The report presents a comprehensive overview of industry trends, growth, share and the competitive landscape in 200 pages.
Report Ocean, a leading market research firm, has recently published a recovery-focused report for the global Blood Collection Devices Market. The report provides crucial details on company opportunities, growth strategies, emerging trends, innovations, competitive landscape and geographical outlook in 2023-2030.
Global Blood Collection Devices Market is valued approximately USD 9.52 billion in 2021 and is anticipated to grow with a healthy growth rate of more than 5.9% over the forecast period 2022-2028.
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What is Blood Collection Devices, and how is it used?
Blood collection devices are a type of medical devices that generally interact with blood to modify the blood composition, plasma, or serum fractions. Blood-dissolving tube additives are a more common product that can affect blood constituent stability and analytical systems. Some other common sort of products is available in the market includes blood tube stoppers, surfactants, clot activators, stopper lubricants, tube walls, and separator gels that may add materials, and play a crucial role in adsorbing blood components, or cooperate with protein and cellular components. Thus, blood collection devices can be a foremost source of preanalytical error in laboratory testing across the world. The rise in the incidence of infectious diseases, the increasing number of product developments, along the growing number of accidents and trauma cases are the primary factors that may stimulate the market demand across the world.
In March 2020, Greiner AG (Greiner Bio-One) put forth a great effort in development and advancement of a new cap designed for MiniCollect Capillary Blood Collection Tubes product. This development includes increased ridges and has a deeper surface to deliver upgraded grip, overlays cap rim at the top of the tube, thereby providing a better grip during the product usage. As a result, these market development in blood collection devices by prominent market players will fuel the growth outlook during the forecast period. Moreover, the growing blood donation campaigns further paves the market growth globally. However, the unavailability of skilled professionals impedes the growth of the market over the forecast period of 2022-2028. Also, the development of liquid biopsy technology uses blood collection devices to provide ease-of-use in the diagnostic process and better accuracy and precision is anticipated to act as a catalyzing factor for the market demand during the forecast period.
The key regions considered for the global blood collection devices market study include Asia Pacific, North America, Europe, Latin America, and the Rest of the World. North America is the leading region across the world in terms of market share owing to the growing prevalence of chronic diseases, high R&D spending on the healthcare activities, and availability of government fundings to develop new blood related equipment. Whereas, Asia-Pacific is anticipated to exhibit the highest CAGR over the forecast period 2022-2028. Factors such as the availability of favorable government policies, growing R&D activities, as well as increasing number of startups and biotech companies would create lucrative growth prospects for the Blood Collection Devices market across the Asia-Pacific region.
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Major market players included in this report are:
- Becton, Dickinson and Company (BD)
- Terumo Corporation
- Cardinal Health, Inc.
- SARSTEDT AG and Co. KG.
- Nipro Corporation
- Thermo Fisher Scientific, Inc.
- Grenier, Inc.
- Sekisui Chemical Co. Ltd.
- Narang Medical Limited
- FL MEDICAL s.r.l
The objective of the study is to define market sizes of different segments & countries in recent years and to forecast the values to the coming eight years. The report is designed to incorporate both qualitative and quantitative aspects of the industry within each of the regions and countries involved in the study. Furthermore, the report also caters the detailed information about the crucial aspects such as driving factors & challenges which will define the future growth of the market. Additionally, the report shall also incorporate available opportunities in micro markets for stakeholders to invest along with the detailed analysis of competitive landscape and product offerings of key players.
The detailed segments and sub-segment of the market are explained below:
By Product
Collection Tubes
Blood Collection Needles/ Holders
Blood Collection Sets
Others
By Method
Manual Blood Collection
Automated Blood Collection
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By End User
Hospitals and Pathology Laboratories
Blood Banks
Others
By Region:
North America
U.S.
Canada
Europe
UK
Germany
France
Spain
Italy
ROE
Asia Pacific
China
India
Japan
Australia
South Korea
RoAPAC
Latin America
Brazil
Mexico
Rest of the World
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The following are significant aspects of the industry that may be relevant:
Market Size and Growth: The size of the market and its projected growth rate are essential factors that can provide valuable insights into the industry’s potential.
Competition: The level of competition in the market is a significant factor that can impact the pricing and profitability of companies operating in the industry.
Technology: Technology plays a critical role in the industry as search algorithms and consumer behavior continue to evolve rapidly.
Consumer Behavior: Understanding consumer behavior, such as search habits and preferences, can help companies optimize their marketing strategies and drive sales.
Regulatory Environment: The industry is subject to various regulatory requirements, including data protection and privacy laws, which can impact the way companies operate in the market.
Economic Factors: Economic factors, such as GDP, inflation, and consumer spending, can affect the growth and profitability of the industry.
Emerging Trends: Staying updated with emerging trends, such as voice search and artificial intelligence, can help companies stay ahead of the curve in the industry.
Here are the key highlights of the report:
- Comprehensive assessments of the market share for Invisible Braces, conducted at both country and regional levels.
- In-depth analysis of the competitive landscape, identifying key trends within the industry.
- Thorough examination of market trends, encompassing product and technology advancements, drivers and barriers, and an analysis based on PORTER’s five forces.
- Strategic recommendations tailored for crucial business segments, leveraging market forecasts.
- Guidance provided for new market entrants, assisting them in navigating the industry landscape.
- Market forecasts encompassing all pertinent segments, sub-segments, and regional markets.
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