In-Depth Insights into the Blood Collection, Processing, Management Devices Market: Growth, Trends, and Opportunities for 2025-2034
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What Are the Projected Expansion Rates of the Blood Collection, Processing, Management Devices Market for the Next Decade?
Over the past few years, the market size of the blood collection, processing, and management devices has experienced considerable growth. It is projected to rise from $3.79 billion in 2024 to $4.09 billion in 2025, marking an annual compound growth rate (CAGR) of 8.0%. The growth witnessed during the historic period can be credited to factors such as the increase in chronic diseases, the emergence of automated and safer devices for blood collection and processing, imposition of strict regulations and standards for blood collection, the growing necessity for quick diagnostic tests, and the demand for point-of-care testing.
The market for blood collection, processing, and management devices is set to experience robust growth in the coming years. It is projected to escalate to $5.51 billion by 2029, with a compound annual growth rate (CAGR) of 7.7%. The driving factors for this growth during the forecast period can be linked to the rising elderly population, an uptick in surgical procedures and medical treatments, emphasis on patient comfort and safety, increased awareness and education, and stricter blood collection regulatory standards. Emerging trends during the prediction period include the integration of automation and robotics, the creation of smaller, mobile devices, progression in needle technology, coordination with digital health platforms, and the deployment of wireless technology.
What Combination of Drivers Is Leading to Accelerated Growth in the Blood Collection, Processing, Management Devices Market?
Growth in the blood collection, processing, and management devices market is anticipated to be driven by the heightening awareness and need for blood donations. Factors conglomerating to this rising demand and awareness include advances in medical treatments, emergencies, and accidents, coupled with an increasing necessity for blood transfusions due to the introduction of sophisticated treatment methods for chronic illnesses, especially among elderly demographics. Blood collection, processing, and management devices play a significant role, conveniently streamlining the entire process ranging from donor recruitment to the distribution of blood components to patients, ensuring the process’s safety, efficiency, and reliability. As an example, in 2022, 1,302.9 thousand whole blood donations were recorded by Statistics Poland, marking an increase of 41.9 thousand donations compared to 2021. Hence, the amplified awareness and need for blood donations are anticipated to fuel the market for blood collection, processing, and management devices.
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Which Companies Are Redefining the Future of the Blood Collection, Processing, Management Devices Market?
Major companies operating in the blood collection, processing, management devices market are:
• McKesson Corporation
• Cardinal Health Inc.
• F. Hoffmann-La Roche AG
• Thermo Fisher Scientific Inc.
• Abbott Laboratories
What Trends Are Poised to Drive the Future Success of the Blood Collection, Processing, Management Devices Market?
In the blood collection, processing, and management devices market, leading companies are introducing innovative products equipped with advanced technologies, including RightGauge technology. This groundbreaking approach enhances accuracy and efficiency in blood-collecting procedures and ensures that the needle is placed exactly, causing less discomfort to the patient. Becton, Dickinson and Company (BD), an American medical technology enterprise, launched the BD Vacutainer UltraTouch Push Button Blood Collection Set in India in March 2024. This revolutionary gadget uses BD RightGauge technology and a finer needle to facilitate uninterrupted blood flow and lessen patient distress. Moreover, a push-button mechanism is incorporated for needle withdrawal after collection, improving safety for medical staff.
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Which Key Segments Stand Out in Understanding the Composition of the Blood Collection, Processing, Management Devices Market?
The blood collection, processing, management devices market covered in this report is segmented –
1) By Product: Devices, Consumables, Software, Servicing
2) By Application: Diagnostics, Therapeutics, Research, Other Applications
3) By End-user: Hospitals, Diagnostic Laboratories, Academic And Research Laboratories, Blood And Blood Component Banks, Ambulatory Surgical Center, Other End-Users
Subsegments:
1) By Devices: Blood Collection Needles, Blood Collection Tubes, Blood Separation Units, Centrifuges, Blood Bag Systems, Blood Processing Systems, Blood Warmers
2) By Consumables: Blood Collection Bags, Blood Tubes, Filters and Separators, Reagents And Additives For Blood Processing
3) By Software: Blood Management Software, Laboratory Information Management Systems (LIMS), Patient Tracking and Monitoring Software, Data Analytics Software For Blood Management
4) By Servicing: Installation and Setup Services, Maintenance and Calibration Services, Training and Support Services, Repair and Replacement Services
What Are the Leading Regions in the Blood Collection, Processing, Management Devices Market Expansion?
North America was the largest region in the blood collection, processing, management devices market in 2023. The regions covered in the blood collection, processing, management devices market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.
What Are the Core Features That Define the Blood Collection, Processing, Management Devices Market?
Blood collection, processing, and management devices refer to a comprehensive range of tools and equipment used in the healthcare industry to collect, process, and manage blood samples efficiently and safely. These devices ensure the accurate collection of blood samples, their safe handling, and proper storage, thus maintaining the integrity of the samples for diagnostic testing, transfusions, and research purposes. These devices also include software solutions that track and monitor blood samples throughout the entire process, ensuring compliance with regulatory standards and enhancing overall patient care.
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