Report Description Table of Contents Blood Collection Devices Market Size & Overview The blood collection devices market was valued at $7.1 billion in 2023 and is projected to reach around $10.2 billion by 2030, growing at a CAGR of 6.2% from 2024 to 2030, driven by the rising prevalence of chronic diseases, increasing diagnostic procedures, and growing demand for blood donations. The shift towards automated & minimally invasive blood collection techniques, such as vacuum-assisted collection and capillary blood sampling, is fueling market expansion, particularly in hospitals, diagnostic centers, and blood banks across North America & Europe. Meanwhile, emerging markets in Asia-Pacific & Latin America are witnessing robust growth due to improving healthcare infrastructure, rising awareness of blood safety, and government-led initiatives to boost voluntary blood donation. However, challenges such as high costs of advanced collection devices, risks of blood-borne infections & regulatory complexities may impact market growth. Despite these hurdles, the increasing adoption of point-of-care blood collection technologies & AI-driven diagnostic solutions is expected to shape the future of the blood collection devices industry. Blood Collection Devices Market Dynamics: Market Drivers Rising Prevalence of Chronic & Infectious Diseases Approximately 129 million US residents are affected by at least one major chronic disease, such as heart disease, cancer, diabetes, obesity, or hypertension (US Department of Health and Human Services). Chronic diseases are responsible for five of the top ten causes of death and impose a significant burden on the US healthcare system. Around 90% of the $4.1 trillion annual healthcare expenditure is dedicated to managing and treating these chronic and mental health conditions. The International Diabetes Federation (IDF) reported that approximately 537 Mn adults were living with diabetes in 2021, a number expected to rise to 643 Mn by 2030. This rising burden of diseases necessitates frequent blood testing, driving market growth. Growth in Geriatric Population and Associated Healthcare Needs The aging global population is contributing to an increased need for blood tests, as elderly individuals are more susceptible to various health conditions requiring regular monitoring. Between 2015 & 2050, the proportion of the world's population over 60 years will nearly double from 12% to 22%. According to the United Nations, the global population aged 65 & above is projected to reach 1.5 billion by 2050. With aging comes a higher prevalence of conditions such as anemia and kidney diseases, which require routine blood collection for diagnosis and management. Market Opportunities Rising Demand for Point-of-Care Testing and Home-Based Diagnostics With the increasing focus on decentralized healthcare and remote patient monitoring, the demand for portable & home-use blood collection devices is on the rise. Self-collection kits and dried blood spot (DBS) testing are gaining popularity, particularly in managing conditions such as diabetes and infectious diseases. Companies like Tasso & Neoteryx have developed devices that allow patients to collect their own blood samples at home, reducing dependency on traditional lab settings. Expansion in Emerging Markets Developing economies, particularly in APAC, Latin America & Africa, are witnessing rapid improvements in healthcare infrastructure, leading to higher adoption of blood collection devices. Governments are investing in expanding diagnostic services to rural areas, increasing the need for efficient blood collection methods. India’s Ayushman Bharat scheme aims to provide accessible healthcare to millions, thereby boosting the demand for diagnostic tools, including blood collection devices. Market Challenges Risks of Bloodborne Infections & Needlestick Injuries Blood collection procedures carry the risk of transmitting infections due to needlestick injuries and improper handling of samples. The WHO estimates that around 3 million healthcare workers suffer needlestick injuries annually, exposing them to bloodborne diseases like HIV & hepatitis B/C. These risks create concerns among healthcare professionals and necessitate stringent safety measures, potentially increasing costs for healthcare providers. High Costs Associated with Advanced Blood Collection Devices While innovative blood collection technologies improve efficiency, they often come with high costs, limiting their adoption, especially in low-income and developing regions. Automated blood collection systems, vein visualization devices, and microfluidic technologies require significant investment, making them less accessible to small diagnostic centers and clinics in resource-limited settings. Blood Collection Devices Market Segmentation: A Comprehensive Overview By Product Type Blood Collection Tubes Blood Bags Needles & Syringes Blood Collection Systems/Monitors Micro-Collection Devices Lancets Accessories (e.g., tourniquets, tube holders) By Method Manual Blood Collection Automated Blood Collection By Application Diagnostics Therapeutics By End User Hospitals & Clinics Diagnostic & Pathology Laboratories Blood Banks Research & Academic Institutes By Material Glass Plastic By Region North America Asia-Pacific Europe Latin America Middle East & Africa Blood Collection Devices Market Segment Analysis: Growth Trends Across Categories By Product Type: Leading Segment: Blood