Blood Collection Device Market Size, Share & Growth [2032]
Blood Collection Device Market Size, Share & Growth [2032]
Segments - Blood Collection Device Market by Product (Needles and Syringes, Blood Collection Tubes, Blood Bags, Lancets, and Others), Material (Plastic, Glass, Stainless Steel, and Ceramic), Method (Automated and Manual), Application (Diagnostics, Treatment, and Therapeutics), End User (Hospitals and Pathology Laboratories, Diagnostic Centers, Blood Banks, and Others), and Region (Asia Pacific, North America, Latin America, Europe, and Middle East & Africa) - Global Industry Analysis, Growth, Share, Size, Trends, and Forecast 2024 – 2032
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Report Description
Blood Collection Device Market Outlook 2032
The global blood collection device market size was USD 13 Billion in 2023 and is likely to reach USD 26.6 Billion by 2032, expanding at a CAGR of 8.3% during 2024–2032. The market growth is attributed to the increasing demand for diagnostic tests and advanced technologies.
Blood collection devices are medical instruments used to extract blood from veins or fingertips for diagnostic testing, monitoring treatment effectiveness, and blood transfusions. Common types of these devices include syringes and needles, which are hollow tubes with plungers used to draw blood into vials. The blood collection device market is expected to continue growing in the coming years. This market holds immense potential to improve healthcare delivery, enhance patient experiences, and contribute to advancements in diagnostics and personalized medicine by embracing technological advancements and addressing existing limitations. For instance,
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According to the European Blood Alliance, NHS Blood, and Transplant collects approximately 1.7 million voluntary donations, while the Scottish National Blood Transfusion Service handles around 250,000 donations annually from a donor base of 140,000.
Syringes are used in the diagnose of medical conditions such as anemia, infection, and diabetes, while needles are used to replace lost blood or provide clotting factors. Vacutainer systems are efficient blood collection devices that use a vacuum to draw blood into a tube. Butterfly needles are used for children or adults with small veins, while safety needles have a sheath to reduce needlestick injuries. Fingertip collection devices collect small amounts of blood from fingertips, often used for blood sugar testing.
Impact of Artificial Intelligence (AI) in the Blood Collection Device Market
Artificial Intelligence integrated into blood collection devices for self-calibration, automated error checking, and data transmission. AI algorithms predict maintenance needs and prevent downtime, ensuring device reliability. AI also be used in designing next-generation devices with improved functionalities and features for specific applications.
AI-powered systems improve efficiency and accuracy in blood draws by automating vein puncture, real-time blood sample analysis, and automated sample handling & processing. These systems analyze patient anatomy, monitor sample quality, and automate tasks such as labeling and sorting. AI also reduces pain by optimizing needle insertion techniques and patient responses. Personalized blood draw protocols based on patient factors make the procedure more comfortable. AI-powered mobile apps provide real-time guidance before, during, and after blood draws, reducing anxiety and improving the overall experience.
Blood Collection Device Market Dynamics
Major Drivers
Increasing demand for diagnostic tests is driving the market. The rising chronic disease and growing focus on early detection and diagnosis is boosting the market. Healthcare workers are increasingly focusing on improved safety and efficiency through retractable needles and needleless collection devices. Advanced technologies such as vain visualization and automated phlebotomy systems reduce patient discomfort and streamline workflow, propelling the market.
Existing Restraints
High cost of advanced devices and reimbursement challenges are imposing restrains in the market. Moreover, operating and maintaining complex blood collection devices require specialized training for healthcare workers. A lack of skilled personnel in some regions limit the widespread adoption of these devices.
Emerging Opportunities
Miniaturized blood collection devices utilizing microfluidics enable rapid and on-site testing, offering growth opportunities in the market. This revolutionizes patient care by providing quick diagnoses and personalized treatment plans. Furthermore, the integration with biosensors and wearables is expected to impose opportunities in the coming years.
Scope of the Blood Collection Device Market Report
The market report includes an assessment of the market, trends, segments, and regional markets. Overview and dynamics have also been included in the report.
