Blood Collection Market Growing at 5.3% CAGR to 2021

PUNE, India, July 29, 2016 /PRNewswire/ --

The blood collection market is expected to reach $9.90 billion by 2021 at CAGR of 5.3% from 2016 to 2021 propelled by the increasing number of surgical procedures requiring blood transfusions, growing number of accidental and trauma cases and rising prevalence of diseases.

Complete report on blood collection market spread across 156 pages, profiling 10 companies and supported with 103 tables and 59 figures is now available at http://www.marketreportshub.com/blood-collection-industry-research-marketsandmarkets.html .

In this report, the blood collection market is segmented on the basis of products, applications, end users, and regions. On the basis of products, the blood collection market is categorized into blood collection needles and syringes, blood collection tubes, blood lancets, blood bags, vials, and others (microscopic slides, slide strainers, and test tube racks). The blood collection needles and syringes segment is expected to account for the largest share of the blood collection market in 2016. The increasing demand of blood collection needles and syringes in blood collection procedures (due to the increasing number of surgeries) is the major factor contributing to the growth of this segment.

The blood collection market, by application, is segmented into diagnostics and treatment applications. The diagnostics segment is further divided into infectious diseases and non-infectious diseases. The diagnostics segment is expected to account for the largest share of the blood collection market in 2016. The increasing demand for blood in diagnostic procedures and increasing number of accidental and trauma cases are the major factors driving the growth of the diagnostics market.

North America is expected to account for the largest share of the blood collection market in 2016. The implementation of favorable government initiatives for blood safety is the major factor driving the growth of the blood collection market in North America. The Asia-Pacific market, on the other hand, is expected to grow at the highest CAGR in the forecast period. This market is primarily driven by the increasing incidences of infectious diseases.

The key players in the blood collection market are Becton, Dickinson and Company (U.S.), Abbott Laboratories (U.S.), Nipro Medical Corporation (Japan), and Terumo Corporation (Japan).Order a copy of Blood Collection Market by Product (Syringes, Needles, EDTA, Heparin, Serum, Tubes, Blood Lancets, Blood Bags, Vials), Application (Diagnostic, Treatment, Infectious Diseases, Non Infectious Diseases) & End User (Blood Banks, Hospitals) - Forecast to 2021research report at http://www.marketreportshub.com/purchase?rpid=4107 .

On the basis of end users, the blood collection market is segmented into hospitals and diagnostic centers, blood banks, and other end users (long-term acute care centers, trauma centers, and nursing homes). The hospitals and diagnostic centers segment is expected to account for the largest share of the blood collection market in 2016. The large share of this segment is primarily attributed to the increasing demand of donated blood, growing number of organ transplantation surgeries, and increasing number of blood donations worldwide.

On a related note, another research on Blood Culture Tests Market Global Forecasts to 2021 says, the global market is to reach USD 4,768.9 million by 2021 from USD 3,252.6 million in 2016, at a CAGR of 8.0%. North America commanded the largest share of the global blood culture tests market in 2015. In this report the company profiles comprise basic views on key players and their product portfolios, developments, and strategies adopted. Companies like Becton, Dickinson and Company, bioMérieux SA, Thermo Fisher Scientific, Inc., Cepheid, Inc., Nanosphere, Inc., Roche Diagnostics, Beckman Coulter, Bruker Corporation, IRIDICA and T2 Biosystems have been profiled in this 249 pages research report available at http://www.marketreportshub.com/blood-culture-test-industry-research-marketsandmarkets.html .

Explore more reports on life sciences market at http://www.marketreportshub.com/categories/life-sciences.

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