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Blood Collection Market

Blood Collection Market Size by Product Type (Syringes, Needles, Tubes, Lancets, Blood Bags, Vials, & Others), Application (Diagnostics & Treatment), Method Type, End-User, Regions, Global Industry Analysis, Share, Growth, Trends, and Forecast 2022 to 2030

Base Year: 2021 Historical Data: 2019-20
  • Report ID: TBI-12709
  • Published Date: Apr, 2022
  • Pages: 235
  • Category: Healthcare
  • Format: PDF
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Global blood collection market is expected to reach USD 18.15 billion by 2030, at a CAGR of 6.5% from 2022 to 2030. Blood collection market growth would be driven by increasing incidence of accidents, rising prevalence of chronic, lifestyle & non-communicable diseases due to increasing geriatric population and sedentary lifestyle.

Market Overview:

Blood can be described as a connective tissue of the body. Blood is a fluid that runs through the body of human beings and is an essential part of the circulatory system. Blood consists of both solids and liquids. The liquid portion is referred to as plasma which makes up around 54% of the blood. Plasma contains water, salts, and enzymes. The remaining part of the blood consists of blood corpuscles. Blood corpuscles can be divided further into red blood cells (RBC), white blood cells (WBC), and platelets. The RBC helps in transportation oxygen from the lungs to the rest of the body and carbon dioxide from the rest of the body to the lungs. WBC fights diseases & infections, and it is an essential part of the immune system. Platelets facilitate blood clotting when injured to stop the bleeding. Blood is an integral part of the human body, which helps transport nutrients, fluids, and oxygen necessary for human survival. Blood also facilitates the transfer of waste material from the whole to the kidney for egestion. The number of RBCs, WBCs, and platelets within a specific range helps evaluate an individual's health. For example, the normal RBC range in a healthy adult is 4.2 – 5.4 million cells per microliter. If the blood has a prolonged presence of more than 5.4 million RBCs, it indicates certain cardiovascular diseases. Similarly, the proper analysis of blood components can help identify chronic conditions or diseases. The analysis at an initial stage might even help eradicate the disease. The diagnosis performed with the help of analysis allows the physician enumerate a prognosis or a treatment plan. Blood needs to be collected and stored; the voluntary removal of blood from the human body through veins is called blood collection. The most commonly used blood collection methods are arterial sampling, venipuncture sampling & fingerstick sampling. The venipuncture method of blood collection is the most popular method, wherein a needle is used to draw out blood from the veins. Blood collection is also done when an individual.

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Market Dynamics:

Drivers:
  • Increase in incidence of trauma cases & accidents

Poor conditions of roads, improper display of road signs, reckless driving, speeding & intoxicated driving have led to an increase in the number of road accidents globally. Fire accidents clinical & industrial accidents are also on the rise due to the lack of preventive measures that are likely to drive the blood collection market. Trauma and accidents cases often need surgical interventions, which demand blood while performing life-saving surgical procedures.

  • Rising prevalence of lifestyle and chronic diseases

The growing geriatric population coupled with a rising sedentary lifestyle has led to an increase in the number of individuals suffering from lifestyle and chronic diseases such as obesity, diabetes & cardiovascular diseases. Blood analysis can provide a diagnosis of these conditions and hence will drive the blood collection market.

Restraints:
  • Lack of skilled professionals

The risks associated with drawing blood can range from moderate bruising to hematoma or blood clot under the skin. Improper blood collection can lead to infection and cause pain & discomfort to the individual. The hospital staff performing the procedure need to be well qualified and equipped to avoid such risks. The underdeveloped and developing economies do not have the necessary skilled professionals to cater to the rising number of patients. This disproportion can hinder the growth of the blood collection market.

Opportunities:

  • Technological advancements

With the increase in demand for blood collection, major players have invested capital in the research and development of better devices. For example, the development of siliconized needles, innovative hematology tube designs, and vein illumination & visualization techniques, which mitigate the risks of infection, & hematoma making blood collection a seamless process will contribute to the growth of the global blood collection market.

Challenges:
  • Strictly regulated storage, packaging, and shipping of blood samples 

The needles, syringes, or tubes used in blood collection should be new and properly sterilized to maintain the integrity of the collected samples. The collected blood needs to be refrigerated and maintained at a specific temperature so that the contents of the sample are not degraded. The storage containers should not be contaminated. The non-compliance with these conditions can alter the sample and produce the wrong analysis. Misguided prognosis follows wrong analysis and leads to severe negative consequences for the patient. Therefore, authorities have strict regulations and guidelines for the storing, packaging, and shipping blood samples.