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Attributes |
Details |
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Report Title |
Blood Collection Device Market - Global Industry Analysis, Growth, Share, Size, Trends, and Forecast |
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Base Year |
2023 |
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Historic Data |
2017–2022 |
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Forecast Period |
2024–2032 |
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Segmentation |
Product (Needles & Syringes, Blood Collection Tubes, Blood Bags, Lancets, and Others), Material (Plastic, Glass, Stainless Steel, and Ceramic), Method (Automated and Manual), Application (Diagnostics, Treatment, and Therapeutics), and End-user (Hospitals and Pathology Laboratories, Diagnostic Centers, Blood Banks, and Others) |
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Regional Scope |
Asia Pacific, North America, Latin America, Europe, and Middle East & Africa |
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Report Coverage |
Company Share, Market Analysis and Size, Competitive Landscape, Growth Factors, Market Trends, and Revenue Forecast |
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Key Players Covered in the Report |
Becton, Dickinson and Company (BD); Cardinal Health; FL Medical; Greiner Bio-One International GmbH; Haemonetics Corporation; Nipro Corporation; SARSTEDT AG & Co. KG; Sekisui Chemical Co Ltd; Terumo Corporation; and Thermo Fisher Scientific Inc. |
Market Segment Insights
Regional Analysis
In terms of region, the global blood collection device market is classified as Asia Pacific, North America, Latin America, Europe, and the Middle East & Africa. North America dominates the global market in 2023, owing to advanced medical infrastructure. Furthermore, the high healthcare expenditure and large prevalence of chronic disease is expected to fuel the market in this region significantly during the forecast period. Moreover, the regulatory bodies in North America enforce strict regulations regarding patient safety and sample integrity. This fosters the development and adoption of high-quality blood collection devices that meet these standards, boosting the North America market.
The market in Asia Pacific is projected to grow at a significant pace in the years to come, owing to rising disposable income and growing aging population. Increasing government initiatives prioritizing healthcare infrastructure and development as well as rising access to medical services are expected to drive the market in Asia Pacific throughout the forecast period.
Segment Analysis
Product Segment Analysis
Based on product, the blood collection device market is divided into needles & syringes, blood collection tubes, blood bags, lancets, and others. The blood collection tubes segment held a large share in the global market in 2023, owing to the high consumption rates. The advancements and specialization in blood collection tubes is constantly evolving with new features such as barcodes for tracking and pre-filled activities for specific tests, propelling the segment.
The needles & syringes segment is anticipated to expand at a substantial CAGR during the forecast period, as it is essential for blood withdrawal. These are specifically designed for safe and efficient blood withdrawal, minimizing patient discomfort, and ensuring sample integrity. Furthermore, the regular replacements for needles and syringes are required due to their single use for safety reasons, which leads to a steady demand for replacements, fueling the segment.
Material Segment Analysis
On the basis of material, the global market is segregated into plastic, glass, stainless steel, and ceramic. The plastic segment is anticipated to register a considerable CAGR in during the forecast period, due to its cost-effectiveness. Moreover, the advancements in technology, such as development of plastic tubes that are lightweight and easy to handle, reduce the risk of breakage during transportation and storage, boosting the segment.
The glass segment is projected to register a robust growth rate during the assessment years, owing to the qualities of glass such as heat resistance and chemical inertness. Glass offers excellent chemical inertness as compared to plastic. This means it has a low risk of interacting with blood components or introducing contaminants, which is crucial for certain specialized tests where maintaining sample integrity is paramount. Additionally, the reusability option makes it a cost-effective solution, propelling the segment.
Method Segment Analysis
In terms of method, the global market is bifurcated into automated and manual. The automated segment holds a major share of the market, owing to its efficiency and speed. Automated devices collect blood samples faster and more consistently than manual methods. Moreover, the reduced errors in blood collection are leading to accurate sample collections and improved patient safety, driving the segment.
Application Segment Analysis
On the basis of application, the blood collection device market is segmented into diagnostics, treatment, and therapeutics. The diagnostics segment registers a robust growth rate in 2023, owing to its widespread use in medical testing. Blood tests are crucial for medical diagnosis, assessing blood health, organ function, diabetes management, infection detection, transfusion compatibility, and genetic testing. Additionally, the high frequency of blood draws and advancements in diagnostics, specializing blood collection devices and point of care device, are driving the segment.
