The Blood Collection Devices Global Market Report 2023 by The Business Research Company, provides blood collection devices market overview across 60+ geographies in the seven regions - Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa for the 27 major global industries. The report covers a ten-year historic period – 2010-2021, and a ten-year forecast period – 2023-2032.

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According to The Business Research Company’s insightful Blood Collection Devices Global Market Report for 2023, the global blood collection devices market has exhibited substantial growth, escalating from $6.92 billion in 2022 to a commendable $7.39 billion in 2023, reflecting a robust compound annual growth rate (CAGR) of 6.8%. However, the specter of the Russia-Ukraine war casts a shadow over the global economic recovery from the COVID-19 pandemic, particularly in the short term. This geopolitical conflict has precipitated economic sanctions, commodity price hikes, and supply chain disruptions, fueling inflation across diverse sectors globally. Nevertheless, the blood collection devices market is anticipated to witness continued expansion, reaching a projected size of $9.59 billion by 2027, maintaining a steady CAGR of 6.8%.

The driving force behind this growth is the escalating incidence of infectious diseases, a trend that profoundly influences the blood collection devices market. Infectious diseases, stemming from bacteria, viruses, fungi, or parasites, prompt an increased demand for effective diagnostic tools. Notably, infectious disorders like hepatitis B (HBV), hepatitis C (HCV), human immunodeficiency virus (HIV), malaria, syphilis, and brucellosis are routinely screened and diagnosed through blood collection and sampling procedures. The persistent rise in the prevalence of infectious diseases and the corresponding surge in diagnostic activities are poised to significantly boost the adoption and utilization of blood collection devices. This symbiotic relationship between healthcare challenges and innovative medical solutions underscores the pivotal role played by blood collection devices in addressing global health concerns.

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The blood collection devices market is segmented:

1) Blood Collection Devices Market By Type: Blood Collection Tubes, Lancet, Micro Container Tubes, Warming Devices

2) Blood Collection Devices Market By Method: Manual Blood Collection, Automatic Blood Collection

3) Blood Collection Devices Market By Material: Glass, Stainless Steel, Plastic

4) Blood Collection Devices Market By End User: Hospitals, Blood Donation Centers, Diagnostic Center, Other End Users

The blood collection devices market is currently witnessing a notable surge in the adoption of technological advancements, emerging as a prominent trend. Numerous companies operating within this sphere are actively engaged in the development of novel products and cutting-edge technologies, responding to the rapidly escalating demand within this thriving industry while concurrently expanding their global footprint. The focus of these endeavors is on the creation of technologically advanced products meticulously designed to elevate user comfort and furnish advanced protection to customers. A case in point is the noteworthy initiative undertaken by Owen Mumford, a distinguished medical device design and manufacturing company. In April 2022, the company introduced a groundbreaking venous blood collection portfolio under its renowned Unistik brand. Leveraging the company's profound expertise and historical legacy in capillary blood sampling, this innovative portfolio encompasses a diverse range of venous devices meticulously crafted to prioritize patient safety, comfort, and quality.

A standout inclusion in this portfolio is the Unistik ShieldLock Ultra, a paradigm of one-handed and in-vein activated safety systems aimed at diminishing the risk of Needlestick Injuries (NSIs). Notably, the device boasts a distinctive safety feature that, when activated, seamlessly closes the tube connecting the needle and the Luer, mitigating the potential exposure to blood after the needle is withdrawn from the vein. This forward-thinking approach exemplifies a commitment to user safety and technological excellence, setting a new standard in blood collection device innovation. By seamlessly integrating advanced safety features with user-friendly design, companies like Owen Mumford are contributing significantly to the evolution of the blood collection devices landscape, ensuring not only the efficacy of the devices but also elevating the overall experience for both healthcare professionals and patients alike. This strategic confluence of innovation and safety underscores the transformative potential of technology in shaping the future trajectory of the blood collection devices market.

The blood collection devices market report table of contents includes:

1. Executive Summary

2. Blood Collection Devices Market Characteristics

3. Blood Collection Devices Market Trends And Strategies

4. Blood Collection Devices – Macro Economic Scenario

5. Blood Collection Devices Market Size And Growth

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26. Africa Blood Collection Devices Market

27. Blood Collection Devices Market Competitive Landscape And Company Profiles

28. Key Mergers And Acquisitions In The Blood Collection Devices Market

29. Blood Collection Devices Market Future Outlook and Potential Analysis

30. Appendix

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