The Business Research Company’s global market reports are now updated with the latest market sizing information for the year 2023 and forecasted to 2032

The Business Research Company’s blood collection devices market report forecasts the blood collection devices market size to grow to $9.59 Billion by 2027, with a CAGR (compound annual growth rate) of more than 6%.

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Blood Collection Devices Market Size Forecast
The global blood collection devices market is expected to grow from $6.92 billion in 2022 to $7.39 billion in 2023 at a compound annual growth rate (CAGR) of 6.8%. The Russia-Ukraine war disrupted the chances of global economic recovery from the COVID-19 pandemic, at least in the short term. The war between these two countries has led to economic sanctions on multiple countries, a surge in commodity prices, and supply chain disruptions, causing inflation across goods and services and affecting many markets across the globe. The blood collection devices market size is expected to grow to $9.59 billion in 2027 at a CAGR of 6.8%.

North America held the largest blood collection devices market share, and Asia-Pacific was the fastest-growing region in 2022.

Key Blood Collection Devices Market Driver ­– Increase In Incidence Of Infectious Diseases
According to World Health Organization (WHO), in 2021, an estimated 10.6 million people are infected with tuberculosis globally, 1.6 million died, and 1.5 million people acquired HIV in 2021 while 650,000 people lost lives due to it. Therefore, the increase in incidences of infectious diseases is expected to boost demand for blood collection devices during the forecast period.

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Key Blood Collection Devices Market Trend – Technological Advancement
Many companies operating in the blood collection devices market are developing new products or new technologies to meet fast-growing industry demand and enhance their business presence across the globe. The technologically advanced products developed by companies are focused on enhancing comfort and providing advanced protection to customers. For instance, in April 2022, Owen Mumford, a medical device design and manufacturing company, introduced a new venous blood collection portfolio under its Unistik brand. The new portfolio draws on the company’s expertise and history in capillary blood sampling to provide a range of venous devices that ensure patient safety, comfort, and quality. The Unistik ShieldLock Ultra combines a one-handed and in-vein activated safety system to reduce the risk of NSIs. The device also has a unique safety feature that, when activated, closes the tube between the needle and the Luer to avoid blood exposure after the needle is removed from the vein.

Blood Collection Devices Market Segment
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

Blood Collection Devices Market Major Players and Strategies
Major players in the blood collection devices market are Becton, Dickinson and Company, Greiner Group, Kabe Labortechnik GmbH, Sarstedt AG & Company, ICU Medical Inc., Grifols SA, Retractable Technologies Inc., Nipro Corporation, Terumo Corporation, Fresenius Kabi AG, Medtronic, and Radiometer Medical ApS.

In July 2021, a leading global medical technology company Becton, Dickinson and Company (BD) acquired Velano Vascular for an undisclosed amount. With this acquisition, BD enables health care providers to help eliminate multiple needlesticks for blood sample collection, reducing the pain and discomfort from the process while delivering quality outcomes and increasing patient satisfaction. Velano Vascular is a US-based medical equipment manufacturer committed to enhancing both inpatient blood collection and vascular access.

The Blood Collection Devices Global Market Report 2023 covers regional data on blood collection devices market size, blood collection devices market trends and drivers, opportunities, strategies, and blood collection devices market competitor analysis. The countries covered in the blood collection devices market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, the UK, and the USA, and the major seven regions are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, the Middle East, and Africa.

Blood collection devices are devices used to collect blood samples from the body. Blood collection devices are used for health and wellness testing, population studies, or research and preclinical drug studies.

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