Global Blood Collection Devices Market
Medical Equipment

Projected Growth of the Global Blood Collection Devices Market to Reach $11.95 Billion by 2029

Uncover key drivers, emerging technologies, and competitive movements shaping the blood collection devices market from 2025–2034 with trusted insights from The Business Research Company

What CAGR And Valuation Are Anticipated For The Blood Collection Devices Market By The End Of 2029?

The blood collection devices market has seen significant growth in recent years. Its size is expected to grow from $7.95 billion in 2024 to $8.48 billion in 2025, with a compound annual growth rate (CAGR) of 6.7%. Historically, this growth has been fueled by a rise in blood-related disorders, enhancements in healthcare infrastructure, an increasing elderly population, and various government initiatives and regulations.

The blood collection devices market is projected to experience substantial expansion in the coming years. By 2029, this market is anticipated to reach $11.95 billion, exhibiting a compound annual growth rate (CAGR) of 8.9%. Factors contributing to this growth during the forecast period include increasing healthcare spending, a heightened focus on personalized medicine and diagnostic testing, an uptick in research and development endeavors, and a rise in infectious disease cases. Key trends identified for the forecast period encompass minimally invasive methods, remote blood collection offerings, the integration of automation and robotics, sophisticated blood collection kits, and strategic partnerships and collaborations.

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Which Business Drivers Are Underpinning The Growth Of The Blood Collection Devices Market?

The increasing occurrence of infectious diseases is propelling the expansion of the blood collection devices market. These diseases are infections caused by bacteria, viruses, fungi, or parasites. Infectious conditions such as hepatitis B (HBV), hepatitis C (HCV), the human immunodeficiency virus (HIV), malaria, syphilis, and brucellosis are identified through blood collection and sampling. The consistent growth in the incidence of infectious diseases and related diagnostic procedures is expected to boost the use of blood collection devices. For instance, in August 2024, a report from the UK Health Security Agency, a UK-based government agency, confirmed 3,732 mpox cases in the UK as of December 31, 2022, with the majority in England. By May 31, 2023, an additional 21 cases were reported, mainly in England and one in Scotland. Therefore, the rising incidence of infectious diseases is anticipated to increase the demand for blood collection devices during the forecast period.

What Are The Principal Segment Types In The Blood Collection Devices Market?

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

How Are Industry Trends Steering The Expansion Of The Blood Collection Devices Market?

Technological advancement stands out as a prominent and increasingly favored trend within the blood collection devices market. Many companies operating in the blood collection devices market are engaged in developing novel products or innovative technologies to satisfy the rapidly expanding industry demand and bolster their business presence worldwide. The technologically advanced products designed by these companies prioritize enhancing comfort and delivering superior protection to customers. For instance, in April 2022, Owen Mumford, a medical device design and manufacturing company, unveiled a new venous blood collection portfolio under its Unistik brand. This new portfolio capitalizes on the company’s expertise and long history in capillary blood sampling to offer a variety of venous devices that ensure patient safety, comfort, and overall quality. The Unistik ShieldLock Ultra integrates a safety system activated both one-handed and within the vein to mitigate the risk of NSIs. Additionally, the device features a unique safety mechanism that, when triggered, seals the tube between the needle and the Luer to prevent blood exposure after the needle is extracted from the vein.

Which Companies Are Contributing Significantly To The Blood Collection Devices Market Growth?

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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Which Region Offers The Most Opportunity For Blood Collection Devices Market Expansion?

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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