experiments is relatively new in the developing countries of Asia, Africa, and South America. Most laboratory technicians have not been adequately trained on the latest technologies in laboratory equipment and their benefits.
• In addition, there is a shortage of trained professionals who can handle technologically advanced diagnostic devices, which increases the probability of wrong diagnoses.
• Therefore, the shortage of trained professionals is expected to affect the growth of the venous blood collection market during the forecast period.

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What are the key data covered in this Venous Blood Collection Market report?

• CAGR of the market during the forecast period
• Detailed information on factors that will drive the growth of the venous blood collection market between 2022 and 2026
• Precise estimation of the size of the venous blood collection market and its contribution to the parent market
• Accurate predictions about upcoming trends and changes in consumer behavior
• Growth of the venous blood collection market across North America, Asia, Europe, and Rest of World (ROW)
• A thorough analysis of the market's competitive landscape and detailed information about vendors
• Comprehensive analysis of factors that will challenge the growth of the venous blood collection market vendors

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Key Topics Covered: 

1 Executive Summary

• 1.1 Market overview 
• Exhibit 01: Executive Summary – Chart on Market Overview
• Exhibit 02: Executive Summary – Data Table on Market Overview
• Exhibit 03: Executive Summary – Chart on Global Market Characteristics
• Exhibit 04: Executive Summary – Chart on Market by Geography
• Exhibit 05: Executive Summary – Chart on Market Segmentation by Application
• Exhibit 06: Executive Summary – Chart on Incremental Growth
• Exhibit 07: Executive Summary – Data Table on Incremental Growth
• Exhibit 08: Executive Summary – Chart on Vendor Market Positioning

2 Market Landscape

• 2.1 Market ecosystem 
• Exhibit 09: Parent market
• Exhibit 10: Market Characteristics

3 Market Sizing

• 3.1 Market definition 
• Exhibit 11: Offerings of vendors included in the market definition

• 3.2 Market segment analysis 
• Exhibit 12: Market segments

• 3.3 Market size 2021 

• 3.4 Market outlook: Forecast for 2021-2026
• Exhibit 13: Chart on Global - Market size and forecast 2021-2026 ($ million)
• Exhibit 14: Data Table on Global - Market size and forecast 2021-2026 ($ million)
• Exhibit 15: Chart on Global Market: Year-over-year growth 2021-2026 (%)
• Exhibit 16: Data Table on Global Market: Year-over-year growth 2021-2026 (%)

4 Five Forces Analysis

• 4.1 Five forces summary 
• Exhibit 17: Five forces analysis - Comparison between 2021 and 2026

• 4.2 Bargaining power of buyers 
• Exhibit 18: Chart on Bargaining power of buyers – Impact of key factors 2021 and 2026

• 4.3 Bargaining power of suppliers 
• Exhibit 19: Bargaining power of suppliers – Impact of key factors in 2021 and 2026

• 4.4 Threat of new entrants 
• Exhibit 20: Threat of new entrants – Impact of key factors in 2021 and 2026

• 4.5 Threat of substitutes 
• Exhibit 21: Threat of substitutes – Impact of key factors in 2021 and 2026

• 4.6 Threat of rivalry 
• Exhibit 22: Threat of rivalry – Impact of key factors in 2021 and 2026

• 4.7 Market condition 
• Exhibit 23: Chart on Market condition - Five forces 2021 and 2026

5 Market Segmentation by Application

• 5.1 Market segments 
• Exhibit 24: Chart on Application - Market share 2021-2026 (%)
• Exhibit 25: Data Table on Application - Market share 2021-2026 (%)

• 5.2 Comparison by Application 
• Exhibit 26: Chart on Comparison by Application
• Exhibit 27: Data Table on Comparison by Application

• 5.3 Vein blood gas sampling - Market size and forecast 2021-2026 
• Exhibit 28: Chart on Vein blood gas sampling - Market size and forecast 2021-2026 ($ million)
• Exhibit 29: Data Table on Vein blood gas sampling - Market size and forecast 2021-2026 ($ million)
• Exhibit 30: Chart on Vein blood gas sampling - Year-over-year growth 2021-2026 (%)
• Exhibit 31: Data Table on Vein blood gas sampling - Year-over-year growth 2021-2026 (%)

• 5.4 Intraoperative blood salvage - Market size and forecast 2021-2026 
• Exhibit 32: Chart on Intraoperative blood salvage - Market size and forecast 2021-2026 ($ million)
• Exhibit 33: Data Table on Intraoperative blood salvage - Market size and forecast 2021-2026 ($ million)
• Exhibit 34: Chart on Intraoperative blood salvage - Year-over-year growth 2021-2026 (%)
• Exhibit 35: Data Table on Intraoperative blood salvage - Year-over-year growth 2021-2026 (%)

