Global Blood Collection Devices Market
Medical Equipment

Blood Collection Devices Market Forecast: What to Expect by 2029

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What Are The Forecasted Market Size Estimates For The Blood Collection Devices Market Between 2025 And 2029?

The overall volume of the blood collection devices market has seen robust expansion throughout the past few years, projected to increase from a valuation of $7.95 billion in 2024 to $8.48 billion by 2025, reflecting a steady compound annual growth rate of 6.7%. This upward trajectory observed during the preceding years stems from several key factors, including a higher incidence of ailments related to blood, enhancements in medical care facilities, the demographic shift toward an older populace, and supportive actions and rules implemented by governmental bodies.

Anticipation is high for a significant expansion within the blood collection devices sector over the forthcoming years, projecting to reach a valuation of $11.95 billion by 2029, fueled by a compound annual growth rate (CAGR) of 8.9%. This upward trajectory through the projection timeframe is bolstered by several factors, notably the escalation in healthcare spending, an increasing focus on customized medical treatments and diagnostic procedures, expanding research and developmental initiatives, and a higher incidence of contagious diseases. Key developments anticipated to shape this market during the forecast period encompass the adoption of less invasive methods, the implementation of distanced blood drawing services, the incorporation of automated systems and robotics, the introduction of sophisticated blood collection kits, and a rise in strategic alliances and cooperative ventures.

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Which Drivers Are Impacting The Blood Collection Devices Market?

Elevated occurrences of communicable ailments are fueling expansion within the market for blood collection apparatuses.These infections, stemming from various pathogens like bacteria, viruses, fungi, or parasites, necessitate diagnostic procedures involving blood sampling; examples of such infectious conditions scrutinized via blood tests include hepatitis B (HBV), hepatitis C (HCV), the human immunodeficiency virus (HIV), malaria, syphilis, and brucellosis.The persistent rise in the frequency of these infectious diseases, alongside heightened associated diagnostic efforts, is projected to subsequently increase the deployment of blood collection equipment.To illustrate this trend, an August 2024 report from the UK Health Security Agency indicated that by the close of 2022, the United Kingdom recorded 3,732 confirmed cases of mpox, predominantly situated in England.Subsequently, between the start of the year and May 31, 2023, an additional 21 cases were identified, with the bulk occurring in England and a single instance in Scotland, thus suggesting that the growing prevalence of infectious illnesses will stimulate the necessity for blood collection devices throughout the anticipated timeframe.

How Is The Blood Collection Devices Market Classified Into Different Segments?

The blood collection devicesmarket covered in this report is segmented –

1) By Type: Blood Collection Tubes, Lancet, Micro Container Tubes, Warming Devices

2) By Method: Manual Blood Collection, Automatic Blood Collection

3) By Material: Glass, Stainless Steel, Plastic

4) By End User: Hospitals, Blood Donation Centers, Diagnostic Center, Other End Users

Subsegments:

1) By Blood Collection Tubes: Vacuum Blood Collection Tubes, Serum Separator Tubes, EDTA Tubes

2) By Lancet: Safety Lancets, Manual Lancets, Automatic Lancets

3) By Micro Container Tubes: Capillary Tubes, Microtainer Tubes, Hematocrit Tubes

4) By Warming Devices: Blood Warming Devices, Temperature Regulation Units, Infusion Warming Devices

Which Ongoing Trends Are Expected To Shape The Blood Collection Devices Market Outlook?

A significant driver within the market for blood collection devices is the upward trend in technological progress. Numerous enterprises engaged in this sector are innovating through the creation of novel products and the implementation of new technologies, aiming to satisfy the rapidly escalating industry requirements and broaden their operational footprint worldwide. These technologically sophisticated offerings from various firms prioritize augmenting user comfort while simultaneously delivering superior protection to the clientele. For example, in April of 2022, Owen Mumford, a specialist in designing and fabricating medical equipment, launched an updated collection of venous blood collection items under its established Unistik line. This fresh assortment leverages the firm’s established background and proficiency in capillary blood sampling to present a suite of venous apparatuses designed to guarantee high standards of patient well-being, ease, and product efficacy. Specifically, the Unistik ShieldLock Ultra incorporates a safety mechanism that is operable with a single hand and is engaged directly within the vein, thus decreasing the likelihood of needlestick injuries. Furthermore, this instrument boasts a distinctive safeguard that, upon activation, seals the tubing separating the needle from the Luer connection, thereby preventing any blood leakage subsequent to the needle’s withdrawal from the vessel.

Who Are The Core Companies Influencing The Blood Collection Devices Market Landscape?

Major companies operating in the blood collection devices market include Becton, Dickinson and Company, Greiner Holding AG, Kabe Labortechnik GmbH, Sarstedt AG & Company, ICU Medical Inc., Terumo BCT Inc., Fresenius Kabi AG, Grifols S.A., Haematonics, Nipro Medical Corporation, Quest Diagnostics Incorporated, Macopharma SA, Smiths Medical International Ltd., Cardinal Health Inc., Retractable Technologies Inc., Sekisui Medical Co. Ltd., Qiagen NV, Smiths Group plc, NIPRO Corporation, PT. Adi Buana Mandiri, Covidien Ltd., Kawasumi Laboratories Inc., F.L. Medical SRL, Ajosha Bio Teknik Pvt. Ltd., A-M Systems Ltd., Commonwealth Serum Laboratories Behring, Teleflex Medical Inc., Abbott Laboratories, Denova Sciences Pte. Ltd., VedaLab SA

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What Are The Key Regional Factors Influencing The Blood Collection Devices Market Growth?

North America was the largest region in the blood collection devices market in 2024. The Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in the blood collection devices market report include Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East and Africa.

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