Segmentation Analysis:

The global blood collection market has been segmented based on product type, application, method, end user, and regions.

  • The product type segment is divided into syringes, needles, tubes, lancets, blood bags, vials, & others. The tubes segment dominated the market, with a market share of around 27% in 2021. The development of innovative blood tubes that improve the sample quality facilitating better results, can be attributed to the growth and dominance of this segment.
  • The application segment is divided into diagnostics & treatments. Over the forecast period, the diagnostics segment is expected to grow at the fastest CAGR of 7.8%. According to WHO, the number of adults suffering from chronic and non-communicable diseases is 157 million and 41 million. The numbers are anticipated to rise in the future, propelling the growth of the diagnostics segment.
  • The method type segment is divided into manual and automated. The manual segment dominated the market with a market share of around 58% globally. The automated blood collection systems are expensive, making them unaffordable to small and medium private labs and clinics. The manual segment has a human touch that provides comfort to the patient and is comparatively cheaper, facilitating the increased adoption of a manual blood collection system.
  • The end-user segment is divided into hospitals, diagnostic centers, blood banks, & others. In 2021, the hospitals' segment dominated the market, accounting for around 48% of global revenue. Hospitals are accessible and familiar to individuals. The presence of skilled professionals and the availability of sophisticated blood devices make hospitals a comfortable & secure place for patients.  
Regional Segmentation Analysis:

The regions analyzed for the market include North America, Europe, South America, Asia Pacific, the Middle East and Africa. North America region emerged as the largest market for the global blood collection market with a 34.5% share of the market revenue in 2021.

  • North America currently dominates the blood collection market due to the growing geriatric populations and the increasing number of individuals suffering from lifestyle & chronic diseases. Asia-Pacific is expected to rise in the forecast period due to increased government expenditures on healthcare infrastructure and the adoption of various initiatives that create awareness about the benefits of regular health checkups.

North America Region Blood Collection Market Share in 2021 - 34.5%

 

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Competitive Analysis:

The key players are now concentrating on implementing strategies such as adopting new technology, product innovations, mergers & acquisitions, joint venture, alliances, and partnerships to improve their market position in the global blood collection industry.

Greiner Bio-One launched MiniCollect PIXIE Heel Incision Safety Lancet in 2021 in three different variants. The lancet is specially designed for heel incision, and the different variants allow individuals to choose the product according to their needs. Greiner Bio-One aims to expand its company portfolio with these products.

List of Key Market Players:

  • Becton Dickinson and Company
  • Greiner Bio One International GmbH
  • Cardinal Health
  • Medline Industries Inc.
  • Henry Schein Inc.
  • Haemonetics Corporation
  • F.L. Medical SRL
  • McKesson Corporation
  • Macopharma
  • Fresenius Kabi AG

Key Target Audience

  • Hospitals
  • Diagnostic Centers
  • Blood Banks
  • Market Players
  • Investors
  • End-users
  • Government Authorities
  • Consulting And Research Firm
  • Venture capitalists
  • Third-party knowledge providers

Report Description:

  • Global blood collection Market, Industry Analysis, Trends, Analysis and Forecast, 2022 to 2030 is a forthcoming/imminent research report which is to be published by The Brainy Insights.
  • 2021 is considered as the base year of the report. 2019 and 2020 are considered as the historic years and 2022 to 2030 are the forecast years. The global blood collection market is based on revenue (USD Billion). The report incorporates the market study based on revenue. The study covers the market share revenue/market share/volume for each of the segments, regions and countries catering to global blood collection market. The regions analyzed for the market are Europe, Asia Pacific, North America, South America, and Middle East & Africa. Furthermore, the regions are further analyzed at the country level.
  • The report encompasses with the relative data & information, which have been validated by the leading industry professionals and experts across the globe. The research report also delivers an outline of the attractiveness of blood collection based on product type, application, method type, end user and regions which are deduced and formulated based on their growth rate (CAGR), market size, and attractiveness by analyzing the present and prospects to fathom market growth and development in future.
  • The report illustrates the detailed (both quantitative and qualitative) analysis of historical data, revenues, key developments, along with the crucial strategies adopted by key organizations catering to global blood collection market. This offers vital and in-depth insights to depict the overall market scenario.
  • The report offers the detailed study for the company profiles of key organizations operating in the global blood collection market and a comparative assessment based on their product offering, business overviews, geographic presence, business strategies, segment market share, product development & innovations, recent developments, joint venture, partnerships, mergers & acquisitions, strategic alliances, SWOT analysis, and key financial information. This helps in evaluating the overall competition present in the market scenario.
  • The report provides an elaborative assessment of the porter’s five forces analysis coupled with SWOT analysis to provide business related data and information’s. Porter’s five forces model is analyzed to understand the overall competitive scenario that is prevailing in the market. Additionally, the SWOT analysis identifies both the positive and negative attributes of the market development which influences the company growth and development to sustain and survive in the long run.
  • Along with that, the report also focuses on the market related driving factors, growth limitations (restraints), potential industry opportunities, significant trends and development which act as a key potential for the investors.
  • Potential growth prospects along with the penetration rate analysis of the product (market related i.e., global blood collection market) is covered to comprehend the adoption rate and evaluate the market size. 

