Venous Blood Collection Devices Market to Witness Widespread Expansion by 2026
Growing concerns about spread of infectious diseases through donated blood has increased demand for blood and blood products. Venous blood collection devices are vessels utilized for gathering, inspecting, and testing blood tests. These devices are user-friendly and provide good mechanical support as well as protection from radiation and pollution. Additionally, these blood collection devices offer the correct filling volume. Expanding diagnostics and screening for various diseases, expanding healthcare awareness prompting developing interest for blood collection devices for testing, and with the developing inclination for disposable items are the factors responsible for the growth of the global Venous Blood Collection Devices Market. Product development can be an appealing procedure for the growth of the global venous blood collection devices market. However, risks associated with contamination of these products, significant pricing pressure, and inferior quality items from unknown manufacturers are likely to restrain the venous blood collection devices market during the forecasted period.
The global venous blood collection devices market can be segmented based on type of device, material, application, and end-user. In terms of type of device, the global market can be classified into vacuum blood collection system, warming devices, blood collection tubes, blood collection needles, microfluidic system, micro-hematocrit tubes, micro-container tubes, and others. The others segment includes blood bags and venous cannula. The blood collection tubes segment can be categorized into EDTA tube, heparin tube plasma separation tube, serum separating tube, and others.
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Based on material, the global venous blood collection devices market can be divided into glass, plastic, ceramic, stainless steel, and others. In terms of application, the global market can be bifurcated into intraoperative blood salvage and vein blood gas sampling. Furthermore, the vein blood gas sampling can be segmented on the basis of diagnosis of disease and acid-base status monitoring. Based on end-user, the global venous blood collection devices market can be categorized into blood donation centers, hospitals & clinics, diagnostic centers, point-of-care, and others.
Geographically, the global venous blood collection devices market can be segmented into North America, Europe, Asia Pacific, Latin America, and Middle East & Africa. North America accounted for the largest share of the market, followed by Europe. Growth of the market in North America is attributed to presence of large number of companies (mid- and large-sized), rapid emergence of new players, and early adopters. However, the market in Asia Pacific is anticipated to expand at the fastest CAGR during the forecast period. Increase in awareness about blood donation and entry of major players in the region are the key factors driving the market in the region.
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The global venous blood collection devices market has witnessed intense competition due to the presence of large number of local players in most of the regions. Large players are expanding distribution channels to increase market share in different regions. Small players in the market strive to develop new innovative products that can attract consumers and in turn gain a foothold in the market. Key players in the global venous blood collection devices market include Becton, Dickinson and Company, F. Hoffmann-La Roche Ltd, Sekisui Chemical Co., Ltd., QIAGEN, Narang Medical, Zhejiang Gongdong Medical Technology Co., Ltd., Medtronic plc, Weihai Hongyu Medical Devices Co., Ltd., Ionis Pharmaceuticals, and Thermo Fisher Scientific, Inc.