• 5.5 Market opportunity by Application 
• Exhibit 36: Market opportunity by Application ($ million)

6 Customer Landscape

• 6.1 Customer landscape overview 
• Exhibit 37: Analysis of price sensitivity, lifecycle, customer purchase basket, adoption rates, and purchase criteria

7 Geographic Landscape

• 7.1 Geographic segmentation 
• Exhibit 38: Chart on Market share by geography 2021-2026 (%)
• Exhibit 39: Data Table on Market share by geography 2021-2026 (%)

• 7.2 Geographic comparison 
• Exhibit 40: Chart on Geographic comparison
• Exhibit 41: Data Table on Geographic comparison

• 7.3 North America - Market size and forecast 2021-2026
• Exhibit 42: Chart on North America - Market size and forecast 2021-2026 ($ million)
• Exhibit 43: Data Table on North America - Market size and forecast 2021-2026 ($ million)
• Exhibit 44: Chart on North America - Year-over-year growth 2021-2026 (%)
• Exhibit 45: Data Table on North America - Year-over-year growth 2021-2026 (%)

• 7.4 Asia - Market size and forecast 2021-2026
• Exhibit 46: Chart on Asia - Market size and forecast 2021-2026 ($ million)
• Exhibit 47: Data Table on Asia - Market size and forecast 2021-2026 ($ million)
• Exhibit 48: Chart on Asia - Year-over-year growth 2021-2026 (%)
• Exhibit 49: Data Table on Asia - Year-over-year growth 2021-2026 (%)

• 7.5 Europe - Market size and forecast 2021-2026
• Exhibit 50: Chart on Europe - Market size and forecast 2021-2026 ($ million)
• Exhibit 51: Data Table on Europe - Market size and forecast 2021-2026 ($ million)
• Exhibit 52: Chart on Europe - Year-over-year growth 2021-2026 (%)
• Exhibit 53: Data Table on Europe - Year-over-year growth 2021-2026 (%)

• 7.6 Rest of World (ROW) - Market size and forecast 2021-2026 
• Exhibit 54: Chart on Rest of World (ROW) - Market size and forecast 2021-2026 ($ million)
• Exhibit 55: Data Table on Rest of World (ROW) - Market size and forecast 2021-2026 ($ million)
• Exhibit 56: Chart on Rest of World (ROW) - Year-over-year growth 2021-2026 (%)
• Exhibit 57: Data Table on Rest of World (ROW) - Year-over-year growth 2021-2026 (%)

• 7.7 US - Market size and forecast 2021-2026
• Exhibit 58: Chart on US - Market size and forecast 2021-2026 ($ million)
• Exhibit 59: Data Table on US - Market size and forecast 2021-2026 ($ million)
• Exhibit 60: Chart on US - Year-over-year growth 2021-2026 (%)
• Exhibit 61: Data Table on US - Year-over-year growth 2021-2026 (%)

• 7.8 China - Market size and forecast 2021-2026
• Exhibit 62: Chart on China - Market size and forecast 2021-2026 ($ million)
• Exhibit 63: Data Table on China - Market size and forecast 2021-2026 ($ million)
• Exhibit 64: Chart on China - Year-over-year growth 2021-2026 (%)
• Exhibit 65: Data Table on China - Year-over-year growth 2021-2026 (%)

• 7.9 India - Market size and forecast 2021-2026
• Exhibit 66: Chart on India - Market size and forecast 2021-2026 ($ million)
• Exhibit 67: Data Table on India - Market size and forecast 2021-2026 ($ million)
• Exhibit 68: Chart on India - Year-over-year growth 2021-2026 (%)
• Exhibit 69: Data Table on India - Year-over-year growth 2021-2026 (%)

• 7.10 Canada - Market size and forecast 2021-2026
• Exhibit 70: Chart on Canada - Market size and forecast 2021-2026 ($ million)
• Exhibit 71: Data Table on Canada - Market size and forecast 2021-2026 ($ million)
• Exhibit 72: Chart on Canada - Year-over-year growth 2021-2026 (%)
• Exhibit 73: Data Table on Canada - Year-over-year growth 2021-2026 (%)

• 7.11 Germany - Market size and forecast 2021-2026
• Exhibit 74: Chart on Germany - Market size and forecast 2021-2026 ($ million)
• Exhibit 75: Data Table on Germany - Market size and forecast 2021-2026 ($ million)
• Exhibit 76: Chart on Germany - Year-over-year growth 2021-2026 (%)
• Exhibit 77: Data Table on Germany - Year-over-year growth 2021-2026 (%)

• 7.12 Market opportunity by geography 
• Exhibit 78: Market opportunity by geography ($ million)

