Blood Collection Market - By Product Type (Venous {Needles & Syringes, Blood Collection Tube, Blood Bag}, Capillary {Lancets, Warming Device}) Method (Manual, Automated), Application (Diagnostic, Treatment, Research), End-use- Global Forecast 2024 – 2032

Blood Collection Market Size

Blood collection market size was valued at around USD 10.9 billion in 2023 and is estimated to grow at 6.9% CAGR from 2024 to 2032. Blood collection is a key process in healthcare, used for diagnosis, treatment, and research. It usually involves drawing blood from a vein (venipuncture), a capillary (fingerstick), or an artery, depending on the sample's purpose. This procedure is essential in medical practice, helping to diagnose diseases, monitor health, give treatments, and conduct research.
 

The rising incidence of chronic diseases such as cardiovascular diseases, diabetes, respiratory diseases, and cancer is a significant driver for the market. For instance, according to the National Institutes of Health (NIH), in 2021, an estimated 529 million individuals were affected with type 2 diabetes, predominantly driving approximately 96% of diabetes cases globally. Thus, this underscores the increasing demand for blood collection products and services to facilitate ongoing diagnosis, monitoring, and treatment of these chronic conditions.
 

Furthermore, advancements in blood collection technologies, increasing number of surgical procedures, and rising geriatric population are the promoting factors advancing the growth of the market.
 

Blood Collection Market Trends

Advancements in automated blood collection systems have revolutionized the blood sampling process by significantly reducing human error and enhancing patient comfort. These systems often include automated venipuncture devices that can accurately locate veins and draw blood with minimal discomfort. The use of robotics and advanced imaging techniques in these devices ensures a more precise and consistent blood draw, improving the overall efficiency of the procedure.
 

• Microfluidic devices are pivotal in advancing blood collection technology, offering portable solutions for point-of-care testing. Requiring only a small blood volume, these lab-on-a-chip devices make the process less invasive and more patient-friendly.
   
• New capillary blood collection methods are being introduced in the blood collection market with a focus on patient comfort and sampling efficiency. With better lancet designs and micro-container tubes, the goal is to reduce pain and improve capillary blood collection. Microneedle patches, which are painless, are especially useful for children, the elderly, and patients who need frequent tests.
   
• Additionally, vacuum blood collection tube systems are also being upgraded by vendors, to ensure contamination free and precise blood draws. Utilization of vacuum tubes ensures a controlled environment, mitigates risks such as hemolysis, and bolsters sample integrity. Increasing availability of such advanced blood collection products and their growing adoption is thus propelling the market growth.
   

Blood Collection Market Analysis

Based on product type, the market is segmented into venous and capillary. Further, venous segment is sub-segmented into needles and syringes, blood collection tubes, blood bags, and other venous products. Capillary segment is further bifurcated into lancets, micro-container tubes, micro-hematocrit tubes, warming devices, and other capillary products. The venous segment of the market is forecasted to reach USD 12.7 billion by 2032.
 

• Venous blood collection offers the advantage of yielding larger blood volumes compared to capillary methods. This is pivotal for conducting comprehensive tests and multiple analyses from a single sample. The increased volume ensures ample blood for a diverse range of tests, including those necessitating repeat testing or additional assays.
   
• Furthermore, venous blood samples cater to a wider spectrum of diagnostic tests, spanning biochemistry, hematology, serology, and molecular diagnostics. Venous blood can be fractionated into plasma or serum, essential for numerous specialized tests, rendering venous sampling adaptable to various medical requirements. This versatility drives the revenue growth in venous segment.
   
• Furthermore, venous samples are more consistent and reliable. This consistency is important for accurate diagnostic results and reliable long-term studies, which drives the revenue growth in the venous segment.
   
• However, they have fewer issues like hemolysis (red blood cell breakdown) and contamination compared to capillary samples.
   

Based on method, the blood collection market is segmented into manual blood collection and automated blood collection. The manual blood collection segment accounted for USD 7.1 billion in 2023.
 

