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How Has the Blood Collection Devices Market Grown from 2024 to 2025?

The market size for blood collection devices has seen considerable expansion in the past few years. It is predicted to increase from $7.95 billion in 2024 to $8.55 billion in 2025, showcasing a compound annual growth rate (CAGR) of 7.5%. Factors responsible for this substantial growth during the historical period include a heightened prevalence of blood-related disorders, enhancements in healthcare infrastructure, an aging population, and government initiatives and regulations.

What Growth Rate Is Anticipated for the Blood Collection Devices Market in the Coming Years?

In the coming years, the market for blood collection devices is projected to expand significantly. By 2029, it is predicted to reach a value of $12.12 billion, with a compound annual growth rate (CAGR) of 9.1%. This projected growth during the forecast period is driven by several factors such as an increase in healthcare spending, an increasing focus on personalized medicine and diagnostic tests, enhanced research and development activities, and a rise in infectious diseases. The forecast period also expects to witness certain trends including minimally invasive procedures, distanced blood collection services, automation and robotics, sophisticated blood collection kits, and strategic partnerships and collaborations.

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Who Are the Leading Companies in the Blood Collection Devices Market?

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

What Are the Key Drivers of the Blood Collection Devices Market?

The rise in infectious diseases occurrences is fueling the expansion of the market for blood collection devices. Infections caused by bacteria, viruses, fungi or parasites result in infectious diseases. Blood collection and sampling are the means for testing ailments like hepatitis B (HBV), hepatitis C (HCV), the human immunodeficiency virus (HIV), malaria, syphilis, and brucellosis. The increasing incidences of these diseases and subsequent diagnostic processes are predicted to escalate the use of blood collection devices. As an example, a report from the UK Health Security Agency, a UK governmental department, disclosed in August 2024 that there were 3,732 confirmed mpox cases in the UK, primarily in England, by December 31, 2022. A further 21 cases were reported by May 31, 2023, chiefly in England and one case in Scotland. Consequently, the rise in instances of infectious diseases is anticipated to enhance the demand for blood collection devices in the predicted period.

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What Are the Key Market Segments in the Blood Collection Devices Industry?

The blood collection devices market 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

What Are the Latest Trends in the Blood Collection Devices Market?

The surge in technological progress is a prominent trend gaining traction in the blood collection devices industry. Numerous firms in this market are creating innovative products or technologies to fulfill the rapidly expanding industry requirements and bolster their global business footprint. These advanced products are aimed at increasing customer comfort and offering superior protection. For instance, Owen Mumford, a company that specializes in the design and manufacture of medical devices, launched a new array of venous blood collection instruments under its Unistik brand in April 2022. This new range leverages the company’s skill and legacy in capillary blood sampling to deliver venous devices dedicated to patient safety, comfort, and quality. The Unistik ShieldLock Ultra integrates a single-handed and in-vein activated safety system to lower the possibility of needlestick injuries. This device also features a unique safety mechanism that seals the tube connecting the needle and the Luer once activated, preventing exposure to blood after the needle is taken out of the vein.

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What Are the Key Regional Markets in the Blood Collection Devices Industry?

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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This Report Delivers Insight On:

1. How big is the blood collection devices market, and how is it changing globally?

2. Who are the major companies in the blood collection devices market, and how are they performing?

3. What are the key opportunities and risks in the blood collection devices market right now?

4. Which products or customer segments are growing the most in the blood collection devices market?

5. What factors are helping or slowing down the growth of the blood collection devices market?

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