Blood Collection Market size is estimated to be USD 4.5 Billion in 2024 and is expected to reach USD 7.2 Billion by 2033 at a CAGR of 5.5% from 2026 to 2033.
The global blood collection market was valued at approximately USD 10.5 billion in 2022 and is expected to grow at a compound annual growth rate (CAGR) of 6.8% from 2023 to 2030. Factors such as the rising prevalence of chronic diseases, increasing demand for diagnostic testing, and advancements in blood collection technologies are driving market growth. The growing emphasis on early diagnosis and the expansion of healthcare facilities in emerging economies also contribute to the markets expansion. Additionally, the surge in blood donation activities and government initiatives supporting blood collection and storage further fuel the demand for blood collection products and services.
Regionally, North America dominated the blood collection market in 2022, accounting for a substantial share of over 35%, driven by a well established healthcare infrastructure, increased adoption of advanced medical technologies, and a high volume of diagnostic procedures. Europe followed closely, supported by favorable reimbursement policies and the presence of numerous blood banks and diagnostic centers. The Asia Pacific region is anticipated to witness the highest CAGR during the forecast period, primarily due to rising healthcare expenditure, growing awareness regarding blood donation, and increasing government support for healthcare development. Latin America and the Middle East & Africa regions are also expected to experience moderate growth, propelled by the expansion of healthcare services and initiatives to improve access to diagnostic facilities.
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Becton Dickinson
Terumo
Greiner Bio One
Medtronic
SEKISUI Medical
Sarstedt
Narang Medical
F.L. Medical
Improve-medical
Hongyu Medical
TUD
SanLI
Gong Dong
CDRICH
SZBOON
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By the year 2030, the scale for growth in the market research industry is reported to be above 120 billion which further indicates its projected compound annual growth rate (CAGR), of more than 5.8% from 2023 to 2030. There have also been disruptions in the industry due to advancements in machine learning, artificial intelligence and data analytics There is predictive analysis and real time information about consumers which such technologies provide to the companies enabling them to make better and precise decisions. In addition, new innovative techniques such as mobile surveys, social listening, and online panels, which emphasize speed, precision, and customization, are also transforming this particular sector.
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Growing demand for below applications around the world has had a direct impact on the growth of the Global Blood Collection Market
Venipuncture Devices
Capillary Devices
Blood Bags
Accessories (e.g., needles, tubes)
Hospitals
Diagnostic Laboratories
Blood Banks
Home Healthcare Settings
Routine Blood Collection
Emergency Blood Collection
Research & Clinical Trials
Blood Donation Drives
Manual Blood Collection
Automated Blood Collection Systems
Microfluidics-based Collection Devices
Wearable Blood Collection Devices
Whole Blood Collection
Plasma Collection
Serum Collection
Platelet Collection
US (United States, US and Mexico)
Europe (Germany, UK, France, Italy, Russia, Turkey, etc.)
Asia-Pacific (China, Japan, Korea, India, Australia, Indonesia, Thailand, Philippines, Malaysia and Vietnam)
South America (Brazil, Argentina, Columbia, etc.)
Middle East and Africa (Saudi Arabia, UAE, Egypt, Nigeria and South Africa)
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1. Introduction of the Global Blood Collection Market
Overview of the Market
Scope of Report
Assumptions
2. Executive Summary
3. Research Methodology of Verified Market Reports
Data Mining
Validation
Primary Interviews
List of Data Sources
4. Global Blood Collection Market Outlook
Overview
Market Dynamics
Drivers
Restraints
Opportunities
Porters Five Force Model
Value Chain Analysis
5. Global Blood Collection Market, By Type
6. Global Blood Collection Market, By Application
7. Global Blood Collection Market, By Geography
US
Europe
Asia Pacific
Rest of the World
8. Global Blood Collection Market Competitive Landscape
Overview
Company Market Ranking
Key Development Strategies
9. Company Profiles
10. Appendix
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