Increasing Disease Incidence And Growing Number Of Accidents & Trauma Cases Grow Blood Collection Market

Blood collection is the process of acquiring blood samples from the donor for performing laboratory diagnostic tests and treating patients. This is an integral part of the blood management procedure in hospitals and blood banks centers.

The increasing prevalence of various diseases, rising number of surgeries, and growing number of accidental and trauma cases are fueling the demand for blood collection products.

Increasing disease incidence and growing number of accidents & trauma cases

The prevalence of infectious diseases such as Human Papillomavirus (HPV), hepatitis, Human Immunodeficiency Virus (HIV), and tuberculosis are high despite significant improvements in sanitation and medicine. Traditionally, antimicrobial therapy was used as a powerful tool to combat infectious diseases; however, over the years, antimicrobial agents have failed to deliver the desired results due to the emergence of drug-resistant microbes. Owing to this, the prevalence of these infectious diseases is increasing globally. The prevalence of lifestyle diseases is also growing across the globe. This will be favorable for the market growth, as blood tests are a primary mode of diagnosing these diseases.

An increase in the number of road accidents, fires, and sports injuries has led to the increased occurrence of trauma and injury cases. According to a WHO Global Status Report on Road Safety, in 2013, road accidents were the eighth-leading cause of death worldwide. Current trends show that by 2030, road accidents will become the fifth-leading cause of death, globally. The National Trauma Institute has stated that trauma injuries accounted for 30% of life years lost (a measure to account for the age at which deaths occur) in the US in 2014.

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Market is further divided by blood collection tubes,Needlesand syringes, blood bags, blood collection devices, and lancets. The blood collection tubes segment is expected to dominate the market in 2017. Blood collection tubes enable the easy collection and multiple sample collection from a single venipuncture; this is driving its adoption in a wide range of applications.

Geographical Region Covered

Geographically, the global blood collection market is segmented into North America, Europe, Asia Pacific (APAC), and the Rest of the World (RoW). North America is expected to account for the largest share of the global market in 2017. The large share of the North American region is mainly attributed to factors such as government initiatives for blood safety, increasing prevalence of lifestyle diseases, the presence of key players, and increasing adoption of automated blood collection devices in this region. The APAC region is expected to grow at the highest CAGR over the next five years. A large population base, improving healthcare infrastructure, growing medical tourism, increasing number of hospitals, and rising disposable incomes in the region are expected to offer significant growth opportunities for key players operating in the market.

Key Players

Some of the key players in the market are BD (US), Medtronic (US), and Terumo (Japan).

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