The treatment segment is expected to expand at a significant growth rate over the projection period, due to the blood collection for treatment managements. Blood collection devices are essential for monitoring treatment effectiveness, including clotting times, blood sugar levels, chemotherapy cell counts, and infection signs after surgery or transplants. Blood collection devices are essential for the safe and efficient collection and administration of blood transfusions required in various treatment scenarios such as blood loss during surgery, severe injuries, or blood disorders, propelling the segment.
Segments
The blood collection device market has been segmented on the basis of
Product
- Needles & Syringes
- Blood Collection Tubes
- Blood Bags
- Lancets
- Others
Material
- Plastic
- Glass
- Stainless Steel
- Ceramic
Method
- Automated
- Manual
Application
- Diagnostics
- Treatment
- Therapeutics
End-user
- Hospitals & Pathology Laboratories
- Diagnostic Centers
- Blood Banks
- Others
Region
- Asia Pacific
- North America
- Latin America
- Europe
- Middle East & Africa
Key Players
- Becton, Dickinson and Company (BD)
- Cardinal Health
- FL Medical
- Greiner Bio-One International GmbH
- Haemonetics Corporation
- Nipro Corporation
- SARSTEDT AG & Co. KG
- Sekisui Chemical Co Ltd
- Terumo Corporation
- Thermo Fisher Scientific Inc.
Competitive Landscape
Key players competing in the global blood collection device market are Becton, Dickinson and Company (BD); Cardinal Health; FL Medical; Greiner Bio-One International GmbH; Haemonetics Corporation; Nipro Corporation; SARSTEDT AG & Co. KG; Sekisui Chemical Co Ltd; Terumo Corporation; and Thermo Fisher Scientific Inc.
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In January 2023, Greiner announced that it had maintained its sustainable transformation process despite challenges in 2023.
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In September 2022, Cardinal Health introduced new solutions to improve financial health for specialty practices.
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In July 2020, Magnolia Medical launched Steripath Gen2 with integrated syringe, addressed to the patients with difficult intravenous access (DIVA) or the 'hard stick' patient population