Collection Tubes Blood collection tubes hold the largest market share in the blood collection devices market, making up over 30% of the total market share. Blood collection tubes are essential in various diagnostic procedures and are widely used in hospitals, clinics & laboratories for collecting blood samples. The increasing demand for accurate and quick diagnostics across various healthcare settings is driving the growth of this segment. The rise in chronic diseases, such as diabetes & cancer, along with the expanding patient base, contributes to the high demand for blood collection tubes. Fastest-Growing Segment: Blood Collection Systems/Monitors Blood collection systems and monitors are the fastest-growing product type in the blood collection devices market, with a projected CAGR of 6.5% over the next five years. These systems allow for the automation & standardization of blood collection, improving efficiency & reducing the risk of human error. The rise of personalized medicine, along with increasing healthcare automation, is pushing the growth of blood collection systems, particularly in high-volume clinical settings such as diagnostic laboratories. By Method: Leading Segment: Manual Blood Collection Manual blood collection remains the leading method in the blood collection devices market, accounting for 55% of the market share. Manual collection is widely used due to its lower initial cost and the ability to be performed in virtually any clinical environment. The global prevalence of diseases & the increasing number of routine health checkups are boosting the demand for manual blood collection. Fastest-Growing Segment: Automated Blood Collection Automated blood collection is the fastest-growing method segment, with a CAGR of 7%. Automated systems offer advantages such as greater precision, enhanced safety & reduced staff workload, especially in high-throughput environments like blood banks & large diagnostic labs. As healthcare systems globally continue to adopt automation for better outcomes, automated blood collection methods are experiencing rapid growth. By Application: Leading Segment: Diagnostics Diagnostics holds the largest market share in the blood collection devices market, contributing to about 45% of the total market. Blood collection is crucial for laboratory diagnostics, which drive demand for blood collection devices in healthcare institutions. The rising burden of chronic diseases, coupled with an increasing emphasis on preventive care, has led to a steady rise in diagnostic testing, thereby boosting the demand for blood collection devices. Fastest-Growing Segment: Therapeutics The therapeutics segment is the fastest-growing application, expanding at a CAGR of 5.7%. This growth is driven by advancements in treatments such as immunotherapy & personalized medicine, which require frequent blood monitoring. Therapeutic blood collection for processes like blood transfusions, plasmapheresis & stem cell therapy is gaining importance, further accelerating the demand for collection devices in these fields. By End-User: Leading Segment: Hospitals & Clinics Hospitals and clinics are the largest end-users of blood collection devices, accounting for approximately 50% of the market share. These healthcare facilities perform the bulk of blood collections for both diagnostics and therapeutic purposes. The rise in healthcare access, hospital admissions & routine medical procedures is contributing to the growth of blood collection device demand in this segment. Fastest-Growing Segment: Research & Academic Institutes The research and academic institutes segment is the fastest-growing end-user, with a CAGR of 6.2%. Research institutes are increasingly focusing on developing new diagnostics & treatments, including vaccine research & studies related to infectious diseases. This growing demand for blood collection devices in research settings is fueling the growth of this segment. By Material: Leading Segment: Plastic Plastic-based blood collection devices lead the material segment, holding a market share of around 60%. Plastic is lightweight, cost-effective & resistant to breakage, making it the preferred material for most blood collection devices. The increasing adoption of single-use and disposable plastic devices in clinical settings is contributing to this dominance. Fastest-Growing Segment: Glass Glass blood collection devices are the fastest-growing segment, with a CAGR of 4.8%. While plastic dominates the market, glass devices are increasingly being used in specific applications such as blood culture testing & certain diagnostic procedures. The trend towards higher quality, reliable testing is driving the demand for glass-based blood collection devices, especially in critical care environments. By Region: Leading Region: North America North America holds the largest share in the global blood collection devices market, accounting for approximately 35% of the total market. The presence of well-established healthcare infrastructure, the increasing prevalence of chronic diseases & high healthcare expenditure contribute to this dominance. The United States, in particular, leads in terms of demand for blood collection devices due to its advanced healthcare system & large-scale diagnostics. Fastest-Growing Region: Asia-Pacific The Asia-Pacific region is the fastest-growing market for blood collection devices, with a projected CAGR of 7.5%. Rapid improvements in healthcare