Frequesntly Asked Questions

As per The Brainy Insights, the size of the blood collection market was valued at USD 10.30 billion in 2021 to USD 18.15 billion by 2030.

Global blood collection market is growing at a CAGR of 6.5% during the forecast period 2022-2030.

The global blood collection market has been segmented based on product type, application, method type, end user, and regions. The tubes segment led the market in 2021. The manual segment led the market in 2021.

North America region emerged as the largest market for the blood collection market.

The market's growth will be influenced by the increase in incidence of trauma cases & accidents and the rising prevalence of lifestyle & chronic diseases.

Lack of skilled professionals could hamper the market growth.

Technological advancements of blood collection systems will provide huge opportunities to the market.

Key players are Becton Dickinson and Company, Greiner Bio One International GmbH, Cardinal Health, Medline Industries Inc., Henry Schein Inc., Haemonetics Corporation, F.L. Medical SRL, McKesson Corporation, Macopharma, and Fresenius Kabi AG.

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  • Segmentation on the basis of any specific country or region
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1. Introduction
    1.1. Objectives of the Study
    1.2. Market Definition
    1.3. Research Scope
    1.4. Currency
    1.5. Key Target Audience

2. Research Methodology and Assumptions

3. Executive Summary

4. Premium Insights
    4.1. Porter’s Five Forces Analysis
    4.2. Value Chain Analysis
    4.3. Top Investment Pockets
          4.3.1. Market Attractiveness Analysis by Product Type
          4.3.2. Market Attractiveness Analysis by Application
          4.3.3. Market Attractiveness Analysis by Method Type
          4.3.4. Market Attractiveness Analysis by End-User
          4.3.5. Market Attractiveness Analysis by Region
    4.4. Industry Trends

5. Market Dynamics
    5.1. Market Evaluation
    5.2. Drivers
          5.2.1. Increase in incidence of trauma cases and accidents
          5.2.2. Rising prevalence of lifestyle and chronic diseases
    5.3. Restraints
          5.3.1. Lack of skilled professionals
    5.4. Opportunities
          5.4.1. Technological advancements
    5.5. Challenges
          5.5.1. Strictly regulated storage, packaging and shipping of blood samples

6. Global Blood Collection Market Analysis and Forecast, By Product Type
    6.1. Segment Overview
    6.2. Syringes
    6.3. Needles
    6.4. Tubes
    6.5. Lancets
    6.6. Blood Bags
    6.7. Vials
    6.8. Others

7. Global Blood Collection Market Analysis and Forecast, By Application
    7.1. Segment Overview
    7.2. Diagnostics
    7.3. Treatments

8. Global Blood Collection Market Analysis and Forecast, By Method Type
    8.1. Segment Overview
    8.2. Manual
    8.3. Automated

9. Global Blood Collection Market Analysis and Forecast, By End-User
    9.1. Segment Overview
    9.2. Hospitals
    9.3. Diagnostic Centres
    9.4. Blood Banks
    9.5. Others

10. Global Blood Collection Market Analysis and Forecast, By Regional Analysis
    10.1. Segment Overview
    10.2. North America
          10.2.1. U.S.
          10.2.2. Canada
          10.2.3. Mexico
    10.3. Europe
          10.3.1. Germany
          10.3.2. France
          10.3.3. U.K.
          10.3.4. Italy
          10.3.5. Spain
    10.4. Asia-Pacific
          10.4.1. Japan
          10.4.2. China
          10.4.3. India
    10.5. South America
          10.5.1. Brazil
    10.6. Middle East and Africa
          10.6.1. UAE
          10.6.2. South Africa

