Global blood collection market is expected to grow at a CAGR of 5.6% during the forecast period 2018-2023. The factors driving the market growth includes increasing number of patients with chronic diseases that lead to higher number of surgeries, and global rise in cases of accidents. However, risks of acquiring infections due to unhygienic blood transfusion process and stringent regulatory scenario are expected to affect the market growth during the forecast period. Implementation of innovative techniques such as RFID in blood transfusion and storage processes create significant opportunities for market growth during the forecast period.

The global blood collection market has been segmented into product, applications and end users. The market segmentation on the basis of product include blood collection needles and syringes, blood collection tubes, blood lancets, blood bags, vials, and other blood collection equipments. On the basis of applications, the market is segregated into infectious and non-infectious diseases diagnostics. Segmentation on the basis of end users include hospitals, diagnostic centers and laboratories, blood banks and others.

Global blood collection market has been segmented on the basis of geography which includes North America, Europe, Asia Pacific (APAC) and Rest of the World (RoW). North America dominates the market due to increasing incidences of contagious diseases and lifestyle induced diseases. Sophisticated healthcare infrastructure and rapid adoption of advanced technologies are some of the major factors fuelling market growth in this region. APAC region is expected to be the fastest growing market owing to increasing rate of disease prevalence that leads to rise in blood inventory management. Economic development of countries such as China, India, Japan and South Korea also contribute in rising healthcare expenditure, thus boosting the market. The global blood collection market report includes detailed market overview, market determinants, company profiling, market segmentation, geographical analysis, strategic recommendations, key company analysis, key findings, analyst insights and predictive analysis of the market.

The key players profiled in the global blood collection market report includes Becton, Dickinson and Company, Abbott Laboratories, Nipro Medical Corporation, Terumo Corporation, Argon, Covidien, Cr Bard, Ecolab, FL Medical, Greiner Holding Ag, Haemonetics Corporation, Medtronic, Qiagen and Sarstedt Ag & Co. M&A, product expansion, product launch and partnership are the key strategy adopted by the global Blood Collection market players. Global Blood Collection market players have been focusing on expansion, product launch, R&D, innovation and technological advancement. Rising competition makes global Blood Collection market dynamic and fast growing.

Research Methods and Tools

To derive the number, the market has been analysed by several approaches. Methods adopted for deriving the numbers include incidence and prevalence rate of various chronic diseases such as CVD, Oncology diseases, infectious and non-infectious disease at regional and global level and application of blood collection in their diagnosis and treatment. Additionally, annual report of the company, geographical location of the major market player, average cost of the product at the regional level, government investment for blood banks and government guidelines are studied. Annual reports of the companies provide deep knowledge about the revenue in a particular region and other prospects. Furthermore, an overview of dominating and fastest growing segment market share is also derived on the basis of information provided by annual reports of the company. Besides this, geographical locations of major market player are analysed. Expansion or acquisition of manufacturing unit in a particular region has been taken into consideration. The US, European countries, China, India, Japan, Korea are the major location taken in to consideration.

The market study of blood collection market has been incorporated by extensive primary and secondary research conducted by research team at OMR.  Secondary research has been conducted to refine the available data to breakdown the market in various segments, derive total market size, market forecast and growth rate. Different approaches have been worked on to derive the market value and market growth rate. Our team collects facts and data related to the market from different geography to provide a better regional outlook. In the report country level analysis is provided by analyzing various regional players, regional tax laws and policies, consumer behavior and macro-economic factors. Numbers extracted from secondary research have been authenticated by conducting proper primary research. It includes tracking down key personnel from the industry and interviewing them to validate the data. This enables our analyst to derive the closest possible figures without any major deviations in the actual number. Our analysts try to contact as many executives, managers, key opinion leaders and industry experts. Primary research brings the authenticity in our reports.

Secondary sources include

• Financial reports of companies involved in the market
  
• Authentic Public Databases
• Whitepapers, research-papers and news blogs
• Company websites and their product catalogue.
• Forward-looking statement of key players

The report is intended for blood bank collection market players, potential entrants, laboratories, healthcare provider, universities for overall market analysis and competitive analysis. The report provides in-depth analysis on market determinants, segments, pricing analysis and competitive analysis. The report will serve as a source for 360-degree analysis of the market thoroughly integrating different models such as PEST analysis delivering insights into the market for better business decisions.

Market Segmentation

• Global Blood Collection Market Research and Analysis, By Product
  
• Global Blood Collection Market Research and Analysis, By Application
• Global Blood Collection Market Research and Analysis, By End User
• Global Blood Collection Market Research and Analysis, By Region

The Report Covers

• Comprehensive research methodology of global blood collection market.
• This report also includes detailed and extensive market overview with key analyst insights.
• Exhaustive analysis of macro and micro factors influencing the market guided by key recommendations.
• Analysis of regional regulations and other government policies impacting the global blood collection market.
• Insights about market determinants which are stimulating the global blood collection market.
• Detailed and extensive market segments with regional distribution of forecasted revenues.
• Extensive profiles and recent developments of market players.