infrastructure, along with rising healthcare spending & increasing disease prevalence, are driving the demand for blood collection devices in this region. Additionally, countries like China & India are witnessing a surge in the number of healthcare facilities and diagnostic laboratories, further boosting market growth. Blood Collection Devices Market Report Coverage Report Attribute Details Forecast Period 2023 – 2030 Market Size Value in 2023 USD 7.1 Billion Revenue Forecast in 2030 USD 10.2 Billion Overall Growth Rate CAGR of 6.2% (2023 – 2030) Base Year for Estimation 2022 Historical Data 2017 – 2021 Unit USD Million, CAGR (2023 – 2030) Segmentation By Product Type, By Method, By Application, By End-User, By Material, By Geography By Product Type Blood Collection Tubes; Blood Bags; Needles & Syringes; Blood Collection Systems/Monitors; Micro-Collection Devices; Lancets; Accessories (e.g., tourniquets, tube holders) By Method Manual Blood Collection; Automated Blood Collection By Application Diagnostics; Therapeutics By End-User Hospitals & Clinics; Diagnostic & Pathology Laboratories; Blood Banks; Research & Academic Institutes By Material Glass; Plastic By Region North America, Europe, Asia-Pacific, Latin America, Middle East & Africa Country Scope US, Canada, Germany, China, India, etc. Market Drivers Growing demand for blood donations, increasing prevalence of chronic diseases, rising adoption of automated blood collection systems Pricing and Purchase Options Customized options available Key Players in the Blood Collection Devices Market Becton, Dickinson and Company Terumo Corporation Fresenius Kabi AG Haemonetics Corporation Greiner Bio-One International QIAGEN N.V. ICU Medical, Inc. Cardinal Health, Inc. Thermo Fisher Scientific Inc. Abbott Laboratories Recent Developments In January 2025, Terumo Blood and Cell Technologies announced that Carter BloodCare became the first U.S. adopter of its Reveos™ Automated Blood Processing System and Lumia™ Software Platform. This system automates the separation of whole blood into components, enhancing efficiency and addressing platelet shortages. In March 2024, Fresenius Kabi launched an advanced blood processing system aimed at enhancing the safety and quality of blood components in hospitals & clinics. In January 2024, BD expanded its product portfolio by introducing a new range of blood collection consumables designed to reduce contamination risk during transfusion procedures. Future Outlook The future outlook for the blood collection devices market appears promising, driven by advancements in technology, the rising incidences of chronic diseases & the increasing demand for efficient blood collection methods. The global shift towards minimally invasive & automated blood collection techniques is expected to propel market growth, with innovations such as vacuum-based collection systems, microfluidic devices & digital health integration improving efficiency and patient comfort. Additionally, the growing emphasis on blood safety, contamination prevention & infection control is likely to spur demand for sterile & single-use collection devices. The expansion of healthcare infrastructure in emerging markets, coupled with an increasing number of blood donations and diagnostic procedures, further fuels market expansion. Government initiatives & investments in blood transfusion services, biobanking & clinical research are expected to create new opportunities for industry players. However, challenges such as regulatory hurdles, high costs of advanced devices & limited access to modern collection systems in developing regions may restrain market growth. Overall, the industry is set to witness significant innovation & adoption of automated and AI-driven solutions to enhance blood collection efficiency, reduce human error, and improve patient experience. Frequently Asked Question About This Report How Big is the Blood Collection Devices Market? The blood collection devices market was valued at approximately $7.1 billion in 2024 and is projected to reach $10.2 billion by 2030, growing at a CAGR of 6.2% during the forecast period. What are the Key Factors Driving the Growth of the Blood Collection Devices Market? The market growth is driven by rising prevalence of chronic diseases such as diabetes, cardiovascular disorders & infectious diseases and technological advancements in blood collection devices, including vacuum-assisted systems and automated blood collection techniques. Who are the Major Players in the Blood Collection Devices Market? Major players include Becton, Dickinson and Company (BD), Terumo Corporation, Greiner Bio-One, Haemonetics Corporation, Medtronic, Fresenius Kabi, Nipro Medical Corporation, Quest Diagnostics, SARSTEDT AG & Co. KG, and Cardinal Health. Which Region Held the Largest Blood Collection Devices Market Share? North America held the largest market share in 2024, attributed to well-established healthcare infrastructure, high demand for diagnostic testing, and increasing blood donation activities. Which Application/Type Had the Largest Blood Collection Devices Market Share? Vacuum blood collection systems held the largest market share due to their ease of use, reduced contamination risk, and widespread adoption in hospitals, diagnostic labs, and blood banks. Source- https://www.cdc.gov/pcd/issues/2024/23_0267.htm https://news.un.org/en/story/2023/05/1136832 https://www.imf.org/en/Publications/fandd/issues/Series/Analytical-Series/aging-is-the-real-population-bomb-bloom-zucker