Blood Collection Market Key Players, Trends, Growth
Opportunities and Industry Forecast till 2025
“Factors influencing the growth of the market are
increasing prevalence of infectious illnesses, growing
number of accident and trauma cases, and rise in number
of surgeries like cancer surgeries and organ transplant.”
Global blood collection market is anticipated to grow considerably in the coming years owing to the rise in
demand for blood components. Blood collection is the process of obtaining blood sample for laboratory
testing. It can be obtained from devices like venous access devices or by finger stick. The sample blood
obtained is then sent for diagnosis to determine health conditions. It helps to monitor diabetes, high
cholesterol levels and monitors effects of medication and treatments.
Factors influencing the growth of the market are increasing prevalence of infectious illnesses, growing
number of accident and trauma cases, and rise in number of surgeries like cancer surgeries and organ
transplant. Moreover, increase in demand for blood donation that allows organ transplant and other
surgeries at hospitals is also stimulating the market growth. However, growing amount of risks related to
blood transfusion in underdeveloped economies is obstructing the growth of blood collection market.
Additionally, significant cost of blood automated instruments and lack of skilled professionals hampers the
market growth.
Rising cancer cases on the global scale is a major trend witnessed by the market. Nevertheless, introduction
of developed products like blood bags, vials, blood collection tubes, blood lancets, and others are expected
to offer lucrative opportunities in the market.
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