Blood Collection Market Size, Share, Growth, Trends and Forecast Report
by Susan Hill Business ConsultantThe
global blood collection market is expected to reach a
value of USD 13.3 billion by 2025, according to a new report by Grand View
Research, Inc. The increasing incidence of infectious and non-communicable
diseases is a major factor anticipated to propel the market growth during the
forecast period. According to the Centers for Disease Control and Prevention
(CDC), in 2013, around 19.3 million people visited the physician’s clinic for
infectious and parasitic diseases testing in the U.S. Moreover, according to
International Diabetes Federation, 415 million people suffered from diabetes in
2014 and this number is expected to rise up to 642 million by 2040. Thus, the
increasing incidence of accidents and trauma cases is another factor that
drives the demand for blood collection products for therapeutic application.
The
increasing number of surgical procedures is an additional key factor
contributing to the growth. The escalating number of accidental injury cases is
expected to propel the demand for target market products for therapeutics application.
According to the CDC, in the U.S, around 31.0 million patients visited
emergency centers for unintentional injuries in 2014. Thus, the demand for
blood collection products such as bags, needles, and syringes is growing at a
high rate, which is expected to boost the growth during the forecast period.
Further Key
Findings from the Study Suggest:
- The needles and
syringes segment was the largest grossing segment of the blood collection
market in 2015 owing to the growing application of these devices in
diagnosis and treatment of various disorders like diabetes and
blood-related diseases
- The diagnostics
application segment held the largest revenue share in 2015, owing to
rising geriatric population and escalating prevalence of infectious &
non-communicable diseases
- In 2015, the
hospitals segment accounted for the largest share in the market due to an
upsurge in the incidence of trauma & accidental cases along with
growing number of surgical procedures
- North America
held the largest share of the blood collection market in the year 2015.
This region is estimated to uphold its dominance during the study period
- The presence of
a highly developed healthcare infrastructure and advanced blood collection
products is anticipated to boost the growth in North America during the
forecast period
- Some of the key
companies include Abbott Laboratories, NIPRO Medical Corp., Becton,
Dickinson and Company, Terumo Corp., Medtronic, Qiagen, and FL MEDICAL
s.r.l.
Access full
research report on global blood collection market:
www.grandviewresearch.com/industry-analysis/blood-collection-market
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Created on Sep 26th 2019 07:32. Viewed 352 times.