The global Blood Collection market is expected to grow from $7.26 billion in 2015 to $9.41 billion by 2020, at an estimated Compound Annual Growth Rate (CAGR) of 5.3% from 2016 to 2020.

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 largest share of the blood collection market in 2016. Factors such as rising prevalence of diseases, increasing number of surgeries, and growing number of accident and trauma cases are contributing to the large share of this region. Asia-Pacific is expected to grow at the highest CAGR for the blood collection market in the forecast period. The presence of a huge population base, coupled with the improving healthcare infrastructure and increasing number of hospitals, is expected to offer significant growth opportunities for players operating in the Asia-Pacific blood collection market.

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.

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Joanna | Executive – International Business and partner Relations
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