Global Blood Collection Market 2018-2022

Global blood collection market forecast

According to Technavio’s market research report, the increasing aging population will be one of the major factors that will have a positive impact on the global blood collection market during the forecast period. Our market research analysts predict that this market will grow at a CAGR of more than 6% by 2022. The growing aging population has given rise to increased expenditure on healthcare facilities for health checkups, disease diagnosis, and treatment. The rising need for diagnostic testing on a regular basis for the elderly population has raised the demand for blood testing techniques that need blood samples for disease diagnosis. Also, the countries such as Japan and Italy have witnessed high population densities with an increased demand for blood testing techniques for diagnosing several diseases. This will lead to the blood collection industry growth in the coming years.

The rising cases of cancer are one of the key trends that will contribute to the market growth in the forthcoming years. Factors such as an unhealthy diet, lack of physical activity, tobacco use, and excessive alcohol consumption have increased the occurrence of cancer. This has raised the number of cancer diagnosis and treatments such as liquid biopsy leading to the increase in demand for blood collection products such as blood collection tubes in the forthcoming years.

Companies covered

Characterized by the presence of several players, the blood collection market appears to be fragmented. This industry research report offers information about the competitive environment among the players in the blood collection tubes market and offers an analysis of the key companies and their products. Additionally, our analysts also offer information about the key areas the players currently focus on and the strategies they follow to sustain the competition.

This research report provides an analysis of the various companies in this market including

• BD
• Haemonetics
• Quest Diagnostics
• Thermo Fisher Scientific

Segmentation by end-user and analysis of the blood collection market

• Hospitals and diagnostic centers
• Blood banks      

The hospitals and diagnostic centers accounted for the major share of blood collection market during 2017. The increasing prevalence of diseases that need the diagnosis of blood will drive the growth of the segment in the blood collection tubes market.

Geographical segmentation and analysis of the blood collection market

• Americas
• APAC
• EMEA

This market study estimates that in terms of geographic regions, the Americas will be the major revenue contributor to the blood collection market throughout the forecast period. Factors such as raising awareness of the diagnostics in personalized medicine and increasing initiatives by governments to promote the utilization of personalized medicines will drive the blood collection market size in the region.

Key questions answered in the report include

• What will the market size and the growth rate be in 2022?
• What are the key factors driving the global blood collection market?
• What are the key market trends impacting the growth of the global blood collection market?
• What are the challenges to market growth?
• Who are the key vendors in the global blood collection market?
• What are the market opportunities and threats faced by the vendors in the global blood collection market?
• Trending factors influencing the market shares of the Americas, APAC, and EMEA.
• What are the key outcomes of the five forces analysis of the global blood collection market?

Technavio also offers customization on reports based on specific client requirement.