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What Are the Primary Drivers Supporting the Market Growth of theAutomated Blood Collection Market?

The automated blood collection market is projected to see significant growth driven by a notable rise in blood donation. The escalation in blood donation can be attributed to myriad factors such as growing cognizance of the urgent requirement of blood in emergency medical scenarios, the prevalence of blood donation initiatives by health institutions and community groups, and progress in medical technology that bolsters the safety and efficiency of the blood donation procedure. Automated blood collection facilitates blood donation by simplifying and amplifying the efficiency of the operation. It curtails the necessity for manual interference, thus reducing human error and easing the discomfort for the donors. For example, the NHS Blood and Transplant (NHSBT), a special health authority based in the UK serving England and Wales, reported an insignificantly enhanced figure of 119,371 new blood donations for the 2023-2024 period, witnessing a slight increase from 119,016 donations in 2022-2023. Hence, the notable rise in blood donation is fueling the growth of the automated blood collection market.

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How Has the Automated Blood Collection Market Evolved in Recent Years, and What are the Growth Projections for the Forecast Period?

In recent times, the market size for automated blood collection has shown a swift expansion. The market is projected to surge from a value of $1.29 billion in 2024 to an estimated $1.52 billion in 2025, exhibiting a compound annual growth rate (CAGR) of 18.2%. The remarkable growth observed in the historic period can be credited to government initiatives promoting blood donations, an augmented number of product approvals, and an upswing in the number of specimens.

Advancements in the automated blood collection market are projected to witness a significant surge in the coming years, reaching a market value of $2.94 billion by 2029 with a compound annual growth rate (CAGR) of 17.9%. Factors contributing to this projected growth during the forecast period include an increase in infectious diseases, a heightened need for blood donations, escalating demand for advanced blood collection methods, and growing inclination towards liquid biopsy testing. Key trends observed during this period are expected to be technological breakthroughs, risk reduction through automation in blood collection, innovative product designs, developments in portable blood collection techniques, and product innovation.

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What Are the Latest Innovations Influencing theAutomated Blood Collection Market?

Prominent firms in the automated blood collection sector are generating innovative solutions with cutting-edge technologies, such as PentaPoint technology to amplify the accuracy and efficiency of blood extraction. PentaPoint technology facilitates a more precise and regulated procedure using multiple entry points to mitigate discomfort and elevate the quality of samples. For example, in April 2024, Becton, Dickinson, and Company, an American medical organization, initiated the BD vacutainer ultratouch push-button blood collection set both in India and the US, a fresh device focused on reducing patient suffering and unease during blood extraction. This progressive equipment integrates BD RightGauge technology, employing a finer needle, and BD PentaPoint technology, drastically decreasing insertion discomfort. Plus, the gadget comprises BD Push Button Technology, which lowers the threat of needle injuries by 88%. The introduction of this sophisticated blood collection set intends to refine patient experience by augmenting comfort, facilitating clinicians with superior vein access, and curtailing the total procedure duration.

Who Are the Major Industry Players Accelerating Growth in theAutomated Blood Collection Market?

Major companies operating in the automated blood collection market are Abbott Laboratories, RHI Group, Siemens Healthineers, Becton, Dickinson and Company, CSL Plasma, Quest Diagnostics Incorporated, B. Braun Melsungen AG, Fresenius KABI AG, Grifols S.A., Terumo Corporation, Nipro Medical Corporation, Greiner AG, Bio-Rad Laboratories Inc., ICU Medical Inc., QIAGEN N.V., Haemonetics Corporation, SARSTEDT AG & Co. KG, Owen Mumford Ltd., Retractable Technologies Inc., Neomedic Limited, CML Biotech, Macopharma, Chengdu Rich Science Industry Co. Ltd., Babson Diagnostics, Venibot

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Which Primary Segments of the Automated Blood Collection Market Are Driving Growth and Industry Transformations?

The automated blood collection market covered in this report is segmented –

1) By Type: Arterial Sampling, Venipuncture Sampling, Fingerstick Sampling

2) By Application: Diagnostics, Treatment, Therapeutics

3) By End-Use: Hospitals, Diagnostic Centers, Pathology Laboratories, Other End-Uses

Subsegments:

1) By Arterial Sampling: Automated Arterial Blood Gas Collection Systems, Closed-Loop Arterial Sampling Systems, Point-of-Care Arterial Sampling Devices, Continuous Arterial Sampling Systems

2) By Venipuncture Sampling: Automated Venipuncture Collection Devices, Robotic Venipuncture Systems, High-Precision Venipuncture Blood Collection Systems, Automated Venipuncture Systems for Plasma Or Serum

3) By Fingerstick Sampling: Automated Fingerstick Blood Collection Devices, Portable Fingerstick Collection Devices, Fingerstick Collection Systems for Point-of-Care Testing, Miniaturized Automated Fingerstick Collection Systems

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Which Regions Are Key Players in the Growth of the #What Are the Primary Drivers Supporting the Market Growth of theAutomated Blood Collection Market?# Market?

North America was the largest region in the automated blood collection market in 2024. The regions covered in the automated blood collection market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.

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