11. Global Blood Collection Market-Competitive Landscape
    11.1. Overview
    11.2. Market Share of Key Players in the Blood Collection Market
          11.2.1. Global Company Market Share
          11.2.2. North America Company Market Share
          11.2.3. Europe Company Market Share
          11.2.4. APAC Company Market Share
    11.3. Competitive Situations and Trends
          11.3.1. Product Launches and Developments
          11.3.2. Partnerships, Collaborations, and Agreements
          11.3.3. Mergers & Acquisitions
          11.3.4. Expansions

12. Company Profiles
    12.1. Becton Dickinson and Company
          12.1.1. Business Overview
          12.1.2. Company Snapshot
          12.1.3. Company Market Share Analysis
          12.1.4. Company Product Portfolio
          12.1.5. Recent Developments
          12.1.6. SWOT Analysis
    12.2. Greiner Bio One International GmbH
          12.2.1. Business Overview
          12.2.2. Company Snapshot
          12.2.3. Company Market Share Analysis
          12.2.4. Company Product Portfolio
          12.2.5. Recent Developments
          12.2.6. SWOT Analysis
    12.3. Cardinal Health
          12.3.1. Business Overview
          12.3.2. Company Snapshot
          12.3.3. Company Market Share Analysis
          12.3.4. Company Product Portfolio
          12.3.5. Recent Developments
          12.3.6. SWOT Analysis
    12.4. Medline Industries Inc.
          12.4.1. Business Overview
          12.4.2. Company Snapshot
          12.4.3. Company Market Share Analysis
          12.4.4. Company Product Portfolio
          12.4.5. Recent Developments
          12.4.6. SWOT Analysis
    12.5. Henry Schein Inc.
          12.5.1. Business Overview
          12.5.2. Company Snapshot
          12.5.3. Company Market Share Analysis
          12.5.4. Company Product Portfolio
          12.5.5. Recent Developments
          12.5.6. SWOT Analysis
    12.6. Haemonetics Corporation
          12.6.1. Business Overview
          12.6.2. Company Snapshot
          12.6.3. Company Market Share Analysis
          12.6.4. Company Product Portfolio
          12.6.5. Recent Developments
          12.6.6. SWOT Analysis
    12.7. F.L. Medical SRL
          12.7.1. Business Overview
          12.7.2. Company Snapshot
          12.7.3. Company Market Share Analysis
          12.7.4. Company Product Portfolio
          12.7.5. Recent Developments
          12.7.6. SWOT Analysis
    12.8. McKesson Corporation
          12.8.1. Business Overview
          12.8.2. Company Snapshot
          12.8.3. Company Market Share Analysis
          12.8.4. Company Product Portfolio
          12.8.5. Recent Developments
          12.8.6. SWOT Analysis
    12.9. Macopharma
          12.9.1. Business Overview
          12.9.2. Company Snapshot
          12.9.3. Company Market Share Analysis
          12.9.4. Company Product Portfolio
          12.9.5. Recent Developments
          12.9.6. SWOT Analysis
    12.10. Fresenius Kabi AG
          12.10.1. Business Overview
          12.10.2. Company Snapshot
          12.10.3. Company Market Share Analysis
          12.10.4. Company Product Portfolio
          12.10.5. Recent Developments
          12.10.6. SWOT Analysis

