What is the current market size and future outlook for the blood collection, processing, management devices market?
The blood collection, processing, management devices market size has grown strongly in recent years. It will grow from $3.79 billion in 2024 to $4.09 billion in 2025 at a compound annual growth rate (CAGR) of 8.0%. The growth in the historic period can be attributed to rise in chronic diseases, development of automated and safer blood collection and processing devices, implementation of stringent regulations and standards for blood collection, growing need for rapid diagnostic tests, demand for point-of-care testing.
The blood collection, processing, management devices market size is expected to see strong growth in the next few years. It will grow to $5.51 billion in 2029 at a compound annual growth rate (CAGR) of 7.7%. The growth in the forecast period can be attributed to growing aging population, higher rates of surgeries and medical procedures, focus on patient comfort and safety, increasing awareness and education, stringent regulatory standards for blood collection. Major trends in the forecast period include automation and robotics, development of smaller, portable devices, advanced needle technologies, integration with digital health platforms, incorporation of wireless technology.
Get Your Free Sample of The Global Blood Collection, Processing, Management Devices Market Report:
https://www.thebusinessresearchcompany.com/sample.aspx?id=16632&type=smp
How has the blood collection, processing, management devices market evolved, and what factors have shaped its growth?
The rising awareness and demand for blood donation are expected to propel the growth of the blood collection, processing, and management devices market going forward. The increasing awareness and demand for blood donations have multiple interconnected factors, such as advancements in medical treatments, accidents, and emergencies, and the need for blood transfusions due to more sophisticated procedures and treatments for chronic diseases, particularly in aging populations. Blood collection, processing, and management devices are crucial in supporting the blood donation sector. The device streamlines the entire process, ensuring safety, efficiency, and reliability from donor recruitment to the delivery of blood products to patients. For instance, in 2022, according to Statistics Poland, blood donors donated 1,302.9 thousand whole blood donations, which is 41.9 thousand more donations than in 2021. Therefore, the rising awareness and demand for blood donations will drive the blood collection, processing, and management device market.
What are the major segments 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
Order your report now for swift delivery
Which companies dominate 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, 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
How will evolving trends contribute to the growth of the blood collection, processing, management devices market?
Major companies operating in the blood collection, processing, and management devices market are developing innovative products with advanced technologies, such as RightGauge technology, to enhance precision and efficiency in blood collection processes. RightGauge technology is a creative approach to blood collection that ensures precise needle placement and minimizes patient discomfort. For instance, in March 2024, Becton, Dickinson and Company (BD), a US-based medical technology company, introduced the BD Vacutainer UltraTouch Push Button Blood Collection Set in India. This innovative device, utilizing BD RightGauge technology, employs a thinner needle to ensure continuous blood flow, thereby reducing patient discomfort. It has a push-button mechanism for needle retraction post-collection, enhancing safety for healthcare professionals.
What are the key regional dynamics of the blood collection, processing, management devices market, and which region leads in market share?
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 Does The Blood Collection, Processing, Management Devices Market Report 2025 Offer?
The blood collection, processing, management devices market research report from The Business Research Company offers global market size, growth rate, regional shares, competitor analysis, detailed segments, trends, and opportunities.
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.
Purchase the exclusive report now to unlock valuable market insights:
https://www.thebusinessresearchcompany.com/purchaseoptions.aspx?id=16632
About The Business Research Company
With over 15000+ reports from 27 industries covering 60+ geographies, The Business Research Company has built a reputation for offering comprehensive, data-rich research and insights. Armed with 1,500,000 datasets, the optimistic contribution of in-depth secondary research, and unique insights from industry leaders, you can get the information you need to stay ahead.
Our flagship product, the Global Market Model, is a premier market intelligence platform delivering comprehensive and updated forecasts to support informed decision-making.
Contact Us:
The Business Research Company
Europe: +44 207 1930 708
Asia: +91 88972 63534
Americas: +1 315 623 0293
Email: info@tbrc.info
Follow Us On:
LinkedIn: https://in.linkedin.com/company/the-business-research-company
Twitter: https://twitter.com/tbrc_info
Facebook: https://www.facebook.com/TheBusinessResearchCompany
YouTube: https://www.youtube.com/channel/UC24_fI0rV8cR5DxlCpgmyFQ
Blog: https://blog.tbrc.info/
Healthcare Blog: https://healthcareresearchreports.com/
Global Market Model: https://www.thebusinessresearchcompany.com/global-market-model
