Blood Collection Market

Becton, Dickinson and Company (US) and Terumo BCT (US) are Leading Payers in the Blood Collection Market

The global blood collection devices market is projected to reach USD 6.4 billion by 2025 from USD 4.8billion in 2020, at a CAGR of 6.0% between 2020 and 2025. Blood collection is the process of acquiring blood samples from patients for diagnostic and therapeutic purposes. It is an integral part of the diagnosis and blood group typing process in hospitals and blood bank centers. The blood collection devices market covers the products used to collect blood from patients/donors.

The prominent players operating in the blood collection devices market include Becton, Dickinson and Company (US), Terumo BCT (US), Fresenius Kabi AG (Germany), Grifols, S.A. (Spain), Nipro Medical Corporation (Japan), Quest Diagnostics (US), SARSTEDT AG (Germany), Haemonetics Corporation (US), Greiner Bio-One (Austria), and Smiths Medical (US) among others..Players in this market focused on partnerships, collaborations, agreements, acquisitions, mergers, expansions, and product launches & approvals to expand their market presence between January 2017 and June 2020.

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BECTON, DICKINSON AND COMPANY (US)

BD is the largest player in the global blood collection devices market, in 2019. The company offers a wide range of products in the blood collection devices market, including blood collection tubes, blood collection needles and syringes, blood bag sets, and lancets. With its strong geographic presence and extensive product portfolio, the company is expected to witness strong growth in the blood collection devices market during the forecast period.

TERUMO BCT (JAPAN)

Terumo BCT is the second-leading company in the market, in 2019. It offers a broad range of blood collection products, especially apheresis systems. Over the years, the company has put together a dedicated product and technology platform for the blood collection devices market. With its target for mid- to long-term growth and the expansion of automation systems, the company is expected to gain and hold a competitive position in the market. It is also making targeted investments in strategically important emerging countries to strengthen its position in the market.

FRESENIUS KABI (GERMANY)

Fresenius Kabi is the third-largest player in the blood collection devices market. The company offers a broad range of blood collection products, especially blood bags. It has maintained its market position by achieving a high level of customer satisfaction and good brand equity. Furthermore, over the years, the company has invested in building a strong brand portfolio, which further enhances the adoption of its product line amongst its customer base. The company has also built a reliable distribution network that can reach the majority of its potential market and contribute to revenue.

Related Reports:

Blood Collection Market by Product (Tubes (Plasma (EDTA, Heparin, Glucose), Serum), Blood Bags, Monitors, Needles), Method (Manual, Automated), Application (Diagnostic, Therapeutic), End User (Hospitals & ASCs, Blood Banks, Labs) - Global Forecast to 2025

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Report Code
MD 4465
RI Published ON
8/19/2020
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