List of Table

1. Global Blood Collection Market, By Product Type, 2019-2030 (USD Billion) 

2. Global Syringes Blood Collection Market, By Region, 2019-2030 (USD Billion) 

3. Global Needles Blood Collection Market, By Region, 2019-2030 (USD Billion) 

4. Global Tubes Blood Collection Market, By Region, 2019-2030 (USD Billion) 

5. Global Lancets Blood Collection Market, By Region, 2019-2030 (USD Billion) 

6. Global Blood Bags Blood Collection Market, By Region, 2019-2030 (USD Billion) 

7. Global Vials Blood Collection Market, By Region, 2019-2030 (USD Billion) 

8. Global Others Blood Collection Market, By Region, 2019-2030 (USD Billion) 

9. Global Blood Collection Market, By Application, 2019-2030 (USD Billion) 

10. Global Diagnostics Blood Collection Market, By Region, 2019-2030 (USD Billion) 

11. Global Treatments Blood Collection Market, By Region, 2019-2030 (USD Billion) 

12. Global Blood Collection Market, By Method Type, 2019-2030 (USD Billion) 

13. Global Manual Blood Collection Market, By Region, 2019-2030 (USD Billion) 

14. Global Automated Blood Collection Market, By Region, 2019-2030 (USD Billion) 

15. Global Blood Collection Market, By End-User, 2019-2030 (USD Billion) 

16. Global Hospitals Blood Collection Market, By Region, 2019-2030 (USD Billion) 

17. Global Diagnostic Centres Blood Collection Market, By Region, 2019-2030 (USD Billion) 

18. Global Blood Banks Blood Collection Market, By Region, 2019-2030 (USD Billion) 

19. Global Others Blood Collection Market, By Region, 2019-2030 (USD Billion) 

20. Global Blood Collection Market, By Region, 2019-2030 (USD Billion) 

21. North America Blood Collection Market, By Product Type, 2019-2030 (USD Billion) 

22. North America Blood Collection Market, By Application, 2019-2030 (USD Billion) 

23. North America Blood Collection Market, By Method Type, 2019-2030 (USD Billion) 

24. North America Blood Collection Market, By End-User, 2019-2030 (USD Billion) 

25. U.S. Blood Collection Market, By Product Type, 2019-2030 (USD Billion) 

26. U.S. Blood Collection Market, By Application, 2019-2030 (USD Billion) 

27. U.S. Blood Collection Market, By Method Type, 2019-2030 (USD Billion) 

28. U.S. Blood Collection Market, By End-User, 2019-2030 (USD Billion) 

29. Canada Blood Collection Market, By Product Type, 2019-2030 (USD Billion) 

30. Canada Blood Collection Market, By Application, 2019-2030 (USD Billion) 

31. Canada Blood Collection Market, By Method Type, 2019-2030 (USD Billion) 

32. Canada Blood Collection Market, By End-User, 2019-2030 (USD Billion) 

33. Mexico Blood Collection Market, By Product Type, 2019-2030 (USD Billion) 

34. Mexico Blood Collection Market, By Application, 2019-2030 (USD Billion) 

35. Mexico Blood Collection Market, By Method Type, 2019-2030 (USD Billion) 

36. Mexico Blood Collection Market, By End-User, 2019-2030 (USD Billion) 

37. Europe Blood Collection Market, By Product Type, 2019-2030 (USD Billion) 

38. Europe Blood Collection Market, By Application, 2019-2030 (USD Billion) 

39. Europe Blood Collection Market, By Method Type, 2019-2030 (USD Billion) 

40. Europe Blood Collection Market, By End-User, 2019-2030 (USD Billion) 

41. Germany Blood Collection Market, By Product Type, 2019-2030 (USD Billion) 

42. Germany Blood Collection Market, By Application, 2019-2030 (USD Billion) 

43. Germany Blood Collection Market, By Method Type, 2019-2030 (USD Billion) 

44. Germany Blood Collection Market, By End-User, 2019-2030 (USD Billion) 

45. France Blood Collection Market, By Product Type, 2019-2030 (USD Billion) 

46. France Blood Collection Market, By Application, 2019-2030 (USD Billion) 

47. France Blood Collection Market, By Method Type, 2019-2030 (USD Billion) 

48. France Blood Collection Market, By End-User, 2019-2030 (USD Billion) 

49. U.K. Blood Collection Market, By Product Type, 2019-2030 (USD Billion) 

50. U.K. Blood Collection Market, By Application, 2019-2030 (USD Billion) 

51. U.K. Blood Collection Market, By Method Type, 2019-2030 (USD Billion) 

52. U.K. Blood Collection Market, By End-User, 2019-2030 (USD Billion) 

53. Italy Blood Collection Market, By Product Type, 2019-2030 (USD Billion) 

54. Italy Blood Collection Market, By Application, 2019-2030 (USD Billion) 

55. Italy Blood Collection Market, By Method Type, 2019-2030 (USD Billion) 

56. Italy Blood Collection Market, By End-User, 2019-2030 (USD Billion) 