Table Of Content
1. Executive Summary2. Assumptions and Acronyms Used
3. Research Methodology
4. Blood Collection Device Market Overview
4.1. Introduction
4.1.1. Market Taxonomy
4.1.2. Market Definition
4.2. Macro-Economic Factors
4.2.1. Industry Outlook
4.3. Blood Collection Device Market Dynamics
4.3.1. Market Drivers
4.3.2. Market Restraints
4.3.3. Opportunity
4.3.4. Market Trends
4.4. Blood Collection Device Market - Supply Chain
4.5. Global Blood Collection Device Market Forecast
4.5.1. Blood Collection Device Market Size (US$ Mn) and Y-o-Y Growth
4.5.2. Blood Collection Device Market Size (000’ Units) and Y-o-Y Growth
4.5.3. Blood Collection Device Market Absolute $ Opportunity
5. Global Blood Collection Device Market Analysis and Forecast by Applications
5.1. Market Trends
5.2. Introduction
5.2.1. Basis Point Share (BPS) Analysis by Applications
5.2.2. Y-o-Y Growth Projections by Applications
5.3. Blood Collection Device Market Size and Volume Forecast by Applications
5.3.1. Diagnostics
5.3.2. Treatment
5.3.3. Therapeutics
5.4. Absolute $ Opportunity Assessment by Applications
5.5. Market Attractiveness/Growth Potential Analysis by Applications
6. Global Blood Collection Device Market Analysis and Forecast by End Users
6.1. Market Trends
6.2. Introduction
6.2.1. Basis Point Share (BPS) Analysis by End Users
6.2.2. Y-o-Y Growth Projections by End Users
6.3. Blood Collection Device Market Size and Volume Forecast by End Users
6.3.1. Hospitals & Pathology Laboratories
6.3.2. Diagnostic Centers
6.3.3. Blood Banks
6.3.4. Others
6.4. Absolute $ Opportunity Assessment by End Users
6.5. Market Attractiveness/Growth Potential Analysis by End Users
7. Global Blood Collection Device Market Analysis and Forecast by Region
7.1. Market Trends
7.2. Introduction
7.2.1. Basis Point Share (BPS) Analysis by Region
7.2.2. Y-o-Y Growth Projections by Region
7.3. Blood Collection Device Market Size and Volume Forecast by Region
7.3.1. North America
7.3.2. Latin America
7.3.3. Europe
7.3.4. Asia Pacific
7.3.5. Middle East and Africa (MEA)
7.4. Absolute $ Opportunity Assessment by Region
7.5. Market Attractiveness/Growth Potential Analysis by Region
7.6. Global Blood Collection Device Demand Share Forecast, 2019-2026
8. North America Blood Collection Device Market Analysis and Forecast
8.1. Introduction
8.1.1. Basis Point Share (BPS) Analysis by Country
8.1.2. Y-o-Y Growth Projections by Country
8.2. North America Blood Collection Device Market Size and Volume Forecast by Country
8.2.1. U.S.
8.2.2. Canada
8.3. Absolute $ Opportunity Assessment by Country
8.4. North America Blood Collection Device Market Size and Volume Forecast by Applications
8.4.1. Diagnostics
8.4.2. Treatment
8.4.3. Therapeutics
8.5. Basis Point Share (BPS) Analysis by Applications
8.6. Y-o-Y Growth Projections by Applications
8.7. North America Blood Collection Device Market Size and Volume Forecast by End Users
8.7.1. Hospitals & Pathology Laboratories
8.7.2. Diagnostic Centers
8.7.3. Blood Banks
8.7.4. Others
8.8. Basis Point Share (BPS) Analysis by End Users
8.9. Y-o-Y Growth Projections by End Users
8.10. Market Attractiveness/Growth Potential Analysis
8.10.1. By Country
8.10.2. By Product Type
8.10.3. By Application
8.11. North America Blood Collection Device Demand Share Forecast, 2019-2026
9. Latin America Blood Collection Device Market Analysis and Forecast
9.1. Introduction
9.1.1. Basis Point Share (BPS) Analysis by Country
9.1.2. Y-o-Y Growth Projections by Country
9.1.3. Latin America Average Pricing Analysis
9.2. Latin America Blood Collection Device Market Size and Volume Forecast by Country
9.2.1. Brazil
9.2.2. Mexico
9.2.3. Rest of Latin America
9.3. Absolute $ Opportunity Assessment by Country
9.4. Latin America Blood Collection Device Market Size and Volume Forecast by Applications
9.4.1. Diagnostics
9.4.2. Treatment
9.4.3. Therapeutics
9.5. Basis Point Share (BPS) Analysis by Applications
9.6. Y-o-Y Growth Projections by Applications
9.7. Latin America Blood Collection Device Market Size and Volume Forecast by End Users
9.7.1. Hospitals & Pathology Laboratories
9.7.2. Diagnostic Centers
9.7.3. Blood Banks
9.7.4. Others
9.8. Basis Point Share (BPS) Analysis by End Users
9.9. Y-o-Y Growth Projections by End Users
9.10. Market Attractiveness/Growth Potential Analysis
9.10.1. By Country
9.10.2. By Product Type
9.10.3. By Application
