Global blood collection market expected to reach $7.25 billion by 2032 due to technological advancements.
From GlobeNewswire: 2025-03-17 10:00:00
The global Blood Collection Market was valued at USD 3.39 billion in 2023 and is projected to reach USD 7.25 billion by 2032, with a growth rate of 8.84% from 2024 to 2032. Advances in technology, rising chronic diseases, and increased government investments in healthcare infrastructure are driving market growth.
Key players in the market include Becton, Dickinson and Company, Terumo Corporation, and Greiner Bio-One International GmbH. The market scope covers regions like North America, Europe, Asia Pacific, Middle East & Africa, and Latin America.
The venous blood collection segment led the market in 2023, accounting for 81% of overall revenue, while capillary blood collection is expected to be the fastest-growing segment. Diagnostics held 67% of the market share in 2023, with the treatment segment expected to have the highest growth rate.
Manual blood collection technique dominated the market in 2023, accounting for 74% of the overall market share, while automated blood collection technology is predicted to increase at the highest rate. Hospitals dominated the largest end-user segment in 2023, with diagnostic centers expected to see rapid growth. Hospitals are increasingly outsourcing laboratory services, leading to the growth of specialized diagnostic facilities. Independent labs and mobile services are also expanding to meet rising demand. The blood collection market segmentation includes various collection sites, methods, applications, and end uses. North America leads the market, while the Asia-Pacific region shows the fastest growth potential.
Recent developments in the blood collection market include new products aimed at enhancing sample quality and stability. Companies like BD, Streck, Tasso, and QIAGEN have introduced innovative solutions to improve blood collection processes. Statistical insights reveal a growing demand for blood collection devices and services, with a focus on automation and efficient diagnostic systems.
Global trends show a rising prevalence of diabetes, driving the need for frequent blood testing. The importance of laboratory test results in medical decisions is highlighted, with a shift towards automated blood collection systems. Government and private healthcare expenditures on blood collection continue to increase, with a focus on voluntary blood donations for a stable supply.
Read more at GlobeNewswire: Blood Collection Market Size Projected to Hit USD 7.25