57. Spain Blood Collection Market, By Product Type, 2019-2030 (USD Billion) 

58. Spain Blood Collection Market, By Application, 2019-2030 (USD Billion) 

59. Spain Blood Collection Market, By Method Type, 2019-2030 (USD Billion) 

60. Spain Blood Collection Market, By End-User, 2019-2030 (USD Billion) 

61. Asia Pacific Blood Collection Market, By Product Type, 2019-2030 (USD Billion) 

62. Asia Pacific Blood Collection Market, By Application, 2019-2030 (USD Billion) 

63. Asia Pacific Blood Collection Market, By Method Type, 2019-2030 (USD Billion) 

64. Asia Pacific Blood Collection Market, By End-User, 2019-2030 (USD Billion) 

65. Japan Blood Collection Market, By Product Type, 2019-2030 (USD Billion) 

66. Japan Blood Collection Market, By Application, 2019-2030 (USD Billion) 

67. Japan Blood Collection Market, By Method Type, 2019-2030 (USD Billion) 

68. Japan Blood Collection Market, By End-User, 2019-2030 (USD Billion) 

69. China Blood Collection Market, By Product Type, 2019-2030 (USD Billion) 

70. China Blood Collection Market, By Application, 2019-2030 (USD Billion) 

71. China Blood Collection Market, By Method Type, 2019-2030 (USD Billion) 

72. China Blood Collection Market, By End-User, 2019-2030 (USD Billion) 

73. India Blood Collection Market, By Product Type, 2019-2030 (USD Billion) 

74. India Blood Collection Market, By Application, 2019-2030 (USD Billion) 

75. India Blood Collection Market, By Method Type, 2019-2030 (USD Billion) 

76. India Blood Collection Market, By End-User, 2019-2030 (USD Billion) 

77. South America Blood Collection Market, By Product Type, 2019-2030 (USD Billion) 

78. South America Blood Collection Market, By Application, 2019-2030 (USD Billion) 

79. South America Blood Collection Market, By Method Type, 2019-2030 (USD Billion)

80. South America Blood Collection Market, By End-User, 2019-2030 (USD Billion)

81. Brazil Blood Collection Market, By Product Type, 2019-2030 (USD Billion) 

82. Brazil Blood Collection Market, By Application, 2019-2030 (USD Billion) 

83. Brazil Blood Collection Market, By Method Type, 2019-2030 (USD Billion) 

84. Brazil Blood Collection Market, By End-User, 2019-2030 (USD Billion)

85. Middle East and Africa Blood Collection Market, By Product Type, 2019-2030 (USD Billion) 

86. Middle East and Africa Blood Collection Market, By Application, 2019-2030 (USD Billion) 

87. Middle East and Africa Blood Collection Market, By Method Type, 2019-2030 (USD Billion) 

88. Middle East and Africa Blood Collection Market, By End-User, 2019-2030 (USD Billion)

89. UAE Blood Collection Market, By Product Type, 2019-2030 (USD Billion) 

90. UAE Blood Collection Market, By Application, 2019-2030 (USD Billion) 

91. UAE Blood Collection Market, By Method Type, 2019-2030 (USD Billion) 

92. UAE Blood Collection Market, By End-User, 2019-2030 (USD Billion)

93. South Africa Blood Collection Market, By Product Type, 2019-2030 (USD Billion) 

94. South Africa Blood Collection Market, By Application, 2019-2030 (USD Billion) 

95. South Africa Blood Collection Market, By Method Type, 2019-2030 (USD Billion) 

96. South Africa Blood Collection Market, By End-User, 2019-2030 (USD Billion) 

List of Figures 

1. Global Blood Collection Market Segmentation

2. Blood Collection Market: Research Methodology

3. Market Size Estimation Methodology: Bottom-Up Approach

4. Market Size Estimation Methodology: Top-Down Approach

5. Data Triangulation

6. Porter’s Five Forces Analysis 

7. Value Chain Analysis 

8. Global Blood Collection Market Attractiveness Analysis by Product Type

9. Global Blood Collection Market Attractiveness Analysis by Application

10. Global Blood Collection Market Attractiveness Analysis by Method Type

11. Global Blood Collection Market Attractiveness Analysis by End-User

12. Global Blood Collection Market Attractiveness Analysis by Region

13. Global Blood Collection Market: Dynamics

14. Global Blood Collection Market Share by Product Type (2022 & 2030)

15. Global Blood Collection Market Share by Application (2022 & 2030)

16. Global Blood Collection Market Share by Method Type (2022 & 2030)

17. Global Blood Collection Market Share by Regions (2022 & 2030)

18. Global Blood Collection Market Share by Company (2021)

This study forecasts revenue at global, regional, and country levels from 2019 to 2030. The Brainy Insights has segmented the global blood collection market based on below mentioned segments:

Global Blood Collection Market by Product Type:

  • Syringes
  • Needles
  • Tubes
  • Lancets
  • Blood Bags
  • Vials
  • Others

Global Blood Collection Market by Application:

  • Diagnostics
  • Treatment

Global Blood Collection Market by Method Type:

  • Manual
  • Automated

Global Blood Collection Market by End User:

  • Hospitals
  • Diagnostic Centers
  • Blood Banks
  • Others

Global Blood Collection Market by Region:

  • North America
    • U.S.
    • Canada
    • Mexico
  • Europe
    • Germany
    • France
    • U.K.
    • Italy
    • Spain
  • Asia-Pacific
    • Japan
    • China
    • India
  • South America
    • Brazil
  • Middle East and Africa  
    • UAE
    • South Africa

Methodology

Research has its special purpose to undertake marketing efficiently. In this competitive scenario, businesses need information across all industry verticals; the information about customer wants, market demand, competition, industry trends, distribution channels etc. This information needs to be updated regularly because businesses operate in a dynamic environment. Our organization, The Brainy Insights incorporates scientific and systematic research procedures in order to get proper market insights and industry analysis for overall business success. The analysis consists of studying the market from a miniscule level wherein we implement statistical tools which helps us in examining the data with accuracy and precision. 

Our research reports feature both; quantitative and qualitative aspects for any market. Qualitative information for any market research process are fundamental because they reveal the customer needs and wants, usage and consumption for any product/service related to a specific industry. This in turn aids the marketers/investors in knowing certain perceptions of the customers. Qualitative research can enlighten about the different product concepts and designs along with unique service offering that in turn, helps define marketing problems and generate opportunities. On the other hand, quantitative research engages with the data collection process through interviews, e-mail interactions, surveys and pilot studies. Quantitative aspects for the market research are useful to validate the hypotheses generated during qualitative research method, explore empirical patterns in the data with the help of statistical tools, and finally make the market estimations.

The Brainy Insights offers comprehensive research and analysis, based on a wide assortment of factual insights gained through interviews with CXOs and global experts and secondary data from reliable sources. Our analysts and industry specialist assume vital roles in building up statistical tools and analysis models, which are used to analyse the data and arrive at accurate insights with exceedingly informative research discoveries. The data provided by our organization have proven precious to a diverse range of companies, facilitating them to address issues such as determining which products/services are the most appealing, whether or not customers use the product in the manner anticipated, the purchasing intentions of the market and many others.

Our research methodology encompasses an idyllic combination of primary and secondary initiatives. Key phases involved in this process are listed below:

MARKET RESEARCH PROCESS

Data Procurement:

The phase involves the gathering and collecting of market data and its related information with the help of different sources & research procedures.

The data procurement stage involves in data gathering and collecting through various data sources.

This stage involves in extensive research. These data sources includes:

Purchased Database: Purchased databases play a crucial role in estimating the market sizes irrespective of the domain. Our purchased database includes:

  • The organizational databases such as D&B Hoovers, and Bloomberg that helps us to identify the competitive scenario of the key market players/organizations along with the financial information.
  • Industry/Market databases such as Statista, and Factiva provides market/industry insights and deduce certain formulations. 
  • We also have contractual agreements with various reputed data providers and third party vendors who provide information which are not limited to:
    • Import & Export Data
    • Business Trade Information
    • Usage rates of a particular product/service on certain demographics mainly focusing on the unmet prerequisites

Primary Research: The Brainy Insights interacts with leading companies and experts of the concerned domain to develop the analyst team’s market understanding and expertise. It improves and substantiates every single data presented in the market reports. Primary research mainly involves in telephonic interviews, E-mail interactions and face-to-face interviews with the raw material providers, manufacturers/producers, distributors, & independent consultants. The interviews that we conduct provides valuable data on market size and industry growth trends prevailing in the market. Our organization also conducts surveys with the various industry experts in order to gain overall insights of the industry/market. For instance, in healthcare industry we conduct surveys with the pharmacists, doctors, surgeons and nurses in order to gain insights and key information of a medical product/device/equipment which the customers are going to usage. Surveys are conducted in the form of questionnaire designed by our own analyst team. Surveys plays an important role in primary research because surveys helps us to identify the key target audiences of the market. Additionally, surveys helps to identify the key target audience engaged with the market. Our survey team conducts the survey by targeting the key audience, thus gaining insights from them. Based on the perspectives of the customers, this information is utilized to formulate market strategies. Moreover, market surveys helps us to understand the current competitive situation of the industry. To be precise, our survey process typically involve with the 360 analysis of the market. This analytical process begins by identifying the prospective customers for a product or service related to the market/industry to obtain data on how a product/service could fit into customers’ lives.

