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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As delineated in The Business Research Company's meticulous Blood Collection Devices Global Market Report for 2023, the global market for blood collection devices witnessed a commendable expansion, escalating from $6.92 billion in 2022 to an impressive $7.39 billion in 2023, reflecting a noteworthy compound annual growth rate (CAGR) of 6.8%. Nevertheless, the specter of the Russia-Ukraine conflict casts a shadow over the short-term prospects of global economic recovery from the COVID-19 pandemic. The ensuing economic sanctions, escalating commodity prices, and supply chain disruptions have precipitated inflation across diverse sectors worldwide, impacting markets on a global scale. Despite these challenges, the blood collection devices market is anticipated to burgeon further, projecting a size of $9.59 billion by 2027, sustained by a robust CAGR of 6.8%.

A pivotal catalyst driving this growth trajectory is the escalating incidence of infectious diseases, a phenomenon that underscores the critical role of blood collection devices in the healthcare ecosystem. Infectious diseases, arising from bacteria, viruses, fungi, or parasites, necessitate accurate and efficient diagnostic measures. Blood collection and sampling emerge as fundamental procedures for testing infectious disorders such as hepatitis B (HBV), hepatitis C (HCV), the human immunodeficiency virus (HIV), malaria, syphilis, and brucellosis. The perpetual rise in the occurrences of these infectious diseases and the concomitant surge in diagnostic activities are poised to amplify the demand for blood collection devices. This symbiotic relationship between the prevalence of infectious diseases and the imperative role of blood collection devices underscores the market's potential for continued expansion, reinforcing their indispensability in the realm of healthcare diagnostics.

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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 prominent surge in the adoption of technological advancements, marking a pivotal trend in the industry. A multitude of companies actively engaged in this sector are channeling their efforts towards the development of novel products and cutting-edge technologies. This strategic approach is meticulously tailored to address the burgeoning demand within the rapidly growing industry while simultaneously elevating their global business footprint. The technological strides made by these enterprises are distinctly centered around augmenting user comfort and furnishing advanced protection to customers. A case in point is the noteworthy initiative by Owen Mumford, a distinguished medical device design and manufacturing company. In April 2022, Owen Mumford introduced an innovative venous blood collection portfolio under its esteemed Unistik brand. Leveraging the company's profound expertise and historical legacy in capillary blood sampling, this new portfolio encompasses a spectrum of venous devices meticulously crafted to ensure paramount patient safety, comfort, and quality.

One standout product within this portfolio is the Unistik ShieldLock Ultra, a revolutionary device that integrates a one-handed, in-vein activated safety system, effectively mitigating the risk of needlestick injuries (NSIs). Notably, the device boasts a unique safety feature that, upon activation, closes the tube connecting the needle and the Luer, thus preventing blood exposure post-needle removal from the vein. This groundbreaking innovation exemplifies the commitment of companies like Owen Mumford to advancing safety standards in blood collection, ushering in an era of enhanced patient well-being and operational efficiency. The convergence of cutting-edge technologies with healthcare solutions underscores the industry's dedication to continual improvement and the delivery of optimal user experiences.

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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