• Healthcare providers can easily perform manual blood collection techniques such as venipuncture and fingerstick methods, with basic training. This simplicity enables them to swiftly cater to diverse patient needs and situations, even without specialized equipment. These factors contribute significantly to the higher adoption of manual blood collection.
   
• Moreover, manual blood collection tools such as syringes, needles, and lancets boast high portability. Their mobility makes them ideal for situations in remote areas, home visits, or emergencies, particularly when automated equipment isn't readily available. As a result, they are known for their user-friendly nature.
   
• Furthermore, manual blood collection methods are typically more cost-effective than automated systems. Requiring minimal equipment, they represent a financially viable option for many healthcare settings, especially in resource-constrained environments, thereby driving market growth. This affordability further enhances their appeal in the market.
   

Based on application, the blood collection market is divided into diagnostics, treatment, and research. The diagnostics segment of the market is forecasted to reach USD 12.2 billion by 2032.
 

• The revenue growth in the diagnostics segment is being driven by advancements in blood collection technologies. These advances aim to enhance sample collection precision, reduce errors, and bolster the reliability of diagnostic tests.
   
• Additionally, increasing demand for timely disease diagnosis also contributes to a higher share of diagnostics segment. Blood diagnostics play a critical role in identifying individuals at risk of specific diseases, often before symptoms manifest. For instance, tests such as blood glucose for diabetes or cholesterol checks for cardiovascular health can flag issues early, allowing for timely interventions.
   
• Further, recent strides in diagnostic technologies have paved the way for personalized medicine strategies, leveraging individual genetic profiles, biomarker levels, and disease characteristics gleaned from blood tests. This tailored approach has not only aligned treatments with each patient's unique genetic blueprint but has also enhanced the treatment efficacy while minimizing adverse effects. Thus, propelling the growth of the market.
   

Based on end-use, the blood collection market is bifurcated into hospitals and clinics, diagnostic centers, blood banks, and academic and research institutes. The hospitals and clinics segment is forecasted to reach USD 7.6 billion by 2032.
 

• Automated venipuncture systems and integrated laboratory information systems (LIS) are revolutionizing blood collection in hospitals. These technologies slash result turnaround times, boost sample processing, and elevate overall laboratory productivity.
   
• Hospitals, pivotal in biomedical research and clinical trials, heavily lean on blood collection technologies for sample analysis. These tools underpin research, driving medical advancements, new therapies, and elevating patient outcomes through data-driven practices.
   
• Moreover, hospitals see a direct benefit from training their healthcare staff on these technologies. These programs ensure mastery in venipuncture, equipment handling, and safety protocols, elevating staff competency and enforcing standardized practices across hospital units, thereby catalyzing market growth.
   

The growth of the blood collection market in the U.S. is projected to reach USD 7.3 billion by 2032.
 

• The U.S. is a global leader in healthcare technology and innovation. The market benefits from continuous advancements in blood collection technologies, such as automated venipuncture systems, microfluidic devices, and point-of-care testing solutions. These innovations improve efficiency, accuracy, and patient comfort during blood collection procedures.
   
• Additionally, the rising incidence of chronic diseases such as cardiovascular diseases, diabetes, respiratory diseases, and cancer is also a significant driver for the market. For instance, according to the Centers for Disease Control and Prevention (CDC), in 2020, there were 1,603,844 new cases of cancer reported, with 602,347 individuals losing their lives to this disease, in U.S.
   

The blood collection market in UK is expected to experience significant and promising growth from 2024 to 2032.
 

• The UK maintains rigorous regulatory standards for blood collection devices, procedures, and quality assurance. Regulatory oversight by agencies such as the Medicines and Healthcare products Regulatory Agency (MHRA) ensures the safety, efficacy, and reliability of blood testing practices, instilling confidence among healthcare providers and patients.
   

Japan blood collection market is anticipated to witness lucrative growth between 2024 – 2032.
 

