How is the Blood Collection Devices Market Poised for Growth: Trends and Opportunities Through 2034
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How has the blood collection devices market size evolved in recent years?
The market for blood collection devices has seen robust expansion in the past years. It is expected to surge from $7.95 billion in 2024 to $8.55 billion in 2025, marking a compound annual growth rate (CAGR) of 7.5%. The growth during the historic period is linked to the heightened incidence of blood-related disorders, improvements in healthcare infrastructure, an aging population, as well as government policies and regulations.
What are the predictions for the blood collection devices market size in the coming years?
Expect a significant increase in the size of the blood collection devices market in the coming years. It is projected to expand to $12.12 billion by 2029 with a compound annual growth rate (CAGR) of 9.1%. The anticipated growth during the forecast period can be linked to increased healthcare spending, a greater focus on personalized medical treatments and diagnostic tests, an upswing in research and development activities, and rising cases of infectious diseases. The forecast period will likely witness major trends such as the use of minimally invasive protocols, remote blood collection services, automation and robotics, enhanced blood collection kits, along with an influx of partnerships and collaborations.
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What key factors are fueling the growth of the blood collection devices market?
Expect a significant increase in the size of the blood collection devices market in the coming years. It is projected to expand to $12.12 billion by 2029 with a compound annual growth rate (CAGR) of 9.1%. The anticipated growth during the forecast period can be linked to increased healthcare spending, a greater focus on personalized medical treatments and diagnostic tests, an upswing in research and development activities, and rising cases of infectious diseases. The forecast period will likely witness major trends such as the use of minimally invasive protocols, remote blood collection services, automation and robotics, enhanced blood collection kits, along with an influx of partnerships and collaborations.
How is the global blood collection devices market divided into key segments?
The blood collection devices market covered in this report is segmented – _x000D_
_x000D_
1) By Type: Blood Collection Tubes, Lancet, Micro Container Tubes, Warming Devices_x000D_
2) By Method: Manual Blood Collection, Automatic Blood Collection_x000D_
3) By Material: Glass, Stainless Steel, Plastic_x000D_
4) By End User: Hospitals, Blood Donation Centers, Diagnostic Center, Other End Users_x000D_
_x000D_
Subsegments:_x000D_
1) By Blood Collection Tubes: Vacuum Blood Collection Tubes, Serum Separator Tubes, EDTA Tubes _x000D_
2) By Lancet: Safety Lancets, Manual Lancets, Automatic Lancets _x000D_
3) By Micro Container Tubes: Capillary Tubes, Microtainer Tubes, Hematocrit Tubes _x000D_
4) By Warming Devices: Blood Warming Devices, Temperature Regulation Units, Infusion Warming Devices
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Who are the key firms paving the way for growth 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
Which trends are expected to transform the blood collection devices market?
The progression of technology is a primary trend witnessing increased favorability in the blood collection devices market. Numerous companies in this sector are creating innovative products or technologies to keep up with rapidly expanding industry needs while elevating their global operational footprint. These state-of-the-art products aim at maximizing comfort and offering cutting-edge protection to customers. For example, in April 2022, Owen Mumford, a firm known for designing and manufacturing medical devices, unveiled a fresh venous blood collection suite under the Unistik brand. This recently introduced product line leverages the company’s specialized knowledge and long-standing experience in capillary blood sampling to produce a variety of venous devices prioritizing patient safety, comfort, and quality. The Unistik ShieldLock Ultra, a product in the portfolio, integrates a one-handed and in-vein triggered safety mechanism, reducing the possibility of NSIs. It includes a distinct safety attribute that seals the tube between the needle and the Luer to prevent exposure to blood after the needle’s extraction from the vein.
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What regions are contributing significantly to the growth of the blood collection devices market?
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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