Increasing Prevalence of Chronic Diseases and Aging Population Drives Blood Collection Devices Market to Touch $17 billion by 2030
A new report from Industry Experts Inc, on " Blood Collection Devices ", reveals that the global Blood Collection Devices market is estimated at US$11.7 billion in 2024 and is expected to record a CAGR of 6.6% during the 2024-2030 analysis period and stand at a projected US$17.2 billion by 2030. The rising incidence of chronic illnesses, such as diabetes and heart disease, and an aging population that requires frequent blood tests are key drivers of the blood collection market. Technological advancements, like safety-engineered devices and micro-collection systems, are expanding market opportunities. Additionally, the increase in accidents and trauma cases requiring urgent medical care, along with heightened awareness and efforts to promote blood donations is further boosting demand for blood collection equipment, especially in blood banks and donation centers. The blood collection market is segmented into manual and automated methods. The manual segment leads th...