• Japan is renowned for its leadership in technological innovation across various industries, including healthcare. The market benefits from continuous advancements in medical devices, automation of diagnostic processes, and the development of advanced blood collection techniques. These innovations improve the efficiency, accuracy, and safety of blood collection procedures.
   
• Japan has a highly advanced healthcare infrastructure that includes modern hospitals, clinics, and diagnostic laboratories equipped with state-of-the-art technology. This infrastructure supports comprehensive healthcare delivery and ensures widespread access to high-quality blood collection services across the country.
   

The blood collection market in Saudi Arabia is expected to experience significant and promising growth from 2024 to 2032.
 

• In Saudi Arabia, the market witness’s growth and development, propelled by collaborations among public healthcare institutions, private medical facilities, and international healthcare providers. These partnerships foster knowledge exchange, technology transfer, and the adoption of best practices in healthcare and patient services.
   

Blood Collection Market Share

The blood collection sector is competitive in nature, with a mix of major global and smaller to medium-sized companies competing for market share. Key to market strategy is the consistent launch of innovative products, utilizing a range of technologies. Major industry leaders wield significant influence, spearheading progress with hefty investments in R&D. Furthermore, strategic partnerships and M&A activities play a crucial role in bolstering market standing and broadening global reach. However, stringent regulations governing blood collection and handling create a complex operating environment, specifically for new entrants.
 

Blood Collection Market Companies

Some of the eminent market participants operating in the blood collection industry include:

• Abbott Laboratories
• Becton, Dickinson and Company
• Cardinal Health, Inc.
• F. Hoffmann-La Roche Ltd.
• FL MEDICAL s.r.l.
• Fresenius SE & Co. KGaA
• Haemonetics Corporation
• Greiner AG
• McKESSON CORPORATION
• Medtronic plc
• Nipro Corporation
• QIAGEN N.V.
• Sarstedt AG & Co. KG
• Siemens Healthineers AG
• Terumo Corporation
• Thermo Fisher Scientific Inc.
   

Blood Collection Industry News:

• In April 2024, Becton, Dickinson, and Company launched the BD Vacutainer UltraTouch push button blood collection set in India. This new device features BD RightGauge technology, allowing the use of a thinner needle during blood collection. Additionally, it incorporates BD PentaPoint Technology, which significantly reduces insertion pain for patients. This innovation aims to improve patient comfort and enhance the efficiency of blood collection procedures in healthcare settings across India.
   
• In December 2023, Becton, Dickinson, and Company announced the US FDA approval of its BD MiniDraw Capillary Blood Collection System. This system promises lab-quality blood testing through a less invasive method compared to traditional venous collection.
   

The blood collection market research report includes an in-depth coverage of the industry with estimates & forecast in terms of revenue in USD Million from 2021 – 2032 for the following segments:

Click here to Buy Section of this Report

Market, By Product Type

• Venous
  • Needles and syringes
    • Double-ended needles
    • Winged blood collection sets
    • Standard hypodermic needles
    • Other blood collection needles
  • Blood collection tubes
    • Serum-separating
    • EDTA
    • Heparin
    • Plasma-separating
  • Blood bags
  • Other venous products
• Capillary
  • Lancets
  • Micro-container tubes
  • Micro-hematocrit tubes
  • Warming devices
  • Other capillary products

Market, By Method

• Manual blood collection
• Automated blood collection

Market, By Application

• Diagnostics
• Treatment
• Research

Market, By End-use

• Hospitals and clinics
• Diagnostic centers
• Blood banks
• Academic and research institutes

The above information is provided for the following regions and countries:

• North America 
  • U.S.
  • Canada
• Europe 
  • Germany
  • UK
  • France
  • Spain
  • Italy
  • Netherlands
  • Rest of Europe
• Asia Pacific 
  • China
  • Japan
  • India
  • Australia
  • South Korea
  • Rest of Asia Pacific
• Latin America 
  • Brazil
  • Mexico
  • Argentina
  • Rest of Latin America
• Middle East and Africa 
  • South Africa
  • Saudi Arabia
  • UAE
  • Rest of Middle East and Africa