How Has the Blood Collection, Processing, Management Devices Market Evolved Historically and What is its Current Size?
The blood collection, processing, management devices market has seen considerable growth due to a variety of factors.
• The blood collection, processing, and management devices market has seen steady growth in recent years. It will grow from $3.79 billion in 2024 to $4.09 billion in 2025, at a CAGR of 8.0%.
This growth is due to an increase in chronic diseases, development of safer and more automated blood collection devices, stricter regulations for blood collection, and higher demand for rapid diagnostic tests and point-of-care testing.
What Is The Projected Growth Of The Blood Collection, Processing, Management Devices Template Market?
The blood collection, processing, management devices market is expected to maintain its strong growth trajectory in upcoming years.
• The blood collection, processing, and management devices market is expected to see strong growth, reaching $5.51 billion by 2029, with a CAGR of 7.7%.
Growth is driven by the aging population, a rise in surgeries and medical procedures, a focus on patient safety and comfort, increased awareness, and stringent regulatory standards. Key trends include automation and robotics, the development of smaller, portable devices, advanced needle technologies, integration with digital health platforms, and the use of wireless technology.
What Are The Key Drivers Fueling Growth In The Blood Collection, Processing, Management Devices Market?
Increased awareness and demand for blood donation are expected to drive the growth of the blood collection, processing, and management devices market. Factors contributing to this include advancements in medical treatments, accidents, and the need for transfusions due to chronic diseases. These devices play a crucial role in ensuring the safety and efficiency of blood donation processes. In 2022, Statistics Poland reported a rise in blood donations, reflecting growing public awareness and demand for blood products.
What Are The Principal Market Segments In The Global Blood Collection, Processing, Management Devices Industry?
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 Trends Are Shaping The Blood Collection, Processing, Management Devices Market?
Companies in the blood collection, processing, and management devices market are introducing advanced technologies like RightGauge to improve blood collection precision and patient comfort. For example, in March 2024, Becton, Dickinson and Company (BD), a US-based medical tech company, launched the BD Vacutainer UltraTouch Push Button Blood Collection Set in India, which uses a thinner needle and includes a safety mechanism for healthcare professionals.
Who Are the Key Players In 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 LaboratoriesInc.
• Haemonetics Corporation
• Sarstedt AG & Co. KG
• Greiner Bio-One International GmbH
• Macopharma
• Immucor
• Trivitron Healthcare
• HemoCue AB
• EKF Diagnostics
• Sebia
What Are The Regional Insights Into The Blood Collection, Processing, Management Devices Market?
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.