8 Drivers, Challenges, and Trends

• 8.1 Market drivers 

• 8.2 Market challenges 

• 8.3 Impact of drivers and challenges 
• Exhibit 79: Impact of drivers and challenges in 2021 and 2026

• 8.4 Market trends 

9 Vendor Landscape

• 9.1 Overview 

• 9.2 Vendor landscape 
• Exhibit 80: Overview on Criticality of inputs and Factors of differentiation

• 9.3 Landscape disruption 
• Exhibit 81: Overview on factors of disruption

• 9.4 Industry risks 
• Exhibit 82: Impact of key risks on business

10 Vendor Analysis

• 10.1 Vendors covered 
• Exhibit 83: Vendors covered

• 10.2 Market positioning of vendors 
• Exhibit 84: Matrix on vendor position and classification

• 10.3 Becton Dickinson and Co. 
• Exhibit 85: Becton Dickinson and Co. - Overview
• Exhibit 86: Becton Dickinson and Co. - Business segments
• Exhibit 87: Becton Dickinson and Co. - Key news
• Exhibit 88: Becton Dickinson and Co. - Key offerings
• Exhibit 89: Becton Dickinson and Co. - Segment focus

• 10.4 Bio Rad Laboratories Inc. 
• Exhibit 90: Bio Rad Laboratories Inc. - Overview
• Exhibit 91: Bio Rad Laboratories Inc. - Business segments
• Exhibit 92: Bio Rad Laboratories Inc. - Key news
• Exhibit 93: Bio Rad Laboratories Inc. - Key offerings
• Exhibit 94: Bio Rad Laboratories Inc. - Segment focus

• 10.5 FL MEDICAL srl Unipersonale 
• Exhibit 95: FL MEDICAL srl Unipersonale - Overview
• Exhibit 96: FL MEDICAL srl Unipersonale - Product / Service
• Exhibit 97: FL MEDICAL srl Unipersonale - Key offerings

• 10.6 Greiner Bio One International GmbH
• Exhibit 98: Greiner Bio One International GmbH - Overview
• Exhibit 99: Greiner Bio One International GmbH - Product / Service
• Exhibit 100: Greiner Bio One International GmbH - Key offerings

• 10.7 ICU Medical Inc. 
• Exhibit 101: ICU Medical Inc. - Overview
• Exhibit 102: ICU Medical Inc. - Product / Service
• Exhibit 103: ICU Medical Inc. - Key offerings

• 10.8 Medtronic Plc 
• Exhibit 104: Medtronic Plc - Overview
• Exhibit 105: Medtronic Plc - Business segments
• Exhibit 106: Medtronic Plc - Key news
• Exhibit 107: Medtronic Plc - Key offerings
• Exhibit 108: Medtronic Plc - Segment focus

• 10.9 Nipro Pharma Packaging International NV
• Exhibit 109: Nipro Pharma Packaging International NV - Overview
• Exhibit 110: Nipro Pharma Packaging International NV - Business segments
• Exhibit 111: Nipro Pharma Packaging International NV - Key news
• Exhibit 112: Nipro Pharma Packaging International NV - Key offerings
• Exhibit 113: Nipro Pharma Packaging International NV - Segment focus

• 10.10 Owen Mumford Ltd. 
• Exhibit 114: Owen Mumford Ltd. - Overview
• Exhibit 115: Owen Mumford Ltd. - Product / Service
• Exhibit 116: Owen Mumford Ltd. - Key offerings

• 10.11 SARSTEDT AG and Co. KG 
• Exhibit 117: SARSTEDT AG and Co. KG - Overview
• Exhibit 118: SARSTEDT AG and Co. KG - Product / Service
• Exhibit 119: SARSTEDT AG and Co. KG - Key offerings

• 10.12 Thermo Fisher Scientific Inc. 
• Exhibit 120: Thermo Fisher Scientific Inc. - Overview
• Exhibit 121: Thermo Fisher Scientific Inc. - Business segments
• Exhibit 122: Thermo Fisher Scientific Inc. - Key offerings
• Exhibit 123: Thermo Fisher Scientific Inc. - Segment focus

11 Appendix

• 11.1 Scope of the report 

• 11.2 Inclusions and exclusions checklist
• Exhibit 124: Inclusions checklist
• Exhibit 125: Exclusions checklist

• 11.3 Currency conversion rates for US$ 
• Exhibit 126: Currency conversion rates for US$

• 11.4 Research methodology 
• Exhibit 127: Research methodology
• Exhibit 128: Validation techniques employed for market sizing
• Exhibit 129: Information sources

• 11.5 List of abbreviations 
• Exhibit 130: List of abbreviations

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