Table of Contents for the Blood Collection Devices Market Report Executive Summary • Market Overview • Market Attractiveness by Product Type, Method, Application, End User, Material, and Region • Strategic Insights from Key Executives (CXO Perspective) • Historical Market Size and Future Projections (2022–2032) • Summary of Market Segmentation by Product Type, Method, Application, End User, Material, and Region Market Share Analysis • Leading Players by Revenue and Market Share • Market Share Analysis by Product Type, Method, and Application • Market Share Analysis by End User and Region Investment Opportunities in the Blood Collection Devices Market • Key Developments and Innovations • Mergers, Acquisitions, and Strategic Partnerships • High-Growth Segments for Investment Market Introduction • Definition and Scope of the Study • Market Structure and Key Findings • Overview of Top Investment Pockets Research Methodology • Research Process Overview • Primary and Secondary Research Approaches • Market Size Estimation and Forecasting Techniques Market Dynamics • Key Market Drivers • Challenges and Restraints Impacting Growth • Emerging Opportunities for Stakeholders • Impact of Macroeconomic and Technological Factors • COVID-19 and Post-Pandemic Analysis Global Blood Collection Devices Market Analysis • Historical Market Size and Volume (2022–2032) • Market Size and Volume Forecasts (2024–2032) • Market Analysis by Product Type: o Blood Collection Tubes o Needles & Syringes o Blood Bags o Blood Collection Systems/Monitors o Lancets o Micro-Collection Devices o Accessories (e.g., tourniquets, tube holders) • Market Analysis by Method: o Manual Blood Collection o Automated Blood Collection • Market Analysis by Application: o Diagnostics o Therapeutics • Market Analysis by End User: o Hospitals & Clinics o Diagnostic & Pathology Laboratories o Blood Banks o Research & Academic Institutes • Market Analysis by Material: o Glass o Plastic • Market Analysis by Region: o North America o Europe o Asia-Pacific o Latin America o Middle East & Africa North America Blood Collection Devices Market Analysis • Historical Market Size and Volume (2022–2032) • Market Size and Volume Forecasts (2024–2032) • Market Analysis by Product Type • Market Analysis by Method • Market Analysis by Application • Market Analysis by End User • Market Analysis by Material • Country-Level Breakdown: o United States o Canada o Mexico Europe Blood Collection Devices Market Analysis • Historical Market Size and Volume (2022–2032) • Market Size and Volume Forecasts (2024–2032) • Market Analysis by Product Type • Market Analysis by Method • Market Analysis by Application • Market Analysis by End User • Market Analysis by Material • Country-Level Breakdown: o Germany o United Kingdom o France o Italy o Spain o Rest of Europe Asia-Pacific Blood Collection Devices Market Analysis • Historical Market Size and Volume (2022–2032) • Market Size and Volume Forecasts (2024–2032) • Market Analysis by Product Type • Market Analysis by Method • Market Analysis by Application • Market Analysis by End User • Market Analysis by Material • Country-Level Breakdown: o China o India o Japan o South Korea o Rest of Asia-Pacific Latin America Blood Collection Devices Market Analysis • Historical Market Size and Volume (2022–2032) • Market Size and Volume Forecasts (2024–2032) • Market Analysis by Product Type • Market Analysis by Method • Market Analysis by Application • Market Analysis by End User • Market Analysis by Material • Country-Level Breakdown: o Brazil o Argentina o Rest of Latin America Middle East & Africa Blood Collection Devices Market Analysis • Historical Market Size and Volume (2022–2032) • Market Size and Volume Forecasts (2024–2032) • Market Analysis by Product Type • Market Analysis by Method • Market Analysis by Application • Market Analysis by End User • Market Analysis by Material • Country-Level Breakdown: o GCC Countries o South Africa o Rest of Middle East & Africa Key Players and Competitive Analysis • Becton, Dickinson and Company – Global Leader in Blood Collection Devices • Terumo Corporation – Extensive Product Portfolio in Blood Collection and Therapeutics • Fresenius Kabi AG – Strong Market Position in Blood Bags and Blood Collection Systems • Haemonetics Corporation – Expertise in Blood Collection and Blood Processing • Greiner Bio-One International – Market Leader in Blood Collection Tubes and Related Accessories • QIAGEN N.V. – Innovations in Blood Collection for Diagnostics • ICU Medical, Inc. – Focus on Blood Collection Systems and Healthcare Solutions • Cardinal Health, Inc. – Leading Distributor of Blood Collection Devices • Thermo Fisher Scientific Inc. – Advanced Blood Collection Technologies for Diagnostics and Research • Abbott Laboratories – Pioneer in Blood Collection Devices and Diagnostics Appendix • Abbreviations and Terminologies Used in the Report • References and Sources List of Tables • Market Size by Product Type, Method, Application, End User, Material, and Region (2024–2032) • Regional Market Breakdown by Product Type, Method, and Application (2024–2032) List of Figures • Market Dynamics: Drivers, Restraints, Opportunities, and Challenges • Regional Market Snapshot for Key Regions • Competitive Landscape and Market Share Analysis • Growth Strategies Adopted by Key Players • Market Share by Product Type, Method, and Application (2024 vs. 2032)