Blood Collection Market set for 5.5% CAGR Explosive Growth to 2022 led by North America - ReportsnReports

PUNE, India, November 20, 2017 /PRNewswire/ --

Blood collection market is projected to reach $ 10.59 billion by 2022 from $ 8.10 billion in 2017, growing at a CAGR of 5.5% during the forecast period. The increasing prevalence of various diseases, rising number of surgeries, and growing number of accidental and trauma cases are fueling the demand for blood collection products. However, the high cost associated with automated blood collection devices is expected to restrain market growth to a certain extent.

Browse 105 Market Data Tables and 29 Figures spread through 133 Pages and in-depth TOC on "Blood Collection Market Global Forecast to 2022"

On the basis of product, the market is broadly segmented into blood collection tube, needles and syringes, blood bags, blood collection device, and lancets. During the forecast period, blood collection devices segment is expected to grow at the highest CAGR. Growth in the blood collection devices segment is driven by the growing prevalence of blood disorders, increasing demand for plasma from biopharmaceutical companies for plasma fractionation, and rising demand for apheresis & whole blood collection devices in blood banks in emerging countries.

The major market players in the Blood Collection market are BD (US), Medtronic (US), and Terumo (Japan), Haemonetics (US), Fresenius (Germany) Nipro Medical (US), Kawasumi Laboratories (Japan), F.L. Medical (Italy), Greiner Holding (Austria), and Grifols (Spain).

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By method, the market is classified into manual blood collection and automated blood collection. The automated blood collection segment is expected to register the highest CAGR during the forecast period. Growth in this segment is attributed to the increasing demand for safer procedures to withdraw and separate blood components for transfusion; availability of advanced blood collecting products; and the rising demand for plasma by biopharmaceutical companies.

Break of primary participants was as mentioned below:

  • By Company Type - Tier 1-40%, Tier 2-30%, and Tier 3-30%
  • By Designation - C-level-27%, Director Level-18%, and Others-55%
  • By Region - North America-50%, Europe-20%, AsiaPacific-20%, and RoW-10%

Order a copy of Blood Collection Market by Product (Serum Tube, Plasma Tube, EDTA, Heparin, Coagulation, Glucose, Needle, Lancet, ESR, Syringe, Blood Bag), Method (Manual, Automated), End User (Hospital, Blood Bank Center, Academics, Home Care) - Global Forecast to 2022 research report at .

From an insight perspective, this research report focuses on qualitative data, market size, and growth of various segments and subsegments, competitive landscape, and company profiles. The qualitative data covers various levels of industry analysis such as market dynamics (drivers, restraints, opportunities, and challenges). The report also offers market sizes and data on the growth of various segments of the industry. It focuses on emerging and high-growth segments, and high-growth regions. The competitive landscape covers growth strategies adopted by industry players in the last three years.

The company profiles comprise basic views on key players in the blood collection market and the product portfolios, developments, and strategies adopted by market players to maintain and increase their market shares in the near future. The above-mentioned market research data, current market size, and forecast of future trends will help key players and new entrants to make necessary decisions regarding product offerings, geographical focus, change in approach, R&D investments for innovations in products and technologies, and levels of output to remain successful.

Another research titled Blood Flow Measurement Devices Market Global Forecast to 2021 says the blood flow measurement devices market is projected to reach $ 533.0million by 2021 from $ 343.6 million in 2016, growing at a CAGR of 9.2% in the next five years (2016 to 2021). North America accounted for the largest share of the global blood flow measurement devices market, followed by Europe, Asia-Pacific, and the Rest of the World (RoW).Asia-Pacific is projected to have the highest growth rate in the forecast period. Factors such as the growing focus of industry players in the region, increasing geriatric population, and growing prevalence of non-communicable diseases are likely to propel the market in the Asia-Pacific region. Companies such as Compumedics Ltd. (Australia), Transonic Systems, Inc. (U.S.), Cook Medical, Inc. (U.S.), Medistim ASA (Norway), Deltex Medical Group plc (U.K.), ADInstruments (Australia), Perimed AB (Sweden), BIOPAC Systems, Inc. (U.S.), Moor Instruments Ltd. (U.K.), SONOTEC Ultraschallsensorik Halle GmbH (Germany), and Atys Medical (France).have been profiled in this 126 pages research report available at

Explore more reports on Medical Devices Market at

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