Blood Collection, Processing, Management Devices Market Trends 2025-2034: Growth, Strategic Insights, and Opportunities Ahead
2025 Market Reports Update: Market Size Forecasts to 2034, Key Trends, Leading Players, and Top Regions – Get Ahead of the Competition Today!
What Factors Are Propelling the Market Growth of theBlood Collection, Processing, Management Devices Market from 2025 to 2034?
The growth of the blood collection, processing, and management device sector is anticipated to be fueled by the escalating consciousness and need for blood donation. The rise in awareness and demand is influenced by several interwoven factors, including advancements in medical therapy, emergencies, and accidents, and the growing demand for blood transfusions brought about by intricate treatments for chronic illnesses, predominantly among the elderly population. Blood collection, processing, and management equipment play a pivotal role in assisting the blood donation industry. These tools streamline the entire procedure, ensuring safety, efficacy, and dependability from the commencement of donor recruitment right through to the delivery of blood products to patients. For example, as per Statistics Poland, donors provided 1,302.9 thousand whole blood donations in 2022, marking an increase of 41.9 thousand donations in comparison to 2021. Hence, this surge in awareness and demand for blood donations is projected to stimulate the blood collection, processing, and management device marketplace.
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What is the Predicted Annual Growth Rate of theBlood Collection, Processing, Management Devices Market Impact Industry Trends by 2034?
The market for blood collection, processing, and management devices has seen significant growth in recent years. It is projected to increase from $3.79 billion in 2024 to $4.09 billion in 2025, demonstrating a compound annual growth rate (CAGR) of 8.0%. The expansion during the historic period is due to the surge in chronic diseases, the creation of automated and safer blood collection and processing equipment, the enforcement of rigorous rules and standards for blood collection, the escalating demand for quick diagnostic tests, and the need for point-of-care testing.
The market size of blood collection, processing, and management devices is predicted to observe robust growth in the upcoming years. The market is projected to reach $5.51 billion by 2029, exhibiting a compound annual growth rate (CAGR) of 7.7%. This predicted growth for the forecast period is due to various factors such as the aging demographic, increased frequency of surgeries and medical procedures, emphasis on patient comfort and safety, heightened education and awareness, and strict blood collection regulatory standards. Key trends for the forecast period consist of the use of automation and robotics, the production of smaller, more portable devices, improvement in needle technologies, collaboration with digital health platforms, and the implementation of wireless technology.
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How Are Market Trends and Innovations Revolutionizing theBlood Collection, Processing, Management Devices Industry in Recent Times?
Leading firms in the blood collection, processing, and management devices market are working on innovative product development using advanced technologies like RightGauge technology. This technology is aimed at bolstering accuracy and operational efficiency in the process of blood collection. RightGauge technology is a novel way of collecting blood, ensuring correct needle placement, and reducing discomfort for patients. For example, in March 2024, Becton, Dickinson and Company (BD), a medical technology firm based in the US, launched the BD Vacutainer UltraTouch Push Button Blood Collection Set in India. Using RightGauge technology, this innovative device employs a thinner needle, resulting in a steady blood flow and less pain for the patient. It comes with a push-button mechanism for retracting the needle after collection, thereby increasing safety for healthcare workers.
Which Key Market Players Are Shaping the Future and Growth of theBlood 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, Fresenius SE & Co. KGaA, Becton, Dickinson and Company, Medline Industrie LP, Avantor Inc., Grifols S.A., Terumo Corporation, PerkinElmer Inc., bioMérieux SA, Nipro Corporation, Sysmex Corporation, Bio-Rad Laboratories, Inc., Haemonetics Corporation, Sarstedt AG & Co. KG, Greiner Bio-One International GmbH, Macopharma, Immucor, Trivitron Healthcare, HemoCue AB, EKF Diagnostics, Sebia
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What Are the Core Segments of the Blood Collection, Processing, Management Devices Market, and How Do They Contribute to Growth?
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
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What Regions Are Dominating the Blood Collection, Processing, Management Devices Market Growth?
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.
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