Secondary Research: The secondary data sources includes information published by the on-profit organizations such as World bank, WHO, company fillings, investor presentations, annual reports, national government documents, statistical databases, blogs, articles, white papers and others. From the annual report, we analyse a company’s revenue to understand the key segment and market share of that organization in a particular region. We analyse the company websites and adopt the product mapping technique which is important for deriving the segment revenue. In the product mapping method, we select and categorize the products offered by the companies catering to domain specific market, deduce the product revenue for each of the companies so as to get overall estimation of the market size. We also source data and analyses trends based on information received from supply side and demand side intermediaries in the value chain. The supply side denotes the data gathered from supplier, distributor, wholesaler and the demand side illustrates the data gathered from the end customers for respective market domain.

The supply side for a domain specific market is analysed by:

  • Estimating and projecting penetration rates through analysing product attributes, availability of internal and external substitutes, followed by pricing analysis of the product.
  • Experiential assessment of year-on-year sales of the product by conducting interviews.

The demand side for the market is estimated through:

  • Evaluating the penetration level and usage rates of the product.
  • Referring to the historical data to determine the growth rate and evaluate the industry trends

In-house Library: Apart from these third-party sources, we have our in-house library of qualitative and quantitative information. Our in-house database includes market data for various industry and domains. These data are updated on regular basis as per the changing market scenario. Our library includes, historic databases, internal audit reports and archives.

Sometimes there are instances where there is no metadata or raw data available for any domain specific market. For those cases, we use our expertise to forecast and estimate the market size in order to generate comprehensive data sets. Our analyst team adopt a robust research technique in order to produce the estimates:

  • Applying demographic along with psychographic segmentation for market evaluation
  • Determining the Micro and Macro-economic indicators for each region 
  • Examining the industry indicators prevailing in the market. 

Data Synthesis: This stage involves the analysis & mapping of all the information obtained from the previous step. It also involves in scrutinizing the data for any discrepancy observed while data gathering related to the market. The data is collected with consideration to the heterogeneity of sources. Robust scientific techniques are in place for synthesizing disparate data sets and provide the essential contextual information that can orient market strategies. The Brainy Insights has extensive experience in data synthesis where the data passes through various stages:

  • Data Screening: Data screening is the process of scrutinising data/information collected from primary research for errors and amending those collected data before data integration method. The screening involves in examining raw data, identifying errors and dealing with missing data. The purpose of the data screening is to ensure data is correctly entered or not. The Brainy Insights employs objective and systematic data screening grades involving repeated cycles of quality checks, screening and suspect analysis.
  • Data Integration: Integrating multiple data streams is necessary to produce research studies that provide in-depth picture to the clients. These data streams come from multiple research studies and our in house database. After screening of the data, our analysts conduct creative integration of data sets, optimizing connections between integrated surveys and syndicated data sources. There are mainly 2 research approaches that we follow in order to integrate our data; top down approach and bottom up approach.

Market Deduction & Formulation: The final stage comprises of assigning data points at appropriate market spaces so as to deduce feasible conclusions. Analyst perspective & subject matter expert based holistic form of market sizing coupled with industry analysis also plays a crucial role in this stage.

This stage involves in finalization of the market size and numbers that we have collected from data integration step. With data interpolation, it is made sure that there is no gap in the market data. Successful trend analysis is done by our analysts using extrapolation techniques, which provide the best possible forecasts for the market.

Data Validation & Market Feedback: Validation is the most important step in the process. Validation & re-validation via an intricately designed process helps us finalize data-points to be used for final calculations.

The Brainy Insights interacts with leading companies and experts of the concerned domain to develop the analyst team’s market understanding and expertise. It improves and substantiates every single data presented in the market reports. The data validation interview and discussion panels are typically composed of the most experienced industry members. The participants include, however, are not limited to:

  • CXOs and VPs of leading companies’ specific to sector
  • Purchasing managers, technical personnel, end-users
  • Key opinion leaders such as investment bankers, and industry consultants

Moreover, we always validate our data and findings through primary respondents from all the major regions we are working on.

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