9.11. Latin America Blood Collection Device Demand Share Forecast, 2019-2026
10. Europe Blood Collection Device Market Analysis and Forecast
10.1. Introduction
10.1.1. Basis Point Share (BPS) Analysis by Country
10.1.2. Y-o-Y Growth Projections by Country
10.1.3. Europe Average Pricing Analysis
10.2. Europe Blood Collection Device Market Size and Volume Forecast by Country
10.2.1. Germany
10.2.2. France
10.2.3. Italy
10.2.4. U.K.
10.2.5. Spain
10.2.6. Russia
10.2.7. Rest of Europe
10.3. Absolute $ Opportunity Assessment by Country
10.4. Europe Blood Collection Device Market Size and Volume Forecast by Applications
10.4.1. Diagnostics
10.4.2. Treatment
10.4.3. Therapeutics
10.5. Basis Point Share (BPS) Analysis by Applications
10.6. Y-o-Y Growth Projections by Applications
10.7. Europe Blood Collection Device Market Size and Volume Forecast by End Users
10.7.1. Hospitals & Pathology Laboratories
10.7.2. Diagnostic Centers
10.7.3. Blood Banks
10.7.4. Others
10.8. Basis Point Share (BPS) Analysis by End Users
10.9. Y-o-Y Growth Projections by End Users
10.10. Market Attractiveness/Growth Potential Analysis
10.10.1. By Country
10.10.2. By Product Type
10.10.3. By Application
10.11. Europe Blood Collection Device Demand Share Forecast, 2019-2026
11. Asia Pacific Blood Collection Device Market Analysis and Forecast
11.1. Introduction
11.1.1. Basis Point Share (BPS) Analysis by Country
11.1.2. Y-o-Y Growth Projections by Country
11.1.3. Asia Pacific Average Pricing Analysis
11.2. Asia Pacific Blood Collection Device Market Size and Volume Forecast by Country
11.2.1. China
11.2.2. Japan
11.2.3. South Korea
11.2.4. India
11.2.5. Australia
11.2.6. Rest of Asia Pacific (APAC)
11.3. Absolute $ Opportunity Assessment by Country
11.4. Asia Pacific Blood Collection Device Market Size and Volume Forecast by Applications
11.4.1. Diagnostics
11.4.2. Treatment
11.4.3. Therapeutics
11.5. Basis Point Share (BPS) Analysis by Applications
11.6. Y-o-Y Growth Projections by Applications
11.7. Asia Pacific Blood Collection Device Market Size and Volume Forecast by End Users
11.7.1. Hospitals & Pathology Laboratories
11.7.2. Diagnostic Centers
11.7.3. Blood Banks
11.7.4. Others
11.8. Basis Point Share (BPS) Analysis by End Users
11.9. Y-o-Y Growth Projections by End Users
11.10. Market Attractiveness/Growth Potential Analysis
11.10.1. By Country
11.10.2. By Product Type
11.10.3. By Application
11.11. Asia Pacific Blood Collection Device Demand Share Forecast, 2019-2026
12. Middle East & Africa Blood Collection Device Market Analysis and Forecast
12.1. Introduction
12.1.1. Basis Point Share (BPS) Analysis by Country
12.1.2. Y-o-Y Growth Projections by Country
12.1.3. Middle East & Africa Average Pricing Analysis
12.2. Middle East & Africa Blood Collection Device Market Size and Volume Forecast by Country
12.2.1. Saudi Arabia
12.2.2. South Africa
12.2.3. UAE
12.2.4. Rest of Middle East & Africa (MEA)
12.3. Absolute $ Opportunity Assessment by Country
12.4. Middle East & Africa Blood Collection Device Market Size and Volume Forecast by Applications
12.4.1. Diagnostics
12.4.2. Treatment
12.4.3. Therapeutics
12.5. Basis Point Share (BPS) Analysis by Applications
12.6. Y-o-Y Growth Projections by Applications
12.7. Middle East & Africa Blood Collection Device Market Size and Volume Forecast by End Users
12.7.1. Hospitals & Pathology Laboratories
12.7.2. Diagnostic Centers
12.7.3. Blood Banks
12.7.4. Others
12.8. Basis Point Share (BPS) Analysis by End Users
12.9. Y-o-Y Growth Projections by End Users
12.10. Market Attractiveness/Growth Potential Analysis
12.10.1. By Country
12.10.2. By Product Type
12.10.3. By Application
12.11. Middle East & Africa Blood Collection Device Demand Share Forecast, 2019-2026
13. Competition Landscape
13.1. Global Blood Collection Device Market: Market Share Analysis
13.2. Blood Collection Device Distributors and Customers
13.3. Blood Collection Device Market: Competitive Dashboard
13.4. Company Profiles (Details: Overview, Financials, Developments, Strategy)
13.4.1. Becton, Dickinson and Company (BD)
13.4.2. Cardinal Health
13.4.3. FL Medical
13.4.4. Greiner Bio-One International GmbH
13.4.5. Haemonetics Corporation
13.4.6. Nipro Corporation
13.4.7. SARSTEDT AG & Co. KG
13.4.8. Sekisui Chemical Co Ltd
13.4.9. Terumo Corporation
13.4.10. Thermo Fisher Scientific Inc.
Methodology
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